Bitcoin Brokerage River Financial Raises $17M: SEC Filings
River Financial's equity sale comes as the high-end brokerage embarks on a major hiring push....
Bitcoin Is Now a Trillion-Dollar Asset: Where Do We Go From Here?
The milestone isn’t just psychological, and potentially opens entire new groups of investors who couldn’t participate previously....
Money Reimagined: Tucker Carlson Is Right About Financial Privacy
Say what you will about the Fox News host, but he deserves credit for highlighting Bank of America’s transaction snooping, writes Marc Hochstein....
The Business of Art and How NFTs Will Change It, With Nanne Dekking
With big brands like Christie’s auction house and the National Basketball Association getting involved and some tokens already selling for six-figure sums, the question isn't if NFTs will force a very old industry to adopt some very new practices, it's when....
Why Everyone Wants an Invite to Clubhouse Crypto
The 11-month old audio app is the latest vector for crypto adoption – memes and all. Here's why everyone wants in....
Bitcoin Is Worth $1T and OKCoin Delists BCH and BSV
Bitcoin, now worth more than most U.S. corporations, first reached "dollar parity" 10 years ago....
Austrian Regulator Reports Rise in Crypto Fraud
The FMA reports two-thirds of the investment fraud reports filed in 2020 were related to cryptocurrency and digital currency trading products....
Bitcoin’s Price Surge Accelerates After Passing Milestone of $1T Market Value
The price could go higher, unless traders start taking profits....
Bitcoin News Roundup for Feb. 19, 2021
With the market cap of bitcoin breaking above $1T for the first time plus a look at the emerging asset class known as NFTs, CoinDesk’s Market Daily is back with the latest news roundup....
Ethereum Core Developers Eye Mid-April for ‘Berlin’ Hard Fork
The hard fork will facilitate live swapping Ethereum from a proof-of-work to a proof-of-stake blockchain....
MicroStrategy Raises $1.05B in Latest Debt-for-Bitcoin Offering
MicroStrategy's business strategy is to buy as much bitcoin as it possibly can....
Bitcoin Market Value Tops $1T as Price Passes $53,697
A year ago, bitcoin's market value was $178 billion....
First Mover: Bitcoin Meets ‘Torrent’ as Lowly Binance Coin Gets $40B Valuation
Cryptocurrency exchange Binance's in-house BNB tokens have shot to a $40 billion valuation, ranking them third among digital assets behind bitcoin and Ethereum's ether....
OKCoin Delists Bitcoin Cash, Bitcoin SV to Avoid ‘Misleading’ New Bitcoin Clients
It became a choice between protecting Bitcoin’s open-source ethos or championing free-market fundamentals. In the end, community won out....
Even Skeptics May Need to Consider Crypto Exposure: WSJ’s Heard on the Street
Cryptocurrency's viability as an investment may not be in its value as an asset but in the way the financial world is evolving because of it....
A Sudden Loss of Faith in Tether Would Pose Risk to Bitcoin, JPMorgan Says
"If any issues arise that could affect the willingness or ability of both domestic and foreign investors to use USDT, the most likely result would be a severe liquidity shock to the broader cryptocurrency market," the report says....
Second Canadian Bitcoin ETF Begins Trading on TSX Today
This is the second bitcoin ETF approved to trade in Canada....
Kiss’ Gene Simmons Buys $300,000 Worth of Cardano
The Kiss bassist and frontman says he believes in Cardano because of its affordability compared with other cryptocurrencies....
Volvo Owner Geely and Concordium in JV to Offer Blockchain Services, Apps in China
Geely will own 80% of the venture while Concordium will own the rest....
New Jersey Crime Watchdog Says Crypto ATMs Need More Regulation
State regulation of crypto ATMs is poor and federal laws aren't much better, the commission said in a report....
Bit Digital, Compute North Partner To Drive Sustainable Bitcoin Mining
Bit Digital will be colocating in Compute North facilities to leverage its renewable-energy-focused design for bitcoin mining.Bit Digital, one of the largest bitcoin mining companies in North America by hash rate, is expanding its operations by colocating in Compute North facilities, adding an additional 40 megawatts of hashing power with 13,000 new ASIC miners to its arsenal, according to a press release.Nasdaq-listed Bit Digital (BTBT), headquartered in New York, positioned the partnership as ...
