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Nick Marinoff



Articles by Nick Marinoff

Jamie Dimon Really Doesn’t Like Bitcoin

21 hours ago

Jamie Dimon – the chairman and CEO of JPMorgan Chase – has stated in a recent interview that he doesn’t care much for bitcoin, going so far as to call it “worthless.”
Jamie Dimon Has a Negative BTC Attitude
In the interview, he comments that he doesn’t think much of BTC, though his company is willing to offer bitcoin options given that there is an audience for them. He doesn’t want to serve as a regulator of any kind. Thus, he is not willing to simply push bitcoin to the side given how many people want to get their hands on it, though he doesn’t see much value to the asset from a personal sense.
In the interview, he states:
I personally think that bitcoin is worthless, [but] I don’t want to be a spokesperson — I don’t care. It makes no difference to me. Our clients

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United Masters Will Pay Its Musical Artists in Crypto

23 hours ago

United Masters – a music distribution company – is allowing many of its clients and recording artists to get paid in digital currency.
United Masters Is Pushing the Main Goal of Crypto Forward
Those who participate will be able to choose which currencies they get paid in through Coinbase, one of the world’s leading digital currency trading platforms. They can also select which portion of their royalties are doled out in digital assets, granted they wish to still receive some of their money in fiat.
United Masters is paving the way for bitcoin to accomplish its ultimate goal. While BTC and many of its crypto brethren serve as great speculative assets and hedge tools, the fact remains that several of these currencies were initially designed to serve as payment methods.

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Bitcoin Fan Elon Musk Is the World’s Wealthiest Person

1 day ago

Bitcoin “bull” Elon Musk – the South African entrepreneur behind billion-dollar companies such as SpaceX and Tesla – is now the richest man in the world, with a net worth of approximately $222 billion according to the New York Post.
Elon Musk Has the Most Money
Second is Jeff Bezos, the CEO of Amazon, who at the time of writing, only has a net worth of around $191 billion. Musk couldn’t help but rub the news in Bezos’ face after the Amazon head posted the following message on Twitter regarding overcoming adversity:
Listen and be open, but don’t let anybody tell you who you are. This was just one of the many stories telling us all the ways we were going to fail. Today, Amazon is one of the world’s most successful companies and has revolutionized two entirely different

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Compassion International Says “Yes” to Crypto Payments

2 days ago

Compassion International – a leading company platform in the field of child development and one of the biggest nonprofits in the United States – has partnered with Engiven, Inc. The purpose? To establish a system that will allow it to accept crypto donations in the future.
Compassion International Gives a Greenlight to BTC Payments
Engiven is a cryptocurrency donation platform, and it is working to bring the reality that was always designed for bitcoin and its digital counterparts closer to existence. What many people may not realize is that while bitcoin is a great speculative asset – or by today’s terms, a great hedge tool – the asset was initially built to push credit cards, checks and fiat currencies to the side and ultimately serve as the world’s primary payment

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Navy Engineer Jonathan Toebbe Arrested for Exchanging Restricted Data for Crypto

2 days ago

Jonathan Toebbe – a nuclear engineer with the U.S. Navy – has been charged with trying to sell secrets regarding the country’s nuclear submarines for cryptocurrency.
Toebbe Is Charged with Conspiracy to Pass Along Restricted Data
The scheme was allegedly uncovered by the Federal Bureau of Investigation (FBI) in late 2020. Agents posing as foreign nationals reached out to Toebbe with an offer of paying digital currency in exchange for information about the U.S.’s nuclear sub program. After Toebbe – with much resistance – took the bait, a criminal complaint was filed against the engineer and his wife Diane in West Virginia.
Court documents explain that Toebbe “has passed and continues to pass restricted data as defined by the Atomic Energy Act… to a foreign government…

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New York and Texas Are Competing for New Crypto Miners

2 days ago

There are still many miners having to leave China after the country declared bitcoin illegal. It looks like New York and Texas are now competing as they work to bring many of these miners to their turf.
New York and Texas Go Head to Head
In addition to New York and Texas, Kentucky and Georgia are also attracting their fair share of new miners. These regions are known for offering very inexpensive electricity in certain areas, and those looking to extract new coins are eager to take advantage and mine all they can for as little as possible.
At the top of the list is the Big Apple. Just shy of 20 percent of bitcoin’s hash rate is in New York, while Kentucky falls into second place with 18.7 percent. Third is Georgia, with approximately 17.3 percent, and Texas comes in

