Monthly Archives: November 2021

As Inflation Keeps Rising In The U.S., Bitcoin Offers A Way Out

Powell said it’s time to retire the word “transitory” when discussing inflation; Bitcoin is the people’s lifeboat. It’s time to retire the word transitory when describing inflation, said Fed Chair Jerome Powell during Senate testimony on the economy today. Powell explained its asset purchases could come to a halt earlier than planned next year. Bitcoin offers the chance for people to opt-out of unpredictable monetary policies and eroding purchasing power. Federal Reserve Chair Jerome Powell said the central bank’s asset purchases could end sooner than planned amid […]

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Kaboomracks Benefits From Bitcoin Home Mining Craze

Nick Foster of Houston-based bitcoin mining company Kaboomracks joins Bitcoin Magazine for an interview, discussing the current state of at home mining. Home and apartment bitcoin mining is enjoying a wave of popularity right now as bitcoiners recognize all the positive spin-offs of mining at home — home heating, greenhouse projects, and just plain being part of the bitcoin revolution. A number of companies including Compass Mining, Kaboomracks, and Scott Offord have stepped in to try and meet the increasing demand. Upstream Data is marketing its new Black Box […]

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Galaxy Digital Plans to Raise $500 Million in Debt Market to ‘Accelerate Growth Initiatives’

Galaxy Digital Holdings Ltd. has revealed the firm is looking to raise $500 million in an exchangeable senior note offering. The investment company, founded by billionaire investor Mike Novogratz in January 2018, aims to use the funds to “accelerate growth initiatives across its business lines.” Galaxy Reveals Exchangeable Senior Note Offering The investment firm Galaxy Digital (TSX: GLXY) aims to raise $500 million via an exchangeable senior note offering. The convertible debt will be used to continue expanding the business. Galaxy details that the private placement will […]

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Bitcoin Hash Rate Near Full Recovery From China Ban, Close To New All-Time High

Bitcoin’s hash rate has risen over 80% since the Chinese ban on mining and might make a new all-time high soon. The Bitcoin network hash rate is near complete recovery from China’s ban of mining. The metric has increased over 80% in the past five months and is close to a new all-time high. Bitcoin has demonstrated deep resiliency and antifragility in the face of a severe stress test and is about to overcome that completely. The Bitcoin hash rate has showcased deep resiliency since the Chinese […]

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SHIB, RGT and AMPL shake off Fed taper comments by notching double-digit gains

Comments from the Federal Reserve might have sent BTC price tumbling, but SHIB, RGT and AMPL ignored the taper talk by posting double-digit gains. Volatility reared its ugly head for a second day after growing fear of the new Omicron Covid-19 variant and the Federal Reserve’s admission that an earlier than expected adjustment to its bond buying program continue to impact global stock markets. The impact of these concerns appear to have impacted Bitcoin price and this morning the digital asset retreated from its intraday high at […]

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Congressional candidate seeking to unseat anti-crypto Brad Sherman is accepting contributions via Lightning

An elementary school teacher, Aarika Rhodes said she plans to use her time in Congress “fighting to keep Bitcoin innovation” in the United States. Aarika Rhodes, a Democrat running to represent California’s 30th Congressional District in the U.S. House of Representatives, has begun to accept campaign contributions in Bitcoin using the Lightning Network. In a Tuesday message to her more than 21,000 Twitter followers, Rhodes said her campaign website had started using Lighting for campaign contributions in addition to the BitPay options for Bitcoin (BTC) and Bitcoin […]

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Finance Committee Approves Legislation Delaying Crypto Tax in South Korea

Changes meant to postpone the introduction of a tax on virtual assets such as cryptocurrencies in South Korea have been approved by an important parliamentary committee. The draft legislation seeks to delay Seoul’s plan to impose a 20-percent levy on gains from crypto transactions. Ahead of Election, Major Parties Support Tax Break for Crypto Investors in South Korea South Korean parliament is taking steps to suspend a planned tax on profits from digital asset investments for another year. The move has been supported by the ruling Democratic […]

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First Bitcoin ETF To Pay Monthly Yield Launches In Canada

The Purpose Bitcoin Yield ETF employs a derivatives-based covered call strategy to pay monthly yield to investors. A bitcoin ETF offering monthly yields has been listed in Canada today. The Purpose Bitcoin Yield ETF is live on the Toronto Stock Exchange under the ticker symbol BTCY.B. Purpose Investments employs a derivatives-based covered call strategy to pay investors an expected eight to ten percent annual yield. Canadian investors can now receive a monthly bitcoin yield through a new exchange-traded fund (ETF) listed on the Toronto Stock Exchange (TSX), […]

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Solana price eyes $300 as Grayscale launches SOL-backed trust

The Grayscale Solana Trust would allow high-net-worth and institutional investors to gain indirect exposures to the yearlong bullish SOL market. Solana (SOL) held onto its intraday gains on Nov. 30 as Grayscale Investments, the largest cryptocurrency fund in the world, announced that it would add SOL to its product line. The digital asset class is growing, and we’re expanding our offerings along with it! Gain exposure to $SOL, the native token of the @Solana network, through new Grayscale #Solana Trust. Learn more: https://t.co/QiT6u0xI7h pic.twitter.com/KAxRZAriRl — Grayscale (@Grayscale) […]

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Coinbase will establish presence in Israel through purchase of Unbound Security

“We’ve long recognized Israel as a hot bed of strong technology and cryptography talent, and are excited to continue to grow our team with some of the best and brightest minds in these fields,” said Coinbase. Cryptocurrency exchange Coinbase will acquire cryptographic security company Unbound Security in a move that will also have the U.S. company launch a research facility in Israel. In a Tuesday blog post, Coinbase said it would be purchasing Unbound to gain access to its cryptographic security experts as well as establish a […]

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