Monthly Archives: July 2021

Interview: Stories And Bitcoin With Nelson Chen

Casey Carrillo sat down with Nelson Chen to discuss how stories convey important ideas and thoughts, and how this relates to Bitcoin. 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 was lucky enough to sit down with one of my favorite contributors here at the magazine, Nelson Chen. I have worked with Chen to publish six parts of his twelve-part series about Jordan Peterson’s book, “Beyond Order.” In his series, […]

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Bitcoin price falls under $33K, but on-chain data hints at BTC accumulation

Signs of BTC accumulation begin to emerge as the network’s hashrate rises and exchange outflows increase in July. As the pressures placed on the market by China’s cryptocurrency crackdown begin to subside and the Bitcoin (BTC) hashrate starts to show signs of recovery, traders are now focused on how the price will be affected by this week’s unlocking of more than $550 million worth of Grayscale’s GBTC shares. Data from Cointelegraph Markets Pro and TradingView shows that the early morning downtrend in BTC on July 12 continued into […]

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Winner spends fortune in crypto on Sotheby’s diamond auction

A massive diamond just sold on Sotheby’s for a whole lot of crypto. Art and jewelry brokerage Sotheby’s put a 101.38 carat diamond up for auction, fetching over $10 million in crypto for the rock on July 9.  The diamond “sold for $12.3 million to an anonymous buyer last Friday at Sotheby’s Hong Kong,” MarketWatch reported on Monday. “It’s the most expensive gem ever purchased with cryptocurrency, according to Sotheby’s,” MarketWatch added. News of the crypto-friendly diamond auction surfaced in the latter half of June, with estimates […]

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Payments Provider Clear Junction Stops Processing Payments for Binance

On Monday, the global payments solutions provider Clear Junction announced it ceased processing transactions for Binance. The move by Clear Junction was brought on by the Financial Conduct Authority’s (FCA) recent warning, according to a blog post written about the decision. Clear Junction Ceases Processing Payments for Binance Citing the Recent FCA Warning The Financial Conduct Authority’s (FCA) warning against Binance operating in the UK has caused a lot of issues for the company. On Monday, the global payments solutions provider Clear Junction revealed it was no […]

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Panther Protocol and StackOS Partner to Bring Privacy to DeFi and NFTs

PRESS RELEASE. Panther Protocol has joined forces with StackOS, a decentralized cloud protocol, to deliver privacy and data protection tools. As a meta-protocol focused on end-to-end privacy for any digital asset, Panther is of great interest to virtually all DeFi users looking to benefit from personal financial data protection and confidential cryptocurrency transactions. Panther zAssets are 1:1 backed representations of the underlying assets they represent, offering users all of the benefits of private transactions in this emerging asset type. Under the Partnership agreement, Panther Protocol’s DeFi privacy […]

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Bitcoin Has Been Profitable For 96% Of Its Life

Bitcoin has been lower than the approximate current price of $34,000 for a whopping 96% of its life. 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 As more and more institutional investors jump aboard and more countries signal their intent to pursue bitcoin as an alternate investment to the US dollar or even their own currencies, bitcoin should be over the moon. Instead “jelly hands” continue to […]

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Binance woes continue as Clear Junction pulls out

Another player has decided to distance itself from Binance after a slew of negative headlines around the exchange in recent weeks. Binance has faced a number of regulatory issues in recent weeks. Payments player Clear Junction has suspended activity with Binance after similar moves from Barclays and Santander.  “Clear Junction can confirm that it will no longer be facilitating payments related to Binance,” Clear Junction said in a statement that was tweeted out by Adam Samson of the Financial Times on Monday. “The decision has been made following the […]

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Price analysis 7/12: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, BCH, LTC

Bitcoin price is drifting lower, pulling altcoins to critical support levels and testing the resolve of traders who were looking for a bullish reversal. Bitcoin’s (BTC) roof has been shifting lower in the past few days, which is a negative sign because it shows that bears are selling on every minor rally. Bitcoin’s weakness is affecting the major altcoins as most are gradually drifting lower. Joel Kruger, a Forex strategist at LMAX, recently said: “It would be foolish to rule out the possibility for a drop back […]

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Incoming Squeeze? Bitcoin Shorts on Bitfinex Spike, BTC Long Positions Tap Fresh New Highs

The entire market capitalization of all 10,800 cryptocurrencies in existence is down 2.8% on Monday as bitcoin has lost over 2.4% during the last 24 hours. Meanwhile, bitcoin shorts are rising again after bitcoin shorts tapped a two-year high on the derivatives exchange Bitfinex on June 25. Bitcoin Shorts Climb Higher Bitcoin (BTC) and digital markets, in general, have seen better days as BTC tapped an all-time high above the $64K handle three months ago but is still down 48.66% since then. Roughly 17 days ago, on […]

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Capital International Group purchases 12.2% stake in MicroStrategy

MicroStrategy is by far the largest corporate Bitcoin holder on the planet with 105,084 BTC on its books. Entities under Michael Saylor’s control hold more than 111,000 BTC. Capital International Group, a $2.3 trillion asset manager headquartered in Los Angeles, has acquired a 12.2% stake in MicroStrategy — making it one of the largest indirect investors in Bitcoin (BTC) on the planet.  According to a disclosure with the United States Securities and Exchange Commission, or SEC, Capital International Group now holds roughly $560 million worth of MSTR […]

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