Monthly Archives: June 2021

Bitcoin’s Monetary Superiority Is Guaranteed By Physics

The properties inherent to Bitcoin are deterministic, not probabilistic, and rely on the natural laws which make up our world. Everything in the (observable) universe is ultimately governed by the laws of physics. This includes everything from observable phenomena at the cellular and molecular level to what we can observe in the most distant of galaxies. At its most simplistic level, this centers around energy and energy as a state of matter, something that cannot be created or destroyed, only transferred between entities (first law of thermodynamics). […]

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Report: MicroStrategy Boosts Latest Note Offering To $500 Million, After Receiving $1.6 Billion In Orders

MicroStrategy has raised its latest note offering, meant to fund additional bitcoin purchases, after receiving major interest. Software intelligence firm MicroStrategy has reportedly raised its latest note offering from $400 million to $500 million, bearing an interest rate of 6.125%, which will fund more bitcoin purchases by the company, according to a recent report by Yahoo Finance. MicroStrategy released an announcement on the pricing update. The company received a large number of orders totaling $1.6 billion from hedge funds, according to Yahoo Finance, prompting the company to […]

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Mexico lawmakers aim to follow the example of neighboring countries with proposed Bitcoin legislation

“We are going to lead the shift to crypto and fintech in Mexico,” said one senator. Eduardo Murat Hinojosa, a senator of the federal government of Mexico, has said he will be submitting a proposal to lawmakers seemingly aimed at crypto adoption in the country. In a tweet today, Hinojosa changed his profile picture to feature the senator speaking into a microphone with the iconic “laser eyes,” indicating support for crypto. The lawmaker said he would be “promoting and proposing a legal framework for crypto coins in […]

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Reports suggest BlockFi seeks to raise millions at a valuation of $5B

Financiers from New York and London are said to be leading the private investment round, according to reports. Cryptocurrency lending platform BlockFi is reportedly looking to raise hundreds of millions of dollars in new funding at a valuation of nearly $5 billion, offering further insights into the growth of crypto-focused companies. The company, which was founded in 2017 by Zac Prince and Flori Marquez, is said to be in late-stage talks with new and existing investors to secure the capital raise, according to technology publication The Information. […]

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Amazon Job Listing Seeks Blockchain Lead – Internet Giant Looks to Create ‘Business Use Cases Across Defi’

Amazon is looking for a blockchain expert, according to a job posting published on the company’s employment portal. The firm wants someone who is “passionate about blockchain and decentralized networks” and someone who can build innovative “business use cases” across decentralized finance (defi). Online Marketplace Amazon Hopes to Hire a Head of Product to Lead Blockchain Innovation The world’s largest online marketplace Amazon is seemingly watching blockchain innovations and current defi platforms make waves in the world of finance. Since the firm’s inception, Amazon has disrupted the […]

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Bitcoin Returns Self-Empowerment To People

The mechanisms which create the conditions of freedom that bitcoin enables also create self-empowerment within HODLers. Rule V: Bitcoiners Do Not Do What We Hate A reimagination of “Beyond Order” by Jordan Peterson through the lens of Bitcoin. Rule I Rule II Rule III Rule IV Preface These essays mirror the exact chronological structure of “Beyond Order” by Jordan Peterson, offering a reflection through a Bitcoin lens. This is chapter five of a 12-part series. If you read the book it adds a second dimension. All quotes credited […]

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Concordium aims to end the era of anonymity in crypto industry

Crypto and blockchain industries need to play by the rules to realize their full potential, Concordium CEO says. The anonymity of Bitcoin (BTC) and other cryptocurrencies is a hot topic in the crypto space. While the transactions are open to track in a public blockchain, it is challenging to link a transaction with a real-life person in many use cases. As an identity-centric platform, Concordium takes a different direction by offering complete transparency. “The time has come for the blockchain industry to respect the general rules of […]

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IRS needs congressional authority to handle crypto, says chief

“Most crypto, virtual currencies are designed to stay off the radar screen,” said Charles Rettig. Internal Revenue Service chief Charles Rettig called out lawmakers for not taking the initiative on addressing the problem of many U.S. residents not paying taxes on crypto. In a Tuesday senate hearing on the IRS’ fiscal year 2022 budget, Rettig said that the agency would likely require a “clear dictate from Congress” to regulate crypto. The IRS has listed $32 million in its budget for “crypto-related enforcement operations” as well as $41 […]

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IRS Seeks Congressional Authority to Obtain Data on Cryptocurrency Transactions

The U.S. Internal Revenue Service (IRS) says it needs congressional authority in order to obtain the information needed to regulate cryptocurrency. “We get challenged frequently and to have a clear dictate from Congress on the authority for us to collect that information is critical,” IRS Commissioner Charles Rettig said. IRS Says It Needs More Authority to Collect Crypto Data IRS Commissioner Charles Rettig said Tuesday during a Senate Finance Committee hearing that the IRS needs more authority to do its job in regulating cryptocurrency. He said: I […]

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Justin Sun Buys “Golden Whale Pass” NFT Built On Liquid For 12.6 BTC

Justin Sun bought the Liquid sidechain “Golden Whale Pass” NFT, which provides access to all Bitcoin conferences, for 12.6 bitcoin. Justin Sun, founder of TRON and CEO of file sharing software BitTorrent, won the bidding for the first-ever Golden Whale Pass, an NFT (non-fungible token) built on the Liquid Bitcoin sidechain and minted by NFTglee. Sun purchased the Whale Pass for 12.6 BTC, making it the highest-priced Bitcoin-adjacent NFT ever sold. Sun said the purchase represents a major milestone for Bitcoin. “Bitcoin is one of the best […]

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