Monthly Archives: July 2021

Bitcoin Transforms Evil Into A Greater Good

The duality of evil and good are reconciled in a technology designed to acknowledge inherent human characteristics. Bitcoin, Alchemy of Money: Transforming Evil Into Greater Good Bitcoin teaches us that evil can be overcome, not with resistance or punishment, but through our willingness to understand and integrate all sides of our nature.  From resource wars to human rights abuses and economic exploitation, greed and selfishness is now out of control. This has led to the breakdown of the current systems of accountability and a deepening crisis of […]

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Bitcoin price drop to $37K has analysts wary of calling a ‘trend change’

Bitcoin price sold off below $37,000 shortly after topping $40,500, leading analysts to caution that bears still have a few tricks up their sleeves. Bull market optimism returned to the cryptocurrency market on July 26 after Bitcoin (BTC) price rallied above the $40,000 level for the first time in over six weeks. Today’s rally to $40,581 was a continuation of the July 25 breakout which saw BTC price rocket to $48,110 at Binance af a short squeeze resulted in nearly $500 million in shorts being liquidated in […]

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Bitcoin IRAs Are Rising In Popularity In The U.S.

Bitcoin-funded IRAs are surging in popularity in the U.S. as Americans seek a wealthier retirement. Bitcoin-funded Individual Retirement Arrangements (IRAs) have surged in popularity in 2021, CNBC reported. Americans have flocked to retirement arrangements powered by Bitcoin as the Federal Reserve has steadily been increasing liquidity in the economy. BitcoinIRA, a company launched in May of 2016 offering investors a tax-advantageous IRA coupled with the massive returns of bitcoin, currently has more than 100,000 individual account holders, the report said. The thousands of workers who have chosen […]

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IMF issues veiled warning against El Salvador’s Bitcoin law

Making any cryptocurrency a national currency “is an inadvisable shortcut” to more inclusive financial services, according to two IMF officials. The International Monetary Fund is warning that some of the consequences of a country adopting Bitcoin as a national currency “could be dire.” According to IMF marketing department financial counsellor and director Tobias Adrian and legal department general counsel and director Rhoda Weeks-Brown, a cryptocurrency like Bitcoin (BTC) may catch on in countries without stable inflation and exchange rates, and provide unbanked people with the means to […]

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Bitcoin Brings A Foundation Of Truth To Money

Mitch Klee discussed what it means for Bitcoin to introduce trustworthy, foundational money to the world. 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 talked to the one and only Mitch Klee, a repeat contributor here at the magazine and common presence in our Twitter Spaces. Mitch and I discussed several topics, including his inspiration for both of his Bitcoin Magazine articles. These touch on the topics of inflation, misallocation […]

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Fed Faces Double Inflation as Supply Chain Falters, Economists Question Spending, Biden ‘Not Worried’

Reports show a vast majority of the American populace has been worried about rising inflation and as the weeks roll by, the financial situation continues to look grim. US Senator: ‘There’s No Justification for the Fed to Maintain Its Purchases’ A few analysts believe the upcoming two-day meeting held by the U.S. central bank’s Federal Open Market Committee (FOMC) will give markets clues on whether or not the Federal Reserve plans to taper quantitative easing and raise interest rates. Meanwhile, Joe Biden’s administration has dismissed inflation and […]

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Bank Of England ‘Britcoin’ Will Fuel Rising Bitcoin Prices, Says deVere CEO

Nigel Green has reportedly commented on the UK’s new CBDC initiative, remarking how it might backfire and help propel Bitcoin adoption. Nigel Green, CEO of independent financial advisor and asset manager deVere Group, reportedly said that the Bank of England’s rumored digital currency Britcoin, which aims to overtake Bitcoin, will backfire. Green’s comments come after it was reported in April that the UK was considering implementing a central bank digital currency (CBDC) “aimed at tackling some of the challenges posed by…bitcoin.” A month later, the Bank of […]

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Bitcoin hits $40K after a 6-week absence, but on-chain activity is ‘somewhat bearish’

BTC price is back above $40,000, but not every data point signals that a bullish impulse move is in the making. Bitcoin (BTC) touched $40,370 on July 26 as a solid day of gains saw the return of a major price milestone.  BTC/USD 1-minute candle chart (Bitstamp). Source: TradingView BTC price daily gains near 20% Data from Cointelegraph Markets Pro and TradingView showed BTC/USD touching $40,400 before consolidating nearby later on Monday. The pair had held on to previous gains from the night before throughout the day, circling […]

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Price analysis 7/26: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC

Traders are hopeful that Bitcoin’s bounce from $29,000 to $40,000 and the strong rally seen in altcoins is a signal that the bull market has resumed. Bitcoin (BTC) soared from $29,482.61 on July 21 to $40,000 today, its highest level since June 16. This sharp rebound shows a possible change in sentiment.  The bulls received a boost on Sunday, following the news from an anonymous source within Amazon proclaiming that the company is planning to accept Bitcoin payments by the end of 2021 and is exploring the […]

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Why Bitcoin Will Usurp Fiat As The World’s Medium Of Exchange

The competition will become clearly one-sided as the black hole of value that is bitcoin absorbs everything around it. Bitcoin was never going to be a store of value… until it was. It was never going to become a reserve currency, right up until the point when major businesses and investors started converting their fiat treasuries into bitcoin. And the next thing the “experts” have mistakenly assumed is that bitcoin will never be a fully-fledged currency, a medium of exchange — yet that too is changing. This […]

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