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Nick Marinoff



Articles by Nick Marinoff

Lawmakers Pressure Gary Gensler to Establish New Crypto Rules

11 hours ago

Gary Gensler and the Securities and Exchange Commission (SEC) are really feeling the heat when it comes to developing new regulations surrounding the bitcoin and blockchain spaces. The agency is now working “overtime” as CNBC puts it to establish a new set of crypto-related rules designed to pause volatility and potentially keep traders (and their money) safe.
Gary Gensler Is Now Under the Gun
Gensler has commented in a recent statement that while he wants the space to be much safer than it is, he does not want to stifle innovation. With so many new assets entering the arena on a regular basis, Gensler says that there is no greater time than right now for regulatory tactics.
According to an SEC statement, there are more than 6,000 separate cryptocurrency projects in

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El Salvador Is Still Experiencing Digital Wallet Issues

13 hours ago

El Salvador is reporting that more than half a million residents are using the new Chivo wallet system, which is designed to assist in the country’s rollout of bitcoin as an official legal tender.
El Salvador Doesn’t Have Much to Brag About
This would be fine and dandy except for one thing… El Salvador has more than 6.5 million residents. Thus, many individuals are either still not trusting bitcoin enough to use the wallet, or there are too many problems with the rollout, and at the time of writing, it looks like the latter may be the bigger reason.
El Salvador is touting this half-a-mill figure as something to brag about, but the fact remains that there are still many technical glitches preventing bitcoin from being utilized the way it should. It has been roughly two

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Altcoins Are Spiking Like Mad, and This Has Analysts Worried

15 hours ago

As altcoins spike heavily in recent weeks, many analysts and crypto heads are worried that the digital currency space is heading into dangerous territory similar with what it saw last May.
Altcoins Are All the Rage Right Now
About four months ago, the digital currency arena saw many assets spiking unexpectedly. Bitcoin, for example, had just reached a new all-time high of approximately $64,000 per unit, while Ethereum also hit a new peak of about $4,000. Many altcoins and competitors to BTC saw their prices jumping to unprecedented levels, though this eventually came back to bite them in the butt.
It wasn’t long before the crypto space saw a nasty dive that ultimately took prices down to their lowest points in many months. Bitcoin lost more than 50 percent of its

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The Crypto Mining Fight in China Is Not Over

1 day ago

It looks like China is still not done clamping down on the crypto mining space. Another region known as the Hebei province has agreed to comply with Beijing’s ruling that all crypto mining should be omitted from China’s workforce. The province is now claiming that the practice is illegal and must end within its borders no later than September 30.
China Is Still Kicking Miners Out
China shocked the world not too long ago when it decided that all crypto mining should cease. The idea was that energy used for crypto mining purposes was hazardous to the planet, and that it was setting humans on the wrong path. Thus, regulators stated that it was time to bring things to an official end.
What was most surprising about the ruling is that the country, at the time, was home to

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Analysts Say Putting Crypto in an IRA Is Not the Best Idea

2 days ago

Over the past few months, the idea of adding bitcoin or crypto to one’s retirement account has really picked up steam. There are many individuals out there that are looking for ways to diversify their portfolios as a means of preparing for retirement later in life, and thus they are looking to add cryptocurrencies to an IRA or similar product.
a Crypto-Based IRA Doesn’t Have That Many Possibilities
For many, inflation has become a very scary reality. Prices of goods and services are going up every two minutes. The housing market has spun out of control, and governments around the world are printing money like it grows on trees and pumping it back into their economies following the COVID pandemic that has ultimately ravaged the world during the past year and a half.

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Square Enters Pact Designed to Prevent Crypto Companies from Suing Each Other

2 days ago

Square – a payment firm run by the head of Twitter Jack Dorsey – is joining a non-aggression pact against cryptocurrencies. The pact is designed to reduce patent lawsuits against crypto and blockchain companies and push the world of digital currency more toward mainstream territory.
Square Wants Crypto Companies to Work Together
The pact is known as the Open Invention Network, in which members like Square can pledge royalty-free access to certain patents, data, and related information. The items contained within the pact are open source and are available to all at no extra costs.
In a recent interview, representatives of Square said that the kind of patent lawsuits that are hitting the crypto space every five minutes were once rather prominent in the world of

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Tone Vays and Cathie Wood Think BTC Is Heading to the Moon

