Monthly Archives: September 2021

This Tool Can Protect Your Privacy When Using Bitcoin

On-chain coinjoin is blended with off-chain coinswaps in this fascinating new hybrid approach. There is a new privacy tool coming to town: coinswaps on statechains. The original statechain design was proposed by Ruben Somsen at Scaling Bitcoin 2018 in Tokyo. I will summarize quickly, but Aaron van Wirdum has a very thorough explainer of the original concept here. The general idea is to have a facilitating entity (the statechain operator) create a 2-of-2 multisig address with a user to facilitate the off-chain transfer of a UTXO. The […]

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Crypto has recovered from China’s FUD over a dozen times in the last 12 years

Since 2009, China and Hong Kong have “banned” or otherwise caused FUD in the crypto space on 18 separate occasions. The price of Bitcoin fell 8% today following “breaking” (read: weeks old) news that the People’s Bank of China, or PBoC, had declared all cryptocurrency transactions illegal. With that in mind, let’s take a nostalgic look at the last 12 years of FUD out of China, and see if we can spot any patterns. China banned ‘virtual currencies’ for the first time in 2009 1: Chinese regulators […]

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Altcoin roundup: There’s more to DeFi than just providing liquidity

Bitcoin price is down but crypto investors still have a plethora of yield opportunities thanks to DeFi. The growth of the decentralized finance (DeFi) sector has been a recurrent headline throughout 2021 and to date, hundreds of billions of dollars in crypto assets are locked on protocols across numerous blockchain networks and earning a yield for their holders.  What started off as a simple Ethereum-based swap interface that allowed ERC-20 tokens to be exchanged in a decentralized manner, called Uniswap, has exploded into a vast ecosystem full […]

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Small Business Owners Study Says Los Angeles Ranks the Most Crypto-Friendly City in the US

A recent study conducted by the online invoicing company that works with small businesses Skynova explains that the city of Los Angeles (LA) is the “most crypto-friendly city in the United States.” Skynova surveyed close to 600 small business owners and top-level executives from the U.S. in order to get their perception of the cryptocurrency ecosystem. LA Ranks the Most-Friendly Crypto City in Recent Small Business Owners Study According to a research study which leveraged nearly 600 executives and small business owners, LA ranks #1 when it […]

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Join the Bitcoin TikTok Army And Save Gen Z

Bitcoin Magazine invites you to join the crusade for bitcoin education on TikTok. Sorry, Bitcoin Twitter — Gen Z is currently being onboarded to “crypto,” and no, they aren’t liking or sharing your hot-take tweets. You can run the numbers yourself. Over half of Gen Z investors are now on TikTok, and it’s estimated that the social media platform will have more than 37 million users by 2022. What does that mean? The “moonbois” are out in full force in ways that are more cringe than we […]

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Deutsche Bank analyst: Bitcoin will be ‘ultra-volatile,’ but it’s here to stay

An analyst from global banking giant Deutsche Bank expects Bitcoin will enjoy a “first-mover advantage” over other cryptocurrencies for the foreseeable future. Marion Laboure, an analyst at Deutsche Bank’s research division, said she can envision Bitcoin taking the role of digital gold in the future: lasting for centuries and largely not controlled by the government. In an update to Deutsche Bank’s website on “what’s next” for the largest banking institution in Germany, Laboure said she could “potentially see Bitcoin to become the 21st century digital gold,” but […]

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Protect Yourself With the Sim Encriptados, Travel to More Than 200 Countries, and Communicate With Security

PRESS RELEASE. When people talk about technology, the first thoughts are cell phones, applications, or equipment; but you rarely recall Sim Cards. Those small cards people often despise, thinking that they are only chips that you use to call or have data. Contrary to this, Sim Cards store much more information than you imagine, storing in addition to your number, contact information, chats, photos, and even financial data. Bet you didn’t know that. This is why Sim Cards have become one of the favorite targets of cybercriminals […]

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Price analysis 9/24: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, AVAX, LUNA

Bitcoin and altcoins made a sharp downside move to their recent lows after news that China banned crypto trading surfaced. The crypto market’s recovery was rocked on Sept. 24 after news that China’s government is adopting a new set of measures that includes stronger inter-departmental coordination to “cut off payment channels, dispose of relevant websites and mobile applications” to crack down on illegal cryptocurrency transactions efficiently. Although the news has caused a selloff, long-term investors are unlikely to be perturbed because, apart from announcing additional measures to […]

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Kentucky Sends Cease and Desist Order to Crypto Lending Platform Celsius Over Interest-Bearing Accounts

Six days ago, the securities regulators from New Jersey and Texas cracked down on the cryptocurrency lending platform Celsius. Additionally, the Alabama Securities Commission joined in and filed a cease and desist order against Celsius. Now the state of Kentucky is following suit and has filed a cease and desist order against the crypto lending platform. Kentucky Sends Cease and Desist Order to Celsius Four states in the U.S. have an issue with the cryptocurrency lending platform Celsius and the company’s interest-earning accounts. The same issues have […]

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Midwest Utility Mines Bitcoin To Balance Electricity Supply

Missouri’s largest utility, with 1.2 million customers, is mining bitcoin to better match demand and manage variability on the grid. Ameren Missouri, the largest utility in the state that serves 1.2 million customers, began experimenting with bitcoin mining in April to manage variability on the grid, reported E&E News. The company plugs the bitcoin mining rigs when electricity is cheap and demand is low as an alternative to ramping up its power plants up and down to match demand. “We have pretty dramatic changes in load minute […]

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