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Jun 01 2021

Electric Vehicle Capable Of Mining Bitcoin Announced

Daymak is accepting pre-orders for the car, which will be capable of mining bitcoin utilizing solar technology.The Daymak Spiritus will be the first automobile capable of mining bitcoin, according to a news...

May 27 2021

Biden's $6 Trillion Budget Could Fuel Inflation Fears And Bitcoin Gains

The president wants to print like he’s got his own bitcoin bags, and there is no end in sight to the monetary expansion expected to come.When it rains, it pours. It appears that this is true for both weather and expansion to the monetary base of the United States. According to a report by the New York Times...

May 26 2021

Dhruv Bansal Combines Bitcoin And Science

We got to catch up with the CSO and Co-Founder of Unchained Capital in this pre-conference interview!At Bitcoin 2021, you’ll be able to experience a variety of speakers with many different backgrounds. One amazing guest we will be privileged to host is Dhruv Bansal, Co-Founder and CSO at Unchained Capital, and author of the “Bitcoin Astronomy” series discussing the...

May 21 2021

Everyone Who Bought And Held Bitcoin In 2021 Is Still Richer Than You

Despite ludicrous claims that bitcoin has decreased in value, those on a sat standard have been accumulating wealth at a discount.Bitcoiners need not fear — for those who have already determined that the bitcoin standard is the monetary policy for them, recent dips in nominal fiat value can only be good. You see, as determined in my previous article, “...

May 16 2021

Major Oil Spills Won’t Happen Under A Bitcoin Standard

May 16 2021 Published at Bitcoin Magazine under tags  culture environment oil sound money

Environmental disasters are the result of cut corners, and cut corners are the result of inflation.There has been, on a consistent basis, environmental fear, uncertainty and doubt (FUD) in regards to the electricity consumption of bitcoin mining, since Bitcoin began. I pose that not only does Bitcoin not harm the environment, it...

May 07 2021

If You Don't Buy Bitcoin, You Can't Be Rich

May 07 2021 Published at Bitcoin Magazine under tags  credit culture freedom inflation

Rich is a subjective term, yet it is apparent that those with no bitcoin unknowingly lack the freedom necessary for true wealth.Undoubtedly, fiat millionaires will read the title of this article and laugh. Languishing in mansions with foundations of debt, materialism and the physical world of fiat rich people is deceptively luxurious. Assuredly, the great empires of Rome, Venice and Constantinople also...

Apr 29 2021

Report: Chinese Officials Are Examining Bitcoin Energy Use

Apr 29 2021 Published at Bitcoin Magazine under tags  bitcoin mining business china energy

Beijing is reportedly examining the energy of “cryptocurrency miners” within the region, which may come to impact bitcoin mining operations.Officials in China’s capital of Beijing are conducting examinations of data centers involved in “cryptocurrency mining” to “better understand their impact on energy consumption,” according to a...

Apr 27 2021

El Salvador Surf Team Rides The Bitcoin Wave

The home country of Bitcoin Beach once again enjoys the immense benefits of the initiative that gave back to the community.The small Central American country of El Salvador can thank Bitcoin for pushing its national surf team to new levels. “Bitcoin has also helped El Salvador fund their National team and map out a training facility. On March 19, 2021, the Men’s...

Apr 26 2021

Tesla Announces Major Profit After Selling Small Portion Of Bitcoin

Apr 26 2021 Published at Bitcoin Magazine under tags  business elon musk tesla

Despite taking a reported $272 million in profit, Tesla still seemingly retains a majority of its original bitcoin stack.Tesla has sold portions of the bitcoin it held on its balance sheet, according to its latest quarterly earnings report. The auto-tech giant...

Apr 22 2021

Cash App Raises Minimum Bitcoin Withdrawal To 100,000 Sats

Apr 22 2021 Published at Bitcoin Magazine under tags  business cash app square

A raise to the Cash App bitcoin withdrawal minimum suggests increasing transactions and fees were becoming a burden.Square’s Cash App has raised its minimum withdrawal minimum to .001 bitcoin (100,000 satoshis), up from the previous minimum of .0001 bitcoin (10,000 satoshis). According to the Cash App withdrawal instructions...

Apr 21 2021

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...

