Trending News
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AI-generated deepfakes pose a new threat to Bitcoin security, prompting urgent warnings and enhanced security measures.
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VanEck plans to donate 5% of potential Bitcoin ETF profits to support developers, signaling long-term commitment to Bitcoin.
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An international team led by Professor Walter de Heer created the world’s first functional graphene semiconductor, revolutionizing electronics and materials science.
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The rapid rise of Bitcoin mirrors the early days of the Internet.
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Bitcoin mining has continued to evolve with groundbreaking advancements. Recently, Mingxu Wang, the Director of Operations at Miningstore.com, explored the Green Hash Hydro facility, offering a glimpse into the promising future of hydro-cooling in bitcoin mining. This innovative approach is not just about enhancing the hashrate efficiency; it’s a leap towards more sustainable and effective…
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Millennials face parenthood challenges due to hyperconsumerism and soaring child-rearing costs, but Bitcoin offers potential solutions.
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The Islamic perspective on Bitcoin presents a debate among scholars, reflecting the intersection of finance and faith. This debate explores its compliance with Islamic principles and its potential for financial inclusivity.
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Exploring the Core of Bitcoin Maximalism Bitcoin Maximalism is a philosophy within the cryptocurrency community, emphasizing Bitcoin as the preeminent digital currency. Maximalists assert that Bitcoin embodies the ideal qualities of sound money due to its digital scarcity and true decentralization. They argue that Bitcoin’s unique protocol and anonymous creator, Satoshi Nakamoto, contribute to its…
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BitCluster, a Russian Bitcoin mining solutions provider, is set to launch a significant project in Ethiopia, which will revolutionize the cryptocurrency mining landscape. Scheduled to commence operations in January 2024, this venture involves the construction of a 120-megawatt (MW) data center in Addis Ababa, Ethiopia’s capital. The facility, spanning an impressive 30,000 square meters and…
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Like a strict mom laying down the rules for her household, Senator Elizabeth Warren, alongside Senator Roger Marshall, introduced the Digital Asset Anti-Money Laundering Act with a firm hand. Warren and Marshall originally introduced the Digital Asset Anti-Money Laundering Act in 2022. The legislation aims to mitigate risks posed by cryptocurrencies to U.S. national security.…
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GHash Mining’s model offers a win-win-win situation for energy developers, local communities, and investors. By turning mini-grids into profitable enterprises and generating profits for investors, it facilitates sustainable and profitable private investment in Africa’s electrification.
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The ongoing debate over the regulation of cryptocurrencies and exchanges continues to unfold under Gary Gensler’s watchful eye. As the SEC navigates this complex terrain, its actions will undoubtedly have far-reaching impacts on the future of digital finance.
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Bitcoin Ordinals have made headlines with their rapid expansion within the NFT domain. Claims of their market size outpacing other NFT platforms have sparked interest and debate. To fully grasp the implications of these developments, it’s important to assess the Bitcoin Ordinals market in relation to the overall NFT landscape.
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Bob Metcalfe is credited with the invention of Ethernet, a fundamental technology for local area networks (LANs). Ethernet has played a crucial role in the development and expansion of internet connectivity. Metcalfe’s work in this field was pioneering, significantly impacting how networks are structured and operate today. Regarding his tenure at 3Com, a company he…
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The US is experiencing a significant shift towards renewable energy, with states like Iowa, Texas, and California leading the way in wind and solar energy production. This trend underscores a growing commitment to sustainable energy for sectors like #Bitcoin mining.
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Max Keiser criticizes Sam Altman’s involvement in the controversial Worldcoin project, predicting potential legal challenges.
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Citadel Securities’ leader, Ken Griffin, alleges market efficiency is driven by active managers, not supply-demand mechanisms, sparking concerns about market manipulation.
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On December 15, 2023, the U.S. SEC rejected a petition from Coinbase, reinforcing its commitment to applying existing securities laws to crypto securities. This decision reflects a careful approach towards the dynamic crypto market, emphasizing the need for transparency, investor protection and compliance with already established laws.
