US Charges Stanford Crypto Group Director With Defrauding His Former Employer – the Fed
Lawrence Rufrano allegedly hid his work at Stanford and blockchain startup Factom from disability benefits regulators....
ConsenSys, Polychain, Tron, CipherTrace: Blockchain Startups Got $30M+ in US ‘PPP’ Bailout Loans
At least 45 crypto and blockchain startups, ranging from Bittrex to the Electric Coin Company, received U.S. Paycheck Protection Program loans, new filings show....
US Homeland Security’s Tech Scouts Reissue Call for Blockchain Startups
The Silicon Valley Innovation Program challenged blockchain startups to build Social Security number alternatives, an essential worker license and supply chain solutions for DHS....
Blockchain Bites: COMP x2, Reddit Scales and Factom Goes Bankrupt
The COMP governance token is seeing massive gains and potential listings on Coinbase Pro and CoinFlip, while Reddit looks to scale its Ethereum-based project....
Blockchain Company Factom Inc. Files for Chapter 11 Bankruptcy
Factom Inc.'s board has presented a proposal for restructuring the business, which will now be assessed by the administrators....
Market Wrap: Oil Rebounds As Crypto Makes Gains, Especially Ether
Oil’s bounceback performance seems to be taking the driver’s seat in market activity. Bitcoin is also up, and ether’s price performance is even better....
Miners Trick Stablecoin Protocol PegNet, Turning $11 Into Almost $7M Hoard
The millions in tokens were later destroyed, painting a confusing picture of the attacker's motives....
Blockchain Bites: ‘Immunity Passports,’ a Darknet Pharmacist and How Bitcoin Miners Prepare for the Halving
Cryptography can solve privacy concerns stirred up by COVID-19; Bitfinex moves more than one billion dollars worth of bitcoin for less than a dollar....
Factom’s Two Employees Press On Despite Investor’s Call to Liquidate
Factom, Inc. cut 80 percent of its 10-person staff. “The protocol is going to run whether Factom, Inc. continues or not,” said COO Jay Smith....
Factom Inc. ‘Faces Liquidation’ After Investors Refuse Request for More Funding
The blockchain firm's biggest investor, FastForward, is now its receiver....
Off-Blocks Launches US Government-Tested Digital Signature Service in Beta
Digital signature platform Off-Blocks is bringing its Department of Homeland Security-tested file verification tool to the public....
PODCAST: Altcoins and Ancient History With Litecoin’s Charlie Lee
The hosts are talking network effects, ad-hoc audits and more with early Bitcoin developer and Litecoin creator Charlie Lee....
Statechains, and Trading the Panopticon for Magical Internet Money
CoinDesk's Nolan Bauerle and Thiel Capital's Eric Weinstein talk Magical Internet Money; the Let’s Talk Bitcoin! host and Somsen Ruben discuss statechains....
PODCAST: ‘Let’s Talk Bitcoin!’ Hosts Discuss Libra, China and Cargo Cults
Every Sunday, CoinDesk plays host to deep, nuanced discussions about the complex issues we cover, with the cast of the Let’s Talk Bitcoin! podcast....
US Homeland Security Taps Canadian Blockchain Firm to Track Oil Imports
DHS has hired Mavennet to track oil imports into the U.S. by retrofitting existing tracking technology with blockchain....
UK Banking Pilot Aims to Streamline Compliance Using Factom Blockchain
Crypto startup Knabu is launching a 30-day pilot today to put regulatory reporting on the blockchain....
US Energy Department Funds Trial of Factom Blockchain to Secure Power Grid
Factom, one of the earliest firms to pitch blockchains to businesses, is participating in a U.S.-funded trial of the tech to protect the power grid....
Florincoin – The 2013 Altcoin You Don’t Remember – Is Attracting Real Users
An obscure cryptocurrency that first started getting noticed during the 2014 altcoin boom is showing itself a true diamond in the rough....
Pantera, Coinbase Join $4.5 Million Round for Staking-as-a-Service Startup
Pantera Capital and Coinbase Ventures have joined a $4.5 million round for Staked, a firm that helps investors back proof-of-stake cryptos....