2 days ago

Many crypto analysts have emerged to state that despite recent dips in the bitcoin price, they believe the world’s number one digital asset is going to rise from the ashes and potentially reach a rather high number in the coming weeks or months. One such figure is Tone Vays, a known crypto analyst that believes bitcoin could reach $100,000 rather soon.
Tone Vays On BTC: It’s Going Down, Then Up
In a recent interview, Vays commented that bitcoin’s recent behavior is reminiscent of how it acted in July. During that time, the asset fell to a disappointing $29,000 after it had been trading for just over $64,000 a few months prior. However, it didn’t take long for the cryptocurrency to jump back up to $52,000, and he believes that bitcoin could incur a similar rally this

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Interactive Brokers Will Soon Allow Customers to Trade Crypto

3 days ago

Interactive Brokers Group Inc. – a trading firm based in Greenwich, Connecticut – is opening its new cryptocurrency division.
Interactive Brokers Says “Yes” to Digital Currency
Customers of the firm will soon be able to trade and buy up to four different cryptocurrencies. They are bitcoin, bitcoin cash, Ethereum, and Litecoin. The company has stated that competition is growing given that many standard banks, hedge funds, and financial institutions are seeing their clients demand crypto service more and more, and thus they are working to initiate crypto custody and trading options to keep whoever’s already onboard from moving their money.
Interactive Brokers will be offering crypto services through its new partnership with Paxos Trust Co. The company is looking to make

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Sorry, Everyone. Walmart and Litecoin Have NOT Formed a Partnership

3 days ago

Walmart has been making a real name for itself in the crypto space. Many analysts were thrilled when the retailer announced not too long ago that it was looking to hire a crypto product specialist for its new blockchain division, suggesting that the firm was following in the steps of Amazon, one of its biggest competitors.
Walmart and Litecoin… If Only!
According to a recent news release, the company had engaged in a partnership with leading altcoin Litecoin, which emerged in the year 2011 following a hard fork of bitcoin, the world’s most popular digital currency. Following the issuance of the release, crypto fans celebrated on social media platforms and the price of Litecoin shot up by as much as 20 percent. It seemed like the asset was unstoppable… until it was

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MicroStrategy Bought More BTC… Then the Price Fell.

3 days ago

Known software firm and institutional bitcoin investing company MicroStrategy has just purchased more than 5,000 additional units of bitcoin for a whopping $242.9 million. At the time of writing, the company – following this recent purchase – owns close to $6 billion in BTC, the world’s leading digital currency by market cap.
MicroStrategy Just Keeps Buying Bitcoin
In a filing documented earlier this week, it was recorded that MicroStrategy purchased as many as 5,050 separate units of bitcoin at an average price of about $48,099. Already, this move is coming back to bite MicroStrategy in the butt. The company is so adamant to purchase more bitcoin that it is often losing money on its investments. For example, the asset has since fallen by close to $5,000 since the

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Bitcoin Has Fallen, and Whales Are Zoning In

4 days ago

The price of bitcoin has taken a bit of a dip over the past few days. The world’s number one digital asset – which was trading for over $45,000 per unit late last week – is now trading in the high $43,000 range, meaning that the currency has lost a couple thousand dollars in a short period, and it looks like whales are trying to take advantage of the situation.
Whales Are Buying Up All They Can
Whales are individuals that are classified as “big bitcoin owners,” for lack of better terms. It is estimated that these individuals own the most bitcoin in circulation, and that their accounts are stacked to the gills with cryptocurrency units.
Whenever BTC drops in price, whales tend to zero in and buy more of it, ensuring they can add extra bitcoin units to their portfolios

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Sveriges Riksbank Is Clearly Not a Bitcoin Fan

4 days ago

Not everyone is a bitcoin fan, and now it looks like Sveriges Riksbank – the governor of Sweden’s central bank – is adamant that the world’s number one digital currency is about to collapse, and thus holds no place in modern-day finance.
Sveriges Riksbank: Bitcoin Isn’t Going to Make It
The digital currency space has come quite far in recent years. The primary asset, bitcoin, has attracted some of the world’s largest and most prominent institutional investors, from software firm MicroStrategy to Square, a payment enterprise run by Twitter CEO Jack Dorsey. The currency has exploded in price, starting out for a few cents just over ten years ago to reaching roughly $64,000 per unit last April.
But while bitcoin has become a popular asset amongst many individuals, not

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No Taxes for Foreign BTC Investors in El Salvador!

