The ethos of crypto is built on open source development principles that believe failure is essential to transformative growth — from columns and interviews published this week, we’ve handpicked 10 books to read on Sunday.
Goodbye Bitcoin Bear Market
The 2022-2023 Bitcoin (BTC) bear market was tough. As someone who held bitcoin during the 2018-2019 bear market, this one was just as painful, albeit a little shorter and the drop less dramatic than the last.
The fact that the investment amount was larger this time may have been the reason why I felt the difficulty. Or maybe it’s because the mainstream media’s hopes for more factual reporting have been dashed. …read more
Enjoy the final “Crypto Asset Winter”
Are you wearing skis? I want you to wear it firmly and enjoy it. It will be the last “crypto asset winter”. There have been a couple of “crypto winters” before, but this one was the worst and most frustrating.
Thankfully, this is going to be my last winter. The reason is that crypto assets and blockchain are becoming a regulated business as usual. …read more
US CoinDesk 10th Anniversary: What I Learned from 10 Years of Cryptocurrency History
We journalists are in a privileged position. As the saying goes, you can write the first page of history.
I’ve never felt that more than in my career at CoinDesk. After a decade of reporting on the trends and ups and downs of the cryptocurrency and blockchain economy, the world still feels fresh and stranger every day. Many more stories will be born in the future. …read more
Viewing and protecting Ethereum as a “public good”[Opinion]
Although the term “public goods” itself dates back to pre-modern times, the first solid framework for defining public goods was created in the 1950s. First economist Paul Samuelson and then fellow economist Richard Musgrave established definitions of terms that are still in common use today, such as “non-rival” and “non-excludable.”
Examples of public goods include clean air, parks, roads, and national security. …read more
“BRC-20 Token” on the Rise, Its Possibilities and Risks
A new wave of excitement is emerging in crypto-assets. The so-called “BRC-20 tokens” are new tokens deployed on the Bitcoin blockchain, some of which are starting to make big moves in the market. The BRC-20 standard, announced in March by a developer known online as “Domo,” has many interesting possibilities.
Tokens on the Bitcoin blockchain are by no means a new idea. In fact, an early experimental effort, “colored coins,” aimed to do something similar. …read more
Bitcoin and the changing definition of “safe”
There are very few situations in our daily life that make us think about Maslow’s Hierarchy of Needs. It is a triangle with five layers of desires that humans seek for success. But when the desires at the bottom are not satisfied, it immediately becomes worrisome.
Incidentally, it is well known that many scholars do not agree with Maslow’s views, and that Maslow himself did not represent the pyramid. …read more
Web3 development should proceed with Bitcoin
Fundamental debates in the Bitcoin community have revived with the emergence of Bitcoin Ordinals. The debate is whether or not to develop on the Bitcoin blockchain.
Developing new applications on the Bitcoin blockchain will benefit from leveraging the most secure, resilient and liquid network available for Web3 development. …read more
The Importance of Technical Analysis in Crypto Assets
Some consider technical analysis (TA) to be a solid tool based on asset prices. Others, on the other hand, see no need to pay attention to it at all, given that it is nothing more than lines on the screen and self-fulfilling prophecies.
Working in the TradFi (traditional finance) world, I often thought of the latter. …read more
Fractional reserve banking is a fraud (but a genius)
The failure and bailout of First Republic Bank, the second largest bankruptcy in US history, has raised serious questions about the solvency and liquidity of the global banking system.
Banks are supposed to be boring but honest businesses. Customers can deposit money in their bank accounts for safe keeping and withdraw whenever they want. And for the most part the system works. …read more
Prime Minister Kishida Visits Kenya: Crypto Assets and US Stock Trading Increases Due to Fiscal Uncertainty, Government Serious about Crypto Taxation
Kenya, which Prime Minister Kishida visited this month, is one of the major powers driving the economy of the African continent. Among the middle class and the wealthy class, there is a noticeable movement to exchange for such. Within the Kenyan government, discussions are in full swing with a view to regulation of crypto-asset transactions and the establishment of a new tax system. …read more
｜Text and editing: coindesk JAPAN editorial department