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Bitcoin’s Hierarchy Of Needs

We can apply Maslow’s hierarchy of needs to Bitcoin to find out what needs it must obtain and maintain to succeed. In order for Bitcoin to achieve hyperbitcoinization, it has to fulfill certain network and monetary needs. Without obtaining and, more importantly, maintaining these needs, Bitcoin can not succeed. If Bitcoin can obtain and maintain these needs, then there is nothing that can stop it. This article is a play off of Maslow’s hierarchy of needs; the idea that people have to go through certain levels of life to eventually reach happiness and live to their full potential. This theory…

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RIF Gateways Integrates With LINK For Oracles On Bitcoin’s Network

RIF gateways integrates LINK’s oracles in order to become the first Bitcoin-based smart contract platform to close the gap between data oracles and the biggest cryptocurrency in the world so let’s find out more in today’s Chain link news crypto. RIF Gateways integrates with Chainlink while most of the ETH-based smart contract platforms are integrating the blockchain oracles for other purposes. RSK stands out in becoming the first Bitcoin-based smart contract platform that will bring closer data oracles and Bitcoin. Developers will be able to make the most of the opportunities that Chainlink provides while capitalizing on the security of…

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BTC Averages Over 1 Million Active Addresses as ETH Transaction Fees Hit $2M Daily

Bitcoin averaged over a million daily active addresses in the past week for the first time since January 2018. The growing usage metrics add to evidence of a rising bull market. According to data compiled by Coin Metrics, ethereum might be on course to surpass its all-time high if the bull market continues. The data shows “ethereum averaged 626,000 daily active addresses in the period. This figure is just 111,000 short of the all-time high set on January 16, 2018.” Still, the report is highlighting the growth in network transaction fees during the same period. Explaining this growth, the report…

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US Congressmen Want IRS to Balance Taxation and Innovation in the Cryptocurrency Space

A bipartisan quartet of US congressmen wants the IRS taxation policy not to dissuade taxpayers from participating in blockchain token staking. These politicians believe America’s ingenuity can help drive this promising staking technology. The four congressmen are Bill Foster (D) of Illinois, Darren Soto (D) of Florida, Tom Emmer (R) of Minnesota, and David Schweikert (R) of Arizona. In their letter addressed to IRS Commissioner Charles Rettig, the quartet expressed concern that the “taxation of staking rewards as income may overstate taxpayers’ actual gains from participating in this new technology.” They add this could result “in a reporting and compliance…

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