Instant Settlement Series: The Gambling Industry

Somebody, somewhere, at some point decided they would destroy the competition by creating a barrier to entry. They made the barrier high so they could feel safe. It is logical to put a fence around your property, and perfectly fine to do so. The problem is when you put a regulatory fence over something that means you are not allowing anyone else to have a property like this. Just to make the distinction clearer a fence around your house is creating a cost for other people to get in the…

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Coinbase’s GiveCrypto Donates $3.6 Million To Brink To Fund Bitcoin Developers

GiveCrypto, an initiative founded by Coinbase CEO Brian Armstrong “to make direct donations to people in need”, has made a significant donation of $3.6 million to Brink, a non-profit organization dedicated to funding Bitcoin developers. Brink is excited to announce a $3.6m donation to our #Bitcoin development funding efforts from GiveCrypto! Thank you to @brian_armstrong and the @coinbase team as well as @johnhering and @FEhrsam for your support in making this happen! — Brink (@bitcoinbrink) February 16, 2024 Brink, founded by renowned Bitcoin developers John Newbery and Mike Schmidt, aims to…

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Fiat Is Artificial Money And Bitcoin Is Natural Money

I attended the Bitcoin Freedom Festival in Uvita, Costa Rica from January 18th through 20th. It was a unique event that was unlike any bitcoin gathering I’ve ever attended. There were over 30 speakers during the festival so I won’t try to cover each but there was one session that stood out and it involved a panel of indigenous women all who spoke through a translator. This panel said two things on the final morning which captured the essence of the festival. First, she made it clear they were guided…

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MicroStrategy’s Bitcoin Holdings Now Worth Over $10 Billion

MicroStrategy’s investment in bitcoin has reached a significant milestone, with the company’s holdings now valued at over $10 billion as BTC rises above $52,000. This achievement underscores MicroStrategy’s steadfast commitment to bitcoin as a long-term store of value and a hedge against inflation. JUST IN: MicroStrategy’s #Bitcoin holdings are now worth over $10 BILLION 🤯 pic.twitter.com/JhbGYtAmAI — Bitcoin Magazine (@BitcoinMagazine) February 15, 2024 Since its initial foray into Bitcoin in August 2020, MicroStrategy has consistently increased its holdings, viewing bitcoin as a key component of its treasury strategy. The company’s executive…

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First Ever Freedom Festival Held In Bitcoin Jungle Shows Bottom Up Adoption of Lightning

Over two hundred bitcoiners descended on Uvita from January 18th – 20th which is a popular seaside spot in Costa Rica. The Bitcoin Freedom Festival was billed as a spiritual gathering for those who celebrate freedom money, nature and sovereignty. What many bitcoiners are still discovering about this beautiful place along the southern Pacific coast is that Uvita and Dominical, {the town 18 km north} are the region known as Bitcoin Jungle. One Of A Kind Bitcoin Festival The Bitcoin Freedom Festival was held at The Awake Center in Uvita.…

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Elizabeth Warren Pivots on Bitcoin, Honors Nakamoto With Flag Over Capitol

In an unexpected turn of events, Elizabeth Warren, the long-time adversary of Bitcoin on Capitol Hill, has seen the orange-tinted light and quite literally raised a flag to praise the work of Bitcoin’s anonymous creator, Satoshi Nakamoto, celebrating 15 years since the network launched. In participation of the Capitol Flag Program, Senator Warren’s office submitted a request to commemorate Nakamoto’s accomplishment of creating the first “truly inclusive financial system,” with the colors of the United States being flown above the Capitol on December 18, 2023 – a date known to…

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Singlesig vs. Multisig: Bitcoin Self-custody Approaches Compared

If you want to remove custodial risk from your bitcoin holdings, you must take self-custody. Bitcoin custody is determined by whoever has the keys to control the bitcoin—if you aren’t holding the keys to your bitcoin, then someone else is. As the saying goes, not your keys, not your coins. Once someone decides that they want to hold their bitcoin in self-custody, the next question becomes how to do it. Most people discover early on that hardware wallets are the most secure way to use bitcoin keys. However, the options…

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DLCs Evolving To Meet Institutional Needs

Discreet Log Contracts are an old concept in this space at this point, proposed by Thaddeus Dryja (co-creator of the Lightning Network protocol) in 2017. DLCs are a smart contract structure designed to address three issues with contract schemes prior to the proposal: firstly the scalability of the smart contract itself, which required larger on-chain footprints for a larger set of potential outcomes; secondly, the issue of getting data external to the blockchain “into the blockchain” for contract settlement; and lastly, the privacy of users of the smart contract. The…

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New UK Rules Cause Consternation for Bitcoiners

The below is an excerpt from a recent edition of Bitcoin Magazine Pro, 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. New regulations from the British Financial Conduct Authority (FCA) have taken effect over UK businesses that deal with Bitcoin and other cryptoassets, leading to immediate public disapproval. These new regulations, quietly imposed in mid-February, came as a surprise to many of the users impacted. The FCA has already impacted several payment…

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FutureBit Partners With Rutgers University To Educate Students On Bitcoin

FutureBit, a leading provider of consumer-focused Bitcoin products, has unveiled its Higher Ed Pilot Programs in collaboration with universities across the United States, according to a press release sent to Bitcoin Magazine. This initiative marks one of the first instances of bringing Bitcoin hardware into academic settings, with Rutgers University Business School being among the initial partners. Announcing our Higher Ed pilot programs with campuses across the US! One of the first is with Professor Guthner @RutgersBSchool and @RutgersU! Our ability to provide plug and play vertically integrated Bitcoin systems…

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