Monthly Archives: June 2021

El Salvador Making Bitcoin Legal Tender Paves A Path For Bitcoin Adoption In Countries

This week, Bitcoin 2021 ruled the headlines as a major announcement about El Salvador came out of the conference. This Week In Bitcoin This Week In Bitcoin is a new segment covering the events of the week that occurred in the Bitcoin industry, covering all the important news and analysis. Summary Although bitcoin saw relatively steady gains over the last week, climbing to nearly $40,000, it was only a matter of time before Elon Musk started his fear, uncertainty and doubt (FUD) campaign again, tweeting a breakup […]

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Bitcoin price is fragile, but on-chain data points to fresh accumulation

On-chain data shows long-term holders are back in accumulation mode after the recent shake-out cleared network congestion and shook out over-leveraged traders. The May 19 crypto market sell-off saw $1.2 trillion in value erased from the total market capitalization as the froth and excess leverage of over-hyped markets was quickly eliminated. But similar to a forest fire, whose destructive power is essential to the rejuvenation of a forest’s ecosystem, dramatic market shake-outs are a vital part of the full life cycle of a developing market, as excesses […]

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A Look At The Origins Of Bitcoin Laser Eyes, As El Salvador’s President Dons Them.

The pleb who started it all tells the tale of the prolific meme and how it all began, as the leader of a country dons the lasers. As Bitcoin 2021 wraps up, the announcement by Jack Mallers that El Salvador intends to adopt bitcoin as legal tender still resonates. Historical in scope, the announcement also comes with acknowledgements of the bitcoin community from the country’s president. One form of this acknowledgement is the donning of laser eyes, a meme created by myself. I believe this would be […]

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Bitcoin 2021: Pay Me In Bitcoin

Jack Mallers, Ghazi, Money Man, Sean Culkin and Russell Okung discuss the payment of wages in bitcoin and more at Bitcoin 2021. This conference session took place on day two of the Bitcoin 2021 conference in Miami on June 4 and 5. Experience the #Bitcoin2021 party from anywhere in the world by joining our conversation on Telegram, and be sure to subscribe to our newsletter to stay on top of the latest Bitcoin news and all the happenings at Bitcoin 2021. Watch this conference session on YouTube. […]

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US officials recover $2.3M in crypto from Colonial Pipeline ransom

Government officials did not specify the exact method used to seize the funds from the ransomware group. Officials with a United States government task force have seized more than $2 million in crypto used to pay for ransom following an attack on the Colonial Pipeline system.  In a Monday press conference, Deputy Attorney General Lisa Monaco said that the task force “found and recaptured” millions of dollars worth of Bitcoin (BTC) connected to Russia-based DarkSide hackers — the majority of the $4.4 million funds originally paid. A warrant […]

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Two-Fifths of Australian Millennials Prefer Crypto Investments Over Real Estate

A report published by the cryptocurrency exchange Kraken shows that two-fifths of Australian millennials prefer to invest in cryptocurrency assets over real estate. The survey shows that a number of Australians are losing faith in traditional assets like gold, stocks, and real estate. Kraken’s Australia Managing Director: ‘Young Aussies Look for Other Options to Grow Wealth’ A survey conducted by the San Francisco crypto exchange Kraken indicates that 40% of millennials believe investing in digital assets like bitcoin (BTC) will end up turning into long-term gains. In […]

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Deutsche Bank Sees Rising Inflation As A Ticking Economic “Time Bomb”

Contrary to many financial institutions, analysts at Deutsche Bank have warned of global consequences that will stem from fiat inflation. Deutsche bank has forecasted an economic crisis following the rise of U.S. dollar inflation, making it a rare institutional voice to do so. Contrary to the stance of many policymakers regarding the eventual effects of ongoing stimulus activities and decisions by the Federal Reserve, economists at Deutsche Bank predicted adverse effects of inflation, especially to the most vulnerable in society, in a recent analysis reported on by […]

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Crypto Twitter says traders are short Bitcoin, but data shows otherwise

A growing number of analysts have flipped bearish on Bitcoin and expect a significant price drop, but analyzing data from the perpetual futures and options markets uncovers a contrasting narrative. Margin trading allows investors to borrow stablecoins or cryptocurrency to leverage their position and improve the expected return. For example, borrowing Tether (USDT) will allow one to buy Bitcoin, thus increasing their Bitcoin (BTC) long position in.  Investors can also borrow BTC to margin trade a short position, thus betting on price downside. This is why some […]

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El Salvador Offers No Capital Gains Tax, Permanent Residence to Crypto Entrepreneurs

Nayib Bukele, president of El Salvador, has weighed in the future of his country now that there is a formal proposal for making Bitcoin a legal tender, announcing complementary measures. Bukele mentioned yesterday on Twitter there would be no capital gains on Bitcoin earnings, and also highlighted the possibility of offering permanent residence to crypto entrepreneurs wanting to move to the LATAM country. El Salvador to Collect No Capital Gains on Bitcoin Earnings, Offers Permanent Residence to Crypto Entrepreneurs Nayib Bukele, President of the Republic of El […]

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Bitcoin 2021: The Bitcoin Macro Landscape

Trey Lockerbie, Preston Pysh, Jeff Booth, Mark Yusko and Greg Foss sat down to discuss the Bitcoin macroeconomic landscape. This conference session took place on day two of the Bitcoin 2021 conference in Miami on June 4 and 5. Experience the #Bitcoin2021 party from anywhere in the world by joining our conversation on Telegram, and be sure to subscribe to our newsletter to stay on top of the latest Bitcoin news and all the happenings at Bitcoin 2021. Watch this conference session on YouTube.  In this exciting […]

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