Monthly Archives: May 2021

Why Fiat Experts Don’t Get Bitcoin

There are various reasons traditional experts do not understand bitcoin and thus have negative views on it. Bitcoiners And Fiat Experts Society has conditioned us to listen to experts. They teach us what to eat, what to learn, how to exercise, how to raise our children and how to care for the environment. We think they know better, that they have our best interests at heart. After all, they have fancy titles, decades of experience, appear in mainstream media and have tons of followers. Many of them […]

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How To Offset Gains Taxes With Bitcoin Donations

This tax season, it may be worthwhile to consider making a bitcoin donation to reduce one’s taxes through philanthropy. This year is on track to be a record year for bitcoin donations as more donors continue to learn about the tax benefits of donating bitcoin instead of fiat. Why do so many high-networth individuals make large gifts of equities or bitcoin instead of donating in fiat? It’s usually all about taxes. If you donate bitcoin, which is considered property by the IRS for tax purposes, then donating […]

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Elon Musk Announces Tesla Has Suspended Accepting Bitcoin Citing Environmental Issues

Tesla has suspended accepting bitcoin for vehicle purchases, CEO Elon Musk has announced. The company cited concerns “about rapidly increasing use of fossil fuels for bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.” Tesla Stops Accepting Bitcoin Tesla CEO Elon Musk announced on Twitter Wednesday that his electric car company has suspended accepting bitcoin for vehicle purchases. The message reads: Tesla has suspended vehicle purchases using bitcoin. We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and […]

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When More Isn’t Better: Inflation In The 21st Century

The modern practice of inflationary monetary policies has drastic, wide-reaching effects on the economy. Over the last 40 years, monetary policy has caused interest rates to decline from a high of around 20% down to the zero bound. During the same period, the U.S. dollar (USD) money supply has expanded at a rate never before seen in modern history and asset prices in dollar terms exploded to the upside, all while the U.S. average hourly wage has lagged on an unprecedented scale. Ironically, the growing wealth gap, […]

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Bosnia and Herzegovina Is Preparing a Draft Bill to Regulate Cryptocurrencies

A European country in the Balkans region could start regulating the crypto environment within its territory. A bill is being drafted in Bosnia and Herzegovina that would establish a regulatory framework for cryptocurrencies for the first time in the country’s history. Bill Aims to ‘Attract Entrepreneurs’ to the Country According to Klix, the Union for a Better Future (SBB) of Bosnia and Herzegovina (BiH), a Bosniak political party, is set to draft a crypto bill after forming a group to research “technological, economic progress, and market modernization.” […]

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Globe Listing on AscendEX

PRESS RELEASE. AscendEX, formerly BitMax, an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of the Globe Token (GDT) under the pair USDT/GDT on Apr 22 at 1:00 p.m. UTC. Globe aims to be the global cryptocurrency derivatives trading platform of choice for traders. It is the first digital asset derivatives trading platform designed and developed to offer microsecond core latencies, burst message processing rates over ten million, and stable millisecond core cloud API. Globe is the inventor of […]

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First-Ever Dual-Funded Mainnet Lightning Channel Opened

The world’s first dual-funded Lightning channel has been opened, bringing more features to the network while reducing fees. The world’s first dual-funded mainnet Lightning Network channel was opened last week in block 681,753 on the Bitcoin mainnet. Blockstream used its c-lightning implementation of the Lightning Network protocol to open the channel and announced it via a blog post. A dual-funded Lightning channel allows both participant nodes to contribute to the channel’s opening transaction. It is unique because, up to this point, only the Lightning node that initiated […]

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Petrodollar Deep Dive With Alex Gladstein

Alex Gladstein joined “Fed Watch” to discuss his recent article about the petrodollar and lessons for Bitcoin’s growing monetary role. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn Overcast In this episode of Bitcoin Magazine’s “Fed Watch” podcast, hosts Christian Keroles and Ansel Lindner sat down with Alex Gladstein, chief strategy officer at the Human Rights Foundation. They dove deeply into the petrodollar, its history, implications for the future and lessons that we can apply to thinking about bitcoin’s growing role in […]

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BitMEX Executives Trial Set For March 2022

The former executives of bitcoin derivatives platform BitMEX face trial over money laundering charges next year. The former executives of leading bitcoin derivatives platform BitMEX are set to have their day in court. Former CEO Arthur Hayes, cofounder Benjamin Delo and former CTO Smauel Reed are facing a money laundering trial that is now slated to begin on March 28, 2022 — 18 months after authorities first publicly accused them of wrongdoing. Per a previous Bitcoin Magazine report, Hayes turned himself in to the authorities last month […]

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Survey: 1 in 4 American Investors Believe Dogecoin is the Future

The meme-based crypto asset dogecoin has seen a phenomenal year, capturing a whopping 19,723% against the U.S. dollar during the last 12 months. Dogecoin’s price gains have pushed interest toward the cryptocurrency, quickly making it a recognizable name. A recently published survey from the web portal gamblerspick.com suggests one out of every four Americans “believe dogecoin is the future.” Dogecoin Survey Shows Meme-Coin Has Been Getting Attention in the US In mid-April, gamblerspick.com conducted a study with 1,001 American respondents that are “familiar” with cryptocurrencies. The survey […]

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