Macro strategist Lyn Alden says that the worst part of Bitcoin’s bear market is likely over after a shaky first half of 2022 that...

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Chains.com, an early-stage multiproduct cryptocurrency startup launched in February 2022,  has seen over 380,000 accounts created on the platform so far, in anticipation of the launch of the Chains Launchpad and Prism products.

“The traction so far underlines just how attractive Chains' offering proved to appear to a large cross-section of users,” says CEO and Founder of Chains.com, Anderson Mccutcheon. 

Anderson adds: “We saw a gap in the market for a platform supporting not only different cryptocurrencies and blockchains, but also services designed specifically for those not interested in the underlying technology”

Scaling from zero to hundreds of thousands of users meant that the company had to make significant adjustments, rapidly deploying changes to both the frontend and backend of its product.

The team introduced fingerprinting, multiple captcha touchpoints and account verification methods to eliminate risks posed by automated botting and DDoS attempts. 

Anderson says: “We can confidently say we are at a very low risk of being compromised thanks to the tireless work of our cyber security specialists. Our top priority is the security and stability of our systems. Users need to be able to trust us with their data.”

Over 30,000 users applied to have their accounts whitelisted for the upcoming CHA token sale on the Chains Launchpad and this is expected to rise as more details emerge about the presale.

Those who have signed up for the presale indicated TRON, Ethereum and Binance Smart Chain as the blockchains they prefer to have the token deployed on. The flexibility offered by Chains.com means users can pick and choose between a variety of chains to which their tokens are to be deployed after the token sale, an industry first.

About the Founders:

Anderson Mccutcheon, a former Riot Games and Stars Group executive, as well as an IDF Unit 8200 veteran, comes from a diverse technological and marketing background. A blockchain industry pioneer, Anderson co-founded Unicoin and Synereo and specializes in algorithm development for real-time thermochemical control systems. 

Assaf Patir, the Chains Chief Economist, holds two PhDs, one in Economics from Northwestern University and another in Physics from the Weitzmann Institute of Science. Assaf's specialty field is Macroeconomics and he currently holds the position of Chief Economist at the Start-Up Nation Policy Institute.

About Chains: Chains, a Seychelles International Business Company, was founded in 2020 with a view to simplify the cryptocurrency and NFT experience for non-technical users and create a gateway to access the space and relevant services on one platform.

Media Contact:

Daria Kuznetsova,
CMO of Chains.com
daria@chains.com

Discussing the latest macroeconomic developments as they relate to Bitcoin, including oil prices and market misconceptions.

A finance professor at the Wharton School of the University of Pennsylvania has warned of “bitcoin taking over.” He added that the Fed “has been terribly wrong over the last year” about inflation and must now act to defend the U.S. dollar. Finance Professor Urges the Fed to Take Action to Defend the U.S. Dollar […]

The global pandemic changed everything for creators: The stay-at-home orders accelerated the shift toward blockchain and Web3 advancement.

Scotland can best prepare for the future by adopting a bitcoin standard and reaping the benefits of sound money.

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A changing of the guard is standard for fiat currencies — but bitcoin is set to supplant them all.

Despite the recent downfall of the crypto market, the projection of Bitcoin (BTC) to cross the $100k threshold remains seen as a matter of time. Back in December, Bloomberg Intelligence indicated that the anticipated mark would happen eventually “due to the economic basics of increasing demand vs. decreasing supply,” and new data shed some light on that idea. Bitcoin Vs. Crude Oil In a new Bloomberg Intelligence report, data shows trends that could favor Bitcoin and Ethereum prices. The report noted that “Representing advancing technology, Bitcoin is gaining traction as a benchmark global digital asset, while oil is being replaced by decarbonization and electrification.” Lack of supply elasticity is an attribute shared by Bitcoin and Ethereum that “sets them apart from commodities”. For commodities, “rising prices thwart demand and increase supply”, but the top cryptocurrencies might tell a different story. “Increasing Bitcoin and Ethereum demand, and adoption vs. diminishing supply, should follow the basic rule of economics and raise prices.” In the following chart, Bloomberg shows a juxtaposition of the decreasing BTC and ETH supply along with the excess of crude oil and liquid-fuel production compared to consumption heading toward 13% in 2023, noting that the U.S. “has been a top headwind for commodity prices”. Related Reading | Why The Bitcoin At $100K Discourse Remains Strong Despite Market Crashes Mainstream Adoption Experts think that BTC “is well on its way to becoming global digital collateral”, while its revolution in the “digitalization of finance” is in its early days. Future mainstream adoption will lead to increased demand for bitcoin. The report predicts that the future developments in the macroeconomics and politics of the U.S. –dollar dominance, jobs, votes, taxes, and the aim to oppose China’s policies and find leverage against them– will lead U.S. policymakers into creating proper regulations for cryptocurrencies and ETFs. Beyond El Salvador adopting BTC as legal tender, the proximity of the U.S. midterm elections has evidenced the American senators and politicians’ race to follow along. In Wyoming, Arizona, and Texas politicians are pushing to turn the digital coin into a legal tender, pointing at Bitcoin as a new defining factor to get well positioned in the polls. A wider acceptance of bitcoin is expected to happen with more regulatory clarity because fear and misinformation could diminish, thus more investors would jump in meaning mainstream adoption. The report also notes that this greater mainstream adoption of Bitcoin is looking unstoppable, which would likely benefit its price. “The launch of U.S. futures-based exchange-traded funds in 2021 appears as a baby step by regulators that we think culminates with ETFs tracking actual cryptos via broad indexes.” Bloomberg data shows that “Rising demand, adoption and depth of Bitcoin should leave few options for volatility but to decline.” For this reason, they think it’s going through a “price-discovery stage”. The following chart shows “the upward trajectory of Bitcoin futures open interest vs. the downward slope in the crypto’s volatility vs. the stock market”, noting that Bitcoin’s 260-day volatility is 3x of the Nasdaq 100, which contrasts its volatility during the launch of futures in 2017, which was closer to 8x. Regarding the Federal Reserve’s tightening measures, Bloomberg experts had previously predicted that “Bitcoin will face initial headwinds if the stock market drops, but to the extent that declining equity prices pressure bond yields and incentivize more central-bank liquidity, the crypto may come out a primary beneficiary.” Related Reading | Bitcoin Leverage Ratio Suggests More Decline May Be Coming

Alden is optimistic the flagship will keep above $20,000 even when the hunch intensifies Bitcoin is trading on the inexperienced in the present day and has cleared $37,000 Macroeconomics strategist Lyn Alden has shared her view on Bitcoin which, like different crypto belongings, has suffered appreciable losses within the current market hunch. In a mid-week […]

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