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Nick Marinoff



Articles by Nick Marinoff

Bitcoin At $5 Million? Some Analysts Think So…

14 hours ago

Bitcoin has been surging crazily as of late. The world’s number one digital currency by market cap jumped to about $66,000 per unit about a week ago, though at press time, the asset has fallen to about $63,000. Still, the currency seems to be on a roll.
Bitcoin Is Headed for the Moon
According to a panel of approximately 50 crypto experts, the asset is going to surge even further throughout the year. Some believe that the currency will potentially hit $80,000 before we’re ready to say hello to 2022. In addition, some are going so far as to claim that the asset will hit the millions by the year 2030… Roughly $5 million, to be exact.
Is a feat like this even possible? Perhaps. After all, bitcoin has shocked us on so many occasions it’s hard to know where or how it will

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Walmart Partners with Coinstar to Offer BTC to Customers

16 hours ago

Walmart is partnering with coin kiosk company Coinstar. The firm is setting up digital currency kiosks throughout several Walmart stores in the United States to give new customers access to digital currencies like bitcoin.
Walmart Is Pushing Bitcoin Forward
Coinstar has joined hands with a firm known as Coinme, a digital currency wallet company that offers crypto ATMs. This has empowered Coinstar machines to provide customers with a convenient and fast way to trade and purchase digital assets. These machines will soon be available at several Walmart stores, thereby making digital currency closer to being offered to people nationwide.
As it stands, not every store is permitting access to the machines just yet. This is all part of a pilot program designed to test

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Shiba Inu Coin Falls Following Elon Musk Tweet

18 hours ago

Elon Musk – the South African entrepreneur behind billion-dollar companies like Tesla and SpaceX – has a habit of making currencies go up and down all the time… and the crypto world’s latest asset Shiba Inu coin is no exception.
Elon Musk Causes Another Coin to Fall
Shiba Inu coin has been breaking all kinds of records and hitting new highs. A spin-off of the popular meme currency Dogecoin, Shiba Inu coin hit a massive record this weekend only to be brought down by a tweet issued by Musk, who commented with the word “none” when he was asked how much of the asset he owned.
He then followed up that tweet with the following message:
Out of curiosity, I acquired some ascii hash strings called ‘bitcoin, Ethereum & Doge.’ That’s it. As I’ve said before, don’t bet the farm

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JPMorgan: Bitcoin Is Big Only Due to Inflation

2 days ago

Bitcoin has risen to $66,000 per unit over the past few days. The currency is trading higher than it ever has in roughly 12 years, and everyone seems to be ogling the asset that at one point was considered a bubble and a tool for crime.
Bitcoin Is Helping People Cope with the Wounds of Fiat
As of late, there is plenty of speculation regarding what could have made bitcoin surge in such a way. Some believe it’s the fact that a bitcoin-based exchange-traded fund (ETF) is now available for trading on the New York Stock Exchange (NYSE). This is the first time such a product has been issued after several years’ worth of rejections by the Securities and Exchange Commission (SEC).
However, according to analysts at financial powerhouse JPMorgan, this has nothing to do with

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PayPal’s Peter Thiel Wishes He Had Bought More BTC

2 days ago

Peter Thiel feels he underestimated bitcoin. The world’s number one digital currency by market cap recently hit a new all-time high of approximately $66,000, though the asset is now down by a few thousand and trading for just over $62,000.
Peter Thiel Wishes He Had Invested More in BTC
Either way, Thiel implied in a recent interview that he wishes he had gotten more involved with the cryptocurrency and added more units to his portfolio, and he thinks the opportunity to take advantage of the asset may be gone. He commented:
I feel like I’ve been underinvested in it. Maybe it still is enough of a secret. I think the answers are still to go long.
Thiel is a libertarian and the founder of PayPal. This is ironic given that the digital payment platform has arguably been

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Worldcoin Will Give You Free Crypto if You Let It Scan Your Eyes

2 days ago

A new startup is looking to scan everybody’s eyes in exchange for cryptocurrency. The process sounds like something out of the movie “Minority Report.” Scan your eyes, get paid in a token known as Worldcoin.
Worldcoin Is Here to Scan Your Eyeballs
The currency is named so because the idea is to give everyone in the world cryptocurrency. There’s just one thing: you need to let a small, metallic orb examine and sweep your eyes. This will add your data (DNA) to the system and put you in a position to earn a financial reward.
Worldcoin already boasts a total market valuation of roughly $1 billion. The company has raised more than $25 million from top technology and crypto-based venture funds including Andreessen Horowitz, Fifty Years, Coinbase Ventures, and Day One

