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CoinDesk opinion piece. Interesting.

The Paradox of the Bitcoin Maximalist

Bitcoin was created in response to the Great Financial Crisis as the people’s currency to bypass the manipulation and mismanagement of the financial systems by governments, financial institutions and special interest groups. And while there’s an ongoing debate on whether or not Bitcoin is highly concentrated, it is undeniable that it is becoming increasingly so with governments, ETFs dominated by financial institutions, corporations and major whales adding to their share on every price correction. Today, the top 15 holders of BTC possess about 7.5% of the total supply.

Somewhere along the way, an inherent paradox emerged within the Bitcoin maximalist community: believing in the ideals and purpose of Bitcoin, yet celebrating and depending upon the very institutions Bitcoin was built to circumvent.

More:

www.coindesk.com

The Paradox of the Bitcoin Maximalist

When Bitcoin is dominated by major institutions (and Bitcoiners are asking for approval from presidential candidates) we are in danger of creating centralized decentralized finance, something Bitcoin’s founders never intended, says Jason Dehni, CEO of Credbull.
www.coindesk.com www.coindesk.com
 

Bitcoin pares weekly losses after better-than-expected September jobs data: CNBC Crypto World​

Oct 4, 2024
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Sam Kessler of CoinDesk discusses his reporting that North Korean IT workers have infiltrated global crypto companies.


7:45

Chapters:
00:00 - CNBC Crypto World, Oct 4, 2024
0:23 - Bitcoin rises
1:02 - The headlines
3:01 - Sam Kessler of CoinDesk
 
HBO Is Joining Search for Bitcoin's Satoshi. Past Attempts Haven’t Turned Out Great.

HBO says it knows who Satoshi is.

The television network is releasing a documentary, "Money Electric: the Bitcoin Mystery," on Tuesday, with the claim that it will unveil the true identity of Satoshi Nakamoto, the pseudonymous creator of Bitcoin.

The documentary is directed by investigative filmmaker Cullen Hoback, who made a name for himself unmasking the leader of the QAnon conspiracy theory as 8kun site administrator Ron Watkins in a 2021 documentary series for HBO. (Watkins has denied being Q, but two separate linguistic studies found that he was, after taking the mantle from South African computer programmer Paul Furber.) If Hoback really has the investigative chops to sniff out Satoshi’s true identity, too, it would put an end to a mystery as old as Bitcoin itself.

More:

www.coindesk.com

HBO Is Joining Search for Bitcoin's Satoshi. Past Attempts Haven’t Turned Out Great.

A new documentary claims to unmask the creator of Bitcoin.
www.coindesk.com www.coindesk.com
 
^^^^^

HBO Bitcoin doc ‘Money Electric’ hunts for Satoshi Nakamoto—see a first look at the trailer​

Who is Satoshi Nakamoto?

This is the burning question at the heart of the cryptocurrency space, and it has been since Bitcoin was first introduced to the world more than 15 years ago.

Satoshi Nakamoto is the moniker used by the individual (or individuals) who developed Bitcoin, published the Bitcoin white paper, and laid out a vision for how the cryptocurrency could be used to change the world. The thing is, nobody knows who Satoshi Nakamoto is. At least nobody has admitted to knowing who they are, even though some people have claimed to be Satoshi in the past.

Watch the trailer & read the rest:

 
On Tuesday, HBO premiered its documentary “Money Electric,” attempting to portray software developer and Bitcoin contributor Peter Todd as the mysterious Satoshi Nakamoto. Following the broadcast, Todd quickly took to X to set the record straight, stating, “I’m not Satoshi.” His response ignited a lively discussion across social media, with many in the crypto community dismissing the theory as subpar journalism.
...
Click to expand...

news.bitcoin.com

Crypto Community Rejects HBO’s Peter Todd-Satoshi Theory as Poor Journalism – Bitcoin News

The movie ignited a lively discussion across social media, with many in the crypto community dismissing the theory.
news.bitcoin.com news.bitcoin.com
 

Bitcoin bounces back to $62,000 as economic outlook remains in focus: CNBC Crypto World​

Oct 11, 2024

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Jeremy Allaire, CEO of Circle, provides an update on the company’s plans to go public and its strategy in a lower-rate environment.


