The Wolf Den #456 - Free Crypto Tools
Bitcoin Thoughts And Analysis
I would love to be sharing endless Bitcoin analysis and tons of promising charts, but the market is not giving anything worth sharing. I am struggling to find a reason to look at a single chart at the moment.
WEEKLY CHART
The week is just getting started, but we are already seeing sellers step in and pushing price down. Every attempted move up is met with strong resistance, this time predictable around $39,600.
You know the levels, there is nothing to do now but wait.
We Have Come A Long Way
This tweet offers an incredible summary of the progress made in the crypto space over the past year. These are improvements that don't necessarily garner millions of clicks or gain mainstream media attention, but are the very definition of progress. If you are feeling down about the current state of the market, just take a look at this. It's truly incredible how far we have come. Let this be your proof.
Bitcoin Narrowly Avoids EU Ban
A major attack on proof-of-work mining in the EU was narrowly avoided. Over the weekend, the EU was preparing to vote on a major bill regarding digital assets. Initially included was a provision directly targeting proof-of-work mining as an environmental concern, although this specific provision was removed on Monday morning. If passed, it would have quickly been the end of mining in the EU. This wasn't the first time this provision was snuck into a bill or discussed - it was actually being bounced around for the past few months by regulators. Luckily, the European Parliament made the right decision, but this isn't the end of it. According to Bitcoin Magazine, still up in the air is “transparency and disclosure requirements for the issuance of cryptocurrency, authorization, and supervision of related service providers, and consumer protection rules.” The battle was won, but the war is far from over.
PayPal CEO Praises Crypto
Major companies at the intersection of finance and tech are faced with a hard decision: adapt or die. Crypto technology is an undeniable competitor to payment systems. Dan Schulman had this to say in an interview yesterday:
I think the initial things that everyone thinks about Crypto, buying and selling it, and what the price of bitcoin is going to be tomorrow, that’s the least interesting part about digital currencies to me. That is thinking about digital currencies as an asset class. To me, the real exciting thing about digital currencies is what kind of utility can they provide in payments.
The intersection between CBDC, stable coins, digital wallets, and enhanced utility of payments through cryptocurrencies is not just fascinating but I think will redefine a lot of the financial world going forward.
The Wolf Of All Streets Podcast Ft. Sam Williams
The Russia/Ukraine crisis has prompted floods of misinformation across the web. With social media platforms like Instagram and TikTok, it’s become more and more difficult to break through the cloud of misinformation and fake news. Sam Williams is tackling this head on through the creation of the permaweb. The Founder and CEO of Arweave (https://www.arweave.org/) has built a collectively owned, permanent hard drive to prevent anyone from rewriting history ever again. On this episode, Sam joins host Scott Melker to discuss the importance of archiving fake news, the endless opportunities of decentralized data, and the future of decentralized social media.
In this episode with Sam Williams, we discussed:
Welcome to The Wolf of All Streets
Our guest Sam Williams and his company Arweave
Fake news: an important historical archive
Why centralized data is limiting
Data collection practices
The crisis in Ukraine
The transition of Web from concrete knowledge to open data “lakes”
Extracting the truth
Personal data management on the permaweb
The endless opportunities of decentralized data
The future of decentralized social media
Blockchain's ability to align incentives between group and individual
Sam’s 10 year predictions
Do centralized systems ever win?
Follow Sam and Arweave
This episode is sponsored by: 101 Management Inc
My Recommended Platforms And Tools
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The views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this e-mail constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to "Buy," "Sell," or "Hold" an investment.