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Nick Marinoff



Articles by Nick Marinoff

Dydx, One of the World’s Newest Crypto Exchanges, Is Growing Like Crazy

1 day ago

Coinbase is one of the largest cryptocurrency exchanges in the world. There’s no denying that, but sometimes, even the big dogs can be outdone by little pups as Dydx has shown.
Dydx Is Looking to Be the Best of the Best
Dydx is one of the globe’s newest crypto trading platforms. The company is only about four years old, and yet its daily trading volume is larger than anything Coinbase has experienced in recent days. Based in San Francisco, CA, Dydx recorded a trading volume of just under $19 billion in crypto transactions on September 27 and 28 of this year. By contrast, Coinbase only processed about $6 billion in crypto transactions during that time.
Thus far for 2021, Dydx has garnered about $75 million in funding. It expects to hit the $125 million mark before we

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Jesse Sullivan, a Conservative with a Crypto Background, Is Running for Governor of Illinois

1 day ago

37-year-old Jesse Sullivan is a Republican businessman that’s entering the race for the governorship of Illinois. Right now, the governor’s position is held by J.B. Pritzker, a billionaire and heir to the Hilton hotel fortune.
Sullivan Is Making a Run for Governor
What makes Sullivan so unique? He established a nonprofit organization that survived primarily thanks to cryptocurrency donations. Sullivan has worked primarily as a venture capitalist prior to entering politics. His company – known as Alter Global – ultimately made limited financial investments in different projects, but most of the company’s funding came by way of cryptocurrency.
The structure of this business changed in January of 2020. Sullivan made the company a for-profit LLC, and to this day, the firm

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The Bitcoin Stash of Elon Musk Has Grown By Roughly $1 Billion

1 day ago

As we all remember, Elon Musk and Tesla shocked the world when back in February, they purchased approximately $1.5 billion worth of bitcoin, the world’s most popular digital currency by market cap. The company was one of the first institutions to add the digital currency to its balance sheet. Today, that $1.5 billion is worth approximately $2.5 billion, meaning Musk and Tesla have grown by about $1 billion in just eight months.
Elon Musk Made the Right Choice to Hold Onto His BTC
The journey has been interesting to say the least, considering Musk said that he would never part with his bitcoin. In addition, he stated that all bitcoin collected by Tesla would not be traded in for fiat. The company would hold onto the digital money in the hopes that it could HODL what it

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Coinbase Is Building a Whole New Platform Devoted to NFTs

2 days ago

Coinbase – one of the biggest and most popular cryptocurrency trading platforms in the world – has announced it is developing an entire marketplace devoted to non-fungible tokens (NFTs).
Coinbase Is Growing Through Its New NFT Market
The non-fungible token world is growing every day. With so many sports-related events and even artwork now being tied to NFTs, individuals have found a way to ensure all their memories and important moments are recorded permanently to the blockchain, ensuring they live on forever.
One of the biggest NFT examples to emerge in recent months comes by way of artist Beeple, who has been selling his artwork in NFT form at around $69 million a pop. At the time of writing, it is estimated that the NFT market is worth just shy of $11 billion.
In a

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Vladimir Putin May Be Open to Accepting Crypto in the Future

2 days ago

Russian president Vladimir Putin has stated that he is not a big bitcoin hater. In fact, he even hinted in a recent interview that Russia could be the next big country to declare the currency a national payment option in the coming future, though a specific timeline was not given.
Vladimir Putin Discusses Crypto
The discussion centering around crypto hails from a recent one-on-one Putin had with CNBC. A question regarding oil contracts being settled in crypto rather than dollars was thrown at the Russian president, and he answered with the following:
Cryptocurrency contracts? It’s too early to talk about this because cryptocurrency, of course, can be a unit of account, but it is very unstable. To transfer funds from one place to another—yes, but to trade, let alone

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Jurrien Timmer: Bitcoin Will Reach Six Figures in About Two Years

