In brief Jump has been trying to purchase Wormhole.com from a 79-year-old sci-fi fan for more than a year. The man finally capitulated after the trading giant sued him for breach of contract. The realm of physics offers the exciting possibility of “wormholes” that could let us collapse space and time. But here on Earth, most of us are subject…
This is an opinion piece about BIP119 (OP_CTV). If you would like to submit a counter argument, please email Bitcoin Magazine. We’ve Got A Problem Decentralized consensus isn’t easy. There’s a reason most companies have CEOs, and “non-hierarchical” organizations tend not to function well for long. Bitcoin’s decentralized governance is harder still: On top of decentralization, we layer a relative…
The Hawaii State Senate today approved bill SB2695, co-signed by Sens. Donovan Dela Cruz and Rosalyn “Roz” Baker, that establishes a blockchain and cryptocurrency task force. As crypto becomes more mainstream, thanks partly to the interest in NFTs, governments worldwide are looking for ways to regulate and take advantage of digital assets like Bitcoin. In March, President Joe Biden signed…
On May 2, 2022, a report stemming from the broadcast television and radio network the National Broadcasting Company (NBC), 100,000 Cubans are leveraging crypto assets. The report says increased crypto usage is due to the fact that Cubans cannot use certain payment vehicles due to the sanctions placed on Cuba by the United States. 100,000 Cubans Bypass Payment Bans via…
Business intelligence firm MicroStrategy said it will consider opportunities for yield generation on 95,643 “unencumbered” Bitcoin (BTC) held by its subsidiary MacroStrategy. In MicroStrategy’s report for the first quarter of 2022 released on Tuesday, the firm said it “may conservatively explore future yield generation opportunities on unencumbered MacroStrategy bitcoins” as a consideration following a $205 million BTC-collateralized loan issued by…
Former United States Federal Reserve vice-chair for supervision Randal Quarles discussed central bank digital currencies (CBDC) and the chances of the U.S. adopting such technology in an interview on the Banking with Interest podcast Tuesday. Quarles, who is known for his opposition to a CBDC, expressed his skepticism about the so-called digital dollar and predicted the U.S. will not introduce it.…
El Salvador, the first nation to experiment with Bitcoin as national currency, has an $800 million bond due in January, according to Moody’s. Unfortunately, with the nation’s highly anticipated “Bitcoin Bond” yet to reach the market, it may have some trouble paying that debt. There are conflicting sources surrounding how many investors are interested in the bond. Bloomberg suggests that…
Get the full book now in Bitcoin Magazine’s store. This article is part of a series of adapted excerpts from “Bitcoin Is Venice” by Allen Farrington and Sacha Meyers, which is available for purchase in Bitcoin Magazine’s store now. You can find the other articles in the series here. “No intelligent student of modern events can possibly have overlooked the…
In brief The price of the cheapest-available Bored Ape Yacht Club NFT has fallen 32% since Friday—a drop of more than $135,000. Prices had surged ahead of Saturday’s mint of NFT land for Otherside, a Bored Ape-themed metaverse game. Last week, ahead of Saturday’s mint for NFT land for the upcoming Otherside metaverse game, everything was looking up in the…
Large-cap cryptocurrency continue to slump as investors await comments from the Federal Open Markets Committee regarding the exact size of the next interest rate hike. There are, however, a few bright spots in the market and select altcoins managed to post double-digit gains in trading on Tuesday thanks to a big-time partnership announcement and cross-protocol collaborations that led to a…
