Tesla CEO Elon Musk discussed his bitcoin investments and outlook in a live stream with Twitter CEO Jack Dorsey, ARK Invest’s Cathie Wood. Billionaire Tesla CEO Elon Musk discussed Bitcoin during a live-streamed session of The ₿ Word event, saying that he supports and holds the original cryptocurrency, as does his aerospace company SpaceX. “[Bitcoin] has an open ledger, which is quite good. But transaction volume is low, transaction cost is high and usability for the average person is not yet very good but has a lot of potential,” Musk…
Read MoreDay: July 21, 2021
Viking Silver Found on Isle of Man Represents 1,000-Year-Old Analog Version of Bitcoin
Off the coast of the Irish Sea, humans have lived on the Isle of Man since before 6500 B.C. The island has a robust history of Viking Age treasures. According to a recent announcement from Manx National Heritage, a heritage agency located there, an amateur treasure hunter recently discovered a hoard of Viking silver on the island. U.S.-based researcher and numismatist, Dr. Kristin Bornholdt-Collins, said the unearthed Viking silver hoard was similar to today’s cryptocurrency and embodied a 1,000-year-old comparison to Satoshi Nakamoto’s Bitcoin. Viking ‘Hack’ Silver Hoard Was Modern-Day…
Read MoreBlockstream Announces Greenlight Lightning Node Service
Blockstream announces Greenlight, where new users can be easily onboarded to Lightning while holding their own keys. Bitcoin giant Blockstream announced their latest product today which uses their cloud infrastructure to allow users to run a Lightning node while maintaining control over their own keys, per a press release sent to Bitcoin Magazine. For this product, the private keys never leave the user’s personal device, assuring them that they always have full custody of their funds. Greenlight users will be able to access the device with ease through a simple…
Read MoreMajor Crypto Mining Company Core Scientific Going Public on Nasdaq With $4.3 Billion Valuation
Core Scientific, a major blockchain hosting and digital asset mining company, is going public through a merger with Power & Digital Infrastructure Acquisition Corp. The deal values the combined company at approximately $4.3 billion. Core Scientific to List on Nasdaq Core Scientific Holding Co., one of the largest blockchain hosting and digital asset mining companies in North America, announced Wednesday its plan to go public on Nasdaq via a special purpose acquisition company (SPAC). The crypto firm has entered into “a definitive merger agreement” with Power & Digital Infrastructure Acquisition…
Read MoreFintech Firm Upgrade Launches 1.5% Bitcoin Rewards Credit Card
Upgrade has announced their new bitcoin rewards card that offers unlimited 1.5% BTC back on every purchase paid. Upgrade, a fintech company focused on providing credit for mainstream consumers, has announced its bitcoin rewards card launch. The new product is already available in the U.S. as a variation of the company’s standard card, offering users an unlimited 1.5% BTC rewards on every purchase paid back. “Upgrade Card is already delivering over $3 billion in annualized credit to consumers,” said Renaud Laplanche, co-founder and CEO at Upgrade, in the announcement. “Starting…
Read MoreChina Offers Medics Digital Yuan Insurance Policy for Covid-19
China’s first insurance policy using the digital yuan for settlement has been issued in Shenzhen, local media reported. The new product, targeting medical personnel exposed to coronavirus risks, is offered by the country’s largest insurer, Ping An. The financial giant also has fintech and healthtech entities under its umbrella. Ping An Teams Up With Bank of China to Offer Digital Yuan Insurance Policy In what has been described as another major step towards wider deployment of China’s central bank digital currency (CBDC), the first digital yuan-settled insurance policies have been…
Read MoreBitcoin Mining Firm Argo Blockchain Files for US Public Offering
Bitcoin mining company Argo Blockchain is the latest to seek a public listing in the U.S. markets, a sign of the market’s increasing maturity. London-listed Bitcoin mining company Argo Blockchain (LSE: ARB) has submitted a registration statement for an initial public offering (IPO) in the U.S. market. Announced Wednesday, the filing with the SEC indicates Argo is seeking to list on American Depository Shares, a commonly used mechanism by which public companies can expand to reach U.S. investors. The number of shares to be issued and their pricing is yet…
Read MoreUS Senators Seek to Forbid American Athletes From Receiving and Using Digital Yuan During Beijing Olympics
Three U.S. senators have urged the United States Olympic & Paralympic Committee to forbid American athletes from receiving or using digital yuan during the Beijing Olympics. Raising many concerns, including privacy, they warned, “Olympic athletes should be aware that the digital yuan may be used to surveil Chinese citizens and those visiting China on an unprecedented scale.” US Senators Raise Concerns About China’s Digital Yuan Three U.S. senators wrote a letter to Susanne Lyons, the chairman of the board of the United States Olympic & Paralympic Committee (USOPC), Monday with…
Read MoreHow The DCA Army Will Drive A $1 Million Bitcoin Price
The entire supply of bitcoin will eventually go to the zealot DCA army, bringing enough fiat into BTC that fiat ceases to exist. In a recent podcast episode with Stephan Livera, I made a claim that Bitcoin was the greatest charitable movement in history and that its “donors” were those who actively support Bitcoin on a daily basis through automated buying of Bitcoin, mining (“donors of last resort”), educating and promoting (i.e., “stacking stackers”) and generally making Bitcoin more useful and accessible to others (development and building products). Until a…
Read MoreHOPR Staking Lets You Earn Rewards and NFTs While Supporting Data Privacy
The HOPR protocol provides network-level and metadata privacy for every kind of data exchange. Designed to be better than TOR, the mixnet protects the identity of both sender and recipient by routing data via multiple intermediate relay hops that mix traffic. Now the project launches staking with NFT rewards and you can earn over 18.25% APR. The HOPR Staking Program HOPR, the first-ever open incentivized communication mixnet where users earn tokens for running nodes, is launching a gamified staking program. The contract is available for staking deposits from July 20th,…
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