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Coinbase Is Now the Official Crypto Exchange of the NBA

3 days ago

Coinbase has had an exciting week. After forming a partnership with Facebook to provide support and custody services for its new Novi wallet, the popular digital currency exchange is joining hands with the National Basketball Association (NBA), which some believe will make it possible to pay for merchandise and event tickets with crypto in the coming future.
Coinbase Has Joined Hands with the NBA
The sports association issued a press release claiming that Coinbase will now be the official crypto platforms for several basketball divisions including the Women’s National Basketball Association (WNBA), the NBA G League, and USA Basketball. The release explains:
The deal, which marks the first cryptocurrency platform partnership for each league, will consist of unique

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Mariah Carey Is Putting Money in the Gemini Exchange

3 days ago

Grammy-winning singer and musician Mariah Carey has become the latest celebrity to join the growing cryptocurrency craze.
Mariah Carey Is Building a Bridge Between Women and Crypto
In a recent press release, it was revealed that Carey is the latest major investor in the Gemini Exchange, a popular cryptocurrency trading platform founded by Cameron and Tyler Winklevoss in New York. The Winklevoss Twins – as they are casually called – garnered heavy fame thanks to the 2010 Oscar-winning film “The Social Network” that details their legal battle with Mark Zuckerberg, who allegedly stole their ideas and used them to develop the social media giant Facebook.
Carey says she wants to get involved in crypto to inspire other women to step out of the normal investing cages. She

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Cathie Wood Hesitates to Invest in the Pro Shares ETF

3 days ago

Cathie Wood – the founder and CEO of Ark Invest – is acknowledging that the new bitcoin-based exchange-traded fund (ETF) is a step in the right direction. However, she’s not jumping in headfirst. Rather, she’s choosing to take her time and observe things for a little while so that she can better understand how the ETF will work and operate prior to getting involved.
Cathie Wood Hasn’t Invested in the BTC ETF Just Yet
At a recent conference, Wood was asked if she or her company had yet invested in the Pro Shares ETF product. She responded with the following:
No, we did not. We’re looking at this very carefully. There are some tax ramifications we’d like to understand more having to do with contango versus more normal backwardation.
The bitcoin ETF is an interesting and

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Jim Cramer Has Parted with Some of His Ethereum

4 days ago

Jim Cramer of “Mad Money” fame has reportedly sold off a good chunk of his Ethereum holdings in response to the new bitcoin-based exchange-traded fund (ETF) that has been available since the beginning of last week.
Jim Cramer Sells Some of His Ethereum
Cramer explained his reasons behind the sale in a recent interview, claiming that he doesn’t feel ETH or bitcoin have peaked yet. He is confident that both assets are going to continue to spike in the coming weeks and months, and thus he can sell a little off here and there without overdoing it and still watch his crypto stash experience solid growth.
He said:
Cryptocurrencies, they’ve become unstoppable, and even as someone who likes them, I think they’ve become the definition of rank speculation. You could argue

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El Salvador Airline Firm Volaris Says “Yes” to BTC Payments

4 days ago

Volaris – a low-cost airline company based in El Salvador – explained in a recent press release that it will begin accepting bitcoin for plane tickets.
El Salvador Is Moving Ahead in the BTC Space
The news was confirmed by the country’s president Nayib Bukele and is another push towards a crypto-based society. In a tweet, the president stated:
This allows us to increase the offering of flights for Salvadorians, in addition to being the first airline in the world to accept bitcoin and of course Chivo wallet.
El Salvador made history this year when it decided it was going to be the first country to declare bitcoin legal tender. While this had been discussed in the past, the Central American nation is the first to move forward on the notion of making BTC legal to use for

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Congress Urges Facebook to Give Up Its Novi Wallet Program

4 days ago

Senate Democrats are calling for Facebook to give up Novi and exit the cryptocurrency space altogether.
Will Facebook Cease All Crypto Ambitions?
The news comes after it was announced that the social media giant was joining hands with popular cryptocurrency exchange Coinbase to support whatever assets it was set to offer those who took part in the latest Novi wallet testing phase. The testing is set to be carried out in the coming months in both the U.S. and Guatemala.
Several Democrats – including Brian Schatz of Hawaii, Sherrod Brown of Ohio, and Elizabeth Warren of Massachusetts – penned a letter to Facebook founder and CEO Mark Zuckerberg asking him to give up his cryptocurrency ambitions and exit the financial space. The sentiment is that Zuckerberg and Facebook

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Bitcoin Hits $66,000 – The Highest It’s Ever Been!