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Bill Miller Thinks Bitcoin Has a Solid Future Ahead

3 days ago

Legendary investor Bill Miller recently took part in an interview in which he praised bitcoin and the growing cryptocurrency space.
Bill Miller on BTC: It’s Going to Be Big
During the interview, he commented that his recent bitcoin bet will likely play out in a way similar with how Amazon did during the dot-com crash. Amazon was one of the few companies to not only survive that time, but flourish, and he is certain bitcoin has a very long and special future ahead of it. Miller is the boss of Miller Value Partners and first purchased Amazon stock when it was only $17.
Discussing bitcoin, Miller explained:
I’m willing to go over the waterfall with this one, too… Bitcoin is a lot less risky at $43,000 than it was at $300. It’s now established, huge amounts of

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Edward Snowden Is Not a Fan of CBDCs

3 days ago

Edward Snowden – a former National Security Agency (NSA) employee that’s been hiding out in Russia for the past several years – recently emerged to state his opposition to the idea of central bank digital currencies or CBDCs. He stated that these assets pervert everything that cryptocurrency stands for, and that individuals would be foolish to get involved in these currencies.
Edward Snowden Says His Piece on Crypto
In an interview, he mentioned:
A CBDC is a perversion of cryptocurrency, or at least the founding principles and protocols of it. A crypto-fascist currency, expressly designed to deny you the basic ownership of your money by installing the state at the center of every transaction.
To an extent, Snowden undoubtedly has a point. Cryptocurrency was initially

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Vitalik Buterin Isn’t Crazy About Bukele’s BTC Agenda

3 days ago

El Salvador was one of the first countries to declare bitcoin legal tender. Quite a few people were happy about it and felt that this would potentially put the country on the map. However, some – like Vitalik Buterin – are angry that so many analysts, traders and general crypto fans continue to encourage president Nayib Bukele in his push to make bitcoin more than what it’s allegedly supposed to be.
Vitalik Buterin: Bukele Is Making a Mistake
Buterin is the co-creator of Ethereum, the primary competitor to bitcoin. In a recent interview, he was critical of the idea that business owners in El Salvador are being forced to accept bitcoin for goods and services. He recently stated:
Shame on everyone (ok, fine, I’ll call out the main people responsible: shame on bitcoin

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Two Texas Siblings Seek to Create Their Own Crypto Token

4 days ago

Not long ago, Live Bitcoin News produced an article about a pair of siblings living in Texas that had created their own successful mining business. Ishaan and Aanya Thakur – 13 (now 14) years of age and nine years of age, respectively – had studied mining videos on YouTube and converted old equipment to extract Ethereum and other forms of crypto from the blockchain.
Texas Siblings Take Their Love of Crypto to the Furthest Reaches
Now, these siblings are looking to take their knowledge of crypto mining to a whole new level. They want to make their own cryptocurrency.
In a recent statement, the kids say they are looking to release their own unique asset by the end of the year. Known as Flifer Coin, the siblings say they have hired programmers to assist them in their new

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How Cryptocurrency Is Tearing One Woman’s Family Apart

4 days ago

Cryptocurrency activity is all the rage as of late, so what does one do when they feel they have been cheated by family members who are seeking to do all they can to take advantage of growing crypto activities?
Cryptocurrency Has the Capacity for Good… And Not So Good Things
This seems to be the plight of one woman who has written in to financial news platform MarketWatch. Choosing to remain anonymous, the woman explained to the platform that her father reached out to her about potentially funding a new cryptocurrency venture, which she did. Ultimately, towards the end, everyone but her wound up reaping the rewards of the program. She doesn’t think this is fair, though she is now being ousted by her family for even bringing it up. They have called her “greedy” and a

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Crypto Exchange Nordik Coin Sets Its Sights on Asian Customers

4 days ago

Nordik Coin – a cryptocurrency exchange based in Estonia – is moving deeper into Asia.
Nordik Coin Is Moving To Asia and Oceania
Asia is a continent that has had a very mixed relationship with bitcoin and other cryptocurrencies. For example, China – one of the largest nations on the continent – has pushed all crypto miners off its turf, and now, regulators have announced that crypto transactions are fully illegal within China’s borders. Thus, anyone who engages in crypto activity is set to be punished.
In addition, India – which is second to China in terms of population – has stated that it is presently looking into following suit and making all cryptocurrency activity illegal and fully regulated.
At the same time, a new survey has been submitted by Chainalysis

