Recent News

Most Public Bitcoin Miners Are Thriving

Five public miners produced a total of 1,475 bitcoin in November, worth nearly $80 million. The bitcoin mining industry is booming, and public miners are employing all their efforts to increase daily production and refrain from selling. Marathon Digital, Hut 8, Riot Blockchain, Bitfarms, and HIVE produced a combined total of 1,475 BTC in November, worth nearly $80 million at the time of writing. Bitcoin miners outside of China started enjoying increased profits as the communist country announced its crackdown on the industry. In the summer, the activity was banned…

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Bitcoin: Inflating The Prospects Of Deflation

With Bitcoin, deflation could make cost of living more affordable, increasing the attainability of assets for all. I am sure most of us, at some point or another, have been confused about the effects of deflation versus inflation. This article is meant to be a quick overview of deflation, its effects on the dispersion of wealth and how we can better understand what is happening within our economy. Before diving in, it should be noted that this article isn’t meant as an in-depth overview. There are countless articles that go…

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Blockchain.com Reveals Non-Fungible Token Marketplace and NFT Explorer

The crypto firm Blockchain.com is joining the slew of digital currency exchanges that have launched non-fungible token (NFT) marketplaces in recent times. On December 2, the company announced it is launching the Blockchain.com NFT marketplace, and select users can sign up for beta access today. Blockchain.com NFT Marketplace Launches Beta Access Non-fungible token (NFT) assets have become a billion-dollar industry and it seems like this technology will be a mainstay for years to come. As the NFT hype grows exponentially in 2021, a number of crypto-asset exchanges have launched NFT…

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Fidelity To Launch Spot Bitcoin ETF In Canada, As Pressure Mounts For U.S. Approval

Pressure is mounting for SEC approval of Bitcoin Spot ETF in the U.S. following a new pending spot ETF approval in Canada spearheaded by none other than Fidelity Investments. Fidelity’s Bitcoin Spot ETF product listing is titled “Fidelity Advantage Bitcoin” and pending approval to launch in Canada this week. According to Eric Balchunas, Bloomberg senior ETF analyst, the launch of Fidelity’s listing would immediately make them the largest asset manager offering a Bitcoin ETF. Image Source: Eric Balchunas, Bloomberg Eric Balchunas Fidelity’s move for Bitcoin spot ETF approval in the…

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US Treasury Secretary Yellen Says She’s Undecided Whether the Fed Should Issue Digital Currency

The U.S. Treasury Secretary Janet Yellen says that she has not made up her mind about whether the Fed should issue a central bank digital currency (CBDC). “There are some benefits” to a digital dollar, Yellen said, but noted that “there are also meaningful costs.” Janet Yellen Has Not Decided Whether the Fed Should Develop a Digital Dollar Treasury Secretary Janet Yellen said Thursday during an interview at the Reuters Next conference that she has not formed an opinion about whether the Federal Reserve should create a digital dollar. She…

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Marathon’s Bitcoin Production Fell In November Due To Maintenance Work On Power Plant

The bitcoin miner produced 196 BTC in November, down from 417.7 in the month before. Marathon Digital Holdings mined less bitcoin in November than in the previous month as maintenance and upgrades to its Hardin, Montana, facility led to a reduction in its hashrate capacity. The miner produced 196 BTC last month, while October had yielded 417.7 new coins; Marathon now holds about 7,649.1 bitcoin with a fair market value of approximately $437.4 million. “While these upgrades caused our miners in Hardin to operate below capacity in November, which negatively…

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The Remnant, The Parasite And The Masses

Members of the Remnant are inclined toward Bitcoin, while the other classes of society, the parasites and masses, remain antagonistic or ignorant. A Psychological Analysis Of The Core Archetypes In September 2021, I wrote a piece called “Bitcoiners Are The Remnant, The Masses Don’t Matter.” It was inspired by the incredible 1930s essay by Albert J Nock, “Isaiah’s Job.” In it, I covered the differentiation between two broad archetypes, (the Remnant and the masses) and made the case for why Bitcoiners are the former, while the general, the lemming-like population…

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Discussing Federated Chaumian Mints On Lightning

A group of Lightning network experts explore the scalability properties of federated chaumian mints. Watch This Episode on YouTube Listen To This Episode: Spotify Apple Google Libsyn Overcast [0:07] P: Really looking forward to this one. Yeah. This is obviously Bitcoin Magazine Twitter Spaces. We do these multiple times a week, but today, we’re going to be talking about the Lightning Network and federated chamian mints and what they mean, what they are, why they’re interesting. This is a recorded conversation, and it will be released on the Bitcoin Space’s…

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India’s Cabinet Note Indicates No Crypto Ban — Government Will Regulate Crypto Assets: Report

India is no longer planning to ban cryptocurrency, a cabinet note circulated by the government reportedly indicates. Activities relating to crypto assets will be regulated by the Securities and Exchange Board of India (SEBI). Crypto Will Not Be Banned in India, Cabinet Note Indicates Despite reports of the Indian government planning to ban cryptocurrencies, NDTV reported Thursday that a cabinet note circulated by the government indicates that cryptocurrencies, like bitcoin and ether, will not be banned. Emphasizing that cryptocurrency is not recognized as legal currency in India, the publication noted:…

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Russia’s Telecom Watchdog Roskomnadzor Targets Another 6 VPN Providers

Roskomnadzor, the government body responsible for oversight of communications in Russia, is taking steps to block six more VPN providers. The move comes after the agency cut access earlier this year to a number of VPN services helping Russians to reach “banned” information. Roskomnadzor Moves to Block More VPNs in Russia The Russian Federal Service for Supervision of Communications, Information Technology, and Mass Media (Roskomnadzor) is preparing to restrict another six VPN platforms active in the country. The targeted providers are Betternet, Lantern, X-VPN, Cloudflare Warp, Tachyon VPN, and Privatetunnel.…

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