Bitcoin was created to give the average person a peer-to-peer economic system and a store of wealth asset that could provide financial autonomy and access to banking, especially for people living in places where financial services are sparse or non-existent. In the last five years, there have been a number of blockchain projects that aim to mirror Bitcoin’s original mission…
This is an opinion editorial by Aleks Svetski, author of “The UnCommunist Manifesto,” founder of The Bitcoin Times and Host of the “Wake Up Podcast with Svetski.” Part 4, Chapter 4 of the JBP series. The series continues. If you’ve not yet read chapters one through three, you can find them here, and of course make sure you’ve read Part…
The bull market euphoria that carried prices to new highs throughout 2021 has given way to bear market doldrums for any Bitcoin (BTC) buyer who made a purchase since Jan. 1, 2021. Data from Glassnode shows these buyers “are now underwater” and the market is gearing up for a final capitulation event. Bitcoin net unrealized profit/loss. Source: Glassnode As seen…
On Tuesday, June 7, 2022, Cynthia Lummis, a Republican senator and rancher from Wyoming, and Kirsten Gillibrand, a Democrat senator and securities lawyer from Albany, New York, will introduce the Responsible Financial Innovation Act. This bill is a broad, sweeping attempt to regulate bitcoin and other cryptocurrencies. In Lummis’ words, the bill will “fully integrate digital assets into [the] financial…
After climbing to $11.33 per unit seven days ago on May 30, Terra’s new LUNA 2.0 token has lost more than 56% in value against the U.S. dollar. Amid the market performance, a number of former Terra-based decentralized finance (defi) projects are transitioning over to the new Phoenix-1 blockchain. In addition to the defi projects re-joining the Terra ecosystem, the…
In brief IRA Financial Trust lost $36 million in crypto in a February hack. The company uses New York-based crypto exchange Gemini to hold its digital assets. It alleges that Gemini “did not have proper safeguards in place to protect customer crypto assets”—and wants to sue the exchange. IRA Financial Trust, a company which manages individual retirement accounts in non-traditional…
Bitcoin (BTC) has been unable to close above $32,000 for the past 28 days, frustrating bulls and pushing the Fear and Greed index to bearish levels below 10. Even with June 6’s small boost, the tech-heavy Nasdaq stock market index is down 24% year-to-date. Investors who keep a close eye on regulatory development were possibly scared after New York state…
In brief Ethereum-based game Illuvium sold over $72 million worth of NFT digital land plots. The land plots provide various benefits in the upcoming PC and Mac game, due out later this year. Illuvium, an upcoming Ethereum-based role-playing game, sold more than $72 million worth of digital land plots as NFTs during a sale that ended on Sunday. The sale,…
Geyser is a Lightning-native, non-custodial Bitcoin crowdfunding platform that makes it possible for anyone to create and fund campaigns for projects from anywhere in the world. The team at Geyser is working to give creators and organizers a platform to raise funds for projects while providing more transparency on the state of their campaigns. Similar to Kickstarter and GoFundMe, Geyser…
On Monday, IRA Financial Trust, a platform providing self-directed digital asset retirement and pension accounts, filed a lawsuit against cryptocurrency exchange Gemini for alleged negligence in safeguarding customers’ digital assets during a critical exploit. The firm’s client accounts were held in Gemini’s custody. On February 8, a breach led to the siphoning of $36 million in crypto assets from customers’…
