Monthly Archives: June 2021

Despite The Dip, The Bitcoin Market Is Bullish As Ever

There are several reasons why this bull market is set to continue, as reviewed in 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 This was the week of El Salvador. Since President Nayib Bukele’s announcement in Miami at Bitcoin 2021 that El Salvador would adopt bitcoin as legal tender, the internet has been ablaze. The country’s parliament has since made it official, voting […]

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Interview: Self Sovereignty With Btc_Log

In this episode of “Meet The Taco Plebs,” Bitcoin Magazine’s Casey Carrillo sat down with btc_log to talk about all things bitcoin. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn Overcast In this episode of Bitcoin Magazine’s “Meet The Taco Plebs,” I sat down with Twitter pleb @btc_log to discuss his bitcoin rabbit hole story, his thoughts on bitcoin’s impact on life, and his future price predictions. Btc_log went into detail about how he started out in Bitcoin with mining, and how […]

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Following massive BTC purchase announcement, MicroStrategy says it may sell up to $1B in stock

The firm said it intended to use the proceeds from the offering “for general corporate purposes, including the acquisition of Bitcoin.” The same day business intelligence firm MicroStrategy announced it would use $488 million from the proceeds of a private offering sale to buy Bitcoin, the company said it may also sell up to $1 billion of its stock for the same reason. In a Monday S-3 filing for the U.S. Securities and Exchange Commission, MicroStrategy said it would be launching an “at the market” securities offering […]

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Algorand (ALGO) price strengthens as institutional investors back the project

Backing from institutional investors and a series of new partnerships could help ALGO break from its current range in the coming week. Consolidation periods tend to follow strong rallies but they also present a good opportunity to survey the field and evaluate projects that have strong fundamentals. One project that continues to gain traction in terms of price recovery and network adoption is Algorand (ALGO), a pure proof-of-stake (POS) blockchain network that has secured new partnerships and real-world use case applications, as well as support from multi-million-dollar […]

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Thinking Too Small And The Pitfalls Of The Inflation Narrative

It may be that the most-cited narrative of bitcoin is simply one of many aspects in this global technological adoption. The One Chart We Need To Study And Why Bitcoiners Need To Move Away From The 1970s-Style Inflation Thesis The first chart plotted below is deceptively simply, and yet extremely important. I would even make the argument that it is the most important chart to fully internalize so far in 2021. This is the signal through the recent noise of messy economic data. Chart #1 below visualizes […]

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Subcontractors and Builders Located in China’s Xiong’an New Area Are Being Paid in Digital Yuan 

Xiong’an New Area, a state-level new area in Hebei, China, is seeing the use of onchain digital yuan payments, according to a circular issued by the Xiong’an government. The announcement details that Xiong’an subcontractors and builders are being paid using the central bank digital currency (CBDC) via the People’s Bank of China and the new area’s development management committee. Xiong’an New Area Pays Contractors in Digital Yuan It seems workers in the state-level new area in Hebei, China also known as Xiong’an New Area, are being paid […]

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Bitcoin Versus The Great Financial Bubbles Of The Past

The previous crises are actually quite different from what we are currently experiencing if we examine history. In times of extreme fear, uncertainty and doubt (FUD), Bitcoiners need FUD-busting. In 1710, almost a decade before the South Sea Bubble in England and the Mississippi Bubble in France, the essayist and author Jonathan Swift wrote the following iconic lines, echoed by many of history’s most famous writers, about truth and lies and their effects: “… it often happens, that if a lie be believed only for an hour, […]

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Price analysis 6/14: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, LTC, BCH

Bitcoin’s surge above $40,000 and the breakouts from select altcoins may be signals that the bottoming process has begun. Bitcoin (BTC) has risen above the psychological resistance at $40,000 following a series of positive news flow over the past week. The first bit of bullish news that impacted the price of Bitcoin was a tweet from Tesla CEO Elon Musk who said the carmaker wil accept Bitcoin payments if more than 50% clean energy is used by Bitcoin miners with a “positive future trend.” Another piece of news […]

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French Football Federation launches official player NFTs with Sorare

Les Bleus players and their sports stats will be tokenized on the blockchain for trading and playing in fantasy games. With the Euro 2020 championship in progress, blockchain-based fantasy soccer game Sorare has announced the licensing agreement for a national sports association to issue nonfungible tokens of its players. In an announcement today, Sorare said the France Football Federation, or FFF, had launched its own line of player nonfungible tokens, or NFTs, prior to the team’s match against Germany on Tuesday. The French National Team — often […]

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Crypto Cyberthreats Spike This Year With Russia Hit the Hardest, Report Reveals

Cyberthreats related to cryptocurrencies have increased with rising demand for the digital assets, a study has concluded. Russia, Thailand and Peru are the most affected countries by malicious attacks designed to exploit the heightened interest in decentralized money, the authors point out. Booming Crypto Markets Bring Out Cybercriminals Despite the ongoing Covid pandemic still leading the headlines around the world, the topic has lost some prominence in the cyberthreat landscape since the beginning of this year. At the same time, threats related to cryptocurrencies have increased alongside […]

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