5 days ago

The price of bitcoin has skyrocketed in recent days, and the world’s number one digital currency by market cap has reached a new all-time high. At the time of writing, bitcoin is trading for roughly $66,000 per unit.
Bitcoin Is Bigger and Better Than Ever
The journey of bitcoin has been a long and arduous one. No doubt it has come with many hardships, but it has also seen many significant joys – just as it is today. At $66,000, bitcoin has never been higher. 2021 marks a crazy and spectacular year for bitcoin in the sense that it has now broken its price record twice over the course of six months.
As we all remember, bitcoin topped $64,000 per unit in April after it was announced that Elon Musk – the CEO of both Tesla and SpaceX – had purchased a whopping amount and

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Pacaso Is Helping People Buy Houses with Crypto

5 days ago

Pacaso – a leading real estate firm – has announced it will begin accepting cryptocurrency payments from users looking to purchase or invest in a second home.
Pacaso Is Allowing Crypto Payments for Second Homes
The property in question cannot be a first-time buy. The company wants to ensure the customers in question have a little experience in the real estate market before they commit to a cryptocurrency-based purchase. That said, Pacaso realizes that digital currencies are becoming more mainstream, and investors are looking to potentially cash in on these assets by obtaining properties to build their wealth.
The company has joined hands with Bit Pay, a crypto payment processing platform, to ensure transactions are correct and completed in due time. The currencies

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Invesco Delays the Launch of Its Crypto ETF

5 days ago

Popular investment firm Invesco is delaying the launch date of its new bitcoin ETF. The news comes at an ironic time given that Pro Shares is pulling back the curtain on its own crypto ETF, which has been trading on the New York Stock Exchange (NYSE) for the past week.
Invesco Is Holding Back… For Now
The journey of bitcoin ETFs in the U.S. has been a rocky one. Companies such as Van Eck have been trying for years to get greenlights on their products, only to be repeatedly and ungraciously rejected by the Securities and Exchange Commission (SEC). The company first began sending applications to the SEC’s “consideration file” in 2017. This one – along with the second attempt – resulted in quick dismissals, though the third appeared to be something the agency was taking

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Carl Icahn: Bitcoin Could Reign Supreme if Inflation Gets Worse

6 days ago

Billionaire investor Carl Icahn believes that bitcoin’s potential will be realized in the coming future if the Fed continues to print excessive amounts of money.
Carl Icahn Thinks Bitcoin Could Become More Powerful
Ever since the coronavirus pandemic began, governments around the world – including the United States – have been issuing trillions of dollars in stimulus money to both individuals and businesses alike. While we can all agree that a little extra cash in our pockets here and there is a good thing, it’s not always great when it places the global economy in harm’s way, and according to many analysts, this is exactly what’s happened.
The constant delivery of stimulus funds has led to inflation, supply chain disasters, and many other issues that economies around

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A Bitcoin ETF Has Made It to the U.S., but Is It What Traders Are Looking For?

6 days ago

A bitcoin-based exchange-traded fund (ETF) has finally made its way to the middle of North America. The United States has long awaited the introduction of a bitcoin ETF after many years have gone by of companies submitting applications only to have them rejected ungraciously.
A Bitcoin ETF Has Made Its Way to the U.S.
This new product is being offered by Pro Shares and is being traded on the New York Stock Exchange (NYSE). It trades under the ticker BITO, and investors can potentially buy their way into the bitcoin market without experiencing the risks they’d encounter when directly purchasing crypto on a digital exchange or similar platform.
Since 2017, many businesses and financial enterprises have worked tirelessly to get greenlights on their bitcoin ETF proposals.

