Monthly Archives: June 2021

Why I Bought Bitcoin As A Gen Z

In a world of darkness, Bitcoin is a light for a lost generation. I couldn’t have said this any better myself. So, why did I buy bitcoin when I was 18, and why do I continue to buy now at 21? After my high school graduation, I was no longer a kid anymore, I was an adult. Being an adult is expensive. Eventually most adults want to buy a car, a house, fund their lifestyle, go on vacations, retire, etc. That is all extremely expensive and can […]

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Polywhale Finance founders accused of rug pull amid abrupt shut down

The founders of the DeFi yield farm have allegedly redeemed over $1 million worth of tokens as the Treasury wallet was drained Monday. Developers of Polywhale Finance, a leading yield farm on the Polygon network, have abandoned the project in what appears to be an elaborate exit scam worth over $1 million, cryptocurrency news outlet Crypto Briefing reported Monday.  Polywhale Finance’s founders are being accused of pulling a “soft rug” exit scam by selling their tokens during the latest crypto market price collapse. In a Telegram group […]

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Stablecoin inflows to exchanges dip as traders watch Bitcoin from the sidelines

Stablecoin inflows to exchanges tapered off as investors turned bearish on Bitcoin, but a surge in USDC minting could be a signal of upcoming regulation. The growth of stablecoin’s market cap and circulating supply has been one of the best indicators for attaining a general pulse on how participants in the market are feeling during bullish and bearish times. Monitoring the Tether (USDT) treasury for large issuances was a common tactic used by analysts and traders to position themselves for a possible pump in the price of […]

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The Dip Before The Run: Why We’re Headed For $250,000 Bitcoin

Investment funds holding bitcoin, Powell admitting inflation may be higher than expected, and more in this edition of Last Week In Bitcoin. Last Week In Bitcoin is a series discussing the events of the previous week that occurred in the Bitcoin industry, covering all the important news and analysis. Summary After breaching $40,000 on Monday, it seemed a bull run was all but certain this week; however the fun didn’t last too long before bitcoin’s sudden surge from Sunday started to fizzle away. The week has been […]

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Financial Advisor Ric Edelman Sees ‘Tremendous Investment Opportunities’ in Bitcoin

Financial advisor Ric Edelman, founder of Edelman Financial Engines and RIA Digital Assets Council, has recommended having bitcoin in investment portfolios despite the cryptocurrency’s volatility. “This is totally new and different and it’s the first genuinely new asset class in about 150 years,” he said, emphasizing that “It has tremendous investment opportunities.” Ric Edelman Sees Benefits of Having Bitcoin in Portfolios Ric Edelman talked about bitcoin and cryptocurrency investments in an interview with Yahoo Finance last week. He founded Edelman Financial Engines and RIA Digital Asset Council. […]

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Interview: Zac Watson On Bitcoin’s Self Sovereignty

Zac Watson joined “Meet The Taco Plebs” to discuss Bitcoin’s impact on his life and freedom characteristics. 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 the pleb Zac Watson (@zwatson on Twitter), to discuss his Bitcoin rabbit hole story, his thoughts on Bitcoin’s impact on life and his future price predictions. Watson went into detail about his friends introducing him to Bitcoin in 2013 and the passion […]

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Canadian regulator will hold hearing against Bybit for alleged violations of securities law

The commission alleges Bybit exposes local investors “to unacceptable risks and create[s] an uneven playing field within the crypto asset trading platform sector.” The Ontario Securities Commission has issued a notice stating that it will be holding a hearing against Bybit regarding the crypto exchange allegedly “flouting” Canadian securities law. In a Monday notice from the Ontario Securities Commission, or OSC, the regulatory body alleged Bybit had “failed to comply with the registration and prospectus requirements under Ontario securities law” despite the OSC issuing an April 19 […]

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Data shows Bitcoin bears dominate Friday’s $2.5B BTC options expiry

Bears have a potential $450 million lead if Bitcoin fails to hold $32,000 until June 25. Bitcoin (BTC) price dropped roughly 22% over the past 7 days, retesting the $31,700 area for the second time in June. The most pressing news for the negative performance has been China supposedly cracking down bank accounts of over-the-counter desks, according to some analysts: China cracking down on the bank accounts of #bitcoin OTC desks, this is getting serious!!! — Lark Davis (@TheCryptoLark) June 21, 2021 However, as reported by Cointelegraph, […]

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How Bitcoin Improves Financial Access And Inclusion

Bitcoin is, for many, the first opportunity to store wealth in a safe and secure manner, without outside manipulation. El Salvador’s decision to use bitcoin as legal tender in their country was recently celebrated by bitcoin HODLers around the world. Yet the International Monetary Fund (IMF) quickly expressed concerns about the legality of doing so. Was this simply a matter of traditional financial institutions guarding their fiat turf from bitcoin, a digital asset they don’t understand? How can bitcoin and its blockchain technology facilitate financial inclusion and […]

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Institutional selling of crypto reaches longest streak since Feb 2018

CoinShares’ weekly report showed another large outflow from digital asset products, with much of the selloff concentrated in Bitcoin funds. Institutional managers continued to take profits on their cryptocurrency holdings, with funds dedicated to Bitcoin (BTC) registering their sixth consecutive weekly outflows, according to CoinShares.  Outflows from digital asset investment products totaled $79 million last week, marking the third consecutive weekly decline and the longest stretch of drawdowns since February 2018. Outflows from Bitcon funds totaled $89 million, whereas Ethereum (ETH) products endured a $1.9 million decline. […]

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