Bitcoin And The Changing Definition Of CPI
The constant adjustments to the measuring stick of inflation mislead and confuse those looking for a sound store of value.Below is the definition of the Consumer Price Index (CPI) by the U.S. Bureau of Labor Statistics:“The CPI represents changes in prices of all goods and services purchased for consumption by urban households. User fees (such as water and sewer service) and sales and excise taxes paid by the consumer are also included. Income taxes and investment items (like stocks, bonds, an...
What We Can Learn From Local Bitcoin Communities
Local events like those that take place in Southern California are paramount to the continued growth of the Bitcoin community.The idea of Bitcoin as a network and technology is one that is global, interconnecting and expansive. As the price of bitcoin has continued to increase, the scope and scale of what is occurring across the world increases as well. While Bitcoin is a macro-scale phenomenon that will have extensive economic and historical impacts, we shouldn’t forget to pay attention to co...
Investor Note Reveals RIT Capital Has Acquired Stake In Kraken
$5.2 billion British investment trust RIT Capital has reportedly acquired a stake in the cryptocurrency exchange Kraken.In a note released on April 12, a London-based broker and corporate advisor disclosed that clients who listened to an RIT Capital Partners webinar it hosted in March learned that “RIT has acquired an interest in Kraken.”“For those who haven’t heard of Kraken, it is one the world’s biggest crypto exchanges having been founded in 2011. It has more than 6m clients and is...
Baillie Gifford Invests $100 Million In Blockchain.com
110-year-old asset management firm Baillie Gifford has invested $100 million in bitcoin wallet, exchange and explorer tool Blockchain.com.The CEO and cofounder of cryptocurrency wallet and exchange service provider Blockchain.com, Peter Smith, has announced that investment management company Baillie Gifford contributed $100 million to its $300 million funding round held in March. Per the announcement, the 110-year-old asset management firm became the largest single investor in the history of Blo...
First Foundation Partners With NYDIG To Provide Bitcoin Access To Clients
Financial services company First Foundation has announced a strategic investment in NYDIG to grant its customers access to bitcoin.In a new partnership, regional bank and financial services company First Foundation announced a strategic investment in institutional bitcoin solutions provider NYDIG with the goal of providing its clients access to BTC.The specific terms of the partnership were not disclosed.“The two companies ... announced a strategic partnership that will allow First Foundation ...
Square Makes The Case For Clean Energy Bitcoin
In a new white paper, financial services company Square outlines the opportunity presented by Bitcoin to spur more use of renewable energy.In a white paper released today, financial services company Square outlines the opportunity that Bitcoin presents to facilitate a transition to a cleaner and more resilient electricity grid.The research report, titled “Bitcoin Is Key To An Abundant, Clean Energy Future,” was released as part of Square’s Bitcoin Clean Energy Initiative, an ongoing effort...
Bitcoin Optech #145: Lightning Network Offers, Taproot And More
This week’s newsletter covers using Lightning Network offers to address stuck payments, Taproot activation and more.The Bitcoin Optech newsletter provides readers with a top-level summary of the most important technical news happening in Bitcoin, along with resources that help them learn more. To help our readers stay up-to-date with Bitcoin, we're republishing the latest issue of this newsletter below. Remember to subscribe to receive this content straight to your inbox.This week’s newslett...
Why Bitcoin's Price Has Stayed Above $50,000
What we have learned about bitcoin after the unexpected hash rate drop reinforces the bullish narrative.Emiliano Grodzki is CEO and a founder at Bitfarms, one of the largest public bitcoin mining operations in the world.What We Learned From Bitcoin’s Hash Rate DropBitcoin has been riding high of late. Yet over the weekend, panic ensued following a significant drop in its network hash rate, down roughly 49%, the biggest 24-hour reduction in Bitcoin’s history. Much is being speculated as to th...
