Monthly Archives: July 2021

Historic Levels of Realized Losses

Sometimes, the bitcoin market is a wild ride. The below is an excerpt from a recent edition of the Deep Dive, Bitcoin Magazine‘s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Over the last 55 days, there has been a historic amount of losses on the Bitcoin network. Over $16 billion worth of losses have been realized since May 13. The steady bleed of the class of 2021 bitcoin investors continues, […]

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Nashville Contracting Company Encourages Clients To Pay In Bitcoin Due To Inflation

Local Nashville company encourages their clients to pay in bitcoin due to inflation concerns. Another day, another company accepting bitcoin as payment. Close to Bitcoin Magazine here in Nashville, a local contracting company is encouraging their clients to pay for their services in bitcoin by offering them a 10% off discount, reports News Channel 5 Nashville. “The reason we do this is the cost of lumber is up, the cost of labor is up, and we are hedging our bets due to inflation, in order to get […]

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Interview: From Bars To Bitcoin With Justin The Bitcoin Vegan

Justin explores a diverse array of topics pertaining to the freedom of Bitcoin in this Bitcoin Magazine podcast. Watch This Episode On YouTube. Listen To This Episode: Apple Spotify Google Libsyn Overcast Bitcoin TV On this episode of the “Bitcoin Magazine Podcast,” CK sits down with Justin the Bitcoin Vegan. Justin is a leader of the Black Bitcoin Billionaires Podcast, an author and a Bitcoin educator. In this podcast CK explores Justin’s past and how he overcame growing up in poverty and going to prison, and how […]

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3 reasons why Ethereum exchange reserves are falling to new lows

Ethereum held in exchange reserves reached a new low after a surge in Ether staked in Eth2 and the approach of the long-awaited London hard fork. Over the past week, astute crypto market analysts noticed some interesting developments related to the supply of Ether (ETH) as the network’s August 4 London hard fork approaches. Recent data from CryptoQuant, an on-chain analytics firm, indicates that the amount of Ether held in cryptocurrency exchanges’ reserves has hit new daily lows since the start of July. Ethereum all exchange reserves. Source: […]

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Crypto Exchange Binance.us Hires Former Financial Regulator

Binance.us has hired Manuel Alvarez, a former financial regulator from California, to work as its chief administrative officer. The San Francisco-based crypto exchange, which sources technology from Binance, is aiming to deal with “the big question” — compliance. Binance.us Filling Roles in Compliance, Risk Management, and Legal Binance.us, powered by matching engine and wallet technologies licensed from the world’s leading coin trading platform, announced the appointment of Alvarez in a statement released this week. The exchange’s new chief administrative officer has previously served as the commissioner of […]

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OVR and the Future of Augmented Reality Chats

It was announced today that OVR, a mobile app linked to the world of blockchain and NFTs, is heading towards a new front, that of augmented reality chats. In fact, the new update of the app, available for both iOS and Android, promises AR face-to-face chats, i.e. the ability to talk to friends within the app using avatars and interacting with them. It is the first app to allow such a feature, especially if we think about the crypto sector and the implications of OVR in the […]

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First Midwest Bank Trust Division increases Grayscale Bitcoin Trust holdings by 283%

A report on the firm’s holdings to the SEC for Q2 2021 revealed the bank’s trust division had 29,498 shares in Grayscale’s Bitcoin Trust, worth more than $880,000. Illinois-based financial services company First Midwest Bank’s trust division has reported it held 29,498 shares of Grayscale’s Bitcoin Trust as of the second quarter of 2021.  According to an institutional investment manager holdings report filed by the First Midwest Bank Trust Division to the U.S. Securities and Exchange Commission, the company increased its shares of Grayscale’s Bitcoin (BTC) Trust […]

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Scaling Lightning: To El Zonte… And Beyond!

The path forward for Bitcoin is clear, with a revolution in the ability to transfer value occurring right in front of us. Here’s a philosophical question for Star Wars fans: when Luke fired two proton torpedoes down the thermal exhaust port and destroyed the first Death Star, was it the end of the story or the beginning? On the one hand, the Rebel Alliance had won the battle and was safe after that shot. They even had an awards ceremony. Cue John Williams. On the other hand, […]

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Dear Iran: A Letter About Bitcoin

A country so troubled could benefit mightily from an early adoption of such a powerful technology. Dear Ebrahim Raisi, Congratulations on your victory in the presidential election. This election and your term as President will dictate the future of Iran. I am a citizen of Iran who has spent my life living in America, and I want to take this moment to discuss why I believe Bitcoin is the solution to many of Iran’s problems. I understand there have been widespread power outages in Tehran and other […]

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Bullish on Ethereum’s London hard fork? Here’s an options strategy pro traders use

Ethereum’s upcoming London hard fork could provide a perfect entry point for bullish ETH options traders. The Ethereum network will undergo a major upgrade on Aug. 4, as the long-awaited London hard fork is expected to launch at block 12,965,000. The transition is part of a roadmap leading to the Ethereum 2.0 release, which aims to migrate the network to a proof-of-stake consensus mechanism. By no longer depending on the intense energy-consumption mining, the main goal is to drastically increase the network’s capacity by using parallel processing, […]

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