Category: Updates
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The $7 Billion Discount Dilemma: Why Grayscale Bitcoin Trust (GBTC) is Trading at a 46% Discount
If you watched TV during 2022, chances are you saw the ubiquitous commercials for Grayscale, which manages the world’s largest Bitcoin investment fund. These ads touted Bitcoin as “the future” and a must-have asset in every retiree’s portfolio. However, investors in Grayscale Bitcoin Trust (GBTC) are currently facing both a problem and an opportunity. The…
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Governments Are Having A Hard Time Attributing Inflation to Energy
The Current State of Inflation: Why Governments Can No Longer Blame Supply Chain Disruptions As we move further into 2023, it is becoming increasingly clear that inflation remains a major concern across the globe. Despite declines in the prices of commodities and freight, inflation readings continue to show extremely elevated levels and rising core inflationary…
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El Salvador’s Anti-Crime Campaign Escalates: 40,000 Gang Members Sent To Mega-Prison
El Salvador has been making headlines recently, both for its controversial crackdown on crime and its adoption of Bitcoin as legal tender. While seemingly unrelated, these two events may be connected in ways that are not immediately apparent. President Nayib Bukele has been praised by some for his tough-on-crime stance, which has led to the…
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How Would News About COVID-19 Coming From Wuhan Affect The Price Of Bitcoin
The COVID-19 pandemic has affected every aspect of our lives, including the global economy and financial markets. As the pandemic continues to evolve, rumors and speculation about its origins have been circulating. In particular, there has been speculation that the virus was created in a lab in China, rather than originating from a wet market…
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Montana Protects Bitcoin and Crypto Mining Rights With New Mining Bill
TDLR The Montana state senate has passed a bill called “Right to Mine” designed to protect cryptocurrency mining companies from unfair utility rates. The bill is a significant step forward for crypto mining and aims to encourage mining operations within the state. In the United States, crypto mining has long been a contentious issue, with…
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Russia Considering Bitcoin Payments for Oil and Gas Exports
The USD is crushing fiat currencies world wide and Putin is considering accepting Bitcoin as a payment for his Oil and Gas exports.
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JPMorgan Accused of Facilitating Epstein’s Sex-Trafficking Operation
Two lawsuits have been filed against JPMorgan, alleging that the bank facilitated Jeffrey Epstein’s sex-trafficking operation. The plaintiffs in both lawsuits are seeking additional documents that they claim are being withheld, and they want CEO Jamie Dimon to be compelled to turn them over. According to Bloomberg, both the US Virgin Islands and an Epstein…
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Bitcoin Ordinals Can Revolutionize The Mining Industry
TLDR NFTs could revolutionize the way miners are incentivized in the future. Bitcoin has been around for over a decade, but it’s still evolving. One of the latest developments is the use of Bitcoin ordinals – data inscriptions that give miners a glimpse at what the future of miner extractable value (MEV) could be. While…
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Miners Might Have Capitulated, The Bottom Is Near
Every bitcoin bear market ends in capitulation and the mining sector is getting close to reaching it.