As the Grayscale Bitcoin Trust trades at a discount, demand won't be reflected in the bitcoin price.The below is an excerpt from 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....
It might seem hyper-bullish, but there is real reason to believe such an ascension in price could occur.Bitcoin will experience three halvings this decade, the first in 2020, the second in 2024 and the third in 2028. Counting the 2020 halving that already occurred last year, Bitcoin has experienced a total of 3 halvings since its launch in 2009. Historically, in the...
A look at the securing mechanisms of the global monetary system millions entrust their value with.I’m going to talk about the security behind Bitcoin addresses and keys, called Public Key Cryptography. This includes SHA256, Random Number Generators(RNGs),...
In this episode of “The Van Wirdum Sjorsnado,” the hosts discussed the lock in of Bitcoin’s Taproot soft fork upgrade.Watch This Episode On YouTubeListen To This Episode:...
Major financial institution BBVA is launching bitcoin trading and custody for clients in Switzerland.Madrid-based financial services giant BBVA, one of the largest financial institutions in the world, will soon offer bitcoin trading and custody services through its Swiss subsidiary.“After six months of testing with a selected group of users, BBVA Switzerland makes its first crypto-asset trading and custody...
Miami Mayor Francis Suarez said his city could offer cheap, nuclear energy to Chinese miners who face harsh regulation.Miami Mayor Francis Suarez told CNBC that his city’s doors are open to Chinese bitcoin miners who have recently faced a crackdown from officials in their home country.“We...
Goldman Sachs is now trading bitcoin futures blocks with Galaxy Digital serving as a liquidity provider, a major institutional BTC offering.Multinational investment bank Goldman Sachs is now trading bitcoin futures blocks with Galaxy Digital Holdings serving as its liquidity provider and providing quotes for buy and sell orders.“The trades represent the first time that Goldman has used a digital assets firm...
Officials in Sichuan, a major bitcoin mining hub in China, have reportedly issued a shutdown order for bitcoin mining operations there.According to three local media reports, officials in the major Chinese bitcoin mining hub of Sichuan have reportedly issued an order to shut down regional bitcoin mining operations for inspection. However, it is unclear how long the miners will be expected to...
Aaron Segal joined the “Bitcoin Magazine Podcast” to discuss the “bitcoin as digital gold” narrative.Watch This Episode On YouTubeListen To This Episode:...
An excerpt from Bitcoin Magazine's Deep Dive: How Bitcoin miner capitulation is driving the bitcoin price down.The below is an excerpt from 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...
The African country is primed to embrace bitcoin, culturally and economically.Africa is large, young and dynamic. What happens when a country like Ethiopia puts Bitcoin to the ultimate stress test?I. Little Brother BitcoinEthiopia, like most countries, is bound to have a Central Bank Digital Currency (CBDC), in the flavor of a U.S. dollar backed Ethiopian birr. This new CBDC will...
If the U.S. attempted to ban bitcoin, an endless digital game of whack-a-mole would ensue.In the world of media, “If it bleeds, it leads,” is still very much a fashionable trope. However, when it comes to Bitcoin, there’s a new trope in town: “If it misleads, it leads.”In a recent article for...
Toronto-based Bitcoin mining firm Bitfarms expects to begin trading under “BITF” on the Nasdaq stock market on June 21.Toronto-based Bitcoin mining business Bitfarms has announced that it will begin trading under the symbol “BITF” on Nasdaq on June 21. Common shares of the company have received DTC eligibility and it will retain its listing on the TSX Venture...
Bitcoin rewards platform Lolli has launched a mobile app available on iOS devices.Bitcoin rewards platform Lolli has announced the launch of a mobile app available on iOS devices. The app gives users the ability to take advantage of Lolli’s “sats-back” ecommerce model, which offers bitcoin rewards for purchases and mainstream retailers including Microsoft, Kroger and Ulta Beauty. Previously, this was only...
The Lightning Network, Bitcoin’s Layer 2 solution for fast and cheap transactions, has crossed the 1,500 BTC capacity milestone.The Lightning Network, a Bitcoin Layer 2 scaling solution proposed in 2015 by Joseph Poon and Thaddeus Dryja, has grown a lot in just a few years. Now, the network has achieved a significant milestone of housing...
The National Republican Congressional Committee has become the first national party committee to solicit bitcoin donations.According to Axios, the Republican Party's U.S. House of Representatives campaign division will start accepting contributions in bitcoin, making the National...
A new attack vector following the Ledger data breach of July 2021 involves sending convincing but fake hardware wallets to victims.Victims of a hack of customer data held by bitcoin hardware wallet provider Ledger, which happened almost a year ago, are still apparently being targeted by scammers. Over 1 million victims of the...
Revealing misunderstandings, the World Bank has rejected El Salvador's request for assistance in implementing a bitcoin standard.As reported by Reuters, the World Bank has responded negatively to El Salvador's request for help in fully implementing bitcoin as legal tender in...
Bitcoin investment platform FastBitcoins has announced an expansion to Australia to meet growing demand for BTC investment there.FastBitcoins, a platform that lets people invest in BTC online or in-person through prepaid vouchers, has announced that it will expand its platform to Australia and let customers there purchase bitcoin directly through their bank accounts.An announcement shared with...
In a recent tweet explaining why Tesla would no longer accept bitcoin, Elon Musk displayed a poor understanding of Bitcoin’s energy use.Bitcoiners yearn for the good old days of great debates with informed critics who were up for the intellectual challenge. It allowed the community to hone its thought processes, build knowledge and skills to widen the debate and discussion, and generally...
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