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The SEC, led by Gary Gensler, is reconsidering its stance on Bitcoin ETFs influenced by recent court rulings.
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The US Consumer Price Index (CPI) for November 2023 rose slightly, continuing cost inflation since 2021. The core CPI, excluding volatile food and energy costs, also increased due to soaring housing costs.
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The hashprice, crucial for Bitcoin miners’ profitability, often decreases post-halving, impacting mining industry dynamics and Bitcoin market conditions.
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Senator Elizabeth Warren presented the Digital Asset Anti-Money Laundering Act, aiming to regulate cryptocurrencies, enhance national security, and prevent their use in illicit activities.
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Shohei Ohtani signed a record-breaking $700 million, 10-year contract with the Los Angeles Dodgers, the largest in professional sports history.
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The U.S. national debt has increased significantly from $16.07 trillion in 2012 to $30.92 trillion in 2022. This debt significantly decreases when converted into #Bitcoin due to its exponential increase in value.
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Michael Saylor, CEO of MicroStrategy, compares Bitcoin’s journey to LeBron James’s career, both exhibiting early volatility before achieving dominance.
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Interstellar Labs, a French biotech company, is developing self-sustaining BioPods for space agriculture and Earth’s climate solution, aiming to deploy on Mars by 2030.
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President Biden’s recent tweet on x.com claiming that “inflation was 0%” has sparked widespread discussion about the significant role of software in influencing public perception of economic data. The tweet from the @POTUS account claimed, “Inflation was 0% last month – and our economy grew by more than 5% last quarter. Bidenomics.” President Biden explained…
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The New York Knicks sued the Toronto Raptors, alleging they stole confidential information via their new staff, previously Knicks’ members. They’re seeking over $10 million in damages and injunctions.
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BlackRock’s iShares Bitcoin Trust (IBIT) has achieved unprecedented success, amassing $40 billion in assets under management (AUM) within 211 days of its January 2024 launch. This rapid growth positions the Bitcoin ETF among the top 1% of all exchange-traded funds by size, surpassing all ETFs introduced in the past decade. The surge in IBIT’s AUM…
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Jack Dorsey has backed the launch of a decentralized Bitcoin mining pool, OCEAN, aiming for enhanced transparency and efficiency.
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Binance will cease supporting Binance USD (BUSD) products by December 2023 due to regulatory concerns and a marked decrease in BUSD’s market capitalization.
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Binance CEO Changpeng Zhao resigned after pleading guilty to breaking U.S. anti-money laundering laws, partaking in a $4.3 billion settlement. Richard Teng succeeds him.
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Finance experts resist Bitcoin due to its disruptive impact on traditional structures; nevertheless, it increasingly gains mainstream acceptance.
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#Bitcoin Thought of The Day: Beef’s cost has risen by 200% in USD since 2011 but has dropped by 99.999% when priced in Bitcoin.
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Countries like Argentina, Panama, and could possibly move towards adopting Bitcoin as legal tender.
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SEC Commissioner Hester Peirce suggests possible readiness in SEC to approve spot Bitcoin ETFs, signaling a positive market outlook.
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Argentina’s President-elect Javier Milei aims to shut down the central bank, dollarize the economy, encourage cryptocurrency integration, and privatize state-run companies for economic reform.
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The SEC has filed charges against Kraken crypto platform for potential securities law violations and endangering customer assets.
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In an era of groundbreaking developments in artificial intelligence (AI), the digital currency Bitcoin has been hailed by Bitcoin Activist Max Keiser as humanity’s hope amidst the rise of potentially threatening AI advancements. Keiser’s comedic yet poignant declaration came in response to concerns about a new model of AI, known as Q*, which some fear…
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The U.S. SEC’s preference for cash creations in Bitcoin ETFs aligns with broker-dealer capabilities, indicating potential approval of a spot market Bitcoin ETF soon.
