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Nick Marinoff



Articles by Nick Marinoff

Binance Limits Exchange Activity for Unverified Users

23 hours ago

Leading digital currency exchange Binance – arguably the biggest cryptocurrency trading platform in the world – is taking heavy action against unverified users.
Binance Moves Towards Limiting Unverified Customers
In a series of tweets, Changpeng Zhao – the company’s CEO – announced that Binance would be limiting how much money customers can remove or withdraw from their accounts daily, granted they have not gone through the verification process with the exchange. Zhao explained the details as such:
Daily withdrawal limits will be adjusted from two BTC to 0.06 BTC (roughly ~$2,000 USD) for accounts who have only passed basic account verification.
For the past month or so, Binance has been facing heavy regulatory pressure from regions such as Canada, the United Kingdom

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Pavan Sukhdev Says Bitcoin Is an “Asset” and “Not a Currency”

1 day ago

We have constantly been hearing arguments in the past that bitcoin is “digital gold.” Both bitcoin and the precious metal the entire world has grown to love are consistently being compared, though according to one expert – Pavan Sukhdev – there is still too much speculation involved.
Pavan Sukhdev – Bitcoin Is Not a Currency
Sukhdev is the president of environmental advocacy group WWF International. In a recent interview, he commented that both bitcoin and gold remain highly speculative assets that do not quite serve the purpose of anti-inflationary tools, like so many other experts appear to suggest.
This has been a common argument over the past year and a half. Ever since the coronavirus pandemic began, many crypto experts have come out to suggest that bitcoin –

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Many Crypto Experts Believe Ethereum Will Overpower BTC

1 day ago

Over the past week, talk surrounding bitcoin has been invigorated considering the world’s number one digital currency by market cap has shot up to just under $40,000 for the first time in well over a month. As good as the news is, it is easy to allow bitcoin to overshadow Ethereum and many other heavy hitters within the crypto space, but one panel of experts refuses to turn away from competing altcoins.
Ethereum Is Climbing Up the Financial Ladder
Ethereum is the second largest cryptocurrency by market cap and the number one coin going head-to-head with bitcoin. At the time of writing, the asset is trading for approximately $2,300 per unit, and the experts in question say that the currency could potentially double its present price to about $4,600 by the end of the

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Crypto Firm Fire Blocks Garners More than $300 Million in New Funds

2 days ago

Digital currency provider Fire Blocks – a startup based in New York – has managed to raise more than $300 million in new funds, thereby bringing its overall valuation beyond the $2 billion mark in just under half a year.
Fire Blocks Gets Its Hands On a Lot of Money
Fire Blocks came about three years ago in 2018. Just last February, the company managed to secure approximately $133 million for itself through a Series C funding round. During that period, the company’s overall valuation was around $700 million, which is already impressive for a company that hasn’t been around for very long, but things have really picked up since the beginning of 2021. At that time, Fire Blocks saw its customer roster spike to include more than 500 businesses, up by more than 350 from just

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Botswana Is Becoming a Major Bitcoin Haven

2 days ago

Botswana – a country in Africa – is becoming a regular bitcoin hotspot. Over the past several months, residents of the nation have regularly turned to the world’s number one digital asset for their daily financial needs, and many businesses are making it easier for them to do so by saying “yes” to crypto payments, though there are still several barriers to overcome.
Botswana Is Becoming a Regular BTC Hub
Botswana is located within the southern central region of the African continent. The country has a rather small population, but this hasn’t stopped the Satoshi Center – a bitcoin firm dedicated to enabling payments and making BTC transactions easy for everyday purchases – from setting up its headquarters within the area’s borders. In addition, Gaborone – the capital

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Musk Has Lost a Lot of BTC, but He Probably Only Has Himself to Blame

2 days ago

In a public filing last Tuesday, electric car company Tesla and its CEO – South African entrepreneur Elon Musk – revealed that they have lost more than $1 billion in bitcoin.
Musk and Tesla’s BTC Stash Has Gone Down the Tubes
The company’s balance sheet grew by approximately $1.5 billion in BTC last February, and within two months, bitcoin had reached a new all-time high, jumping from the low $50,000 range to about $64,000 per unit. However, things took an ugly turn from there, and many advisors and traders alike blame Musk himself for the negative behavior bitcoin eventually took on.
About a month after bitcoin hit its new $60,000+ high, the currency began to engage in several slumps that ultimately took it down below the $30,000 mark as recently as a few weeks ago.