Interview: Understanding The Bitcoin Market With Glassnode’s Rafael Schultze-Kraft
Glassnode’s Rafael Schultze-Kraft joined "The Bitcoin Magazine Podcast" to discuss the insight offered by on-chain Bitcoin analytics.Watch This Episode On YouTubeListen To This Episode:AppleSpotifyGoogleLibsynOvercastThis week for “The Bitcoin Magazine Podcast,” host Christian Keroles and guest host William Clemente sat down with Rafael Schultze-Kraft, the CTO of Glassnode. Glassnode is an on-chain analytics company and it thrives by making it accessible and easy for Bitcoin enthusiasts, i...
Despite Hash Rate Drop, Surge In Transaction Fees, Bitcoin Is Resilient
A recent plummet in hash rate and spike in transaction fees has raised some questions about Bitcoin’s resilience. But they shouldn’t.Over the weekend, the Bitcoin hash rate dropped off a cliff, leaving many industry participants wondering what had happened. Over the last couple of days, information and context has been provided by industry experts as to what was behind this steep fall in hash rate. For instance, this Twitter thread by Mustafa Yilham does a great job explaining the current si...
Interview: Austin Hill On Blockstream, Open Source And Privacy
“The Biz” kicked off its first episode with Austin Hill, former CEO of Zero Knowledge Systems and former CEO of Blockstream.Watch This Episode On YouTubeListen To This Episode:AppleSpotifyGoogleLibsynOvercast“The Biz” with John Carvalho kicked off its first episode with a bang in a long-form interview with Austin Hill, former CEO of Zero Knowledge Systems and former CEO of Blockstream. Hill shared a detailed history of what it was like to design and launch privacy-centric products in the...
NYDIG Bought The Recent Bitcoin Dip, Indicates Other Institutions Are Doing The Same
Major bitcoin investment manager NYDIG has shared that its desk, other institutions increasingly act on a “buy the dip” mentality.Amid a historic level of liquidation for bitcoin over the weekend, NYDIG, a bitcoin-focused investment manager, worked to acquire more bitcoin, according to a recent email sent to its subscribers.NYDIG’s Global Head of Research Greg Cipolaro explained in the email how it believes “the root cause of the sell-off had to do with investor positioning rather than f...
Canada’s DMG Blockchain Acquires 3,600 Bitcoin Mining ASICs
Vancouver-based DMG Blockchain Solutions announced its acquisition of 3,600 bitcoin ASICs, bringing its hash rate capacity to some 500 PH/s.Per a press release, Canada-based DMG Blockchain Solutions Inc. has announced the purchase of 3,600 bitcoin ASIC miners which will help to increase the company’s total bitcoin mining hash rate capacity to over 500 peta hashes per second.According to the announcement, the new purchase of the miners is in line with the company’s ongoing goal of increasing ...
Why I Would Not Vote For A Bitcoin Party
The ideals which Bitcoin was founded upon are in direct opposition to those which bind political parties and ideologies.If an election one day comes where an “orange party” is on the ballot, they will not have my vote. The beauty of Bitcoin is that it does not need a formal political party in order to enact change. It will continue to consume monetary energy on its way to becoming the global standard regardless of whether laws are passed to accelerate that adoption. In fact, its ideals rejec...
WeWork To Accept And Transact With Bitcoin
In a company announcement, shared workspace provider WeWork said it will use bitcoin for inbound and outbound transactions.WeWork, a flexible shared workspace provider, has announced that it will integrate bitcoin transactions and hold BTC on its balance sheet through a partnership with cryptocurrency exchange and custody provider Coinbase as well as bitcoin payments processor BitPay.Coinbase also has the distinction of being the first WeWork client to pay its fees in cryptocurrency, per the ann...
As The Bitcoin Rally Propels Invictus, ICAP Offers Investors Exposure To Its Success
Promoted: As the world of cryptocurrency is abuzz with skyrocketing prices of bitcoin, Invictus Capital offers investors unique ways of gaining exposure.This is a promoted article provided by Invictus Capital.With the world of cryptocurrency abuzz with skyrocketing prices of bitcoin and other crypto assets, Invictus Capital’s community reward token ICAP — distributed to investors for locking up their fund investments for predetermined periods of time — is offering an alternative way for in...
Venmo Customers Can Now Buy, Sell And Hold Bitcoin In App
Venmo has announced that its customers are now able to buy, hold and sell bitcoin directly within the app — but they cannot withdraw it.The popular payments app Venmo has announced that it has launched the ability to buy, sell and hold bitcoin to its more than 70 million customers."Crypto on Venmo is a new way for the Venmo community to start exploring the world of crypto, within the Venmo environment they trust and rely on as a key component of their everyday financial lives," said Darrell Es...