4 days ago

El Salvador has announced that foreign bitcoin investors will not have to pay tax on the profits they make through cryptocurrency transactions.
El Salvador Makes Things Easy for Foreign BTC Investors
The news comes just a little over a week after the Central American nation declared bitcoin legal tender. El Salvador is the first nation to make such a move, and now it looks like several others – such as Paraguay – are interested in following in the country’s footsteps.
Government advisor Javier Argueta says that this is likely a move to encourage foreign investment in the country. In a recent interview, he states:
If a person has assets in bitcoin and makes high profits, there will be no tax. This (is done) obviously to encourage foreign investment… There will be no

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Lenny Moon Is Pushing Fly Coin, a Digital Currency Designed to Reward Frequent Fliers

5 days ago

We’ve all heard of frequent flyer miles. The more you fly, the more miles you’ll earn for future trips. Well, a cryptocurrency company is pushing a new digital asset known as Fly Coin, which will pay users in digital currency granted they engage in specific travel behaviors.
Fly Coin Will Reward Consistent Travelers
The company has recently brought on a new chief executive officer in the form of Lenny Moon. Moon will be tasked with overseeing the market launch of the company. He will also work to expand its horizons and develop a strong operational business plan that will see additional customers flocking to utilize its services and rewards.
Fly Coin has been around for some time already and has been available to flyers of the Ravn Alaska Airline. However, now it

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Allied and Finastra Are Creating a New Digital Wallet System for Banks

5 days ago

Allied Payment Network and Finastra are joining hands to create a new product known as the Allied Bitcoin Wallet, which will be available to customers of both platforms through the Finastra Fusion Store.
Allied and Finastra… The Perfect Match?
Created by Allied – and with assistance from the NYDIG – the product is built primarily for financial institutions who are looking to enter the crypto space. Standard banks and similar establishments will be able to use the wallet system to hold their customers’ digital funds. It will also allow them to offer individuals the opportunity to trade, buy, sell, and exchange some of the world’s most popular digital assets such as bitcoin and Ethereum. All crypto-related activity will be processed and overseen through a compliant

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Kevin O’Leary Discusses ETH and Crypto Regulation

5 days ago

Kevin O’Leary, aka Mr. Wonderful on “Shark Tank,” has always been around to discuss his thoughts and ideas on cryptocurrency.
Kevin O’Leary Always Has Something to Say
Not too long ago, the famed investor commented that he would no longer be purchasing any more bitcoin mined in China given that the country was not known for employing green methods when it came to mining crypto. This was all before China embarked on an anti-mining crusade that would ultimately see all digital currency mining firms exit the country before it was too late.
Now, however, O’Leary expressed new thoughts on other aspects of the crypto space, largely the Ethereum network, which he commented was “too slow.” He also said that the intent to sue Coinbase by the Securities and Exchange Commission

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Money Lion Is Opening a New Crypto Division

6 days ago

Digital finance platform Money Lion Inc. is opening a new cryptocurrency division in which customers can purchase, sell, and trade digital assets such as bitcoin. Clients can do so through the company’s latest cryptocurrency application, and individuals must have a debit card attached to their accounts.
Money Lion Is Paving the Way for Crypto Trading
In the future, the platform says that it is planning to add several additional cryptocurrencies for purchase. Dee Choubey – the co-founder and CEO of Money Lion – explained in an interview:
At Money Lion, we are always looking for ways to advance our mission of providing hardworking Americans with greater financial access, and we’re thrilled to now extend that access to allow our users to confidently explore the growing

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How You Can Donate Crypto To Fight Autism

6 days ago

The number of charities and non-profit organizations accepting crypto continues to grow, and now it looks like the Autism Science Foundation (ASF) has become the latest firm to say “yes” to BTC.
You Can Fight Autism Through Crypto Donations
If you’ve ever fancied using bitcoin to combat one of the world’s biggest issues, now may be the time. The ASF – a non-profit that seeks continued funding to research autism – says it is now accepting cryptocurrency donations to help it stay in practice. Thus far, the ASF has stated it will accept Ethereum, bitcoin, USD Coin (USDC), Dogecoin, Litecoin, bitcoin cash, and Dai.
Alison Singer – the co-founder and president of ASF – expressed her enthusiasm for the growing crypto space in a recent interview. She stated:
We are thrilled

