Monthly Archives: July 2021

MicroStrategy Pledges to Add More Bitcoin to Corporate Balance Sheet

CEO Michael Saylor struck a defiant tone during a Q2 investor call, pledging to add more Bitcoin to its balance sheet while continuing to advocate for the cryptocurrency. Publicly traded business intelligence firm MicroStrategy is pledging to add more Bitcoin to a corporate balance sheet that already includes 105,000 BTC worth roughly $4 billion. In a statement issued before the conference, MicroStrategy CEO Michael Saylor noted: “We continue to be pleased by the results of the implementation of our digital asset strategy. Our latest capital raise allowed […]

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Bitcoin traders express mixed emotions about what’s next for BTC price

Bitcoin traders are at odds about where BTC price may head after it failed to flip the $40,000 level to support. The rumor that Amazon would accept cryptocurrency payments sparked a wave of bullish enthusiasm across the crypto market earlier in the week but now this sentiment has begun to wane as Bitcoin (BTC) bulls face stiff resistance at the $40,000 level.  Data from Cointelegraph Markets Pro and TradingView shows that bears have managed to fend off multiple attempts to flip the $40,000 level to support and […]

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Why Bitcoin Will Take Over The World With Eric Yakes

In this episode of the “Bitcoin Magazine Podcast,” Eric Yakes describes how bitcoin is taking over the financial world. Watch this episode on YouTube.  Listen To This Episode: BitcoinTV Apple Spotify Google Libsyn Overcast It is often difficult for people new to Bitcoin to grasp the enormous innovation that it represents. A lot of background education that most people do not have is needed for someone to begin to grok what reinventing money really means. Eric Yakes, Author of the 7th Property: Bitcoin and The Monetary Revolution, […]

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The Infrastructure Bill Shows Why Bitcoiners Need To Be Politically Active

This is simply the latest development that shows the lack of understanding amongst policy makers. The Senate procedural vote held late Wednesday night was a big step forward in the difficult process of brokering such a large infrastructure package in Congress. This is, however, the very first step for the package, and requires a few more hurdles before it reaches President Biden’s desk for an official signing to become law. Naturally, the actual text of the bill was not released prior to this procedural vote, which means […]

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Okcoin secures regulatory approval in Malta and the Netherlands

CEO Hong Fang said Okcoin was focused on Europe as part of the firm’s global growth plans. Cryptocurrency exchange Okcoin may soon be opening its doors wider to crypto traders in Malta and the Netherlands following approval from key regulators. In a Thursday announcement, Okcoin said it had secured formal registration from the central bank in the Netherlands and secured “in principle” approval for a virtual financial assets license from the Malta Financial Services Authority. In addition, the exchange has obtained a money transmitter license for the […]

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Bitcoin Mining Operation Reveals Plans to Convert Coal Ash Landfill Into Solar Farm

Following the announcement from Greenidge Generation Holdings that detailed the company would be promoting a carbon-neutral stance, and the firm’s recent partnership with Foundry, Greenidge revealed on Thursday it is investing profits into a renewable energy investment program. The company is in the midst of expediting the closure of a coal ash landfill in order to construct a new solar farm. Greenidge Invests in Renewable Energy Investment Program In 2014, the Lockwood Hills landfill in Dresden, New York was purchased by Lockwood Hills LLC, which is a […]

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Six Reasons To Withdraw Your Bitcoin From Exchanges

Here’s why you need to hold the keys to your own bitcoin and never store large amounts on exchanges. #1 – If your coins are on an exchange, you need permission from the exchange to spend them. In your own custody, you can do whatever you want and pay whomever you want, whenever you want, at the fee you want. You will understand this if you’ve ever wanted to move your bitcoin from an exchange and you were blocked because you needed to provide more identification documents […]

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Taxpayers to avoid obligations by sending mining proceeds to IRAs

The IRS has considered crypto mining revenue as part of taxable income since 2014. North American mining and hosting firm Compass Mining is offering a new tax avoidance method for savvy crypto miners that file in the United States.  In a Thursday announcement, Compass Mining said it had partnered with IRA provider Choice by Kingdom Trust to help Bitcoin users mine directly to their IRAs “without ever triggering a taxable event.” Under current U.S. law, income is often the only taxable source of funds for many who file […]

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Robinhood Raises Almost $2 Billion in IPO, Falls Short of Expected $35 Billion Valuation

Robinhood, the fee-free cryptocurrency, stock, and options exchange, raised almost $2 billion in its initial public offering, reaching a valuation of $32 billion. While the company is more valuable than Nasdaq itself, the IPO failed to give the company an expected valuation of $35 billion. Robinhood trading will open today, with its shares trading under the HOOD ticker. Robinhood Misses $35 Billion Valuation Goal Robinhood, the fee-free investing app, has successfully completed its IPO, raising almost $2 billion. However, the company failed to meet the goal of […]

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Bitcoin bulls control Friday’s $1.7B monthly options expiry

Bitcoin’s surge above $40,000 boosted the bulls’ advantage in this month’s $1.7 billion options expiry. On Friday, July 30, a total of 42,850 Bitcoin (BTC) option contracts ($1.7 billion) are set to expire. This might be the first time since the May 21 weekly expiry that bulls will be able to profit from the $40,000 call (buy) options.  The most recent surge in price may have been prompted by the rumor that Amazon would accept crypto payments, but after the e-commerce giant denied these rumors, BTC has […]

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