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BTC Bull Andrew Yang Creates the “Forward Party”

5 days ago

Andrew Yang has announced his departure from the Democrat Party. He is now creating an entirely new political party known as the “Forward Party” and it’s going to be a major push for bitcoin and cryptocurrencies.
Andrew Yang: Once Again Putting Bitcoin at the Helm
Yang has often sought to make a name for himself in the worlds of politics and crypto. Many times, he has worked to place both these elements together. For example, in 2019, Yang announced a bid to run for President of the United States. He made heavy claims while serving as a Democratic candidate, a big one being that he was going to bring clearer regulation to the crypto spectrum.
Yang wasn’t the only one who was proposing clearer laws when it came to digital currency transactions and taxation. He was joined by the likes of

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US Justice Department Now Has Its Own Crypto Division

5 days ago

The U.S. Justice Department is establishing a new division that will look specifically into cryptocurrency crimes such as money laundering and theft.
The Justice Department Seeks to Have a Hand in Regulation
The idea of regulating the crypto space has been on the tables of many global leaders over the past several years. The trouble is that very few of these leaders have ever gotten around to doing something, which has ultimately proven to be both bad and good at the same time.
One the one hand, it can be argued that some form of regulation is needed if the crypto space is ever to be taken seriously. There are too many incidents of theft, hackings and other problems occurring. Not long ago, Coinbase – one of the largest and most popular cryptocurrency exchanges in the

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Bitcoin Has Boomed By Another $4,000

5 days ago

The bitcoin and cryptocurrency spaces are really starting to pick up speed. At the time of writing, the world’s primary digital currency by market cap is trading for just over $54,000, which is about $4,000 higher than where it was just a few weeks ago.
Bitcoin Continues to Make Its Mark On the World
The currency typically experiences bearish activity in September. In 2020, for example, the currency fell to about $10,000 per unit from $12,000 during the previous month. However, in October of that year, the asset rose to about $13,000 per unit.
Now, it looks like the pattern is repeating. The currency was initially trading for about $42,000 in late September following news that China was eliminating the legality of crypto transactions. The nation decided that all

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Women Are Using Bitcoin To Escape Regions Like Syria

6 days ago

People are seeking to use cryptocurrencies like bitcoin and Monero to escape jihad-controlled regions of the Middle East.
Bitcoin Is Playing a Big Role for Those Looking to Escape the Middle East
One such example is a girl simply known as “Sara.” This woman is a European affiliated with Isis. She is presently living in a camp in northeast Syria and is desperate to escape. Through an encrypted application, she put out the following message to anyone who would be able to access it:
I just need $15,000 dollars to escape to Turkey, Idlib or wherever. I already have $2,000. It’s a big amount, I know, but if you can spare anything…
As time has gone by, efforts by people like Sara to escape regions like Syria have taken on less conventional means, and individuals are

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Trump Expresses Concern About the Digital Yuan

6 days ago

Donald Trump – the 45th President of the United States – doesn’t want other currencies coming in and threatening the U.S. dollar. This includes bitcoin.
Donald Trump Doesn’t Want the U.S. Dollar Threatened
Trump has not always been friendly to bitcoin. He made several disparaging comments about the digital asset in 2019 that saw many people react negatively and lash out on Twitter. His comments were:
I am not a fan of bitcoin and other cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated crypto assets can facilitate unlawful behavior, including drug trade and other illegal activity.
Now, it looks like Trump is primarily worried about the digital yuan, the national cryptocurrency being developed by China. The

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Coin Switch Kuber in India Garners a Lot of New Funding

6 days ago

Coin Switch Kuber – a crypto asset platform centered on providing digital currency services within India – has garnered more than $250 million in Series C funding.
Kuber in India Gets Dough from Coinbase and Many Other Investors
The funding round was led by investors from Andreessen Horowitz (a16z). Other companies to get involved and provide money to the firm included Coinbase Ventures, Paradigm, Ribbit Capital, and Tiger Global. The firm is now officially valued at just shy of $2 billion.
India has had a very love-hate relationship with crypto. Except for China, it can be argued that no country has ever been so up and down regarding its feelings towards bitcoin. For example, roughly three years ago, the central bank of India – known as RBI – stated that no

