Monthly Archives: August 2021

This bullish Bitcoin options strategy targets $50K without risk of liquidation

The Long Condor options strategy allows traders to place bullish bets without taking on liquidation risks. Long-dated Bitcoin options and bulls still make waves with their ultra bullish bets, but even they must admit that the possibility of (BTC) trading above $60,000 in the next couple of months is dim.  Many traders have added leveraged-long positions via futures contracts to chase after the elusive all-time high, but this seems like an unrealistic outcome. According to Willy Woo, a popular on-chain analyst, exchange outflows and accumulation from BTC […]

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Crypto Crime Falls in China, Surges in Hong Kong, Reports Reveal

China’s cryptocurrency transactions related to criminal activities have decreased significantly over the past couple of years, a new report suggests. At the same time, its special administrative region of Hong Kong is seeing a spike in crypto-related crime this year, with authorities attributing the rise to the popularity of crypto investments. Chinese Crime-Related Crypto Transactions Drop, According to Chainalysis China has been a leader in the global crypto space, not only because of its control over a large portion of bitcoin’s hashrate but also in terms of […]

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Nick Sears Said No To College, Yes To Bitcoin, Is Making $54,000 A Year

Sears was 17 years old when he got into BTC mining, now he is 19, oversees a farm with 4,500 ASICs, and makes $54,000 a year. Nick Sears, a 19-year-old entrepreneur from Dallesport, Washington, has said no to college and yes to bitcoin when he was 17 years old and helped build a bitcoin mining farm in that town. Now, he earns $54,000 per year. “I don’t think about going to college at all, just pursuing further knowledge in the repairs of the miners,” Sears told CNBC. […]

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Three US Senators propose narrowing crypto tax language in infrastructure bill

“While Congress works to better understand and legislate on issues surrounding the development and transaction of cryptocurrencies, it should be wary of imposing burdensome regulations that may stifle innovation,” said Senator Pat Toomey. Lawmakers have written an amendment to an infrastructure bill in the U.S. Senate which proposes excluding certain crypto companies from the reporting requirements for brokers. In an amendment from Oregon Senator Ron Wyden on behalf of himself and Wyoming Senator Cynthia Lummis and with the support of Pennsylvania Senator Pat Toomey, the U.S. lawmakers […]

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Millions of Latest Antminers S19i Are Ready – BitFuFu Cloud Hashrate Platform Restarts Running Plan

PRESS RELEASE. Since May 30, the BTC mining difficulty has lowered for 4 times in a row. The mining rig migration is continuing, leading to a surge of incomes in mining farms outside China. With early layout of mining farms outside China, BitFuFu takes the lead to restart running plan and restock new mining plans. As the first cloud mining platform that restarts running plan in the industry, BitFuFu provides users with a mining feast from a drop of difficulty. Early move makes BitFuFu the industry-first platform […]

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IMF Issues New Warning Against Using Crypto Assets As National Currency

As Bitcoin gains momentum around the world, financial regulators step up their game to try and save the crumbling financial system. The International Monetary Fund (IMF) sent out a warning, telling us that using crypto assets as national currency would be “a step too far.” Personally, I think a step too far is the existence of an unaccountable, global body that imposes an unsustainable monetary system on the entire word, but that’s just me. Leaving that aside, let’s look at the IMF’s arguments and see if they […]

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Analysts identify $40K as the make or break it level for Bitcoin price

Traders identify $40,000 as the pivotal level Bitcoin price needs to trade above in order to avoid a revisit of July’s swing low. Optimism from bulls is the leading sentiment of the day after Bitcoin (BTC) price made its way back toward the psychologically important $40,000 level. In addition to the reversal from this week’s local low at $37,500,  Gary Gensler, the chair of the United States Securities and Exchange Commission issued positive comments about the crypto industry and reaffirmed the goal of ironing out fraud in the ecosystem.  […]

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Akon’s Akoin pilot heralded success, eyes countrywide rollout in Kenya

MMTC founder Julius Mwale and Akon are expected to be in attendance at next month’s major launch event that will unveil Akoin’s national rollout across Kenya. Akoin, the cryptocurrency project developed by Senegalese-American singer Akon, has achieved success in its initial pilot testing at western Kenya’s Mwale Medical Technology City, or MMTC, preparing for a national rollout in the near future.  The pilot, which began in November 2020, is expected to pave the way for $5 million worth of transactions per month at MMTC, according to a […]

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Ethereum Community Gears up for the Long-Awaited London Fork Set to Go Live on August 5

The Ethereum community has been gearing up for the highly anticipated London Network Upgrade which should take place on August 5 around 2:00 p.m. (EDT). Node operators have been asked to upgrade their nodes as soon as possible, as the upgrade is scheduled to take place at block height 12,965,000. Ethereum Set to Fork on Thursday, Blockchain Will See 5 Improvements According to the countdown clock hosted on etherscan.io, the Ethereum (ETH) blockchain will be upgraded in the near future, on or around Thursday afternoon. Previously, Bitcoin.com […]

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Why The Bitcoin Price Is Down Since April

Explaining the factors behind bitcoin’s price drop this year and exploring the latest in central bank news. Watch This Episode On YouTube Listen To This Episode: BitcoinTV Apple Spotify Google Libsyn Overcast In this episode of Bitcoin Magazine’s “Fed Watch” podcast, hosts Christian Keroles and I, Ansel Lindner, reviewed my latest article “What Caused the Mid-Cycle Bitcoin Price Correction” and then did a tour of recent central bank news from around the world. We also hit on the future of China, North America and the Fourth Turning. […]

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