Bitcoin (BTC) stayed mostly steady at $39,000 on May 4 as the U.S. Federal Reserve conformed to expectations of a 0.5% key interest rate hike. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin eerily calm on Fed statement Data from Cointelegraph Markets Pro and TradingView showed BTC/USD exhibiting minimal fluctuation as the Fed confirmed what many assumed had already been “priced…
Texas crowdfunding platform EnergyFunders has started selling equity shares of Bitcoin mining operations through its Bitcoin Discovery Fund. According to an SEC filing submitted yesterday, the company will sell equity in Bitcoin mining operations attached to off-grid natural gas mining rigs for $5,000 per share. The company said in the filing it will sell up to $10 million worth of…
With El Salvador’s recent transition of making bitcoin legal tender, people are beginning to take the cryptocurrency more seriously. One important consideration about President Nayib Bukele’s incorporation of Bitcoin into the country is the ability to solve numerous issues unique to Latin American economies and markets, namely, the issue of trust. While Bitcoin’s usefulness as a technology and investment vehicle…
On Wednesday, the world’s largest family-owned banking institution, LGT Bank, announced that it has selected SEBA Bank in order to provide cryptocurrency custody and brokerage services to clients. LGT will start by offering investments in bitcoin and ethereum and the bank’s customers can incorporate the digital assets into their existing LGT Bank-managed portfolios. LGT Bank Adds Crypto Services by Partnering…
This week’s Nifty News sees the arrival of Louis Vuitton to the nonfungible token (NFT) gaming scene, Johnnie Walker’s entry into Web3 and Elon Musk’s apparent embrace of Bored Ape Yacht Club. Louis Vuitton makes its mark in the NFT gaming scene To commemorate Louis Vuitton’s bicentennial birthday in late 2021, the French luxury brand launched a NFT game called “Louis:…
In brief Ice Cube’s BIG3 basketball league will sell NFT ownership stakes in teams to Krause House DAO and MyDoge, a Dogecoin wallet app. The projects will make team decisions, create merchandise, and have branding opportunities in the 3-on-3 pro league. After last week’s news that Solana NFT project DeGods will purchase a team in rapper and actor Ice Cube’s…
Much has been written about how intermittent renewables like wind and solar negatively affect grid stability and often need government subsidies to produce positive financial returns on investment (ROI). Less well understood, but even more important, is the fact these intermittent renewables reduce our global net energy surplus when compared to the coal, oil, natural gas and nuclear energy sources…
Terra (LUNA) price lost 31% over the past four weeks, erasing all of the gains accrued year-to-date and even though the token continues to outperform the broader cryptocurrency market by 20%, Terra is struggling to hold above the $85 support. Previously, a few bullish catalysts were Terra’s USD (UST) stablecoin flipping Binance USD (BUSD) to become the third-largest stablecoin on…
Crypto miners in Uzbekistan looking to avoid paying twice as much for electricity—and get a break on their taxes—have been offered another option: buying solar panels. According to Reuters, miners who pay to set up their own solar panel systems will be exempt from paying federal income taxes, while those who still rely on the national power grid will have…
This is an opinion piece about BIP119 (OP_CTV). If you would like to submit a counter argument, please email Bitcoin Magazine. In the past few weeks, there has been an effort to push a Bitcoin Improvement Proposal (BIP) forward by the name of CTV or BIP119. In this article I will attempt to do two things. First I’d like to…
