Bitcoin News and Information Today

MicroStrategy is betting big on the Lightning Network

Sep 30, 2022

MicroStrategy is holding the largest stake in Bitcoin of all companies in the world. While it was impressive that the company kept buying Bitcoin on a regular basis, it is almost not newsworthy to report that MicroStrategy continued and also bought more BTC this month. It seems that converting all of its cash into the hardest digital asset in the world is not enough. What is the Lightning Network, why is it important and what is MicroStrategy building on top of it?

CFTC chairman believes that Bitcoin could double in price

Sep 29, 2022

Regulatory authorities are usually very careful when making statements about what could possibly happen in the future in the market. Recently, Rostin Behnam made some remarks during a fireside chat and shared his perspective on Bitcoin and the broader crypto market. What is the chairman of the CFTC thinking about regulation and why does he believe that Bitcoin could potentially double in price?

Was Bitcoin almost called Netcoin?

Sep 26, 2022

A day before the domain bitcoin.org was registered in August 2008, someone registered netcoin.org through the same registrar. That can hardly be a coincidence. It's another fun new fact from the early history of the father of all crypto currencies.

What is the Bitcoin dominance?

Sep 16, 2022

In finance, you can assess how crypto currencies are doing by comparing market capitalization between them. Bitcoin dominance is the value of all Bitcoins added together divided by the total value of all other crypto coins. Let's see why this is an important percentage.

First two days of Hodlonaut versus Wright trial

Sep 14, 2022

Last Monday, the trial of Hodlonaut versus Wright kicked off in Oslo. Both parties have had a chance to do their opening statement for the court. The first days no doubt were a challenge for the judge, who got lectured about both cryptographic hash functions and Crypto Twitter jargon.

Bitcoin is resisting the mainstream: Hashrate at an all-time high

Sep 14, 2022

Ethereum is going to change its model of how the trust in the network consensus is created fundamentally this week. Proof of stake seems to be the next big thing and many other cryptos already adopted this model because it is easier and cheaper to kickstart a blockchain by selling token allocations and offering proof of stake. Starting with proof of work would require attracting miners who have other options at hand and is eventually also less attractive to venture capital since investment firms take staking into account when making the decision if they invest in early rounds. Bitcoin is resisting this mainstream trend and the hashrate is at an all-time high. How is this possible?

Bitcoin news from MicroStrategy and Fidelity

Sep 13, 2022

Software company MicroStrategy's bullishness on Bitcoin doesn't seem to have cooled off. The company is going to sell shares to buy up more Bitcoin. Meanwhile, asset management firm Fidelity is coming out with news that it wants to offer Bitcoin to its more than 30 million clients who have brokerage accounts.

El Salvador: How is the country doing 1 year after its Bitcoin adoption?

Sep 08, 2022

Bitcoin became legal tender in El Salvador on September 7th, 2021. Yesterday, the Bitcoin community was celebrating the anniversary and the historic moment for Bitcoin. What has become of the idea of implementing Bitcoin as a currency on a national level, and how is El Salvador doing? Let’s take a look at the upside and the downside of making BTC legal tender in a country that has been facing a lot of struggles in the past three decades.

Poolin Wallet halts withdrawals – Liquidity crisis is unfolding

Sep 06, 2022

Poolin is one of the biggest Bitcoin mining pools worldwide. Ever since Bitcoin came tumbling down in late 2021, miners and businesses associated with mining are coming increasingly under pressure. It becomes harder for them to harness liquidity and keep the business running while BTC is tanking. During the last three months or so miner capitulation was discussed repeatedly by market analysts. While they mostly cared about price development it seems that the bearish situation had caused more problems than they thought. Why is Poolin Wallet halting withdrawals and how could this situation possibly be resolved?

What is Bitcoin maximalism and how do you score on the test?

Sep 02, 2022

Especially in a bear market, the mood of crypto investors is a bit off. Not infrequently, they fly at each other's throats. The Bitcoin maximalists, the hard core of Bitcoin defenders, go the furthest in this. But what is this Bitcoin maximalism anyway? Pete Rizzo proposed a test.

Michael Saylor and MicroStrategy sued for tax evasion

Sep 01, 2022

The U.S. District of Columbia is suing MicroStrategy (MSTR) founder Michael Saylor for failing to pay income taxes in the District. Saylor disputes the claim, saying he has lived in Miami. The case comes at a difficult time for Saylor's software company, which has nearly 130,000 Bitcoin on its balance sheet.

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