Monthly Archives: July 2021

Protecting Your HODL Legacy: Shamir Backups And Inheritance Planning

Awareness of one’s own mortality is a sign of maturity, as is the recognition of the critical importance of securing one’s bitcoin. At the height of the 2017 bull run, I came across a sobering post. It went something like this: there was a young man who acquired about 20 bitcoin early on. As the price went from $1,000 to almost $20,000 over the course of 2017, he felt rich beyond his wildest dreams and decided to travel a bit. At one point he was in Mexico […]

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Record network activity and a second NFT boom send WAX price higher

WAXP price appears to be gaining strength after the NFT-focused project introduced staking, yield farming and partnerships with companies that offer pop culture collectibles. Just a few days before Bitcoin (BTC) price plunged below $30,000, the NFT sector was dominating headlines for the second time in 2021, led by a month-long 972% surge in the price of Axie Infinity.  Another NFT-focused protocol that has been gaining fundamental strength in recent months is Worldwide Asset eXchange, also known as WAX — a protocol that claims to “deliver the safest […]

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NFT Marketplace Opensea Raises $100 Million — Firm Becomes a Blockchain Unicorn

Opensea has become the latest non-fungible token (NFT)-focused firm to raise funds this year as the company announced raising $100 million in a Series B this week. The venture capital firm Andreessen Horowitz led the Opensea financing round alongside investors like Kevin Durant, Ashton Kutcher, and Tobi Lutke. NFT Marketplace Opensea Joins the Blockchain Unicorns, Project Now Supports Polygon One of the largest non-fungible token (NFT) marketplaces today, Opensea, has announced the company has raised $100 million in a Series B funding round. Additionally, the project also […]

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Bitcoin Optech #158: Why Wallets Should Wait Before Generating Taproot Addresses

This week’s newsletter discusses changes to services and client software and why wallets should wait before generating Taproot addresses. The Bitcoin Optech newsletter provides readers with a top-level summary of the most important technical news happening in Bitcoin, along with resources that help them learn more. To help our readers stay up-to-date with Bitcoin, we’re republishing the latest issue of this newsletter below. Remember to subscribe to receive this content straight to your inbox. This week’s newsletter describes recent changes to services and client software, discusses why […]

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Carbon Neutral Hosting Provider To List On Nasdaq Through Merger

Carbon neutral hosting provider Core Scientific announced it will be listing on the Nasdaq soon through a merger agreement with XPDI. Core Scientific, a carbon-neutral provider of bitcoin mining hosting and infrastructure, announced it has entered a merger agreement with publicly traded acquisition company Power & Digital Infrastructure Acquisition Corp (XPDI). “We are very pleased to support Core Scientific’s transition to the public markets and believe that [Core Scientific’s] vertical integration will provide a competitive advantage in the industry,” said Ted Brombach, chairman of XPDI, in the […]

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Crypto Fear and Greed Index Taps Low at ‘Extreme Fear,’ BTC Technicals Point to Uncertainty

On Wednesday, following the drop below the $30,000 region, bitcoin’s price has rebounded more than 8% since Tuesday’s low. Meanwhile, the sentiment metric recorded by the Crypto Fear and Greed Index (CFGI) is extremely low, pointing to “extreme fear” in the market. Despite being a scary term, the time is usually the best time to obtain assets for a lower price. However, data from Tradingview’s technicals show bitcoin is still in the “sell” range, while bitcoin market oscillators are more “neutral.” CFGI Sentiment Metric Reaches ‘Extreme Fear’ […]

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An In-Depth Review Of El Salvador

In this episode of “Fed Watch,” the hosts went in depth on El Salvador and the potential benefits of its bitcoin adoption. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn Overcast BitcoinTV In this episode of Bitcoin Magazine’s “Fed Watch” podcast, we, your hosts Christian Keroles and Ansel Lindner, discussed my recent article “How Bitcoin Will Impact El Salvador’s Geopolitics.” You will hear a bullish, yet realistic, perspective on El Salvador and learn how bitcoin can affect countries as they adopt it […]

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Elon Musk says Bitcoin may have already hit his benchmark on renewable energy

“I want to do a little more diligence to confirm that the percentage of renewable energy usage is most likely at or above 50% and that there is a trend towards increasing that number,” said the Tesla CEO. Tesla CEO Elon Musk has hinted that the crypto industry is on its way toward greener future, but Tesla won’t be accepting Bitcoin payments just yet. Speaking at “The ₿ Word” — a virtual Bitcoin (BTC) event with Twitter CEO Jack Dorsey, Ark Invest’s Cathie Wood and moderator Steve […]

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Altcoins secure double-digit gains after Bitcoin surges toward $33K

TEL, MATIC and AXS soared higher as Bitcoin’s relief rally to $32,800 lifted the entire market. Charts turned green as Bitcoin (BTC) price rallied to $32,858, but a number of analysts also cautioned that the market may not be out of the woods yet.  Data from Cointelegraph Markets Pro and TradingView shows that the top movers over the past 24-hours were Telcoin (TEL), Polygon (MATIC) and Axie Infinity (AXS), indicating that the recovery is widespread and not just confined to large-cap cryptocurrencies. Top 7 coins with the […]

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Elon Musk Discusses Merits Of Bitcoin, Reveals SpaceX Holds BTC

Tesla CEO Elon Musk discussed his bitcoin investments and outlook in a live stream with Twitter CEO Jack Dorsey, ARK Invest’s Cathie Wood. Billionaire Tesla CEO Elon Musk discussed Bitcoin during a live-streamed session of The ₿ Word event, saying that he supports and holds the original cryptocurrency, as does his aerospace company SpaceX. “[Bitcoin] has an open ledger, which is quite good. But transaction volume is low, transaction cost is high and usability for the average person is not yet very good but has a lot […]

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