The second half of this bull market will be intense

Could it be that all along we have been in a mid-cycle price correction?

It never really felt like we were entering a bear market and that it was the end of the bull run.

Here are some reasons why we could be on the cusp of entering the second half of this bull run.

1. The crypto market has been in a state of either fear or extreme fear for the past few months, but it looks like greener pastures are ahead according to Crypto's 'The Fear & Greed Index' which finally took Crypto outside of the fear zone and into green/greed territory. Crypto Fear & Greed Index - Bitcoin Sentiment - Alternative
2. The crypto market cap has increased by $450 Billion in a little over a week; It stood at $1.25 Trillion on the 20th of July and it is now sitting at $1.7 Trillion: Cryptocurrency Global Charts (coingecko.com)
3. The Total Value Locked in Defi has also been accumulating, going from $55 Billion on July 20 to $69 Billion today: DeFi Pulse - The Decentralized Finance Leaderboard
4. Bitcoin broke the 42k barrier today after being stuck between 29k - 32k for quite some time; CoinGecko: Cryptocurrency Prices and Market Capitalization
5. Long Term BTC Holders control 75% of the bitcoin supply & are accumulating at a rapid pace while the supply on exchanges is decreasing, previous bull runs have been ignited by similar conditions: - https://www.prnewswire.com/news-releases/bitcoins-long-term-holders-are-hoarding-the-supply-heres-why-it-matters-301338834.html
6. Bitcoin sellers expected to cover positions, which could lead to higher prices next week; https://www.prnewswire.com/news-releases/bitcoin-short-squeeze-puts-crypto-stocks-back-in-the-spotlight-301343968.html
7. Crypto's market cap has been green for 10 consecutive days; https://www.coingecko.com/en/global_charts

​

Edit: I am adding the following bullish news, thanks to u/itachiwriting/ and u/ProfessionalLion_/

In 5 days Ethereum will undergo its London Hard Fork upgrade; containing 5 improvement proposals that will optimize and improve the cryptocurrency; https://www.coindesk.com/ethereum-london-fork-launch-date-august

Germany plans to allow institutional funds to invest billions of dollars in crypto assets for the first time; https://www.bloomberg.com/news/articles/2021-07-30/germany-to-allow-institutional-funds-to-hold-up-to-20-in-crypto

Cardano grows closer to launching smart contracts with new testnet; Cardano smart contracts creep toward full launch

Submitted July 30, 2021 at 08:13PM by Amelie007 https://ift.tt/3lnqk8q https://ift.tt/2Z7cX2s

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Daily Discussion, July 31, 2021

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.

Submitted July 31, 2021 at 12:04AM by rBitcoinMod https://ift.tt/2Vbkbl4 https://ift.tt/2Z7cX2s

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Bank of America, Coinbase, FTX Invest in Paxos Series D Funding Round

Paxos, a blockchain services and tokenization firm has added Coinbase Ventures, FTX, Bank of America, and Founders Fund as backers in its Series D funding round that started last April. These institutions were listed as “strategic investors,” but the amounts of their contributions were not disclosed. Paxos has now raised more than $540 million in funding.

Bank of America, FTX, and Coinbase Invest in Paxos

Two leading cryptocurrency exchanges and the second-biggest U.S. bank invested in Paxos, a New York-based blockchain infrastructure firm that focuses on offering clearing and tokenization services to other traditional firms. Bank of America, FTX, and Coinbase participated as “strategic investors” in the latest Series D funding round that the company started last April.

The interest of Bank of America in the firm is not strange. The company included the bank in its Paxos Settlement services, a blockchain platform that allows third parties to settle equity transactions. But for it to invest in Paxos means that they see a future when blockchain technology is more present and used in conjunction with traditional financial institutions. About this, Paxos CEO Charles Cascarilla stated:

Paxos uses innovative technology to build the regulated infrastructure that will facilitate an open, accessible, and digital economy. We’re defining this space and are excited to grow our enterprise solutions besides these market leaders.

This Series D funding round also featured the participation of important investments from companies like Paypal Ventures and Mithril Capital, raising more than $300 million.

Stablecoin Controversy

The firm states it has an edge over other competing firms: the advantage of being a fully regulated platform, having obtained the New York State Department of Financial Services (NYDFS) issued Bitlicense in October 2020. Some of its customers are PayPal, Bank of America, Credit Suisse, Societe Generale, and Revolut.

