Monthly Archives: February 2021

.NFT Web Domain Extension Scooped Up for Record $84K by Kenetic’s Jehan Chu

Jehan Chu, who owns 1,300 Handshake domains, will be able to issue an unlimited number of subdomains under the .NFT extension. The Previous Owner Bought Extension for Less Than $600 Amid the rally in major cryptocurrencies like Bitcoin and Ethereum, non-fungible tokens (NFT) have experienced an explosion in interest, echoed by Hashmasks’ recent funding campaign, which raised 7,600 ETH in exchange for over 15,300 digital collectible cards. Non-fungible tokens, which are effectively unique tokens designed to represent a single asset, whether digital or physical, have become the […]

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Discussing r/WallStreetBets And Failures Of The System

Listen To This Episode: Apple Spotify Google Libsyn Overcast In this episode of Bitcoin Magazine’s “Fed Watch,” Christian Keroles and Ansel Lindner discussed the recent events around r/wallstreetbets (WSB) and GameStop from a macro perspective. They spent some time setting up the history and what transpired, before diving into the meanings and implications of what happened. They tried to answer the questions, “What is the goal of WSB?” and “Were they successful?” Keroles placed the WSB phenomenon in the context of being upset at the system. So, […]

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Bitcoin bulls target $40K as Friday’s $1B BTC options expiry approaches

Friday’s $1 billion Bitcoin options expiry is tilted toward bulls who have set their sights on the $40,000 level. On Feb. 5, a total of $1 billion in Bitcoin (BTC) options open interest is set to expire. This number is small relative to the past month’s $4 billion options expiry, but monthly and quarterly options typically concentrate the most volume.  Friday’s expiry is somewhat unusual although it is balanced at the current BTC levels. Data also shows that bulls have many incentives to push up the price […]

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Interview: Protecting Our Savings In Bitcoin With Indian Hodl

Listen To This Episode: Apple Spotify Libsyn For this episode of Bitcoin Magazine’s “Meet The Taco Plebs,” I was joined by fellow pleb Indian Hodl (@Indian_hodl) for his first-ever podcast appearance. This touching discussion started off with his rabbit hole story, hearing about bitcoin from an event in the U.K. Hospitals in the U.K. were getting attacked and the attackers were demanding to get paid in bitcoin as ransom. He explained how he got a lot of hate from his friends on BTC, but that now, he’s […]

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River Rolls Out Mobile App For Bitcoin Investment

Bitcoin-only exchange River Financial today announced that it is launching a mobile app on iOS.  This has been the number-one requested feature from its growing user base, the River team explained to Bitcoin Magazine, and it comes in the midst of a bitcoin price bull run that began in March 2020. “We have seen tremendous growth in this client demographic through word of mouth referrals from friends and their kids,” Alex Leishman, River’s CEO and CTO, said. “People especially appreciate our client services (they have a lot […]

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Free TON to merge with Dune Network in decentralized M&A deal

The Free TON–Dune Network merger represents one of the first decentralized M&A deals. Free TON, a community-driven blockchain promoting decentralized self-governance and freedom of speech, has acquired Dune Network through a community merger mechanism that was recently approved by both camps. An amended Dune community partnership proposal filed in January was approved on Tuesday, bringing the Free TON merger one step closer to fruition. Dune Network, which is a decentralized platform for distributed applications, said the merger will strengthen both communities and support the global adoption of […]

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Visa Pilots System to Help Banks Provide Crypto Services Including Buying, Trading, Custody of Bitcoin

Visa is piloting a new system to enable banks to seamlessly integrate crypto features. Using Visa’s crypto APIs, banks can offer a number of cryptocurrency services to their customers, including the buying, trading, and custody of bitcoin. Visa announced Wednesday a partnership with First Boulevard, a digitally native neobank focused on serving the Black community. The bank will be the first to pilot Visa’s new suite of crypto APIs. “As part of the initial pilot program, Visa plans to enable First Boulevard to connect to infrastructure provided […]

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GameStop saga reveals legacy finance is rigged, and DeFi is the answer

Traditional finance is a relic, and the GameStop saga is nothing but a prelude for what’s to come: the real decentralization of money. Earlier this week, Elon Musk made history when he placed his full support behind Bitcoin (BTC) during a Clubhouse stream. When discussing Bitcoin and the GameStop debacle with Robinhood CEO Vlad Tenev, Musk said: “I am late to the party, but I am a supporter of Bitcoin.” This came a few days after Musk changed his Twitter profile, adding “Bitcoin” to his bio. Interestingly […]

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Crypto hedge fund refutes JPMorgan’s claim that Bitcoin ETF is short-term negative for BTC

Research from Tyr Capital Arbitrage SP refutes JPMorgan’s claim that a Bitcoin ETF holds negative connotations for BTC’s price. Strategists at JPMorgan Chase caused quite the stir in January when they informed clients that the approval of a Bitcoin (BTC) exchange-traded fund, or ETF, would be a short-term headwind for the digital asset. A United Kingdom-based cryptocurrency hedge fund manager is attempting to pour cold water on those claims, asserting that JPMorgan’s analysis isn’t based on quantitative analysis or in-depth research. The crux of JPMorgan’s argument is […]

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Swan Bitcoin Launches Service For High-Net-Worth Clients And Institutions

Today, bitcoin investment company Swan Bitcoin announced the launch of Swan Private, its dedicated service to help high-net-worth individuals, corporations and institutions invest in bitcoin and manage their funds. “Swan Private helps clients establish and build their bitcoin position over time,” according to an announcement shared with Bitcoin Magazine. “Clients often make a large purchase to establish an initial position. Swan then makes it easy to smooth market volatility over time with automatic recurring buys. When clients have more capital to deploy than already planned, Swan can […]

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