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Nick Marinoff



Articles by Nick Marinoff

Singapore Wants to Introduce New Laws Restricting Retail Crypto Trades

1 day ago

Singapore says it’s considering introducing new laws that will make it much harder for crypto retail investors to trade digital assets during this time. The nation’s regulators say they are truly concerned about the ongoing risks involved with virtual money.
Singapore Is Worried About Crypto Trading
Singapore has stated that many people getting involved in crypto are simply doing so because they are experiencing fear of missing out or “FOMO.” Regulators say people are “oblivious” to the risks and are not considering all that could happen before they begin trading.
Despite the heavy levels of warnings and measures that the country has put out to its citizens, Singapore says that many residents continue to get involved in crypto without doing their homework, and that

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How Much Energy Will the Ethereum “Merge” Save?

1 day ago

Ethereum – the world’s second largest digital currency by market cap and the number one competitor to bitcoin – allegedly experienced its turn from proof of work (PoW) to proof of stake (PoS) just over a week ago.
Ethereum Has Completed the “Merge”
Many are wondering how much energy is slated to be saved now that Ethereum has made the move it’s been talking about for the past God knows how many years, and according to one analyst, Ethereum is slated to bring its energy use down by more than 99 percent.
In an interview, Alex de Vries – a Dutch economist that works with the Digiconomist website – explained:
They could cut off a huge chunk of their power demand. I will be working on quantifying that more accurately, but at least 99 percent (probably even 99.9 percent)

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Bitcoin Lost Further Following Jerome Powell Speech

1 day ago

Bitcoin took another hefty fall in late August. The world’s number one digital currency by market cap fell to just over $20,000 following the speech given by Jerome Powell of the Fed in which he talked about the state of the economy.
Bitcoin Is Continuing to Experience Bearish Trends
Powell hinted that more rate hikes were likely in order, meaning bitcoin is set to suffer further at the hands of what can only be considered, at this point, to be an extremely incompetent government that has proven incapable of seeing ahead, but not all bitcoin analysts are citing gloom and doom, and instead believe that the time to purchase BTC and potentially get rich is now.
Among those saying now is the time to buy is Jean-Baptiste Graftieaux, the chief executive of Bit Stamp. He

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Why BTC Use Is Growing in Argentina

2 days ago

Argentina is a country that has witnessed the death of its national currency, the peso. The asset has been devalued so much that many people in the country – despite the falling prices – continue to resort to bitcoin and other cryptocurrencies to survive and obtain the services they need.
Argentina Is Growing to Love Bitcoin
Romina Sejas is one such person who uses crypto on a regular basis. A native of Argentina, Sejas got her crypto start while working a job preparing pizza dough. One of her friends at the establishment suggested leavening the dough at his “mine.” Sejas was very confused by this statement and didn’t quite know what he meant. She said in a recent interview:
I was so confused. I thought mines involved men with helmets and picks.
What happened next

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Are Bitcoin Miners Making a Comeback?

2 days ago

Recent technical signals suggest bitcoin could be due for a breakout soon, something that’s sure to make investors everywhere squeal with joy.
Bitcoin Might Be Coming Back Soon
The crypto space has been doing rather poorly as of late, with bitcoin – the world’s number one digital currency by market cap – leading the way into the doldrums. BTC has crashed by more than 60 percent from its November 2021 all-time high of $68,000, and the crypto space has lost more than $2 trillion in valuation given how many large, mainstream coins have chosen to follow in BTC’s footsteps.
But the present hash rate – or the figure used to show how much bitcoin mining is occurring – suggests things may turn around for the currency. Matthew Kimmell – digital asset analyst at Coin Shares –

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Edith Yeung: Crypto Is Not in a Terrible Place

2 days ago

The crypto space is enduring a lot of problems as of late, but according to one analyst – Edith Yeung, a general partner at Race Capital – things aren’t as bad as they seem, and we’re not yet in a crypto winter.
Edith Yeung Is Confident in Crypto
In a recent interview, Yeung explained:
In some sense, the ‘warm winter’ is basically going to push out everybody who really [wants to be] there for short-term gain.
The price of bitcoin has gone through one of its most up-and-down periods. The currency rose to a whopping $68,000 per unit last November, thus achieving a new all-time high, but things took an ugly turn soon after that, and now, ten months later, it appears the digital asset everyone has grown to love so much is struggling just to maintain a position in the low