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Amazon: We Have No Intention of Accepting BTC Payments

3 days ago

Just yesterday, Live Bitcoin News reported that Amazon – arguably the biggest retailer in the world – was going to begin accepting cryptocurrencies by the end of the year as forms of payment. However, now it looks like this idea was a simple rumor, and Amazon has come out to suggest that it has no plans whatsoever in accepting bitcoin or other forms of digital assets as payments for goods or services.
Amazon Says “No” to BTC Payments… For Now
At this stage, bitcoin lovers should be relatively numb to information like this. The same thing happened with electric car company Tesla, and everyone’s hope and confidence were brought down almost as quickly as they jumped up.
Bitcoin and other types of crypto were initially created as means of pushing checks, credit cards and

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IMF to All Countries: Don’t Make BTC Your National Currency!

3 days ago

The International Monetary Fund (IMF) is advising all countries to avoid making bitcoin or any other form of crypto their national currencies.
The IMF Advises Making BTC Anything Other Than a Speculative Asset
In a blog post, the IMF advises against making any sort of digital asset the currency of a national people. While the post does not mention any specific region, many countries – such as China – have turned towards making digital versions of their national currencies as a means of taking their monetary systems in a whole new direction.
Arguably, the biggest example of this as of late has been El Salvador, which recently announced that bitcoin would be legal tender in the country’s borders. While not officially the currency of the nation – El Salvador is still

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Survey: Singapore Is a True Leader When It Comes to Crypto

3 days ago

Just yesterday, Live Bitcoin News published a piece discussing how few Americans are investing in cryptocurrency. While many residents of the region have no doubt heard of bitcoin and its digital counterparts, it appears many of them have not actually taken the leap into buying them. However, in Singapore, it seems that these results are the exact opposite, as the country has full-on embraced BTC and its virtual brothers and sisters.
Singapore Really Loves Its Crypto
While the positivity towards crypto appears to be rampant amongst all generations in the country, it looks like it’s the younger generations that are really eating up bitcoin and digital currencies. A new survey has come about through the efforts of Toluna, a customer insights provider firm based in

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Elon Musk Refers to Dogecoin as “Money” on Twitter

4 days ago

Elon Musk has always been there to push Dogecoin, and this week was no exception. The South African entrepreneur behind billion-dollar companies such as SpaceX and Tesla tweeted that “Dogecoin is money,” and he wants everyone to take the asset seriously.
Elon Musk Is Pushing Dogecoin Again
Dogecoin is one of the most talked about cryptocurrencies in existence. First arriving on the monetary scene in approximately 2013, the currency initially began as a meme coin – something that wasn’t necessarily meant to be taken seriously, and rather poked fun at the types of people that would allegedly be attracted to it.
However, since then the currency has risen through the ranks to become the fourth largest digital asset in the world, and Doge hit a new pinnacle earlier this

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Survey: There Are Still So Few Americans Investing in Bitcoin

4 days ago

Bitcoin and other forms of cryptocurrency are becoming extremely well known. Nobody can deny this, and the names of these assets are going down in the financial history books like no other assets have in recent years considering how far they have come just in the last year alone. However, while it seems everyone in America knows what these currencies are, not that many people are willing to purchase them yet.
Bitcoin Is Still Undervalued, According to Survey
According to a new survey conducted by YouGov, approximately 89 percent of Americans have heard of bitcoin and its alleged counterparts, though approximately 57 percent said that they did not invest in these cryptocurrencies, nor did they have any intention of doing so at any point in the future.
Of the 1,715

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Amazon Hints at Bitcoin Acceptance; Currency Shoots Up

4 days ago

Bitcoin has spiked like there’s no tomorrow. After several weeks of dealing with bearish activity, the world’s number one digital currency by market cap has surged all the way to the mid-$38,000 range. The jump appears to have something to do with Amazon, the biggest retailer in the world, and its potential decision to begin its own cryptocurrency and accept bitcoin as a payment method before the year is out.
Amazon Suggests It Will Accept BTC
Amazon is arguably the biggest company the world has ever been privy to, which is why if the company agrees to accept BTC and other forms of digital currency as methods of payment, crypto assets could find themselves moving into mainstream territory fast.
The retailer recently issued the following job post. The company is