Tim Draper Invests $1.25 Million in Bitcoin Payments Processor OpenNode
U.S.-based venture capitalist Tim Draper has invested $1.25 million in OpenNode, a bitcoin-only payments processing startup....
A Bipartisan Case For Bitcoin
Bitcoin need not be a politically splitting idea, as there are benefits to be had from progressives and libertarians alike.As the U.S. Senate approaches the finish line of the upcoming infrastructure deal, Coindesk has reported that congress is considering legislation with an escalating adversarial posture against the nascent digital asset industry. These policy changes need to be thoughtfully scrutinized rather than rushed, as they risk creating unintended consequences.Physical infrastructure d...
Why The $35 Trillion In United States Retirement Accounts Should Be Spent On Bitcoin
American retirement savings represent a new beachhead for bitcoin — we just need to make sure people hold their own keys.“Many adults are struggling to save for retirement and feel that they are not on track with their savings. While preparedness for retirement increases with age, concerns about inadequate savings are still common for those near retirement age.” —Federal Reserve Website Despite the Federal Reserve’s tone-deaf admission that many Americans struggle to retire when one of...
Hardware Bitcoin Security And Blockstream’s Jade Wallet
Two hands-on hardware wallet developers discuss bitcoin custody and its technicalitiesWatch This Episode On YouTubeListen To This Episode:BitcoinTVAppleSpotifyGoogleLibsynOvercastIn this episode of “The Van Wirdum Sjorsnado,” Aaron van Wirdum conducted one more interview without his regular co-host Sjors Provoost. Instead, he was joined by Blockstream’s Lawrence Nahum, one of the developers behind the Jade wallet; and Ben Kaufman, one of the developers of the Specter wallet, which is speci...
$41 Billion Hedge Fund GoldenTree Has Added Bitcoin to Its Balance Sheet
GoldenTree, with $41 billion in assets under management, is one among a growing number of traditional hedge funds purchasing bitcoin.GoldenTree, a hedge fund with $41 billion in assets under management, has added bitcoin to its balance sheet, The Street reported earlier today.According to The Street, GoldenTree purchased bitcoin to diversify from the conservative, debt-based strategies it has used in the past. The news outlet did not identify its sources, stating only they were "granted ano...
Elizabeth Warren Is Trying To Limit Financial Inclusion
Despite groundbreaking work occurring within Bitcoin, our “progressive” leaders continue to make backwards progress.If you’re a member of the Bitcoin community, whether self-proclaimed or working with an entity such as Bitcoin Magazine, you should be well-experienced with the chaotic nature of the narratives and politics around Bitcoin — and the sweepingly ignorant inclusion with “cryptocurrencies” in general.Bitcoin has become the favorite target for champions of Environmental, Soci...
Congressman Warren Davidson On How The Last-Minute Bitcoin Tax Bill Is Bad For America
Congressman Warren Davidson explained how the cryptocurrency tax addition to the Senate infrastructure bill is bad for the U.S.Watch This Episode On YouTubeListen To This Episode:BitcoinTVAppleSpotifyGoogleLibsynOvercastUnless you’ve been living under a rock for the past 48 hours, you’ve likely heard about the last-minute addition of a cryptocurrency tax to the U.S. Senate’s forthcoming infrastructure bill. In this episode of the “Bitcoin Magazine Podcast,” host David Zell sat down wit...
What Caused This Mid-Cycle Bitcoin Price Correction
Factors ranging from regulation in China to the Taproot protocol upgrade were driving bitcoin price charts to a decisive point for weeks.The bitcoin price rallied last week, but the move did not come out of the blue. While some people attributed the spike in price to the fake news about Amazon planning to accept bitcoin, the charts had been signaling a move was coming, approaching a decisive point for weeks.I attribute this mid-cycle correction to three dominant and simultaneous narratives that,...
The Semantics Of The Bitcoin Layers
While we casually talk about Bitcoin having multiple layers, the word itself has historical meaning.The Semantics Of A Bitcoin LayerThe idea of a layer comes from two worlds, each of which uses a layered approach in a distinct manner: the world of money, and the world of networks. In this article we will briefly explore both worlds. After the concept of layers has been established, we will relate the layered framework to Bitcoin, which is a unique and new hybrid of both money and technology. We ...
