You Need To Withdraw Your Bitcoin

There are various reasons why you should withdraw your bitcoin and utilize self-custody. A Bitcoin ETF is coming, whether you like it or not. You might be excited at the stamp of approval this gives bitcoin from the old guard. It will also allow many investors to much more easily gain exposure to bitcoin through current accounts at big banks. These are huge positives for a new commodity that’s rapidly gaining recognition as a revolutionary instrument for storing value over time. However, as with many financial products on Wall Street,…

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How Many Bitcoin Wallets Hold More Than $1 Million?

The number of “bitcoin millionaires” is booming, but there’s still a lot of room for growth, which will propel the bitcoin price as well. Bitcoin has come a long way since its inception in 2009. With bitcoin’s market capitalization at just over $1 trillion, new on-chain data reveals that the number of millionaire members of the bitcoin rich list have ballooned. But what is the “bitcoin rich list” and why should you care? The bitcoin rich list refers to the list of bitcoin addresses that hold over $1 million worth…

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If You Don’t Buy Bitcoin, You Can’t Be Rich

Rich is a subjective term, yet it is apparent that those with no bitcoin unknowingly lack the freedom necessary for true wealth. Undoubtedly, fiat millionaires will read the title of this article and laugh. Languishing in mansions with foundations of debt, materialism and the physical world of fiat rich people is deceptively luxurious. Assuredly, the great empires of Rome, Venice and Constantinople also had many rich people enjoying the various splendors of wealth. Indeed, turkeys live happy lives — until Thanksgiving. If we can consider the fiat ice cube melting,…

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How Bitcoin Changes Our Perception Of Money

The way we traditionally perceive money is, at its root, misguided, as money is what allows humans to experience value. The Root Of All Evil For my entire life, to the best of my memory, I can recall one persistent narrative: “For the love of money is the root of all evil, therefore selfishness must be the seed.” — M. D. Birmingham (which is a take on the quote from 1 Timothy 6:10). In the most recent decade of my time among the living, I have learned how this belief…

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How The HODL Meme Reveals The Truth About Bitcoin

Just as evolution is determined by survival of the fittest, the enduring Bitcoin memes reinforce the best qualities of the network. Memes are plentiful in the Bitcoin community, acting at once as sources of amusement, beacons of solidarity and resources for edification. Many prominent Bitcoiners before me have recognized this, and I would encourage those interested to consult the fantastic articles written by Bob Simon, SEANSTACKIN and Jameson Lopp for more information. In this article, I hope to contribute to this discussion by highlighting the evolutionary dynamics undergirding the existence…

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Mara Pool And Bitcoin Mining Censorship

The hosts of “The Van Wirdum Sjorsnado” discussed Mara Pool, bitcoin mining pools that censor blocks and what Bitcoiners could do about this. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Libsyn Overcast In this episode of “The Van Wirdum Sjorsnado,” hosts Aaron van Wirdum and Sjors Provoost discussed the emergence of Mara Pool, the American Bitcoin mining pool operated by Marathon Digital Holdings, which claims to be fully compliant with U.S. regulations. More generally, van Wirdum and Provoost discussed the prospects of mining censorship, what that…

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State Street Launches Bitcoin Indicator To Quantify Media Sentiment

State Street has added a Bitcoin sentiment tool to its series, which will analyze and quantify Bitcoin media coverage for investors. Investment services company State Street Corporation has announced the launch of its Bitcoin Thematic Indicator series, a tool that quantifies the prevalence and sentiment of media coverage around Bitcoin. “Over the last few months, media coverage around Bitcoin has grown significantly relative to corporate, financial and economic media markets and continues to trend higher,” Rajeev Bhargava, head of the Investor Behavior Research Team at State Street Associates, said in…

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SEC Chairman: Bitcoin Is Store Of Value But Needs Greater Investor Protection

SEC Chairman Gary Gensler recently recognized bitcoin’s value but called for greater investor protection through increased regulation. Gary Gensler, the new head of the U.S. Securities and Exchange Commission (SEC), told CNBC that he recognizes bitcoin as a “scarce store of value,” distinct from other “crypto tokens” which “are indeed securities.” But he also alluded to a perceived need for additional regulations around its investment and use. “It’s a digital, scarce store of value, but highly volatile,” Gensler told CNBC. “And there’s investors that want to trade that, and trade…

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Iran Reportedly Bans Trading Of Bitcoin Mined Abroad

The Central Bank of Iran has reportedly banned its citizens from trading bitcoin mined outside of the country in an attempt to stop capital flight. According to an announcement shared by Iran International, the Central Bank of Iran (CBI) has banned its citizens from trading bitcoin and other cryptocurrencies mined in foreign countries. Fatemeh Fannizadeh, a Swiss qualified independent lawyer and advisor on blockchain technology and cryptocurrencies, believes this move by the CBI is an attempt to stop capital flight from Iran. “Crypto is already regulated in Iran … this…

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Turkish Government Requiring Exchanges To Report Bitcoin Trades Over $1,200

Turkey is instituting a reporting requirement for large trades, including bitcoin, from cryptocurrency exchanges. Adding to its recent moves to close in on what it sees as cryptocurrency’s potential to facilitate criminal activity,the Turkish government has announced that cryptocurrency exchanges in the country must report any transactions that exceeds 10,000 Turkish lira (equivalent to $1,200) to the government’s financial crime agency, according to a report from Decrypt. Announcing the decision on the national channel CNN Türk, Turkey’s treasury and finance minister Lütfi Elvan noted that exchanges would have a timeframe…

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