Bitcoin News / Bitcoin Magazine - 6 months ago
Commodity money is a form of money that derives an intrinsic value from its underlying commodity and the supply and demand dynamics. Gold and silver have been accepted as commodity money for centuries because of their scarcity and desirability.Commod...
Bitcoin News / Bitcoin Magazine - 6 months ago
Monetary DebasementDebasement refers to the action or process of reducing the quality or value of something. In relation to money, it traditionally refers to the practice of reducing the precious metal content in coins while keeping their nominal val...
Bitcoin News / Bitcoin Magazine - 6 months ago
The recent outcome of the 1st round in the elections in Argentina, will send Sergio Massa and Javier Milei into the 2nd runoff round. Javier Milei a Libertarian recently entering the political arena as an outsider, will compete for the presidency wit...
Bitcoin News / Bitcoin Magazine - 6 months ago
Cryptocurrency exchange Kraken is sending a letter to clients notifying them that after losing a lengthy court case, they will need to turn over sensitive data to the Internal Revenue Service (IRS) after a legal battle that began in May 2021. Surfaci...
Bitcoin News / Bitcoin Magazine - 6 months ago
This is a guest post by Ray Youssef. Views expressed are his own and do not necessarily reflect those of BTC Media or Bitcoin Magazine.This article is featured in Bitcoin Magazine’s “The Withdrawal Issue”. Click here to subscribe now.A PDF pamphlet o...
Bitcoin News / Bitcoin Magazine - 6 months ago
I write this article as a resident of New York City, home of the Statue of Liberty, one of the most widely recognized symbols of America — the “land of the free”.But, when it comes to Bitcoin, I don’t feel so free as a New Yorker.New York State (NYS)...
Bitcoin News / Bitcoin Magazine - 6 months ago
Bitcoin has risen over 110% in 2023 at the time of writing, where the price of the asset started the year off at $16,677 on January 1, has now pumped to above $35,000 only 10 months later. With more room to run this year as hype builds in the market...
Bitcoin News / Bitcoin Magazine - 6 months ago
One of the fundamental limitations of the Lightning protocol is how payment routing is handled and accomplished. It is entirely source routed, meaning that the sender of a payment is the one who constructs the entire route from themselves to the rece...
Bitcoin News / Bitcoin Magazine - 6 months ago
In the face of ongoing challenges to our cherished freedoms, it is imperative to critically examine the forces at play that threaten the very fabric of democracy. The ideals of freedom and open markets are at risk of being undermined by influential p...
Bitcoin News / Bitcoin Magazine - 6 months ago
In the face of ongoing challenges to our cherished freedoms, it is imperative to critically examine the forces at play that threaten the very fabric of democracy. The ideals of freedom and open markets are at risk of being undermined by influential p...
Bitcoin News / Bitcoin Magazine - 6 months ago
FinCEN’s Proposal of Special Measure Regarding Convertible Virtual Currency Mixing, as a Class of Transactions of Primary Money Laundering Concern would criminalize Bitcoin privacy tools under the suspicion of money laundering. The proposal cites Sec...
Bitcoin News / Bitcoin Magazine - 6 months ago
MicroBT, a prominent Bitcoin mining hardware manufacturer, made an industry-leading announcement in hash efficiency at the Blockchain Life 2023 event in Dubai. The company unveiled its latest generation mining rigs, the Whatsminer M60 series, encompa...
Bitcoin News / Bitcoin Magazine - 6 months ago
So a lot of noise has been made around the Lightning vulnerability recently disclosed by Antoine Riard. Many people are claiming the sky is falling, that Lightning is fundamentally broken, and nothing could be further from the truth. I think part of...
Bitcoin News / Bitcoin Magazine - 6 months ago
"Store your wealth in Bitcoin."That was the message give by& Ricardo Salinas, a prominent billionaire and the honorary chairman of TV Azteca, in an exclusive interview with Bitcoin Magazine reporter Isabella Santos last week. The rare sit-down in...
Bitcoin News / Bitcoin Magazine - 6 months ago
Is El Salvador’s Orange Enlightenment Only One Leader Deep?The world is witnessing a miracle unfold in the beautiful country of El Salvador. In just the first four years of president Nayib Bukele’s presidency, the smallest Central American country an...
Bitcoin News / Bitcoin Magazine - 6 months ago
They say time heals all wounds – not in Bitcoin.As documented by& Bitcoin Historian Pete Rizzo, tomorrow marks the 12th anniversary of a now-infamous tweet by Nick Allen back in 2011, one that demonstrates the remarkable growth and resilience of...
Bitcoin News / Bitcoin Magazine - 6 months ago
In recent years, Bitcoin has been making waves as a transformative force in the world of finance. Its decentralized nature and potential for economic disruption have caught the attention of many, including Mexican businessman Ricardo Salinas. Salinas...
Bitcoin News / Bitcoin Magazine - 7 months ago
In recent weeks, the Salvadoran media has been abuzz with speculation that Bitcoin Country President Nayib Bukele will step down from his current role to pursue a second term in office. This move hinges on obtaining a special license from the Salvado...
Bitcoin News / Bitcoin Magazine - 7 months ago
Renowned financial educator and author of the best-selling book "Rich Dad Poor Dad," Robert Kiyosaki, has once again made a bold prediction regarding the future of Bitcoin, suggesting that the cryptocurrency's price is on a trajectory to reach $130,0...
Bitcoin News / Bitcoin Magazine - 7 months ago
In a surprising twist in Argentina's presidential election, pro-Bitcoin candidate Javier Gerardo Milei has emerged as a formidable contender, forcing a run-off election against current Economy Minister Sergio Massa after the first round of voting.Jav...
Bitcoin News / Bitcoin Magazine - 7 months ago
Relai, a European non-custodial Bitcoin wallet with broker services incorporated in the app, is announcing their integration of Lightning functionality today at the Plan B conference in Lugano. Lightning support will initially roll out as a closed in...
Bitcoin News / Bitcoin Magazine - 7 months ago
Yesterday’s FinCEN rule proposal is incredibly overbroad, comprehensive, and perfectly designed to allow arbitrary information collection at any scope they choose to enforce. It truly is a mind-blowingly large grab attempt at private information of a...
Bitcoin News / Bitcoin Magazine - 7 months ago
From the very first days of Bitcoin, the community was its key driving force. Even more: it was the only one.Without any marketing or PR, it was the community that helped transform the anonymous 9-page whitepaper from an obscure cypherpunk list into...
Bitcoin News / Bitcoin Magazine - 7 months ago
With the advent of software development kits like BDK and LDK, building a bitcoin wallet has never been easier. However, as much as easier development is necessary, it's important to build in a way that protects user security and privacy by default....
Bitcoin News / Bitcoin Magazine - 7 months ago
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....
