Tuesday , April 13 2021
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Nick Marinoff



Articles by Nick Marinoff

Peter Thiel On Bitcoin and Threats from China

19 hours ago

Peter Thiel – a libertarian and the co-founder of PayPal, arguably the largest digital payment platform in the world – has taken some serious guff over the past week thanks to some comments he made about bitcoin and China.
Thiel Doesn’t Want China to Use BTC Against America
In a recent interview, Thiel commented that the Chinese could potentially weaponize bitcoin and use it against its enemies like the United States. He recommended harder regulation be put in place so that things like this cannot occur in the future. While Thiel appears very certain that an event of this capacity could happen, others – such as Mike Novogratz – feel that the comments are unjustified and suggests there is little evidence that China could perform such an action.
Still, Thiel remains

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Riot Blockchain Is Becoming Bigger Than Ever

21 hours ago

Riot Blockchain – arguably one of the largest and most well-known bitcoin and crypto mining firms out there – is set to acquire Whinstone US, Inc. for approximately $80 million. Through the acquisition, Riot gains access to several of the company’s stock shares, as well as additional assets and operations. In all, the total value of the acquisition is said to be more than $650 million.
Riot Blockchain Just Bought Whinstone
One of the most significant points of the move is that Riot will now be the largest, publicly traded crypto mining company in all North America. Jason Les, the CEO of Riot, explained in an interview:
The acquisition of Whinstone is the most significant achievement in Riot’s growth to date, and positions Riot as an industry leader in bitcoin mining.

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People Just Don’t Stop Buying Bitcoin

23 hours ago

Bitcoin has been doing extremely well as of late. Late last week, the world’s number one digital currency by market cap briefly rose above the $60,000 line to bring investors into a whole new state of euphoria. As it turns out, many traders are heavily continuing their bitcoin investing given that several analysts are convinced this is just the tip of the iceberg. Bitcoin is expected to continue rising throughout the year, and there are many individuals out there that are trying to prepare for that.
People Aren’t Stopping When It Comes to Bitcoin Buying
Lennard Neo – a financial analyst and the head of research at Stack Funds – said in an interview:
The spikes in bitcoin outflows from exchanges typically coincides with upside price action in the following days, as

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Mike Novogratz: A Digital Dollar Is Necessary

2 days ago

Billionaire investor and former hedge fund manager Mike Novogratz is saying that the United States is going to seriously fall behind granted it does not develop a digital dollar in the immediate future.
Mike Novogratz: We Need a Digital Dollar
Mike Novogratz has always been a huge bitcoin and cryptocurrency advocate, and he feels that in many ways, digital assets will be the future of money. Thus, he is urging the United States to take control of the financial reins. He feels the country is falling behind, and risks losing its competitive edge to nations like China, which already has a digital yuan in play.
In a recent interview, he claims:
To me, it is an existential crisis. We need a digital dollar.
For the most part, the U.S. has been rather slow when it comes to

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So, What DO Investors Think of the New Coinbase Stock?

2 days ago

For diehard cryptocurrency investors, the answer to their prayers has typically been bitcoin, the world’s number one digital currency by market cap. However, while the currency has been spiking like no other asset, it remains as volatile as ever. Many traders still see bitcoin as risky, and for this reason, stock shares in Coinbase – set to debut on the Nasdaq next week – might be the alternative tool they seek.
The Coinbase Stock Is Heading Our Way
Coinbase initially announced in late 2020 that it was planning to go public. Now, as April 14 approaches, many crypto traders believe that the exchange’s newly listed stock is going to move the cryptocurrency world deeper into mainstream territory, while others say this will be a good opportunity to alleviate some of the volatility associated

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Mike McGlone: Bitcoin Could Reach $400K This Year

2 days ago

Bitcoin has surged like no other asset. The currency is presently trading for about $58,000 – just $3,000 shy of its all-time high. However, while this may all sound dandy at first, there are many analysts out there who seem to think this is just the tip of the iceberg. They claim that bitcoin is going to continue skyrocketing this year – so much so that it may end up reaching $400K per unit by the end of 2021.
Bitcoin Is Likely to Spend the Rest of the Year Increasing
Is this even possible? While bitcoin has been jumping like crazy over the past year or so, it seems like for it to surge from where it is now to such a high level is a bit of stretch. Basically, the currency would have to jump by more than $300,000 within eight months for this prediction to come true. A

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Crypto Crime Takes on New Form in Recent Italy Harassment Case

