Month: January 2022

The launch of the Lightning payments app Strike in Argentina generated a lot of confusion on Twitter after customers started downloading and using it to find out they didn’t get an actual Bitcoin wallet. Despite the muddiness, however, the Strike launch there resembles the same dynamic the company resorted to in its first iteration in El Salvador, as it also uses the USDT stablecoin to represent U.S. dollars and interacts with Bitcoin and Lightning without holding a BTC balance. Strike’s Read more …

The main finance industry association of Russia has urged authorities to reconsider a position against crypto investments in the nation’s financial market strategy. The organization insists that the crypto investments of Russians should be brought out of the “gray zone” instead of being banned. Finance Industry Body Urges Government to Regulate Operations With Crypto Assets The Russian National Financial Association (NFA) has issued a call to amend the country’s Strategy for Development of the Financial Market of the Russian Federation Read more …

Africa is leading the way for global Bitcoin adoption — pioneering the first truly peer-to-peer movement on the ground. While many parts of the developed world are fixated on the speculative activity of bitcoin, people in Africa are teaching us about its true use cases and the opportunity it presents for greater financial inclusion of the underbanked. Much of history is rooted in the Western narrative that paints a negative picture of Africa, associating the continent solely with poverty, disease Read more …

A solo miner with only 116 TH of hashrate capacity found a valid block on Thursday to take home a 6.25 BTC reward worth over $267,500 at the time of writing, only a couple of days after another individual miner had made the same achievement. Both miners are part of the Solo CK bitcoin mining pool. “Congratulations to yet another small miner solving a block solo with only 116TH on http://solo.ckpool.org! They haven’t even been mining a week with this Read more …

One of the hottest topics in the United States in 2022 is the rising inflation, as the U.S. Labor Department’s data published on Wednesday indicated that the consumer price index (CPI) rose to 7% in December. This represents the largest annual jump since 1982. Federal Reserve governor Lael Brainard is set to tell congressional leaders today that the central bank is focused on battling inflation. Moreover, members of the Democratic party are concerned that the rising inflation may cost the Read more …

Latin American real estate platform La Haus has made its first home sale for bitcoin two months after it announced it would start accepting the peer-to-peer currency as payment for property sales in Colombia and Mexico. A Peruvian woman exchanged 5.78 BTC for an exclusive apartment located in one of the most highly valued areas of the city of Tulum, Mexico’s Riviera Maya, the company announced on Wednesday. “One of the aspects that most seduced us when incorporating this payment Read more …

Following Mozilla’s decision to pause crypto donations due to environmental concerns, a number of Wikimedia Foundation community members have submitted a proposal that asks the foundation to stop accepting digital currency donations. The proposal explains that crypto donations “signals [an] endorsement of the cryptocurrency space,” and also says that “Cryptocurrencies may not align with the Wikimedia Foundation’s commitment to environmental sustainability.” Proposal Claims Cryptocurrencies May Not Align With the Wikimedia Foundation Members of the Wikimedia Foundation are voting on a Read more …

Listen To This Episode: “Bitcoin Bottom Line” podcast host C.J. Wilson presented a solo episode to break down the topic of open-source software. The concept of Bitcoin being an open-source software projects means that everything about Bitcoin must have visibility and auditability, meaning that anyone, including average non-coders, has access to download the entire language. This encourages folks to participate in an open, Socratic manner, having conversations with logic and not necessarily emotion. Wilson explained the BIP process, which sees Read more …

A record high consumption of electricity blamed on illegal crypto farms in northwestern Georgia has caught the attention of authorities in the capital Tbilisi. The central government and the local utility are taking on the issue of dealing with power shortages in the mountainous region of Svaneti. With Tourism Hit by Pandemic, People in Georgia Turn to Crypto Mining on Cheap Energy The government of Georgia, a small nation in the Caucasus, has joined forces with the energy distribution company Read more …

press release PRESS RELEASE. Zug, Switzerland, 13th January 2022: As part of its strategic business objective to become the leading gaming technology company, GAIMIN announces a plug-in and metaverse environment that enables blockchain technology and NFTs to be used within Minecraft. GAIMIN has developed a gaming and technology platform that delivers blockchain and NFT technology to gamers and game studios whilst providing a mechanism for gamers to passively generate rewards based on the processing power of their gaming PC. The Read more …

Real Bedford F.C., the first football club to operate on a Bitcoin standard, will self-custody its BTC treasury with the help of Bitcoin security company Casa. The U.K.-based club was bought by Bitcoiner and host of the What Bitcoin Did podcast, Peter McCormack, in December 2021 with the goal to leverage Bitcoin to eventually become part of the elite of English football. Real Bedford currently competes in the Spartan South Midlands Football League, and McCormack believes bitcoin can pave the Read more …

On January 11, 2022, the Washington-based bitcoin mining operation Luxor announced the launch of a new application-specific integrated circuit (ASIC) trading desk. According to the company, Luxor’s new trading desk will give miners and investors access to bitcoin ASIC mining rigs “at a fair market price.” NYDIG-Backed Mining Operation Luxor Reveals ASIC Trading Desk Service The bitcoin mining firm Luxor aims to purchase and sell bitcoin mining machines via the company’s new ASIC trading desk service. The press release published Read more …