Monthly Archives: November 2021

Discussing The Birth Of The Bitcoin Dollar

A group of Bitcoiners compare the current petrodollar system with the hopeful alternative Bitcoin offers us. Watch This Episode on Youtube Watch/Listen To This Episode: Rumble BitcoinTV Spotify Apple Google  Libsyn Overcast [00:00:06] MG: What’s going on Alex? Sorry, I started to write a tweet and unmuted myself. Oh, super good, man. Great week so far. How about yourself? [00:00:15] AM: Pretty good man. Just waiting on this next bullish news. I don’t know if the third ETF is going to get passed or we’re going to […]

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Crypto at the polls: Eric Adams wins NYC mayoral race

Adams beat out Republican Curtis Sliwa — also a pro-crypto candidate — to become the next mayor of New York City with 72.8% of the vote. Democrat Eric Adams, who said he planned to make New York City “the center of Bitcoins” if elected mayor, has won his race against Republican Curtis Sliwa. Following the Nov. 2 Election Day results, Adams will be replacing Bill de Blasio as the mayor of New York City, defeating Sliwa and other candidates with 72.8% of the vote. He is expected […]

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Discussing Bitcoin And The Interest Rate Fallacy

Discussing the Federal Reserve’s likely tapering into a down market, Bitcoin’s perpetual futures funding rate and more. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn Overcast Audible In this episode of Bitcoin Magazine’s “Fed Watch” podcast, Christian Keroles and I sat down with Dylan LeClair of Bitcoin Magazine’s Deep Dive once again. LeClair is one of the most familiar people with the niche between market technicals and bitcoin fundamentals. It was great to pick his brain over the current Federal Reserve taper […]

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Data shows Polkadot crashes after reaching $1B open interest — Will it happen again?

DOT price crashed both times after its futures open interest clipped $1 billion. Should traders expect a correction now that OI is over this figure? Whenever there is relevant growth in the number of derivatives contracts currently in play (open interest), it usually means that more traders are involved. In futures markets, longs and shorts are balanced at all times, but having a larger number of active contracts allows the participation of institutional investors that require a minimum market size. However, in Polkadot’s (DOT) case, price crashes […]

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EOS community ramps up battle for organization control against former developer Block.one

It appears EOS holders are extremely dissatisfied with the direction the network has headed. Members of the EOS ecosystem, a blockchain designed to power decentralized applications, or DApps, are voicing their dissatisfaction with former developer Block.one. As a result, they have formed their own organization and elected new leadership in an effort to revamp the network. As accessed by Cointelegraph, Yves La Rose, the “community-elected CEO” of the novel EOS Foundation, gave the following prepared statement during a virtual conference: “There’s no sugar-coating it, EOS, as it […]

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$1.75 Trillion for Climate Change, Social Services — Biden’s ‘Build Back Better’ Plan Advances While Inflation Grips US

This week, U.S. lawmakers are preparing to debate the advance of Joe Biden’s Build Back Better proposal, which is now estimated at $1.75 trillion. The new proposal follows the expansive monetary policy the Federal Reserve engaged in during the last two years expanding the money supply like never before. Meanwhile, U.S. inflation is at a 30 year high and the central bank’s Federal Open Market Committee (FOMC) plans to assess new strategies today. Biden Slims Down ‘Build Back Better’ Plan Last week, U.S. president Joe Biden offered […]

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US Congressmen Sent SEC Letter Advocating For Spot Bitcoin ETF

In a letter sent to SEC Chairman Gary Gensler, two Congressmen articulate why a spot bitcoin ETF should be approved in the U.S. Today, the Securities and Exchange Commission (SEC) Chairman Gary Gensler was sent a letter written by two U.S. Congressmen, Tom Emmer (MN-06) and Darren Soto (FL-09), advocating for the approval of a spot bitcoin exchange-traded fund (ETF) to begin trading in the country. “We question why, if you are comfortable allowing trading in an ETF based on derivatives contracts, you are not equally or […]

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Bitcoin Miner Riot Produced 464 BTC In October, Up 433% Year Over Year

The miner now holds nearly 4,000 bitcoin and expects to reach a hash rate capacity of 8.6 EH/s in 2022. Riot Blockchain mined 464 BTC in October 2021, a 433% increase over its October 2020 production of 87 BTC. The company now holds nearly 4,000 bitcoin, all produced in-house. Riot expects to house a hashrate capacity of around 8.6 EH/s by the end of next year. Bitcoin mining company Riot Blockchain produced 464 bitcoin in October, a 433% increase compared to its production of 87 BTC in […]

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Marathon Digital stock reaches 6-year high as company HODLs $460M Bitcoin

The mining firm said it expects its fleet of 133,000 miners to produce a hash rate of roughly 13.3 EH/s by 2023. U.S.-based crypto mining company Marathon Digital Holdings holds more than $460 million in Bitcoin mainly from mining and purchases since last year. According to a Nov. 2 report, the mining firm said it had been HODLing all Bitcoin (BTC) generated from its mining operations — roughly 2,640 BTC — since its last sale in October 2020. In addition, Marathon Digital purchased more than 4,812 BTC […]

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US senator submits resolution to allow crypto payments in Capitol Complex

The proposal, called the ACCEPT Resolution, would apply to gift shops, vending machines and restaurants. U.S. Senator Ted Cruz of Texas submitted a resolution on the Senate floor Monday that would require the acceptance of cryptocurrency payments at all gift shops, restaurants and vending machines located within the Capitol Complex. The resolution, titled Adopting Cryptocurrency in Congress as an Exchange of Payment for Transactions, or ACCEPT, also prohibits the Architect of the Capitol — a presidential appointee who oversees the administration of the Capitol Complex — from entering […]

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