Binance Hires Legacy Bank Regulator Brian Brooks
Major bitcoin exchange Binance has hired former U.S. Treasury official Brian Brooks, who oversaw pro-Bitcoin regulation while in office.Binance, one of the world’s biggest bitcoin exchanges, has reportedly hired former Acting Comptroller of the Currency Brian Brooks as the chief executive of its U.S. affiliate Binance.US. Brooks is set to assume the new role beginning May 1. From May 2020 to January 2021, Brooks served in the Donald Trump administration as the lead of the Office of the Comptro...
Bitcoin Magazine's Art Director To Auction Guy Fawkes Painting For Bitcoin
If you’ve ever wanted to own a piece of art crafted by the creative force behind Bitcoin Magazine, here’s your chance.Link To Scarce City Auction HereAlthough I’ve been working my dream job here at Bitcoin Magazine since September 2017, I have only published one other article. I hope to write more after the conference, but for now, I will use this platform to shamelessly shill the fact that I am auctioning a painting with Scarce.City on April 20, 2021. Scarce City is an amazing new project...
Interview: Bitcoin Reinforces Good Habits With The Littlest Bitcoin Boomer
The Littlest Bitcoin Boomer joined "Meet The Taco Plebs" to discuss his Bitcoin journey.Watch This Episode On YouTubeListen To This Episode:AppleSpotifyLibsynFor this episode of Bitcoin Magazine’s “Meet The Taco Plebs,” I was joined by The Littlest Bitcoin Boomer (@littlesthodler), an optimistic, sat-stacking pleb.We started off this interview by going over The Littlest Bitcoin Boomer’s rabbit hole story, diving into what brought him to Bitcoin. Littlest shares he was going through a rou...
Jordan Peterson’s New Book And Bitcoin
Part 1 of a series discussing the shared values between Bitcoin and Jordan Peterson’s newest book, Beyond Order.Rule I: Do Not Carelessly Denigrate Governments Or BitcoinA reimagination of Beyond Order by Jordan Peterson through the lens of Bitcoin. PrefaceThis is part 1 of a 12-part series. In an imaginary Venn diagram of Bitcoin and Beyond Order, this writing would reflect the shared values contained in the center. All quotes are credited to Jordan Peterson. All reflections are inspired by S...
PBOC, Federal Reserve Officials Provide Optimistic Commentary On Bitcoin
Recent comments from officials at two of the world’s largest central banks indicate growing acceptance that bitcoin is the future.Last week, spokespeople from two of the world’s largest and most significant central banks, Robert Kaplan of the Federal Reserve and Lo Bi of the People’s Bank of China (PBOC), provided insight into their views on Bitcoin and how the central banks currently think of the asset. Kaplan, the current president of the Federal Reserve Bank of Dallas and prior member o...
Bitcoin Sees Historic Levels Of Liquidation Across Multiple Exchanges
After a historic weekend of liquidations, where do the bitcoin price and investor interest currently stand?Late Saturday night and early Sunday morning, a selloff in the spot bitcoin market triggered a cascading number of liquidations across the derivatives market in a truly historic moment. Reputable blockchain analyst Willy Woo pointed to the 9,000 BTC inflow to cryptocurrency exchange Binance as the catalyst.Net transfer volume to Binance exchangeOpen interest in bitcoin futures has continued...
Bitcoin: The Separation Of Money And State Animation
This video takes us on an animated journey into Knut Svanholm’s Bitcoin Magazine piece about Bitcoin and the State.In this video, we examine how human societies managed to exceed Dunbar’s number. With the invention of belief in the supernatural came the ability to rally large groups of humans around a common cause. Power-hungry sociopaths have used this as a tool for controlling people since the invention of ceremonial burial. This allowed them to manipulate people and to motivate them into ...
