Earlier this week, coins.fyi writer Cole South published a post on why he no longer HODLs bitcoin that generated some animated Twitter discussion. So it seemed important to provide a quick walk through of some of South’s arguments from a Bitcoiner perspective. Of course, I’m not expecting to change South’s mind and get him to buy back in, but I…
Two Israeli issuers of credit cards, MAX and Isracard, will begin offering bitcoin services and cashback to users of their credit cards. MAX will partner with Beats of Gold, allowing users to purchase bitcoin with credit cards.Isracard will partner with Altshuler Shaham to purchase bitcoin through the investment house. MAX and Isracard, two Israei-based credit card companies, are collaborating to…
sponsored YellowHeart Protocol, an NFT platform poised to disrupt the ticketing and music industries, is set to launch its utility token, HRTS (pronounced “Hearts”), on Bittrex Global’s IEO Platform Starting Block as the platform’s debut project on May 24 at 13:00 UTC. YellowHeart Protocol Is a Significant Milestone in the History of Event Ticketing System The first ever event tickets…
The 132-year-old Swiss asset management firm, Julius Baer, intends to offer exposure to cryptocurrencies and decentralized finance (DeFi) for its high net-worth clients. The firm’s CEO Philipp Rickenbacher confirmed the move into the cryptocurrency space during his delivery of the company’s strategy update for the next three years. Rickenbacher noted that the recent slump in the cryptocurrency markets presented a…
Commonwealth Bank (CommBank), Australia’s largest bank, is putting a brake on the launch of its crypto trading service, with no firm timeframe to resume the project, The Guardian reported on Thursday. First announced in November, the service would enable some 6.5 million CommBank app users to buy and sell up to ten cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. After the…
China has “re-emerged” as a major bitcoin mining hub in 2022, representing more than 20% of the Bitcoin network’s hash rate, according to new data from Cambridge’s Centre for Alternative Finance (CCAF). The October 2021 data update from CCAF indicated that “mining operations in mainland China have effectively dropped to zero.” So, what caused this purported enormous whiplash in mining…
Cryptocurrencies will be eventually legalized, a member of the Russian government has opined. The question is when this will happen, Trade Minister Denis Manturov stated as new crypto-related legislation advanced in the State Duma this week. Crypto Legalization Is Current Trend, Russian Minister Acknowledges Cryptocurrency can be legalized in the Russian Federation, according to a statement by the country’s Minister…
Block, the pro-Bitcoin (BTC) umbrella company that hosts Cash App, Square and Afterpay, continues its growth in 2022. According to its Shareholder letter, in the first quarter of 2022, gross profits are “up 34% year over year.” In total, the group netted $1.29 billion in gross profits. However, operating costs were also up “$1.52 billion in the first quarter of…
Julius Baer Group, a Swiss private bank, will begin offering bitcoin and other cryptocurrency products to high-net-worth individuals. Julius Baer explained we are likely witnessing a bubble similar to the dot-com burst which birthed a new industry. The bank originally partnered with cryptocurrency bank SEBA in 2019 as the institution became more familiarized with the industry. Julius Baer Group, a…
Following several sessions of consolidation, ETH has finally caved in, dropping below the $2,000 floor in the process. As we move towards the end of the week bitcoin also fell for a second consecutive session, with prices falling below $29,000. Bitcoin Bitcoin dropped below the $29,000 level on Thursday, as bears continued to push prices lower this week. As a…