3 days ago

Crypto crime is no laughing matter and as we have seen in the past, it can take on many forms. It does not always come in the shape of a cyberattack or a hack on an exchange. Rather, sometimes people will try to use crypto to hide their malicious intent.
Crypto Crime Isn’t Always a Hack
One recent case allegedly involves a man in Rome, Italy, who is presently under house arrest after being accused of paying an attacker approximately $12,000 in BTC to maim his ex-girlfriend. Police claim that details of the attack are fierce, and that the event would have likely led to the victim living out the rest of her life in a paralyzed state. Thankfully, the woman is not hurt and remains unscathed following the European Union’s involvement in the case. This prompted Italian authorities to find the

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Several Leading Crypto Organizations Form the CCI to Promote BTC Education

3 days ago

Several leading digital currency businesses – including Square, Fidelity, Paradigm and Coinbase – are launching an organization known as the Crypto Council for Innovation (CCI) designed to help regulators, policymakers, business owners and investors better understand the benefits of digital currency.
The CCI Is Here to Dispel Some Myths
The CCI is all about education and seeks to provide the information necessary to ensure companies and individuals alike know what it is they need to do to get involved in cryptocurrency and make smarter decisions. Chief policy officer at Paradigm Gus Coldebella explained in a recent interview:
This work will require sharing insights and analysis about crypto while correcting the misperceptions that inevitably accompany a transformative

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Hester Pierce: It’s Not Possible to Get in Bitcoin’s Way

3 days ago

Hester Pierce – the commissioner of the Securities and Exchange Commission (SEC) – says that she hopes the U.S. government is not stupid enough to try and ban bitcoin activity, as there is no way it could ever stop people from trading it or being involved.
Hester Pierce: The Government Can’t Be This Naive
Pierce is often dubbed the “Crypto Mom” given her loose stance on cryptocurrency regulation. She believes that many digital assets are legitimate methods of finance, and that they will become cemented in the monetary space within coming years. She also feels that the U.S. has been rather slow in its adoption rate and hopes things will change to ensure America remains on top as a financial innovator.
In a recent interview, Pierce states:
I don’t see how you could ban

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How Did Lolli Get to Be Such a Big BTC Business?

4 days ago

Bitcoin rewards company Lolli is getting some attention and money from a lot of big people. The firm recently completed a $5 million pre-Series A funding round that garnered cash from the likes of Serena Williams and her husband.
Lolli Just Keeps Getting Bigger
Alex Adelman is the co-founder and CEO of Lolli. In a recent interview, he stated that his reasoning behind the firm’s creation was that he wanted to reinvent how people earn rewards for their daily shopping. His company has since partnered with the likes of big names such as Nike and Sephora.
He states:
I believe in everything about bitcoin. We want to make it as simple as possible for people to get bitcoin for their everyday purchases.
At 32 years of age, Adelman first began getting involved with startups

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Mark Yusko: All Companies Need to Consider BTC

4 days ago

Mark Yusko – the founder and chief executive officer of Morgan Creek Capital Management – feels that bitcoin has become large enough and strong enough in recent days that it can no longer be ignored by investors or companies.
Mark Yusko: We Can’t Ignore Bitcoin
In a recent interview, he comments:
We really believe that we’ll look back five years from now and it will be deemed fiduciarily imprudent to have zero exposure to digital assets.
As it stands, many companies – some of which are quite large – have already begun to invest hundreds of millions to billions of dollars in the world’s largest digital currency by market cap. Both electric car company Tesla and software firm MicroStrategy are enterprises that have invested quite a bit of money in the asset, while other

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Following Coinbase, Kraken Will Issue Public Stock

4 days ago

It sounds like everyone is learning from Coinbase. The popular cryptocurrency exchange in San Francisco, California, announced last year that it was getting ready to go public. The trading platform will begin trading on the Nasdaq next week on April 14, and now it looks like Kraken is going to follow suit.
Kraken Is Heading Down the Coinbase Road
Kraken is another large cryptocurrency exchange. Also stationed in northern California, it is a direct competitor to Coinbase, though it claims it was not directly inspired by the platform. Rather, Kraken saw its trading volumes skyrocket during the first quarter of 2021. With these volumes reaching new heights, executives felt now was the right time to expand.
Founded in 2011, Kraken is slightly older than Coinbase and has roughly six million

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C. Palihapitiya: I Should Have Invested in Coinbase

