Why Small Businesses Need Bitcoin

[ad_1] The Cantillon effect describes the phenomena that those closest to the money-printing benefit the most. Larger institutions, banks, organizations, and corporations are closer to the money. Larger groups representing large amounts of coordinated interests are also closer to the money. What are SMEs, small and medium Eenterprises? Small businesses are usually defined as organizations with fewer than 100 employees; midsize enterprises are those organizations with 100 to 999 employees. According to the Small Business Administration(SBA), SMEs employ 47.1% of all private-sector employees. There is another level of business that…

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Small Ethereum investors increase exposure as ETH loses $4K level

[ad_1] Ethereum’s native token Ether (ETH) has dropped by over 18% after establishing an all-time high around $4,867 on Nov. 10, now trading near $3,900. Nonetheless, the plunge has not deterred retail investors from buying the token in small quantities. According to data gathered by Glassnode — a blockchain analytics platform, the number of Ether addresses holding less than or equal to 0.01 ETH reached a record high level of 19.95 million on Dec. 4, the day ETH dropped to as low as $3,575 (data from Coinbase). Ethereum addresses with…

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El Salvador’s Bitcoin Adoption Met With Small Protests

[ad_1] Small groups of protestors have taken to the streets one week before El Salvador adopts Bitcoin as legal currency. According to Business Insider, protests against the Bitcoin law and President Nayib Bukele are becoming more common ahead of it taking effect on September 7th. The protesters’ reasons for objecting to Bitcoin adoption range from simple political opposition to President Bukele, to concerns about price volatility when denominated in U.S. dollars, to misunderstandings about the new law. The adoption of the law will be revolutionary, and has the potential to relieve…

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Small Love Potion (SLP) price doubles as Axie Infinity user growth explodes

[ad_1] Last week, Axie Infinity’s AXS token went on an impressive parabolic run and hit a new all-time high at $19.60.  Small Love Potion (SLP), a token in the Axie Infinity ecosystem that is minted through gameplay as a reward to users, also broke out with a triple-digit gain. SLP can then be used as a currency to breed Axies, which are nonfungible token-based creatures that populate the Axie Infinity world.  SLP/USDT 4-hour chart. Source: TradingView Data from Cointelegraph Markets Pro and TradingView shows that the price of SLP surged 102%…

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