Month: May 2021

On Monday, the publicly-listed enterprise mining firm Marathon Digital Holdings announced the company has adopted the latest codebase offered by Bitcoin Core developers that features Taproot. Marathon is now signaling for Taproot according to the announcement. The North American bitcoin miner further noted that the firm’s mining operation Marapool will “cease filtering transactions.” Marathon Adopts Bitcoin Core Version 0.21.1 With Taproot Privacy Features The firm Marathon Digital Holdings (Nasdaq: MARA), has been making a number of business moves in the Read more …

Watch This Episode On YouTube Listen To This Episode: In this episode of Bitcoin Magazine’s “Meet The Taco Plebs,” BtcCasey and Tyler Laroche were joined by Texan HODL, a fellow Bitcoiner who has just started working in the industry. They discussed how Texan HODL discovered Bitcoin via a popular online game called RuneScape. Then they talked about the underlying research and reading which primed Texan HODL for entry into the Bitcoin thoughtspace — research such as the problems with the Read more …

Last Week In Bitcoin is a new segment covering the week that occurred in Bitcoin, with all the important bits and some analysis. Summary Despite what the charts and current price may say, last week was a bullish week in Bitcoin. Billionaire Ray Dalio confirmed he is holding bitcoin, activist investor and former bitcoin doom prophet Carl Icahn expressed interest in pursuing crypto in a “big way” and Texas pushed through a bill that will provide a legal framework for bitcoin Read more …

In May 2020, back when the crypto economy was still tumultuous from the coronavirus outbreak fears and gloomy global financial outlook, in general, the private venture capital firm Andreessen Horowitz (a16z) revealed the 500 million-dollar “Crypto Fund II.” A report published on May 27 by the tech writer Eric Newcomer indicates that Andreessen Horowitz is contemplating $2 billion in financing for the next crypto fund. Former Bloomberg Reporter Says ‘a16z in the Process of Tripling Down on Crypto’ The well Read more …

The fluctuations in bitcoin’s value acts as both a draw and a deterrent to investors, in what has been described by many commentators as a modern-day gold rush. The true extent of bitcoin’s investment volatility can be best understood by examining two hypothetical investment scenarios: Investor A bought $10,000 worth of bitcoin on March 14, 2020. At the time, they were able to buy roughly two bitcoin. Having held them for exactly twelve months, he exchanged their bitcoin back to Read more …

Alex Gladstein will be speaking during the Bitcoin 2021 conference in Miami on June 4. Make sure that you set a reminder for the Bitcoin 2021 day one YouTube live stream and one for the Bitcoin 2021 day two YouTube livestream now. Watch Alex Gladstein’s interview on YouTube. Alex Gladstein has worked at the Human Rights Foundation since 2007 and has steadily discovered the increasing advantages bitcoin can provide to oppressed people around the world. In this interview, host Tyler Read more …

Belt Finance, a Binance Smart Chain-based decentralized lending protocol, lost $6.3 million in a flash loan attack last week. The attackers took advantage of a series of inefficiencies in the smart contract to manipulate the price of the set and obtain profit from a series of transactions. This is just the last of a series of attacks that seem to be pointing to Binance Chain protocols due to their vulnerabilities. Belt Finance Loses $6.3 Million in Flash Loan Attack Read more …

Mara Pool, the bitcoin mining pool operated by digital asset technology company Marathon Digital Holdings, will update its miners to the latest Bitcoin Core 0.21.1 software to signal for Taproot activation, and stop censoring transactions, according to a press release. “Marathon is committed to the core tenets of the Bitcoin community, including decentralization, inclusion, and no censorship,” said Marathon’s CEO Fred Thiel. “Over the coming week, we will be updating all our miners to the full standard Bitcoin core 0.21.1 Read more …

There’s a number of tools, charts, and models traders use to help them forecast bitcoin price cycles and our last article discussed leveraging the Golden Ratio Multiplier. The following editorial discusses another method of bitcoin price prediction analysis by utilizing Logarithmic Growth Curves. In September 2019, a comprehensive paper published by Harold Christopher Burger describes how crypto proponents can visualize bitcoin price cycles using the Power-Law Corridor model. Bitcoin’s Logarithmic Growth Curve In order to give our readers some deeper Read more …

Yao Qian, a member of The China Securities Regulatory Commission, presented a case where a possible Digital U.S. dollar and the Digital Yuan run on top of Ethereum’s network. The government official spoke on The International Financial Forum (IFF) 2021 in Beijing on May 30th. The summit had the objective of discussing the post-pandemic world and China’s potential for international partnerships. Qian was part of the forum called “Digital Currency and the Future Digital Transformation”. During this event, the government Read more …

The Human Rights Foundation (HRF) Bitcoin Development Fund’s latest round will award a total of $210,000 to three Bitcoin Core contributors, two Lightning Network wallet teams and an Arabic translator. “This round of gifts will focus on: Bitcoin core development, making it easier to run nodes and making it harder to Sybil attack nodes, wallet optimization for emerging markets, privacy improvements for Lightning apps, [and] expanding arabic language Bitcoin education and translation,” announced HRF Chief Strategy Officer Alex Gladstein. HRF Read more …

Bitcoin’s mining difficulty dropped this week at block height 685,440 and saw the largest negative drop of the year losing close to 16%. Overall the global hashrate has dropped around 2% since the price fell below the $40k handle. Currently, the mining difficulty is around 21 trillion, and it could drop another 16% in less than two weeks. Bitcoin Mining Difficulty Slides Close to 16% Down Following 2021’s Largest Epoch Difficulty Rise The price of bitcoin (BTC) has seen better Read more …