Apr 06 2021

BitMEX’s Arthur Hayes Surrenders To Authorities

Apr 06 2021 Published at Bitcoin Magazine under tags  arthur hayes bitmex courts culture law

The former CEO of BitMEX has appeared in court in Honolulu and is out on $10 million bond, according to reports.The former chief executive officer of BitMEX cryptocurrency exchange, Arthur Hayes, has turned himself in. According to a Bloomberg report, although Hayes currently...

Apr 05 2021

Today, Bitcoin’s Satoshi Nakamoto Turns 46

Apr 05 2021 Published at Bitcoin Magazine under tags  culture satoshi satoshi nakamoto

An online profile for the pseudonymous creator of Bitcoin, Satoshi Nakamoto, includes an auspicious birthday of April 5, 1975.Eighty-eight years ago today, the United States Federal government issued Executive Order 6102, making citizen’s private ownership of gold illegal. This egregious overstep of government-mandated monetary policy is, coincidentally, the chosen date of Satoshi Nakamoto’s birthday, according to...

Microsoft ION's Daniel Buchner Wants To Decentralize Our Identities With Bitcoin

Apr 05 2021 Published at Bitcoin Magazine under tags  culture identification ion microsoft

The project is intended to decentralize identity, much like Bitcoin decentralized money.Microsoft recently announced that their ION v1 Decentralized Identity (DID) Layer 2 solution is now active on the Bitcoin mainnet. The DID technology enables identification of entities without relying on a...

Apr 02 2021

Bitcoin: The Aperture Of Money

Apr 02 2021 Published at Bitcoin Magazine under tags  culture energy ideas

Bitcoin concentrates monetary energy upon a single focus point, much like apertures focus light energy.Our perception of money is expanding. The way humans think about money, understand it, discuss it and interact with it is changing. As an inverse to previous regressions in freedom like the transition from the gold standard to the fiat standard, we now progress to the inevitably more...

Mar 29 2021

“Probably The Largest KYC Data Leak In History” Demonstrates The Importance Of Bitcoin Privacy

Mar 29 2021 Published at Bitcoin Magazine under tags  business hack kyc privacy

The alleged hack has left millions of users’ personal data — including passwords and addresses — available for 1.5 BTC on the dark web.As much as 8.2 terabytes of personal information data has allegedly leaked from users of India-based MobiKwik mobile payment’s wallet application and onto the dark web, according to a report from...

Mar 25 2021

Fidelity Joins Rush For Bitcoin ETFs With New Filing

Mar 25 2021 Published at Bitcoin Magazine under tags  bitcoin etf business fidelity

Fidelity has joined the wave of financial firms filing for regulatory approval to offer a bitcoin exchange-traded fund in the U.S.Fidelity is the latest financial institution to file for regulatory approval to offer a bitcoin exchange-traded fund, or ETF, with the U.S. Securities and Exchange Commission (SEC). This...

Microsoft Announces Completion Of ION V1 And Launch On Bitcoin Mainnet

Microsoft has launched its open-source, Layer 2 decentralized identification solution ION on top of Bitcoin mainnet.Microsoft has announced the completion of ION v1, a Decentralized Identifier (DID) technology, according to a press release sent to Bitcoin Magazine. The technology enables the...

Mar 24 2021

FTX Exchange In Talks To Sponsor Miami’s NBA Stadium

Mar 24 2021 Published at Bitcoin Magazine under tags  business ftx miami nba

As Miami seeks to position itself as the world’s Bitcoin hub, a cryptocurrency exchange is reportedly ready to sponsor its NBA stadium.The City of Miami is reportedly in the process of finalizing a deal with the FTX cryptocurrency exchange to sponsor the currently named AmericanAirlines Arena, home of the Miami Heat NBA...

Goldman Sachs Files For An ETF Capable Of Investing In Bitcoin

Mar 24 2021 Published at Bitcoin Magazine under tags  business etf goldman sachs

Financial institution Goldman Sachs has filed details with the SEC regarding an ETF that would “have exposure to … bitcoin.”Goldman Sachs has filed details with the U.S. Securities Exchange And Commission (SEC) regarding an exchange- traded fund (ETF) capable of investing in bitcoin.“The ETF is an...

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