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. In a shocking development to the international Bitcoin community, Binance founder and CEO Changpeng Zhao is stepping down from his role as part of a guilty plea on criminal and civil charges in the US. Binance, the largest digital asset exchange in the world by volume, has seen its very future…
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The Rise Of Ordinals And NFTs On The Medium Of Bitcoin
The Ordinals protocol was introduced to Bitcoin in early 2023 at a most opportune time. Bitcoin had nearly two years of low transaction fees from the lack of demand to actually send Bitcoin transactions. Bitcoin is considered to be the most secure blockchain in the world, but that security depends on miners who receive their revenue from transaction fees and block rewards. As part of the predetermined supply schedule, the block rewards are expected to be halved around April 2024 which would further drastically cut the miner revenue. To support…
Read MoreScaramucci: Spot ETF Will Help Wall Street’s Salesforce Drive Billions Into Bitcoin
If there’s one thing people are underestimating about a Bitcoin spot ETF approval, it’s the reality of Wall Street’s marketing engine. At least that was the takeaway from capital allocator Anthony Scaramucci’s most recent visit to crypto industry podcast “The Scoop.” In the interview, Scaramucci talked at length about how a Bitcoin ETF is poised to reshape the investing landscape. In particular, the founder of SkyBridge Capital, declared that an ETF “approved by the federal government” would unleash a salesforce tsunami, channeling billions into the cryptocurrency. Scaramucci, a Wall Street veteran, underscored…
Read MoreMicroStrategy Buys An Additional 16,130 Bitcoin For $593 Million
MicroStrategy, a leading business intelligence and software company, has continued its steadfast commitment to Bitcoin by purchasing an additional 16,130 BTC at a total cost of $593.3 million, Founder & Chairman Michael Saylor announced today. The purchase came as Bitcoin’s price has been experiencing upward momentum, reaching a recent yearly high of over $38,300. The company initially entered the Bitcoin market in August 2020, making a significant initial investment of $250 million into BTC. Since then, they have consistently added to their Bitcoin holdings, creating a treasury reserve strategy that…
Read MoreOne in Four Americans Own Bitcoin: Unchained Study
Unchained, a prominent Bitcoin financial services provider, released a new report today showcasing an interesting surge in bitcoin ownership among Americans. According to their findings, a one in four Americans and 55% of surveyed investors, defined by Unchained as those with at least one investment account between the ages of 18 and 78, own bitcoin. The study, which surveyed 402 US investors, revealed that 95% of current BTC owners are considering increasing their holdings in 2024. Remarkably, almost half of non-BTC owners expressed a strong inclination towards purchasing bitcoin within the…
Read MoreBotanix Labs Launches First EVM-Equivalent Layer 2 Testnet on Bitcoin
Botanix Labs has officially launched the first-ever fully decentralized Ethereum Virtual Machine (EVM) equivalent Layer 2 on Bitcoin, according to a press release sent to Bitcoin Magazine. This represents over a year of dedicated research and development by the team, with a focus on enhancing user experience. “We want to make it as easy as possible to start building on Bitcoin,” said Willem Schroe, the Founder and CEO of Botanix. The initiative stems from the team’s ambition to propel Bitcoin beyond its status as the pinnacle of digital currency and position it as the…
Read MoreEveryone Needs An Uncle Jim
The recent decision by Wallet of Satoshi to stop serving customers in the United States brings us to a crossroads in the evolution of Lightning’s use as a consumer tool. While it is trusted and custodial, Wallet of Satoshi has been invaluable in giving casual users a functional and reliable tool for small value payments made across the Lightning Network. This departure from serving the US will leave a massive hole in the Lightning toolbox for American Bitcoiners. Custodial tools are not the ideal type of tool, especially for anything…
Read MoreSatoshi Orderbook Saturn Raises $500,000 in Pre-Seed Funding Round
Saturn, a non-custodial peer-to-peer orderbook for satoshis, has successfully concluded its pre-seed funding round, securing over $500,000 in investments, according to a press release sent to Bitcoin Magazine. This raise was accomplished under the leadership of venture capital firm Big Brain Holdings, alongside the valued participation from UTXO Management, Kelsier Ventures, BOOGLE Syndicate, and various strategic web3 angel investors. “We are honoured to partner with such prestigious entities in the financial and technological sectors,” Saturn’s official X (Twitter) account, stated. “Their combined industry knowledge, expertise, and networks are indispensable to our mission.…
Read MoreFutureBit Announces Apollo II Line of Personal Miners
FutureBit, a renowned innovator in consumer-centric Bitcoin products, today announced the Apollo II, a revolutionary personal home mining device. This new launch marks a significant stride in FutureBit’s journey to introduce efficient, potent, and user-friendly mining products for household use. The Apollo II is a fusion of the latest 5nm ASIC technology and a modern, intuitive design, establishing a new benchmark in the personal Bitcoin mining industry. Accompanying the Apollo II is the newly enhanced Apollo OS 2.0, featuring an integrated personal mining pool within the device itself. This innovation…
Read MorePresidential Candidate Bitcoin Scorecards
This article is featured in Bitcoin Magazine’s “The Primary Issue”. Click here to get your Annual Bitcoin Magazine Subscription. Introduction Until this election cycle, Bitcoin has flown under the radar when it comes to the national political stage. For the first time in its history, Bitcoin is becoming a prominent issue for presidential candidates on both sides of the aisle. While there’s been some mention of Bitcoin from the previous president as well as Bitcoin-related policies made by the current one, this election is shaping up to be Bitcoin’s time…
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