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Bitcoin Futures Update: Bakkt Testing, CME Breaks Records, and a $100K Call Option

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Bitcoin Futures Update: Bakkt Testing, CME Breaks Records, and a $ 100K Call Option

Over the last few months, the interest surrounding cryptocurrency derivatives products has been growing fast. For some time now, open interest in CME’s bitcoin futures has been breaking records. Bakkt’s futures platform began testing contracts on Monday and the company says there are participants from all around the world. Elsewhere, bitcoin derivatives provider Ledgerx is listing a huge $ 100K call option with a December 2020 expiry.

Also read: Honestnode Founder Discusses the First Stablecoin Built on Bitcoin Cash  Read more...

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Indian Government Unveils Draft Crypto Bill Ahead of Supreme Court Hearing

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Indian Government Unveils Draft Crypto Bill Ahead of Supreme Court Hearing

The Indian government has officially released the report by the interministerial committee tasked with proposing crypto measures. The announcement came one day before the country’s supreme court was scheduled to hear the writ petitions against the crypto banking restriction. The report contains the draft bill which proposes a ban on cryptocurrency.

Also read: G20 Leaders Issue Declaration on Crypto Assets – A Look at Their Commitments

Draft Bill Now Public, Supreme Court Hearing Delayed

The Indian supreme court was scheduled to hear the crypto case on July 23. It was expected to address the banking restriction by the central bank, the Reserve Bank of India (RBI). However, the case was not heard by the court on Tuesday.  Read more...

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Privacy Is a Human Right Worth Fighting For

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Digital Privacy Is a Human Right Worth Fighting For

Privacy is a basic human right. It’s there in Article 12 of the Universal Declaration of Human Rights: “Freedom from Interference with Privacy, Family, Home and Correspondence.” Attaining that right in an era of dragnet surveillance, mass data breaches, state-sponsored hacks and big tech overreach, however, is a Herculean task. As the digital privacy fight heats up, crypto protocols are emerging as a new battleground where the right to anonymity will be won and lost.

Also read: Chainalysis Whistleblower Shares Company Secrets in Explosive AMA

From Data Drought to Tsunami in 40 Years

In 1973, the internet looked like this:  Read more...

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The Myth of Authority: Mnuchin Denies USD Is Used Criminally

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The Myth of Authority - Steven Mnuchin Claims Nefarious Activities Not 'Successfully Done' With Cash

U.S. Treasury Secretary Steven Mnuchin has once again weighed in on bitcoin, claiming the U.S. dollar has not been used to finance “nefarious” activity on a recent episode of CNBC’s Squawk Box. Democratic House Representative Maxine Waters also dropped a tasty nugget of a soundbite as well, sharing her thoughts on “bitcom” and the need for regulation. Such blatant demonstrations of economic imcompetence being so frequent recently, bitcoiners worldwide are left wondering about the nature of centralized regulation and the concept of authority itself.

Also read: Deutsche Bank Collapse Could Crash Global Financial Markets  Read more...

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Honestnode Founder Discusses the First Stablecoin Built on Bitcoin Cash

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Honestnode Founder Discusses the First Stablecoin Built on Bitcoin Cash

On June 12, the Honestnode team announced the release of a new stablecoin project built on top of the Bitcoin Cash network called Honestcoin (USDH). The new token was made using the Simple Ledger Protocol (SLP) and recently launched on the cryptocurrency trading platform Coinex. This week news.Bitcoin.com spoke with the founder of Honestnode, Jian Shi, to learn more about this new stablecoin.

Also read: Coinex Exchange Lists the first SLP-Based Stablecoin Built on Bitcoin Cash  Read more...

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How Big Hydro Power Partners With Bitcoin Miners to Prevent Energy Waste

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How Big Hydro Power Deals With Bitcoin Miners Prevent Energy Waste

We are often told that the verification of bitcoin transactions eats a lot of energy. The largely inaccurate comparison to a small country, the size of Ireland or Denmark, is evoked thanks to numerous clickbait headlines. What mainstream media fails to explain, however, is that bitcoin mining is actually helping electricity producers prevent energy waste. Hydropower plants, for example, can generate and sell much more electricity during rainy seasons in some regions or when snow melts in others. Wastage can be mitigated through a symbiosis with bitcoin farms, at no additional cost for the environment.  Read more...

