Crypto Biz: The Rise of the Bitcoin Treasury, Dec. 30-Jan. 6

Michael Saylor’s MicroStrategy showed corporations that holding Bitcoin on their balance sheet is a viable strategy to hedge against inflation. The price of Bitcoin (BTC) cratered below $43,000 on Thursday in a selloff that was stoked by the Federal Reserve’s renewed pledge to start unwinding its pandemic stimulus support. For …

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Here’s why Bitcoin traders say a drop to $38K is the worst case scenario

BTC’s drop to $42,230 sent a key sentiment indicator to an “extreme” low, but top traders are confident that a bounce off $38,000 would confirm the bottom. The fallout from the Federal Reserve’s recent hawkish comments about raising interest rates as soon as March continued to weigh heavily on the cryptocurrency …

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Human Rights Foundation to grant 425M satoshis as part of its Bitcoin Development Fund

Various educational and developmental Bitcoin projects from around the world have now been granted funding, according to the Foundation. The Human Rights Foundation announced on Tuesday that it intends to distribute 425 million satoshis — the smallest divisible unit of a Bitcoin — to various contributors as a part of …

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Why the New York Times is buying the Athletic

Daniel Slim/AFP via Getty Images A big bet with real risk and reward. The New York Times wants more subscribers. The Athletic has lots of subscribers but loses money. So there’s your two-sentence explanation of why the Times is paying $550 million in cash for the Athletic, the five-year-old sports …

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Autonomy’s AutoSwap Brings Limits, Stop Losses and More to BSC DEXs

Autonomy Network, an off-the-shelf decentralized automation protocol, has launched AutoSwap, the first ever dApp to offer limit order, stop loss, impermanent loss protection, and recurring payment features for Binance Smart Chain-based DEXes such as PancakeSwap. The dApp will also be available on Ethereum, Polygon, Avalanche, Solana and other chains. It’s …

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Comedian Stephen Colbert spoofs ‘Colbert Coin’ in response to rise in crypto scams

“We’re busy turning your cash into future money — to the moon, apes!” said the Late Show host. Stephen Colbert, the charismatic host of CBS’ The Late Show, is once again associating many cryptocurrencies with scams — but doing so by parodying the vernacular of a seasoned HODLer. In a …

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Oracle tokens turn bullish as blockchain projects focus on interoperability

Oracle projects like LINK, BAND and TRB are seeing bullish momentum as crypto startups intensify their focus on interoperability in 2022. 2022 looks to be a transformative year for the cryptocurrency ecosystem as the focus on interoperability between siloed blockchain networks comes to the forefront and a multitude of projects …

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Bitcoin could outperform stocks in 2022 amid Fed tightening — Bloomberg analyst

The FOMC minutes on Wednesday revealed that policymakers intend to step up their fight against inflation in 2022. The Federal Reserve’s signaling for tighter monetary policy in 2022 could provide short-term headwinds for risk assets such as stocks and cryptocurrency, but there’s a good chance that Bitcoin (BTC) still comes …

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Dapper Labs becomes the first NFT company to register to lobby with the US government

New implications on the future crypto policies arise as Dapper labs brings NFTs to the conversation. Based in Vancouver, Dapper Labs offers a variety of NFT based products and dapps. These include games like CryptoKitties, where players can breed and raise NFT kittens, and Cheeze Wizards, a tournament series where …

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NYC mayor getting paid in Bitcoin suggests buying the dip

Should Eric Adams accept his first three paychecks in Bitcoin, he would likely acquire more than 1 BTC following the price drop to $42,948. Newly sworn-in New York City Mayor Eric Adams is already using his influence to publicly speak about buying the recent Bitcoin dip. In a Thursday interview …

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