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Online Broker Thomas Peterffy Has Become a Crypto Owner

5 days ago

For many institutions and high-end investors, bitcoin was not always an asset worth considering. However, with the price spiking to such an immeasurable degree, it looks like 2020 and 2021 have seen many of these individuals beginning to step into the crypto foray to take advantage of the space’s growing benefits. One of these individuals is Thomas Peterffy, the founder of online brokerage company Interactive Brokers.
Interactive Brokers’ Thomas Peterffy Now Owns Crypto
While Peterffy has never considered bitcoin in the past, he has recently admitted to investing in the currency. In addition, his company is now looking to launch new cryptocurrency trading services to its customers by the end of this summer. Peterffy has stated that while he does not think personally

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South Korea Rejects Foreign Crypto Exchanges from Its Turf

5 days ago

South Korea is cracking down on cryptocurrency exchange activity within its borders.
South Korea Is Taking a Stance
South Korea, at one time, accounted for more than one quarter of the world’s bitcoin and crypto transactions, though it appears the country’s presence within the digital currency space has died down a bit over the last three years. Nevertheless, the nation is still looking to purge all foreign digital currency exchanges from its terrain as a means of ending illicit activity.
In a recent statement, the South Korean Financial Services Commission warned all exchanges on its turf to either do the right thing and register their operations with the agency or risk being shut down permanently. These companies have until late September to go through the

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Gallup Poll: Bitcoin Ownership in America Has Spiked Heavily Over 3 Years

5 days ago

Between 2018 and 2021, the number of Americans holding bitcoin and other forms of cryptocurrency tripled. This is good news in the sense that bitcoin is becoming more well known and popular. Sadly, so many of these individuals still view bitcoin as a high-risk asset.
Bitcoin Ownership Is Growing Every Day
Over the past year or so, bitcoin has taken on new form in that many began to see it not as a speculative asset, but as a potential hedge tool. With inflation rising and the governments of the world printing more money as a means of keeping their economies stable during the coronavirus pandemic, several traders and investors began to view bitcoin as something that could potentially keep their wealth stable during times of economic strife.
While bitcoin is being

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Jack Dorsey Wants BTC to Help with “World Peace”

6 days ago

Bitcoin bull Jack Dorsey hopes that bitcoin and cryptocurrency can potentially lead to a world of fewer or maybe even zero conflicts. In a recent interview, he stated that he is hoping bitcoin can potentially lead to “world peace.”
Jack Dorsey Wants BTC To Contribute to a Calmer Planet
The CEO of both Twitter and Square suggested in a recent interview that the power of cryptocurrency could potentially lead to a calmer and less aggressive planet by lessening financial inequality, thereby allowing regulators, politicians, and other people in the world to focus on bigger issues.
He stated:
My hope is that it creates world peace or helps create world peace. We have all these monopolies off balance and the individual doesn’t have power and the amount of cost and

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JPMorgan Discusses What Needs to Be Done to Get BTC Out of Its Slump

6 days ago

The bitcoin bear market appears to be lasting forever, and according to a new report from JPMorgan, it is going to take quite a bit of effort to pull the crypto space out of its present slump.
JPMorgan On What Needs to Happen to Bring BTC Back Up
Bitcoin has been down for the count for the past several months. The world’s number one digital currency by market cap hit a real snag about three months ago when it struck a new all-time high of $64,000 per unit. This may have seemed exciting, but analysts were not expecting this move to cause bitcoin to begin a series of dips that have now lasted more than 90 days. The currency, at the time of writing, is trading for about half that original price, and bitcoin has lost 50 percent of its value.
JPMorgan is regularly looking

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Hester Pierce Slams SEC For Slow BTC ETF Approval

6 days ago

Hester Pierce – playfully known as the “Crypto Mom” thanks to her loose attitude towards digital currencies – has had it with the government agency she works with – the Securities and Exchange Commission (SEC) – and all the people in it working to prevent a bitcoin or crypto-based exchange-traded fund (ETF).
Hester Pierce: The SEC Is Too Slow
Bitcoin ETFs have been all the rage for several years amongst crypto heads. They all think an ETF will be the next revolutionary step to take and will ultimately bring bitcoin and crypto closer towards mainstream territory. Unfortunately, not everyone thinks that way, and several of these individuals are employed by the SEC. As it turns out, the organization has been rather obstinate towards permitting such a product, claiming