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Money and Democracy: How the Elite Manipulated Ledgers and Created a Social Ranking System

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Money and Democracy: How the Elite Manipulated Ledgers and Created a Social Ranking System

Money is one of the most important but least understood manmade tools in existence. For more than 5,000 years humans have used a tool of exchange called money to facilitate trade. During this timespan, the evolution of money has evolved into a system of information, a social contract, and a ranking system.

Also Read: IRS Agents Propose Draconian Tactics to Investigate Bitcoin Users  Read more...

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How the Blockchain Stops Cheaters: Cryptocurrency and Provably Fair Gaming

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How The Blockchain Stops Cheaters - Cryptocurrency Allows Provably Fair Gaming

Online casinos and betting sites have proliferated since the first of their kind came on the scene in 1994. Thanks to the convenience of playing from home, the allure of winning real money, and a degree of privacy, these popular sites continue to evolve. There have been major problems, though, regarding perceived fairness and randomness of play. Blockchain technology offers a solution in provably fair gaming, taking trust out of the picture almost entirely.

Also read: Why You Can’t Bet With Bitcoin at Online Casinos in the US  Read more...

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Deutsche Bank Collapse Could Crash Global Financial Markets

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German financial services giant Deutsche Bank AG is one of the largest and most important economic institutions in the world. Mainly due to self-imposed scandals, the bank is now having to taking drastic measures to stay afloat. Investors everywhere should note that if such a critical piece of the too-big-to-fail banking system falters, it could trigger another global financial crisis.

Also Read: Global Crypto War Is Heating up – Iran Next in Line With Its Own Gold-Backed Coin  Read more...

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Crypto Bullishness Spreads on Capitol Hill

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Cryptocurrency Bullishness Spreads on Capitol Hill

U.S. Congress has shown that it is starting to care about cryptocurrency as a number of lawmakers spoke up in favor of it this week. “The world Satoshi Nakamoto had envisioned is an unstoppable force” and “there’s no capacity to kill bitcoin” are some of the comments made by lawmakers. Meanwhile, the Fed chair said bitcoin is a store of value like gold and admitted that an era of many different currencies could return with the wider adoption of cryptocurrency.

Also read: G20 Leaders Issue Declaration on Crypto Assets – A Look at Their Commitments  Read more...

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Why You Can’t Bet With Bitcoin at Online Casinos in the US

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Why You Can't Bet With Bitcoin Using Online Casinos in the US

Since the dawn of Bitcoin, the cryptocurrency landscape has seen a lot of digital currency gaming websites where users can wager their coins in games like poker, dice, blackjack and slots. Because public blockchains are transparent, the protocols have made online gaming provably fair. However, throughout most states in the U.S., residents cannot participate in online gambling as politicians from the ‘Land of the Free’ stop them from making bets with their own money.

Also read: Bitcoin Cash Milestones: Delivered Code, Upgrades and Platform Development  Read more...

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7 Unorthodox Ways to Mine Bitcoin

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7 Unorthodox Ways to Mine Bitcoin

Bitcoin isn’t crazy – in fact it might just be the soundest monetary system this generation has ever known. Some of the techniques miners have devised to extract it, however, are extremely unorthodox, ranging from the ingenious to the downright crazy. Here are seven of the strangest attempts at extracting bitcoin ever conjured.

Also read: Bitcoin Mining Helps Oil Companies Reduce Carbon Footprint  Read more...

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G7 Agrees on Crypto Action Plan Spurred by Facebook’s Libra

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G7 Agrees on Crypto Action Plan Spurred by Facebook's Libra

G7 finance chiefs met this week and Facebook’s Libra cryptocurrency was high on their agenda. They agreed on several crypto initiatives and fast regulatory responses to projects such as Libra, calling for them to meet the highest standards of financial regulation.

Also read: G20 Leaders Issue Declaration on Crypto Assets – A Look at Their Commitments  Read more...

