Monthly Archives: February 2021

Federal Reserve Appoints Pro-Bitcoin Chief Innovation Officer

A pro-bitcoin head of digital assets from TD Ameritrade has been appointed as the Federal Reserve System’s chief innovation officer. This is “a new role in which she will lead efforts to identify, research, enable and advocate for new technologies,” the Fed explained. The Fed’s New Chief Innovation Officer Is Pro-Bitcoin The Federal Reserve Bank of Richmond serves as the hub of the Federal Reserve’s enterprise IT organization. This nationwide team delivers technology solutions and support across the Federal Reserve System and the Board of Governors. The […]

More info

Bitcoin, Lightning And Podcasting 2.0

Listen To This Episode: Apple Spotify Google Libsyn Overcast This week on the “Bitcoin Magazine Podcast,” host Christian Keroles sat down with long-time Bitcoin podcaster and advocate Anita Posch. Posch is the host of the fantastic “Anita Posch Show” where she highlights the efforts of Bitcoiners around the globe, especially bitcoiners in Africa and LATAM.  In this episode, Keroles and Posch focused on new podcasting technology being built on top of the Bitcoin Lightning Network. Podcasting started as the ultimate way for individuals to broadcast information without […]

More info

Pro traders went long as Bitcoin fell to $45K, liquidating $5.9B in futures

Data shows pro traders opened new leveraged long positions even as Bitcoin price dropped to $45,000 and $5.9 billion in futures contracts were liquidated. In the past 48-hours Bitcoin (BTC) price dropped by $13,360 and liquidated more than $2.6 billion worth of futures contracts. When including altcoin, the total sum of liquidations equaled $5.9 billion. After marking a record-high open interest at $19.5 billion on Feb. 21, the metric has stabilized at $16.5 billion. This means that half of the terminated leverage positions have been reopened. According […]

More info

Twitter CEO donates 1 BTC to Bitcoin core development non-profit

Brink, a fledgling Bitcoin non-profit outfit, got the nod from Jack Dorsey via a BTC donation. Jack Dorsey, CEO of social media powerhouse Twitter, has donated 1 BTC to Brink, a non-profit group focused on Bitcoin’s technological framework.  “Honored to have received a 1 BTC donation to our developer funding efforts from none other than @jack!,” Brink’s Twitter account posted on Tuesday. At time of publication, that Bitcoin (BTC) is worth $46,824. Reporting earlier this month showed the recently established organization getting 503(c)(3) non-profit status from the […]

More info

US Education Department promotes putting student records on blockchain

A new government-funded challenge seeks blockchain-based solutions to simplify educational data sharing, but implementation could take time. The COVID-19 pandemic has exposed flaws across various sectors. As a result, a number of government departments are evaluating blockchain-based systems as possible solutions for challenges involving multiparty workflows, record-keeping, transparency and more.  For example, the United States Department of Education recently provided funding for the launch of the “Education Blockchain Initiative.” Referred to as the EBI, this project is led by the American Council on Education — an organization […]

More info

Japanese Authorities Say the Majority of People Involved in Coincheck’s 2018 Hack Are Individuals With ‘High Social Status’

More details keep appearing from the police investigation into the 2018 Coincheck hack that stole $530 million from the crypto exchange. Japanese authorities revealed that most of the individuals involved have a “high social status.” One of the Individuals Took Part in a NEM Swap Deal Is Worth $64 Million According to a report published by Bunshun, “the majority” of the men involved in the case are “high income” individuals. In fact, they come from different professional backgrounds, such as being company managers and doctors. Prosecutors said […]

More info

DeFi will provide good regulatory test for SEC, says Commissioner Peirce

The SEC commissioner described the DeFi space as “a work in process” but overall “alluring.” Hester Peirce, the commissioner for the U.S. Securities and Exchange Commission known by the nickname “Crypto Mom,” welcomes the challenge of regulating decentralized finance. In a speech for a George Washington University Law School event on the digital economy, Peirce said decentralized finance, or DeFi, could be the alternative legacy financial system many are seeking given the surge in anti-Wall Street sentiment surrounding the short squeeze of GameStop stocks. The SEC commissioner […]

More info

M31 Capital is looking to launch a new Bitcoin hedge fund

The M31 Capital Bitcoin Access Fund could provide institutional investors with another avenue for investing in BTC. M31 Capital, a New York-based global investment firm, has filed paperwork with the United States Securities and Exchange Commission, or SEC, to launch a new Bitcoin (BTC) hedge fund.  The proposed fund, dubbed M31 Capital Bitcoin Access Fund, is a limited partnership hedge fund based in Delaware, according to a Form D SEC filing submitted on Tuesday. The minimum investment from any outside investor has been set at $10,000. Details […]

More info

Crossing the crypto chasm: Paving the way to mass adoption

As cryptocurrency pushes toward the mainstream, raising general public understanding is essential to gain mass adoption. Since its inception in 2009, cryptocurrency has become both a cultural and financial phenomenon. As news headlines tout its ever-increasing exchange values and disruptive potential, investors and banking experts have gone into a frenzy. And yet, while digital money is on a lot of people’s minds, there is still a lack of understanding about what it is and what it can do among mainstream consumers. This is because cryptocurrency is a […]

More info

Financial Vampirism And Bitcoin

2020 was an unprecedented year in financial engineering. Unprecedented and yet… totally predictable if you pay attention to the right metrics. Source Market trajectories which have been set in motion, and remain in motion until acted on by an outside force, are being brought to bear on the world stage. No matter how many pundits regurgitate the notion that “nobody could’ve possibly seen this coming,” the truth is that the underpinnings of societal structure have been beset by a very predictable and destructive curse.  As markets become […]

More info
1 2 3 4 6