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Elon Musk Joins Jack Dorsey and Cathie Wood for Online BTC Chat

7 days ago

Not long ago, cryptocurrency was pushed by an event that took place online. The event saw three major bitcoin bulls – Elon Musk, Jack Dorsey, and Cathie Wood – chatting online in an open forum to discuss the future of the world’s number one digital currency.
Elon Musk Has a Lot to Say About BTC
Just hours after the meeting took place, bitcoin saw its price bouncing back above $32,000 per unit, up $2,000 from where it had been just a couple days ago. While the move doesn’t seem like much, many analysts are just happy that the currency has had a moment of getting back on track.
In the meeting, Musk confirmed what many people have been thinking – that it is not just Tesla that has added bitcoin to its roster of assets in the past year. Rather, SpaceX is an owner of BTC

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Crypto Mining Firm Core Scientific Set for “Public Debut”

7 days ago

North American cryptocurrency mining company Core Scientific has announced plans to be listed publicly on the Nasdaq.
Core Scientific Will Trade on the Nasdaq Soon
The company is the latest in a huge string of crypto and blockchain-related companies to become publicly traded entities. Popular cryptocurrency exchange Coinbase arguably started this trend in mid-April and debuted on the Nasdaq with stock shares trading for more than $300 each. From there, several others decided to follow suit, with digital payment platform Circle being the next in line, and most recently crypto trading app Robinhood saying that it will do the same.
Core Scientific will merge with a company known as Power & Digital Infrastructure Acquisition Corp., thereby bringing its valuation to more

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Tim Draper: I Will Not Sell My Bitcoin Stash

7 days ago

Tim Draper has earned a reputation as being one of the world’s biggest bitcoin bulls. He is always there to defend the currency and inform people about how they can potentially take advantage of its growing list of benefits.
Tim Draper On the Future of BTC
In a recent interview, he spoke briefly about where he thinks the currency’s price is headed in the coming weeks and months. This has been something of a hot debate at the time of writing, as bitcoin is presently down more than half its value since mid-April, when it reached its new all-time high of approximately $64,000 per unit.
Nowadays, bitcoin is trading in the low $30,000 range, which is still quite high when compared with where it was even last year, but the asset has ultimately experienced another 2018 in

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Upgrade Inc. to Offer BTC Rewards Card to General Public

8 days ago

Bitcoin rewards cards are typically only available to crypto traders and customers. Exchanges and companies like Coinbase offer them, but you need to be a client with the trading platform to get your hands on the product. Thus, it is often considered an exclusive tool. However, Upgrade Inc. is now making a crypto rewards credit card available to general members of the public, meaning you don’t have to be part of a specific organization or company to take advantage of bitcoin rewards.
Upgrade to Offer Bitcoin Rewards Card to Anyone Interested
Known as the Upgrade Bitcoin Rewards Card, individuals who utilize the product for purchasing goods and services will garner as much as 1.5 percent in bitcoin back on everything they buy. Renaud Laplanche – the co-founder and CEO

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The European Union Is Cracking Down on Anonymous Crypto

8 days ago

Cryptocurrencies are on the verge of losing their edge in European countries as members of the EU (European Union) are now looking into banning all anonymous crypto trades.
The European Union Is Working on New Crypto Regulations
The process is designed to ensure all monetary transactions are safe. The organization is seeking to end all financial crime such as money laundering and terrorist financing and representatives believe this will lead to a stronger environment for all traders. In addition, the European Union is looking to halt all crypto trades either equal to or higher than 10,000 euros.
The European Commission explained in a statement:
Given that virtual asset transfers are subject to similar money laundering and terrorist financing risks as wire fund

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Crypto App Robinhood Announces Plans to Go Public

8 days ago

Continuing a long streak of crypto companies that have gone public, popular trading app Robinhood is the latest digital currency enterprise to announce an IPO (initial public offering). The company is alleging that it will garner as much as $2 billion in new funds from the event it is planning to hold in the next few months, according to a statement filed with the Securities and Exchange Commission (SEC).
Robinhood Is Set for Its Public Debut
Shares will start out at approximately $38 to $42. With the sale, the eight-year-old company is projected to reach a valuation of approximately $32 billion.
This all sounds fine and dandy at first. The trouble is that cryptocurrency – which Robinhood appears to delve heavily into – is suffering as of late, and trading is down for

