This is the first edition of the “xLetter”, a semi-frequent update about xToken and the greater DeFi & DeGov ecosystem. The purpose of this letter is to give a periodic update on the project and to offer some insight into how developments in the larger ecosystem factor into our outlook.
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The xToken community has picked the winner of the #xtkproductiveasset meme contest!
We received 74 (mostly!) high quality submissions, but unfortunately only two could win. The xToken team picked the top two internally and the winner was chosen via a community vote in our discord.
The…
China has finally put the hammer down on its native mining operations, causing bitcoin’s hash-rate to crash and flee to friendlier regions around the world. We’ve heard many different flavors of pseudo bans come out of China over the years but mining seemed to flourish in China without interruption. …
El Salvador has leapt into the international spotlight by being the first country to establish a positive multi-layered bitcoin strategy. The meat of the emerging strategy gives bitcoin status as legal tender within El Salvador. The government is looking to make bitcoin easier to use throughout the country in a…
In the latest update of Edge we added support for Fantom (FTM), a young but maturing blockchain that uses a unique consensus mechanism and has a budding ecosystem of DeFi applications. …
Widely scoffed at before, Bitcoin and the greater crypto ecosystem recently surpassed a market capitalization of two trillion dollars making up considerable fractions of the currency and precious metal markets. …
At the end of our previous article about inflation, we briefly discussed Ray Dalio’s theory of the Long Term Debt Cycle (LTDC). In short, the LTDC is the monetary epoch and system underpinning the more regularly recurring short-term debt cycles also known as business cycles. The short-term debt cycles are…
Discussions about inflation often get muddled by commentators who might look at one measure of inflation and say there is no inflation and other commentators that will focus on another and say we’re in the middle or on the cusp of hyperinflation. The truth is often balanced between the extremes…
Modern Monetary Theory (MMT) has been a minor heterodox economic school in academia for the last couple of decades. Its stature in public policy and academic circles has grown mostly through a very informal academic blogosphere that emerged in the late 1990s and 2000s outside of the academic institutions themselves…
With the continued proliferation and growth of blockchain-based networks, it has become pretty clear that technologists and investors who dominate the crypto market are creating a multi-chain world. …
