Monthly Archives: November 2021

El Salvador To Issue ‘Bitcoin Bond’ On The Liquid Bitcoin Sidechain

The first country to adopt bitcoin as legal tender aims to raise $1 billion through bond issuance to purchase BTC and invest in infrastructure. El Salvador will issue $1 billion in bonds on Blockstream’s Liquid Network, a federated Bitcoin sidechain, according to a statement sent to Bitcoin Magazine. The proceedings of the bonds will be split between a $500 million direct allocation in bitcoin and an investment of the same amount in building out energy and bitcoin mining infrastructure in the region. The move seeks to attract […]

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Analysts pinpoint bull and bear scenarios as Bitcoin price dips below $56K

BTC price dropped below $56,000 again, leading analysts to discuss various bull and bear scenarios for Bitcoin’s short term price action. Cooler heads are calling for a collective deep breath and a step back to see the long-term outlook for the future of Bitcoin (BTC) price and the wider crypto market, but today’s drop back under $56,000 is raising eyebrows among traders. Data from Cointelegraph Markets Pro and TradingView shows that after starting the week near $60,000, several days of bears hammering the price of Bitcoin resulted […]

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Sotheby’s Metaverse announces latest and largest NFT charity auction

Proceeds will go towards Sostento, a nonprofit that supports frontline public health workers. Sotheby’s, the world’s oldest art and luxury auction house, announced its collaboration with the public health care advocate and nonprofit organization Sostento to auction off its latest NFT collection via the Sotheby’s Metaverse. The auction titled Gifted: The 140 Collection is considered to be Sotheby’s “biggest NFT charity auction ever,” with all of its proceeds going towards Sostento.  The NFTs were originally gifted by Twitter as part of a giveaway of 140 NFTs to […]

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This Singapore tech company says its recycling 90% of waste heat from Bitcoin mining

The green Bitcoin mining operator is also en-route to list on the NASDAQ exchange via a SPAC merger. It takes a lot of energy for miners to verify transactions and mint new blocks on the Bitcoin (BTC) blockchain. According to Statistica, one Bitcoin transaction consumes as much electricity as over 1 million VISA transactions. Moreover, the cryptocurrency’s environmental burden increases even more if the energy used for mining stems from fossil fuels. But SAITech, a Eurasia-based Bitcoin mining operator with headquarters in Singapore, seeks to recycle the […]

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Rams player Odell Beckham Jr. will accept NFL salary in Bitcoin

Reports suggest the Los Angeles Rams player’s total salary for the 2021 season would be worth roughly 75.66 BTC at an average price of $56,103. Odell Beckham Jr., wide receiver for the Los Angeles Rams football team, has said he will be taking all of his $4.25 million National Football League salary in Bitcoin. In a Monday post to his Twitter account, Beckham said he would be partnering with Cash App to take his next NFL salary in Bitcoin (BTC). National Insider reporter Ian Rapoport said earlier […]

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After Overseeing the Largest Monetary Expansion in US History Biden Renominates Powell to Lead the Fed

U.S. president Joe Biden revealed his intent on Monday to re-nominate Jerome Powell as the Federal Reserve chairperson. Major indices and stocks gained on the news that Powell will get a second term as the head of the central bank. Biden Chooses to Renominate Fed Chair Jerome Powell On Monday, president Joe Biden revealed that he has chosen Jerome Powell to lead the U.S. Federal Reserve for another term. Powell will serve as the chairperson during his second term, while Lael Brainard will serve as the Fed’s […]

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The Key Thing I Learned From Bitcoin’s Previous Bull Run

What one action is most important to learning about potential future bitcoin bull runs and how to handle them? Watch This Episode On YouTube Listen To This Episode: BitcoinTV Apple Spotify Google Libsyn Overcast Rumble Something about the way Bitcoin Magazine’s Nick W. described the previous bitcoin price bull run instilled a sense of peaceful confidence in me.  His emphasis on self-reflection in order to learn about the future was a great perspective that I had not yet heard on the show. Along with discussing his previous […]

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Swan Bitcoin Raises $6 Million, Aims To List On Nasdaq By 2024

The bitcoin-only buying app has raised $8.5 million to date and added Lyn Alden to its board of directors. Swan Bitcoin raised $6 million in Series A financing on a $90 million pre-money valuation. The round was co-led by Mimesis Capital and Ten31, and Lightning Ventures and Plan B Ventures also participated. Swan aims to be publicly traded on the Nasdaq by 2024. Bitcoin buying app Swan has raised $6 million in a Series A funding round co-led by Mimesis Capital and Ten31 on a $90 million […]

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LABitConf Day Two Was Bitcoin’s Time To Shine

Day two of the LABitConf happening in El Salvador held incredible discussions from industry leaders. Much like drinking from Tamanique Falls, El Salvador’s tallest waterfall, taking in the steady stream of world class information from the last session day of LABitConf is about as difficult as banning bitcoin in the country of your choice. Thankfully, anyone can replay the entire day of sessions here. The most important topics in Bitcoin were discussed by global leaders including John Newberry presenting what to expect from the coming Bitcoin Improvement […]

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Total crypto market cap drops by 6.7%, but futures data finds a silver lining

Metaverse, gaming and incentive-offering DeFi tokens pumped last week even as Bitcoin and the total crypto market capitalization dropped. Here’s why. Looking at the past 7-days of winners and losers might give one the impression that cryptocurrency markets are net positive. Still, total market capitalization actually fell by 6.7% to $2.72 trillion as Bitcoin’s (BTC) price retraced 8.3% to $58,425. Top winners and losers from the sector’s top 80 coins. Source: Nomics The only connection between this week’s top gainers seems to be the Metaverse and gaming […]

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