Monthly Archives: July 2021

Bitcoin: An Orange New Deal

What would it look like if governments were to embrace and support the Bitcoin network? Investing In Hope You know the New Deal — a massive and unprecedented effort the United States federal government undertook in the 1930s to invest in infrastructure, build hope, and turn the course of a nation towards prosperity and justice. You’ve likely heard of the Green New Deal too — all that infrastructure business, but with a sustainable twist. We propose an Orange New Deal. Bitcoin is hope. And it can be […]

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Bulls largely absent as Bitcoin price slips to the bottom of its range near $32K

Traders appear to be sitting on their hands even as Bitcoin price drops closer to a critical support level at $32,000. Within the past few hours, a fresh wave of selling pushed Bitcoin (BTC) price close to the $32,000 support level as the low trading volume and general disinterest from traders saw the price revisit the lower section of its current range. BTC/USDT 4-hour chart. Source: TradingView The price of Ether (ETH) also fell under pressure alongside Bitcoin as the building momentum ahead of the network’s upcoming […]

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21Shares partners with German brokerage to offer crypto ETPs for savings accounts

“We are very excited to offer German clients who wish to add Bitcoin and other crypto assets to their savings plan a compelling option to do so thanks to comdirect,” said Hany Rashwan, CEO of 21Shares. Investment product issuer 21Shares has joined forces with comdirect, a leading online brokerage in Germany, to bring its cryptocurrency exchange-traded products, or ETPs, to savings accounts.  The partnership means that comdirect’s nearly 3 million customers will be able to integrate physically-backed crypto ETPs into their Spar savings accounts. 21Shares claims this […]

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New York Fed Survey Shows Inflation Expectations Highest Ever Recorded

American inflation expectations have surged according to the results of the latest New York Federal Reserve Survey of Consumer Expectations. The presumed inflation rate tapped the highest point since 2013 and alongside the forecast of lower purchasing power, consumer debt and fears of a housing bubble in the U.S. are on the rise. New York Fed’s Consumer Expectations Report Expects Inflation to Be 4.8% Over the Next Year U.S. citizens are worried about inflation after the government locked down the nation for more than a year and […]

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El Salvador Needs To Understand The Bitcoin Network

It is important for the country to adopt bitcoin not only as a medium of exchange, but as a store of value on chain. Recent news from El Salvador has sparked well deserved interest among Bitcoiners and in the mainstream media. The most pressing question is how ordinary Salvadorans will actually use bitcoin in everyday life. For example, will it be possible to adequately secure bitcoin in poorer communities? The Lightning Onboarding It’s clear that ordinary, non-technical people don’t have much time to research the ins and […]

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Nonfungible tokens soar even as Bitcoin price drops close to $32,000

Data from Cointelegraph Markets Pro shows NFT-related platforms like AUDIO, AXS and SLP as the top 24-hour gainers of the day. Today the wider cryptocurrency market finds itself looking for something to spark some momentum as Bitcoin (BTC) price dropped to $32,300 and altcoins sustained 2% to 5% losses. Data from Cointelegraph Markets Pro and TradingView shows that the top three performers over the past 24 hours are Audius (AUDIO), Axie Infinity (AXS) and Small Love Potion (SLP). Top-performing assets over the last 24-hours. Source: Cointelegraph Markets […]

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Whale From 2012 Transfers 740 Bitcoin Worth $26M After BTC Sat Idle for 9 Years

On July 12, an old whale from 2012 spent 740 bitcoin worth roughly $26 million at the time of transfer after nine years of choosing not to move the coins. The whale acquired the bitcoin on May 31, 2012, when the stash of crypto was only worth $3,700. Old School Whale Moves 740 ‘Sleeping Bitcoins’ Bitcoiners noticed a whale move 740 bitcoin (BTC) on Monday after the coins sat idle for over nine years. The bitcoin sat for approximately 3,330 days as the BTC was acquired on […]

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Interview: Bringing The World To Bitcoin With Ivan Soto-Wright

Ivan Soto-Wright, CEO of Moonpay, joined the “Bitcoin Magazine Podcast” to discuss interoperability with the legacy system. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn Overcast On this episode of the “Bitcoin Magazine Podcast,” Christian Keroles sat down with Ivan Soto-Wright, the cofounder and CEO of Moonpay. Moonpay is a bitcoin infrastructure company building out the interoperability between bitcoin and the legacy finance system. Moonpay is focused on making it as easy and cost effective as possible to purchase and hold bitcoin […]

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Oldest US Bank BNY Mellon to Provide Grayscale Bitcoin Trust With Asset Servicing and ETF Services

Grayscale Investments has engaged the oldest bank in the U.S., BNY Mellon, to provide asset servicing for its bitcoin trust. The bank will also provide ETF services for the bitcoin trust upon its conversion to an exchange-traded fund (ETF). Grayscale Teams up With BNY Mellon Grayscale Investments announced Tuesday that it has selected the Bank of New York Mellon (BNY Mellon) as an asset servicing provider for Grayscale Bitcoin Trust (OTCQX: GBTC). The announcement explains: Through this agreement, BNY Mellon will provide Grayscale Bitcoin Trust with fund […]

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Ethereum price dragged down below $2K as US inflation hits highest level since 1991

The second-largest cryptocurrency sells off in line with Bitcoin as traders assess the latest U.S. inflation data. Ether (ETH) perhaps had the most bullish outlook entering the July session, with a key technical update dubbed EIP-1559, promising to make its native token ETH scarcer through the network’s first-ever burning mechanism. But so far into the month, the second-largest cryptocurrency by market cap has vastly tailed its top rival Bitcoin. The positive correlation was visible on July 13, following the New York opening bell, when Ether plunged below […]

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