Monthly Archives: June 2021

Lloyds Auctions Australia Sells a Pricey Caravan for Cryptocurrency

Australia’s Lloyds Auctions now accepts major cryptocurrencies for any of the items offered on its marketplace. Within hours of the announcement, the auction house managed to sell an expensive caravan (camper/trailer) to a bidder who was happy to pay the full price with digital coins. Australian Auction House Lloyds Auctions Accepts Crypto From Bidders Against a backdrop of volatile crypto markets in the past days and weeks, investors have been on the lookout for ways to cash out profits or transfer some of their wealth elsewhere. Lloyds […]

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The Federal Reserve, Reverse Repo And Bitcoin

In this episode of “Fed Watch,” the hosts discussed the latest in the bitcoin market and macroeconomics. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn Overcast In this episode of Bitcoin Magazine’s “Fed Watch” podcast, we, your hosts Christian Keroles and Ansel Lindner, are back from a well-deserved break. We started out the show by reminiscing about the Bitcoin 2021 conference from a couple of weeks ago. It was the first time we met in person. Perhaps next time, we will record […]

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Crypto market cap recovers $76B, altcoins rally after Bitcoin hits $34K

Bitcoin’s quick recovery to $34,800 ignited a rally in altcoins, boosting the total crypto market capitalization by $76 billion. Cryptocurrency traders received a reprieve from bearish market conditions on June 23 as Bitcoin’s (BTC) brief recovery to $34,880 triggered a rally in altcoins and hope that a wider market recovery will occur if the path laid out by the Wyckoff distribution model rings true. According to data from CoinMarketCap, the total cryptocurrency market capitalization fell by nearly $230 billion between June 20 and June 22 but it has […]

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FTX Becomes MLB’s Official Cryptocurrency Exchange Brand in Long Term Deal

Following the naming rights deal for the NBA’s Miami Heat arena and the partnership with the esports giant TSM, FTX Trading Limited revealed a long term partnership with the professional baseball organization Major League Baseball (MLB). FTX Partners With Major League Baseball FTX Trading Limited and its parent company West Realm Shires Services Inc., has announced “a new long-term, global partnership,” according to mlb.com. The deal means that FTX will be the official cryptocurrency exchange brand for the professional baseball league. The long-term partnership is meant to […]

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Chinese Crackdown: Bitmain Stops Rig Sales, Exodus Ensues, Hash Rate Declines

China’s bitcoin mining crackdown has led to Bitmain halting mining rig sales, exodus of miners and decline in the hash rate. Bitmain Technologies, the world’s largest manufacturer of bitcoin mining rigs, is halting global spot sales of its machines to aid the secondhand market for rigs in China, according to Bloomberg. Today, Bitmain told the local mining community that the company’s decision is a product of the recent price plunges of new mining equipment. Since April, top-tier bitcoin mining rigs in China have been priced down by […]

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Senator Cynthia Lummis excited to buy the Bitcoin dip

The conservative Republican from Wyoming plans to buy more BTC if the price drops further. United States Senator Cynthia Lummis, a Republican from Wyoming, took advantage of a deeply discounted Bitcoin (BTC) price this week by adding to her holdings.  In the wake of yet another major price correction for crypto assets, Lummis told Fox News Wednesday that she’s “excited to buy the Bitcoin dip.” U.S. Senator, @CynthiaMLummis, “I’m excited to buy the #bitcoin dip” pic.twitter.com/OHXiA6vhxi — Documenting Bitcoin (@DocumentingBTC) June 23, 2021 When asked about Bitcoin’s rapid […]

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Altcoins follow Bitcoin price’s lead as uncertainty grips crypto market

Historical data suggests that during periods of extreme market turbulence, most altcoins tend to follow Bitcoin’s price movements closely. Cryptocurrency investors all over the globe have been facing a challenging time for over a month thanks, in large part, to the unprecedented price drops that have happened across the board in relation to most prominent digital currencies available in the market. Since the start of June, the total market capitalization of this relatively nascent space has dipped from a little over $1.8 trillion to around $1.3 trillion, […]

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How Unstoppable Domains is Accelerating the World’s Transition to Cryptocurrency

The goal of cryptocurrencies is to give financial freedom back to the individual. In order to fully realize this vision, the world of crypto must remove its major barriers to entry. One of the biggest challenges for those new to the space is sending and receiving payments. This intimidating process involves typing a long line of random letters and numbers into an address bar, hitting Send, and hoping that the address was entered correctly. If the user punches in the wrong address, their money’s gone forever. At […]

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Bitcoin’s Hashrate Drops Below 100 Exahash, Observers Describe China’s ‘Great ASIC Exodus’

Most of the crypto community has been focused on the developments in China and more specifically, the crackdowns against bitcoin miners in Inner Mongolia, Xinjiang, Qinghai, Yunnan, and Sichuan. On Wednesday morning (EST), Bitcoin’s overall hashrate has continued to drop and is now below the 100 exahash per second (EH/s) region. During the last 24 hours, people acquainted with Chinese miners have been describing the latest hardships bitcoin miners are facing. Hashrate Migration Is ‘Destined to Be a Long Process’ Notices stemming from government officials in five […]

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Fighting Monetary Colonialism With Open-Source Code

France still uses monetary colonialism to exploit 15 African nations. Could Bitcoin be a way out? In the fall of 1993, Fodé Diop’s family was saving up for his future. A brilliant 18-year-old living in Senegal, Fodé had a bright path in front of him as a basketball player and an engineer. His father, a school teacher, had helped him find inspiration in computers and in connecting with the world around him. And his athletic talents had won him offers to study in Europe and in the […]

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