Month: November 2021

Cryptocurrency exchange Kraken has announced support for the meme cryptocurrency shiba inu (SHIB). Deposits are now live and SHIB trading is expected to commence on Tuesday. The price of SHIB surged following Kraken’s announcement. SHIB on Kraken: Deposits Now Live, Trading Set to Begin Tomorrow Crypto exchange Kraken announced Monday that shiba inu (SHIB) deposits are live and trading is expected to start Tuesday. The exchange wrote: We’re thrilled to announce that Kraken now supports shiba inu (SHIB). “Funding is Read more …

Summary Of The Holiday Week Despite what many had hoped for, bitcoin spent the holiday pumping out the red candles. It’s not surprising as the past has shown a correction following new all-time highs, and bitcoin has spent the first half of November 2021 setting a new all-time high nearly every week. It’s perfectly normal to see a correction in the market. Shake out the jelly hands and let the diamond hands continue HODLing. Interestingly, there was more than enough Read more …

Microstrategy has purchased 7,002 more bitcoins, growing its cryptocurrency stash to 121,044 coins. CEO Michael Saylor says, “Bitcoin is the only property you can truly own, as well as the first technology capable of granting property rights to everyone on earth.” Microstrategy Now Has 121,044 Bitcoins in Its Treasury The Nasdaq-listed company Microstrategy has purchased 7,002 more bitcoins. CEO Michael Saylor tweeted Monday: Microstrategy has purchased an additional 7,002 bitcoins for ~$414.4 million in cash at an average price of Read more …

press release PRESS RELEASE. EverRise, the DeFi project that introduced the concept of buybacks in cryptocurrency, is going live with an upgraded version 2 contract on Monday, November 29th at 11:00 pm UTC. The new RISE token will be available on the Binance Smart Chain, Ethereum, and Polygon networks through PancakeSwap, UniSwap, and QuickSwap, respectively, with one supply across the three blockchains and balanced initial liquidity pools. This is the first time a token has launched on three chains at Read more …

Bitcoin & Dark Matter The Center Cannot Hold: 14 Just as one cannot weigh light or sound, neither can one weigh Bitcoin. While there are several common material components to Bitcoin such as mining machines, hardware wallets, seed plates, and nodes, much of what Bitcoin is, is immaterial. In physics, matter can be defined as anything that has mass and takes up space by having volume. Matter includes everything that is made of atoms or subatomic particles that act as Read more …

Google has warned users about the use of its Google Cloud platform by malicious actors to mine cryptocurrencies. In its latest Cloud Threat Intelligence report titled “Threat Horizons,” which provides users with security insights, the company informed that 86% of the compromised instances on Google Cloud platforms were being used to mine cryptocurrencies. Most of the accounts compromised were secured with weak passwords or with no password at all. Google Cloud Used to Mine Cryptocurrencies Software giant Google Read more …

Wyoming is on a mission to house 5% of the U.S. Bitcoin mining hashrate by the next halvening in May 2024. This goes hand-in-hand with Wyoming’s strengths and aligns well with economic development and job creation goals. For context, Wyoming has the lowest population density in the lower 48 U.S. states at six people per square mile (neighboring Colorado houses 56 people per square mile). Wyoming also has a difficult time retaining recent graduates because their ambitions for careers and Read more …

This month, the price of bitcoin sank below the $60K zone this month after reaching an all-time high (ATH) at $69K per unit. The pseudonymous bitcoin analyst and the creator of the bitcoin price model called stock-to-flow (S2F), Plan B, called the last three months of bitcoin prices correctly but the analyst’s “worst-case scenario” forecast missed the mark in November. Despite the recent bitcoin price drop, Plan B still seems confident bitcoin’s price is “on track towards $100K.” Plan B’s Read more …

Invesco has launched a bitcoin exchange-traded product in Europe. The Invesco Physical Bitcoin fund is listed on the Deutsche Boerse under the ticker symbol BTIC. The offering is “physically”-backed by bitcoin and tracks the CoinShares reference price index, minus fees. Asset manager Invesco has launched a spot bitcoin exchange-traded product (ETP) in Europe, reported ETF Stream. The offering is “physically” backed by actual bitcoin and tracks the CoinShares Bitcoin Hourly Reference Rate index, seeking to deliver the performance of BTC Read more …

Watch This Episode On YouTube Listen To This Episode: In this episode of the Bitcoin Magazine podcast, host Christian Keroles was joined by comedian, freedom advocate and cofounder of Zion, J.P. Sears. “I think freedom is what makes life worth living, period,” Sears said. “And I think freedom is so valuable, that it’s the one thing that all people will eventually be willing to die for.” Sears described how an interview between Tony Robbins and Michael Saylor initially catapulted him Read more …

One of the largest cryptocurrency mixing protocols, Tornado.cash, has announced the project will deploy on the L2 (layer 2) Ethereum platform Arbitrum One. The creators of the Ethereum-based mixing application explain that settling on Arbitrum will allow Tornado.cash users to benefit from cheaper transactions. Tornado.cash to Deploy on Arbitrum – ‘Cheaper Transactions Being the Biggest Comparative Advantage’ On November 29, the team behind the ethereum mixing application Tornado.cash revealed the project plans to deploy on the Arbitrum One network. The Read more …

MicroStrategy has added 7,002 bitcoin to its holdings in a purchase of approximately $414.4 million, an average price of $59,187 per BTC, the company disclosed in a filing with the Securities and Exchange Commission (SEC). The software intelligence firm now holds around 121,044 BTC acquired at an aggregate purchase price of $3.57 billion, averaging approximately $29,534 per bitcoin. The company financed the acquisition by selling class A common stock, which the company previously disclosed in June. According to the filing, Read more …