Robo-Advisor Wealthfront Adds Bitcoin Exposure Offering
Robo-advisor giant Wealthfront will now let its 400,000 clients invest up to 10% of their portfolios in bitcoin through GBTC.Robo-advisor giant Wealthfront has announced it will provide its nearly 400,000 clients with the option to get bitcoin exposure through Grayscale Bitcoin Trust (GBTC).The firm, which provides a hands-free approach to investing and has $25 billion of assets under management (AUM), announced the new addition to its offerings on July 29. But clients will be limited to allocat...
The University Of Pennsylvania Continues to Hold Donated Bitcoin
The University of Pennsylvania confirmed today it still holds part of a $5 million donation it received earlier this year in Bitcoin.The University of Pennsylvania confirmed today it still holds part of a $5 million donation it received earlier this year in Bitcoin.As reported by the New York Times, John Zeller, senior vice president alumni relations at the university, stated that this decision was partly informed by the wishes of the anonymous donor. "The dono...
One Of Germany’s Largest Asset Managers 'Considering' Bitcoin Investment
Dekabank is reportedly considering investing in Bitcoin after a new law takes effect Monday, though it says "no decision has been made yet."Dekabank, one of Germany’s largest asset managers, is considering investing in Bitcoin, a spokesman for the firm told Bloomberg today. The news comes in advance of a new German law taking effect Monday that would make it possible for Spezialfonds to invest up to 20% of holdings in Bitcoin. In Germany, special funds are mainly used for investments by i...
Large Pockets Are Aggressively Accumulating Bitcoin
On-chain data shows that large-pocketed investors have begun to aggressively accumulate bitcoin.The below is a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.Big Money Making MovesOn-chain data has started to show that large-pocketed investors have begun to aggressively accumulate bitcoin.OTC Desk Outflows ...
Bitcoin Miners Consider Relocating to Paraguay In Wake of China Ban
As many as eight China-based Bitcoin mining firms are said to be looking to relocate operations to Paraguay, home to abundant hydroelectric energy.As many as eight China-based Bitcoin mining firms are said to be looking to relocate operations to Paraguay in the wake of the country’s crackdown on its domestic industry. Estimates suggest this migration could take place over years, and that as many as 500,000 machines could eventually be installed in the country, touted for its abundance of renew...
MicroStrategy Pledges to Add More Bitcoin to Corporate Balance Sheet
CEO Michael Saylor struck a defiant tone during a Q2 investor call, pledging to add more Bitcoin to its balance sheet while continuing to advocate for the cryptocurrency.Publicly traded business intelligence firm MicroStrategy is pledging to add more Bitcoin to a corporate balance sheet that already includes 105,000 BTC worth roughly $4 billion. In a statement issued before the conference, MicroStrategy CEO Michael Saylor noted: “We continue to be pleased by the results of the implementation o...
Why Bitcoin Will Take Over The World With Eric Yakes
In this episode of the “Bitcoin Magazine Podcast,” Eric Yakes describes how bitcoin is taking over the financial world.Watch this episode on YouTube. Listen To This Episode:BitcoinTVAppleSpotifyGoogleLibsynOvercastIt is often difficult for people new to Bitcoin to grasp the enormous innovation that it represents. A lot of background education that most people do not have is needed for someone to begin to grok what reinventing money really means. Eric Yakes, Author of the 7th Property: B...
The Infrastructure Bill Shows Why Bitcoiners Need To Be Politically Active
This is simply the latest development that shows the lack of understanding amongst policy makers.Editors note: this article has been updated with more information about the bill.The Senate procedural vote held late Wednesday night was a big step forward in the difficult process of brokering such a large infrastructure package in Congress. This is, however, the very first step for the package, and requires a few more hurdles before it reaches President Biden’s desk for an official signing to be...
Six Reasons To Withdraw Your Bitcoin From Exchanges
Here’s why you need to hold the keys to your own bitcoin and never store large amounts on exchanges.#1 – If your coins are on an exchange, you need permission from the exchange to spend them. In your own custody, you can do whatever you want and pay whomever you want, whenever you want, at the fee you want.You will understand this if you’ve ever wanted to move your bitcoin from an exchange and you were blocked because you needed to provide more identification documents or prove your source...
