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Crypto News Updates

Interview: Max Keiser And Stacy Herbert On Bitcoin 2021

Max Keiser and Stacy Herbert of the “Orange Pill” podcast discussed the upcoming Bitcoin 2021 event, being held in Miami on June 4 and 5.

Stacy Herbert and Max Keiser will be speaking during the Bitcoin 2021 conference in Miami on June 4 and 5. Make sure that you set a reminder for the Bitcoin 2021 day one YouTube live stream and one for the Bitcoin 2021 day two YouTube live stream now.

Watch Stacy Herbert and Max Keiser’s interview on YouTube.

In this interview, host Joe Rodgers sat down with long-time Bitcoiners Max Keiser and Stacy Herbert. Keiser and Herbert have been frontliners in spreading the good word of Bitcoin and, most recently, started a new podcast and Telegram community aptly named “Orange Pill.”

In addition to having the best legs in Bitcoin, Keiser will be sharing the stage with fellow ultra-bull Michael Saylor for one of the most anticipated keynote of Bitcoin 2021.

Herbert and Keiser share a noticeable displeasure for central banking. When asked about the most important topic to come out of Bitcoin 2021, they echoed each other in responses regarding Bitcoin decentralization being the big takeaway.

Keiser jokingly said that he will do his best to orange pill Saylor and I believe there will be fireworks. Worst case scenario is that we will see several thousand dollars destroyed on stage as a protest against central banks.

Keiser shares the stage with Saylor on June 4 at 10:40 a.m. and my advice to those of you who plan on catching this in person is get in the conference room early. This will be elbow room only.

Set Reminder for Bitcoin 2021 Day 1 YouTube Live Stream →

Source: Bitcoin magazine

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Crypto News Updates

Interview: Jimmy Song On Bitcoin 2021

Author of “Programming Bitcoin” Jimmy Song discussed his upcoming appearance at the Bitcoin 2021 conference being held in Miami June 4 and 5.

Jimmy Song will be speaking during the Bitcoin 2021 conference in Miami on June 4 and 5. Make sure that you set a reminder for the Bitcoin 2021 day one YouTube live stream and one for the Bitcoin 2021 day two YouTube live stream now.

View Jimmy Song’s interview on YouTube.

In this interview, host Joe Rodgers sat down with the author of “Programming Bitcoin” and co-author of “Thank God For Bitcoin,” Jimmy Song, to discuss Bitcoin 2021. Song is a long-time Bitcoiner and has spent the last couple of years focusing on education.

His “Programming Bitcoin” course has trained hundreds of Bitcoin developers, including Core contributors, so he has built a reputation as a great communicator and has a deep understanding of how Bitcoin works at a technical level. If you’ve spent any time on Clubhouse over the past year, you’ve probably heard Song in a room spitting fire to veterans and noobs alike.

When asked about what he is most looking forward to at Bitcoin 2021, Song’s answer was simple, it was to be around other Bitcoiners. He spoke about this as a once-in-a-lifetime type of event. There’s never been 10,000 Bitcoiners gathered together and something special will come out of this conference.

Song will share the stage on June 5 with fellow thinkers Robert Breedlove, Guy Hirsch and Guy Swann as they dig into the Moral Case For Bitcoin.

Set Reminder for Bitcoin 2021 Day 2 YouTube Live Stream →

If interested, Song is hosting a ”Programming Blockchain” two-day seminar on June 1 and 2 in Miami before Bitcoin 2021. Be sure to give Song a follow on Twitter, check out his books and say hello to him at the conference.

Song will share more about his outlook on Bitcoin during the Bitcoin 2021 conference in Miami on June 4 and 5. Make sure that you set a reminder for the Bitcoin 2021 day one YouTube live stream and one for the Bitcoin 2021 day two YouTube live stream now.

Join the #Bitcoin2021 party from anywhere in the world by joining our conversation on Telegram. Plus, be sure to subscribe to our newsletter to stay on top of the latest Bitcoin news and all the happenings at Bitcoin 2021.

Source: Bitcoin magazine

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Building Community In Bitcoin With Lamar Wilson

The co-founder of Black Bitcoin Billionaire spoke with us about what he’s looking forward to at Bitcoin 2021 and more.

Set a reminder for Bitcoin 2021 Day 2 YouTube Livestream →

In this mini interview, host Joe Rodgers sat down with Bitcoin 2021 speaker Lamar Wilson. Wilson has spent the past couple of years building the community and spreading the message about Bitcoin. During the pandemic of 2020, Wilson founded Black Bitcoin Billionaires on Clubhouse with fellow speaker Isaiah Jackson. This massive Clubhouse has one of the most dedicated followings and has daily meetups to talk about all things Bitcoin. It has been very impressive to watch and there’s no telling how many orange pills the group has passed out.