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Bitcoin and Crypto Are Dragged Down Even Further

9 days ago

Bitcoin is in a very dark place at the time of writing. After trading for a new all-time high of $64,000 per unit in mid-April of this year, the currency has once again (for the second time in the past few months) dropped below the $30,000 range and is now trading for just over $29,000. This means that in just three months alone, the world’s number one digital currency by market cap has lost more than $35,000 off its price and more than 50 percent from its value.
Bitcoin Drops Further; Trading for Under $30K
In addition, bitcoin appears to be dragging other coins lower as well. Just under $90 billion in total valuation was removed from the crypto space over the course of a single day. Bitcoin itself is down more than five percent, but many other major altcoins have

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Analysts: Bitcoin Will Obliterate Fiat from Existence By 2050

9 days ago

A panel of crypto experts alleges that bitcoin – the world’s number one digital currency by market cap – will potentially remove fiat currency from circulation by the year 2050. This basically gives bitcoin approximately 29 years to become the primary financial product of the world.
Bitcoin Is Rising to the Top
On the one hand, this certainly seems possible. 29 years is a long time, and a lot can be accomplished within that period. On the other hand, is it really all that likely that fiat will disappear completely? We have so many institutions and industries that depend on fiat, and as we have seen in the past, financial changes in America and abroad can take many decades to complete, so would 29 years really be enough time for bitcoin to fully step in and take over?

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Block Fi Receives Cease-and-Desist Letter from NJ Regulators

9 days ago

The New Jersey Attorney General’s office has issued a cease-and-desist letter to blockchain company Block Fi to get the firm to end all marketing for its interest-bearing accounts.
Block Fi Is at the Center of Some Unwanted Attention
According to the letter, Block Fi has been busy selling unregistered securities and violating present securities laws. The company provides interest rates of anywhere between .25 percent and 8.5 percent depending on the amount of money deposited and the digital asset in question. In addition, Block Fi also gives its customers access to a digital currency trading platform and BTC rewards cards.
One of the issues with the firm as stated in the letter is that despite offering both lending and savings options often seen in a decentralized

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ETH Co-Creator Anthony Di Iorio Announces Exit from Crypto Space

10 days ago

Anthony Di Iorio – co-founder of the Ethereum network, a primary competitor to bitcoin – has stated he is leaving the cryptocurrency space for good.
Di Iorio Is Making His Exit
Discussing his reasons for exiting crypto, Di Iorio has stated that “personal safety” is one. He says that ever since 2017, he has required a security team to follow him wherever he goes or to meet him at specific places. At 48 years of age, he is terrified to be alone it seems, though he has not stated why.
Over the next few months, Di Iorio will sever all ties he has to the crypto space. He is presently in the process of selling his startup Decentral Inc – a software development firm stationed in Toronto, Canada – and he will end all funding for the other blockchain companies he works with.

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Cashaa Bank in India Will Now Offer a Whole String of Crypto Services

10 days ago

Banking platform Cashaa is launching in India. Among the many crypto-based services and tools the company plans to offer users include crypto savings accounts, loans for purchasing bitcoin and other forms of digital assets, card services, and lending against crypto.
Cashaa Is Unveiling All Its Latest Crypto Offerings
All this might sound dandy. There is just one problem… The state of crypto in India is very up and down at the time, and it is unclear if Cashaa will even be able to provide such services for long.
In India, bitcoin and cryptocurrency has not always been a steady industry. The country initially decided in 2018 that banks and financial services could not offer goods and services to any business delving in bitcoin and blockchain. While assets themselves

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Jeff Gundlach: BTC Is Not Recovering Anytime Soon

10 days ago

Just yesterday, Live Bitcoin News put out an article discussing all the analysts out there who seem to think that bitcoin is getting ready for a big comeback and that the currency could potentially overtake USD at some point. Billionaire investor and “bond king” Jeff Gundlach is not one of those people.
Jeff Gundlach Is Not Confident in BTC
In a recent interview, Gundlach says that bitcoin is likely to fall another 27 percent, thereby making 2021 the new 2018 in official terms, while he also thinks that fiat currencies such as the U.S. dollar are in for a world of hurt. Discussing a recent bitcoin chart that he came across, Gundlach warned things are not looking good for the world’s number one digital currency by market cap. He states:
The chart on bitcoin looks

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