An Open Letter To My Children: Energy And Bitcoin
A heartfelt message from a father to his children in regards to the life-energy saving properties of Bitcoin.Dear Jen and Matt,As we reflect on Independence Day this year I was inspired to write this letter. If you’re going to put your life savings into something that will hold its value — energy — across time and space it helps to understand your choices. You can think of each hour of your labor — your energy — as having been traded for U.S. dollars when you work. So you’re storing ...
Israeli Draft Bill Aims To Force Investors To Report Bitcoin Holdings Above $61K
An Israeli draft bill seeks to demand that investors report bitcoin holdings above $61,000 to tax authorities, bitcoin advocates oppose.On Tuesday, a draft law was published by the Ministry of Finance of Israel that would demand investors there to report bitcoin holdings more significant than $61,000 to tax authorities.According to the proposed bill, the reporting requirement for bitcoin and cryptocurrency holders aims to optimize tax collection. If approved, the bill would mandate that anyone i...
Greenidge Generation To Repurpose Old Coal Ash Landfill Into A New Solar Farm
Bitcoin miner Greenidge announced today its plans to expedite the closure of an old coal ash landfill and turn it into a solar farm.Bitcoin mining firm Greenidge Generation announced today its plans to expedite the closure of a forty-year-old coal ash landfill in the Finger Lakes region, New York, and turn it into a new solar farm.“I am thrilled that the success of our clean bitcoin mining operation is not only creating great high-tech jobs for residents here, and supporting local businesses, ...
Compass Mining To Offer U.S. Clients Tax-Efficient Bitcoin Mining
U.S. Clients of Compass mining can now mine bitcoin directly into a Choice Individual Retirement Account without triggering a taxable event.U.S. clients of Compass mining can now mine bitcoin directly into a Choice Individual Retirement Account without triggering a taxable event, per a press release sent to Bitcoin Magazine. Under the current tax laws, revenue from Bitcoin mining is taxed as income. Currently, miners must also pay capital gains taxes when they are forced to sell some of their bi...
Survey: 85% Of Bitcoiners Care About An Exchange Funding Bitcoin Development
According to a survey conducted by Okcoin, a large majority of Bitcoiners care about helping fund Bitcoin development.The development of Bitcoin, to those unaware, can seem like a mysterious machine acting behind hidden curtains. Not unlike the Wizard of Oz, hidden behind all of the smoke and fire are normal human beings dedicating their lives to improving the network which we so cherish. In a recent ebook done in partnership with Brink and OpenSats, bitcoin exchange Okcoin conducted a survey in...
The Growing Financialization Of Bitcoin
With bitcoin further integrating itself into Wall Street, large-scale speculative attacks will become far more prevalent.The below is a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.In a recent podcast discussion with Frank Chaparro of The Block, Patrick Sells, head of banking solutions at NYDIG, discussed what NYDIG was doing to help ...
PayPal to Expand Bitcoin Buying to UK, Says Wallet Withdrawals in Progress
PayPal's launch of Bitcoin buy and sell services in the U.K. could allow hundreds of thousands of customers to get exposure to its price movements.PayPal president and CEO Dan Schulman has issued new details about the payment giant’s Bitcoin and cryptocurrency services expansion.As part of the company’s Q2 earnings call Wednesday, Schulman hinted at the possibility of buy and sell functionality becoming available in the U.K. as soon as next month, a development that would find PayPal followi...
LUXXFOLIO Begins Active Bitcoin Mining Operation
Vertically integrated bitcoin miner LUXXFOLIO has announced 80% of the company's first batch of rigs are up and mining.Vertically integrated bitcoin mining company LUXXFOLIO Holdings has announced that 80% of the first batch of miners the company received earlier this month are already up and mining.The new bitcoin mining machines, which were received on July 19, 2021, are currently running at around 41 petahashes per second (PH/s). The firm said it expects the remaining rigs to be installed in ...
