Autor Cointelegraph By Marco Castrovilli

The Merge is Ethereum’s chance to take over Bitcoin, researcher says

The Merge is Ethereum’s chance to take over Bitcoin, researcher says

Uverejnil používateľ | júl 24, 2022 |

Ethereum researcher, Vivek Raman, is convinced that Ethereum’s (ETH) upcoming transition to a proof-of-stake system will enable it to take over Bitcoin’s (BTC) position as the most prominent cryptocurrency.”Ethereum does have, just from an economic perspective and because of the effect of the supply shock, a chance to flip Bitcoin,” said Raman in an exclusive interview with Cointelegraph. [embedded content]The Merge, a long-awaited upgrade that will complete Ethereum’s transition from a proof-of-work to a proof-of-stake system, is set to take place in September. In addition, The Merge will transform Ethereum’s monetary policy, making the network more environmentally sustainable and reducing ETH’s total supply by 90%. “After The Merge, Ethereum will have lower inflation than Bitcoin. Especially with fee burns, Ethereum will be deflationary while Bitcoin will always be inflationary. Although, with every halving, the inflation rate goes down,” pointed out Raman. While Bitcoin will retain its function as digital gold, according to Raman, Ethereum will still have “a larger adoption space” as the base layer of the decentralized finance (DeFi) economy. The Merge won’t reduce Ethereum’s high transaction fees, which is still the main issue preventing Ethereum from scaling. That is not an issue, according to Raman, as Ethereum will rely on layer2 scaling solutions to support most users’ activity. “Users need to learn that all of their activities should be on layer 2 and then layer 2s ultimately will use Ethereum as a base layer 1 for settlement and security and decentralization.”Check out the full interview on our YouTube channel and don’t forget to subscribe!

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Despite 'worst bear market ever,' Bitcoin has become more resilient, Glassnode analyst says

Despite 'worst bear market ever,' Bitcoin has become more resilient, Glassnode analyst says

Uverejnil používateľ | júl 11, 2022 |

While the current bear market may be the worst on record, on-chain metrics signal that the Bitcoin (BTC) network is becoming increasingly resilient, said Glassnode analyst James Check during a recent interview with Cointelegraph. In particular, Check refers to the amount of Bitcoin holders who don’t sell even in extreme market conditions, which has become much higher than in previous bear markets. “Cycle after cycle, that floor of hodlers is higher, the amount of activity is higher,” Check said. Check also points out that shrimps, the entities who hold less than one Bitcoin, are accumulating at a record pace, surpassing the levels of the 2017 bull market’s peak. “The shrimp are essentially seeing this is a an immense period of value,” he explained. Check out the full interview on our YouTube channel and don’t forget to subscribe!

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Swan Bitcoin CEO against crypto lenders: Users are way under-compensated for the risk

Swan Bitcoin CEO against crypto lenders: Users are way under-compensated for the risk

Uverejnil používateľ | jún 23, 2022 |

Swan Bitcoin CEO Cory Klippsten believes that the liquidity crisis involving Celsius Network may be just the beginning of a broader collapse in the crypto lending space. “It doesn’t matter if you’re an amazing CeFi lending platform, taking these retail deposits and lending them out the back end and giving them yield, or a terrible one, they’re all going to get kind of dragged down,” Klippsten said in an exclusive interview with Cointelegraph. Celsius, a leading crypto lending platform, halted withdrawals earlier this month, citing “extreme market conditions.” Since then, other crypto firms, including Babel Finance and Three Arrow Capital, have experienced liquidity issues. [embedded content]Klippsten, a hardcore Bitcoin (BTC) maximalist, has been a vocal critic of centralized lending platforms such as Celsius. “Their loan books are opaque, their activities are opaque. […] You’re being way under-compensated for the risk,” he explained.  Klippsten is quite skeptical that Celsius will be able to fully compensate users who are currently unable to access their funds on the platform.“It’s going to be a fight over the scraps, unfortunately, for a number of years,” he predicted. Klippsten describes Celius as a particularly stark case of bad risk management, pointing out that similar business practices are common in the space and they will be soon targeted by regulators. Don’t miss the full interview on our YouTube channel and don’t forget to subscribe!

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Why the crypto market crash may play in Bitcoin's favour

Why the crypto market crash may play in Bitcoin's favour

Uverejnil používateľ | jún 20, 2022 |

Natalie Brunell, the host of Coin Stories podcast, thinks that the recent incidents involving Terra (LUNA, now rebranded LUNC) and Celsius (CELH) and the following market sell-off will lead to regulatory action that will likely favor Bitcoin (BTC) over the rest of cryptocurrency. “I’m going to be watching for regulation developments, just signifying that Bitcoin is a digital property and that maybe there’s more fair accounting that can be done to allow institutions to invest,” she said in her latest interview with Cointelegraph. “And the other cryptocurrencies, I think will be deemed securities,” she continued. Brunell defines herself as a Bitcoin maximalist and therefore sees Bitcoin as a fundamentally different asset class from the rest of crypto, mainly because of its trustlessness nature. “I see it [Bitcoin] as digital property, as a savings technology, and that’s why I focus my energy on that,” she pointed out, adding that other cryptocurrencies are much more vulnerable to third-party risks. “I have to worry about: who’s creating them [altcoins], who’s expanding the supply, who might be hired or fired, what experiment are they trying?”  After a brilliant career in journalism, Natalie went full-time in crypto after discovering Bitcoin. She then  launched the Coin Stories podcast, where she interviews the leading voices of the crypto industry. Don’t miss the full interview on our YouTube channel and don’t forget to subscribe!

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Binance’s CZ says he is ‘skeptical’ about the Terra relaunch

Binance’s CZ says he is ‘skeptical’ about the Terra relaunch

Uverejnil používateľ | jún 1, 2022 |

Binance CEO Changpeng Zhao, also known as CZ, expressed skepticism around the revival plan for the Terra ecosystem and the launch of the new LUNA token.“I try not to predict what the community will do. […] Many are skeptical. I’m one of those guys,” said CZ in an exclusive interview with Cointelegraph.Following the collapse of TerraUSD (USD), the Terra ecosystem’s stablecoin, CZ criticized its team for not handling the crisis properly and pointed at the project’s flaws that led to the crash. Still, Binance is now actively participating in Terra’s revival plan by hosting the airdrop of its new LUNA token. As CZ pointed out, despite the widespread skepticism around the Terra relaunch, Binance has a responsibility to help users affected by the crash of LUNA.“We still need to ensure continuity of people’s access to liquidity. […] We have to support the revival plan hoping that it may work,” he explained. According to CZ, the Terra fiasco should serve as a warning to projects that rely on unsustainable business models based on “aggressive incentives.”As he pointed out, crypto projects such as Terra offer high yields to attract people in the hopes that once there are enough users, they will become profitable. “We should really look at them in a fundamental way to measure that more revenue, more income is generated than just an incentive payout,” CZ pointed out. Check out the full interview on Cointelegraph’s YouTube channel, and don’t forget to subscribe!

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