I’m not a big fan of governments, and I’m really not a fan of bloated bureaucracies. I harbor the controversial opinion that HR departments and administrator roles are net negatives for any organization: it’s rare to find an administrator who knows what they’re doing or an HR person who adds value to their organization. Half or more of all new…
Ascendex, a cryptocurrency exchange, suffered a security breach that allowed hackers to take control of some of the wallets of the exchange. The attack focused on hot wallets, where funds are kept as a buffer to tend to customers’ withdrawals. The company announced that it would reimburse these funds to any affected user. Peckshield, a security and auditing company estimated…
Miami’s Bitcoin-loving mayor, Francis Suarez, told a reporter at Real Vision’s Takeover event in Las Vegas on Friday that he’s planning to take some of his 401K retirement in his favorite cryptocurrency. The news comes a month after his reelection. Back then, the 41-year-old mayor announced he’d take his next paycheck in Bitcoin. True to his word, Suarez has indeed…
Bitcoin (BTC) has been struggling to sustain the $47,500 support since the Dec. 4 crash, a movement that wiped out over $840 million in leveraged long futures contracts. The downside move came after the emergence of the Omicron variant of the Coronavirus and recent data showing U.S. inflation hitting a 40-year high. Bitcoin/USD price at FTX. Source: TradingView While newcomers…
Dear Lord Sugar Mountain, Attention: to my Facebook friend who is building a version of the metaverse that nobody wants as a starter. The last few years must certainly not have been easy. Your business model centered around polarization and, subsequently, outrage has ironically unified many of us against relying too much on your social media platform. Your government —…
Bitcoin prices returned to $50,000 around noon ET on Sunday after a week of hovering in the high $40,000s. Since the beginning of October, Bitcoin had been above $50,000—for many, a sign of an ongoing bull market—but Bitcoin’s flash crash last weekend—in part because of substantial leverage trading—surprised some: $1.79 billion of Bitcoin was liquidated within an hour, sending its…
The mainstream narrative for Bitcoin in 2021 has centered a lot around the “E,” or “environmental” aspect of ESG (environmental, social and corporate governance) and Bitcoin. One point that has not been mentioned is that running your own home on renewable energy can protect and insulate you from the bad “G” of the government’s reckless monetary and energy policies. Self-sovereignty…
While bitcoin prices have consolidated around the $50K zone, the network’s hashrate has reached an all-time high (ATH) on December 8, 2021, tapping 194.95 exahash per second. Bitcoin miners have increased their processing power a great deal despite the fact that mining bitcoin is 8.33% harder to mine since December 11. Bitcoin Hashrate Taps 194 Exahash per Second on December…
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. One of the most important economic discussions this year, apart from Bitcoin, is around the rise of stablecoins, and especially the rise of…
As Ethereum’s popularity for everything from DeFi lending to NFT minting has grown, so has the cost of doing business on the network: gas fees, the amount of gwei (a fraction of ETH) charged per transaction, have steadily risen. That has periodically promoted fierce debates over the network’s usability, and has given Ethereum challengers like Solana, Avalanche, and Polkadot a…