OKEx Integrates The Bitcoin Lightning Network
OKEx has announced that it has integrated Bitcoin’s Lightning Network, allowing users to send and receive bitcoin in near real-time at almost no cost.OKEx, a world-leading cryptocurrency spot and derivatives exchange, has announced that it has integrated Bitcoin’s Lightning Network, allowing faster and cheaper transactions for users.The Lightning Network is a decentralized scaling solution for Bitcoin that abstracts small transactions between users away from the Bitcoin blockchain. It utiliz...
How To Establish Mobile Bitcoin Privacy With A Pixel 4a And CalyxOS
This step-by-step guide walks you through how to establish a privacy-enhanced mobile phone for use with KYC-free Bitcoin.This is a step-by-step guide on how to privately purchase a Google Pixel 4a mobile phone, flash it with the privacy-enhancing CalyxOS operating system and use it to guard your privacy while on the go. With such a device, one can utilize Bitcoin more privately and freely from anywhere. If you are prepared to give up your current phone number and switch to Android, then this gui...
There Are Now Two Taproot Activation Clients, Here’s Why
There are now two different Taproot activation paths embedded in Bitcoin software clients. Here’s what this could mean for the Bitcoin protocol.Taproot, the proposed Bitcoin protocol upgrade for compact and privacy-preserving smart contracts, is getting closer to activation. The Taproot code itself had already been included in the most recent major Bitcoin Core release (Bitcoin Core 0.21.0), which is currently the de-facto reference implementation for the Bitcoin protocol. The next step was to...
Bitcoin’s Silent Revolution: Technology And Invention, Plebeian And Ruler
The characteristics inherent to technologies enable the increasing freedom of citizens under rulership; Bitcoin is one such technology.Technology and InventionWe must redefine two special words often spoken as synonyms—technology and invention. Technology is something that, once released, never disappears. An invention is something that, once invented, is destined to be “un-invented” or made obsolete. We can say with confidence that inventions like the iPhone or Facebook will be rendered a...
Clearly, Jim Cramer Doesn’t Get Bitcoin
“Mad Money” host Jim Cramer’s announcement that he sold bitcoin to pay a mortgage demonstrates lack of monetary economic understanding.This week, CNBC host Jim Cramer announced that he had sold half of his bitcoin to pay off a mortgage. "It was like phony money paying for real money,” he said. “I think I won."While Cramer, the well-known host of “Mad Money,” has quite an impressive background having graduated from Harvard University and later running his own hedge fund, his choice ...
Bitcoin Versus Bonds: Asymmetric Assets
The asymmetric upside of bitcoin is tangential to bonds’ asymmetric downside as traditional treasury assets collapse.This article is a republishing of “Mimesis Capital: Inside The Event Horizon, Report #14”Bitcoin Versus Bonds: Asymmetric AssetsJack Bogle, the founder of Vanguard, popularized the idea of a “60-40 portfolio.” The 60-40 portfolio is the basic idea that passive investors looking to efficiently transfer wealth through time should diversify their assets into 60% stocks and ...
How SIGHASH_ANYPREVOUT And Eltoo Could Improve The Lightning Network
In this episode of “The Van Wirdum Sjorsnado,” the hosts discussed sighash flag SIGHASH_ANYPREVOUT and Eltoo, a proposed Layer 2 protocol.Watch This Episode On YouTubeListen To This Episode:AppleSpotifyGoogleLibsynOvercastIn this episode of “The Van Wirdum Sjorsnado,” hosts Aaron van Wirdum and Sjors Provoost discussed SIGHASH_ANYPREVOUT, a proposed new sighash flag that would enable a cleaner version of the Lightning Network and other Layer 2 protocols.Sighash flags are included in Bitc...
Bitcoin Mining Firm Blockcap Moves Headquarters To Texas As State Embraces Bitcoin
Bitcoin mining firm Blockap has relocated its headquarters to Austin, as Texas officials embrace the Bitcoin industry.Bitcoin mining firm Blockap has moved its headquarters from Las Vegas to Austin, Texas, an emerging hub for nascent technologies.Per an announcement on Blockcap’s website, the firm chose Austin as its new headquarters for its workforce, favorable regulations, “as well as pronouncements by Governor Abbott and his team regarding protecting blockchain technology,” founder and ...
