It’s All About Crypto Blog
Another day, another exploit
Once again, an exploit has led to stolen crypto — this time on the Abstract blockchain. My first thought, as usual, was relief that I keep most of my savings in Bitcoin — which I’ve always considered far more secure than other cryptocurrencies. However, the developers of Abstract clarified that the breach was not due to...
Trump Token Airdrop Announced for Brand Merchandise Buyers
The developers of the Official Trump meme token have announced an airdrop of these tokens to all purchasers of Trump-branded watches, perfumes, sneakers, or digital collectible cards. Anyone who made any purchase before February 15 will receive 3 $TRUMP tokens. In the crypto community, such distributions are commonly called retrodrops. In retrodrops, token rewards are given to those...
When Bitcoin ETFs Protect You From Yourself
PlanB, a well-known Bitcoin advocate, has announced that he sold his Bitcoin holdings in favor of Bitcoin ETF shares. As you probably know, ETFs have nothing in common with Bitcoin except the price. It's surprising to see someone who understands Bitcoin well suddenly act as if price is all that matters. PlanB justified his decision by saying he didn't want to worry...
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...
