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Bitcoin Education Can Be The Foundation For Global Change, But It Must Be Local

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Bitcoin education can change the world, but it has to be community-led, independent and focused on putting tools in students’ hands.

This is an opinion editorial by John Dennehy, founder of the My First Bitcoin education program based in El Salvador.

Community-led, independent, impartial Bitcoin education will change the world.

I know that most people would superficially agree on the importance of education, but to be honest, that is often just lip service. So, let’s break down why Bitcoin education matters so much and why we need to not only agree that it’s important, but to take action.  Read more...

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HRF Donates 2 Billion Satoshis To 10 Global Bitcoin Projects

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Various projects supporting censorship resistance and Bitcoin education have received funding from the HRF.

The Human Rights Foundation (HRF) has granted 2 billion satoshis, approximately $ 475,000, from the Bitcoin Development Fund to 10 global projects. The funding will support areas such as censorship-resistant communication, Bitcoin education in authoritarian regimes, core development and building local communities and education, with a focus on Africa and Southeast Asia. The grants include $ 100,000 to Qala, a fellowship program training the next generation of African Bitcoin and Lightning developers, allowing the program to continue their 13-week fellowship and sponsoring six Qala fellows to attend the Oslo Freedom Forum.  Read more...

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Crypto Regulation: Why Japan Is Urging Its Global Counterparts To Apply Crypto Rules To Banks

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During the early years of bitcoin wherein crypto regulation around the asset class was lax, Japan was among countries that traded and managed it. Mt. Gox, which was once known as the largest crypto exchange, was the home of the early Bitcoin in the Land of the Rising Sun.

But after the 2018 $ 500-million crypto hack on their local crypto exchange Coincheck, the Japanese government is now urging other countries to apply the same type of oversight on crypto to banks.

Japan Wants To Tighten Crypto Regulation

In an interview with Japan Times, Mamoru Yanase said the following:   Read more...

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Singapore’s Crypto.com to Layoff 20% Of Its Global Workforce

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Amid the mini bull run, massive layoffs between companies are still happening. Just in the past few weeks, a handful of crypto firms have reduced their workforce by a certain percentage, and the latest on the list today is Singapore-based cryptocurrency exchange, Crypto.com.

The company earlier today announced a global cut-off of its workforce, expressing how difficult it is to implement this decision. Kris Marszalek, Co-Founder & CEO of Crypto.com, said in a company update published Friday morning, “Today we made the difficult decision to reduce our global workforce by approximately 20%.”  Read more...

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Sino Global Capital Regrets Investing In FTX Exchange After Losing A Major Sum

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The crypto industry is witnessing another crisis with the distress of one of the top crypto exchanges in the space, FTX. More firms with exposure and collaborations with the exchange have started experiencing some constraints in their various activities.

Following the fall of FTX, the founder and CEO of the company, Sam Bankman-Fried (SBF), has lost its value as a billionaire in the space. With the decline in the FTX Token (FTT), several other crypto assets have been exposed to a bearish trend.  Read more...

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How The United States Weaponizes The Dollar To Retain Global Hegemony

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The dollar wrecking ball is hurting emerging markets and competing currencies alike. Will the U.S. be the last country to print the global reserve currency?

This is an opinion editorial by Luke Mikic, a writer, podcast host and macro analyst.

This is the first part in a two-part series about the Dollar Milkshake Theory and the natural progression of this to the “Bitcoin Milkshake.”  Read more...

Introduction

  • “The dollar is dead!”
  • “The Petrodollar system is breaking down!”
  • “The Federal Reserve doesn’t know what it’s doing!”
  • “China is playing the long game; the U.S. is only planning four years ahead.”
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Global Energy Consumption From Bitcoin Mining Is Just Over 0.10%

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One major argument against Bitcoin is the amount of energy used in mining new blocks. Regulators have gone all out to curb the proof-of-work blockchain’s energy consumption and reduce its environmental impact. However, the latest findings show that Bitcoin mining energy usage only accounts for a small portion of the world’s energy production.

The Bitcoin Mining Council (BMC) estimates the cryptocurrency’s energy consumption to be just 0.16% of the world’s total output. The organization, which accounts for 51 of the world’s largest mining companies, released this figure in its Q3 report.

However, the report also states an increase in the cryptocurrency’s energy consumption year-on-year.   Read more...

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Bitcoin Faces The Liquidity Steamroller Of Global Markets

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One of the most important factors in the market is liquidity. The global reduction in liquidity has sent asset classes to new lows and destroys wealth.

The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

Liquidity Is In The Driver Seat

By far, one of the most important factors in any market is liquidity — which can be defined in many different ways. In this piece, we cover some ways to think about global liquidity and how it impacts bitcoin.  Read more...

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Duh? Bitcoin? Study Shows Over 60% Of Global Population Are Ignorant About Crypto

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Bitcoin and cryptocurrencies, they’re not for everyone. At least, in the “knowledge” department. Despite their massive popularity, still, not everyone have heard – or know – about them. 

More and more people, organizations, and private companies are joining the bandwagon and getting involved in cryptocurrency. That’s not surprising.

At the same time, more people are also unaware that crypto exists. And that can be surprising.

Thus, talking about Bitcoin could sometimes get a bit out of hand especially now that a recent research shows over 60% of the world’s population have no idea what cryptocurrency is.  Read more...