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Tether Holdings plans to invest $500 million over six months to become a significant player in the Bitcoin mining industry, focusing on countries like Uruguay, Paraguay, and El Salvador.
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Jaron Lanier, Microsoft’s Prime Unifying Scientist, is advocating for a fairer distribution of wealth generated by AI. In an interview with Bloomberg, Lanier discussed the potential of AI to create substantial wealth and the need to distribute it fairly. He emphasized the importance of acknowledging and rewarding the contribution of individuals to AI systems, and…
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Canadian Bitcoin mining company HIVE Digital boosts operational efficiency by investing in 4,800 Bitmain’s Antminer S19k Pro units, enhancing its mining power and energy efficiency amid high production costs and upcoming Bitcoin halving event.
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ARK Invest CEO, Cathie Wood, projects Bitcoin’s value could reach between $1 million to $1.5 million, driven by increased confidence, exchange-traded fund gains, and a potential spot Bitcoin ETF approval.
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Bitcoin’s blockchain-based system mirrors Henry Ford’s century-old vision of an “energy currency”, disrupting traditional finance and potentially mitigating economic disparities and conflicts.
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Boyaa Interactive plans to invest $100 million in cryptocurrencies like Bitcoin and Ethereum, indicating a strategic move towards digital assets as part of its investment portfolio.
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Draymond Green of the Golden State Warriors was indefinitely suspended by NBA for striking Jusuf Nurkic during a game, amid a history of unsportsmanlike acts. Losses mount to $154,000 or about 3.5 #Bitcoin per game. #BitcoinVersusSports
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Bitcoin has outperformed gold significantly since being adopted by MicroStrategy in 2020, with observers touting the cryptocurrency as a modern store of value and a compelling choice for investors seeking significant wealth increase.
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Bitcoin has once again proven its resilience and potential for growth, marking a significant upturn despite the broader market’s hesitancy. Wall Street Bets’ @wsbchairman recently highlighted this trend on x.com, noting that Bitcoin’s value soared by an impressive 105% following Jim Cramer’s advice to sell. This observation taps into the wider phenomenon known as the…
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Boston Dynamics showcased its advanced robots, Spot and Stretch, at Yahoo Finance’s Invest summit. Spot leads in autonomous warehouse navigation, while Stretch automates physically demanding tasks, aiming to revolutionize industries.
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El Salvador’s adoption of Bitcoin as legal tender has drastically transformed its crime-ridden society, fostering peace, and undermining the economy of criminal enterprises.
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Michael Saylor predicts a future where companies hold Bitcoin as assets – not liabilities – on balance sheets. He believes this could increase long-term value for stakeholders and redefine corporate financial strategies.
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Marathon Digital Holdings, in collaboration with Nodal Power, is launching a Bitcoin mining project powered by landfill-generated methane, aiming to reduce environmental impact and energy costs.
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The Yzer app is a user-friendly educational platform fostering financial literacy related to Bitcoin. It enhances learning with rewards, facilitates community interaction, and simplifies complex topics into easily digestible lessons.
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Bitmain, a leading manufacturer of cryptocurrency mining hardware, has taken a significant step forward in product durability by applying a protective conformal coating to the temperature sensors of its hashboards. This advancement is poised to enhance the reliability and lifespan of mining equipment, a crucial factor in the competitive world of Bitcoin mining. Conformal coatings…
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Fidelity Investments’ Jurrien Timmer views Bitcoin as an agile, robust hedge against monetary instability, exceeding traditional gold, and predicts its value to reach $100K by the end of 2023.
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In the financial world, the emergence of Exchange-Traded Funds (ETFs) for gold, specifically SPDR Gold Shares (GLD), marked a pivotal point. Launched in November 2004, GLD transformed gold investing, making it more accessible and liquid. This shift in gold investment offers a crystal-clear parallel to the potential journey of Bitcoin ETFs in the digital asset…
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El Salvador aims to emulate Singapore’s economic success by adopting Bitcoin, incentivizing tech innovation, and promoting Bitcoin as the key driver of financial growth.
