Following the latest report from Cambridge University that shows a large percentage of the Bitcoin network’s hashrate resides in the United States, the CEO of Twitter and Square, Jack Dorsey, has announced that Square is considering building a “bitcoin mining system based on custom silicon.” Square Considers Building a Mining System On the same day… Continue reading Jack Dorsey Says Square Is Considering Building a ‘Bitcoin Mining System Based on Custom Silicon’
Author: Jamie Redman
Could Advanced Quantum Computing Pose A Risk To Bitcoin Security?
Rapid progress in quantum computing could pose a risk to certain types of bitcoin transactions. So how can we combat this risk? Rapid progress in quantum computing is predicted by some to have crucial ramifications in domains using public-key cryptography, such as the Bitcoin ecosystem. Bitcoin’s “asymmetric cryptography” is based on the principle of “one-way… Continue reading Could Advanced Quantum Computing Pose A Risk To Bitcoin Security?
A Grayscale Bitcoin Spot ETF Could Be Right Around The Corner
We may see a physically-settled, spot Bitcoin ETF on the market sooner than later, as Grayscale announces intention to file early next week. We could have the first spot Bitcoin ETF on the market near the end of this year, as Grayscale intends to file for SEC approval for its product by “early next week,”… Continue reading A Grayscale Bitcoin Spot ETF Could Be Right Around The Corner
Bitcoin: The Stateless Emergence
Bitcoin offers the ability to decouple oneself from the state, offering financial access to everyone equally. Bitcoin transcends the nation-state and all expectations that come along with being associated with a fiat standard. Let’s talk about what it means to be a state currency so that we can understand Bitcoin’s transcendence. How Fiat Is The… Continue reading Bitcoin: The Stateless Emergence
The Ongoing Effort to Free Ross — Ulbricht’s Clemency Petition Closes in on Half a Million Signatures
As the end of 2021 nears, Ross Ulbricht remains in prison as he continues to serve his draconian double-life prison sentence for creating a website called the Silk Road. Ever since he was arrested, there’s been an ongoing effort to free Ulbricht, as a great majority of individuals and a large swathe of eminent organizations… Continue reading The Ongoing Effort to Free Ross — Ulbricht’s Clemency Petition Closes in on Half a Million Signatures
Impossible to Run Away From Cryptocurrencies Says Zimbabwe Finance Minister
Zimbabwe’s increasingly pro-crypto finance minister, Mthuli Ncube, recently told his colleagues in government that it is now impossible to run away from cryptocurrencies. Ncube said this after revealing that some 30% of the country’s youth are now invested in cryptocurrencies. Zimbabwe Ready to Make Concessions on Cryptos According to a report by the Herald, Ncube… Continue reading Impossible to Run Away From Cryptocurrencies Says Zimbabwe Finance Minister
Survey: 14% of Americans Want Crypto Rewards for Using Their Credit Cards
During the last few years, prepaid cards that offer cryptocurrency rewards have grown popular and a number of digital asset payment cards offer these types of rewards. This means instead of accruing frequent flyer miles or points, consumers get rewarded in crypto assets every time they make a purchase with the card. A recent study… Continue reading Survey: 14% of Americans Want Crypto Rewards for Using Their Credit Cards
Bitcoin Mining Operation Being Sued for Producing High Noise Levels in Tennessee
A bitcoin mining operation in Tennessee is being sued by neighbors due to the high level of noise the facility produces. The lawsuit, which was filed in August, asks mining operator Red Dog to shut down operations and pay personal damages fees, as well as compensate owners for decreased property values. The lawsuit could set… Continue reading Bitcoin Mining Operation Being Sued for Producing High Noise Levels in Tennessee
New SEC Filings Give the Impression US Regulators Approved a Bitcoin Futures ETF
The price of bitcoin jumped over 8% during the last 24 hours after a number of documents stemming from the U.S. Securities and Exchange Commission’s (SEC) web portal indicated that the Proshares Trust exchange-traded fund (ETF) could be listed as soon as next week. Proshares filed a post-effective amended prospectus on Friday that shows the… Continue reading New SEC Filings Give the Impression US Regulators Approved a Bitcoin Futures ETF
South African Regulator ‘Welcomes’ Binance’s Decision to Terminate Certain Services in the Country
A South African regulator, the Financial Sector Conduct Authority (FSCA), says it welcomes Binance’s decision to stop offering some of its services to South Africans. Productive Consultations In a statement , the FSCA suggested that the move by the cryptocurrency exchange came after it held “productive consultations” with the regulator. As previously reported by Bitcoin.com… Continue reading South African Regulator ‘Welcomes’ Binance’s Decision to Terminate Certain Services in the Country