Monthly Archives: June 2022

How Can The Bitcoin Community Help Bring An End To The War In Ethiopia?

Bitcoin’s attributes leave it well-positioned to help facilitate an end to a genocidal war in Ethiopia. This is an opinion editorial by Michael Abraha, a contributor to Bitcoin Magazine. As the world has quickly shifted its attention to Ukraine, the ongoing genocidal war in Tigray, Ethiopia, has continued for almost 17 months. This underreported war hasn’t seen much time in the mainstream media even though 500,000 people have died as a result of it. While CNN, BBC and Al Jazeera have all reported on this conflict for […]

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LINK marines rejoice after Chainlink 2.0 brings a new roadmap and staking

LINK price broke its downtrend and rallied to $9 after the developers released a roadmap and announced that Chainlink 2.0 includes token staking. Passive income opportunities are one of the biggest draws in the cryptocurrency ecosystem because it gives investors an easy opportunity to grow their portfolio size regardless of the day-to-day price action. The latest token to get a bump in its price after announcing the upcoming implementation of staking is Chainlink (LINK), the decentralized oracle network that provides important off-chain information needed for the proper […]

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Bitcoin Is The Answer To Financial Burnout

Burnout is experienced in numerous fields and finance is no exception. Bitcoin offers a viable and non-correlated alternative to a system known for burnout. Dr. Riste Simnjanovski is a tenured professor of public administration at California Baptist University. Most recently, his published research explores digital assets in the public and private sectors. Dr. Scott Dunbar is a tenured associate professor and has administered master and doctoral-level degree programs. His research revolves around the topics of burnout, work/family balance and work/family conflict. Part One: Um, Anyone Gonna Clean […]

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Chainalysis exec touts blockchain analysis to Senate homeland security committee

Three experts from the private sector appeared before the Senate committee Tuesday to talk about ransomware attacks and how to combat them. The collection and processing of information was a major theme at the United States Senate Committee on Homeland Security and Governmental Affairs (HSGAC) hearing titled, “Rising Threats: Ransomware Attacks and Ransom Payments Enabled by Cryptocurrency” on Tuesday. The committee hosted a panel of private-sector experts who discussed the problem of ransomware attacks and the challenges of collecting and using the information necessary to fight them.  […]

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Bitcoin price recovers $31.5K, but traders say ‘scam’ price action will bring more downside

BTC price rallied back to a strong resistance level at $31,500, but traders caution that another whipsaw is the most likely outcome. Bitcoin’s (BTC) short-term price action has been dominated by whipsaws that trigger around the $31,000 to $32,000 level and the June 6 reversal at this point triggered a quick sell-off that pushed the price down to $29,200. Surprisingly, on June 7, the price rapidly reversed course as Bitcoin rallied back to $31,500, but given the current rejection at this level, traders are likely to proceed […]

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Digital Real Will Be Used by Banks in Brazil as Collateral to Issue Their Own Stablecoins

The Brazilian central bank digital currency (CBDC), the digital real, will be more of a wholesale asset instead of a public retail-focused token, according to statements from the president of the Central Bank of Brazil, Roberto Campos Neto. Campos Neto indicated that private banks in the country will be able to issue their own stablecoins that will be collateralized with digital real deposits. Digital Real Will Not Be Retail Oriented Brazil is planning to issue a CBDC that has a very different design when compared to other […]

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In Support Of Responsibly Assessing Bitcoin And Fintech

A recent letter urging lawmakers to heed misrepresentations of cryptocurrencies as warnings of the future is simply poor understanding. This is an opinion editorial by L0la L33tz, a contributor at Bitcoin Magazine. In an attempt to urge U.S. lawmakers to increase regulation in the cryptocurrency industry in favor of protecting “public interest,” 26 expert technologists put forward a signed letter concerned with the use, security and privacy of “crypto-assets.” But, rather than pointing toward the shortcomings of blockchain technology and cryptocurrency, the letter invokes a worrisome picture […]

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TrueFi launches on Optimism, expanding access to on-chain credit

Several projects have launched on Optimism this year with the goal of giving users instant transactions and lower gas fees. Unsecured lending protocol TrueFi has become the latest project to launch on Optimism, Ethereum’s popular layer-2 scaling solution, in a move that’s expected to boost demand from non-institutional lenders.  By launching on Optimism, TrueFi’s lender community will have access to a faster and cheaper user experience, as well as gain exposure to a wider pool of retail lenders. “TrueFi users can now lend, borrow and launch portfolios […]

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Lummis-Gillibrand bill establishes SEC-CFTC balance of power over crypto markets

The comprehensive new bill sorts out regulators and addresses taxes, environmental impact, security and other major questions surrounding digital assets. The long-awaited Responsible Financial Innovation Act to create a regulatory framework for digital assets was introduced in the United States Senate on Tuesday. The official text of the 69-page document was also released.  The bipartisan bill, sponsored by Senators Cynthia Lummis of Wyoming and Kirsten Gillibrand of New York, “addresses CFTC and SEC jurisdiction, stablecoin regulation, banking, tax treatment of digital assets, and interagency coordination,” according to […]

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PayPal enables transfer of digital currencies to external wallets

The move comes after nearly two years since PayPal enabled users to buy and sell crypto on its platform. After rolling out the ability to buy and sell crypto on its platform in October 2020, PayPal is finally allowing users the ability to natively transfer, send and receive digital assets between PayPal and other wallets and exchanges. As of Tuesday, the feature is available to select U.S. users, with the feature expanding to all eligible U.S. users in the coming weeks. The first batch of supported coins […]

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