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The final part of the “Power is Money” series explores the correlation between physics and economics, emphasizing the principle of conservation of energy and the Kardashev Scale. It discusses the significant role of Bitcoin mining in showing how energy mastery and smart resource management can drive economic growth, positioning Bitcoin as a revolutionary asset in…
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Welcome to the second article of the ‘Power is Money’ series, where I take you through a detailed account of a debate against Shan Belew, a Litecoin Maximalist on x.com. At this point, it’s 2024. I have absolutely no tolerance for anyone who advocates for another coin other than Bitcoin. We’re in the midst of…
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Bitcoin mining might one day shift to outer space, leveraging unique conditions like zero gravity and low temperatures for better efficiency.
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Yellow Card, a secure Bitcoin wallet platform, is transforming the financial landscape in Africa by allowing users and businesses to trade cryptocurrencies, gift assets, and pay bills in various local currencies.
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Anthony Pompliano, founder of Pomp Investments, provides insights on Bitcoin’s current status, driving factors, and potential #Bitcoin ETF approvals.
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Charlene Fadirepo, founder and CEO of Guidefi, is a leading voice advocating #Bitcoin in Africa.
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As Bitcoin’s value consistently rises, it outpaces the growth in employees’ pay, making the cryptocurrency an appealing alternative for savings. Meanwhile, disparities between corporate profits and employee wages continue to widen, with corporate profits more than doubling since 2000 while wages have struggled to keep pace with inflation.
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Morgan Stanley has expressed optimism about #Bitcoin’s future, predicting a significant bullish trend after the Bitcoin halving in 2024.
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An Interview with Lando Bahr, ShopInBit’s Visionary Leader In a recent episode of The Bitcoin Source, host Dawdu M. Amantanah sat down with Lando Bahr, the CEO of ShopInBit. Lando, also known as Lando Rothbardian, offered insights into the meteoric rise of ShopInBit, Europe’s leading Bitcoin online marketplace. Boasting a staggering inventory of over 800,000…
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Bitcoin enthusiasts outline currency’s boundless expansion possibilities. On the popular platform x.com, Bitcoin advocates are sharing insights that could paint a bright future for the cryptocurrency. TheBTCTherapist (@TheBTCTherapist) recently drew a fascinating comparison, highlighting just how early we might be in Bitcoin’s journey. Such comparisons emphasize Bitcoin’s untapped potential. Given the decentralized nature, limited supply,…
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In 2023, Bitcoin demonstrated unprecedented growth and stability, no longer the volatile entity it once was. This maturity coincided with an 83% price growth, reaching highs of $34,000, driven partially by increased investments from long-term holders and financial institutions, despite intermittent price drops.
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Warren Buffett, known for his criticism against cryptocurrencies, has indirectly benefited from the crypto revolution through his Berkshire Hathaway’s flourishing investment in Nubank – a cryptocurrency-friendly Brazilian startup bank.
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The Pacific Bitcoin Festival 2023 had a valuable session led by Bitcoin mining industry experts Bob Burnett, Steve Barbour, Taylor Monnig, Matt Lohstroh, and Lauren Lin. The discussion centered on the spectrum of cooling methods, from traditional air and immersion techniques to innovative hydro cooling methods. Air Cooling: The Old Reliable Air cooling is often…
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“Softwar,” authored by JP Lowery, offers an original perspective on the strategic implications of Bitcoin, associating it with power projection, a natural mechanism in living beings. Beyond financial utility, Bitcoin symbolizes a stage in abstract communication. Despite controversy surmounting its publisher and escalating its value, “Softwar” serves as a significant discourse in understanding Bitcoin’s intersection…
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Bitcoin’s valuation fell over 70% to $3,709 in 2018 due to tough market conditions and ad bans by Facebook, Google, and Twitter. Today in 2023, its price rebounded 10-fold to $30,000, cementing it as a key financial asset.