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Facebook Picks Coinbase to Support Its Novi Wallet

6 days ago

Coinbase is helping Facebook launch its latest cryptocurrency project Novi, a digital wallet. The product launched early Tuesday morning and Coinbase – one of the world’s most popular digital currency exchanges – was hired to assist with the logistics of the wallet.
Coinbase Is Facebook’s Knight in Digital Armor
The social media giant is offering a batch of varying digital currencies to users that will be stored on Coinbase. These assets are available to anybody who signs up to take part in the early testing of the Novi wallet. Following the news, stock in Coinbase rose by as much as two percent.
The product is designed to help people send and receive digital money no matter where they are in the world. The wallet will undergo a short period of testing in both the

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Georgia Plastic Surgeons Say “Yes” to Crypto Payments

7 days ago

Fancy a new facelift? What about a tummy tuck or a butt lift? The possibilities are endless given that crypto fans can now pay for plastic surgery with digital assets thanks to the open mind of Georgia Plastic and Reconstructive.
Georgia Plastic Is Okay with Accepting Bitcoin
The company is the latest to say “yes” to crypto payments and push the bitcoin agenda forward. Initially, digital currencies were designed to serve as payment currencies and push things like checks, credit cards and fiat into oblivion. Unfortunately, this has been a slow journey given that digital currencies are very prone to volatility and price swings.
This has made many retailers, stores and other businesses look upon the idea of crypto payments with disgust. They are not interested in

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Mark Cuban: BTC Is Much Stronger Than Other Coins

7 days ago

Mark Cuban has established himself as the latest bitcoin and crypto fan in recent months. In an interview not too long ago, the billionaire investor claimed that bitcoin held a “huge advantage” over other forms of digital currency.
Mark Cuban Believes Bitcoin Is Stronger Than Other Currencies
When it comes to serving as a store of value, Cuban believes that bitcoin – the world’s number one digital currency by market cap – has “zero competition,” and that it is the “best store of value on the market.”
This has a lot to do with how the algorithms behind bitcoin are set up. He claims that since bitcoin is limited and has a finite supply, it is an asset that ultimately increases in price as demand grows. This is the big separator, in his opinion, between bitcoin and

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Jack Dorsey and Square Are Looking to Simplify the Crypto Mining Sector

7 days ago

Jack Dorsey – the CEO of both social media giant Twitter and payments company Square – says that his latter company is looking into potentially creating a simplified mining rig that he believes will help the industry get stronger.
Dorsey and Square Tackle Crypto Mining
In a tweet last week, Dorsey explained:
Square is considering building a bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide. If we do this, we’d follow our hardware wallet model: build in the open in collaboration with the community.
Following the tweet, the price of bitcoin jumped to approximately $62,000 per unit, though at the time of writing, the currency has died down a bit and is trading for just over $61,000.
Still, the news is having a positive

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Mark Yusko On Bitcoin: There Could Be a Pause in Momentum if People Cash Out

8 days ago

Bitcoin is doing better than it has in a long time. The currency – which was trading for $64,000 per unit in April of this year – has suffered somewhat in recent months, experiencing some bearish behavior that ultimately brought it down below the $30,000 mark for a brief period. However, at press time, the currency is trading again above $60,000, and is only a few thousand dollars shy of where it was six months ago.
Bitcoin Has Reached a New Pinnacle
For the most part, everybody is happy… Everybody except Mark Yusko.
As a hedge fund manager, Mark Yusko feels that bitcoin is heavily overbought at its current price. He says that many investors are likely to sell their assets and take profits in the coming weeks, and this could hit the market hard.
In a recent interview,

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Coinbase Wants a Whole New Regulatory Department to Handle Crypto

8 days ago

In a recent statement, Coinbase – one of the largest and most popular cryptocurrency exchanges in the world – made a case for creating a whole new regulation department to oversee the processing of cryptocurrency transactions.
Coinbase Has Some Big Ideas Regarding Crypto Regulation
Right now, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are tasked with examining crypto activity and digital processes. However, these agencies are largely required to oversee divisions of the standard financial space. They are not as well versed when it comes to crypto, which is still a rather new industry, and Coinbase thinks a whole new department needs to be created to accommodate the changing and growing arena.
In coming up with a

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Teenage Boy Is Kidnapped After Talking About BTC Returns Online

8 days ago

People will go through great lengths to get their hands on cryptocurrency. After all, assets are booming like they never have before, and bitcoin is on the verge of once again hitting $64,000 per unit, which was the new all-time high it achieved in April of this year. However, who would be nasty enough to kidnap someone over it? This is the situation at hand as a 14-year-old boy was taken against his will after talking about his growing crypto stash on social media.
The Boy Made a Lot of Money; Others Wanted It
The boy is remaining anonymous at the time of writing, though reports have mentioned that he hails from England. He was stepping out of a restaurant in the town of Bradford when he was confronted by a gang of kidnappers who seized him, covered his mouth so he

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Dydx, One of the World’s Newest Crypto Exchanges, Is Growing Like Crazy