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Argo Blockchain Is Building a Clean Energy-Based Crypto Mining Facility

6 days ago

Argo Blockchain – a crypto mining company stationed in London – has borrowed more than 18 million pounds from Galaxy Digital, the hedge fund run by crypto mogul and billionaire investor Mike Novogratz. The purpose? To establish a new mining project in Texas that runs entirely on green energy.
Argo Blockchain Has Set Its Sights on Texas
The argument for green energy in the crypto mining sector has grown exponentially over the past few months. There are many statements claiming that crypto mining uses more energy than many countries such as Iceland and Argentina. In addition, it has been said that crypto mining has as big a carbon footprint as the city of Las Vegas, Nevada.
Many prominent individuals working in the crypto space have also voiced opposition to how much

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UCLA B-Ball Player Jaylen Clark Releases New Crypto

7 days ago

Jaylen Clark – a college basketball player at UCLA – has become the first college sports player to release his own cryptocurrency.
Clark Makes Crypto – and Sports – History
Known as $JROCK, the product was announced last Thursday to approximately 22,000 followers on YouTube and nearly 60,000 fans on Instagram. Those following Clark and his sports career will have first access to the coin through a platform known as Rally, which Clark has partnered with. At the time of writing, the price of $JROCK is about 16 cents.
In addition to the coin, fans will also gain access to special ticket and merchandise giveaways. Clark joked about his entry into the world of entrepreneurship in an interview, claiming:
I’ve seen comments everywhere talking about how I’m the Black Elon

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Poll: One Quarter of Americans Want to Make BTC the Equivalent of Cash

7 days ago

According to a new YouGov poll, approximately one quarter of the people living in the United States are all for making bitcoin legal tender in the country.
The Poll Shows One Quarter Are in Favor of BTC Spending
The news comes after El Salvador became the first nation to instill BTC as legal tender on September 7. The country has long been dependent on USD, the native currency of the U.S. However, the nation appears to be interested in financial independence and is now looking to bitcoin to accomplish this goal. El Salvador instilled a system known as the “Chivo” wallet that would ultimately grant all residents approximately $30 in bitcoin and get them started on spending and trading digitally.
It looks like a healthy portion of residents in the United States want to

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All of Central America Is Becoming a Major Crypto Haven

7 days ago

It appears several countries in Central America are learning some lessons from El Salvador. Many of the nations in the region – including Guatemala, Panama, and Honduras – are now working to implement bitcoin as a staple currency or trying to establish digital currencies of their own.
Central America Suddenly Loves BTC
In Honduras and Guatemala for example, the central banks of both nations are experimenting with blockchain technology and working to establish bank-issued digital currencies for residents to use. Honduras central bank president Wilfredo Cerrato spoke at a forum in the country’s capital of Tegucigalpa and announced:
The Central Bank of Honduras has also recently begun, approved by the board of directors, to initiate the study… to determine the

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Investor Leon Cooperman Believes “Old” People Can’t Comprehend BTC

8 days ago

Leon Cooperman – a billionaire investor and the chairman of the Omega Investors – stated in a recent interview that anyone who doesn’t understand bitcoin is likely to be “old,” and that those who don’t trust it may take solace in gold, the world’s number one precious metal.
Leon Cooperman – BTC May Not Be as Strong as Gold
There has been an argument brewing for some time regarding which asset is better: bitcoin or gold. Many people often compare bitcoin with gold and even call it “digital gold” in a sense, claiming it boasts many of the same properties and can be utilized for many of the same purposes, such as a hedge against economic inflation.
According to Cooperman, there isn’t much of a comparison. He believes gold is and always will be a better store of value for

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Elizabeth Warren and Sam Bankman-Fried Spar on Twitter Over BTC Mining

8 days ago

Sam Bankman-Fried – the man in charge of the FTX cryptocurrency exchange – has engaged in an online Twitter feud with Massachusetts Senator Elizabeth Warren after the former presidential hopeful claimed that energy usage in the bitcoin community was contributing to the death of the planet.
Elizabeth Warren Doesn’t Like Bitcoin Mining
Warren – still under the impression that people are paying attention to her – tweeted a New York Times article claiming that the amount of energy used by bitcoin and cryptocurrency miners is roughly the same as many developing countries.
This is an argument we’ve been hearing for many years now. There are several studies out there claiming that the amount of energy used by BTC miners is equivalent to the amount of energy used in nations

