This is an encouraging sign, the city of Fort Worth, Texas has launched a pilot bitcoin mining project in their local City Hall. The pilot project may be small, with only three S9s that collectively produce $3.39 worth of USD denominated profit per day — assuming a cost of electricity of $0.05 kWh and … Read more
The multinational financial services corporation based in Boston, Fidelity Investments, has revealed the firm is allowing people to add bitcoin into their 401(k) plan as long as the employer allows it. According to Fidelity’s head of workplace retirement offerings, the company has seen “growing interest from plan sponsors” that wanted to add bitcoin to … Read more
I’m a long-time student of a spiritual practice that has 365 lessons to help us train our minds with a new way of seeing. During a moment of quiet contemplation, one of those lessons came to mind and I realized it could be applied to Bitcoin. Lesson 189 asks us to, “Simply do this: … Read more
SEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale Grayscale Investments’ CEO explains that the U.S. Securities and Exchange Commission (SEC) could potentially violate the Administrative Procedure Act by not approving a spot bitcoin exchange-traded fund (ETF). SEC Approving Spot Bitcoin ETF Is ‘a Matter of When and Not If’ … Read more
Paolo Ardoino, the chief technology officer of Tether and Bitfinex, is confident that Tether will preserve its status as the most used stablecoin, despite the rapid growth of competitors such as USD Coin (USDC). “If you see the volumes of Tether compared to the rest of stablecoins, they are insanely higher. They are even … Read more
Much like drinking from Tamanique Falls, El Salvador’s tallest waterfall, taking in the steady stream of world class information from the last session day of LABitConf is about as difficult as banning bitcoin in the country of your choice. Thankfully, anyone can replay the entire day of sessions here. The most important topics in … Read more
Bitcoin infrastructure company Blockstream recently rebranded its Lightning Network implementation from c-lightning to Core Lightning (CLN) in an attempt to highlight the project’s long-term focus on interoperability and specification work. The initial name, which alluded to the C programming language the implementation is built in, didn’t reflect the company’s actual intent with the project. … Read more
BTC and ETH were once again lower during today’s trading session, as both were trading close to two-week lows. Bitcoin dropped below $43,000 for the first time since March 24, while ETH hit a bottom near $3,100 on Thursday. Bitcoin Bitcoin continued trading lower on Thursday, as the world’s largest cryptocurrency fell below $43,000 … Read more
Fundamental Labs was the lead investor for a seed funding round in which Binance.US, a cryptocurrency exchange, raised $200 million total. Fundamental Labs invested $20 million based on a $4.5 billion pre-money valuation. Binance plans expansion and new product offerings with the $200 million injection. Fundamental Labs, a blockchain-focused venture capital firm, took the … Read more
2021 was a rough year for the people of Turkey, as the country experienced rapid devaluation of its currency, the lira. Things haven’t improved in 2022 as the lira has suffered since Russia invaded Ukraine as sanctions and export bans have resulted in soaring commodity prices. According to official government reports, Turks are now … Read more