Monthly Archives: June 2021

Why Every Single Person Needs Bitcoin

The humanitarian aspects of bitcoin overshadow the nominal value focused on by many westerners. It’s become really easy to get lost with all the volatility and headlines present in Bitcoin lately. The various altcoins are becoming more and more distracting, albeit ever-useless, and new entrants into the space continue to make us forget the real reason why we are here. Unfortunately, the people behind these schemes simply don’t understand what a crucial time we are living through. Bitcoin is a fix to the current corrupt system. Traditionally, […]

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Elizabeth Warren compares ‘bogus’ crypto to ‘legitimate’ CBDCs in senate hearing

“The threats posed by crypto show that congress and federal regulators can’t continue to hide out, hoping crypto will go away,” said the Massachusetts senator. Democratic Senator Elizabeth Warren did not mince words when it came to criticizing crypto, but seemed to consider a federally-backed digital currency as a possible solution to address problems around financial inclusion in the United States. At a Wednesday session of the Senate Banking Committee discussing a U.S. government-backed central bank digital currency, or CBDC, Warren said the recent explosion in cryptocurrencies […]

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El Salvador’s president wants to build volcano-powered crypto miners

Bitcoin is heating up — some may say erupting — as the Latin American country plans to tap energy from volcanoes for mining the cryptocurrency. Nayib Bukele’s plans for crypto in El Salvador are still in motion, with the president now calling for a geothermal power company to make certain facilities available to Bitcoin miners.  In a Wednesday tweet from Bukele, the president said he would be instructing Mynor Gil, the president of the state-owned electrical company LaGeo, to facilitate Bitcoin (BTC) mining “with very cheap, 100% […]

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Iran’s President Wants Crypto ‘Laws and Instructions’ Implemented as Soon as Possible

Iranian president Hassan Rouhani discussed cryptocurrencies at the most recent meeting of the government’s Economic Coordination Board and told participants that regulatory policy is needed to protect consumers. Rouhani believes the Iranian government should “communicate the necessary laws and instructions” as soon as possible so dishonorable crypto businesses are avoided. Regulation Necessary to Keep ‘Unprofessional’ Entries Out of Crypto Sector, Iranian President Hassan Rouhani Says On Tuesday, Iranian president Hassan Rouhani made comments toward the cryptocurrency industry gaining ground in Iran and also warned retail investors about […]

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Bitcoin Optech #152: Lightning Node Payments And More

This week’s newsletter describes a LN node payment proposal, Bitcoin Core PR Review Club meeting and more. The Bitcoin Optech newsletter provides readers with a top-level summary of the most important technical news happening in Bitcoin, along with resources that help them learn more. To help our readers stay up-to-date with Bitcoin, we’re republishing the latest issue of this newsletter below. Remember to subscribe to receive this content straight to your inbox. This week’s newsletter describes a proposal to allow LN nodes to receive payments without keeping […]

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The First DeFi & NFT Social Media Project, Torum Announces NFT Launchpad

PRESS RELEASE. Torum prepares to launch an NFT launchpad from its unique DeFi & NFT-infused social media platform, following successive fundraising achievements. 9th June, 2021, Kuala Lumpur, Malaysia — Torum, the first DeFi, and NFT-infused crypto social media platform is now going to launch an NFT launchpad that is designed with cross-chain interoperability. The integration of the NFT feature will enable projects to raise funds from a community of over 56,000 cryptocurrency users and investors. Introducing Torum NFT Launchpad Torum NFT Launchpad is developed on Torum’s DeFi […]

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Interview: The Pleb’s Bitcoin Development Fund With Ben Price

On this episode of the “Bitcoin Magazine Podcast,” host Christian Keroles sat down with Ben Price of Bitcoin development project Open Sats. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn Overcast On this episode of the “Bitcoin Magazine Podcast,” host Christian Keroles sat down with Ben Price of Bitcoin development project Open Sats.  Price is a Bitcoin pleb who left Visa to work on funding open-source software development. He created Open Sats, a 100% pass-through nonprofit for allowing Bitcoiners to donate to […]

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Price analysis 6/9: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, SOL, BCH

Bitcoin’s sharp rebound from its recent swing low suggests traders are aggressively accumulating BTC and altcoins on major dips. Bloomberg Intelligence senior commodity strategist Mike McGlone believes that Bitcoin (BTC) is more likely to rally to $40,000 than slump to $20,000. This bullish outlook seems to be shared by traders as Bitcoin initiated a sharp recovery today. On-chain data also suggests that long-term holders (LTH) have again started accumulating Bitcoin after booking profits during the rally from $10,000 to $64,000. The total number of Bitcoin held by […]

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Canadian prime minister’s sibling goes bananas for Dogecoin at Bitcoin 2021

“I say keep an open mind towards the Doge and Doge-consciousness,” said Kyle Kemper. The big crypto news out of Miami over the weekend may have been El Salvador President Nayib Bukele’s decision to proceed with making Bitcoin legal tender, but another figure connected to a world leader made his own mark in supporting Dogecoin. In an exclusive interview with Cointelegraph at the Bitcoin 2021 conference, Kyle Kemper, the 37-year-old half brother of Canadian prime minister Justin Trudeau resplendent in a banana costume, said he was launching […]

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Commodity Strategist Mike McGlone Says $40K BTC Target ‘More Likely’ Than $20K

Bloomberg Intelligence senior commodity strategist Mike McGlone believes bitcoin is “more likely” headed for $40K instead of $20K after discussing the possibility of capitulation in a recent tweet. McGlone’s opinion follows a number of predictions that say bitcoin could drop to the $20K zone if there’s more pullback in the cards. Bloomberg Commodity Strategist Suggests Bitcoin ‘More Likely’ to Hit $40K Than $20K Bitcoin markets have improved on Wednesday, after the announcement stemming from El Salvador which recognized bitcoin (BTC) as legal tender in the country. Even […]

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