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Analysts Still Think $100K for Bitcoin Can Happen

3 days ago

Despite the overall bearishness of the crypto market, there are many analysts out there that seem to believe bitcoin still has what it takes to hit a $100,000 price.
Bitcoin Is Stronger Than It Looks Right Now
The state of bitcoin is rather poor as of late. The world’s number one digital currency by market cap has fallen into the doldrums and crashed like no other currency this year. The digital asset was trading for a new all-time high of about $68,000 per unit last November, though now (nine months later) it has fallen by more than 60 percent and is struggling to maintain a position in the low $20K range. It’s a sad and ugly sight to see.
Among the analysts talking about bitcoin are Martin Hiesboeck, the head of blockchain and crypto research at Uphold. He says that

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Pro Shares’ Simeon Hyman on Bitcoin ETFs

3 days ago

Simeon Hyman is the global investment strategist at Pro Shares. He recently sat down to discuss the current state of the crypto market and what he thinks the future holds.
Simeon Hyman on the State of Crypto
Pro Shares is famous for releasing the first official bitcoin exchange-traded fund (ETF) last year. While the product got a lot of flak for being based on bitcoin futures rather than actual spot trading – the former being considered less stable than the latter – it has also garnered a lot of attention and praise for bringing the crypto space to a whole new level of legitimacy.
Describing the launch of the Pro Shares bitcoin ETF, Hyman stated:
It was one of the most successful launches in ETF history, so that was a lot of fun. I have to say, I’ve done bell ringing

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BTC Podcaster Peter McCormack Has Helped Bedford

3 days ago

It was just over a year ago that famed bitcoin podcaster Peter McCormack purchased Bedford FC, a professional football club. While the move seemed odd at the time it occurred, it seems to have allowed the team to move in the right direction, proving once again that crypto and sports go hand in hand.
Peter McCormack Had a Vision for the Team
Bedford is now known as Real Bedford, and the team is on its way to the new South Midlands Football League Division One campaign. They have won their first four games and have scored 15 goals overall. All their activities have also been live streamed on platforms like YouTube.
Enthused by the great vision that McCormack had, Rob Sinclair – who used to work with Eynesbury Rovers – decided to backtrack his career a bit and serve as

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Bitcoin Depot Will List on the NASDAQ

4 days ago

Bitcoin Depot – arguably one of the biggest names in crypto ATMs – has joined hands with a firm called GSR II Meteora Acquisition Corp. The partnership enables Bitcoin Depot to become a publicly listed company, thus giving it an opportunity to follow in the footsteps of Coinbase, one of the world’s largest and most popular digital currency exchanges.
Bitcoin Depot Is Going Public
After the maneuver is complete, Bitcoin Depot will instead be known as Bitcoin Depot Inc., and it will trade on the NASDAQ under the symbol “BTM.” Brandon Mintz – CEO and founder of the firm – explained in a recent interview:
Today marks an important milestone for Bitcoin Depot. We are always looking to expand our reach so as many people as possible can access cryptocurrency to control their

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Are Crypto Scammers Becoming Less Busy?

4 days ago

The crypto space has been crashing and burning for the past several months, but it’s not just investors that appear to be suffering. Scammers – once so active in this unregulated arena – have also taken quite a few financial hits, suggesting there is some good news to the tribulations and trials being suffered by the crypto industry.
Scammers Aren’t Making Much Money
Over the past several weeks, we’ve been privy to a wide array of nasty headlines surrounding bitcoin and its digital counterparts. Companies like Celsius and Voyager Digital have been forced to enter bankruptcy proceedings; bitcoin is down more than 60 percent from its November high; and the crypto space has lost roughly $2 trillion in overall valuation.
It’s not a good time to be a crypto investor, but

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Houston Texans Say “Yes” to Suite Crypto Payments

4 days ago

The Houston Texans has become one of the few professional football teams out there willing to allow bitcoin payments for suites, suggesting once again that sports and crypto really go hand in hand.
The Texas Have Opened Their Minds to Crypto
Those looking to pay with bitcoin must do so through a company called Bit Wallet, a third-party entity that will convert the digital currency into fiat so the team can earn its funds. Houston Texans president Greg Grissom was excited about the partnership and commented in an interview:
We are proud to partner with Bit Wallet to offer an exciting option for our fans who are looking to enjoy Texans gameday in one of our suites. Bit Wallet is a perfect collaborator as we continue our efforts to move our organization forward in new

