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Showing 61-70 of 73

tinam • Oct 1, 2021, 8:53 am EDT

Volcano Bitcoin Mining; El Salvador’s Ingenious Move

El Salvador deserves a Nobel Prize for its new volcano Bitcoin mining ingenuity. It’s geothermal energy at its best, and that should put a smile on every environmental activist’s face. When El Salvador adopted Bitcoin as legal tender about a month ago, we knew extraordinary things were going to happen. One of the main issues with Bitcoin is the energy it takes to mine. At one time, Bitcoin could be mined with a simple computer in your home and only consume a couple of seconds worth of electricity. But that was a time when Bitcoin wasn’t worth much. As Bitcoin continues to bounce

3 minutes

tinam • Sep 27, 2021, 10:07 am EDT

Bitcoin Bouncing Back After China Ban On Friday

Bitcoin is bouncing back after China vows to crack down on cryptocurrency. It began on Friday, and it just goes to show that if it’s suitable for The People, the government will try to find a way to control it. The People, in this case, are the people of China. “The People’s Bank of China declared all virtual currency-related activities illegal including trading on Friday. The Chinese central bank also took aim at overseas exchanges providing services to mainland China users.” CNBC It’s these kinds of actions against Bitcoin that give it an even greater perceived value. In the last 24 hours, its

2 minutes

tinam • Sep 22, 2021, 11:18 am EDT

Ryan Selkis Says ‘Enough Talk’; Announces Senate Run

Ryan Selkis is the founder and CEO of Messari, who has announced that the cryptocurrency world is spinning today. It wasn’t just a sweet little note he left on Twitter, either. It was a fiery, passionate Tweet that put the SEC on notice. “If you’re wondering when I actually decided to run for Senate, it was when these [beepers] came to my event, didn’t buy a ticket, and served one of the speakers a subpoena. Enough talk. More war on our out-of-control regulatory state.” @twobitidiot TheThe speaker Ryan Selkis is talking about has yet to be named. But obviously, the soon-to-be senator

3 minutes

tinam • Sep 10, 2021, 10:05 am EDT

Ukraine Adopts Bill To Legalize Bitcoin

While some countries are struggling with how to deal with Bitcoin, other countries are leading the way in adopting it as legal tender. Ukraine is the latest to step into the future, and that’s a step that will greatly benefit them as the reality of it sets in. Until now, Bitcoin hasn’t been legal tender, nor has it been a prohibited form of currency. It has just simply been there existing in a gray area, being mined and traded from peer to peer while Ukraine scratched its head wondering what to do with it. Since Bitcoin was released in January

2 minutes

tinam • Sep 7, 2021, 11:19 am EDT

For Solidarity With El Salvador, ’30for30′ Trend Urges Bitcoin Buy

Today is the day that Bitcoin becomes legal tender in El Salvador. This is huge news that has the world spinning in different ways than it normally does. Governments everywhere should take account and watch the growth that Bitcoin promises. But as for now, there is a huge trend that you can get involved in if you want to show your solidarity with El Salvador. It started when Salvadorian president Nayib Bukele promised to give all Salvadorian citizens a bit of Bitcoin to get things rolling. $30 each, to be precise. via GIPHY Following that gesture, the world has decided

2 minutes

tinam • Sep 7, 2021, 9:11 am EDT

Biden Administration Proposes Even More Intrusive IRS Reporting

Bitcoin is looking better and better as we enter into a new era of IRS reporting. In the Treasury Department’s cute little proposal for 2022, Biden is trying to make financial institutions report to the IRS nearly every time you stick your hand into the cookie jar. General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals If you’re saving for a rainy day, you just might get drenched…but not the way you planned on. The IRS will know every step you make and be all up in your business. You won’t have room to breathe. Don’t you love our

2 minutes

tinam • Aug 30, 2021, 1:42 pm EDT

Mayor Promises To Give FREE Bitcoin To Residents, There’s Just One Catch

The people of Cool Valley, Missouri just might be gifted with a sizable Bitcoin endowment and it’s all because of the good-hearted nature of their mayor. He wants to make sure his town is taken care of and he believes in the power of Bitcoin. Jayson Stewart, the Mayor of Cool Valley, has a great idea that other towns should look into adopting. He is the mayor of just over 1,100 people and that just might be an early Christmas gift they can all be thankful for when they get it. He’s looking for the money now and he has

2 minutes

tinam • Aug 25, 2021, 3:45 pm EDT

Bitcoin Rise Projected By One US Mayor As Feds Keep Stamping More USD

While most politicians are behind the curve in understanding Bitcoin, one U.S. Mayor has a good grasp of the way the digital currency is going. When Jackson, Tennessee Mayor Scott Conger tweeted his predictions, he made it clear what will be at the source of Bitcoin’s consistent growth far into the future. It’s not that most politicians throughout the U.S. aren’t aware of what Bitcoin is. The problem is they keep trying to find a way to straddle it. A recently failed measure in Washington attempted to regulate cryptocurrency, regulations that have, “struck a nerve with supporters of an industry

2 minutes

tinam • Aug 20, 2021, 6:21 pm EDT

Bitcoin’s Value Increased, Swedish Gov’t Forced To Pay Drug Dealer $1.5 Million

If governments around the world don’t get wise to the relevancy of Bitcoin, they might find themselves in the same situation as Sweden. One convicted drug dealer is now rich because of Sweden’s lack of foresight. Tove Kullberg, the prosecutor of the case, argued very effectively that the drug dealer had illegally earned 36 Bitcoin selling drugs online. That was two years ago and at the time, the Bitcoin was worth 1.3 million Swedish kronor or $100,000 in U.S. dollars. The dealer was convicted and imprisoned. He has served his time and he’s now out. This is where the story gets

2 minutes

tinam • Aug 13, 2021, 8:05 pm EDT

Bitcoin To The Rescue, Bringing Hope To Cuban Crisis

The rare anti-government protest in Cuba has been a long time coming. People are hungry. Their homes have no electricity. They are sick and dying. It doesn’t take a financial expert to look at Cuba and know that the system is broken, a system that cannot sustain itself much longer. In the early 90s, when the Soviet Union fell apart, Cuba lost its backup. As the economy deteriorated, the infamous Maleconazo uprising broke out but Fidel Castro was able to squash it early and most Cubans weren’t even aware that it had happened. Today in the day of the internet,

2 minutes