Skip to main content

Posts

Showing posts from February, 2020

Crypto Community Gets Prepping as Coronavirus Spreads

Crypto Twitter (CT) might not be the first place you’d think to look for pandemic survival strategies, but in recent weeks the community has gone into overdrive, busily discussing scenarios related to COVID-19 aka the coronavirus. While some figures have merely wondered what effect the outbreak will have on the bitcoin market, others have started comparing prep notes in anticipation of doomsday. Also Read: Bitcoin and Doomsday Preppers – Would Crypto Have Any Survival Value If SHTF? Crypto Twitter: Corona Takeover Messari founder Ryan Selkis was one of the first major figures from CT to get under the hood of this thing: on February 10 he expanded Messari’s daily newsletter to include the latest coronavirus developments. Mentioning that he had prepared a “what if” disaster plan complete with supplies, travel protocol, and even Messari policy changes, Selkis linked readers to a shared gdoc which summarized the outbreak, provided historical background and real-time updates, and wa...
Post a Comment
Read more

This Is How Much BTC You Need to Enter Bitcoin’s Elite 1% Club

Today there are 18,244,475 BTC in circulation and during the last few weeks, a number of bitcoin influencers have been talking about how much is needed to be included in Bitcoin’s top 1% of holders. For instance, according to Blockworks Group analyst Jake Levison, if you own 0.28 BTC “you’re statistically guaranteed to be in the richest 1% of the world in BTC terms.” Regardless of the amount of BTC required to qualify as a one-percenter, it’s a debate that has raged on for years. Also read: 13 Crypto Debit Cards You Can Use Right Now Members Only: Is 0.28 BTC All It Takes to Make the Bitcoin 1%? On February 18, Blockworks Group analyst Jake Levison tweeted about what it takes to make it into the top 1% of bitcoin holders worldwide. “If you own 0.28 BTC , you’re statistically guaranteed to be in the richest 1% of the world in BTC terms,” explained Levison. Despite the fact that the tweet received 1.5K likes, not everyone agreed with Levison’s estimate. “Maybe earlier, in 2030...
Post a Comment
Read more

A Sea Change to Crypto Hits America, Again

A sea change is coming to cryptocurrency in America. It is likely to hit in two separate waves: a central bank digital currency (CBDC) and draconian regulation that shuts down free-market activities, including development. Also Read: No Backdoor on Human Rights: Why Encryption Cannot Be Compromised The Wave of a Central Bank Digital Currency Robert Wenzel of the Economic Policy Journal has a warning . “ A [U.S.] Federal Reserve created digital coin could be one of the most dangerous steps ever taken by a government agency. It would put in the hands of the government the potential to create a digital currency with the ability to track all transactions in an economy—and prohibit transactions for any reason. In terms of future individual freedom, this would be a nightmare.” If recent statements by American lawmakers and bureaucrats are an indication, however, state-issued crypto seems to be on its way. A shift in attitude on CBDC is in the air. Consider Federal Reserve Governor Lael...
Post a Comment
Read more

These Maps Will Help You Locate Merchants Ready to Accept Your Cryptocurrency

Getting into Bitcoin is a first step many have already taken, and with the generally positive start of 2020, more are likely to make the move. But then there’s the question of what to do with your coins. Regardless of how you obtained them – through purchase, faucet, airdrop, fork, business, or salary — it’s an important point to consider. Luckily, options to spend your cryptocurrency have been increasing. Here’s how to find places that accept decentralized digital money using online maps. Also read: How to Find Your Nearest Bitcoin ATM Merchant Maps Show You Where to Spend Your Bitcoin Interactive online maps are the most intuitive way to find anything these days, including merchants that are willing to take your crypto for whatever they sell. And while Google Maps can help you locate a few businesses dealing with cryptocurrencies near you, other platforms are far more specialized. Coinmap.org is one of them, as its website allows crypto companies to share their coordinates for...
Post a Comment
Read more

Bitcartcc’s Merchant Solution: Developer Builds Self-Hosted Btcpay Alternative Supporting Bitcoin Cash

On February 28, Bitcoin Cash ( BCH ) proponents were introduced to a new platform called Bitcartcc. The project is a self-hosted open source payment processor that allows merchants to accept bitcoin cash easily. Bitcartcc was created because the developers behind the popular application Btcpay refuse to add support for BCH . Bitcartcc was built so anyone can leverage a “light and fast solution” for accepting bitcoin cash payments. Also read: Record Breaking Interest – Observing the Predictive Power of Bitcoin Futures Over BTC Spot Prices Bitcartcc: Self-Hosted, Open Source Payment Processor With Bitcoin Cash Support A new self-hosted open source payment processor called Bitcartcc was unveiled on Friday, as the application’s creator announced the project via the read.cash blog . The developer’s announcement explained that the well known Btcpay server, another open source payment processor, refuses to implement bitcoin cash (BCH) support and they believe the organization won’t be ...
Post a Comment
Read more

Sharia Compliance in Bitcoin – What It’s All About, and Why Exchanges Like Beldex Seek Muslim Traders

Money is a critical part of everyone’s life, and for the religious it is even viewed as a matter of eternal consequence. While those on the outside may be unaware of the importance finance takes on in circles of faith, these beliefs nonetheless affect and impact the businesses and economies of market actors everywhere, regardless of worldview. This post seeks to examine the background of what is known as Sharia compliance in crypto, looking at the relationship between bitcoin use and Islamic religious law. Also read: Record Breaking Interest – Observing the Predictive Power of Bitcoin Futures Over BTC Spot Prices What Is Sharia Law? At its most fundamental, Sharia law can be described as the law of the Islamic religion. While interpretations of what is and isn’t “Sharia-compliant” can vary, there is still a pressing need perceived by practicing Muslims to abide by Sharia, or “the way.” As such, even topics like bitcoin have been addressed and clarified in the context of the faith. ...
Post a Comment
Read more

Record Breaking Interest – Observing the Predictive Power of Bitcoin Futures Over BTC Spot Prices

Bitcoin futures providers have been seeing a lot of action during the last two weeks as cryptocurrency markets have been extremely volatile. Data shows there’s been significant open interest on both retail and institutional bitcoin derivatives exchanges and Skew research noted bitcoin options open interest was just shy of $1 billion on Monday. Two days later, CME Group reported that open interest in CME Bitcoin Futures touched a record high of over 6,600 contracts and there’s nearly 300 new trading accounts that have been added this year. Also read: Bitcoin’s $10k Value Pushed Down by CME Futures Price Gap Skew.com: ‘Spot Market Corrections Follow the Number of Outstanding Bitcoin Futures Positions’ BTC spot markets and bitcoin derivatives exchanges have seen notable price movements recently and a few speculators believe these two types of markets are well connected. During the first week of January 2020, bitcoin futures touched a three-month high and aggregated daily bitcoin der...
Post a Comment
Read more