The Truth Behind Bitcoin’s Opposition
Bitcoin represents a threat to the United States dollar and its global hegemony backed by endless war.What do Saddam Hussein and Bitcoin have in common? According to the government, they both have ties to terrorism. In reality, both threaten the United States dollar (USD) and its global hegemony.“One man's terrorist is another man's freedom fighter.” — Gerald Seymour Throughout this article, we are going to peel back the layers of inflationary monetary policy to be able to answer these thr...
Financial Protestants: How The Bitcoin Revolution Resembles The Reformation
Various similarities exist between The Protestant Reformation and the revolution being built around Bitcoin.The European Renaissance is generally held in high regard in the Bitcoin community as a model of a contrarian, revolutionary impact on the world. This movement was driven by humanist thought leadership and philosophy, scientific discovery, geographic exploration and artistic evolution. Likewise, Bitcoiners have been champions of pushing the boundaries of society’s status quo, looking to ...
Seetee Invests In Bitcoin Lightning Company Breez
Norwegian investment company focused on Bitcoin, Seetee, has become the newest investor in the Bitcoin and Lightning company Breez.Bitcoin payments company Breez has announced that Seetee, the bitcoin-focused subsidiary of Norwegian investment group Aker, has become their newest investor.“Seetee’s investment shows that they believe Breez can help bitcoin achieve its destiny as a currency and do so in accordance with Bitcoin’s foundational principles of openness, decentralization, and auton...
Your Financial Data Is Not Private, Bitcoin Can Fix That
By practicing these tips, HODLers can ensure privacy in a financial data hungry world.On April 4, 1933, probably only a handful of Americans were prudent enough to hold gold coins in their homes. There seemed to be nothing wrong with keeping the gold safe in the banks, after all. All of this changed a day later when President Roosevelt announced Executive Order 6102, "forbidding the hoarding of gold within the continental United States." Whoever trusted third party providers for their security a...
Genesis Digital Assets Raises $125 Million To Expand Bitcoin Mining Operations
Genesis announced a $125 million round of equity funding to further expand the bitcoin miner's industrial-scale operations.Genesis Digital Assets, a bitcoin mining company active since 2013, has announced a $125 million round of equity funding to support the firm's expansion plans.The round came from Kingsway Capital, a UK-based private equity fund. Kingsway is focused on frontier emerging markets and has over $2 billion in assets under management (AUM). Their CEO, Manuel Stotz, who joined Genes...
First U.S. Bitcoin Mutual Fund Launched By $60 Billion Fund Manager
The first publicly available U.S. mutual fund that generally tracks the price of Bitcoin has been launched by a $60 billion fund manager.In a press release this morning ProFunds announced the launch of its Bitcoin Strategy ProFund (BTCFX). This will be the first publicly available U.S. mutual fund that generally tracks the price of Bitcoin. Image source On the ease of access and mass exposure that this mutual fund will provide, ProFunds CEO Michael Sapir s...
Bitcoin Optech #159: Stack Exchange And Taproot
This week’s newsletter features regular sections like Bitcoin Stack Exchange Q&A and the latest column about preparing for Taproot.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.Thi...
Escrow Company Issues First-Ever Bitcoin-Backed Real Estate Loan
Glen Oaks began accepting Bitcoin in 2018 and sees the loan as proof the cryptocurrency’s value proposition is becoming clearer to debtors and creditors.Glen Oaks Escrow, one of the largest independent escrow companies in California, has facilitated its first refinancing through a Bitcoin-backed loan. In a press release issued today, the company said this marks the first time a refinancing has been completed with a buyer using Bitcoin as collateral.Glen Oaks began accepting Bitcoin payments in...
Luxor Technologies Announces New Crypto Mining Stock Index
Luxor Technologies, Bitcoin mining pool and data analytics firm, now features a mining stock index on their Hashrate Index data platform.Today, Bitcoin mining pool and data analytics firm, Luxor Technologies, announced that they are now featuring a mining stock index on their Hashrate Index data platform. This Crypto Mining Stock Index (ISIN) was described as a basket of over 50 mining or mining-adjacent equities, per a release sent to Bitcoin Magazine.In the ISIN, each equity is weighted based ...