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Free Will Says All Future Crypto Donations Come with No Fees

5 days ago

Free Will – a philanthropic enterprise that engages in estate planning – says it’s established what it’s calling “Crypto for Charity” to ensure that all future crypto transactions and donations come with no fees. This means anyone that sends crypto to a non-profit on the firm’s roster will not be required to pay any more additional monies other than what they intend to give to the charitable cause.
Free Will Makes Crypto Donations More Cost-Effective
CEO of Free Will Patrick Schmitt commented in an interview:
We’re incredibly excited to announce that we’ve become the first to zero among our competitive set as it pertains to transaction fees when donating crypto. One of our foremost commitments is listening to our customers and acting on feedback, and what we’ve heard

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Report: TRON Crypto Requires a Lot Less Energy

5 days ago

With so many people worried about how much energy is utilized by mainstream cryptocurrencies, it’s strange that more individuals don’t turn their attention to TRON, one of ETH’s biggest competitors.
Is TRON the Ultimate Energy Saver?
There are many arguments surrounding the amount of energy use in the crypto space. It appears bitcoin mining uses more energy than many developing countries (there have been countless reports published on this issue), for example. People like Elon Musk – who has always been a crypto fan – have seemingly turned their backs on potential money-making opportunities because they are so worried about what the future of mining holds and the damage it can allegedly do to the planet.
Musk announced early last year that he was going to allow crypto

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Brian Armstrong on the Future of Coinbase

5 days ago

Brian Armstrong – the CEO of Coinbase – has issued a statement on the current position of bitcoin and crypto in general that’s got quite a few people worried. He said that he cannot predict what’s going to happen in the coming future, and he has also warned that virtually anything could happen. So, what does that mean?
Coinbase Has Been Moving Up and Down
The state of the crypto market isn’t doing well as of late. Despite a recent bull run in the later weeks of August, it appears bitcoin is struggling to maintain, yet again, a position in the low $20K range, which means the asset has lost more than 60 percent from its November 2021 all-time high ($68,000). In addition, the entire space has lost close to $2 trillion in overall valuation.
Several other digital

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Opinion: Crypto in the Age of Bankruptcy

6 days ago

When it comes to crypto, we’re witnessing a wide array of new elements that have not been witnessed before. We are seeing several companies – from Celsius to Voyager Digital to Three Arrows Capital – filing bankruptcy and taking drastic measures to protect themselves from incoming volatility and other market-based problems, and there’s a lot at stake.
Bankruptcy Is Becoming Too Common
Situations like these are really bringing the space down. People are now viewing crypto in the same light, and its image is being tarnished by what many traders and investors consider to be shady tactics taken on behalf of keeping executives safe.
Celsius, for example, took a lot of flak several months ago when as a means of fighting the hardcore volatility the market was facing, the

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Is Celsius Not Being Open Enough About Its Financial Situation?

6 days ago

Sasha Hodder – founder of Hodder Law Firm – has mentioned the U.S. trustee overseeing the Celsius Network bankruptcy proceedings is seeking the aid of an independent examiner due to the company not being transparent enough.
Is Celsius Trying to Hide Something?
Right now, Hodder is saying that the company and its CEO Alex Mashinsky have not been fully clear or honest about what kind of creditors are owed money, nor have they gone into detail about how much is owed. She stated in an interview:
If [Mashinsky] was being transparent, [the trustee] would not have a need to pull in an independent examiner.
Celsius Network is a crypto lending platform that a few months ago, announced it was halting digital currency withdrawals as a means of fighting ongoing volatility and

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Some Black Investors Aren’t Too Happy with Crypto

6 days ago

Cryptocurrency is widely touted as a means of helping black Americans gain access to financial opportunities they otherwise wouldn’t have. However, there are a lot of skeptics out there that say crypto is not doing what it claims.
Some Black Investors Don’t Think Crypto Does Enough
Cryptocurrency is built on the notion of financial freedom. It is widely stated that those who have been cut off by standard banking institutions or similar enterprises can find use through crypto and gain access to services and products they would need to survive. It is also mentioned that crypto can greatly help minorities.
However, not everyone is a believer of this latter statement. Samson Williams, for example, was working in the mortgage lending industry about eight years ago when a

