Day: March 29, 2022

Bitcoiners Scoff at Chris Larsen’s $5M Campaign to Force a BTC Code Change

The campaign aims to change bitcoin’s proof-of-work (PoW) consensus algorithm, which requires vast amounts of energy. Larsen is putting $5 million into the ad campaign, which is dubbed “Change the Code, Not the Climate” and set to roll out over the next month, according to Bloomberg. The campaign will run ads in leading publications such as the New York Times, Politico and The Wall Street Journal, and some of the ads will take aim at bitcoin’s most famous supporters including Tesla (TSLA) CEO Elon Musk, Block (SQ) CEO Jack Dorsey…

Michael Saylor’s MacroStrategy Secures $205 Million Loan to Buy More Bitcoin

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MacroStrategy LLC has received a bumper loan from Silvergate Bank. The terms provide the company with $205 million earmarked for a massive bitcoin purchase. Also, MacroStrategy’s loan is collateralized by Bitcoin held by the firm’s parent company – MicroStrategy. According to a press statement released on Tuesday (March 29, 2022), MacroStragegy has secured a $205 million loan from Silvergate Bank, an affiliate of financial service provider Silvergate Capital Corporation.  MacroStrategy is also a subsidiary of the world’s largest analytics and business intelligence firm, MicroStrategy. CEO Michael Saylor revealed in a…

DCG Mining Subsidiary Foundry Joins Texas Blockchain Council to Help Shape Crypto Public Policy – Bitcoin News

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On Tuesday, Digital Currency Group’s (DCG) mining subsidiary, Foundry Digital, announced the company has joined the Texas Blockchain Council (TBC), a nonprofit industry association in the state of Texas. Foundry detailed the newly formed alliance is aimed at Foundry’s efforts to “help shape the regulatory landscape for digital assets” in North America. Foundry Becomes a Texas Blockchain Council Strategic Partner Member The digital asset mining, staking, and advisory services firm Foundry Digital has announced it has joined the Texas Blockchain Council (TBC). The organization TBC is a group of individuals…

BITCOIN EXPLODING UPWARDS WHILE RUSSIAN BANKS FREEZE

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With inflation going through the roof, Sudan’s central bank cautions citizens against using crypto

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The Central Bank of Sudan (CBOS) cautioned the country’s citizens against dealing with “all types of cryptocurrencies” due to “the high risks” that they pose. This announcement came as a reaction to the increasing interest in digital assets among the country’s population, which has been facing three-digit inflation rates since the 2021 military coup.  On March 27, the Sudan News Agency (SUNA) published a short announcement from the CBOS declaring that due to high risks, which include “financial crimes, electronic piracy and the risk of losing their value,” citizens are…

DA Davidson Cuts Miner Stronghold’s Target by 40% Ahead of Earnings

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase…

Next Earth and CodeCluster Support Metaverse Growth With CCTF Sponsorship

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The term “hacking” might conjure up images of shadowy figures typing away in darkened rooms, but the truth is that hacking can be a force for good. As part of their ongoing efforts, CodeCluster and Next Earth will be sponsoring CCTF – the largest hacker competition for crypto and blockchain hackers. This year’s event will take place in May, but players can apply until April 7th. Crypto CTF is more than just a competition – it’s also an educational event, teaching through hacking. The challenges are designed to be realistic,…

BTC Hits $48,000 as ETH Nears January High of $3,500  – Market Updates Bitcoin News

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Bitcoin briefly hit a high above $48,000 on Tuesday, as prices of the world’s largest cryptocurrency rose for an eighth straight day. ETH was also trading higher during the session, with prices nearing their highest since January 5. Bitcoin Bitcoin reached the $48,000 level today, as the world’s largest cryptocurrency climbed higher for an eighth consecutive session. On Tuesday, BTC/USD rose to an intraday high of $48,086.84, as prices rose to their highest point since New Year’s Eve. Today’s move comes as bitcoin has sustained its upward momentum since breaking…