These Crypto Assets Will Massively Change International Payments: Macro Analyst Lyn Alden

Macro investment strategist Lyn Alden says cryptocurrencies will revolutionize the international payments sector over the coming decades.

Alden tells her 316,700 Twitter followers that some of the crypto assets that will be used for global payments in the future include Bitcoin (BTC) as well as private and public stablecoins.

“International payments are going to look a lot different over the coming decades than they have in prior decades.

Regulated stablecoins, offshore stablecoins, central bank digital currencies, BTC, etc.”

The macro investment strategist was reacting to a report that Myanmar’s parallel government led by ousted leader Aung San Suu Kyi has designed the Tether (USDT) stablecoin as the official currency for local use.

“Chinese media is reporting that Myanmar’s government will now accept yuan in cross-border trade with China, while Myanmar’s parallel/ousted government is adopting Tether USD as per Bloomberg.”

Tether has welcomed the development saying that the “significance of this moment goes far beyond the potentials of cryptocurrency to provide financial security.”

At the beginning of the year, Alden said that the importance of Bitcoin’s Lightning Network in the payments industry was being underestimated.

The Lightning Network is a second-layer technology atop the Bitcoin blockchain that enables faster and cheaper transactions than would otherwise be possible.

“I think people are sleeping on the potential importance of the Lightning Network over the next five years for the payments industry.

As BTC base layer fees climb, Lightning Network becomes more important. Apps/utility are starting to reach a critical mass, and liquidity can grow.”

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Could Legacy Brand RadioShack Redefine Itself Through… DeFi?

RadioShack was a technology hallmark in the late 1990s. Big box stores dominated the emergence of new technological innovations, when personal computers, cell phones, printers, and the like all started to hit the market and were host to a fast race to be a leader in innovation.

However, in recent years, big box presence has dwindled, and RadioShack has been largely seen as a legacy brand that failed to shift to consumer demand – investing in brick and mortar without optimizing their online shopping experience.

Could the century-old consumer goods brand keep it’s heart pumping through… DeFi?

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RadioShack Is Now A DeFi Product?

RadioShack’s website is now front and center an announcement for a new DeFi protocol, which will host the RADIO token. A waitlist is available for early notifications, Discord and Telegram communities are established, and yes – there’s a RadioShack DeFi whitepaper on Github. The platform will look to infuse the RADIO token as a ‘hub’ of essentially a hub-and-spoke model that takes a unique approach relative to traditional DEX’s:

Oh, and you can still shop online for your technology hardware needs too.

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It’s the latest unique and unexpected twist in crypto, as DeFi continues to have a strong performance to close out the year. Protocols that have a major emphasis on DeFi products, including the likes of Avalanche (AVAX) and Terra (LUNA) have entered the top 10 in crypto market caps recently.

According to the RadioShack whitepaper, Polygon (MATIC) will be a chain that will look to integrate in it's 'Starfish Topology'. | Source: MATIC-USD on

Related Reading | Community Voted, Why Uniswap Will Be Deployed On Polygon

Looking Ahead

Yes, brand engagement in crypto (most notably NFTs) has been ramping up immensely in recent months. However, this move admittedly wasn’t on our shortlist when 2021 was getting started. It’s a bizarre brand entry from a company image that was basically on life support.

According to the refreshed RadioShack website, the endeavor is being spearheaded by long-time social media personality Tai Lopez and business partner Alex Mehr. The two will start off the platform with a swapping feature. According to the whitepaper, the platform will look to leverage retail ecommerce ventures (and still lists platform partners in the traditional retail space, including Pier 1, Linens N Things, and Stein Mart) and will bring in DeFi protocol Atlas USV for protocol liquidity.

Can’t say I expected to see a DeFi protocol that had Pier 1 as a listed partner anytime soon, but again – nothing should really surprise us in this space anymore. Who knows, maybe Blockbuster NFTs and Bed Bath ‘N Beyond blockchain loyalty reward programs are on the horizon.

At this point in crypto, anything is possible.

Related Reading | To Ban Or Not To Ban? Russia Concerned About Growing Crypto Transactions

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The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.


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Blockchain Analytics Firm Nansen Raises $75 Million in Funding Led by Accel

The blockchain analytics platform Nansen raised $75 million via a Series B funding round led by the venture capital firm Accel. The investment will aim to expand the former’s global presence and accelerate the development of innovative product offerings for customers.

Nansen’s Newest Funding Round

The Singapore-based blockchain platform announced the news on its official website. Apart from Accel, the funding round was supported by several other venture capital firms, including Andreessen Horowitz (a16z), GIC, Tiger Global, SCB 10X, and more.

Nansen informed that the investment will fuel the company’s next phase of growth and development. It also intends to add innovative platform features, multichain integrations and expand globally.