Bitcoin Mining Hash Rate Drops As Blackouts Instituted In China
Local news outlets have tied a recent dip in the bitcoin mining hash rate to government-instituted blackouts in China.Regional blackouts instituted in Northwest China may be the cause of a drop in hash rate from several China-based bitcoin mining operations, per local media outlet Wu Talk.According to a BTC.com screenshot shared by Wu Blockchain, the hash rate of several major bitcoin mining pools has dropped significantly. As of yesterday, Antpool’s hash rate had crashed by 24.5% in a 24-hour...
Why Bitcoin Is The Only Cryptocurrency You Need
Several characteristics reinforce Bitcoin’s dominance and superiority over all other cryptocurrencies.In contrast to the thousands of different cryptocurrencies that have emerged since the 2017 Initial Coin Offering boom, Bitcoin remains the best choice for any investor looking to enter the space. Why is Bitcoin superior to all other cryptocurrencies? To find the answer, one must first examine what makes bitcoin a sound monetary asset. The following are several of its key characteristics.Absol...
Miami-Dade County Could Soon Let Residents Pay Taxes With Bitcoin
A Miami-Dade County commissioner is exploring the feasibility of residents paying their taxes and fees in bitcoin and other cryptocurrencies.Danielle Cohen Higgins, District 8 County’s commissioner and representative on the Miami-Dade Board of County Commissioners, is putting forth a resolution for establishing a cryptocurrency task force that would assess the feasibility of allowing residents to pay for county taxes, fees and services with bitcoin and other cryptocurrencies.The goal, Cohen Hi...
Turkey Bans Bitcoin Payments As Lira Crashes
The Central Bank of the Republic of Turkey has instituted a ban on cryptocurrency payments, as its own fiat currency is devalued.Turkey has instituted a ban on all cryptocurrency payments as its own fiat currency, the lira, is failing. The ban is said to commence at the end of April. “Payment service providers cannot develop business models in a way that crypto assets are used directly or indirectly in the provision of payment services and electronic money issuance, and cannot provide any serv...
Peer-To-Peer Is Patriotic
The founding principles of Bitcoin echo that of the genesis of the United States of America.In the spring of 1774, the British Parliament passed the Coercive Acts, dubbed the Intolerable Acts by the soon-to-be-free Americans. Months later, in the spring of 1775, Paul Revere would ride at midnight carrying word that the “British are coming” for Concord and Lexington. These actions and countless other critical events of the American Revolution would eventually lead to the Constitutional Conven...
U.S. Imposes Sanctions On Russia-Linked Bitcoin Addresses
In its effort to stifle entities that attempted to influence U.S. elections the Treasury Department sanctioned several bitcoin addresses.As part of an effort against entities that attempted to influence the 2020 U.S. presidential election, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), recently announced sweeping sanctions to curb the work of Russian online influence outfit the Internet Research Agency (IRA). This included adding several bitcoin addresses to its...
Interview: The Philosophy Of Bitcoin With Professor Craig Warmke
Professor Craig Warmke joined the "Bitcoin Magazine Podcast" to discuss Bitcoin philosophy.Watch This Episode On YouTubeListen To This Episode:AppleSpotifyGoogleLibsynOvercastOn this episode of the “Bitcoin Magazine Podcast,” host Christian Keroles sat down with a professor of philosophy at Northern Illinois University, Craig Warmke. Warmke is quite unique in academia because he has fallen deep down the Bitcoin rabbit hole. As a scholar in philosophy, ethics and human nature, Warmke is fasci...
Bitcoin Power: The Energy Of A Money
Energy production and its surrounding industry will experience a major shift in operations as Bitcoin becomes a driving force of profit.The energy sector is seeing a complete paradigm shift:Bitcoin’s monetary network effectMonetization of energyLeads to an arms race of energy tech becoming more and more efficient and productiveCheap energy production allows for cheap energy utilizationCheap energy utilization allows for cheap manufacturing, mineral mining and product R&DPhoto by NASA on Un...
First Bitcoin ETF In North America Reaches $1 Billion In Assets
After breaking trading records, the Purpose Bitcoin ETF has hit $1 billion in assets, signaling strong interest from the market.Purpose Investments Fund launched a bitcoin exchange-traded fund (ETF) earlier this year, the first-such product to receive regulatory approval in North America. Since then, it has demonstrated an incredible appetite for such a product, breaking records in its first few weeks and now accruing $1 billion in assets.“Less than two months after launching, the first North ...