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Crypto Exchange Huobi Global Will Sell Its Entire Stake To About Capital

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Huobi Global, which has been China’s top crypto exchange, has mentioned that its founder is now planning to sell his controlling stake to buyout firm About Capital Management (HK) Co.

Huobi has been altering itself ever since its exit from the home market after Beijing banned crypto.

At the current moment, the company is headed towards a takeover by an investment firm, About Capital.

According to the statement, after the completion of the transaction, the buyout vehicle of About Capital will control the majority stake of Houbi founder Leon Li.  Read more...

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How The State Of Global Markets Could Be Pushing The Federal Reserve To Adopt Bitcoin

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Analyzing the precarious positions of the world’s fiat economies can drive a conclusion that the Federal Reserve will have to adopt bitcoin.

This is an opinion editorial by Mike Hobart, a communications manager for Great American Mining.

Photo by Daniel Lloyd Blunk-Fernández via Unsplash

In the wee hours of the morning on Friday, September 23, 2022, markets saw yields on the U.S. 10-year bond (ticker: US10Y) spike up over 3.751% (highs not seen since 2010) shocking the market into fears of breaching 4% and the potential for a run in yields as economic and geopolitical uncertainty continued to gain momentum.  Read more...

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Bitcoin Down Under: Australia Bags 4th Spot In Global Crypto Adoption – Survey

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Bitcoin adoption has always been the subject of rigorous debates in many countries today.

With financial powerhouses such as the U.S. and China still taking a hard stance against cryptocurrencies, it remains to be seen if the adoption of crypto by different nations will reach its peak in the near future.

After all, the respective governments of the above-mentioned countries continue to associate digital assets like Bitcoin with illicit affairs.

But this does not necessarily mean that other countries will follow suit. In fact, there are nations that are slowly making the necessary steps to properly adopt crypto into their financial system.  Read more...

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Money, The State And The Global South: Alternative Roles For Bitcoin

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Bitcoin has various use cases and applications that shouldn’t be ignored for narratives that obscure more than educate.

This is an opinion editorial by Taimur Ahmad, a graduate student at Stanford University, focusing on energy, environmental policy and international politics.

Author’s note: This is the first part of a three-part publication.

Part 1 introduces the Bitcoin standard and assesses Bitcoin as an inflation hedge, going deeper into the concept of inflation.

Part 2 focuses on the current fiat system, how money is created, what the money supply is and begins to comment on bitcoin as money.  Read more...

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Immunify.Life Poised to Transform Global Healthcare with Real-World Blockchain Use Cases

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Immunify.Life leverages fast, secure, and cost-effective Cardano Blockchain to revamp patient data collection and provision

Infections and diseases kill millions of people around the world every year, but ineffective healthcare processes and policies have a significant negative impact on patient outcomes as well. From relapsed patients and delays in providing care to inaccurate patient data and misaligned incentives between different players in the healthcare space, the status quo is in serious need of redesign. With the security, reliability, privacy, and cost-effectiveness of blockchain technology, Immunify.Life is a transformative app that is tackling these challenges head-on. Read on below to learn more about how the Immunify.Life project is poised to become the high-impact health app the world needs today.  Read more...

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Bear Market Drives Global Crypto Jacking Volume, SonicWall Report Finds

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Per a report from security firm SonicWall, Crypto jacking has been soaring in 2022. This trend has been unaffected and probably has been boosted by the bearish price action recorded across the digital asset industry.

Related Reading | Binance CEO Sues Bloomberg Subsidiary For Publishing Defamatory Article

According to the definition of Crypto-Jacking by cyber security oriented website Cyberpunk:

(This) is an unauthorized use of someone else’s computer, tables, mobile phone or connected devices to mine cryptocurrency. Simple as that.

The report claims that global cryptojacking volumes increased by 66.7 million hits in the first half of 2022. This represents a 30% increase when compared to its 2021 levels over the same period.  Read more...

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U.S Fact Sheet On Global Crypto Regulation; Here’s What We Know

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The U.S Treasury Department has published a fact sheet which lays a framework for international engagement related to crypto. This fact sheet was published on Thursday.

It lays out how U.S plans on working with several foreign regulators to take up matters related to the crypto industry.

This fact sheet is the first report published by the department and it outlines on President, Joe Biden’s executive order.

The framework has been designed in such a way that it respects the democratic values of America. It also aligns with the objective of safeguarding consumer, investors, businesses and maintaining the safety of the global financial system and interoperability.  Read more...

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Is Bitcoin A Warning Sign For Global Deleveraging?

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Bitcoin has no lender of last resort for those who take undue risks. Bitcoin’s recent leverage cleansing is par for the course for a truly scarce asset.

The below is a direct excerpt of Marty’s Bent Issue #1228: “Deleveraging bitcoin before the world de-levers.” Sign up for the newsletter here.

The bitcoin market is in the process of going through a great deleveraging event. The process started last month when the Luna-Terra ponzi blew up spectacularly and was forced to liquidate approximately 80,000 bitcoin. The process accelerated last week when Celsius, Three Arrows Capital, and Babel Finance proved to be overextended in exotic high-yield token projects that crashed hard and, in the case of Babel, lending to those overextending in these projects.  Read more...

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