The International Monetary Fund (IMF), along with a string of other financial institutions, really does not like Bitcoin. So, let’s do the usual, thinking through what the IMF is and why it even matters. What Is The IMF? The IMF and the World Bank are like the parallel universe versions of Shaggy and Scooby-Doo. They have no idea what they…
Watch This Episode on YouTube Listen To This Episode: [00:00:07] CK: Svetski has put out some incredible work, some incredible thinking. The article prior to this one was Bitcoiners are the Remnant. We don’t need the masses. I think, I messed that title up. Long story short is you should read that one, as well as ASIC. I’m going to go…
A group of U.S. banking regulators is working on how banks can be allowed to offer crypto services and hold cryptocurrencies on their balance sheets. The chairman of the Federal Deposit Insurance Corporation (FDIC) said, “If we don’t bring this activity inside the banks, it is going to develop outside of the banks … The federal regulators won’t be able…
Nayib Bukele, the president and self-described Emperor of El Salvador, has taken advantage of todays drop in Bitcoin prices to increase his country’s BTC reserves. Bukele announced today on Twitter in English (the lingua franca of the Bitcoin ecosystem, but not his citizens) that he had bought the proverbial dip. BTC, which reached an all-time high above $67,000 last week,…
The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. In a major announcement yesterday, news broke that U.S. banking regulators are exploring a roadmap for traditional banks to hold bitcoin so that…
The number of Litecoin (LTC) transactions has rebounded to over 140,000 in recent days after falling close to the 100,000 mark in early October. Three days prior, the Litecoin Foundation tweeted about the launch of its LTC Visa Debit card, powered by fintech firm Unbanked. According to the card’s homepage, potential customers would first register for a Litecoin Card account,…
Bitcoin (BTC) has been trading in a descending channel pattern since its $67,000 all-time high on Oct. 20, which was just one day after ProShares Bitcoin Strategy ETF (BITO) debuted at Nasdaq. However, bulls have a sufficient number of incentives to peg Bitcoin’s price above $60,000 on Oct. 29 when the $3.2 billion monthly options expiry settles. Bitcoin price in…
Quicknode, a Miami based blockchain infrastructure platform, announced the completion of a $35 million Series A round of financing on Wednesday, led by Venture Capital firm Tiger Global. Seven Seven Six, Soma Capital, Arrington XRP Capital, Crossbeam and Anthony Pompliano also participated in the round. This follows a $5.3 million seed round back in March, and brings the total investment…
Adobe Inc., the American multinational computer software company that’s well known for its platforms like Photoshop and Illustrator, has jumped into the non-fungible token (NFT) universe. According to Adobe chief product officer Scott Belsky in a recent interview with The Verge, “NFTs will change creativity.” New Adobe Photoshop Tool Will Assist NFT Creators in ‘Packaging and Preparing, Along With the…
Crypto trading platform Voyager Digital has inked a deal with the Dallas Mavericks basketball team aiming to make crypto more accessible through fan engagement and other educational programs. In an Oct. 27 announcement, Voyager Digital said it would become the Mavs first cryptocurrency brokerage and international partner in a five-year deal. The trading platform will also have naming rights over…