5 days ago

Coinbase is all set to be traded on the Nasdaq beginning on April 14, and while the time for average Joes and Janes to invest in one of the world’s largest cryptocurrency exchanges has finally come, it appears many high-ranking financial players had an opportunity to invest in the digital platform during its early days. Sadly, some – such as Chamath Palihapitiya – did not take advantage of the circumstances when they were available.
Coinbase Is the Envy of the Crypto World
Billionaire investor and Virgin Galactic chairman Palihapitiya said in a series of tweets recently that he had the chance to invest in the cryptocurrency exchange many years ago. While he had an opportunity to purchase part of the company when it was seeking early funds, he passed on this given that

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Mark Cuban The Future of Crypto Lies with Ethereum

5 days ago

Not too long ago, billionaire investor and owner of the Dallas Mavericks basketball team Mark Cuban commented that he owned quite a bit of bitcoin, but that his crypto portfolio also contained a healthy portion of Ethereum. While his initial sentiment was that Ethereum was considerably closer to a currency that bitcoin was, new ideas have been expressed, and Cuban allegedly seems to think that the future of the crypto space will rely heavily on ETH-based developments.
Mark Cuban: Ethereum Will Seriously Outweigh BTC
In a recent interview, Cuban says that he is quite impressed with Ethereum given that it boasts smart contract capabilities and that it has given rise to the decentralized finance (defi) space. Over the past few years, Ethereum has established its

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Coinme Is Establishing BTC Kiosks Throughout the Sunshine State

5 days ago

Coinme – a bitcoin kiosk company operating in the United States – has just installed approximately 300 separate bitcoin cash machines throughout the region of Florida, thereby allowing people to trade bitcoin for cash and vice versa and potentially boost further purchases with cryptocurrency.
Coinme Is Building a Crypto Kiosk Community
The company is hoping to start out small. Most of the kiosks have been stationed in grocery outlets and similar establishments. This, executives hope, will prompt people to begin making occasional everyday purchases with bitcoin. Should you need to run to the store to buy milk, bread and eggs, you can do so with a little BTC rather than through cash or with a credit card.
Bitcoin ATMs and related machines are all the rage as of late,

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Report: Bitcoin Mining May Require More Electricity Than Three Quarters of the World’s Nations

6 days ago

A new report suggests that bitcoin mining operations are likely to exceed the energy requirements of more than 180 countries by the year 2024.
Bitcoin Mining Is Needing Too Much Electricity
As of late, bitcoin mining has been taking a lot of guff from environmentalists and people who just are not that crazy about the cryptocurrency world. They claim the process of mining bitcoin leaves a harmful mark on the environment – one that is not likely to disappear anytime soon, and they are concerned about the future and their children’s well-being.
Thus far, it has been stated that bitcoin mining exceeds the energy requirements of countries such as Sweden, Iceland and Argentina, and that the carbon footprint left behind by bitcoin mining is equivalent to the one caused by

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Todd Rosenbluth: It Will Be 1-2 Years Before the U.S. Approves a BTC ETF

6 days ago

Todd Rosenbluth – head of ETF and mutual fund research at CFRA Research – mentioned in a recent interview that he thinks a bitcoin or crypto-based exchange-traded fund will appear in the United States within the next year or two.
Rosenbluth Still Thinks It’ll Be a While Before We See a BTC ETF in the U.S.
Rosenbluth comments:
We’ve got a number of firms that have either gone through the filing process or have previously filed but are waiting for more clarity. The SEC is less likely to try to pick a winner, we think, as to who comes first, and we are more likely to see them – if they do approve any ETF – approve multiple bitcoin-related ETFs. We’ve got a number of firms that have entered, and we think we’re likely to see one in the coming year or two, but we don’t have

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Crypto Industry Reaches $2 Trillion Market Cap Following Ethereum and Altcoin Surges

6 days ago

The cryptocurrency arena has reached a new pinnacle. The industry has a total market cap now exceeding $2 trillion. The news comes after several of the world’s leading altcoins – including Ethereum, Litecoin, Ripple’s XRP and Binance Coin – spiked to new highs after bitcoin once again neared the $60,000 per unit range.
Ethereum and Other Coins Have Jumped Heavily
The cryptocurrency industry’s market cap has so far more than doubled what it was at the beginning of the year. During the month of January, the entire crypto space was valued at approximately $750 billion. The good news is that many analysts believe the current bull run is far from over; in fact, some claim things are just beginning to heat up.
This new rally appears to have been driven largely by both