Paxos is also the custodian and issuer of two stablecoins in the market: Binance USD and Paxos Standard. The company revealed the assets backing its stablecoins last week and had harsh criticism for other companies that don’t back their stablecoins 100% with cash or cash equivalents. Its CCO Dan Burstein called out these organizations stating no regulator would allow these behaviors.

Paxos is also interested in linking blockchain and traditional finance markets by itself. Last year, it received a Preliminary Conditional Approval for a US Bank Charter, from the Office of the Comptroller of the Currency (OCC), for running its own banking business.

What do you think about Paxos’ latest funding round? Tell us in the comment section below.

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Elaine Moore's fantasy dinner . . . Gertrude Stein, Dolly Parton and a bemused bitcoin creator

Gertrude Stein, Dolly Parton and a bemused bitcoin creator. 'We travel back to 1816, when the Mount Tambora volcano blocked the sun and there was ...

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Mastercard Has to Be in the Cryptocurrency Space, Says CEO

As cryptocurrency adoption enters a mainstream stage, traditional financial services platforms are trying to adapt to the changing financial ecosystem.

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Cryptocurrency billionaire 'buys $83m California mansion outfitted with two panic rooms'

Cryptocurrency billionaire 'buys $83m California mansion outfitted with two panic rooms'. Master bedroom reportedly grants access via retinol scanner.

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Bitcoin Shoots $42,000 As $45 Billion Asset Manager GoldenTree Starts Buying

https://ift.tt/3jnmoST

Submitted July 30, 2021 at 09:06PM by Dwez1337 https://ift.tt/3xpMLMZ https://ift.tt/2Z7cX2s

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Is BTC Pulling a 2013 on Us? (Some Hopium)

It's July of 2013. If you bought anywhere near the peak in April, things were looking pretty depressing, with losses as large as 70% and what seemed to be a slow, steady grind downward. A lot of people closed out their position, giving up. Here's the daily chart:

2013 BTC Chart to July

If you hung around 'till October, you got a few more months of crab movement. August showed some positive recovery, but at the start of October, everything dumped in a day. You're still down 70%-ish if you held from the peak, but emotionally, you might be even further down, because all the painstakingly slow recovery had dumped so quickly and you didn't have any confidence the next day wouldn't be worse.

2013 BTC chart to Oct

But if you waited another month, you would've caught a ride up 340% from the earlier peak! And if you bought any of that dip, you would be looking at 1400% growth. Look how tiny that April peak looks in retrospect!

2013 BTC chart to Nov

So next let's look at today's chart. I've left some blank space for your mind to fill in the hopium:

2021 BTC Chart with Blank Space for Hopium

Can you see the parabolic green line that could happen, like it did in 2013 (and 2017)? Do you see the hopium rocket primed for lift off? I know I'm not really saying anything new here, but thought it might be useful to look at the 2013 charts as if you were living them then, like you are now. In retrospect, to those who aren't a part of it, it looks so easy. Like you just punch a ticket and get rich. But when you're living through it with your money on the line, it's actually months of torment. You've gotten to experience the torment (2021 edition), don't miss out on the payoff.

And of course, usual disclaimers apply: this is not financial advice, do your own research, don't invest more than you can afford to lose, yadda yadda yadda.

Submitted July 30, 2021 at 08:19PM by SameThingHappened2Me https://ift.tt/3lfnh2f https://ift.tt/2Z7cX2s

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I yolod my life into Bitcoin this morning.

114 votes, 111 comments. Previously I had been putting 10% of my paycheck into Bitcoin. I had about USD4500 Invested, and am currently down ...

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To Trade or Not to Trade? The Future of Cryptocurrency in India

Since 2018, Indian officials are in shambles about cryptocurrency. On May 31, the Reserve Bank of India asked banks to not reject banking services for ...

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The second half of this bull market will be intense

Could it be that all along we have been in a mid-cycle price correction?

It never really felt like we were entering a bear market and that it was the end of the bull run.

Here are some reasons why we could be on the cusp of entering the second half of this bull run.