13:19

Chapters:
00:00 - CNBC Crypto World, Oct 11, 2024
0:24 - Bitcoin climbs0:54 - The headlines
3:26 - Jeremy Allaire of Circle
 
Looking like BTC will be challenging 70K pretty soon...

Bitcoin moved to near $65,000 after Chinese stocks shrugged off mixed reactions to stimulus plans to finish the day higher. BTC traded at nearly $64,900 during the late European morning, over 3.4% higher in the last 24 hours. ... Latest announcements from the Chinese government regarding stimulus plans fell short of expectations, but the Shanghai Composite Index still closed the day over 2% higher. “Chinese equities rebounded off the weekend disappointments, so risk sentiment will likely remain in 'buy everything' mode until further notice,” Augustine Fan, head of insights at SOFA, told CoinDesk in a Telegram message.
...
Click to expand...

www.coindesk.com

First Mover Americas: Bitcoin Nears $65K as Chinese Stocks Rebound

The latest price moves in crypto markets in context for Oct. 14, 2024.
www.coindesk.com www.coindesk.com

More tailwinds...

Monochrome will launch Australia’s first spot ether (ETH) exchange-traded fund (ETF) on Tuesday.
...
Several countries have approved listings of spot crypto ETFs after the launch of the funds in the U.S. in January, though all have been significantly smaller in scale than their U.S. counterparts. Last week, South Korea’s news1 also reported that the country’s Financial Services Commission would consider allowing crypto ETFs.
Click to expand...

www.coindesk.com

Australia’s First Spot Ether ETF to Go Live on Tuesday

The launch of Monochrome Ethereum ETF follows the crypto investment firm's spot bitcoin ETF, which went live in August.
www.coindesk.com www.coindesk.com
 
Kamala Harris to Back Crypto Reg Framework in Speech Today, Campaign Says

The vice president and Democratic nominee has not said much so far about crypto during her relatively short campaign.

U.S. Vice President Kamala Harris will announce support for a "regulatory framework for cryptocurrency and other digital assets" during a campaign speech in Erie, Pa. her campaign announced Monday morning.

The remarks will be part of a broader speech detailing an "Opportunity Agenda" aimed at bolstering support for Harris among Black men, the campaign said, without going into detail on what Harris may specifically say about the digital asset industry.

More:

www.coindesk.com

Kamala Harris to Back Crypto Reg Framework in Speech Today, Campaign Says

The vice president and Democratic nominee has not said much so far about crypto during her relatively short campaign.
www.coindesk.com www.coindesk.com
 
^^^ The Neon EVM announcement sounds like big news for Solana (SOL).

Also down the page is this blurb:
...
MultiversX Hires Former Cardano CMO

Adam Bates has joined MultiversX as the new chief marketing officer, "bringing with him an extensive background in scaling blockchain brands, most notably as the former CMO of Cardano,"...
Click to expand...

I actually just sold some of my Ethereum the other day to acquire some MultiversX (EGLD) and SUI (SUI). From everything I've read, MultiversX appears to have superior technology for network scaling/growth and just needs to overcome the network effects of the older/bigger boys (ETH, SOL & SUI) on the block. It's got strong growth potential. This hire seems like a good move.
 

Bitcoin climbs 9% for its best week in more than a month: CNBC Crypto World​

Oct 18, 2024 #CNBC #cnbctv

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Chris Metinko of Crunchbase breaks down the latest VC funding data for web3 startups.


11:04

Chapters:
00:00 - CNBC Crypto World, Oct 18, 2024
0:22 - Bitcoin rises
1:03 - The headlines
3:09 - Crunchbase's Chris Metinko
 
^^^:
...
On Wednesday, the Pennsylvania House of Representatives passed a bill that protects residents' rights to self-custody digital assets, ensures their ability to use bitcoin as a payment and provides explicit guidelines around taxing bitcoin transactions. House Bill 2481, dubbed the Bitcoin Rights bill, sailed through with strong bipartisan support, winning by an overwhelming majority of 176 votes to 26. The vote included 76 Democrats and unanimous backing from all 100 Republican members.

