GoldenTree Hedge Fund Buying Bitcoin

GoldenTree, run by Founder and Chief Investment Officer Steven Tananbaum, has added bitcoin to its balance sheet, The Street reported earlier today. GoldenTree, with $41 billion in assets under management, is one among a growing number of traditional hedge funds purchasing bitcoin. According to The Street, GoldenTree has purchased bitcoin to diversify the conservative, debt-based strategies it has used in the past. The primary sources of this information chose to remain anonymous while reporting the sensitive business information to The Read more …

Senator Warren Financial Inclusion Bitcoin

If you’re a member of the Bitcoin community, whether self-proclaimed or working with an entity such as Bitcoin Magazine, you should be well-experienced with the chaotic nature of the narratives and politics around Bitcoin — and the sweepingly ignorant inclusion with “cryptocurrencies” in general. Bitcoin has become the favorite target for champions of Environmental, Social, and Corporate Governance (ESG) narratives, namely Bitcoin’s energy use and environmental impact. Now, Nic Carter has quashed that conversation. Swiftly and effectively, Nic has done Read more …

Warren Davidson Cryptocurrency Infrastructure Tax Bill

Watch This Episode On YouTube Listen To This Episode: Unless you’ve been living under a rock for the past 48 hours, you’ve likely heard about the last-minute addition of a cryptocurrency tax to the U.S. Senate’s forthcoming infrastructure bill. In this episode of the “Bitcoin Magazine Podcast,” host David Zell sat down with one of D.C.’s strongest Bitcoin supporters, Representative Warren Davidson (R-OH), to talk about the specific language and potential impact of this cryptocurrency tax legislation. As it stands Read more …

Behind This Bitcoin Price Correction

The bitcoin price rallied last week, but the move did not come out of the blue. While some people attributed the spike in price to the fake news about Amazon planning to accept bitcoin, the charts had been signaling a move was coming, approaching a decisive point for weeks. I attribute this mid-cycle correction to three dominant and simultaneous narratives that, before resolved, caused major uncertainty and price declines. These events affected sentiment in all segments of the bitcoin market Read more …

Malaysia Takes Enforcement Actions Against Binance, Advises Investors to ‘Withdraw All Investments Immediately’ – Regulation Bitcoin News

The securities regulator of Malaysia has taken enforcement actions against the global cryptocurrency exchange Binance. Noting that the exchange is operating illegally in the country, the regulator has advised those who currently have accounts with Binance “to immediately cease trading through its platforms and to withdraw all their investments immediately.” Malaysia Issues Public Reprimand Against Binance The Securities Commission Malaysia (SC) announced Friday “enforcement actions against Binance for illegally operating a digital asset exchange (DAX).” Under Malaysia’s regulation, digital asset Read more …

Cardano (ADA) Launches Connector For DApps Integration

Cardano (ADA) continues to move further in its smart contracts integration on its blockchain. Cardano announced about a week ago that it had successfully completed the long-awaited Alonzo White Hard Fork. And with this, the project was moving on to the next phase of the integration. Smart contracts on the Cardano network will allow developers to build decentralized finance (DeFi), NFTs, decentralized identity (DID), and countless other things not the network. This is why the move to smart contracts support Read more …

The Semantics Of The Bitcoin Layers

The Semantics Of A Bitcoin Layer The idea of a layer comes from two worlds, each of which uses a layered approach in a distinct manner: the world of money, and the world of networks. In this article we will briefly explore both worlds. After the concept of layers has been established, we will relate the layered framework to Bitcoin, which is a unique and new hybrid of both money and technology. We will introduce the nuance of layers, and Read more …

Wealthfront Grayscale Bitcoin Trust GBTC

Robo-advisor giant Wealthfront has announced it will provide its nearly 400,000 clients with the option to get bitcoin exposure through Grayscale Bitcoin Trust (GBTC). The firm, which provides a hands-free approach to investing and has $25 billion of assets under management (AUM), announced the new addition to its offerings on July 29. But clients will be limited to allocating up to 10% of their portfolios in bitcoin. Wealthfront claimed the limit to be a protection because they consider GBTC an Read more …

OECD To Review Cryptocurrency Transactions – Chagos Islanders Seek Control of Popular .IO Domains

Dublin: A consumer group and a human rights group joined forces today to file a complaint with the Organization for Economic Cooperation and Development (OECD) detailing consumer and human rights harms committed by Afilias Ltd, the manager of popular cryptocurrency and tech domain .IO. The filing marks the first time OECD jurisdiction has been invoked in a digital dispute involving cryptocurrency. British Indian Ocean Territory is best known for the secretive US naval base on Diego Garcia Island and the Read more …

The University Of Pennsylvania Continues to Hold Donated Bitcoin

The University of Pennsylvania confirmed today it still holds part of a $5 million donation it received earlier this year in Bitcoin. As reported by the New York Times, John Zeller, senior vice president alumni relations at the university, stated that this decision was partly informed by the wishes of the anonymous donor.  “The donor’s goal was to make a gift of that magnitude, a promotable gift, to say, ‘If you’re interested, we’re in the crypto world, and we can accept it.’”  The bitcoin gift was Read more …

Paypal Unveils Plans to Expand Cryptocurrency Services With ‘Super App’ and Open Banking Integration – Featured Bitcoin News

Payments giant Paypal has outlined its plans to expand cryptocurrency services, including via a new wallet “super app,” open banking integration, U.K. expansion, and third-party wallet transfers. “We continue to be really pleased with the momentum we’re seeing on crypto and we’re obviously adding incremental functionality into that,” said Paypal’s CEO. Paypal Reveals Crypto Plans, Details of ‘Super App’ Paypal CEO Dan Schulman talked about his company’s crypto plans and the progress of the upcoming “super app” during the payments Read more …

University Pennsylvania Bitcoin Donation – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

The University of Pennsylvania has received an anonymous bitcoin donation worth $5 million to its business school. The bitcoin gift was announced by the university with the amount of publicity usually reserved for larger donations of fiat investments such as stocks, bonds, and real estate. In an interview, John Zeller, senior vice president for development and alumni relations at Penn stated, “The donor’s goal was to make a gift of that magnitude, a promotable gift, to say, ‘If you’re interested, Read more …