1. The crypto market has been in a state of either fear or extreme fear for the past few months, but it looks like greener pastures are ahead according to Crypto's 'The Fear & Greed Index' which finally took Crypto outside of the fear zone and into green/greed territory. Crypto Fear & Greed Index - Bitcoin Sentiment - Alternative
2. The crypto market cap has increased by $450 Billion in a little over a week; It stood at $1.25 Trillion on the 20th of July and it is now sitting at $1.7 Trillion: Cryptocurrency Global Charts (coingecko.com)
3. The Total Value Locked in Defi has also been accumulating, going from $55 Billion on July 20 to $69 Billion today: DeFi Pulse - The Decentralized Finance Leaderboard
4. Bitcoin broke the 42k barrier today after being stuck between 29k - 32k for quite some time; CoinGecko: Cryptocurrency Prices and Market Capitalization
5. Long Term BTC Holders control 75% of the bitcoin supply & are accumulating at a rapid pace while the supply on exchanges is decreasing, previous bull runs have been ignited by similar conditions: - https://www.prnewswire.com/news-releases/bitcoins-long-term-holders-are-hoarding-the-supply-heres-why-it-matters-301338834.html
6. Bitcoin sellers expected to cover positions, which could lead to higher prices next week; https://www.prnewswire.com/news-releases/bitcoin-short-squeeze-puts-crypto-stocks-back-in-the-spotlight-301343968.html
7. Crypto's market cap has been green for 10 consecutive days; https://www.coingecko.com/en/global_charts

​

Edit: I am adding the following bullish news, thanks to u/itachiwriting/ and u/ProfessionalLion_/

In 5 days Ethereum will undergo its London Hard Fork upgrade; containing 5 improvement proposals that will optimize and improve the cryptocurrency; https://www.coindesk.com/ethereum-london-fork-launch-date-august

Germany plans to allow institutional funds to invest billions of dollars in crypto assets for the first time; https://www.bloomberg.com/news/articles/2021-07-30/germany-to-allow-institutional-funds-to-hold-up-to-20-in-crypto

Cardano grows closer to launching smart contracts with new testnet; Cardano smart contracts creep toward full launch

Submitted July 30, 2021 at 08:13PM by Amelie007 https://ift.tt/3lnqk8q https://ift.tt/2Z7cX2s

Daily Discussion, July 31, 2021

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.

Submitted July 31, 2021 at 12:04AM by rBitcoinMod https://ift.tt/2Vbkbl4 https://ift.tt/2Z7cX2s

Bank of America, Coinbase, FTX Invest in Paxos Series D Funding Round

Paxos, a blockchain services and tokenization firm has added Coinbase Ventures, FTX, Bank of America, and Founders Fund as backers in its Series D funding round that started last April. These institutions were listed as “strategic investors,” but the amounts of their contributions were not disclosed. Paxos has now raised more than $540 million in funding.

Bank of America, FTX, and Coinbase Invest in Paxos

Two leading cryptocurrency exchanges and the second-biggest U.S. bank invested in Paxos, a New York-based blockchain infrastructure firm that focuses on offering clearing and tokenization services to other traditional firms. Bank of America, FTX, and Coinbase participated as “strategic investors” in the latest Series D funding round that the company started last April.

The interest of Bank of America in the firm is not strange. The company included the bank in its Paxos Settlement services, a blockchain platform that allows third parties to settle equity transactions. But for it to invest in Paxos means that they see a future when blockchain technology is more present and used in conjunction with traditional financial institutions. About this, Paxos CEO Charles Cascarilla stated:

Paxos uses innovative technology to build the regulated infrastructure that will facilitate an open, accessible, and digital economy. We’re defining this space and are excited to grow our enterprise solutions besides these market leaders.

This Series D funding round also featured the participation of important investments from companies like Paypal Ventures and Mithril Capital, raising more than $300 million.

Stablecoin Controversy

The firm states it has an edge over other competing firms: the advantage of being a fully regulated platform, having obtained the New York State Department of Financial Services (NYDFS) issued Bitlicense in October 2020. Some of its customers are PayPal, Bank of America, Credit Suisse, Societe Generale, and Revolut.

Paxos is also the custodian and issuer of two stablecoins in the market: Binance USD and Paxos Standard. The company revealed the assets backing its stablecoins last week and had harsh criticism for other companies that don’t back their stablecoins 100% with cash or cash equivalents. Its CCO Dan Burstein called out these organizations stating no regulator would allow these behaviors.

Paxos is also interested in linking blockchain and traditional finance markets by itself. Last year, it received a Preliminary Conditional Approval for a US Bank Charter, from the Office of the Comptroller of the Currency (OCC), for running its own banking business.

