Monthly Archives: June 2021

Bitcoin price bounces to $33K but analysts say ‘it’s too early’ to call a bottom

Dip buyers stepped in as Bitcoin price fell to $29,000 but analysts caution that China’s crackdown on BTC mining and a lack of buy volume mean the crypto market has not found a bottom yet. Cryptocurrency investors found little reprieve on June 22 as the price of Bitcoin (BTC) fell below $30,000 for the first time since January, sparking panic among less experienced market participants who have yet to experience a full market cycle.  While Bitcoin has been under increasing pressure from multiple sources since early May, […]

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Chess Tournaments, Tech Giants And $100,000 In Bitcoin

What can a sixth century game teach us about 21st century money? A lot, apparently. On May 29th, the world’s top 16 chess players competed in the FTX Crypto Cup. Hundreds of thousands of fans tuned in to Chess24.com, Twitch, Youtube and the Champions Chess Tour website to watch their favorite players duke it out in the nine-day event. But unlike prior tournaments of this scale, where the prize pool is almost always denominated and paid in U.S. dollars, the FTX Crypto Cup was different. Thanks to […]

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The Dimensions Of Money

The first of this four-part series discusses the various aspects of money that are not commonly understood. The Wall Street Analyst’s Introduction to Bitcoin: The Dimensions of Money What Bitcoin Does How Bitcoin Works The Monetary Properties of Bitcoin Introduction I first discovered Bitcoin in 2015 as an undergrad, and then wrote a short essay concluding that bitcoin was a speculative asset with no fundamental value. Though I wish that were not my initial opinion, when applying the economic theory I had learned in school it was […]

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Vaneck Files Prospectus With US Regulator to Launch a Bitcoin Mutual Fund

On June 21, the wealth manager Vaneck filed a prospectus to launch what it calls a Bitcoin Strategy Fund. The prospectus filed with the U.S. Securities and Exchange Commission (SEC) explains the fund will procure bitcoin exchange-traded products and futures. Vaneck’s Fund Will Invest in Bitcoin Futures and Pooled Investments Tied to the Leading Crypto Asset While the fund manager Vaneck waits to hear a decision about its exchange-traded fund (ETF) registration, the company applied with the SEC to release a mutual fund for investors who want […]

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Interview: Investing In Bitcoin With Kevin O’Leary

Kevin O’Leary of “Shark Tank” joined the “Bitcoin Magazine Podcast” to discuss the bitcoin market, price and mining. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn Overcast In recent months, conversations about the environmental impact of bitcoin have risen to national prominence. In this “Bitcoin Magazine Podcast” episode, hosts David Zell and Matt Odell sat down with famed “Shark Tank” investor Kevin O’Leary to discuss that issue and more. Though O’Leary is probably best known for his gig as a pitch evaluator […]

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Taproot: An Example Of Bitcoin’s Win-Win Logic

Taproot has a variety of benefits for all users of Bitcoin, and is an example of improving ability to expand and enhance Bitcoin. Jason Lau is the COO of Okcoin. Almost four years after Bitcoin’s last big update, Taproot is finally locked in and will activate in November. This is a big win for Bitcoin and the entire ecosystem, whether or not you understand the technical intricacies of the upgrade itself. Okcoin will support Taproot when it activates, to ensure that our customers and the network can […]

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Institutional exchange launches crypto debit card

Touted for its ability to allow users to “leverage the digital assets in their day-to-day lives,” the Bakkt Visa debit card is now available for online and in-store purchases. Intercontinental Exchange subsidiary Bakkt has introduced a debit card allowing customers to use crypto for retail purchases. In a Tuesday announcement, Bakkt said it had launched a fully virtual Visa debit card for both online and in-store spending. Card holders can spend Bitcoin (BTC) from their Bakkt accounts without waiting to convert the cryptocurrency to fiat. “Imagine a […]

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Salvadoran Representative Introduces Lawsuit Against the Bitcoin Tender Law for Being Unconstitutional

Jaime Guevara, a Salvadoran representative, presented a lawsuit against the recently approved bitcoin tender law today. Guevara alleges the law is unconstitutional and brings a series of changes that will cause problems for Salvadorans. Some people suspect Bukele’s regime is behind the representative’s demand due to its inability to applying this novel law. Salvadoran Representative Jaime Guevara Introduces Demand Against Bitcoin Law Jaime Guevara, a Salvadoran opposition representant, introduced a demand to deem the recently approved bitcoin tender law as unconstitutional. Óscar Artero, a co-signer of the […]

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Bad call? Bitfinex bears closed a block of Bitcoin shorts before the drop below $32K

Bitcoin short positions at Bitfinex soared as BTC price dropped below $40,000, so why did the majority of them close before the largest part of the correction? Bitcoin price is still in a rut, trading near $33,000 and trapped in a downtrend that just seems to get worse with the passing of each day. As the price slumps, analysts have consulted with several technical and on-chain metrics to explain the price collapse, but none of these have picked up on the exact reason.  One area of interest […]

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Privacy Is Key for Successful Digital Euro, Data Protection Body Says

The European Data Protection Board (EDPB) has issued a call for EU institutions to uphold privacy when designing a digital version of the euro. The agency is ready to provide advice on data protection matters surrounding the project. Meanwhile, an ECB executive has vowed that the digital euro will protect users’ privacy. EDPB Insists Data Protection Should Be a Priority in Eurozone’s CBDC Project The EDPB has shared its views on the privacy and data protection aspects of a possible digital euro in a letter addressed to […]

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