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RedeemGBTC Campaign To Host Shareholders Meetup At Miami Bitcoin Conference

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Grayscale Bitcoin Trust investors unsatisfied with the status quo will meet at Bitcoin 2023 in an effort to address issues they see in the Trust.

Disclaimer: BTC Inc. is the parent company of Bitcoin Magazine and the Bitcoin Conference.

The RedeemGBTC.com campaign, a grassroots movement to address the dissatisfaction many Grayscale shareholders have expressed in the management of the Grayscale Bitcoin Trust, has announced a pivotal shareholder meeting at Bitcoin 2023.  Read more...

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Empowerment Over Fear: Bitcoin, Home Birth And Responsible Sovereignty

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“I’ve gained a lot of sovereignty through … Bitcoin, and I’m equally grateful that my partner has done the same by choosing home birth.”

This is an opinion editorial by Conor Chepenik, an organizer for the Mass Adoption Bitcoin meetup and the father of a child who was born at home.

When my partner initially mentioned a home birth for our first child, I didn’t give it much thought. As a man, I had limited knowledge of what childbirth entailed. For my whole life, it seemed like common knowledge that giving birth in the hospital is just what you do because it’s “safe.” Luckily, my partner didn’t trust common knowledge, she went and verified for herself.  Read more...

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Self-Proclaimed Crypto ‘King’ Kidnapped And Tortured For Ransom – Details

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Self-professed crypto “king” Aiden Pleterski’s scheme was supposed to make him a fortune. Instead, it led to an ordeal that lasted for days. 

Pleterski was kidnapped and beaten by his captors, who demanded a hefty ransom, according to new details released earlier this month, recently obtained by CTV News Toronto.

According to the Canadian news outlet, a report spanning nearly 750 pages provides extensive information regarding the December incident in which Pleterski was purportedly kidnapped from downtown Toronto. It also described how the 23-year-old was held captive for three days as he was driven around southern Ontario.   Read more...

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Solanaland Set To Commence Pre-Sale Of Utility Token

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Solanaland, a Solana-based launchpad platform, has announced the upcoming pre-sale of its native utility token – $ SLAND.  According to a press release via GlobeNewswire on March 25, the ICO pre-sale is set to occur on popular launchpad protocol PinkSale beginning March 28, 2023. 

“We’re thrilled to be soon launching our utility token on Pink Sale”, according to the press release. “We’re creating an all-in-one ecosystem for Solana token launches, and we believe our platform will enable users to unlock the potential of low-cap tokens. Our launchpad is perfect for degens looking to explore new opportunities in the DeFi space.”  Read more...

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Texas House Introduces Bill To Boost Local Bitcoin Economy And Protect Rights Of Individual BTC Ownership

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A new bill introduced in the Texas House could set the state up to be the nucleus of Bitcoin development in the United States.

A bill that would fully protect and “welcome the Bitcoin economy.” has been introduced to the Texas State House of Representatives.

Sponsored by Rep. Cody Harris (R), and co-authored by the Bitcoin Policy Institutes’ Natalie Smolenski and Jason Brett, House Concurrent Resolution 89 describes how the Chinese government’s banning of bitcoin mining and trading in 2021 is an “authoritarian form of rule” that is “in complete opposition to the values of the United States.” This ban led to the quick migration of hash rate from China into the United States, mainly Texas, which has been reaping the benefits of the explosion in activity.  Read more...

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Binance Employees Reportedly Help Chinese Customers Bypass KYC Verification

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While Binance, the world’s largest cryptocurrency exchange in the industry has thrived to be as secure and transparent as possible following the FTX saga, some of its employees have reportedly been doing some elicit acts to dent the company’s reputation. 

According to an investigation conducted by CNBC, some employees at the exchange have been helping Chinese customers to bypass the Know-Your-Customer (KYC) verification process despite the region’s ban on the crypto market. 

Employees Allegedly Help Bypass Verification Process

CNBC’s report alleged that Binance’s billion-dollar worth of security protocol is being manipulated by some users in China with the help of some workers in the exchange. These acts were reportedly seen taking place in the Binance official Chinese language chat rooms which contain above 220,000 users.  Read more...