What do you think about Paxos’ latest funding round? Tell us in the comment section below.

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Elaine Moore's fantasy dinner . . . Gertrude Stein, Dolly Parton and a bemused bitcoin creator

Gertrude Stein, Dolly Parton and a bemused bitcoin creator. 'We travel back to 1816, when the Mount Tambora volcano blocked the sun and there was ...

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Mastercard Has to Be in the Cryptocurrency Space, Says CEO

As cryptocurrency adoption enters a mainstream stage, traditional financial services platforms are trying to adapt to the changing financial ecosystem.

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Cryptocurrency billionaire 'buys $83m California mansion outfitted with two panic rooms'

Cryptocurrency billionaire 'buys $83m California mansion outfitted with two panic rooms'. Master bedroom reportedly grants access via retinol scanner.

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Bitcoin Shoots $42,000 As $45 Billion Asset Manager GoldenTree Starts Buying

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Submitted July 30, 2021 at 09:06PM by Dwez1337 https://ift.tt/3xpMLMZ https://ift.tt/2Z7cX2s

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Is BTC Pulling a 2013 on Us? (Some Hopium)

It's July of 2013. If you bought anywhere near the peak in April, things were looking pretty depressing, with losses as large as 70% and what seemed to be a slow, steady grind downward. A lot of people closed out their position, giving up. Here's the daily chart:

2013 BTC Chart to July

If you hung around 'till October, you got a few more months of crab movement. August showed some positive recovery, but at the start of October, everything dumped in a day. You're still down 70%-ish if you held from the peak, but emotionally, you might be even further down, because all the painstakingly slow recovery had dumped so quickly and you didn't have any confidence the next day wouldn't be worse.

2013 BTC chart to Oct

But if you waited another month, you would've caught a ride up 340% from the earlier peak! And if you bought any of that dip, you would be looking at 1400% growth. Look how tiny that April peak looks in retrospect!

2013 BTC chart to Nov

So next let's look at today's chart. I've left some blank space for your mind to fill in the hopium:

2021 BTC Chart with Blank Space for Hopium

Can you see the parabolic green line that could happen, like it did in 2013 (and 2017)? Do you see the hopium rocket primed for lift off? I know I'm not really saying anything new here, but thought it might be useful to look at the 2013 charts as if you were living them then, like you are now. In retrospect, to those who aren't a part of it, it looks so easy. Like you just punch a ticket and get rich. But when you're living through it with your money on the line, it's actually months of torment. You've gotten to experience the torment (2021 edition), don't miss out on the payoff.

And of course, usual disclaimers apply: this is not financial advice, do your own research, don't invest more than you can afford to lose, yadda yadda yadda.

Submitted July 30, 2021 at 08:19PM by SameThingHappened2Me https://ift.tt/3lfnh2f https://ift.tt/2Z7cX2s

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Elaine Moore's fantasy dinner . . . Gertrude Stein, Dolly Parton and a bemused bitcoin creator

Gertrude Stein, Dolly Parton and a bemused bitcoin creator. 'We travel back to 1816, when the Mount Tambora volcano blocked the sun and there was ...

from Google Alert - Bitcoin https://ift.tt/3zR5ORK

Mastercard Has to Be in the Cryptocurrency Space, Says CEO

As cryptocurrency adoption enters a mainstream stage, traditional financial services platforms are trying to adapt to the changing financial ecosystem.

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Cryptocurrency billionaire 'buys $83m California mansion outfitted with two panic rooms'

Cryptocurrency billionaire 'buys $83m California mansion outfitted with two panic rooms'. Master bedroom reportedly grants access via retinol scanner.

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Bitcoin Shoots $42,000 As $45 Billion Asset Manager GoldenTree Starts Buying

https://ift.tt/3jnmoST

Submitted July 30, 2021 at 09:06PM by Dwez1337 https://ift.tt/3xpMLMZ https://ift.tt/2Z7cX2s

Is BTC Pulling a 2013 on Us? (Some Hopium)

It's July of 2013. If you bought anywhere near the peak in April, things were looking pretty depressing, with losses as large as 70% and what seemed to be a slow, steady grind downward. A lot of people closed out their position, giving up. Here's the daily chart:

2013 BTC Chart to July

If you hung around 'till October, you got a few more months of crab movement. August showed some positive recovery, but at the start of October, everything dumped in a day. You're still down 70%-ish if you held from the peak, but emotionally, you might be even further down, because all the painstakingly slow recovery had dumped so quickly and you didn't have any confidence the next day wouldn't be worse.

