Retail cryptocurrency mining in Thailand has apparently received a boost due to the capitulation of Chinese miners triggered by the country’s new crypto mega ban enforced in September. Thai entrepreneurs and cryptocurrency businesses have been increasingly capitalizing on Chinese miners getting rid of their crypto mining machines, Al Jazeera reported Wednesday. “The moment China… Read More »
A Cornell University economics professor says that the promise of decentralized finance (defi) using blockchain technology is real but bitcoin may not last that much longer. Nonetheless, he admitted bitcoin “has really set off a revolution that ultimately might benefit all of us either directly or indirectly.” Economics Professor Doubts Future of Bitcoin, Praises… Read More »
Bitcoin (BTC) remains bullish and a multitude of metrics support this claim. Is this a trend reversal? Over the past week investors’ short-term sentiments about Bitcoin’s prospects appear to have improved. While last week’s market update made the case for why top investors and analysts are overwhelmingly bullish on Bitcoin’s predicted long-term price action,… Read More »
2021 has proven to be a fortuitous year for the world’s second-biggest cryptocurrency Ether (ETH), which has seen a fourfold increase in value over the past 12 months. In doing so, Ether has outperformed the appreciation of the preeminent Bitcoin and has gained an increased percentage of the overall cryptocurrency market by capitalization. While… Read More »
In less than two weeks after its previous bitcoin purchase, Microstrategy bought more bitcoins. The company has added 1,434 coins to its treasury, bringing the total holdings to 122,478 coins. At the time of writing, the company’s total bitcoin stash is worth about $6 billion. Microstrategy Purchases 1,434 More Bitcoins The Nasdaq-listed company Microstrategy… Read More »
The Bitcoin network’s share of global carbon dioxide emissions is only about 0.13% of the global annual total — approximately 47 million tons of a rough total 37 billion tons, by some estimates. But despite the fact that many bitcoin mining firms use renewables for a significant amount of their energy needs, Bitcoin is… Read More »
Cryptocurrency hopefuls want to believe that Wall Street is just another eager investor, ready to pump money into the growing crypto market and enjoy the same returns that retail traders have seen every time the value of cryptocurrency has skyrocketed. But that projection misses the mark in two ways: first, Wall Street is already… Read More »
Should we all go zero fiat? I’ve seen this idea gain prominence on Bitcoin Twitter recently, discussed by people like LaserHodl and Heavily Armed Clown. Personally, I’m open to the idea, and I believe that we all will eventually #GetOnZero. But not just yet. As much as I’d love to live in the hyperbitcoinized… Read More »
A defining feature of the Digital Era has been the rise of digital entities of incredible complexity, which manage to maintain such simplicity that your grandmother can use them. Famously, the iPhone arrives in a box with no user guide. It is so well designed and self obvious in function that a child is… Read More »
Bitcoin can be a daunting thing to learn about. It involves the study of several different fields, from computer science to economics. At Bitcoin Magazine, we always hope to be able to educate our readers on the basics of Bitcoin. We offer a guides section, and have a large selection of books in our… Read More »