During the last week, crypto enthusiasts and traders have been discussing the stock-to-flow (S2F) bitcoin price model created by the pseudonymous crypto analyst “Plan B.” Despite Plan B’s worst and best case scenario calls on June 20, a touch over a week later the analyst said the “next 6 months will be make or break …
Tag archives: Bitcoin
NCLA Files Appeal Against the IRS — Law Firm Claims Tax Agency Unlawfully Seizes Crypto Data of Thousands
On Friday, the public interest law firm New Civil Liberties Alliance (NCLA) filed an opening brief in the cryptocurrency case of James Harper v. Charles P. Rettig. The NCLA argues that Harper’s Fourth and Fifth Amendment constitutional rights were violated by the Internal Revenue Service (IRS). The U.S. tax agency is accused of obtaining Harper’s …
Bullish Cryptocurrency Exchange Prepares to Launch and Go Public on NYSE
Crypto startup Bullish has announced its plan to go public on the NYSE as it gets ready to launch a cryptocurrency exchange. The Bullish exchange aims to be a “revolutionary, regulated cryptocurrency exchange that offers deep, predictable liquidity for investors to generate yield from their digital assets.” Bullish to List on NYSE Bullish announced its …
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Man Who Accidentally Threw Away 7,500 Bitcoins on Hard Drive Has New Plan to Retrieve His BTC
The Welsh man who accidentally threw away a computer with 7,500 bitcoins on its hard drive has come up with a new plan to retrieve his lost coins from the city landfill. “We estimate there are between 300,000 – 400,000 tons of waste to look through,” he said. Man on Mission to Retrieve 7,500 Lost …
Tiktok Bans Users From Promoting Cryptocurrencies
Tiktok has banned its users from promoting all financial products and services including those related to cryptocurrency. The company also prohibits ads relating to cryptocurrency. Tiktok Prohibits Users From Posting Content Promoting Cryptocurrencies Social media platform Tiktok has banned content promoting cryptocurrencies and related products and services. The company’s “Branded Content Policy” states: All financial …
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Mass internet outage shows why we need deeper decentralization of web 3.0
Afflicting numerous state and non-state actors, the June 8th outage resulted in costly interruptions to business and drew attention to institutional level faults within present web distribution models. Experts warn that such incidents will remain a constant nuisance without a significant web infrastructure change/upgrade. The Fastly Outage A series of websites — including the White …
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Riot Blockchain Bitcoin Production Jumps More Than 400% Year-on-Year Amidst Mining Exodus
Riot Blockchain, a Nasdaq-listed mining company, reported Thursday on its Bitcoin production last month. The company’s numbers jumped a little more than 400% year-on-year, as a result of the increase in mining power. The recent mining crackdown in China is also helping companies like Riot to keep growing. The company plans to continue increasing its …
Israel Begins Seizure of Bitcoin Donations Collected by Hamas
Israel’s Defense Minister Benny Gantz has ordered the seizure of cryptocurrency funds raised by the Palestinian Islamist movement Hamas. His department has reportedly started taking control over digital wallets used by the terrorist group to collect crypto donations from abroad. Defense Ministry of Israel Targets Crypto Addresses Used by Hamas Minister Gantz approved the seizure …
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China Opens Digital Yuan Whitelist for Ten Million Citizens
The Chinese government is taking its digital yuan test one step further. Now, 10 million users will be able to test and use the currency after applying to join a whitelist in selected state banks. This new phase of the test aims to detect possible problems in a more broad testing environment. China is preparing …
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More than 75% of El Salvador is skeptical of Bitcoin, survey finds
Results of a recent survey, conducted by Disruptiva, a pollster affiliated with Francisco Gavidia University, suggest that more than half of El Salvador’s citizens view the new Bitcoin (BTC) law as “not at all correct,” according to Reuters. Disruptiva included 1,233 people in their survey, which was conducted between July 1 and July 4, roughly …
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Someone proposed a tool to reorg Ethereum blocks. But its “too dangerous” and “shouldn’t exist”
The Ethereum network faces a potential crisis through plans to increase the power of miners to re-organize the blockchain. The Ethereum blockchain has a MEV crisis Twitter user @EdgarArout, a developer, is stepping up attempts to exploit a miner extractable value (MEV) vulnerability that exists on the Ethereum protocol. This would involve re-organizing the chain …
Apple Cofounder Steve Wozniak Says Bitcoin Is a ‘Mathematical Miracle’
Presenting at the Talent Land Jalisco 2021, Apple cofounder Steve Wozniak called bitcoin an “amazing mathematical miracle.” Wozniak said he’s not a bitcoin investor per se, but “believes in it for the future.” Steve Wozniak Is Not Necessarily Invested but Still Believes Bitcoin Is an ‘Amazing Mathematical’ Creation Apple cofounder Steve Wozniak is a fan …
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Playboy Collaborates With Superrare Launching the Miami Beach NFT Collection
The publicly listed and iconic lifestyle company Playboy has announced the entertainment firm has collaborated with the non-fungible token (NFT) digital art marketplace Superrare. The Playboy NFTs expand upon an exhibit showcased to thousands of visitors at the Bitcoin 2021 conference in Miami. Playboy’s New Collection of NFTs Includes Heritage Photograph Print Playboy (Nasdaq: PLBY) …
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Africa Fintech Start-up Growth: Nigeria Dominates in ‘Big Three’ Markets
According to the findings of the latest study by Disrupt Africa, the number of fintech start-ups based on the African continent grew to 576 in 2021. This figure represents a 17.3% jump from the 491 start-ups that were operating on the continent in 2019. Overall, the number of fintech start-ups in Africa has increased around …
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New Dogecoin (DOGE) update has this key ‘merit,’ says Elon Musk
Matt Wallace, a popular proponent of Dogecoin, reminded the Dogecoin community today about an upcoming update that would speed up transactions and make the network even cheaper. It elicited a response from none other than ‘Dogefather’ Elon Musk. Reminder: The Dogecoin update is coming soon! It will position Doge perfectly to become one of the …
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