2013 BTC chart to Oct

But if you waited another month, you would've caught a ride up 340% from the earlier peak! And if you bought any of that dip, you would be looking at 1400% growth. Look how tiny that April peak looks in retrospect!

2013 BTC chart to Nov

So next let's look at today's chart. I've left some blank space for your mind to fill in the hopium:

2021 BTC Chart with Blank Space for Hopium

Can you see the parabolic green line that could happen, like it did in 2013 (and 2017)? Do you see the hopium rocket primed for lift off? I know I'm not really saying anything new here, but thought it might be useful to look at the 2013 charts as if you were living them then, like you are now. In retrospect, to those who aren't a part of it, it looks so easy. Like you just punch a ticket and get rich. But when you're living through it with your money on the line, it's actually months of torment. You've gotten to experience the torment (2021 edition), don't miss out on the payoff.

And of course, usual disclaimers apply: this is not financial advice, do your own research, don't invest more than you can afford to lose, yadda yadda yadda.

Submitted July 30, 2021 at 08:19PM by SameThingHappened2Me https://ift.tt/3lfnh2f https://ift.tt/2Z7cX2s

Are Experts Right to Say Bitcoin Will Eventually Replace Fiat Currency?

Could Bitcoin become the world's dominant currency within the next 5, 10 or 100 years? And if hyperbitcoinization does occur, will a single Bitcoin be ...

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Top cryptocurrency news on July 30: Vauld raises money from Peter Thiel fund, and other major ...

Cryptocurrency prices continue to be a mix of red and green on July 30. The global cryptocurrency market cap is $1.58 trillion, a 2.81 percent increase ...

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If you own any cryptocurrency, there's a secret tax loophole that can save you thousands

Recent weeks have seen a flurry of cryptocurrency news, from Tesla announcing just a few days ago that it's still holding $1.3 billion worth of bitcoin ...

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Newegg pioneers acceptance of high-speed cryptocurrency

Newegg is building on its early adopter status in the cryptocurrency realm by preparing to accept Litecoin. The online consumer electronics retailer, ...

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The US government has seized and sold $7.2 billion worth of #Bitcoin since 2014. BuT bItCoIn HaS nO vAlUe :)

The US government has seized and sold $7.2 billion worth of #Bitcoin📷 since 2014. BuT bItCoIn HaS nO vAlUe

Submitted July 29, 2021 at 09:26PM by sezeras8172 https://ift.tt/3A4o6PN https://ift.tt/2Z7cX2s

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Binance Will Initiate the Bitcoin Cash ABC (BCHA) Rebrand to eCash (XEC) & Redenomination ...

Fellow Binancians, Binance will initiate the Bitcoin Cash ABC (BCHA) rebranding & redenomination plan. Further details are shown below: At ...

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The Balls This Man Has: Found this article from 2016. He elected to get paid in Bitcoins since it was $20-$30ea

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Submitted July 29, 2021 at 10:36PM by Some1fromReddit https://ift.tt/3fbSZJL https://ift.tt/2Z7cX2s

Bitcoin Energy FUD is the most rediculous counterargument when you consider the global entertainment industry literally wastes energy for fun!

Bitcoin has always had one of the most profound and libertarian objectives in history. The noncommercial, open and decentralised financial liberation of a global network of individual human beings.

The cryptosphere and it's industry generally share this same noble ideology.

There is a definitive point, objective and use case for crypto and therefore a clear justification for its energy usage.

Yet at every turn these days mainstream media and governments seem to take every opportunity to FUD Bitcoin and Crypto over energy.

But wait a fucking second....

If we're going to start questioning and pointing fingers at the carbon footprints of industry..

Apart of self gratification... what the fuck is the point of the adult entertainment industry? Think how much coal is burned to produce that money shot!.... and for what.. to help someone beat one out.

The Gambling Industry? Think of all those website, machines, lotteries, sports and even entire cities like Vegas and how much needless/ pointless energy they sap from the grid every year... and for what?!?

It continues....

The gaming industry, the sport industry, the movie industry, the fashion industry, the music industry, the art industry, the TV and Broadcasting Industry, the advertising industry... the list goes on and fucking on.

Crypto was never about recreational fun and entertainment.. it has always had a serious objective other than for our own personal entertainment and gratification.

