Web3 Watch: EthCC attendees ask: “Where are the apps?”

This week, crypto descended on Brussels for EthCC.

Given that Ethereum popularized smart contracts and was the home of NFTs during the space’s 2021 craze, it seems like consumer applications could have been prominently featured at the yearly Ethereum gathering. But some attendees felt that apps were too muted at the conference — and that crypto’s infrastructure era has overstayed its welcome.

The social lead of the Milk Road newsletter wrote that it “[f]eels like we’ve come to a consensus that we don’t need more infra. We just need usable apps.”

2077 Collective director Emmanuel Awosika said “one of those things I’m excited about is people finally (!) acknowledging…

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All fraud will eventually be ‘crypto fraud.’ And that’s okay.

They say a hallmark of a mania is the rapid rise in the rate of fraud. 

The exact same can be said of crypto adoption. In fact, fraud is inevitable.

Normie media is ablaze with the latest in crypto-tinged true crime. An online pastor in Colorado dumped a worthless token on his flock, screwing them out of millions of dollars because “God told him to.”

It’s the sort of Schadenfreude that just rolls off the tongue to coalesce as viral internet traffic. Hence the rush from dozens of outlets in all different languages to run with their own quirky headlines, including the Washington Post.

But this sad tale is not a crypto story. It’s a simple fraud story posing as commentary about…

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Running the Gauntlet

This article is featured in Bitcoin Magazine’s “The Halving Issue”. Click here to get your Annual Bitcoin Magazine Subscription.

Halvings are always looked at as seminal events, a demarking of the end of one era and the beginning of a new one. In the same way that Americans come out of the woodwork to clamor over the new set of presidential candidates in the election cycle, Bitcoiners come flooding out to celebrate the successes of the past block reward epoch and look forward to the possible successes of the next.

I would argue that this halving, it is imperative to do the exact opposite of that in regards to the mining ecosystem. We should be deeply concerned with the potential of…

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Trump Bitcoin Views | Could He Become a Bitcoin Maximalist?

Former President Donald Trump has gone full Bitcoin bull. In a stunning reversal, one of Bitcoin’s key adversaries, who once dismissed Bitcoin as a scam, is now leading the charge for the Bitcoin industry in American politics.

Just three years ago, in June 2021, Trump said he thinks Bitcoin seems like a scam.

Bitcoin is anti-authoritarian money. Trump is an aspiring authoritarian. I hope nobody thinks he’s actually going to keep any promises he makes if he gets power.

pic.twitter.com/39fETaE2qT

— ₿radley Rettler (@rettlerb) May 22, 2024

To the surprise of the Bitcoin community, he now has made an about-face. Trump Bitcoin pivot kicked off with a bang when he…

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LATEST: 10K-1M LINK Coin Holders Grow Holdings by 9.2M, a 4.65% Rise

Over the past 17 days, key stakeholders of Chainlink (LINK), holding between 10,000 to 1 million tokens, have markedly increased their investments. Data sourced from Santiment, a leading behavior analysis platform, reveals that these investors have added a substantial 9.2 million LINK to their portfolios since June 24th, resulting in a 4.65% uptick in their collective holdings.

This accumulation occurs against the backdrop of a subdued cryptocurrency market, underscoring a significant show of confidence from larger investors. The total holdings of these millionaire wallets have reached a new eight-month high, accumulating 207.29 million LINK.

The trend highlights a robust endorsement from Chainlink’s major investors, suggesting a potential bullish outlook for the LINK token in the near future. Market watchers are poised to observe whether this momentum will influence Chainlink’s market valuation and position as market conditions evolve.

Bitcoin Personas: How Coinbits Approaches Crafting User Experience

Introduction

At Coinbits, we’re dedicated to improving the UX of bitcoin so that more people can benefit from it. In our ongoing commitment to transparency and community engagement, we recently made our product roadmap public. Now, we’re excited to share another work product which was made as a part of a Summer of Bitcoin project: Bitcoin Personas.

Persona pitfalls

Coinbits is a family-run bitcoin-only exchange. We are a small startup with a big vision – to build the first #HybridBanking platform that seamlessly combines bitcoin and fiat financial services.

Our team is mostly made up of engineers, but several of us also have a background in product and design. We recently decided to…

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