The bill will move on to the Republican-led Pennsylvania Senate after the election and, if passed, onto Gov. Josh Shapiro’s desk.
Pennsylvania Governor Josh Shapiro

The bill, crafted by outside bitcoin advocacy group Satoshi Action Fund (SAF), is the latest effort to help lawmakers understand the nuances of blockchain technology and bitcoin. SAF has succeeded in helping write and pass similar legislation in 20 other states, with four bills becoming law in Oklahoma, Louisiana, Montana and Arkansas. The group’s main priority is to help mainstream bitcoin at the state level and encourage state lawmakers to do what the federal government has yet to do – establish some clear rules of the road for crypto and normalize it as a mode of transaction.
...
Click to expand...

Sounds good to me, but I didn't read the (details in the) bill itself.
 
pmbug said:
Click to expand...


Well that's kinda interesting a month or two after the ads played on the radio I mentioned above. I can't seem to search anything now as it keeps getting blocked.

There was an article on cointelegraph and the group was Consumer's Protection
 

Why Ripple's Chris Larsen is spending millions to back the Harris campaign: CNBC Crypto World​

Oct 25, 2024 #CNBC #cnbctv

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Chris Larsen, co-founder of Ripple, discusses his millions of dollars in donations to back Vice President Kamala Harris' presidential bid.


10:58

Chapters
00:00 - CNBC Crypto World, Oct 25, 2024
0:18 - Bitcoin, ether are flat
1:46 - Ripple's Chris Larsen
 
Wow. Chris Larson is either a massive idiot/fool or he thinks everyone else is one (maybe both are true). "I think the war on crypto is over." <Checks notes> No, Chris, it's still on like Donkey Kong and your efforts to suck up to the Dem regime have not enticed them to call off the dogs on Ripple either:

https://www.pmbug.com/threads/americas-war-on-crypto.5711/post-114790
 
Last edited:
Protocol Village: Lisa Neigut's Base58 Gets First-Ever Bitcoin Grant From Donor-Advised Fund

The latest in blockchain tech upgrades, funding announcements and deals. For the period of Oct. 24-30.

In today's edition: UI Charitable, Base58, Unchained, Sound Advisory, Plan B, Tether, GnosisDAO, Flare, Google Cloud Marketplace.

More:

 
@Voodoo - I still don't know what ads you are referring to, but Tether has been the subject of speculation over various fraud allegations for years for not having sufficient assets to back the stablecoin (Tether refuses to allow a full/true third party audit) and facilitating wash trading (alleged when BTC pumps, but not when BTC dumps).
 
It is probably easier to trade ETFs than the actual cryptos. I have been watching:

MSTR
MSTX
COIN
FDIG
 
Perhaps, but be aware that it's the same dynamic as buying gold in an unallocated vault service. You are trusting that the underlying asset is being custodied in good faith by a competent entity.
 
Interesting read.

Tether's Paolo Ardoino: 'If the U.S. Government Wanted to Kill Us, They Can Press a Button'

  • Tether is doing "the best we can" to crack down on illicit crypto use, CEO Paolo Ardoino told CoinDesk. USDT's role in illicit finance is a "drop in the ocean" compared to the U.S. dollar's, he added.
  • The company "doesn't expect any political favors by anyone," he said of Howard Lutnick's role in Donald Trump's campaign.
  • A WSJ report Friday said Tether is under U.S. criminal investigation, which the company denied.

LUGANO, SWITZERLAND – As crypto colossus Tether comes under renewed scrutiny, CEO Paolo Ardoino told CoinDesk that the company respects international sanctions and works closely with law enforcement, but acknowledged it is ultimately at the mercy of U.S. authorities.

"If the U.S. wanted to kill us, they can press a button and kill us anywhere," Ardoino said. "We are not going to fight the U.S."

More:

www.coindesk.com

Tether's Paolo Ardoino: 'If the U.S. Government Wanted to Kill Us, They Can Press a Button'

But the leading stablecoin issuer is comfortable holding its T-bills at a U.S. institution because it respects international sanctions, CEO Ardoino said in an interview.
www.coindesk.com www.coindesk.com
 
An Arctic Circle Bitcoin Mine Will Heat a Building in a Fishing Village

  • Sazmining is setting up a bitcoin (BTC) mining site in northern Norway that will heat a large building in a fishing village.
  • The firm's CEO, Kent Halliburton, told CoinDesk that other local businesses might spin up similar facilities.
  • The miner doesn't foresee regulatory scrutiny, despite the country's previous restrictions on bitcoin mining.