So if eco warriors are going to ignorantly start pointing their green fingers at Bitcoin and crypto.. then they need to realise that when you point a finger.. three fingers tend to actually be pointing right back at you!

The blatent hippocracy of mainstream medias Energy fud is abhorrently rediculous and it's definitely time they stopped throwing stones in their glasshouses.

Submitted July 29, 2021 at 08:27PM by jam-hay https://ift.tt/3lcvPai https://ift.tt/2Z7cX2s

Daily Discussion, July 30, 2021

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Submitted July 30, 2021 at 12:06AM by rBitcoinMod https://ift.tt/3f7WT6n https://ift.tt/2Z7cX2s

What Is Cryptocurrency? Everything You Need to Know About Bitcoin, Ether, Dogecoin and More

The Most Popular Cryptocurrencies? The top five crypto coins according to their market capitalisation are: Bitcoin; Ethereum; Tether; Binance Coin; and ...

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IMF Bahamas Digital Currency Bitcoin

The digital currency revolution is opening new opportunities, but regulators and the public need to manage new risks and threats IMF Managing ...

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Are Experts Right to Say Bitcoin Will Eventually Replace Fiat Currency?

Could Bitcoin become the world's dominant currency within the next 5, 10 or 100 years? And if hyperbitcoinization does occur, will a single Bitcoin be ...

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Top cryptocurrency news on July 30: Vauld raises money from Peter Thiel fund, and other major ...

Cryptocurrency prices continue to be a mix of red and green on July 30. The global cryptocurrency market cap is $1.58 trillion, a 2.81 percent increase ...

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If you own any cryptocurrency, there's a secret tax loophole that can save you thousands

Recent weeks have seen a flurry of cryptocurrency news, from Tesla announcing just a few days ago that it's still holding $1.3 billion worth of bitcoin ...

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Newegg pioneers acceptance of high-speed cryptocurrency

Newegg is building on its early adopter status in the cryptocurrency realm by preparing to accept Litecoin. The online consumer electronics retailer, ...

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The US government has seized and sold $7.2 billion worth of #Bitcoin since 2014. BuT bItCoIn HaS nO vAlUe :)

The US government has seized and sold $7.2 billion worth of #Bitcoin📷 since 2014. BuT bItCoIn HaS nO vAlUe

Submitted July 29, 2021 at 09:26PM by sezeras8172 https://ift.tt/3A4o6PN https://ift.tt/2Z7cX2s

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What Is Cryptocurrency? Everything You Need to Know About Bitcoin, Ether, Dogecoin and More

The Most Popular Cryptocurrencies? The top five crypto coins according to their market capitalisation are: Bitcoin; Ethereum; Tether; Binance Coin; and ...

from Google Alert - Bitcoin https://ift.tt/3fdqr2F

IMF Bahamas Digital Currency Bitcoin

The digital currency revolution is opening new opportunities, but regulators and the public need to manage new risks and threats IMF Managing ...

from Google Alert - Bitcoin https://ift.tt/2VnBeA4

Are Experts Right to Say Bitcoin Will Eventually Replace Fiat Currency?

Could Bitcoin become the world's dominant currency within the next 5, 10 or 100 years? And if hyperbitcoinization does occur, will a single Bitcoin be ...

from Google Alert - Bitcoin https://ift.tt/3zOXOAH

Top cryptocurrency news on July 30: Vauld raises money from Peter Thiel fund, and other major ...

Cryptocurrency prices continue to be a mix of red and green on July 30. The global cryptocurrency market cap is $1.58 trillion, a 2.81 percent increase ...

from #Bitcoinmovement https://ift.tt/3j2OP8f
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If you own any cryptocurrency, there's a secret tax loophole that can save you thousands

Recent weeks have seen a flurry of cryptocurrency news, from Tesla announcing just a few days ago that it's still holding $1.3 billion worth of bitcoin ...

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Newegg pioneers acceptance of high-speed cryptocurrency

Newegg is building on its early adopter status in the cryptocurrency realm by preparing to accept Litecoin. The online consumer electronics retailer, ...

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The US government has seized and sold $7.2 billion worth of #Bitcoin since 2014. BuT bItCoIn HaS nO vAlUe :)

The US government has seized and sold $7.2 billion worth of #Bitcoin📷 since 2014. BuT bItCoIn HaS nO vAlUe

Submitted July 29, 2021 at 09:26PM by sezeras8172 https://ift.tt/3A4o6PN https://ift.tt/2Z7cX2s

The Crypto Millions Lotto operates solely in Bitcoin, and allows players to participate in a number of international lotteries—and is available from 180 countries.

