Monthly Archives: January 2021

Interview: How To Store Your Bitcoin

Listen To This Episode: Apple Spotify Google Libsyn Overcast This week for the “Bitcoin Magazine Podcast,” Christian Keroles sat down with long-time Bitcoiner and builder Douglas Bakkum. Bakkum is the CEO and cofounder of hardware wallet manufacturer Shift Crypto. He and his team have been working hard from very early on to create a hardware wallet experience that is suitable for newbies but has the most important advanced features for maximum sovereignty, safety and trustlessness. This was a very wide-ranging conversation covering Bakkum’s history, the inspiration for […]

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Pro traders buy the dip as bears push Bitcoin price to the edge of $30K

After correcting 15%, Bitcoin price dropped to $30,000 but derivatives indicators suggest pro traders are buying the dip. In the last 24-hours Bitcoin (BTC) price dropped 14% and tested the $32,000 support for the fifth time this year. Traders probably became even more worried as the price fell to $31,050 but at the time of writing the 4-hour chart suggests that the selling could be slowing down.  Currently the shorter-term charts indicate that Bitcoin is still flirting with bearish territory but a number of derivatives indicators and […]

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Leading Crypto Derivatives Exchange Bit.com Set to Launch Bitcoin Cash Options

On January 21, the derivatives exchange by Matrixport, Bit.com, announced the launch of the first bitcoin cash perpetual swaps and options. The exchange says before the product launch there was no options market for bitcoin cash and the firm believes there’s room for improvement in this arena of crypto derivatives. Bit.com to Launch Crypto Economy’s First Bitcoin Cash Options Market Bit.com, one of the leading derivatives trading platforms developed by Matrixport, has revealed the exchange plans to launch bitcoin cash (BCH) perpetual swaps and options. The exchange […]

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Genesis Mining head forecasts importance of layer-two Bitcoin solutions

He feels Bitcoin might need such solutions, even with the coin in a store of value role. Would Bitcoin and its blockchain be able to handle mainstream adoption as a store of value without requiring second-layer solutions? Genesis Mining’s head of mining operations, Philip Salter, holds a mixed view.  “I think Bitcoin is a good store of value regardless of transaction fees,” Salter told Cointelegraph. “The issue is — the higher the fees are the larger is also the minimum value that can be efficiently transferred.” Bitcoin […]

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Japanese police are investigating 30 people allegedly involved in the 2018 Coincheck hack

Investigators reportedly identified the individuals by tracing the crypto exchange accounts used to launder the funds. Authorities in Japan are reportedly targeting individuals for their alleged involvement in the January 2018 hack of the Coincheck crypto exchange. According to a Jan. 22 report from Japanese news outlet Nikkei Asia, police have arrested or referred roughly 30 people in Japan to the local prosecutors’ office for their alleged role in hacking one of the country’s cryptocurrency exchanges. In January 2018, hackers stole roughly $534 million worth of NEM (XEM) from […]

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Ignoring Bitcoin, Hedera Hashgraph, Reef and Perpetual Protocol rally higher

Strong fundamentals are attracting traders to Hedera Hashgraph, Reef and Perpetual Protocol even as Bitcoin price hangs near a crucial support level. Bitcoin (BTC) price tumbled more than 10% today to hit a low near $31,000 and at the time of writing it looks like the sell-off has a bit further to go. In a weekly report from crypto fund provider, CoinShares, some institutional investors seem to be booking profits and the analysts also cited the strengthening (trade-weighted) U.S. dollar. Another indicator that points to professionals selling […]

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Tarbert makes way for Biden’s CFTC chair, but will remain a commissioner

Tarbert’s brief term was nonetheless notable for clarity on cryptocurrency in U.S. regulation. Heath Tarbert is no longer the chairman of the Commodity Futures Trading Commission, but he will remain one of its five commissioner In a CFTC announcement on Thursday afternoon, Tarbert followed through with his resignation, which he announced at the beginning of December. However, it was not clear at the time whether he would remain on the commission at all. Today’s announcement confirmed that Tarbert would stay on as a commissioner, with a term […]

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While China’s CBDC sets the pace, the yuan stumbles in usage abroad

The past two years were much harder on the dollar, however. Despite rapid advancement of a digital yuan, China’s progress in internationalizing its currency has stalled out in recent months.  Per data from SWIFT’s RMB Tracker released on Jan. 20, the Chinese yuan (CNY), also known as the Renminbi (RMB) had gained only .02% in international usage between December 2018 and last month. Meanwhile, it had fallen from 1.26% to 1.16% between November and December of 2020. Source: SWIFT While not a catastrophe, it’s nowhere near the […]

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Enjin Coin Becomes the First Gaming Cryptocurrency Approved by Japanese Regulators

Enjin coin became the first gaming cryptocurrency approved in Japan after clearing out the well-known tough country regulator’s requirements. The green light is possible through a partnership with Hashport. ENJ Is Set to Be Listed in Coincheck on January 26 According to the announcement, enjin coin (ENJ) was granted legal status by the Japan Virtual Currency Exchange Association (JVCEA), the country’s official crypto watchdog. The blockchain gaming platform said its token would be listed on Coincheck on January 26, 2021, allowing Japanese users to purchase it with […]

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Interview: Making Bitcoin Accessible For Everyone With Randy McMillian

For this episode of Bitcoin Magazine’s “Meet The Taco Plebs,” I was joined by Randy McMillian (@RandyMcMillan), a fellow pleb that I met on “Bitcoin Kindergarten” who has been sharing some good knowledge and wisdom on that show lately.  In this episode, we discussed certain interesting topics in Bitcoin that McMillan is most fond of, including repricing time. One very interesting topic that we got into was ditching the old fiat way of telling time (calendar year) and pursuing a new method: telling time by blocks. This […]

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