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Obi Nwosu, Co-founder and CEO of Fedimint, will be a key speaker at the Africa Bitcoin Conference, discussing Fedimint’s potential impact on Africa’s Bitcoin landscape.
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J.P.Morgan predicts a 20% drop in Bitcoin’s hash rate following the April 2024 halving event, due to obsolete mining equipment.
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The Pennsylvania House Committee approved the Cryptocurrency Energy Conservation Act, removing a proposal to ban Bitcoin mining. This follows pushback from labor unions, with the new act requiring detailed reports on miners’ energy usage and emissions.
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The iconic sports car brand, Ferrari, is now in the Bitcoin fast lane. Luxury and speed have always been synonymous with Ferrari. Now, the Italian sports car manufacturer is adding innovation to that mix by introducing Bitcoin payments for its vehicles in the U.S. In this pioneering move, Ferrari has teamed up with BitPay, a…
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Jack Dorsey’s new ‘hashboard’, packed with user-friendly features and efficiency, has potential to revolutionize Bitcoin mining. Promising optimal power efficiency and temperature regulation, the open-source system is set to launch next year.
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Marathon Digital is starting a Bitcoin mining site in Abu Dhabi, partnering with Saudi Arabia’s Sovereign Wealth Fund. CEO Fred Thiel predicts mining costs to double, hinting at possible market consolidations if Bitcoin’s price doesn’t stay near $40,000.
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Billionaire entrepreneur Michael Saylor anticipates Bitcoin’s rise, stating in an interview that recognising Bitcoin as an asset class could magnify its value 10 to 100 times. This concept, if realised through financial institutions and ETFs, could elevate Bitcoin to $250K-$2.5M per coin.
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High-yield credit trader Greg Foss forecasted on The Bitcoin Source podcast that Bitcoin could potentially reach a value of $2 million, highlighting the cryptocurrency’s unprecedented growth over the past eight years.
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Paul Tudor Jones, a billionaire and hedge fund leader, is endorsing Bitcoin and gold as viable investments due to potential looming economic challenges, Fed rate hikes, and geopolitical uncertainties. His words echo an increasing interest in these alternative assets amid potential market instability.
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The U.S. SEC declared altcoins like Solana and MATIC, lack innate value and classified them as unlicensed securities, provoking rebuttal from Coinbase’s chief legal officer. The regulatory debate over crypto legitimacy continues.
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Sam Bankman-Fried, founder of FTX, has been found guilty of financial misconduct in a landmark case, marking a significant step towards accountability in the cryptocurrency industry.
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FTX co-founder Gary Wang has revealed that he allegedly altered the FTX exchange code, under Sam Bankman-Fried’s guidance. The changes enabled Alameda Research, an affiliated hedge fund, to borrow limitless amounts from FTX clients from 2019 to 2022. Additionally, Wang discovered in 2021 that Alameda had a $200 million deficit with FTX.
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The Financial Conduct Authority (FCA) has expanded its watchlist, flagging 143 new crypto entities. Notably, this includes renowned cryptocurrency exchanges such as the Huobi-owned HTX and KuCoin. The FCA emphasizes that for firms to service UK customers, acquiring authorization or registration is non-negotiable. A review of the FCA’s records reveals a selective list of firms…
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The Bitcoin ecosystem has seen the Lightning Network grow exponentially, with River Financial being a significant advocate since 2019. The network has witnessed a 1,212% increase in routed transactions since 2021 and successfully routed $78.2m using 5,000 BTC in August 2023. Its increasing adoption by exchanges, forthcoming upgrades, and interest from non-Bitcoin businesses indicate a…
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A former managing director at BlackRock ignited optimism in the crypto community by suggesting that the U.S. SEC could soon approve a Bitcoin spot ETF. This could lead to a massive $17.7 trillion influx from institutional entities into the crypto market. Bitcoin ETFs mirror Bitcoin’s price, allowing investment without purchasing the coin.
