Bankless ROLLUP: SEC Staking Krakdown | $BLUR Airdrop | SBF’s Bailout Money Source | Ordinals Still Growing
Feb 17, 2023
This week, major developments in cryptocurrency are front and center, particularly the SEC's crackdown on Kraken's staking services. The $BLUR airdrop creates buzz as its market impact unfolds. The episode explores the evolving landscape of Bitcoin and Ethereum amidst rising inflation, contradicting stereotypes about crypto's illicit use. Regulatory challenges are scrutinized, with a focus on the SEC's authoritarian approach. Also discussed are exciting innovations like Shopify's integration with Ethereum and the competitive rise of alternative blockchain networks.
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ETH Deflation
- Ether is deflationary due to EIP 1559 and proof-of-stake, making it scarcer than Bitcoin.
- This deflationary aspect is attractive to investors seeking sound money.
Bitcoin Halving Cycle
- Bitcoin's price historically rises in the period leading up to a halving event.
- This pattern suggests a potential upward trend for Bitcoin's price in the coming months.
Crypto Illicit Activity
- Only 0.24% of cryptocurrency transactions are illicit, according to Chainalysis.
- This percentage is significantly lower than that of cash transactions.