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BlackRock Is Now “Dabbling” in Crypto Futures

7 days ago

Asset manager BlackRock says it has made more than $350,000 in bitcoin futures over the past three months. The company has been dabbling in such futures since January and has garnered a pretty profit in return.
BlackRock Is Beginning to Make Money On BTC Futures
As it stands, two funds associated with BlackRock have permission to invest in crypto futures according to documentation brought forth by the Securities and Exchange Commission (SEC). At the time of writing, BlackRock currently manages more than $8.5 trillion in overall assets, which means that the amount allocated in bitcoin futures is quite small, though the fact that the company is now taking steps towards crypto investments says a lot about how much the currency’s status has changed.
Right now, BlackRock

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Mike Novogratz: BTC Has Come Far in the Last Year

7 days ago

Billionaire investor and former hedge fund manager Mike Novogratz says he’s truly shocked by how far bitcoin has come in the past few years and how strong adoption is.
Mike Novogratz: BTC Adoption Has Come Quite Far
We all likely remember a time when bitcoin did not have the respect it does today. Many companies and individuals alike turned their backs on it, claiming that it was a scam or a fraudulent currency. They said that it was a Ponzi scheme that was likely to turn highly skilled investors into paupers, and there were a few times in bitcoin’s short yet significant history where they appeared to be right.
For example, remember in 2018 when after reaching its then all-time high of nearly $20,000 per unit bitcoin sank into oblivion? The currency, just months after

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Shares in MicroStrategy Shoot Up Thanks to BTC

7 days ago

Shares in software firm MicroStrategy went up a few days ago after analysts suggested an $850 per share price in the coming future.
MicroStrategy Owes Its Success to Bitcoin
The figure has a lot to do with the idea that MicroStrategy is quite bullish on bitcoin, and that the firm is doing all it can to purchase the world’s number one digital currency by market cap. MicroStrategy initially bought its first round of BTC in August, when the currency was trading for around $12,000 per unit. It was one of the first institutional players to initiate such a buy, and it was also one of the first to declare its support for the asset publicly.
From there, the currency fell to a price of around $10,000 per unit, which at first, likely made everyone look at MicroStrategy with a

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Report: It’s Much Cheaper to Mine Gold Than It Is to Mine BTC

8 days ago

According to a new report, mining for gold is a lot less expensive than mining for bitcoin.
Mining for Gold Is More Economical
Over the past several months, as bitcoin has exploded in price (it’s currently trading for well over $58,000 per unit), several environmentalists and crypto bashers have taken to arguing that the mining process behind cryptocurrency and bitcoin is dangerous for the planet. They’re convinced that the ongoing extraction of new coins is going to leave some serious impacts on the world – impacts that cannot potentially be reversed in the future.
This new report details the situation behind mining both bitcoin and gold, with the latter being far less expensive given that it does not require computers for extraction. Right now, it costs

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La La Anthony: Bitcoin Is the Currency of the Future

8 days ago

It’s always interesting to see celebs that are turned on by the thoughts of crypto, and today, La La Anthony – a musician and live music host – is promoting bitcoin, claiming that it’s one of the top assets of the future.
La La Anthony Loves BTC
At first, Anthony admits that she was skeptical of the digital currency, as she had heard from several individuals and sources that it was a terrible fraud and a scam. She comments:
When I first heard about bitcoin, I didn’t understand why the rappers and athletes were getting involved. People were programmed to think it’s a scam and a fraud.
However, eventually a friend convinced her to get involved, and she hasn’t looked back since. She has now learned to take more risks in her investment strategies and is convinced that

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Elon Musk Wants to Literally Leave Dogecoin On the Moon

8 days ago

Elon Musk – the South African entrepreneur behind majorly successful companies like electric car firm Tesla and SpaceX – is back in the news promoting his favorite cryptocurrency Dogecoin. While the man has consistently made a name for himself in the world of bitcoin and went as far as to purchase $1.5 billion worth of the world’s number one digital asset by market cap in recent months, Musk is again reverting his attention back to the joke cryptocurrency with a cute little Shiba Inu dog as its mascot.
Elon Musk and His Constant Push for Doge
In a recent tweet, Musk commented that he was going to send a Dogecoin to the “literal moon,” meaning he was going to take one of his SpaceX rockets and fly a literal Doge to the heavenly body and leave it there. Naturally,