The last funding round which Nansen raised was in June this year. The company noted that since then, it had introduced several advancements. Some of them include broader blockchain support from Ethereum and Polygon to Binance Smart Chain (BSC), Fantom, Avalanche, Celo, and Ronin.

Nansen also joined the non-fungible token space and took part in over 18,000 NFT collections. Additionally, the company hired 55 new team members across 28 countries.


“2021 has been an inspirational year for us. We’re grateful for how much our customers love Nansen, and with this latest round, we can serve them even better. In addition, we can now onboard new customer segments that will benefit from market-leading on-chain analytics”, said Alex Svanevik – Co-Founder and CEO at Nansen.

Following the most recent initiative, Nansen is ready to provide global investors with a “world-class product to explore the latest crypto trends and make more informed decisions,” Svanevik assured.

Andrei Brasoveanu – Partner at Accel – predicted that the funding round could provide “huge” opportunities for Nansen. It even has the potential to become “investors’ go-to platform for crypto insights and data.”

Nansen’s Previous Endeavors

At the beginning of October, the data-analytics provider added support for the decentralized smart contracts platform – Fantom Network.

Consequently, Nansen began showing Fantom’s data on its dashboards. Speaking on the matter, Michael Kong – Fantom’s CEO – said:

“Nansen analytics will bring visibility to innovative projects on the network and amplify their successes. We’re excited about the increased usage Nansen will bring to Fantom and the incredible wealth of information that the analytics platform will make available.”

Interestingly, shortly after announcing the news, the native token of Fantom Network – FTM – soared by 30%.


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Here’s why Ethereum traders could care less about ETH’s current weakness

Since hitting an all-time high at $4,870 on Nov. 10, Ether (ETH) price has been posting lower lows over the past 50 days. If this downtrend continues, the lower trendline support suggests that the altcoin will bottom at $3,600. Still, derivatives data is signaling that pro traders are not concerned about the seemingly bearish market structure.

Ether/USD price on FTX. Source: TradingView

Notice how the price peaks are getting lower on the 12-hour time frame as mounting regulatory concerns drive investors away from the sector. In a press conference on Dec. 17, Russia’s Central Bank governor, Elvira Nabiullina, stated that banning crypto in the country is “quite doable.”

Nabiullina cited crypto’s frequent use for illegal operations and significant risks for retail investors. Russian President Vladimir Putin also recently criticized cryptocurrency by saying they are not backed by anything. Interestingly, the country plans to launch its own central bank digital currency even as the Russian ruble lost 44% against gold over the past four years.

In the United States, a bipartisan group of U.S. senators has called on Treasury Secretary Janet Yellen to clarify the language in the infrastructure bill relating to the crypto tax reporting requirements. Under the current broader “broker” definition, miners, software developers, transaction validators and node operators will likely be required to report digital asset transactions worth more than $10,000 to the Internal Revenue Service.

Even with the regulatory uncertainty and negatively skewed price action, traders should monitor the futures contracts premium — also known as the “basis rate” — to analyze how bullish or bearish professional traders are.

Pro traders are neutral despite the price weakness

The basis indicator measures the difference between longer-term futures contracts and the current spot market levels. A 5% to 15% annualized premium is expected in healthy markets. This price gap is caused by sellers demanding more money to withhold settlement longer.

However, a red alert emerges whenever this indicator fades or turns negative, also known as “backwardation.”

Ether 3-month futures basis rate. Source:

Notice how the sharp decrease after the 24% intraday crash on Dec. 3 caused the annualized futures premium to reach its lowest level in two months. After the initial panic, the Ether futures market recovered to the current 9% level, which is close to the middle of the “neutral” range.

To confirm whether this movement was specific to that instrument, traders should also analyze the options markets. The 25% delta skew compares similar call (buy) and put (sell) options. The indicator will turn positive when “fear” is prevalent because the protective put options premium is higher than similar risk call options.

When market makers are bullish, the 25% delta skew indicator shifts to the negative area, and readings between negative 8% and positive 8% are usually deemed neutral.

Ether 30-day options 25% delta skew. Source:

Related: Senate hearing on stablecoins: Compliance anxiety and Republican pushback

For the past three weeks, the 25% delta skew ranged between a positive 3 and 8 which is in the neutral zone. Consequently, options market data validate the sentiment seen in futures markets and signals that whales and market makers are not worried about the recent price weakness.

If investors “zoom-out” a bit, they will see that Ether’s year-to-date gains are at 300%, and this explains why pro traders are not worried about a 20% drop from the $4,870 all-time high.

Furthermore, the Ethereum network’s total value locked in smart contracts doubled over the past six months to $148 billion. This data gives derivatives traders the confidence needed to remain calm even with the current short-term price weakness.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.