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Ukraine Regulates BTC, Gives Crypto an Official Green Light

8 days ago

Ukraine is now the latest country in the world to legalize and regulate bitcoin and cryptocurrency. Up until this point, the world’s number one digital asset has existed in something of a gray space within the country’s borders, but now it looks like the nation is moving forward with BTC use, suggesting that the asset is becoming far more mainstream and legitimate.
Ukraine Says “Yes” to Crypto
The Parliament of Ukraine voted unanimously to not only permit bitcoin activity, but to implement the appropriate regulations to ensure malicious activity doesn’t bring the country down. The bill was first introduced in the year 2020, and now it looks like administrators have moved forward in making it law.
Until the passing of the bill, individuals could potentially trade and

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Remittance Payments in El Salvador Can Become Much Easier with BTC

9 days ago

One of the big reasons why Nayib Bukele – president of El Salvador – is pushing bitcoin so much is because he thinks it will lessen remittance fees. According to a new study, the implementation of bitcoin in the Central American country could wind up costing Western Union about $400 million each year.
El Salvador Could See Its Remittance System Change for the Better
Jaimie Garcia, a Salvadorian who fled to Canada at the age of 11, has been living abroad for some time after rebels bombed his house. He says he’s not a huge fan of Bukele, and yet he supports his bitcoin push as he needs to send money home to his family all the time, and using Western Union is a big pain in the rear end in his opinion.
In a recent interview, he discussed what makes using Western Union so

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Mike Novogratz Discusses BTC’s Latest Dip

9 days ago

Just a few days ago, bitcoin – the world’s number one digital currency by market cap – experienced a nasty price drop that saw it fall from about $52,000 per unit to roughly $45,000 per unit. The currency is experiencing a slow period of recovery at this time given that it has only jumped back above $46K, and according to Mike Novogratz – a hedge fund manager and crypto investor – the bitcoin plunge was the result of traders simply getting too excited about what was going on in the space.
Mike Novogratz On What Caused BTC to Fall
One of the big happenings in the news as of late is that El Salvador, a country in Central America, was working to make bitcoin legal tender in the nation. This was all set to occur and be solidified on Tuesday, September 7, though things got

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How “Bitcoin Beach” Is Helping El Salvador with Crypto

9 days ago

El Zonte is known as “Bitcoin Beach.” Located in El Salvador, the town has developed a reputation as being one of the leading digital currency regions out there. The city worked to make bitcoin legal tender long before El Salvador ever decided that the currency would be utilized throughout the nation.
El Zonte Is Helping El Salvador Push BTC Forward
El Zonte has come to the aid of Nayib Bukele, the president of El Salvador, and is pushing the bitcoin agenda and ensuring that people know what the currency is and how to use it. There have been many protests from residents over the past week or so who claim that bitcoin is being thrust upon them unfairly, and that the currency will make their nation prone to illicit behavior such as money laundering and terrorist

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Sports Stars Stephen Curry and Tom Brady Join the FTX Exchange Family as Ambassadors

10 days ago

Golden State Warriors guard Stephen Curry has joined forces with football legend Tom Brady to push the agenda of the new cryptocurrency exchange known as FTX. Both men are now serving as ambassadors to the company and will engage in a long-term relationship with the crypto platform.
Stephen Curry Becomes a Crypto Ambassador
In a statement, Curry explained:
I’m excited to partner with a company that demystifies the crypto space and eliminates the intimidation factor for first-time users. FTX is likeminded when it comes to giving back to the community in meaningful ways and I can’t wait to see what we can achieve together.
Both Curry and Brady will also be working with Jacksonville Jaguars quarterback Trevor Lawrence, who has agreed to a post with the trading exchange.

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The SEC Is Threatening to Sue Coinbase

10 days ago

The Securities and Exchange Commission (SEC) has issued Coinbase – one of the biggest and most popular digital currency exchanges in the world – with a Wells notice, meaning it plans to sue to the trading platform in court.
Coinbase Is Under Legal Threat
According to the letter, the SEC has taken issue with the company’s new Lend program, which allows crypto owners to lend out their cryptocurrency and earn interest on their assets. Several states have apparently said “no” to this program, claiming that it goes against present state-based securities laws.
A similar situation was seen not too long ago between Block Fi and the state of New Jersey. The Garden State had reached out to the crypto enterprise imploring it to end its interest-bearing accounts, claiming that

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