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You Can Buy Stock in Coinbase Beginning in Mid-April

9 days ago

Leading U.S.-based cryptocurrency exchange Coinbase is all set to go public on April 14. Traders and investors will be permitted to start purchasing stock in the trading platform beginning then.
Coinbase Will Go Public in Less Than Two Weeks
It is a big deal that Coinbase has filed for an initial public offering (IPO) in the sense that no company in Coinbase’s shoes has ever been in this position. As the first crypto platform of its kind to ever go public, many analysts are confident this is going to be the start of something big, and that assets like bitcoin – which have already been exploding in price as of late – are about to expand to a whole new level.
Coinbase first announced its plans to go public last December and filed what is known as Form S-1 with the

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Tik Tok Star Matt Lorion Loses Money in “Mando” Crypto Scam

9 days ago

Considering how common crypto scams have become in recent years, it is quite easy to get stuck in one, but when someone with “status” comes out and promotes one of these scams, it can be a little difficult to take at first. Matt Lorion – a 17-year-old Tik Tok influencer – is now apologizing to all his fans after he promoted a potential crypto scam that saw people lose some serious money.
Matt Lorion: I’m Sorry for Promoting Mando
Lorion has made a name for himself discussing various crypto assets online. Over the past few weeks, he has been talking up a storm about a new asset known as Mando, a digital currency based on “The Mandalorian” television show which is featured on Disney Plus. Mando turned out to be a classic pump-and-dump scheme, and Lorion himself lost as

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Mark Cuban: I’m Really Starting to Like Ethereum

9 days ago

In the past, it has appeared that Mark Cuban – a billionaire investor and owner of the Dallas Mavericks basketball team – was never a huge fan of cryptocurrency. While he acknowledged that bitcoin had a loyal set of followers and thus permitted BTC payments for Mavericks-related merchandise and tickets, he did not speak highly of the asset, claiming in the past that he would rather have “bananas” than BTC.
Mark Cuban Is Getting Into BTC and Ethereum
Now, however, some new information is coming out about Cuban and how he feels towards digital assets. Not only has he invested in and purchased various cryptocurrencies in the past, but he has also refused to sell them, and has hung onto them for quite a while. In a recent interview, it turns out that bitcoin makes up

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Jesse Powell Sees a $1 Million Price for BTC Next Year

10 days ago

Jesse Powell – the CEO of Kraken, a popular cryptocurrency exchange based in San Francisco, CA – has suggested that bitcoin could hit a price of $1 million per unit by the year 2022.
Jesse Powell: BTC Will Be $1 Million in 2022
Bitcoin has been doing extremely well as of late. The world’s number one digital currency by market cap has made a real name for itself in the finance industry over the past six months. There are many companies that are now willing to accept the digital asset as a form of payment for goods and services. In addition, many traders also see the asset more as a store of wealth nowadays, rather than just a speculative tool.
Powell is adamant that bitcoin is the future of money, though he thinks it is a mistake to compare the asset with USD or any

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JPMorgan: BTC Is Less Volatile, and Institutions Are Taking Notice

10 days ago

According to a new report issued by financial giant JPMorgan, the volatility often acquainted with bitcoin has been declining over the past few weeks. This, in turn, could lead to further institutions looking to get their fingers on the world’s number one digital currency by market cap.
JPMorgan: We’re Seeing Less Price Swings with BTC
Over the past eight months, the world has been privy to increased institutional activity in the crypto space. Many largescale companies – such as MicroStrategy, Massachusetts Mutual and Tesla – have sought to purchase large amounts of bitcoin which has ultimately helped the currency’s price increase tenfold over a relatively short period.
However, one likely remembers a time when this was not common. Bitcoin, at one stage, was considered one of the most –

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Bitcoin Is Helping the Digital Yuan Move Forward

10 days ago

As interest in bitcoin has grown over the past few months, so has interest in China’s digital yuan.
The Digital Yuan Is Making Headway
Bitcoin has been booming over the past six months, with the world’s number one digital currency shooting up from $10,000 in early October to about $59,000 at press time. That is an increase of almost five times the original price. However, the interest in BTC is also stirring interest in other forms of crypto such as the digital yuan. China has effectively banned bitcoin and has sought to implement the digital yuan to replace some of the cash and alternative currencies floating throughout the country.
In a recent interview, Wang Xin – the research bureau director for the People’s Bank of China (PBOC) – explained to reporters:
On the

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