Janet Yellen Sounds Like She’s Scared Of Bitcoin

Source This week, CNBC published a headline that recently-appointed U.S. Secretary of the Treasury Janet “Yellen sounds warning about extremely inefficient bitcoin.” Ironically, two days later CNBC published another article because the Federal Reserve’s systems are down. The article amplified her criticism of bitcoin’s value and energy consumption. The kicker is that it does so without actually comparing it to anything, which is absurd. So, here I am to address this one-sided journalism and lack of research. ”Treasury Secretary Janet Yellen issued a warning Monday about the dangers that bitcoin…

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Tether, Powell Testimony And Bitcoin Hegemony

Listen To This Episode: Apple Spotify Google Libsyn Overcast In this episode of Bitcoin Magazine’s “Fed Watch” podcast, hosts Christian Keroles and Ansel Lindner gave an update on bitcoin’s price action over the last two weeks, spoke about the Tether settlement with the NYAG, provided expert commentary on Chairman Powell’s recent testimony and dove deeply into how bitcoin fits into the macro landscape. Bitcoin’s price action has been quite volatile, but bitcoiners are used to that. After breaking out of January’s consolidation it rose 50 percent to threaten the round…

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As Bitcoin Surges, Investors Find Invictus Capital’s C10

This is a promoted article provided by Invictus Capital. As the bitcoin price finds its footing among all-time high levels, following a meteoric bull run that’s been ongoing for nearly a year, investors are increasingly looking for ways to get exposure to the asset. But many of these potential Bitcoiners are also interested in the broader cryptocurrency market, as well as mitigating the volatility that is so common in the space. Many within this group have found Crypto10 Hedged (C10), a unique index fund provided by Invictus Capital that allows…

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MicroStrategy Buys $1.026 Billion Of Bitcoin

After raising more than $1 billion dollars to buy bitcoin last Friday, MicroStrategy announced today that it has completed a purchase of approximately 19,452 BTC, purchased for an aggregate price of $52,765 per bitcoin. CEO Michael Saylor announced the monumental purchase via Twitter. MicroStrategy has purchased an additional ~19,452 bitcoins for ~$1.026 billion in cash at an average price of ~$52,765 per #bitcoin. As of 2/24/2021, we #hodl ~90,531 bitcoins acquired for ~$2.171 billion at an average price of ~$23,985 per bitcoin. $MSTRhttps://t.co/FbsRYhXEhn — Michael Saylor (@michael_saylor) February 24, 2021…

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LOT=true Or LOT=false? This Is The Last Hurdle Before Taproot Activation

The discussion on Taproot activation appears to have reached its final stage, with the remaining decision revolving around the activation parameter LOT. The code for Taproot, a proposed Bitcoin protocol upgrade for compact and privacy-preserving smart contracts, has been included in the most recent version of Bitcoin Core, currently the de-facto reference implementation for the Bitcoin protocol. The only remaining step is for the upgrade to activate on the Bitcoin network. But as a consensus system without central authority, Bitcoin protocol upgrades can be challenging. If one segment of the…

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Taproot Activation And The LOT Debate

You’ve probably already heard about Taproot, the new proposed soft-fork upgrade for Bitcoin, which will introduce a new signing algorithm and an enhanced, more private and flexible scripting mechanism. Now, while Taproot has been discussed for a long time, and its code has already been merged to Bitcoin Core, the actual upgrade has not yet taken place. That is, the changes were not yet activated and enforced by the network. The biggest question still left is how to coordinate the activation. Coordinating Changes To Bitcoin Why is coordination so important…

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Bitfinex, Tether Found To Misrepresent USDT Backing And Obscure User Fund Losses

After more than two years of legal battle and investigation, iFinex and stablecoin issuer Tether have agreed to an $18.5 million settlement with the New York Attorney General’s office (OAG) today while admitting to no wrongdoing. Originally promoted by findings stemming from a 2018 investigative subpoena, the OAG alleged in 2019 that cryptocurrency exchange Bitfinex used funds from Tether,  both of which are run by iFinex, to obscure some $850 million in customer funds losses caused by mismanagement or malicious action by payment processor Crypto Capital. Bitfinex and Tether have…

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Bitcoin, Lightning And Podcasting 2.0

Listen To This Episode: Apple Spotify Google Libsyn Overcast This week on the “Bitcoin Magazine Podcast,” host Christian Keroles sat down with long-time Bitcoin podcaster and advocate Anita Posch. Posch is the host of the fantastic “Anita Posch Show” where she highlights the efforts of Bitcoiners around the globe, especially bitcoiners in Africa and LATAM.  In this episode, Keroles and Posch focused on new podcasting technology being built on top of the Bitcoin Lightning Network. Podcasting started as the ultimate way for individuals to broadcast information without corporate influence. It…

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Financial Vampirism And Bitcoin

2020 was an unprecedented year in financial engineering. Unprecedented and yet… totally predictable if you pay attention to the right metrics. Source Market trajectories which have been set in motion, and remain in motion until acted on by an outside force, are being brought to bear on the world stage. No matter how many pundits regurgitate the notion that “nobody could’ve possibly seen this coming,” the truth is that the underpinnings of societal structure have been beset by a very predictable and destructive curse.  As markets become unstable following a…

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The Bitcoin Magazine Art Portal: Calling All Bitcoin Artists

It’s no secret that the world of fine art and collectibles has been massively disrupted by technologies stemming from the innovation of Bitcoin. Non-fungible tokens, colloquially known as “NFTs,” are a relatively new technology that has taken the art world by storm, generating millions of dollars in sales across platforms like Nifty Gateway, Async, SuperRare, MakersPlace, KnownOrigin, Rarible; the list grows. Projects like NBA Top Shot and CryptoPunks are leveraging this technology to create digitally-scarce art and collectibles worth thousands of U.S. dollars apiece! There have been large sums of…

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