Bitcoin Miner Bitfarms Mined 391 BTC In July With 99% Clean Energy

Bitcoin mining company Bitfarms has shared bitcoin production updates, including energy usage and the company’s strategic HODL mentality. Bitcoin miner Bitfarms has announced updates on its mining operations, including production and energy mix usage, as well as the company’s HODL strategy for bitcoin. The company has mined around 13 BTC per day with 99% clean energy. Bitfarms mined 391 new bitcoin during July 2021, the company’s most significant production rate in the year and approximately 96% more than its mining production in January 2021. The miner estimates it is mining…

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Hard To Soft Money: The Hyperinflation Of The Roman Empire

Historically, hyperinflation is a positive feedback loop of free money, illusionary wealth and greed. Almost two thousand years before the early 1920s Weimar Germany hyperinflation, there was the great currency debasement of the Roman Empire. Image source At the turn of the second century, the Roman Empire controlled all of Western Europe, parts of North Africa and the Middle East. Some estimate up to 65-100 million people lived under Roman rule, with 55–65 million as the most accepted range. — approximately 20% of the world population. Yet, 150 years later…

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French Fund Manager To Launch First EU-regulated Bitcoin Equities ETF

Melanion Capital has received approval to list an ETF that tracks a basket of bitcoin-related stocks, an EU Ucits first. Paris-based Melanion Capital, a derivatives and computer-driven fund manager, has reportedly received regulatory approval to launch an exchange-traded fund (ETF) that tracks Bitcoin-related stocks for investors across the European Union (EU). However, the fund will not be a bitcoin ETF since it won’t invest in or hold BTC directly. According to the Financial Times, Melanion’s ETF proposal received approval from French regulators who ruled that it meets key EU standards,…

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Nigerians Moved Nearly $40 Million In P2P Bitcoin Trading In 30 Days

Despite the ban in early 2021, Nigerians are trading millions of dollars worth of bitcoin in peer-to-peer markets every month. ​Nigeria has been leading the way for Bitcoin adoption in Africa despite its goverment’s recent efforts to reduce access to Bitcoin services to its people. In February, the Central Bank of Nigeria (CBN) reinforced legislation from 2017 that prohibits regulated financial institutions from dealing with bitcoin or facilitating payments for bitcoin exchanges. Notwithstanding the ban, Nigerians have resorted to peer-to-peer (P2P) trading and moved almost $40 million in BTC volume…

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Foundry Digital Grants 1 Bitcoin to Mempool.space

Foundry Digital has announced a grant of 1 bitcoin to Mempool.space in an effort to boost the Bitcoin ecosystem’s security and transparency. Foundry Digital, a provider of intelligence and capital for Bitcoin mining solutions to institutions, has announced a grant of 1 bitcoin to Mempool.space, a popular open source Bitcoin blockchain explorer, in an effort to boost the Bitcoin ecosystem’s security and transparency. In addition to the Bitcoin grant, Foundry have announced they will help develop mining features and tools, including an open transaction acceleration marketplace and a mining dashboard…

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Sticking To The Regulated Path For Bitcoin In Paraguay

Architects of Paraguay’s Bitcoin legislation argue that its regulatory framework is the best way to foster a mining industry in the country. A few weeks ago, Paraguayan Congressman Carlitos Rejala sent us a translated version of legislation seeking to clarify the legal status of bitcoin and other cryptocurrencies in his country. Coming shortly after lawmakers in El Salvador — located just 3,000 miles away — had established bitcoin as legal tender, many in the space were optimistic that this legislation would attempt to grant BTC similar status in Paraguay. That…

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Report: JPMorgan Opens Bitcoin Fund to Wealthy Clients

Banking giant JPMorgan Chase will reportedly soon offer a passively managed Bitcoin fund to clients. JPMorgan Chase has partnered with the Bitcoin-focused institutional-grade platform New York Digital Investment Group to offer the passively managed Bitcoin fund in-house, CoinDesk reports citing two sources close to the matter. Advisers at the bank were prepared for the offering in a launch call just yesterday, according to CoinDesk, who also reported that the fund will be “presented to clients as the safest and cheapest bitcoin investment vehicle available on the private markets.” A source…

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Bitcoin Fork Undergoes 51% Attack, Settlement Assurances Matter

The 51% attack on Bitcoin SV this week is an opportunity to highlight the importance of decentralized blockchain security. The below is from a recent edition of the Deep Dive, Bitcoin Magazine‘s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. The altcoin Bitcoin SV was 51% attacked earlier this week, and thus arose an opportunity to highlight the importance of the security model for “decentralized” blockchains. This tweet thread from Lucas Nuzzi does a…

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$364 Billion Investment Manager Invesco Files For Bitcoin ETF

Independent investment firm Invesco, which currently operates 233 ETFs in the U.S., quietly applied for a Bitcoin ETF on Thursday. Independent investment firm Invesco, which currently operates 233 ETFs in the U.S., quietly applied for a Bitcoin ETF on Thursday. The filing for a Bitcoin Strategy ETF falls under the 40 Act, a notable move that follows public recommendations by SEC Chairman Gary Gensler. Gensler spoke of the potential paths to a Bitcoin ETF earlier this week, at the time stating that he believes the act “provides significant investor protections”…

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Nick Sears Said No To College, Yes To Bitcoin, Is Making $54,000 A Year

Sears was 17 years old when he got into BTC mining, now he is 19, oversees a farm with 4,500 ASICs, and makes $54,000 a year. Nick Sears, a 19-year-old entrepreneur from Dallesport, Washington, has said no to college and yes to bitcoin when he was 17 years old and helped build a bitcoin mining farm in that town. Now, he earns $54,000 per year. “I don’t think about going to college at all, just pursuing further knowledge in the repairs of the miners,” Sears told CNBC. The 19-year-old lives…

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