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First Ever Bitcoin Themed PEZ Dispenser Officially Launches

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The PEZ dispenser with a Bitcoin design has released in a limited-edition run of 30,000 units.

  • A Bitcoin-themed PEZ dispenser has officially launched.
  • Only 30,000 units will be produced.
  • The scarcity of units is meant to both mirror the scarcity of bitcoin and create the first Bitcoin-themed candy collectible.

The world’s first Bitcoin-themed PEZ dispenser has launched for a limited-edition run, per a press release sent to Bitcoin Magazine.

ProSnacktive Sales, a newly formed family-owned business, launched the product exclusively on Walmart Marketplace. The company is producing a hard limit of 30,000 units, mirroring the hard money scarcity of bitcoin.  Read more...

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Dogecoin: Libdogecoin Update Released For DOGE – But Will It Boost Memecoin’s Price?

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Dogecoin (DOGE), the beloved internet meme-turned-cryptocurrency, has once again caught the attention of crypto enthusiasts worldwide. This time, it’s all courtesy of the unveiling of a new Libdogecoin release version 0.1.2 by developer Michi Lumin, following weeks of teasing. 

The new update promises to bring about an array of improvements to DOGE’s capabilities, which could potentially have a significant impact on its price action in the coming months.

The latest development by Lumin, who is known for his contributions to the cryptocurrency space, is expected to further enhance DOGE’s reputation as a viable investment option.

 Read more...

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Bitcoin Hashrate Hits 400 EH/s As Miners Profit From Bull Market

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Bitcoin’s hashrate has continued its recent climb, riding to dramatic new highs. The leading digital asset by market cap has experienced a major bull run, bringing about positive sentiment. This has led to more miners plugging into the Bitcoin network, and a new all-time high of 400 EH/s in the past 48 hours. 

Bitcoin Hash Rate Touches New High 

The Bitcoin hashrate has been consistently increasing since the beginning of the year. Earlier in the week, the network added 40 EH/s hashrate reaching a peak of 350 EH/s. However, hours after the mining difficulty was adjusted on March 23, the hashrate spiked to astronomical levels. Between March 23rd and March 24th, the bitcoin hashrate recorded a new high of 400 EH/s, according to data from Mempool.   Read more...

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Why We Opened The Belgrade Bitcoin Hub

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With a rich history and recent evolution, Belgrade is now home to the latest Bitcoin working and presentation space.

This is an opinion editorial by Plumski, a native of Serbia and founder of the Belgrade Bitcoin Hub.

“What we now want is closer contact and better understanding between individuals and communities all over the earth, and the elimination of egoism and pride which is always prone to plunge the world into primeval barbarism and strife…”

–Serbian-American inventor Nikola Tesla.

As Bitcoin adoption grows at an unprecedented rate for a new technology, Bitcoiners are setting up physical locations around the world where enthusiasts can work and play in group atmospheres.  Read more...

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Billionaire VC Tim Draper Tells Businesses To Keep Payroll In Bitcoin

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Following the implosion of Silicon Valley Bank, Bitcoin price has been surging and businesses across the globe are restrategizing their finances as a result. 

Billionaire venture capitalist Tim Draper has published a list of recommendations for businesses in the new macro climate, in which he recommends companies keep a portion of cash in Bitcoin to cover payroll. 

Tim Draper Tells Businesses To Keep Payroll In Bitcoin

Things got complicated extremely quickly for business customers of Silicon Valley Bank. Big tech companies with millions and billions of dollars in the bank, are suddenly worried about their deposits.   Read more...

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Nasdaq Targets Mid-2023 For Crypto Custody Launch

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Nasdaq Inc., one of the world’s leading financial institutions and the company behind the popular Nasdaq Stock Exchange, plans to start offering crypto custody services by the end of the second quarter of 2023. 

According to a Friday report by Bloomberg, this development was revealed by Senior Vice President and Nasdaq Head of Digital Assets Ira Auerbach during an interview at the ongoing Blockchain Week Summit in Paris. 

Bloomberg further reports that Nasdaq is currently in the process of obtaining all required technical infrastructure and approvals from respective regulatory bodies.   Read more...

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How Will Bitcoin Adapt To Banking Uncertainty?