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You Can Once Again Buy a Tesla with Crypto, but This Has Nothing to Do with Elon Musk

7 days ago

Tesla fans can once again purchase their next vehicles with crypto, though it really has nothing to do with Elon Musk.
You Can Buy a Tesla with Crypto, But Musk Isn’t Involved
The payment protocols come by way of a new company called Car for Coin, a digital currency marketplace designed to help crypto collectors purchase exotic and rare vehicles with their assets. Among the vehicles for sale on the site are Lamborghinis and, of course, electric Teslas. While there is always an option to purchase with fiat currency (USD), the preferred methods involve virtual assets.
The situation is unique in that those who are (or at least were) fans of Elon Musk and his electric vehicle company are now being given a chance to take advantage of a potential option that was open for

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Jay Clayton: The SEC “Cares” About Securities. That’s Why It’s Involved in Crypto.

7 days ago

As the former Securities and Exchange Commission (SEC) chairman, Jay Clayton oversaw the financial agency for approximately four years. He came down hard on the industry many times, and initiated penalties to companies that claimed their securities were mere “tokens” or “coins” that the SEC held no jurisdiction over.
Jay Clayton On the Future of Crypto
However, despite this hardcore attitude, Clayton is quite positive about the future of crypto. He thinks that blockchain is going to play a huge role in the future of business in both America and abroad, and he even serves as an advisor to Fire Blocks, a crypto custody firm.
In a recent interview, Clayton talked about some of the regulatory tactics he thinks are heading to the U.S. and where he believes crypto will go

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Pacsun Clothing Company Agrees to Crypto Payments

7 days ago

Clothing provider Pacsun has agreed to accept digital currency payments for goods and services. The company is just the latest in a string of firms to say “yes” to cryptocurrency payments and thus is pushing bitcoin and its digital counterparts closer towards their initial goals.
Pacsun Says “Ok” to Crypto Payments
While bitcoin and its crypto cousins have long served as speculative assets that traders can potentially get rich from, these currencies were initially created to push checks, fiat currencies, and credit cards aside. These other products are often issued by banks and standard financial firms, which seek to have more say in people’s financial futures.
Crypto, by comparison, doesn’t care about your history or what decisions you’ve made. All it cares about is

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A Single Gold Coin Purchased in 2011 Leads to a Bitcoin Fortune

8 days ago

A gold coin with a denomination of approximately 1,000 bitcoins was purchased in 2011. This is when bitcoin wasn’t trading for anywhere near the price it is at today. At the time, the coin was worth about $4,900. It stayed in a desk drawer for many years, ultimately forgotten about and lost to time.
A Gold Coin and Bitcoin Fused Into a Special Asset
However, now its owner – who wishes to remain anonymous – has pulled it out of that desk drawer and has had the currency valued at approximately $48 million. That is a massive return on investment, and the owner appears to agree, as he stated in an interview:
This is the greatest return on investment for any numismatic item, a staggering 9,786 times the purchase price in just ten years.
What’s ironic is that this person

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U.S. Bank Unveils New Crypto Custody Service

8 days ago

It looks like the need to cater to institutions’ growing desire for crypto is getting bigger and bigger amongst standard financial institutions. U.S. Bank has just announced that it is unveiling a new crypto custody service that fund managers can use to store both private keys and digital assets.
U.S. Bank Potentially Sees Crypto as Important
The idea of banks and crypto mixing is an unusual one, primarily because they are both so different. For one thing, banks seek to have control over one’s financial future. They decide who can gain access to tools and services. They look at one’s backstory, such as their job history and their debt-to-income ratio and decide who can garner bank accounts, credit cards, and other items necessary for making one’s life a little more

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Bitcoin Strikes $50K for the First Time in Months

8 days ago

Bitcoin has hit $50,000 per unit once again. The world’s number one digital currency by market cap has surged in recent days to a figure that it hasn’t seen in quite some time.
Bitcoin Is Spiking Like Never Before
As we have witnessed in the past, September tends to be rather bearish for bitcoin. This was never more evident than in 2020 when the digital currency – which was trading for about $12,000 per unit during August of that year – fell to about $10K just a month later. However, October saw the currency spiking back up to about $13,000.
This year appears to be bearing similar results. The currency had initially fallen into the mid-$40,000 range but is now up by approximately $6,000 in just the past few weeks alone. The news is particularly special considering all