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Submitted July 28, 2021 at 10:19PM by Dependent_Advisor https://ift.tt/2UZ65Ds https://ift.tt/2Z7cX2s

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Daily Discussion, July 29, 2021

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.

Submitted July 29, 2021 at 12:06AM by rBitcoinMod https://ift.tt/3zJUBT2 https://ift.tt/2Z7cX2s

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El Salvador adopts Bitcoin as official currency on Sep 7 2021

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Submitted July 28, 2021 at 10:06PM by AmbitiousEmack https://ift.tt/2UTRWaK https://ift.tt/2Z7cX2s

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Bitboy has been permanently banned from Youtube.

https://www.youtube.com/results?search_query=bitboy

Submitted July 28, 2021 at 10:28PM by operator139 https://ift.tt/3zPkNvk https://ift.tt/2Z7cX2s

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It’s amazing how people get soooo concerned about the waste from Bitcoin, then turn around and watch the Olympics where they build massive structure they use for a few weeks then rot forever.

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Submitted July 28, 2021 at 10:47PM by KeepingItSFW https://ift.tt/3f8dyHj https://ift.tt/2Z7cX2s

Up to $40,000 again!

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Submitted July 29, 2021 at 12:55AM by JRFX_Official https://ift.tt/3id3Ghn https://ift.tt/2Z7cX2s

Bitcoin Rewards Firm Lolli Raises $10M in Funding Led by Acrew Capital, Social Media Moguls

The bitcoin rewards platform Lolli has announced the company has closed a $10 million Series A funding round on Wednesday. Lolli says the new financing will help the firm expand, hire and develop new partnerships.

Lolli Raises $10 Million

The New York-based Lolli has raised $10 million from investors, according to the company’s announcement on July 28. The company said that the Series A was led by Acrew Capital, Banana Capital, Up North Management, and Animal Capital.

The venture capital company Animal was founded by social media moguls Noah Beck, Josh Richards, and Griffin Johnson. Lolli further detailed that investors like Baron Davis, Kenny Beecham, Logan Paul, and Chantel Jeffries participated as well.

The CTO and co-founder of Lolli, Matt Senter, said that Acrew Capital’s investment shows the company understands that bitcoin-based businesses are blossoming.

“Acrew’s sizable bet on Lolli says two things: bitcoin business is booming, and as the original bitcoin rewards platform, Lolli has the best team to increase adoption in the long run,” Senter said in a statement. The Series A funding will be used to expand the firm, recruit new employees, and “further development of the recently launched mobile app.”

Tiktok star and social media giant Josh Richards and the Youtuber and entrepreneur, Logan Paul, also discussed the Lolli investment. “I’m thrilled to be investing and helping to fuel the growth of a company that allows users to earn and learn about this new asset class,” Youtube star Logan Paul said on Wednesday. Josh Richards said that his firm Animal Capital believes in companies that are embracing the modern age. Richards remarked during the announcement:

At Animal Capital, we believe in companies that are meeting modern users where they are – by bringing opportunities to invest in bitcoin to shoppers of all ages, Lolli is poised to transform the way that people, especially young shoppers, think about investing.

Lolli’s Competition, Review Score, and Drawbacks

Lolli isn’t the only service that offers crypto rewards these days for shopping, and the app competes with pre-paid crypto cards like Blockfi’s and Crypto.com’s Visa cards. The company was recently reviewed on July 13 by bitcompare.net’s Dean Fankhauser and achieved a score of 4.5 out of 5. Fankhauser’s review is fairly comprehensive but mentions some drawbacks tied to Lolli’s application.

“You’ll need to wait between 30 and 90 days before seeing any actual earnings from the app,” Fankhauser writes. “Considering how small these earnings are, that’s a long time to wait for an online shopping reward.”

The review also says that “returning items on which you’ve already earned bitcoin rewards can also muddy the waters of the system.” In contrast, Crypto.com’s wait time for crypto rewards on pre-paid crypto debit purchases is negligible because the crypto rewards are instant.

What do you think about Lolli raising $10 million from investors in a Series A funding round? Let us know what you think about this subject in the comments section below.

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