Monthly Archives: October 2021

Public Bitcoin Miners Are Ramping Up

Public bitcoin mining firms based in North America are holding more than 20,000 bitcoin, wroth more than $1.1 billion. The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. China’s mining exodus this year has become the biggest opportunity for bitcoin miners to capitalize around the world. Not only have we seen the network hash rate continue its aggressive recovery […]

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TAB Conference: Supporting Bitcoin Development In Person

Discussing the Atlanta Bitcoin Conference, TabConf 2021, and in-person Bitcoin development events with its organizers. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn Overcast The 2021 TabConf, aka the Atlanta Bitcoin Conference, is fast approaching and the entire team at Bitcoin Magazine is rife with anticipation for this exciting annual event. Running from November 4 to 6, 2021, we’re feeling the hype and feeding the excitement by having a conversation with Michael Tidwell and Stephen DeLorme, two of the brains behind this […]

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US Inflation Expectations Highest Since 2013, Gas Prices Skyrocket, Supply Chains Buckle

Americans are still concerned about dealing with inflation, as the cost of goods and services has continued to rise significantly in a short period of time. The Federal Reserve has published the latest Survey of Consumer Expectations report and U.S. households believe inflation will be up 5.3% one year from now. In addition to the dreary economic outlook, gas prices across the U.S. have skyrocketed up more than $1 from a year ago. New York Fed’s Survey of Consumer Expectations Continues to Look Gloomy After 2020’s massive […]

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Russia doesn’t plan to follow in China’s footsteps by banning crypto outright, says deputy finance minister

Crypto payments in the country are currently banned, but Russians have been allowed to purchase and trade digital assets like Bitcoin. While Russia continues to enforce a ban on cryptocurrency payments as part of a law which took effect in January, the country has no plans at this time to completely prohibit trading by its citizens. According to an Oct. 12 report from local news agency Interfax, Alexey Moiseev, the deputy finance minister of the Russian Federation, said he believes Russian citizens will continue to be allowed […]

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NASDAQ-Listed HIVE Blockchain to Expand Data Center in New Brunswick, Canada With 40 Megawatts Capacity

HIVE Blockchain is set to expand its data center campus in New Brunswick, Canada with 40 megawatts capacity. It is the first publicly-traded cryptocurrency miner, listing in Toronto on the Venture Exchange back in 2017 and added to NASDAQ in 2021. It mines both Bitcoin and Ethereum using 100% green energy in facilities across Canada, Sweden, and Iceland. HIVE Blockchain to Expand Data Center in New Brunswick, Canada HIVE Blockchain Technologies (NASDAQ: HIVE, TSX.V: HIVE) will soon begin testing a new high-performance computing cloud hosting operation. At […]

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Taking The Orange Pill: A Theory Or Reality?

Bitcoin is the opportunity to free yourself from monetary bondage through knowledge. The goal of orange pilling someone has nothing to do with drugs. It is the notion that bitcoin will inevitably become the global reserve asset, while converting people to believe in the bitcoin standard. But, how do Bitcoiners expect this to occur if the vast majority of people still fail to understand what Bitcoin is and truly stands for. Thus, the Bitcoin orange pill theory was formed. Escaping the monetary Matrix requires choice. Luckily, game […]

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Millions of Wix Merchants Can Now Accept 12 Different Cryptocurrencies

On Tuesday, the Atlanta-based cryptocurrency payments company Bitpay announced the Israeli software company Wix has enabled its Software as a service (SaaS) e-commerce product to accept crypto-asset payments. The integration will allow Wix merchants to accept 12 different cryptocurrencies such as bitcoin, dogecoin, bitcoin cash, ethereum, litecoin, and stablecoins as well. SaaS Platform Wix Implements Bitpay Infrastructure So Merchants Can Accept Crypto Founded in 2006, by the Israeli software engineers Nadav Abrahami, Avishai Abrahami, and Giora Kaplan, the global SaaS platform Wix provides users with the ability […]

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Traders pin Ethereum’s route to new ATH to eventual Bitcoin ETF approval

ETH price is lagging behind BTC’s recent gains, but data signals that traders are confident in the altcoin breaking through $4,000 in the short-term. Ether (ETH) price is lagging Bitcoin’s (BTC) price action by 13% in October, but is this relevant? To date, the altcoin has still outperformed BTC by 274% in 2021. However, traders tend to be short-sighted and some will question whether the Ethereum network can successfully migrate to proof of stake (PoS) validation and finally solve the high gas fees issue. Bitcoin and Ether […]

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Coinbase follows FTX and Binance in launching NFT marketplace

With 68 million verified users and 8.8 million monthly active users as of Q2 2021, Coinbase’s entry to the NFT industry could provide competition for established marketplaces like OpenSea. Major crypto exchange Coinbase has announced it will be opening a waitlist for a nonfungible marketplace it plans to launch later this year. In an Oct. 12 blog post, Coinbase vice president of product and ecosystem Sanchan Saxena said the nonfungible token, or NFT, marketplace would allow its users to mint, purchase, discover, and showcase Ethereum-based tokens. According […]

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Bitcoin price is correcting, but what does futures data show?

BTC price rejected near $58,000 but derivatives data shows traders positioned in a neutral-to-bullish, leaving sufficient “room” for a new all-time high in 2021. Bitcoin had been underperforming most altcoins for the past two months, but that trend reversed this week when (BTC’s) 20% rally pushed its market capitalization to break the $1 trillion mark on Oct. 6. That shifted investors’ attention back to the leading cryptocurrency, and altcoins are currently in the red for the day.  The current positive momentum could be dangerous if Bitcoin traders […]

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