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As some of the cryptocurrency industry’s go-to banks failed, Bitcoin’s importance was on display while its on and off ramps suffered.

This is an opinion editorial by Karen Shidlo, a blockchain-focused content creator.

The recent news of Silvergate Capital, Silicon Valley Bank (SVB) and Signature Bank shutting down has sent ripples throughout the financial community. These three banks had become some of the most popular banking partners for cryptocurrency exchanges and companies, and their sudden closures left many in the industry scrambling to find new partners.  Read more...

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Crypto-friendly Custodia Bank Faces Setback As Fed Denies Application For Supervision

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The Crypto-friendly Custodia bank, founded by Caitlin Long, a well-known figure in the crypto industry, has been denied its application to come under the supervision of the U.S. Federal Reserve (Fed), according to an official announcement. 

The Board had previously announced the denial of the application. Still, the announcement confirmed that the order outlining the decision was not immediately available due to the need to review it for confidential information.   Read more...

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Nasdaq Eyeing Q2 2023 Release For Bitcoin And Crypto Custody Platform

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The exchange giant is joining Fidelity and BNY Mellon in the pursuit of their own cryptocurrency custody platform.

Nasdaq, an American stock exchange based in New York City, is reportedly looking at Q2 2023 for the release of its custody services for Bitcoin and other cryptocurrencies. 

In an interview with Bloomberg, Senior Vice President and Head of Nasdaq Digital Assets Ira Auerbach said that Nasdaq “is pushing ahead to get all the necessary technical infrastructure and regulatory approvals in place.”  Read more...

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Binance Halts Spot Trading After Matching Engine Glitch

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Binance, the world’s largest cryptocurrency exchange by trading volume, earlier today, on March 24, temporarily halted spot trading due to a matching engine glitch that disrupted the platform.

Bug Detected, Withdrawal And Depositing Halted

The CEO of Binance, Changpeng Zhao, popularly known as “CZ,” said they detected a bug during an analysis of a trailing stop order recovery. As a result, the exchange temporarily had to pause deposits and withdrawals, saying the decision was also part of their standard operating procedure (SOP).  

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Ripple CTO David Schwartz Calls Out SEC for Lack of Clarity On Crypto Regulations

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The recent Wells notice from the SEC to Coinbase has sparked another reaction from Ripple. In a recent tweet, Ripple’s CTO, David Schwartz, criticized the US Securities and Exchanges Commission for not clarifying cryptocurrency regulatory guidelines before attacking crypto firms.

Schwartz’s comment was in response to Paul Grewal, chief legal officer to Coinbase’s statement asking the SEC to provide rules for crypto in the United States. The Wells Notice comes amid several enforcement actions by the SEC on crypto firms alleging unregistered securities offerings.  Read more...

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What is a Wallet? Guide to storing Bitcoin

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After you receive bitcoin, you’ll need to store it in a secure digital wallet. This guide helps you understand what a wallet is and how there are different wallets to suit your needs.

A wallet is where you typically store your bitcoin after purchase, just like a physical wallet is used to keep your cash and cards.

Once you understand bitcoin and are ready to buy it, earn it or receive it as payment in exchange for goods and services, you should set up a wallet so that your counterpart has a digital address to send the bitcoin to.  Read more...

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Bitcoin-Friendly El Salvador Wants To Waive Taxes For Tech Innovation

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El Salvador wants to waive taxes to spur technology innovations after becoming the first country in the world to make Bitcoin legal tender two years ago.

Spurring Technology Innovation

President Nayib Bukele announced on Friday that he will send a bill to Congress next week to eliminate all taxes on software programming, coding, apps, artificial intelligence (AI) development, and computing and communications hardware manufacturing.

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Under A Bitcoin Standard, Legacy Institutions Will Adapt And Improve

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When bitcoin becomes the global reserve currency, central banks won’t go extinct, but they will have to evolve.

This is an opinion editorial by Jonathan Garner, a Bitcoin, finance and economics blogger at The Capital.

Legacy reserve currencies. Source.

If bitcoin were to really become a global reserve currency, that would mean that the U.S. dollar’s days would be done. What would our daily lives look like under a bitcoin standard? And what would that mean for bitcoin?  Read more...

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