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Ruben Galante, a Buenos Aires barber, has chronicled Argentina’s economic journey for over 20 years by recording haircut prices, rising from 15 to 3,000 pesos due to hyperinflation. Despite the country’s economic instability and the high poverty rate, Galante’s records highlight the city’s resilience. Increasingly, solutions like Bitcoin are seen as potential pathways to stability.
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Binance CEO, Changpeng Zhao, popularly known as “CZ”, predicts a prosperous future for Bitcoin. Post the 2024 halving, he expects multiple all-time highs, with a potential peak of $300,000 by 2025. His prediction is grounded on Bitcoin’s historical price increase after halving events and aligns with the bullish sentiment of industry experts.
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OpenAI CEO Sam Altman, on Joe Rogan’s podcast, highlighted Bitcoin’s potential for transformative impact. As the founder of Worldcoin, he sees Bitcoin as a significant step in technological progress. He expressed concern over governmental control over the cryptocurrency and criticized Central Bank Digital Currencies, reinforcing his belief in decentralization. Despite regulatory pressure and incidents like…
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In response to the Texas power crisis caused by extreme heatwaves, Bitcoin mining operations have been reduced by 90% or more daily, reported by the Texas Blockchain Council. This action of Bitcoin miners is aimed to ease the pressured power conditions. Riot Platform, a Bitcoin miner, also received $31.7 million in energy credits from the…
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Adam Back, CEO of Blockstream and a reputable figure in the crypto field, confidently predicts Bitcoin to reach a $100,000 valuation by 2024, undeterred by concerns like the COVID-19 pandemic and conflict in Ukraine that have led to price volatility. His assertions were made in a recent Bloomberg interview.
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Fidelity Digital Assets, a leader in the cryptocurrency sector, has highlighted Bitcoin’s unique potential over other digital assets in a recent study. Bitcoin’s security, decentralization, and predictable issuance rate make it a reliable store of value and the primary monetary good. Future digital assets may struggle to surpass Bitcoin and may face inevitable trade-offs.
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BitMEX founder Arthur Hayes forecasts Bitcoin’s value to soar between $750,000 to $1 million by 2026 in a recent interview. He attributes this impending growth to factors like rising adoption rates, interest from institutional investors, global economic conditions, increasing inflation, and growing skepticism towards central banks.
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Traditional asset management giant, BlackRock, indirectly invested in Bitcoin through an 8.1% stake in MicroStrategy, equivalent to 12,833 Bitcoin. As of June 30, 2023, BlackRock owned 6.71 million shares of MicroStrategy, translating to indirect Bitcoin holdings worth approximately $570 million. This indicates growing institutional acceptance of Bitcoin as mainstream finance and cryptocurrency become increasingly intertwined.
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El Salvador has unveiled its first Bitcoin mining pool, ‘Lava Pool’, powered entirely by renewable energy. The Lava Pool project, a collaboration between Volcano Energy and Luxor Technology Corporation, aims to decentralize Bitcoin’s hashrate while complementing the national energy grid. This initiative underscores their commitment to both technological innovation and sustainability.
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The U.S. Securities and Exchange Commission (SEC) is heightening its legal action against Coinbase, accusing the major cryptocurrency exchange of sidestepping regulations and operating illegally as an unregistered exchange. The SEC insists that most tokens fall under their jurisdiction, while Coinbase contends that it doesn’t deal in securities and urges crypto-specific regulations. The lawsuit’s outcome…
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Michael Saylor recently spotlighted “#Bitcoin and The End of History”, a piece by Bitcoin analyst Matthew Kratter. Kratter argues that the rise of Bitcoin may mark the real “end of history”, as it has the potential to prevent authoritarians from debasing or seizing private property. He suggests Bitcoin could drive governments to earn citizens’ loyalty…
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The financial world is seeing major shifts with Bitcoin potentially becoming a global monetary standard, according to Bitcoin advisor Max Keiser. This is driven by changes in regulatory environments and the possibility of SEC approving Bitcoin ETFs, as told by a former BlackRock director.
Bitcoin Versus 