Monthly Archives: July 2021

We Need To Talk About The NOT Science Behind Digiconomist

The lack of factual information utilized in reports by the publication is alarming and misleading. This is part two in an ongoing series taking a look at the electricity consumption and environmental impact of Bitcoin Mining — Part 1 is available here. The Digiconomist and their Bitcoin Electricity Consumption Index is one of the oldest and most cited sources in the Bitcoin environmental and energy debate. This single data point makes up the basis for a significant amount, if not the vast majority, of media reports on […]

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Majority of Salvadorans Skeptical of BTC as Currency, Poll Finds

President Nayib Bukele’s adoption of cryptocurrency as legal tender in his country is not being met with deep understanding by most of his fellow Salvadorans, a new survey suggests. Almost half of the respondents admitted they knew nothing about Bitcoin, while two-thirds aren’t ready to be paid in crypto. Bitcoin Adoption ‘Not at All Correct,’ Half of Salvadorans Say In a blow to President Bukele’s crypto-friendly policy, poll results released Thursday showed that around 54% of people in El Salvador viewed the adoption of bitcoin (BTC) as […]

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Why Do Media Companies Attack The Bitcoin Industry?

A recent article on the environmental impact of Greenidge’s Seneca Lake mining operation is one of many misleading publications on bitcoin. It is with no hyperbole that I say the media industry has it out for Bitcoin. Whether it be for the massive engagement to be extracted from the buzzing digital asset keyword or a legitimate opinion on bitcoin mining, it appears that media outlets cannot help but exaggerate and hyperbolize comments on bitcoin. One recent example of this was the piece put out in regards to Greenidge […]

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Interview: Bitcoin Exposure For The Masses With Greg King

The CEO and Founder of Osprey Funds, Greg King, is bullish on bitcoin ETFs. Watch This Episode On YouTube. Listen To This Episode: Apple Spotify Google Libsyn Overcast On this bonus episode of the “Bitcoin Magazine Podcast,” Christian Keroles sits down with Greg King, CEO and founder of Osprey Funds. Osprey is focused on bringing cutting edge technology exposure to everyday investors through their crypto trust products. Their first product OBTC is designed to compete with Greyscales GBTC as Osprey and many others race for SEC approval […]

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SEC charges individuals connected to former iced tea-turned-mining company

According to the regulatory body, an investor was tipped off that the company would be rebranded, a move that resulted in a huge surge in Long Blockchain’s stock price. The U.S. Securities and Exchange Commission has filed charges against three people accused of insider trading with the Long Blockchain Company related to changing its name from the Long Island Iced Tea Company. In a Friday announcement, the SEC said Eric Watson, Oliver Barret-Lindsay, and Gannon Giguiere were facing charges in the U.S. District Court for the Southern […]

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Crypto ads no longer allowed on TikTok

These new guidelines probably mean there won’t be any more Dogecoin hyping on the platform. TikTok announced on Friday that certain types of ads would no longer be allowed on their platform. Crypto-based promotional content was included among the now-verboten topics, according to an article from FT Adviser on July 8.  The new guidelines on the social video posting site will specifically inhibit users from posting promotional content about financial products, regardless of the poster’s geographic location. “According to TikTok’s branded content policy, the promotion of all financial […]

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AscendEX Launches Hummingbot Rebate Campaign

PRESS RELEASE. AscendEX, a global cryptocurrency financial platform with a comprehensive product suite, is excited to launch the Hummingbot Rebate Campaign to reward users for trading on AscendEX using the Hummingbot Liquidity Mining Portal. The campaign will begin July 9, 2021 and run for 60 days. During the campaign, new and existing Hummingbot users on AscendEX will be able to take advantage of a favorable VIP fee structure available to traders with any level of trade volume while using Hummingbot. The campaign is set up to offer […]

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The Tall Tale Of Boiling Seneca Lake

The overdramatization of environmental concerns related to bitcoin mining obfuscate any legitimate conversation on the topic. Recently, an overdramatized story by Gretchen Morgenson of NBC News, about the Greenidge power plant and cryptocurrency mining hybrid on Seneca Lake, New York, went viral. The story blames bitcoin mining for “ruining” the 12,000-year-old glacial Seneca Lake. The story focused on a quote by Abi Buddington of Dresden, whose house is near the plant and who was quoted as saying, “The lake is so warm you feel like you’re in […]

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123-Year-Old Hydroelectric Plant Sees New Life Mining Bitcoin — Revenue 3x Higher Than Selling to the Grid

On Thursday local reports from Mechanicville, the city located in Saratoga County, New York, say that an old hydroelectric plant constructed back in 1897 was almost dismantled, but today the plant is mining bitcoins. The Mechanicville facility is considered one of the oldest renewable energy plants in the world, and it’s now making “more money with bitcoin than selling the electricity” to the grid. Historical Hydroelectric Machinery From 1897 Mines Bitcoin In the historic district of Mechanicville, New York, there’s an 18.3-acre site that is considered one […]

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Capital International purchased $600M in MicroStrategy stock

MicroStrategy’s stock price rose by more than 1.5% to reach $628.44 at the time of publication, making Capital International’s shares worth roughly $600 million. Capital International, a $400 million financial services company, invested more than half a billion dollars into business intelligence firm MicroStrategy. In MicroStrategy’s filings to the U.S. Securities and Exchange Commission for the second quarter of 2021, the firm disclosed Capital International Investors has purchased 953,242 shares of its stock. Following the release of the SEC filing, MicroStrategy’s stock price rose by more than […]

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