$623 Million In Stolen Bitcoin From 2016 Bitfinex Hack Has Been Moved
More than 10,000 BTC stolen from cryptocurrency exchange Bitfinex in 2016 has been moved to a new address.According to blockchain analysis service Whale Alert, 10,057 bitcoin (worth some $623 million at the time of this writing) that were stolen from cryptocurrency exchange Bitfinex in 2016 was transferred in a series of transactions yesterday.Whale Alert shared the transactions across more than 60 tweets within one hour, all with the note that it was seeing “stolen funds transferred from Bitf...
F2Pool Encodes Money-Printing Headline Into First Post-Coinbase Listing Block
In an echo of the Bitcoin Genesis Block, F2Pool encoded a money-printing headline into the first block it mined after Coinbase went public.Bitcoin mining pool F2Pool memorialized Coinbase’s first day of public trading with a nod to Bitcoin’s Genesis Block, encoding the text “NYTimes 10/Mar/21 House Gives Final Approval to Biden's $1.9T Pandemic Relief Bill” into the first Bitcoin block it mined yesterday.The message was taken from a New York Times headline reporting a recent stimulus pac...
Coinbase Reaches $85.7 Billion Valuation After First Day Of Trading
After its first day of trading as a publicly-listed company, cryptocurrency exchange Coinbase settled at a $85.7 billion valuation.Major cryptocurrency exchange Coinbase settled at an $85 billion valuation following its first day of public trading on Nasdaq, per The Wall Street Journal.“Shares of Coinbase, the first major bitcoin-focused company to test the U.S. public market, opened at $381 on the Nasdaq Global Select Market,” according to the report. “They rose as high as $429.54 in the ...
Bitcoin Is A Trojan Horse For Freedom
While bitcoin is powerful Number Go Up technology that appeals to self interest, it’s also creating fortresses against authority in cyberspace.In Book II of Virgil’s epic poem “The Aeneid,” one of the most iconic plotlines of classical mythology unfolds with trickery and subterfuge. The Greek forces, having failed to capture the City of Troy after a decade-long siege, attempt an ultimate attack on their enemy not by strength, but by guile, through a clever plan hatched by Ulysses.In the ...
Major Swiss Insurer Now Accepts Bitcoin
Swiss insurance giant AXA is offering a bitcoin-based payment option to meet growing demands for this alternative from its customers.Bitcoin adoption as a method payment is rising globally and the latest institution to embrace this development is Switzerland-based insurance giant, AXA.The Swiss-based insurance company announced that it would now accept the leading cryptocurrency as a payment option for its customers to pay for all of its non-life products.“AXA is the first all-lines insurer in...
What Does Coinbase's Listing Mean For Bitcoin?
Coinbase’s direct listing legitimizes bitcoin in the global financial, legal, and political landscapes.The financial press will cover the Coinbase story from many angles. However, the greater conclusion to garner from this chronicle in Bitcoin’s history is the following: Coinbase’s direct listing further incorporates Bitcoin into the worldwide financial landscape and will act as a deterrent to any potential future U.S. government action against Bitcoin, such as a ban. Ultimately, this list...
Speedy Trial Has Been Merged Into Bitcoin Core, Potentially Setting Path To Taproot Activation
Speedy Trial has been merged into Bitcoin Core, offering a path toward the Taproot protocol upgrade is miners signal their overwhelming support.According to a GitHub pull request, a BIP 9-based implementation of Speedy Trial has been merged with the code for Bitcoin Core, offering a potential path for activating the much-anticipated protocol upgrade Taproot.As the Bitcoin Core dev community has debated the best way of implementing Taproot, which would add smart contract flexibility and privacy t...
Bitcoin: The Ultimate Opportunity Cost
Upon realization of Bitcoin’s true value, one must reconcile their economic opportunity cost with their new reality.Attention, fellow bitcoin wealthy plebs; I’ve been summoned to write about the corn, and there is one topic that’s constantly in the back of my mind, creeping into every decision: The Bitcoin opportunity cost.Whether you’ve just started your journey down the rabbit hole or you’re already telling billionaires to “have fun staying poor,” by now, you’ve learned about t...
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