In a move toward bridging traditional financial systems with the burgeoning world of Bitcoin, TBD, a branch of Block specializing in decentralized technology, unveiled its open source protocol, tbDEX. The protocol, designed to foster trust and liquidity across diverse financial landscapes, has seen its first adoption by Yellow Card, Africa’s leading cryptocurrency exchange, according to a press release sent to Bitcoin Magazine. tbDEX offers an open source liquidity and trust protocol facilitating seamless value exchange and transactions among individuals and institutions globally. Its core innovation lies in enabling financial institutions…
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De Guevara Is Bitcoin Country’s Interim President As Bukele Steps Down To Run
Photo Credit: Dirección de Obras Municipales (DOM) President Nayib Bukele of El Salvador has been granted a special license allowing him to temporarily step down from his presidential role to pursue a second term in the country’s upcoming elections on February 4, 2024. This move aligns with a 2021 Supreme Court ruling and the constitutional interpretation, specifying that Bukele can only seek a second term if he vacates the presidency six months prior to the start of the subsequent presidential term, commencing on June 1, 2024. Of notable concern to…
Read MoreWhy The New ESG Narrative About Bitcoin Will Power The Next Bull Run
Bull runs are like wildfires: they need a combination of conditions to get started. A wildfire needs a long period of no rain, high temperatures and then high winds at the point of ignition. Yes – wildfires have been exacerbated by record methane emissions that Bitcoin helps mitigate, but that’s not what this article’s about: this time it’s just an analogy. Halvings cause a drying up of new supply of Bitcoin (no rain). They draw increased interest in timing Bitcoin market entry (high temperature). But they also need high winds…
Read MoreCrypto Regulation And Compliance: Navigating The Evolving Regulatory Landscape For Bitcoin
Cryptocurrencies have been around for over a decade; yet, it’s only in recent years that the mainstream has recognized the full extent of their utility. Whether your business is using Bitcoin as a hedge against traditional currencies, trying to avoid the exorbitant fees charged by financial services institutions, or just looking for an efficient way to pay, there’s no question that its popularity and utility as an acceptable currency has skyrocketed. However, with that popularity comes a greater need to protect your organization. You might have heard about bad actors…
Read MoreZBD Launches Bitcoin Prize Pool For 1047 Games’ FPS ‘Splitgate’
ZBD, a New Jersey-based gaming technology company built on the Lightning Network, has announced a partnership with indie gaming studio 1047 Games to enable bitcoin payments for players of Splitgate, a free-to-play competitive first-person shooter (FPS). The two companies will activate a PC-based tournament, “The ZBD x Splitgate Winter Invitational,” for players beginning December 10. The winning team will receive a payout of 0.5 BTC (approx $18,000 dollars) instantly sent to the ZBD wallets of the winners. 1047’s Splitgate takes sci-fi elements, fast-paced gunplay and vertical mobility via portals to…
Read MoreBinance CEO Changpeng Zhao Pleads Guilty, Steps Down
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…
Read MoreThe 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…
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