We spoke about how the world has changed since 2019 and Wilson told me what he’s most looking forward to at Bitcoin 2021. Wilson has a booming voice and great personality, but you probably won’t catch him at the conference watching the stage; he’ll be in the halls shaking hands with fellow Bitcoiners.

Wilson will share the stage at Bitcoin 2021 with his pals Isaiah Jackson, Nimrod Lehavi, Diana Pires and host Leigh Cuen as they talk about “Who is a Bitcoiner?” on June 4, 2021, at 1:10 p.m. EST.

Be sure to give Wilson a follow on Twitter and join the Black Bitcoin Billionaire Clubhouse. If you see him at the conference, say what’s up and catch his presentation on the Stacking Sats stage!

To hear more about the conference, follow both #Bitcoin2021 and Bitcoin Magazine on Twitter and Instagram, plus join our conversation on Telegram. And be sure to subscribe to our newsletter to keep up with all the happenings at Bitcoin 2021.

Source: Bitcoin magazine

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Wasabi Wallet And Bull Bitcoin Grant Bitcoin Knots 0.86 BTC

Bitcoin-focused businesses Bull Bitcoin and zkSNACKs have granted 0.86 BTC toward development of open-source Bitcoin client Bitcoin Knots.

Earlier this week, Wasabi Wallet creator zkSNACKs and Canadian bitcoin exchange Bull Bitcoin announced they would be donating a no-strings-attached grant toward Bitcoin Knots development.

The two Bitcoin-focused companies split a 0.86 BTC (or about $40,000, at the time of this writing) contribution in support of the development of Bitcoin Knots, a node and wallet software that can serve as an alternative to Bitcoin Core.

This grant is a great example of Bitcoin-focused companies investing in projects that advance the ecosystem, and ultimately their own best interests, through development grants. Both zkSNACKs and Bull Bitcoin have built businesses that rely on Bitcoin Knots and it is important that they support the development of that underlying technology.

“Leading by example is the motivation behind our contribution and we want to make sure that people see our support for the development of open-source software in the Bitcoin ecosystem and are inspired to follow suit,” Daniel Belushka of Wasabi Wallet told Bitcoin Magazine.

We saw a massive trend of Bitcoin development grants in 2020 and it is fantastic to see more happening in early 2021. Let’s hope other companies take note and follow Wasabi Wallet and Bull Bitcoin’s lead in supporting Bitcoin development.

Source: Bitcoin magazine

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Despite The Bitcoin Price Dip, This Week Was Incredibly Bullish

I know that this advice is easier said than done, but don’t get distracted by the price of bitcoin. 

We closed last Friday at $56,000 and saw the price reach and all-time high over the weekend, yet the market decided to pull back. This is a feature, not a bug. Remember that bitcoin is a mature asset and the market is in price discovery mode 24/7. 

If you look beyond the charts and read the headlines from this week, you would think a dramatic price rise would be taking place. 

Tuesday, February 23

In a deceptively lackluster announcement, Cash App parent company Square announced a purchase of $170 million worth of BTC that now puts 5 percent of its reserves in bitcoin. If it wasn’t for the insanely bullish headlines from Tesla and MicroStrategy in the past weeks, this announcement might have made bigger waves. Musk set the bar and this move from Square left many Bitcoiners wondering, “What is this, a treasury reserve allocation for ants?”

Wednesday, February 24

In their never-ending quest to buy all the sats, MicroStrategy announced it’s purchase of $1.026 billion of bitcoin. This headline made waves through Bitcoin Twitter and MicroStrategy CEO Michael Saylor made appearances on mainstream media justifying the move and making the case for bitcoin as a necessary treasury reserve asset. Every time he made an appearance, he furthered the Bitcoin meme and no doubt left viewers questioning their worldview. 

Thursday, February 25

Coinbase announced it’s S-1 filing to go public on NASDAQ. This announcement did not signal any big purchases of bitcoin, but shared some very interesting insights into Coinbase’s users and its current BTC holdings. 

We learned that the exchange has more than 43 million KYC-compliant users and holds approximately $130 million in BTC. We’ve long speculated about how many HODLers are out there, and now that we know Coinbase has 43 million users, we have a line in the sand. The big head scratcher is how a company that was founded in 2012 only has $130 million in BTC to it’s name.

But I believe that the key piece of information here is that this was an incredibly bullish week, despite price dips that might suggest otherwise. These are all massive headlines that further support the idea that the herd is coming, and this time it’s being led by institutions. 

The question you should be asking yourself is: What’s my personal treasury reserve strategy?

The post Despite The Bitcoin Price Dip, This Week Was Incredibly Bullish appeared first on Bitcoin Magazine.

