Monthly Archives: September 2021

Yet Another Reminder That Many Bitcoin Critics Are Subpar

The funny thing is that Bitcoin is going to win in such a fantastic way because it is rooted in proof of work. The below is a direct excerpt of Marty’s Bent Issue #1076: “Yet Another Reminder That Many Bitcoin Critics Are Subpar.” Sign up for the newsletter here. via NYT The above snippet comes from the Opinions section of the New York Times, and it is a stark reminder of just how bad many Bitcoin “critics” turn out to be. In his piece that dropped today, Binyamin […]

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The Proposal To Regulate Digital Asset Transactions Should Be Struck

The recent addition to the infrastructure bill is an affront to the progression of the Bitcoin industry in the United States. The following article was previously published by Tax Notes, and has been republished here with permission. An overlooked provision in the Senate-approved infrastructure bill1 would dramatically expand the government’s surveillance of Americans’ economic activity and diminish America’s role in developing an important new technology. The amendment to section 6050I of the tax code should be struck when the bill is taken up in the House. If […]

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Solana Restarts Mainnet, SOL Users Complain, Dev Says Network Stall Not Similar to ETH in 2016

The blockchain network Solana had issues processing blocks on September 14 and according to a status report on September 15 at 2:01 a.m. (EST), the Solana validator community “successfully completed a restart of Mainnet Beta.” Solana Validators Restart Mainnet Beta Solana is now a member of the club of blockchains that have stalled for several hours stopping people from sending SOL transactions, using decentralized apps (dapps), and troubling block explorers and wallets with significant issues. During the early morning hours on Wednesday, following Solana’s block production stall […]

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Sovryn Lists on AscendEX

PRESS RELEASE. AscendEX is thrilled to announce the listing of the Sovryn token (SOV) under the trading pair USDT/SOV on Sept. 15 at 1 p.m. UTC. Sovryn is a Bitcoin-based decentralized finance (DeFi) protocol launched in early 2020. The Sovryn platform provides the tools to trade, lend, and leverage Bitcoin and other assets permissionlessly, secured by the Bitcoin Blockchain with minimal gas fees. Their platform features a trading interface uniquely designed for Bitcoin-native DeFi users with no transaction limits and support for multiple assets to trade. Sovryn […]

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Bitcoin bulls look to profit from Friday’s $195M BTC options expiry

$810 million in BTC options expire this Friday, and derivatives data suggests bulls are keen to push the price through the $50,000 level. Over the past ten days, Bitcoin (BTC) price tested the $44,500 resistance on multiple occasions, and this marked a 16% drawdown from the previous week’s $53,000 local top. Not even the $3.4 billion long futures contracts liquidations that occurred on Sept. 7 while BTC dropped by 18.7% was enough to eliminate bulls’ optimism, according to options markets data.  Bitcoin price at Coinbase in USD. […]

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Protesters burn Bitcoin ATM as part of demonstration against El Salvador president

The Chivo machine could be seen defaced with anti-BTC logos and a sign saying “democracy is not for sale.” Bitcoin detractors and those protesting the policies of El Savador President Nayib Bukele have destroyed a crypto kiosk in the nation’s capital city. News outlet Teleprensa and others posted videos on social media showing a Chivo-supported kiosk in San Salvador burning amid a crowd of journalists and protesters on Wednesday. The Bitcoin (BTC) machine, one of many arranged by the El Salvador government since its acceptance of the […]

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Price analysis 9/15: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, UNI, LUNA

Buyers continue to scoop up Bitcoin and altcoins on dips, a signal that there is strong demand at lower levels and that bullish momentum is building. Bitcoin (BTC) is leading the recovery in the crypto sector and the cryptocurrency briefly rallied to $48,429 on Sept. 15, before pulling back to test the underlying support levels. While speaking during a live stream at the SALT conference, Ark Invest CEO Cathie Wood said that Bitcoin is the default currency of the crypto space and could rise tenfold in the […]

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Ground Reports Concerning Salvadoran Bitcoin Law Highlight False Narrative Painted by Influencers

On Tuesday, Bitcoin.com News spoke with Marc Falzon, an individual who has been documenting the bitcoin rollout in El Salvador since the law was implemented on September 7. Falzon says that there are a number of issues that no one is talking about in regard to the bitcoin law and the Chivo wallet, a government-crafted bitcoin wallet. One specific issue is the fact that Chivo wallet users cannot spend less than $5 when using the app. Marc Falzon: Reporting on the Bitcoin Situation in El Salvador from […]

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Senegalese Bitcoin Developer: Bitcoin Is A Weapon To Fight Oppression

Fodé Diop explains why Bitcoin and Lightning have the power to end monetary colonialism in the developing world. Fodé Diop, a Bitcoin and Lightning developer from Senegal, has recently shared his thoughts on why Bitcoin is so important to billions of people worldwide that are still victims of monetary colonialism. The developer highlighted the central role that Bitcoin’s open-source technology could play in providing financial sovereignty to those in the developing world. “Today, people like myself have the means and the power to fight, and there has […]

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Bitrefill Partners With El Salvador’s Super App Hugo

The platform will launch Hugo gift cards for Salvadorans to access dozens of products and services with Bitcoin. Bitrefill, a popular platform that sells gift cards for bitcoin, announced a partnership with Hugo App, a startup that provides various services in El Salvador, including food delivery, transportation, and ecommerce and payment solutions. The collaboration will enable bitcoin, the newest legal tender in the Central American country, to be exchanged for the broad range of products and services offered by Hugo. “Bitrefill is incredibly excited to be partnering […]

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