Watch This Episode On YouTube Listen To This Episode: In this episode of “The Center Cannot Hold,” host Alex McShane was joined by Pete Rizzo to discuss his latest article in Forbes, “Against Cryptocurrency: The Ethical Argument For Bitcoin Maximalism.” They explored how bitcoin is the only cryptocurrency that truly protects users’ rights, the various disagreements between crypto agnostics and…
As with many good stories, it starts with a Twitter thread. Anthony Pompliano kicked things off by summarizing an article by Avik Roy. https://twitter.com/APompliano/status/1449497170332327940 Mark Cuban, owner of the Dallas Mavericks, investor of Shark Tank fame (and who was pitched sub-$300 bitcoin by Michael “Bitstein” Goldstein in 2015 at SXSW) somewhat caustically responded: https://twitter.com/mcuban/status/1449499286081884160 From there, Preston Pysh jumped in…
The first bitcoin exchange-traded fund (ETF) launched in the United States and smashed records on Tuesday, capturing close to $1 billion in total volume. Eric Balchunas, the senior ETF analyst for Bloomberg said that the Proshares Bitcoin Strategy ETF (BITO) definitely “defied expectations.” Proshares Bitcoin ETF Commands Serious Volume Proshares Bitcoin Strategy exchange-traded fund (BITO) did well on its first…
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. One of the most common patterns in bitcoin’s on-chain history is that of the long-term holders stacking sats during bear markets and then…
Billionaire investor Carl Icahn warned Tuesday that the next market crisis may be on the horizon, and Bitcoin could be the best hedge against inflation.With the United States government continuing to stimulate the economy, Icahn stated that he fears the dollar is becoming more devalued and that the price of goods is rising.“In the long run we are certainly going…
SEC Chair Gary Gensler and Proshares CEO Simeon Hyman discussed the launch of the first Bitcoin-linked ETF in a CNBC breaking news segment on Tuesday.Proshares Bitcoin Strategy ETF, also known as BITO, is based on CME Bitcoin futures contracts. CNBC commentator Bob Pisano shared concerns from some investors that BTC futures could deviate from the BTC spot price:“The futures market…
On Tuesday, Concierge.io, the exclusive travel service backed by Travala.com announced it added new luxury services in order to give crypto investors “a more premium experience to live out their travel dreams.” The concierge service for “the crypto world’s elite” details its added experiences like a seven-star igloo in Antarctica, all-inclusive African safaris, and a stay at a Japanese castle.…
A high-profile blockchain lobby group is urging United States lawmakers to adopt a “technology-neutral” approach when it comes to stablecoin regulation, arguing that dollar-pegged cryptocurrencies do not pose a system risk to the financial system.In a 17-page letter addressed to the President’s Working Group on Financial Markets, which includes regulators from the Department of Treasury and Federal Reserve, the Chamber…
During bitcoin’s parabolic price increase this year, Twitter profiles with laser eyes suddenly emerged. “Anons” and celebrities, such as Elon Musk, added red lasers rays to their portraits and the hashtag #LaserRayUntil100k started to trend. As the hashtag indicated, the laser eyes were added as part of an internet ritual to increase bitcoin’s price to $100,000. But the laser eyes…
Bitcoin is a cryptocurrency, a digital asset created to work as a medium of exchange that uses cryptography to manage its development and management, rather than relying on central authorities. The history of bitcoin started with the innovation and was carried out by the assumed pseudonymous Satoshi Nakamoto, who incorporated lots of existing ideas from the cypherpunk neighborhood Background Prior…