A bitcoin (BTC) mine is coming to the Arctic Circle.

The 350-square-meter facility, conceived by retail-oriented bitcoin mining firm Sazmining, will be located in a small fishing village on the coast of Norway. Once it goes live on Dec. 1, it may well become the northernmost mining operation in the world.

The big idea? To remove the old oil boiler used by one of the town's largest buildings, replace it with an in-house bitcoin-centric data center and warm the edifice using the tremendous heat produced by the mining rigs.

More:

www.coindesk.com

An Arctic Circle Bitcoin Mine Will Heat a Building in a Fishing Village

Retail-focused Sazmining is starting a modest-sized bitcoin mining operation, using hydropower, in a small Norwegian fishing town.
www.coindesk.com www.coindesk.com
 
Nothing special, just an interview I thought interesting. It's a podcast, nothing to see, can listen in one tab, play around the forum in a different tab.

Arthur Hayes (banker) - Wikipedia

en.wikipedia.org en.wikipedia.org

Arthur Hayes and the Lessons of Decentralization​

Premiered 20 hours ago CoinDesk Spotlight

BitMEX co-founder Arthur Hayes, who is now chief investment officer at Maelstrom, joins CoinDesk Spotlight to discuss the journey that led him to the crypto industry from his financial services career. Plus, the lessons of decentralization and "two truths and a lie" with Hayes.
This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.


28:51

Timestamps:
00:00 Cold Open
00:44 Intro
01:26 From Gold to Crypto
04:23 The Birth of BitMEX
08:25 The Perpetual Swap
16:28 Lessons From BitMEX
18:03 The Significance of Decentralization
22:39 What Pushes Arthur Hayes to Create Content
26:30 Two Truths and One Lie

Edit to add an interesting read:

cryptohayes.substack.com

加油比特币 Let's Go Bitcoin

The Wharton business school celebrates capitalism and American exceptionalism. Wide-eyed and bushy-tailed students from across the globe drink the Kool-Aid as professors extol the benefits of free-market capitalism...
cryptohayes.substack.com cryptohayes.substack.com
 
Self-described Bitcoin development company MicroStrategy (MSTR) didn't add to its bitcoin (BTC) holdings since mid-September, but the firm announced an audacious plan to raise $42 billion of capital over the next three years in order to purchase more of the world's largest crypto.

Led by Executive Chairman Michael Saylor, the company's so-called "21/21 Plan" calls for $21 billion of equity raises and $21 billion of debt offerings over the next three years.

"As a Bitcoin Treasury Company, we plan to use the additional capital to buy more bitcoin as a treasury reserve asset in a manner that will allow us to achieve higher BTC Yield,” said Phong Le, president and CEO in the third quarter earnings press release.
...
Click to expand...

www.coindesk.com

Michael Saylor's MicroStrategy Plans to Raise $42B to Buy More Bitcoin Over Next 3 Years

The company reported its third quarter earnings results after the close of trading on Wednesday afternoon.
www.coindesk.com www.coindesk.com

Bitcoin's current market cap is $1.428T. $42B sounds like a lot, but it's just ~3% of the current market cap and equivalent to about two months of the current BTC ETF inflows:
...
Institutional investors are sparking hundreds of millions of dollars in net inflows to the US spot Bitcoin ETFs daily.

The latest data from sources, including UK-based investment firm Farside Investors, puts the tally for Oct. 30 alone at nearly $900 million — its second-largest ever.
...
Click to expand...

https://www.msn.com/en-us/money/oth...bitcoin-etf-inflows-near-1b-daily/ar-AA1tfQEL
 

Bitcoin slips below $70,000 after notching 12% gain in October: CNBC Crypto World​

Nov 1, 2024 #CNBC #cnbctv

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Kevin Lehtiniitty of Borderless.xyz shares his outlook for the crypto market and the broader industry in 2025.


11.18

Chapters
00:00 - CNBC Crypto World, Nov 1, 2024
0:21 - Bitcoin slips below $70K
1:30 - Kevin Lehtiniitty of Borderless Labs
 
I am waiting for a pullback to the upper $50s before I go long. I won't short it at this level that's for sure.
 
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