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Stronghold Digital Forced to Sell Many Mining Rigs

7 days ago

The world of bitcoin mining has taken some serious blows, and it doesn’t look like the space is going to be recovering anytime soon. With prices falling to such drastic lows, it appears that many miners are either having to leave the space altogether or take drastic measures to ensure their money stays in place, as is the situation with firms like Stronghold Digital Mining.
Stronghold Digital Had Too Much Debt
As one of the biggest and most stable digital currency mining firms in existence, Stronghold Digital recently had to sell a whopping 26,000 mining rigs so it could pay off debt worth more than $65 million at the time of writing. The company issued a report explaining the following:
On August 16, 2022, Stronghold entered into an agreement with NYDIG ABL LLC

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Why Did Bitcoin Fall Again in Late August?

7 days ago

Bitcoin saw its price plunge in late August following a slow, but steady bull run. It looked like the world’s leading digital currency by market cap was on the verge of striking a $25,000 chord, but that clearly was not meant to be as things eventually took a turn for the worse and the asset dipped into the low $20K region again.
Bitcoin Saw More Bearish Conditions in Late August
The digital currency – along with many of its counterparts – suffered and reached new three-week lows. Interestingly, the falls took place at the same time as many stocks also dipped into oblivion. Several analysts feel this is occurring for several reasons, a big one being that traders and investors are moving away from risky assets.
There are also many concerns surrounding the Fed, as it is

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Scaramucci: BTC Will Be $300K in 2028

7 days ago

Bitcoin hasn’t been doing super well as of late, but Anthony Scaramucci – the former White House communications director under Donald Trump and the founder of Skybridge Capital – is saying that the price of the asset could reach a whopping $300K in six years.
Scaramucci Thinks BTC Will Grow Heavily
That’s right. Bitcoin could increase its price more than ten times by the year 2028. In a recent interview, Scaramucci commented:
In the next six years, if we are right, if bitcoin goes to $300,000 a coin, it will not matter whether you bought it at $20,000 or $60,000. I am just cautioning people. The future is upon us. It’s happening sooner than I thought.
Bitcoin reached a new high of $68,000 per unit last November, though the currency has since fallen deeply into the low

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Built with Bitcoin Establishes New School in Kenya

8 days ago

A non-profit organization known as the Built with Bitcoin Foundation has put together the funds necessary to build a new hybrid nursery and primary school in the center of Kenya, one of Africa’s most well-known and impoverished countries.
Built with Bitcoin Is Making Headway in Africa
The company uses bitcoin with the aid of local partners and communities to go around the world and provide things like quality education, proper food supplies, and even clean water to help struggling environments improve. The company also seeks to build things like sustainable farms, water wells, and schools to ensure the people in these areas have what they need to survive and prosper.
Executive director of Built with Bitcoin Ray Youssef is also the CEO of Paxful, a P2P (peer to peer)

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The Kraken Story: An Exchange to Offset Mt. Gox

8 days ago

Kraken – a popular cryptocurrency exchange founded in 2011 by Jesse Powell – has recently offered its books to auditors to show them the company has heavy reserves of BTC, ETH, and Tether on file.
Kraken Has Tried to Do a Lot of Good
Kraken was founded in San Francisco, CA, which appears to be the ultimate hosting grounds for many crypto businesses considering this is long where Coinbase was stationed before deciding it was going to operate on a fully remote business during the COVID pandemic. Kraken was also founded as a means of offsetting the damage done by Mt. Gox, a shady digital currency exchange in Japan that was responsible for one of the biggest security flaws in the history of the space.
Occurring in February of 2014, Mt. Gox saw more than $400 million in

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Bitcoin Growth was Outdone By Ethereum in August

8 days ago

Late August saw a huge flip in the digital currency arena. Bitcoin – the world’s largest number one digital currency by market cap – fell by several thousand dollars and eventually dipped below $22,000 for the first time in about three weeks, while Ethereum – the world’s second largest cryptocurrency and the main competitor to bitcoin – ultimately rose 100 percent from its June low of under $1,000 per unit and managed to surpass bitcoin’s level of growth.
Ethereum Is Really Moving Up
There have been several arguments surrounding the potential reversal of roles between Ethereum and bitcoin, and many analysts have often claimed that there may come a time when ETH beats out BTC to become the primary digital currency. This recent price switch between the two assets

