It’s All About Crypto Blog
Why Bitcoin Hasn’t Become a Popular Payment Method
When someone “buries” Bitcoin, a common argument is that over 16 years, Bitcoin has failed to establish itself as a widely used payment method. And this is true. Why do so few people pay with Bitcoin, and does this mean Bitcoin has failed? WHAT DOES AN ASSET NEED TO BECOME A PAYMENT METHOD? In countries where barter...
The Anatomy of Meme Token Prices
What determines the price of meme tokens? First, attention. Second, the belief that the token will continue to attract attention. When we post memes on social media, attention translates into likes. But when we launch tokens on specialized meme token platforms, attention manifests as purchases. People are willing to trade real-value cryptocurrency for meme tokens...
Bitcoin Wallet Strategy: Why Less Means More
Analytics from Santiment have observed a significant decrease in the number of non-empty addresses on the Bitcoin network. They attribute this to small holders liquidating their assets out of fear. Santiment compares Bitcoin to Ethereum and Ripple, noting that these two cryptocurrencies are showing the opposite trend. However, I believe Santiment's interpretation is incorrect: * In Ethereum and Ripple...
BTC-e Founder Free, But Customer Funds Still Locked Away
Alexander Vinnik, the founder of the BTC-e exchange, has returned home today after being released from a U.S. prison. Some might not remember BTC-e today, but its historical significance shouldn't be overlooked. When CoinDesk made its first-ever attempt to establish a reliable source for the Bitcoin market rate in September 2013, it based its index on...
MCN Coin still trading after founders' arrest
The crypto market madness continues. Have you ever heard of MCN Coin? I guess not. This token has been around for about a year and a half, but there was never anything particularly remarkable about it. Still, until recently, you could exchange it for thousands of other cryptocurrencies on rabbit.io. Recently, Central Asian media outlets started publishing reports accusing...
Why Bitcoin's Dominance Isn't a Bubble
Since the fall of 2024, I've seen discussions about Bitcoin's market dominance becoming excessively high, with some calling it a bubble about to burst. This has always puzzled me. The current dominance of around 65% is actually close to Bitcoin's historical average in the crypto market. Check out the latest NYDIG chart and see for yourself. We're...
What’s wrong with Kanye West’s crypto scam screenshot
You know what bothers me about the screenshot Kanye West shared about crypto scams? The last sentence. For those who missed it: * Kanye posted a screenshot of a conversation where someone offered him $2 million to promote a scam token. * It’s a classic scheme: “Hey, I’m Kanye, buy my token” (pretty much like what the president of the Central African Republic did yesterday with...
How a Web Wallet Outperformed Hardware Security
After publishing the article “AML Terrorism” (if you haven’t read it yet — do so, you won’t regret it), a user contacted the support team at rabbit.io with a question about how to mark cryptocurrency as stolen in AML systems. When we asked what happened, our correspondent shared a very sad story about being robbed. I won’t recount all...
Why Traders Keep Bitcoin Off Exchanges Now
The CryptoQuant chart tracking Bitcoin reserves on exchanges shows a consistent decline, which has become particularly steep since 2023. Conventional wisdom interprets declining exchange reserves as a sign of accumulation, suggesting that holders are reluctant to sell their coins. Following this logic, reduced supply should lead to price appreciation. But here's an interesting perspective:...
ASYM AI Trader's Secret Stats
Remember when I recently told you about ASYM, the AI trading agent that posts its crypto trading results on X? At the time, I noted that the developers refused to disclose the address this AI agent uses for trading. However, some enthusiasts in a private Telegram chat managed to track down what appears to be one of its addresses:...
