Monthly Archives: February 2021

Interview: What Bitcoin Started With Erik Voorhees

Listen To This Episode: Apple Spotify Google Libsyn Overcast This week on the “Bitcoin Magazine Podcast,” host Christian Keroles sat down with early Bitcoin adopter and entrepreneur Erik Voorhees. He has had an enormous impact on Bitcoin’s history starting some of its earliest companies, participating in the scaling wars and embracing the Ethereum ecosystem. Voorhees sees the Bitcoin space in a different way than many Bitcoiners. He described everything within the “crypto” ecosystem as part of the same tree and argued that, although there are nefarious use […]

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DeFi growth and potential Grayscale YFI security push Yearn.finance to $45.9K

Yearn finance’s recent partnership with Badger DAO, cross-platform DeFi integration and a potential Grayscale Investments YFI security back YFI’s rally to a new high. In the early hours of Feb. 11 Yearn.finance (YFI) experienced a high volume spike which pushed the price to a new all-time high at $45,900.  Data from Cointelegraph Markets and TradingView shows that YFI hit a swing low at $33,638 on Feb.10 before experiencing a 26% breakout of 26%. The move appeared to be motivated by a corporate registration filing with the State […]

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4 top universities submit CBDC designs to the Bank of Canada

Following initial discussions with the Bank of Canada, four top universities have submitted design proposals for a central bank digital currency. Major Canadian universities have submitted new research to the Bank of Canada centered around the development of a central bank digital currency, or CBDC, underscoring the innovation underway in this space. The research began last year after the BoC engaged four institutions around potential designs for a national cryptocurrency. A total of three proposals were published simultaneously on Thursday. Notably, each proposal was based on the application […]

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Qtum, Status (SNT) and Iota (MIOTA) rally after breaking multi-year downtrend

Qtum, Status and Iota recently broke free of their long term downtrends after each network added new features and announced new partnerships. Shortly after Tesla announced that it will allow customers to buy products with Bitcoin (BTC), a curious job posting from Amazon suggests that the company could also be working on a platform that will allow customers in Mexico to use digital currencies for making payments. If Amazon jumps on the crypto bandwagon, it will immensely strengthen the possibility of cryptocurrencies going mainstream across the world. […]

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Reddit Post Reporting Tesla’s Bitcoin Purchase From a Month Ago Was a Hoax

A Reddit post that predicted Tesla’s $1.5 billion purchase of bitcoin on Monday has been revealed as a hoax, after the New York Post tracked down the user. Reddit User Says He Was High on Acid When Writing It Tesla’s record-breaking bitcoin purchase stunned the markets earlier this week, causing the price of bitcoin to spike to a new high of over $48,000 per coin. Predicting a purchase of this size would require amazing foresight or insider knowledge, something which Reddit users were keen to figure out […]

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Acknowledging BTC Sovereignty, Nigeria Becomes Bellwether For Hyperbitcoinization

Today, the Senate of Nigeria —which has similar legislative powers to the U.S. Senate — shared notes from its daily proceedings. Among the presentations of bills and reports was discussion of a recent reminder from the Central Bank of Nigeria (CBN) that financial institutions are prohibited from facilitating any accounts transacting with cryptocurrency exchanges. During that discussion, a Nigerian official made a concession that many Bitcoiners champion, but few governmental representatives have ever made. Senator Sani Mohammad Musa announced that Bitcoin has all but superseded Nigeria’s fiat […]

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Grayscale is tentatively looking to offer YFI

A corporate registration filing with the State of Delaware shows that Grayscale is considering Yearn Finance as a future offering. Grayscale Investments has registered an LLC for a prospective Yearn Finance (YFI) Trust, giving the first sign that the asset manager is considering the DeFi coin.  The new YFI entity was incorporated as a Statutory Trust in Delaware on Feb. 10, 2021. Grayscale now has 33 registered trusts in the state, though only nine are active, based on the fund manager’s AUM reports. This includes the industry-leading […]

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PayPal expanding crypto services to U.K. residents

CEO Dan Schulman said last week the company would add crypto buying, selling, and custody features to “Venmo and select international markets” in 2021. Residents of the United Kingdom will be the first people outside of the U.S. who are able to use PayPal for buying and selling crypto.  According to journalist Carl Quintanilla, the payments platform is planning to expand its crypto offerings to the U.K. in the coming months. PayPal also plans to make crypto available for Venmo wallet holders before the end of Q2 […]

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Federal attorneys are investigating meme-led trading in GME, AMC and silver: WSJ

The Justice Department joins CFTC and SEC probes into wild markets facilitated by Robinhood and other apps for retail traders. The Department of Justice is reportedly the latest to turn up the heat on last month’s crazed markets. Citing unnamed sources, the Wall Street Journal reported on Thursday that the DoJ’s fraud division and the San Francisco district attorney’s office had launched probes into the brokers (read: Robinhood) and social-media platforms (read: Reddit) who were at the center of wild bull markets on stocks like GameStop and AMC weeks […]

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Pundi X (NPXS) gains 102% ahead of testnet launch and token burn

PundiX (NPXS) gained 102% as the project prepares for a testnet launch, staking and possible DeFi integration. Since Feb. 6 Pundi X (NPXS) has rallied by 102%. While it would be easy to assume that it’s breakout is simply following in the hoof prints of the herd of altcoins that have been rallying alongside Bitcoin, the current move appears to be driven by an upcoming testnet launch and improving fundamentals.  Pundi X is a borderless digital currency payment ecosystem that aims to boost adoption using Point-of-Sale (POS) […]

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