Lolli Closes $10M Series A Funding Round Led By Logan Paul, Chantel Jeffries and Sway House Creators
Bitcoin rewards company Lolli closed a $10 million Series A round led by eye-catching social media influencers and celebrities.Today, bitcoin rewards company Lolli announced they’ve closed a $10 million Series A round led by celebrities Logan Paul, Josh Richards and Acrew Capital, who was joined by Banana Capital, Formula, Up North Management and Animal Capital, the Gen-Z venture firm founded by TikTok's Sway House, according to a press release sent to Bitcoin Magazine.Many of Lolli’s early ...
Gauging Institutional Interest Around Bitcoin
Bitcoin's scarcity, both perceived and realized, sells.The below is a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.HODL Waves "Do you know that when bitcoin went from $17,000 to $3,000 that 86% of the people that owned it at $17,000, never sold it?"Well, this was huge in my mind. So here’s something with a finite supply and 86% of t...
$7 Billion Investment Firm Horizon Kinetics Grows Bitcoin Exposure
Horizon's Paradigm fund now maintains a 5.8% allocation to GBTC, making Bitcoin exposure effectively its second largest holding.Investment firm Horizon Kinetics has revealed new details about how it has used Bitcoin to improve the performance of one of its top equity funds. In an interview with Financial Times, the $7 billion investment firm revealed its Kinetics Paradigm fund increased exposure to the Grayscale Bitcoin Trust (GBTC) in Q2 2021. As of June 30, the Paradigm fund maintained a 5.8% ...
What Will A Bitcoin ETF Mean For Adoption?
Matt Hougan of Bitwise discussed when a bitcoin exchange-traded fund (ETF) will be approved in the U.S. and what it will mean for investors.Watch This Episode On YouTubeListen To This Episode:BitcoinTVAppleSpotifyGoogleLibsynOvercastIn this episode of the “Bitcoin Magazine Podcast,” hosts David Zell and Dylan LeClair sat down with Bitwise CIO Matt Hougan to talk about the highly-anticipated but yet-to-be-approved U.S. bitcoin exchange-traded fund (ETF). At the helm of ETF.com for more than a...
Utah Oil Producer Is Using Otherwise Wasted Gas To Mine Bitcoin
Wesco has stopped flaring excess natural gas and is now using it to mine bitcoin, reducing carbon emissions and increasing profits.Wesco Operating Co., an oil producer near Moab, Utah, found in Bitcoin a solution to a years-old problem – the wastage of natural gas that can’t be shipped to market, The Salt Lake Tribune reported.The company pumps crude oil out of 18 north of Moab, producing natural gas as a byproduct. However, it had been torching a big part of that gas because it couldn’t s...
Taleb Vs. Taleb: A Question Of Time, Lindy And Portfolios
The famous economist often acts contradictory and has denounced Bitcoin despite examples of previous understanding.I joined Nassim Nicholas Taleb’s very extensive block list about two years ago. It’s not a very exclusive crowd and many more erudite people than me have received the patented “Imbecile” tweet that signals an imminent Taleb block. My crime? I had quoted “Antifragile” back at him in an argument over something I can no longer remember. (I proudly cherish the screenshot of ...
Why Aren’t More Bitcoin Miners Setting Up Shop In Canada?
As more bitcoin miners migrate from China, they are hesitant to set up shop in Canada, despite abundant energy and a cool climate. But why?Canada seems to offer many of the advantages for successful bitcoin mining — lots of stranded renewable energy (mostly hydro), a cooler climate (which is easier on equipment) and a lower fiat currency value (more competitive than the U.S. dollar).But even with China losing more than 20% of its hash rate in recent weeks because of forced regulatory shutdowns...
Bitcoin Miner Stronghold Files For Nasdaq IPO
Stronghold, a bitcoin mining company powered by waste coal, has filed an S-1 form with the SEC for a $100 million IPO on the Nasdaq.Bitcoin mining company Stronghold Digital Mining has filed with the U.S. Securities and Exchange Commission (SEC) for a proposed $100 million initial public offering (IPO). The firm plans to list its Class A common stock on the Nasdaq Global Market under the ticker SDIG.Stronghold is a vertically integrated bitcoin mining company that operates a wholly-owned, low-co...
