Monthly Archives: February 2021

Don’t expect large firms to follow Tesla’s Bitcoin move, JPMorgan says

While the crypto community expects more large firms to emulate Tesla’s Bitcoin purchase, JPMorgan’s strategists don’t think it will happen. Strategists at JPMorgan Chase, one of the largest investment banks in the United States, believe that Tesla’s $1.5 billion Bitcoin (BTC) purchase will not necessarily trigger a ton of similar investments. A group of JPMorgan strategists led by Nikolaos Panigirtzoglou reportedly argued that Bitcoin’s highly volatile nature could keep mainstream corporate treasurers away from Bitcoin. “The main issue with the idea that mainstream corporate treasurers will follow […]

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The Many Facts Pointing to Chainlink’s Sergey Nazarov Being Satoshi Nakamoto

During the last few years, smart contracts and blockchain oracles have transformed the crypto industry, and one specific project called Chainlink is the most widely used oracle network to-date. Another interesting thing about Chainlink is the project’s creator, Sergey Nazarov has been a Satoshi Nakamoto suspect in recent times. Last year, a number of reports attempted to prove that Nazarov could be Bitcoin’s creator by leveraging circumstantial evidence and speculation. Chainlink Founder Sergey Nazarov Deemed a Satoshi Suspect Over the last few years, news.Bitcoin.com has written extensively […]

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Bitcoin is a ‘masterpiece of monetary engineering’ Michael Saylor tells Austin Davis

Michael Saylor, CEO of MicroStrategy, applies his training in thermodynamics to Bitcoin in an exclusive interview with Bitcoin pioneer and futurist Austin Davis The financial and economic narratives surrounding Bitcoin (BTC) barely scratch the surface of what makes the digital asset so unique, according to Michael Saylor, CEO of MicroStrategy.  In an exclusive interview with Austin Davis for Cointelegraph, Saylor calls Bitcoin “a masterpiece of monetary engineering,” and one that will likely go down in history as the world’s “first engineered monetary network.” “Once you understand money […]

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Jack Dorsey commits $1M to Coin Center on top of Grayscale’s $2M donation

The D.C.-based advocacy group just raised millions for its ongoing research and lobbying efforts. Here’s how the numbers broke down. 2021 is shaping up to be a generous year for cryptocurrency donations. On Wednesday, Coin Center, the leading cryptocurrency nonprofit in Washington, D.C., announced that it had raised millions in additional funding from high-profile names in the crypto industry.  Jerry Brito, Coin Center’s executive director, tweeted that his organization had received enough donations to claim the $1 million in matched contributions from Grayscale Investments, the world’s largest […]

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“Layered Money” With Nik Bhatia

Listen To This Episode: Apple Spotify Google Libsyn Overcast In this episode of Bitcoin Magazine’s “Fed Watch” podcast, Christian Keroles and Ansel Lindner interviewed Nik Bhatia, author of “Layered Money: From Gold And Dollars To Bitcoin And Central Bank Digital Currencies.” Bhatia has a diverse background from a U.S. treasuries trading desk of a large institutional asset manager to being an adjunct professor teaching finance and economics at the University of Southern California. The interview started off with some high-level background of Bhatia, specifically on how his […]

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Twitter looking into Bitcoin payments for employees, says CFO

“We’ve done a lot of the upfront thinking to consider how we might pay employees should they ask to be paid in Bitcoin,” said Ned Segal. Twitter may be the next major company to purchase Bitcoin, according to the tech firm’s chief financial officer. In an interview on CNBC’s Squawk Box today, Ned Segal, who has served as the CFO of Twitter since 2017, responded to questions about how Twitter would react to Tesla’s recent $1.5 billion Bitcoin (BTC) investment this week. Segal said the tech firm […]

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Covid-19 has pushed Bank of Canada toward ‘digital looney’

The Canadian central bank would be a better steward of financial data than private stablecoin issuers, according to one deputy governor. The Bank of Canada is pushing ahead with digitizing its currency. In a speech today, BoC deputy governor Timothy Lane noted that the COVID-19 pandemic had accelerated the need to digitize cash. Lane said: “The pandemic may bring us to a decision point sooner than we had anticipated.” Lane was, however, careful to specify that “a digital currency is by no means a foregone conclusion.” In October, […]

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UN Report: North Korea Stockpiles $316 Million in Cryptocurrencies From Cyberattacks

A panel of experts at the United Nations says that North Korea has amassed $316 million in cryptocurrencies from various cyberattacks on crypto exchanges and financial institutions. The panel also investigated North Korea’s involvement in the $281 million hack of a crypto exchange. UN Expert Panel Sheds Light on North Korea’s Cyberattack Activities A United Nations panel of experts has submitted a draft report reviewing the measures on North Korea to the Security Council’s North Korea Sanctions Committee. Nikkei says it has obtained a copy of the […]

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Balancing Calls For Bitcoin Regulation While Preserving Satoshi’s Dream

A lot of people automatically dismiss e-currency as a lost cost because of all the companies that failed since the 1990s.  I hope it’s obvious it was only the centrally controlled nature of those systems that doomed them.  I think this is the first time we’re trying a decentralized, non-trust-based system. Satoshi Nakamoto Bitcoin was created in 2009 as a way to remove third-party intermediaries that are typically needed to conduct monetary transactions. According to a message inscribed in the coinbase parameter of the first block in […]

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Following V2 plans, Balancer raises $5 million from Three Arrows & DeFiance

Two of the largest crypto funds join Pantera Capital and Alameda Research in contributing to Balancer’s $12 million series A funding round Balancer Labs announced today a $5 million investment round led by DeFi (decentralized finance) mainstays Three Arrows Capital and DeFiance Capital. The two VCs now join Pantera Capital and Alameda Research in investing, bringing Balancer’s series A round to a total of $12 million raised.  The investment might come as a surprise to some, given that in a recent podcast Arthur of DeFiance Capital gave […]

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