Source: Bitcoin magazine

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Taproot Activation Timeline Set, But Path Unclear

Earlier this week, Bitcoin’s development community met via Internet Relay Chat (IRC) to discuss Taproot activation paths and lay out an expected timeline for the privacy and smart contract flexibility upgrade. This was the second such activation meeting held through IRC.

Though a tentative timeline was set, the meeting ultimately left the group divided on a main issue: How exactly to coordinate the upgrade.

According to an expected timeline posted after the meeting on Bitcoin Wiki, Taproot could be activated by August 2022:

  • March 17 to 31, 2021: Full node software released with Taproot activation deployment
  • July 23, 2021: Economic majority has upgraded. Miner signalling begins to indicate preparedness to protect the economic minority who haven’t upgraded yet.
  • Two weeks after 90 percent of the Bitcoin network’s hash rate signals support: Taproot activates. Economic majority enforces, while miners protect the economic minority until they upgrade as well.
  • August 1, 2022: Entire economy has upgraded

“There were two primary topics of conversation, the timeline and what to do if Taproot does not meet activation requirements,” Ben Carman, a Bitcoin developer at Suredbits, told Bitcoin Magazine. Carman said that the room was divided on whether or not to proceed with a user-activated soft fork (UASF) if requirements are not met. “After Core devs have experienced backlash and drama in the past few years, it seems they want to do the less controversial thing and not force the upgrade with a default UASF.”

Taproot is the biggest update to Bitcoin since SegWit back in 2017, and with it comes many potential benefits. To date, there has not been much criticism to the proposal and, according to taprootactivation.com, miners contributing 88.69 percent of network hash rate have indicated support for the upgrade.

It appears that we could see Taproot activated as soon as this summer, but it’s likely that critics will come out from the shadows before that begins.

The post Taproot Activation Timeline Set, But Path Unclear appeared first on Bitcoin Magazine.

Source: Bitcoin magazine

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Sports Gambling Website 500.com Acquires Bitcoin Mining Pool BTC.com

Today, Shenzhen, China-based sports lottery site 500.com announced the acquisition of major Bitcoin mining pool BTC.com from Blockchain Alliance Technologies Holding Company via a share-swap agreement. Blockchain Alliance is operated by BitDeer, which itself is chaired by Jihan Wu, the co-founder of bitcoin mining giant Bitmain.

The terms of this purchase agreement include 500.com using 10 percent of its own outstanding shares to execute it, according to the announcement. The terms also outlined additional share issuances based on the performance of BTC.com businesses.

According to BTC.com mining pool data, it is currently the fourth-largest pool by block validation, contributing just over 10 percent of the total network hash rate over the last three days. As of the time of this writing, BTC.com maintains a hash rate of 15.36 exhahashes per second across that timeframe.

This news comes hot off the heels of 500.com’s announcement in early February that it is purchasing 15,900 bitcoin mining rigs. This is rapid advancement for the online gambling company, which only just announced its intention to enter the blockchain space in January. 

It also begs the question of what other non-Bitcoin focused companies will target mining pools for acquisition in the near future. As we see more companies adopt bitcoin as part of their corporate reserve strategies, mergers and acquisitions like this one might be the next steps in the advancement of bitcoin exposure by Wall Street and other institutions.

The post Sports Gambling Website 500.com Acquires Bitcoin Mining Pool BTC.com appeared first on Bitcoin Magazine.

Source: Bitcoin magazine

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Latest Umbrel Update Further Improves Bitcoin Privacy, Self-Sovereignty

This week, open-source Bitcoin and Lightning Network node developer Umbrel released a significant update to its operating system, bringing a list of notable improvements to its wallet and UX, plus several additions to its celebrated Umbrel App Store

The Umbrel App Store was released December 2020 and has brought single-click installation of some of the most popular Bitcoin apps since then. This latest update brings the addition of Samourai Server, a mempool.space explorer and LNBits.

The Umbrel v0.3.3 operating system update also allows users to easily connect to an external wallet to monitor and send transactions. This update also integrates the latest versions of Bitcoin Core (v0.21.0) and LND (v0.12.0).

About The Apps

Samourai Server is an exclusive, Umbrel-only app that runs both Samourai Dojo and Whirlpool out of the box, and provides easy, step-by-step instructions to the user so they can effortlessly connect their Samourai wallet. This represents the highest-level of privacy that you can achieve as a Samourai Wallet user, because you no longer have to trust its servers with any of your data. Also, with Whirlpool, your Umbrel can now mix your bitcoin at any time. 

Mempool is the self-hosted version of the mempool.space Bitcoin blockchain explorer. It brings all of the features of mempool.space to your Umbrel app, allowing you to use your Bitcoin node as a full-fledged explorer, visualize the mempool and get on-chain fee estimates. 

