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The BTC Times delivers quality reporting of the Bitcoin news you care about, covers stories that others don't, and addresses bad takes in mainstream media. www.btctimes.com
#Bitcoin bear Peter Schiff’s skepticism has caught the attention of Elon Musk, who fired back against Schiff in a tweet today writing that “an email saying you have gold is not the same as having gold. You might as well have crypto.”
https://www.btctimes.com/news/elon-musk-fires-back-against-peter-schiff
Grayscale has reached $40 billion in assets under management, over $33 billion of which are allocated to the Grayscale #Bitcoin Trust.
https://www.btctimes.com/news/Grayscale-reaches-40-billion-in-assets-under-management
MicroStrategy has upsized its latest offering of convertible senior notes to $900 million. The firm intends to use the net proceeds from the sale to buy more #bitcoin.
https://www.btctimes.com/news/microstrategy-upgrades-note-offering-to-900m
OPINION: Nassim Nicholas Taleb says #Bitcoin “is not supposed to be volatile at higher prices” and is “a failure" in that respect. The truth is that Bitcoin will probably always be somewhat volatile - and that's not a bad thing.
https://www.btctimes.com/insight/taleb-says-bitcoin-is-not-supposed-to-be-volatile-heres-why-hes-wrong
Twitter CEO Jack Dorsey and hip-hop artist Jay-Z have announced a fund to support #Bitcoin development, initially in Africa and India. The mission: "make Bitcoin the internet's currency."
https://www.btctimes.com/news/twitter-ceo-jack-dorsey-and-jay-z-announce-bitcoin-fund
“We’re going to keep our cash safe” - the idea of buying #bitcoin came up at Uber but was “quickly dismissed,” according to its CEO Dara Khosrowshahi. But the firm doesn’t rule out accepting bitcoin as a form of payment in the future.
https://www.btctimes.com/news/uber-wont-buy-bitcoin-may-accept-it-as-payment
After ordering banks in Nigeria to close accounts transacting with cryptocurrencies, the country’s central bank has named its reasons for the move, such as #Bitcoin’s pseudonymous design, which it says makes the asset "well-suited" for illegal activities.
https://www.btctimes.com/news/nigerian-central-bank-issues-list-of-reasons-for-crypto-ban
Visa has revealed it is piloting a suite of APIs designed to help its institutional customers buy, custody, and trade #Bitcoin and other digital assets.
https://www.btctimes.com/news/visa-reveals-api-pilot-to-help-banks-buy-bitcoin
OPINION: When we see the financial system rip up the rules and rugpull us, it's clear that we're not welcome to play the Game. Ordinary investors are quickly realizing that #Bitcoin provides certainty: not of risk and reward, but of rules.
https://www.btctimes.com/insight/stop-the-game-masters
OPINION: #Bitcoin will change the nature of real estate forever. Instead of borrowing money to purchase a house, individuals will borrow houses by posting bitcoin as collateral.
https://www.btctimes.com/insight/the-future-of-real-estate-under-a-bitcoin-standard
“In retrospect, it was inevitable” — Elon Musk has added #bitcoin to his profile, and the Bitcoin community is ecstatic.
https://www.btctimes.com/news/elon-musk-adds-bitcoin-to-twitter-profile
Blockstream has purchased $25 million worth of #Bitcoin miners for its U.S. and Canada mining operations, citing accelerating institutional demand.
https://www.btctimes.com/news/blockstream-ramps-up-mining-operations-with-25m-purchase
Elaborating on previous comments, Janet Yellen says cryptocurrencies can "improve the efficiency of the financial system” and calls for an approach that encourages their legitimate use while fighting "malign and illegal activities."
https://www.btctimes.com/news/janet-yellen-says-to-consider-the-benefits-of-cryptocurrencies
While Elon Musk doesn't see himself as an investor, he thinks only a "fool wouldn't look elsewhere" than cash when "fiat currency has negative real interest."
https://www.btctimes.com/news/elon-musk-only-a-fool-wouldn-t-look-elsewhere
The world’s largest asset manager BlackRock has “started to dabble in” #Bitcoin, according to the $7 trillion giant’s CIO Rick Rieder.
https://www.btctimes.com/news/blackrock-cio-on-bitcoin-we-ve-started-to-dabble-in-it
OPINION: The satoshi hasn’t dropped for the world’s governments. They're used to money they control, so they think they can ban #Bitcoin with a click of the fingers. In reality, India can no more “ban Bitcoin” than they can outlaw the moon.
https://www.btctimes.com/insight/india-keeps-dreaming-despite-bitcoin-ban
North America’s first #Bitcoin ETF has been cleared for launch in Canada.
https://www.btctimes.com/news/canadian-regulator-approves-north-americas-first-bitcoin-etf
Deutsche Bank is working on a digital asset custody platform for institutional clients, according to a December report by the World Economic Forum.
https://www.btctimes.com/news/deutsche-bank-plans-to-launch-digital-asset-custody-platform-for-institutional-clients
Although a digital Canadian dollar is potentially interesting for Canada’s central bank, #Bitcoin very much isn’t, as a top official calls it “deeply flawed” as a payment method - “except for illicit transactions like money laundering.”
https://www.btctimes.com/news/bank-of-canada-bitcoin-is-deeply-flawed-as-payment-method
OPINION: The topic of wealth preservation has never been more relevant than it is today. But our prospects would be a lot darker if we didn't have certain tools at our disposal, the most important of which is #Bitcoin.
https://www.btctimes.com/insight/bitcoin-and-generational-wealth
After purchasing $600 million worth of #bitcoin in November, Ruffer Investment has seen its investment more than double. Now the firm has taken $650 million in profits to cover its “book cost,” while keeping $700 million in Bitcoin.
https://www.btctimes.com/news/ruffer-investment-earned-650m-in-profits-from-bitcoin
Elon Musk elaborated on his new-found interest in #Bitcoin over the weekend, stating that he is now “a Bitcoin supporter” and believes "Bitcoin is on the verge of getting broad acceptance by the conventional finance people."
https://www.btctimes.com/news/elon-musk-bitcoin-on-verge-of-broad-acceptance
The inaccurate interpretation of a chain reorganization on the #Bitcoin network this week snowballed into claims that the entire Bitcoin blockchain had been compromised - which it hadn’t.
https://www.btctimes.com/news/bitcoin-was-not-compromised-by-a-double-spend
The #Bitcoin white paper can now be read on dozens more sites as Bitcoin companies and Bitcoin users banded together to stand up against legal threats by Craig Wright.
https://www.btctimes.com/news/dozens-of-sites-host-whitepaper-following-legal-threats
People are willing to wait way longer now huge backlogs of <10 sat per byte
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