This is a transcribed version of a special edition “Bitcoin Magazine” podcast with Aleks Svetski and Michael Saylor having a long-form conversation about the implications of Bitcoin and its effects on the world. Watch This Episode On YouTube Or Rumble Listen To The Episode Here: Transcript [00:00:13] Aleks Svetski: The level of craziness and the level of intervention and the…
Month: August 2022
ETH may consolidate as Merge excitement wears off, says expert
After a surge in Ethereum (ETH) prices last week, the cryptocurrency may now be treading in a consolidation phase, says asset management firm IDEG’s chief investment officer. In a report shared with Cointelegraph on Monday, the author of the report, Markus Thielen said he while he has been bullish on ETH prices six weeks ago, he has now turned “cautious.”…
Bitcoin network activity decline suggests longer bear market: Glassnode
With several on-chain metrics for Bitcoin (BTC) still in a bearish range, a continuation of the recent price recovery will require increased demand and fees spent over the network, says Glassnode. The assessment of mediocre market growth over the past week came from blockchain analysis firm Glassnode in its latest The Week On Chain report on August 1. In it,…
Pakistani Politician Imran Khan’s Instagram Account Used to Promote Crypto Giveaway Scam – Featured Bitcoin News
Imran Khan, a former prime minister of Pakistan and current chairman of one of the largest political parties in the country, has confirmed that his Instagram account was compromised and hackers used it to promote a cryptocurrency giveaway scam. Imran Khan’s Instagram Account Hacked, Used to Promote Crypto Scam Imran Khan, a former Pakistani prime minister and current chairman of…
Dr Disrespect unveils NFT game to mixed reaction, FC Barcelona’s first NFT sells for $700K and more…
Gaming YouTube streamer “Dr Disrespect” unveiled the first sneak peek of his upcoming NFT shooter game dubbed Deadrop on July 30. The initial reaction has been mixed, however, with some underwhelmed by the game’s lack of polish given that Dr Disrepect boasted in a now-deleted Tweet from June that it “already blows out anything” from the Call of Duty game engine.…
Tether supply starts to increase after three-month decline
The world’s largest stablecoin, Tether (USDT) has expanded its circulating supply following almost three months of reductions, in what could be a sign the crypto markets are slowly recovering. The first mint in almost three months occurred on July 29, and there have been three more, with the latest on August 2, according to CoinMarketCap. The USDT injections have been…
How The Federal Reserve Will Ultimately Fail – Bitcoin Magazine
This is a transcribed version of the “Bitcoin Magazine Podcast,” hosted by P and Q. In this episode, they are joined by Lawrence Lepard to talk about the hawkish Federal Reserve and how its policy decisions will lead to its own demise. Watch This Episode On YouTube Or Rumble Listen To The Episode Here: Transcript [00:00:06] Q: I am excited…
Crypto lender Vauld granted three-month protection from creditors
Embattled crypto lending platform Vauld has been granted a short period of reprieve from creditors after being given a three-month moratorium by the Singapore High Court on Monday. Its initial request by Vauld’s parent company Defi Payment Limited for a six-month moratorium was reportedly denied by Justice Aedit Abdullah on August 1, citing concerns that a lengthier moratorium “won’t get…
‘Bitcoin Valley’ Launches in Honduras — 60 Businesses Accept BTC to Boost Crypto-Tourism – Featured Bitcoin News
Bitcoin Valley, the first bitcoin city in Honduras, has launched in Santa Lucia. Businesses in the area will accept bitcoin for payments. “In Santa Lucia, we are all going to participate in this project … Accepting bitcoin will open us to another market and win more customers,” said a local business owner. Bitcoin Valley: First Bitcoin City in Honduras Bitcoin…
SEC charges 11 individuals over $300M crypto ‘pyramid scheme’
The Securities and Exchange Commission (SEC) has charged 11 individuals for their alleged role in the creation of a “fraudulent crypto pyramid scheme” platform Forsage. The charges were laid in a United States District Court in Illinois on August 1, with the SEC alleging that the founders and promoters of the platform used the “fraudulent crypto pyramid and Ponzi scheme”…