Wildcatters drilling wells in hopes of finding oil. via Braiins via Braiins The below is a direct excerpt of Marty’s Bent Issue #1194: “Rising energy price, difficulty, and their effect on mining profitability.” Sign up for the newsletter here. Here’s something to pay close attention to in the coming months: the economics of the bitcoin mining industry. With the bitcoin price…
Activity on the Cardano (ADA) blockchain is starting to heat up, with 400 new projects in the works, along with 100,000 new wallets being created over the past month. According to an April 19 Twitter post from Cardano creators Input Output (IOHK), there are nearly 900 projects in development on the network. The figure has grown by roughly 400 since…
In brief Colorado’s governor went after Ron DeSantis over his policies on Twitter and Disney. Both men are proponents of crypto and possible 2024 presidential candidates. Republican Ron DeSantis and Democrat Jared Polis, the respective governors of Florida and Colorado, are two of the most pro-crypto politicians in the country—and are viewed by pundits as possible candidates for the 2024…
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, 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. Coinbase April Outflows As we’ve highlighted in previous analyses, the latest bitcoin outflow from exchanges has been relentless over the last…
A U.S. lawmaker has urged the Biden administration to develop a “robust strategy” to prevent cryptocurrency from being used to evade sanctions. “Emerging technologies like cryptocurrency offer many positive applications like humanitarian relief, but the administration has not kept pace in ensuring this novel form of currency is not used to the detriment of U.S. national security,” he said. Congressman…
Bitcoin has the potential to challenge 18th-century monetary defensive protocols as a 21st-century modern monetary defense protocol (MMDP) alternative. For starters, the purpose of any defensive protocol is to provide natural barriers which are designed to increase safety and maximize security. So, the stronger the protocol, the superior protection and the security it provides. The U.S. Constitution, for example, is…
The National Basketball Association will begin minting its upcoming Ethereum NFT collection of 18,000 assets called The Association on Wednesday. NFTs are unique blockchain tokens that indicate one’s ownership over an asset, like a piece of digital art. Each Association NFT represents a real NBA player in this year’s playoffs. There will be 75 NFTs of each player from the…
Cryptocurrency’s rise to mainstream pop-culture phenomenon has certainly transformed the overall blockchain ecosystem for the better; more people than ever before are actively participating and aware of the technology, institutions once rejecting cryptocurrency are investing millions of dollars in it and even “old-money” strongholds such as J.P. Morgan and Goldman Sachs are publishing reports on the performance of various digital…
Nasdaq-listed trading platform Robinhood is acquiring Ziglu, a London-based electronic money institution and crypto asset firm. The acquisition is part of Robinhood’s international expansion plan. Robinhood “sees a big opportunity in serving customers across the globe.” Robinhood Acquiring Regulated Crypto Firm Ziglu Popular U.S.-based trading platform Robinhood announced Tuesday that it has signed an agreement to acquire a regulated cryptocurrency…
A mix of profit taking and newly banned investment products has likely contributed to $97 million outflow across all institutional crypto investment products last week, with $73 million just in Bitcoin, according to a new report from CoinShares. The firm publishes weekly reports on institutional allocations in crypto products like those offered by Grayscale, 3iQ, 21Shares and its own CoinShares…