With LNbits, users can onboard their friends and family members to the Lightning Network relatively easily by hosting their wallets directly through Umbrel, without them having to worry about running a Lightning node or managing channel liquidity. 

Most Bitcoin and Lightning wallets have their own unique procedures for connecting to a personal Bitcoin node, and there isn’t a standard protocol. Some require additional steps, such as installing Tor, and some don’t, but the process isn’t obvious to most non-technically inclined people. The new wallet connector in Umbrel v0.3.3 provides easy to follow, step-by-step instructions for connecting most of the popular Bitcoin and Lightning wallets, like Electrum, Wasabi, Zap and BlueWallet. 

Combined with the seven apps that launched with the Umbrel App Store a few weeks ago (BTCPay Server, Specter Desktop, Sphinx Relay, RTL, Lightning Terminal, ThunderHub and BTC RPC Explorer), this latest update further solidifies that one-click install financial self-sovereignty is no longer a far-fetched dream with Umbrel.

The post Latest Umbrel Update Further Improves Bitcoin Privacy, Self-Sovereignty appeared first on Bitcoin Magazine.

Source: Bitcoin magazine

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Jack Dorsey, Jay-Z Launch Bitcoin Development Endowment

Earlier today, Twitter CEO Jack Dorsey announced a partnership with hip-hop mogul and billionaire Sean Carter, aka Jay-Z, to create a Bitcoin development endowment focused initially on teams in India and Africa. 

The endowment will be called the “₿trust” and the pair will be bootstrapping it with 500 bitcoin, currently valued at more than $23 million. ₿trust is currently recruiting three board members, which Dorsey is soliciting through the relatively informal platform Google Forms

The board member application has a simple message at the top: “mission: make bitcoin the internet’s currency.” It can be filled pseudonymously and it asks candidates to simply submit a freeform written description of their credentials, under a field titled “proof of work.”

While details still remain scarce, one important factor to note at this point is that the endowment is being set up as a blind, irrevocable trust. In other words, Dorsey and Carter will have no say in how the endowment operates. 

The fact that this investment is focused partially on Africa should not come as a surprise, as Dorsey has visited the continent several times, even making public plans to move to Africa in 2020, before the world was brought to a halt by the COVID-19 pandemic.

Dorsey’s digital payments company, Square, has also worked to fuel Bitcoin development with grants through its cryptocurrency-focused division, Square Crypto.

The post Jack Dorsey, Jay-Z Launch Bitcoin Development Endowment appeared first on Bitcoin Magazine.

Source: Bitcoin magazine

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$41 Trillion Global Custodian BNY Mellon Announces Bitcoin Strategy

Today, global banking and custodian heavyweight BNY Mellon announced that it is entering the Bitcoin arena with the creation of a “Digital Assets Unit.” The New York-based bank is a custodian of more than $41 trillion in assets and has $2 trillion in assets under management and The Wall Street Journal has reported that this means it will issue, hold and transfer bitcoin on behalf of its asset-management clients.

According to the announcement, the Digital Assets Unit is being led by Mike Demissie, who said that it “plans to deliver a secure infrastructure for transferring, safekeeping and issuing digital assets…” 

As one of America’s oldest banks, BNY Mellon is deeply rooted in the global financial system. This makes its announcement an incredibly bullish sign as such an entrenched institution entering the market essentially derisks Bitcoin for many others and suggests that stifling regulation from the U.S. government is unlikely.

“Any remaining existential regulatory risk is now gone,” professional financial trader Jonathan Leader told Bitcoin Magazine. “BNY would not be involved if the government was planning to come down hard on BTC. I am sure there will be more regulation, but banning it is now off the table.”

This move signals that the institutional herd is definitely entering the Bitcoin space and in a way this should accelerate adoption.

For instance, the feasibility for a massive pension or hedge fund to get exposure to bitcoin has improved markedly. This fund might have all of its assets in custody with BNY Mellon and, before this move, it would have had to form an exploratory committee and sell decision-makers on starting accounts with cryptocurrency exchanges like Coinbase or Gemini, which may be unfamiliar to those decision-makers. That would be a difficult sell. Now, that custodianship is offered by BNY Mellon and getting exposure to bitcoin will be a much easier sell.

It is too early to tell what’s going to happen on the U.S. regulatory front, but moves like this are a reason for Bitcoin advocates to celebrate. It adds reason to hope that regulators will continue to work with the market on friendly and sensible regulations moving forward.

The post $41 Trillion Global Custodian BNY Mellon Announces Bitcoin Strategy appeared first on Bitcoin Magazine.

Source: Bitcoin magazine