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Crypto.com Has Let Go of Hundreds of Workers

9 days ago

More crypto companies appear to have laid off their staff members. The only difference between them and Gemini and Coinbase is that they apparently did it in secret. The layoffs occurred some time ago and never made it to the news prior to now. One would assume the companies in question likely sought to avoid publicity for the move given how much flack the previously mentioned enterprises have received for their actions. Among the firms to have let employees go is famed crypto exchange Crypto.com.
More Than 200 Crypto.com Employees Are Now Jobless
Crypto.com has allegedly let go of as many as 260 employees, roughly five percent of its workforce. It has also been reported that the layoffs didn’t stop there and that the firm has ultimately let go of hundreds more

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New Crypto Exchange Bit Castle Opens for Business

9 days ago

During a time when many crypto companies and lending firms appear to be on their last legs, during a time when many digital asset enterprises are making their way out the door or cutting back on expenses and operations, others are flourishing, one of which is the new exchange Bit Castle based in the island nation of St. Vincent and the Grenadines (in the Caribbean).
Bit Castle Is Now Operational
The crypto space has not been doing well these past few months. Several prices of leading digital currency assets have really stumbled, with bitcoin being the prime example. The world’s number one digital asset by market cap was trading at a new all-time high of approximately $68,000 per unit in November of last year. However, now (just ten months later) the currency is doing

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Crypto Commercials Are Beginning to Die Down

9 days ago

Several reports show that crypto television ads are beginning to vanish or die down. What was once a rather prominent thing to do (create crypto commercials) is now almost becoming passe or uninteresting to many media companies.
Crypto Commercials Are Vanishing
Crypto has taken a lot of flak in recent months. Right now, the space is doing rather terribly when it comes to prices, which could be one of the reasons why so many television ads are no longer making their way to the small screen. It could be that companies do not see the value of them anymore as with prices being as low as they are, people are less prone to investing. Thus, they don’t want to spend money and see no returns.
Bitcoin, for example, was trading at a new all-time high of roughly $68,000 per unit

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Riot Blockchain Earns a Lot of Money for Scaling Back Crypto Mining Energy Use

10 days ago

Riot Blockchain, Inc. is a company that both hosts and mines bitcoin units. In a recent announcement, the company said it received more than $9 million from the Texas state power grid manager to cut back on its mining efforts and give the state a break as it reached peak energy demand from residents and businesses alike.
Riot Blockchain Is Willing to Compromise
Riot Blockchain is one of the largest, most well-known crypto mining facilities in the world. In a recent interview, Jason Les – the CEO of Riot – explained:
As energy demand in ERCOT [Electric Reliability Council of Texas] reached all-time highs this past month, the company voluntarily curtailed its energy consumption in order to ensure that more power would be available in Texas. Riot curtailed a total of

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The Fed Wants to Pave the Way for Crypto

10 days ago

The Fed has done a sudden reversal of the mind and is calling for Wall Street to put systems in place that will allow banks and other standard financial institutions to better deal with the growing crypto space.
The Fed Thinks Crypto Should Be Studied
The Fed appears to have been hellbent as of late on bringing the crypto space to its knees. The organization has done nothing but hike interest rates over the past few months as a means of trying to lower inflation. However, these rates have done nothing but bring crypto prices down. The prices of food and gasoline are still at all-time highs, people cannot afford houses or vehicles like they could just a year ago, and bitcoin and many of its digital counterparts are traveling through the doldrums.
But clearly the Fed is

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Online Crypto Gambler Edward Craven Just Bought a Huge House

10 days ago

Edward Craven is an online crypto gambler and entrepreneur that just bought the most expensive house in Victoria, Australia with his earnings.
Edward Craven Owns a Very Expensive Home
Craven owns an online crypto casino called Stake.com. As a lover of slot machines, Craven says he’s got a funny feeling that his luck is about to get very serious. He commented in a recent interview:
Me personally, I don’t know. I get this funny feeling that my luck is due.
At the age of 27, he has purchased a home worth more than $80 million. It is the priciest home in the region and one of the most popular, long salivated over by real estate enthusiasts in the region. Craven has special plans for the house; he’s going to demolish it and build an entirely new one in its place.
Born in

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