Category: Cryptocurrency

Debunking Misconceptions From “The Bit Short: Inside Crypto’s Doomsday Machine”

As long time Bitcoiners, we are not shocked by the ongoing confusion around the nature of the bitcoin market. The reality is that, unlike other public markets, the bitcoin market has significantly more noise. There is noise around price valuation, noise around use cases, noise around data and noise from skeptics. It is very difficult…

January 30, 2021
After Elon Musk Changes Twitter Bio To “#Bitcoin,” BTC Price Surges

Early this morning, Elon Musk, the CEO of SpaceX and Tesla, as well as the richest person in the world, changed his Twitter profile to read “#bitcoin” and tweeted a cryptic message that many in the Bitcoin space interpreted as advocacy for the technology or acknowledgment that his tacit endorsement was bound to happen. In…

January 29, 2021
Bitcoin Miners Strain Under Semiconductor Supply Crunch, Second-Hand Mining Rig Prices Soar

Bitcoin mining rig manufacturers are dealing with a semiconductor supply crunch according to regional reports stemming from China. There’s been a global semiconductor supply shortage and it’s affecting nearly every type of business in the supply chain that manufactures cars, PCs, laptops, smartphones, and cryptocurrency mining devices. Moreover, the recent shortage has invoked the demand…

January 29, 2021
GameStop Is The Market Crying Out For Bitcoin

“The tour we’ve taken through the last century proves that market irrationality of an extreme kind periodically erupts — and compellingly suggests that investors wanting to do well had better learn how to deal with the next outbreak.” Warren Buffet Irrational markets are a given these days. For retail, fundamentals often do not drive investment…

January 29, 2021
Discussing Compact Client Side Filtering (Neutrino)

Listen To This Episode: Apple Spotify Google Libsyn Overcast In this episode of “The Van Wirdum Sjorsnado,” hosts Aaron van Wirdum and Sjors Provoost discussed compact client-side filtering, also known as Neutrino. Compact client-side filtering is a solution to use Bitcoin without needing to download and validate the entire blockchain, and without sacrificing your privacy…

January 29, 2021
Soteria To Launch Bitcoin-Backed, USD-Pegged Stablecoin

Soteria has announced the forthcoming launch of USDS, a USD-pegged stablecoin that is 100 percent backed by bitcoin, meaning that users can issue or redeem it in exchange for BTC. Testing of the product has concluded and Soteria expects to launch it in the near future. Stablecoins are digital currencies built to retain stable value,…

January 29, 2021
What’s Next For Bitcoin In An Era Of “Helicopter Money,” Negative Interest And Big Debt?

Searching For The Roots Of Bitcoin’s Narrative If we are to understand bitcoin’s meteoric rise, we must return to 2008. After all, the world’s largest cryptocurrency by market capitalization is a child of the global financial crisis (GFC). Once Lehman Brothers went into bankruptcy, many banks and financial institutions across the globe followed. Governments all…

January 29, 2021
Study: 60% of Digital Asset Holders Store Funds on Exchanges While Half Derive an Income From Crypto

Despite the risks that come with storing crypto assets with third parties, the findings of a new study suggest many cryptocurrency holders still trust exchanges with the safekeeping of their funds. Conducted by Binance Research, the study finds that 60% of “the general population store their cryptocurrencies on an exchange.” In contrast, 26% of the…

January 28, 2021
US Court Sentences ICO Fraudster to 6 Months in Jail: Orders the Accused to Pay Over $4 Million in Restitution

A U.S. court has sentenced Jerry Ji Guo, a resident of San Francisco, to an effective six months in prison for his role in a fraudulent initial coin offering (ICO). In addition to the prison term, the court ordered Guo to pay over $4 million in restitution. Further, Guo will also cooperate with the government…

January 28, 2021
Interview: Winning Hearts And Minds For Bitcoin

Listen To This Episode: Apple Spotify Google Libsyn Overcast In this week’s episode of the “Bitcoin Magazine Podcast,” Christian Keroles sat down with Andy Edstrom and Peter McCormack to discuss their recent contribution to Bitcoin Magazine “Winning Hearts And Minds For Bitcoin.” Both McCormack and Edstrom believe that Bitcoin is inevitable and that it has already…

January 28, 2021