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Bitcoin Cash Milestones: Delivered Code, Upgrades and Platform Development

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Bitcoin Cash Milestones: Delivered Code, Upgrades, and Platform Development

Bitcoin Cash (BCH) platform and protocol development have seen a lot of delivered code and projects over the last two years. The upgrades will help Bitcoin Cash scale to the masses, and many of the added features are protocol developments that are unique to BCH.

Also read: Indian Government Breaks Silence on Crypto Regulation  Read more...

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Hayek’s 1984: Rediscovered Footage Shows Austrian Economist Predicting Bitcoin

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Hayek's 1984: Rediscovered Footage of the Austrian Economist Predicting Bitcoin, Prescribing Subversion

Born in 1899 in Vienna, Nobel Prize-winning economist F.A. Hayek is a legend of sorts in voluntaryist, libertarian, and crypto-economic circles. Freshly rediscovered video footage of the Austrian School philosopher and social theorist from 1984 is now making the rounds on crypto Twitter. In a stunning soundbite of an already well-known quote, Hayek declares that the only way to return to sound money is to take it out of the hands of government. He goes on to describe in spine-chillingly fortuitous fashion a money that requires no permission, and no central “authority.”  Read more...

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Ethereum’s Wrapped Bitcoin Set to Eclipse Lightning Network Capacity

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Ethereum's Wrapped Bitcoin Set to Eclipse the Lightning Network's Capacity

Since the project launched a little over six months ago, Wrapped Bitcoin (WBTC) has roughly $ 5.9 million or 558 BTC locked into the system. At the rate WBTC’s token contract is climbing, the project is close to surpassing the Lightning Network’s capacity in the near future.

Also read: The ”Wrapped Bitcoin” Project Has Now Officially Launched on Ethereum  Read more...

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Bitcoin Mining Helps Oil Companies Reduce Carbon Footprint

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Burning Wasted Gas to Mine Bitcoin Promises to Become a Booming Business

Natural gas acquired as a byproduct of oil extraction has become synonymous with wasted energy. In certain areas, drilling companies are unable to find a profitable market for the excess fuel. It’s often vented into the atmosphere. Startups are now offering on-site systems that utilize the surplus to mine cryptocurrencies. This new business is growing in regions where shale oil and gas extraction are major industries.

Also read: Georgia Exempts Bitcoin From VAT to Become the Next Country to Affirm Its Currency Status  Read more...

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Indian Government Breaks Silence on Crypto Regulation

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The Indian government has finally spoken up about the regulatory framework for cryptocurrency it has been deliberating, providing answers to questions presented in the upper house of the Parliament of India. The government also confirmed that the report with the recommended crypto regulation has already been submitted by the interministerial committee tasked with drafting the regulation.

Also read: G20 Leaders Issue Declaration on Crypto Assets – A Look at Their Commitments

Crypto Not Prohibited in India

At a sitting on July 16 of the Rajya Sabha, the upper house of the Indian Parliament, five questions were directed at the Minister of Finance by Parliament member Shri Dharmapuri Srinivas regarding the “Prohibition of cryptocurrency” in India.  Read more...

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Lightning Network’s Antifraud Methods Inferior to Nakamoto Consensus, Research Shows

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Lightning Network's Antifraud Methods Inferior to Nakamoto Consensus, Research Shows

The Lightning Network, the touted scaling solution for the BTC chain, has recently seen its capacity decrease significantly and the beta project is still best suited for a cliche of technically savvy users. Now according to an analysis by Bitmex Research, the Lightning Network’s nodes have taken 2.2 BTC in “justice transactions” even though the connections might not be dishonest.

Also read: Looking Beyond the Lightning Network Hype: Everyday Users Experience Issues  Read more...

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Market Outlook: Crypto Bulls Rally After Bearish Downturn

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Market Outlook: Crypto Bull Market Still in Play After Bearish Decline

Since July 13, digital currency prices have dropped in value significantly, but most coins have since experienced some recovery. While many crypto supporters are optimistic on where the markets are headed, traders and analysts have noticed a bullish-to-bearish trend. BTC and a slew of other currencies spiked more than 10% at 11 a.m. EST on Thursday, however, indicating the bull market is still in play.

Also read: Ignore Crypto Twitter – Life as a Nocoiner Isn’t That Bad  Read more...

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