Crusoe Energy Seeking Loan To Expand Bitcoin Mining Operations
Crusoe, a data center company dedicated to mitigating gas flaring, is reportedly seeking a loan to expand its bitcoin mining operations.Datacenter firm Crusoe Energy Systems is sounding investor interest for a loan to expand its bitcoin mining business, Bloomberg reported.The firm is seeking a $100 million to $125 million debt deal backed by Crusoe's bitcoin mining and generation equipment. Deal discussions are reportedly in the early stages.Crusoe wants to close an investing deal by the end of ...
Solteir Mining To Power Operations With Solar Energy In Partnership With OPTEC
Bitcoin mining company Solteir announced a partnership with OPTEC to have its mining operations in Pennsylvania run on clean solar energy.Bitcoin mining firm Solteir announced its new renewable energy mining partnership with OPTEC International. The collaboration will leverage OPTEC's solar-paneled generators to mine bitcoin at Solteir's mining facility in Bradford County, Pennsylvania."We are very excited to be announcing our pilot solar partnership with OPTEC International," commented Jesse Fa...
Bitcoin Price Surges On Massive Short Squeeze
The bitcoin price surged to $40,000 on Sunday, but what was the reason for the move and why was it so explosive?The below is a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.The short squeeze finally arrived. Late Sunday evening, the bitcoin price started to run and absolutely exploded higher, touching $40,000 on certain exchanges and h...
Despite Volatile Quarter For BTC Price, Invictus’ Bitcoin Emphasis Garners Investor Returns
Promoted: Invictus Capital, which offers indirect bitcoin exposure to investors, saw impressive returns in Q2 2021.This is a promoted article provided by Invictus Capital. The second quarter of the fiscal year 2021 saw some serious ups and downs for the world of bitcoin, but nevertheless, Invictus Capital was able to deliver its investors the kinds of returns they’ve come to expect. On July 19, Invictus Capital released a quarterly report for the second quarter of 2021, describing some of the ...
Bitcoin Transforms Evil Into A Greater Good
The duality of evil and good are reconciled in a technology designed to acknowledge inherent human characteristics.Bitcoin, Alchemy of Money: Transforming Evil Into Greater GoodBitcoin teaches us that evil can be overcome, not with resistance or punishment, but through our willingness to understand and integrate all sides of our nature. From resource wars to human rights abuses and economic exploitation, greed and selfishness is now out of control. This has led to the breakdown of the curre...
Bitcoin IRAs Are Rising In Popularity In The U.S.
Bitcoin-funded IRAs are surging in popularity in the U.S. as Americans seek a wealthier retirement.Bitcoin-funded Individual Retirement Arrangements (IRAs) have surged in popularity in 2021, CNBC reported. Americans have flocked to retirement arrangements powered by Bitcoin as the Federal Reserve has steadily been increasing liquidity in the economy.BitcoinIRA, a company launched in May of 2016 offering investors a tax-advantageous IRA coupled with the massive returns of bitcoin, currently has m...
Bitcoin Brings A Foundation Of Truth To Money
Mitch Klee discussed what it means for Bitcoin to introduce trustworthy, foundational money to the world.Watch This Episode On YouTubeListen To This Episode:AppleSpotifyGoogleLibsynOvercastIn this episode of Bitcoin Magazine’s “Meet The Taco Plebs,” I talked to the one and only Mitch Klee, a repeat contributor here at the magazine and common presence in our Twitter Spaces. Mitch and I discussed several topics, including his inspiration for both of his Bitcoin Magazine articles. These touch...
Bank Of England 'Britcoin' Will Fuel Rising Bitcoin Prices, Says deVere CEO
Nigel Green has reportedly commented on the UK's new CBDC initiative, remarking how it might backfire and help propel Bitcoin adoption.Nigel Green, CEO of independent financial advisor and asset manager deVere Group, reportedly said that the Bank of England's rumored digital currency Britcoin, which aims to overtake Bitcoin, will backfire.Green's comments come after it was reported in April that the UK was considering implementing a central bank digital currency (CBDC) "aimed at tackling some of...
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