A series of op eds by Kyle Torpey addressing some of the oft-repeated arguments against Bitcoin. One of the earliest criticisms of Bitcoin was that the underlying token in the system had no intrinsic value. This point was an area of heavy debate among libertarians and Austrian economists who had become interested in bitcoin as…
This article was originally published by 8btc and written by Vincent He. Although China has shut down bitcoin trading platforms and deemed them illegal, its attitude toward bitcoin mining is still ambiguous. Now, 70 percent of the world’s bitcoins are produced in China, while 70 percent of China’s “stock” are in Sichuan, a western province…
About two months ago, Lightning Labs released Lightning Loop, a service that allows users to fill or empty Lightning channels without closing them, thus reducing on-chain fees. The service, developed by Lightning Labs developers Alex Bosworth and Bryan Vu, was created to help users manage their liquidity. The Loop service, says Bosworth, is helpful for…
Dave and Grahm are back with news and price narratives around 2019’s top-performing financial asset. This week’s stories include mainstream media’s Bitcoin FOMO, the real story of Laszlo Hanyecz (the guy behind Bitcoin Pizza Day), Dutch authorities taking down Bestmixer, Tether being partially backed by bitcoin and what Libertarian politician Ron Paul thinks about the…
This article was originally published by 8btc and written by Lylian Teng. Some Chinese listed companies have jumped on the bandwagon of bitcoin mining following the bitcoin bull run throughout 2017, either under the guise of cloud computing or providing mining hosting services, in an effort to bypass regulations considering the country’s tough stance on…
Crypto lender BlockFi is rolling out support for the gemini dollar (GUSD) stablecoin, claiming an expected initial annual percentage yield (APY) of 6.2 percent for non-U.S. customers. Founded in late 2017, BlockFi is a U.S.-based startup company that issues loans backed by various cryptocurrencies to its users. This practice allows users to generate cash flow…
Bitcoin Price Analysis: Bitcoin Could See Continued Growth if Support Holds | Bitcoin Magazine <img src=”https://d5nxst8fruw4z.cloudfront.net/atrk.gif?account=qmvEl1aAFUE06C” style=”display:none” height=”1″ width=”1″ alt=”” /> NOW READING: Bitcoin Price Analysis: Bitcoin Could See Continued Growth if Support Holds OPINION by Bitcoin Schmitcoin Bitcoin Price Analysis: Bitcoin Could See Continued Growth if Support Holds Summary: Bitcoin is currently perched between…
Argentina’s Failed Peg In the 1990s, the Argentine peso was pegged to the U.S. dollar. This meant that the Argentine government guaranteed that anyone could exchange one Argentine peso for one U.S. dollar. If you had 1,000 Argentine pesos in your bank account, you could walk into the bank and ask for US$1,000 and the…
October 1, 2018, marked five years since I was imprisoned. My physical surroundings today are ironically similar to what they were after my arrest back in 2013. I’m in the SHU again (Special Housing Unit, aka “the hole”). It means permanent lockdown, separated from the general prison population, in a small cell. There is a…
Things you can buy with bitcoin: AT&T’s services, airfare, pretty much anything using gift cards through Bitrefill, pizza, drugs (duh) and now, Indigenous Australian art. Yes, you read that right. The Indigenous Fine Art Gallery (IFAG) in Australia now accepts bitcoin for its “museum-quality art from Australia’s most collectible Indigenous artists.” This puts the IFAG…