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San Jose Joins Hands with Helium for New Crypto Mining Venture

9 days ago

The city of San Jose, California has a new plan in place that is set to benefit crypto miners and lower income families within the area. The plan is that these families will qualify for free internet services for approximately one year while city officials join hands with a blockchain company to mine Helium.
San Jose Is Making a Name for Itself in the Crypto Space
The California Emerging Technology Fund (CETF) will purchase approximately 20 separate hotspots from the Helium blockchain network. It will then set up these hotspots in various residences and businesses throughout the San Jose area. The purchase of the hotspots is to mine Helium cryptocurrency, though those that allow the machines to be set up in their vicinity will benefit from free internet services.
The

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Crypto Activity Is Exploding in Asia Despite China Actions

9 days ago

China has banned cryptocurrency. As one of the largest territories in Asia, one would think that the nation of China is setting the stones in place for a continent that has no desire or use for the world’s number one digital asset, but apparently, the situation has led to the exact opposite.
Asia Is Moving Ahead as a Crypto Haven
Despite China’s sudden hate for BTC, it looks like crypto activity in Asia has grown by more than 700 percent over the past few months, almost as though the rest of the region is working in retaliation for what China has done. According to a new report issued by blockchain analysis company Chainalysis, Southern and Central Asia and Oceania (CSAO) are currently part of the fourth largest crypto market in the world. As it stands, the crypto

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America Refuses to Ban Bitcoin; Asset Skyrockets

9 days ago

The prices of bitcoin and several leading altcoins have spiked over the past few days following an announcement from Jerome Powell – the chairman of the Federal Reserve – that the United States has no intention of banning crypto use.
Bitcoin Is Doing Better Now That America Gives the Greenlight
Several traders throughout America are likely breathing a heavy sigh of relief given that China has worked heavily to remove bitcoin from its turf, first by banning all miners and then by declaring cryptocurrency transactions and related activities illegal. Many were concerned that America would take a similar turn, though it appears this will not be the case.
Following this announcement, bitcoin shot up by approximately six percent, rising from roughly $44,000 to about $47,000

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El Salvador Is Using Volcanoes to Mine BTC

10 days ago

El Salvador is now using energy from nearby volcanoes to mine bitcoin.
El Salvador Is Putting Local Volcanoes to Good Use
President Nayib Bukele announced late last week that his country had minted what he called the first volcano-powered bitcoin unit. He also posted a video of bitcoin rigs being set up at a geothermal crypto mining operation stationed in a forest which happened to be near a volcano.
Thus far, El Salvador has only managed to extract roughly $280 in BTC through volcanic power. On paper, this is barely a fraction of what a full bitcoin is worth today. However, the process appears to be working and Bukele has stated that this will be a long-running project for the Central American country. Following the news, the price of bitcoin rose to more than

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SEC Sets Delays for Several BTC ETF Applications

10 days ago

The Securities and Exchange Commission (SEC) is once again delaying its decision-making process regarding new bitcoin-based exchange-traded fund (ETF) applications.
The SEC Cannot Seem to Make a Decision for Anything
This has been going on for years now. The SEC does not seem capable of making a choice regarding such a product. It just delays, delays, and delays some more, and right when you think a final decision is going to be made, the agency puts things off again. Since 2017, the firm has been getting applications for bitcoin and crypto ETF applications on its desk, and each time, the SEC has found a way to avoid the situation.
At the time of writing, there are approximately four new bitcoin ETF applications waiting in the wings. They are for the Global X Bitcoin

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Coinbase Hacked; More Than 6,000 Customers Lose Their Money

10 days ago

Coinbase – one of the largest and most popular cryptocurrency exchanges in the world – was the victim of a hack. It appears roughly 6,000 customers were affected between the months of March and May of this year.
Coinbase Compromised; Customers Lose a Lot of Dough
These customers of Coinbase had money stolen by the hackers. They also had their personal information exposed, such as their IP addresses, their birthdates, social security numbers, and their account balances. In a letter, Coinbase told affected customers the following:
In order to access your Coinbase account, these third parties first needed prior knowledge of the email address, password, and phone number associated with your Coinbase account, as well as access to your personal email inbox. While we are not

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