9 days ago

Coinbase is one of the largest cryptocurrency exchanges in the world. There’s no denying that, but sometimes, even the big dogs can be outdone by little pups as Dydx has shown.
Dydx Is Looking to Be the Best of the Best
Dydx is one of the globe’s newest crypto trading platforms. The company is only about four years old, and yet its daily trading volume is larger than anything Coinbase has experienced in recent days. Based in San Francisco, CA, Dydx recorded a trading volume of just under $19 billion in crypto transactions on September 27 and 28 of this year. By contrast, Coinbase only processed about $6 billion in crypto transactions during that time.
Thus far for 2021, Dydx has garnered about $75 million in funding. It expects to hit the $125 million mark before we

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Jesse Sullivan, a Conservative with a Crypto Background, Is Running for Governor of Illinois

9 days ago

37-year-old Jesse Sullivan is a Republican businessman that’s entering the race for the governorship of Illinois. Right now, the governor’s position is held by J.B. Pritzker, a billionaire and heir to the Hilton hotel fortune.
Sullivan Is Making a Run for Governor
What makes Sullivan so unique? He established a nonprofit organization that survived primarily thanks to cryptocurrency donations. Sullivan has worked primarily as a venture capitalist prior to entering politics. His company – known as Alter Global – ultimately made limited financial investments in different projects, but most of the company’s funding came by way of cryptocurrency.
The structure of this business changed in January of 2020. Sullivan made the company a for-profit LLC, and to this day, the firm

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The Bitcoin Stash of Elon Musk Has Grown By Roughly $1 Billion

9 days ago

As we all remember, Elon Musk and Tesla shocked the world when back in February, they purchased approximately $1.5 billion worth of bitcoin, the world’s most popular digital currency by market cap. The company was one of the first institutions to add the digital currency to its balance sheet. Today, that $1.5 billion is worth approximately $2.5 billion, meaning Musk and Tesla have grown by about $1 billion in just eight months.
Elon Musk Made the Right Choice to Hold Onto His BTC
The journey has been interesting to say the least, considering Musk said that he would never part with his bitcoin. In addition, he stated that all bitcoin collected by Tesla would not be traded in for fiat. The company would hold onto the digital money in the hopes that it could HODL what it

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Coinbase Is Building a Whole New Platform Devoted to NFTs

10 days ago

Coinbase – one of the biggest and most popular cryptocurrency trading platforms in the world – has announced it is developing an entire marketplace devoted to non-fungible tokens (NFTs).
Coinbase Is Growing Through Its New NFT Market
The non-fungible token world is growing every day. With so many sports-related events and even artwork now being tied to NFTs, individuals have found a way to ensure all their memories and important moments are recorded permanently to the blockchain, ensuring they live on forever.
One of the biggest NFT examples to emerge in recent months comes by way of artist Beeple, who has been selling his artwork in NFT form at around $69 million a pop. At the time of writing, it is estimated that the NFT market is worth just shy of $11 billion.
In a

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Vladimir Putin May Be Open to Accepting Crypto in the Future

10 days ago

Russian president Vladimir Putin has stated that he is not a big bitcoin hater. In fact, he even hinted in a recent interview that Russia could be the next big country to declare the currency a national payment option in the coming future, though a specific timeline was not given.
Vladimir Putin Discusses Crypto
The discussion centering around crypto hails from a recent one-on-one Putin had with CNBC. A question regarding oil contracts being settled in crypto rather than dollars was thrown at the Russian president, and he answered with the following:
Cryptocurrency contracts? It’s too early to talk about this because cryptocurrency, of course, can be a unit of account, but it is very unstable. To transfer funds from one place to another—yes, but to trade, let alone

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Jurrien Timmer: Bitcoin Will Reach Six Figures in About Two Years

10 days ago

Jurrien Timmer – the director of Fidelity – believes that the price of bitcoin could reach $100,000 by the year 2023.
Timmer: The Price of BTC Is On the Verge of Exploding
At first glance, this prediction seems a little farfetched, especially when one considers the major hurdles bitcoin has been through over the past few months. Following news that Elon Musk was rescinding his decision to allow customers to pay for Tesla vehicles with bitcoin and that China was expelling all its crypto miners, the price of the coin fell dramatically. For a short time, the currency was trading below the $30,000 mark – a more than 50 percent drop from where it stood in mid-April ($64,000).
At the same time, the currency has gone through something of a rally over the past few weeks,

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