Month: November 2021

November 1, 2021 Cycling On-Chain is a monthly column that uses on-chain and price-related data to better understand recent bitcoin market movements and estimate where we are in the cycle. This sixth edition discusses the impact of the newly launched futures ETFs, last month’s all-time high, sell pressure from miners and long-term bitcoin holders, retail activity and concludes with the results of our monthly poll and halving cycle roadmap. Bitcoin ETF Sparks Bitcoin Futures Demand Early October 2021, rumors popped Read more …

Green Bay Packers legend, quarterback Aaron Rodgers, announced today on Twitter that he has partnered with Cash App to take a portion of his NFL salary in bitcoin. Rodgers also shared that he’s giving out $1,000,000 in bitcoin to his fans in the comment section of his announcement. Rodgers did not share any details on how much of his salary he’s chosen to accept in bitcoin. According to Spotrac, he makes an average annual salary of $33,500,000. “I believe in Read more …

Watch This Episode On YouTube Listen To This Episode: The traditional finance world can be one of lucrative returns. And those who work in this industry know it can be hard to resist those returns. The proximity of the finance world to the fiat spigot has fed the pig of corporate gluttony fat. And yet, there are those who wish not to eat of this hog. Those who have glimpsed a world where progress is not nominal; where proof of Read more …

Following a number of ASIC mining rig acquisitions from the manufacturer Canaan, the bitcoin mining operation Genesis Digital Assets announced on Monday that the firm is developing an industrial-scale bitcoin mining data center in West Texas. According to the announcement, Genesis says that the new facility will have 300 megawatts of capacity with a “low carbon footprint.” Genesis Announces New Bitcoin Mining Facility With 300 Megawatts of Capacity The mining firm Genesis Digital Assets has announced the launch of a Read more …

Inflation continues to remain hot in the United States as supply constraints and higher oil prices continue, seeing barrels of crude surge above $80 per unit. Meanwhile, data released on Friday indicates that consumer expenditures have risen to 4.4%, the highest run-up of inflation the country has seen in 30 years. Inflation Continues to Rise in US Americans are dealing with higher inflation levels these days as new data indicates that personal consumption expenditures have spiked in September to 4.4%. Read more …

Burger King is giving away 20 bitcoin, 200 ether, and two million dogecoin this month in partnership with trading platform Robinhood. “Each entrant may receive up to 21 Prize Codes” that can be redeemed for cryptocurrencies on Robinhood. ‘Burger King With a Side of Crypto’ Fast food restaurant chain Burger King has announced “Burger King with a side of crypto,” its newest offer for Royal Perks members. To be eligible to participate, customers must “make a minimum $5.00 pre-tax Burger Read more …

NYDIG has acquired Lightning Network payments app Bottlepay to integrate the Bitcoin second-layer to its platform. “We believe that the next chapter of Bitcoin will be about Bitcoin – big B – the network,” NYDIG said. The financial terms of the deal were not disclosed. Bitcoin-focused financial services firm NYDIG announced the acquisition of payments app Bottlepay, which leverages the Bitcoin Lightning Network to make small and frequent payments feasible for businesses and consumers in Europe. The deal’s financial terms Read more …

Its been less than six months since China’s May 2021 crackdown on bitcoin mining, resulting in the greatest shakeup in the network’s history. According to Cambridge University’s Center for Alternative Finance (CFAF), since May, the US has pulled into first place for bitcoin mining with 35% of the global hashrate, while China has gone from 45% to zero. Image Source Although Kazakhstan is currently in second place with 18% of the network’s mining, the small country is running out of energy and Read more …

In mid-October, Bitcoin.com News reported on how decentralized finance (defi) or algorithmic stablecoins have seen significant demand in 2021. One particular stablecoin called OHM is quite different from the traditional reserve currency defi protocols today, as OHM is a free-floating currency backed only by what’s held in the Olympus DAO treasury. OHM may not be backed by a U.S. dollar in the usual fashion, but the stablecoin’s $3.6 billion market valuation makes it the fifth-largest crypto reserve currency by market Read more …

“What happens if the government makes bitcoin illegal?” is a question you will frequently hear. The underlying assumption — the same one that Prohibitionists made in the early part of the last century — is that usage will decrease, or even stop altogether, if you make something illegal. But this is not necessarily so. On September 24, Chinese regulators issued two documents: One outlawed cryptocurrency mining, the other reiterated a ban on all cryptocurrency transactions and noted that all companies Read more …

sponsored Have you lost the password for a Dogechain.info wallet or have it locked behind 2FA and fear you will never get to hold your precious coins ever again? Good news, KeychainX wrote a handy guide on how to recover such wallets. This is a trusted service provider that specializes in recovering lost Bitcoin wallets from wallet.dat files, Dogecoin wallet passwords, Android wallet or spending PIN, Ethereum JSON files, presale wallets and can even decrypt blockchain.info 15,17,19 or 21 word Read more …

How do we define “education”? Is it something that can only be provided by a structured institution or certified individual (such as a teacher, or professor)? Do our parents and friends not teach us? Is it something an individual builds, or is it something one receives? Do we discover education, or do we mold it? Is it something that we grow? It isn’t tangible, yet, can you not receive it, exchange it and develop it? Education does not exist within Read more …