2 days ago

Jurrien Timmer – the director of Fidelity – believes that the price of bitcoin could reach $100,000 by the year 2023.
Timmer: The Price of BTC Is On the Verge of Exploding
At first glance, this prediction seems a little farfetched, especially when one considers the major hurdles bitcoin has been through over the past few months. Following news that Elon Musk was rescinding his decision to allow customers to pay for Tesla vehicles with bitcoin and that China was expelling all its crypto miners, the price of the coin fell dramatically. For a short time, the currency was trading below the $30,000 mark – a more than 50 percent drop from where it stood in mid-April ($64,000).
At the same time, the currency has gone through something of a rally over the past few weeks,

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Back Bay Baptist Church Says “Yes” to Bitcoin Donations

3 days ago

A Baptist church in the state of Mississippi has become the latest venture to accept donations in cryptocurrency. Back Bay Baptist Church in the city of St. Martin has announced that it will begin to accept digital currencies for any donations now that the coronavirus pandemic has allegedly made making standard fiat payments difficult for some attendees.
Back Bay Gives a Greenlight to Crypto Payments
Bitcoin and many of its digital counterparts were initially created to serve as payment tools. They were designed to push credit cards, checks and fiat currencies to the side, though this journey has been slow given that these assets and many others are prone to volatility and rapid price swings. It’s virtually impossible to predict when these currencies will move up or

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Eric Rosengren: A Digital Dollar Could Be Great for the U.S.

3 days ago

Eric Rosengren – the former president of the Federal Reserve Bank of Boston – stated in an interview that he is quite fond of the idea of a digital dollar. He thinks the United States would benefit greatly from using such a tool, and he’s convinced it will not get in the way of bitcoin’s path towards greatness.
Eric Rosengren Thinks a Digital Dollar Could Work for the Country
If only China could have such an attitude. One of the big reasons, analysts speculate, why China has ultimately eliminated both bitcoin and its crypto mining industry over the past few months is because the country does not want any competition for the digital yuan, which is the virtual form of its national currency. The asset was introduced in late 2019 and has already gone through several

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Sophos Discovers Scam Organization Looking to Steal Crypto from Online Daters

3 days ago

An international ring of scammers has its eyes set on crypto fans that are looking for love, according to Sophos cybersecurity researchers. The goal is to get them to give up control of their digital stashes, as well as their handsets.
Sophos Discusses New “Crypto Rom” Scam
The gang has been dubbed “Crypto Rom,” and according to Sophos, the organization has expanded from Asia into regions of both Europe and the United States. The structure of the scam works, in many ways, like catfishing. The person takes on a phony identity and matches themselves with other individuals looking for a “good time.” From there, they feign interest and pretend to be all the other person is looking for. They establish trust and not long after, request money – usually in cryptocurrency.

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Wild Pack Beverage Company Says “Yes” to Crypto Payments

4 days ago

Wild Pack Beverage Inc. has become the latest company to begin accepting bitcoin and crypto payments for products and services.
Wild Pack Brings the Crypto Payment World Closer to Reality
This has become a growing trend as of late. No doubt, the cryptocurrency space is becoming much stronger and heading deeper into mainstream territory as more and more view the asset space as something that is not only valid, but necessary. However, things didn’t start out on that path.
Initially, bitcoin and its digital counterparts were created to push things like checks, fiat currencies, and credit cards to the side. Bitcoin and many other altcoins were originally created to serve as payment tools, though things have been rough for these assets given their volatility and consistent

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Jon Cunliffe Insists the Crypto Space Must Be Regulated

4 days ago

The Bank of England’s new deputy governor Jon Cunliffe is telling regulators to get to work quickly when it comes to the growing cryptocurrency space.
Jon Cunliffe Says Regulation Is a Must
Digital currencies were ultimately created to push credit cards, fiat, and checks to the side. Basically, anything that’s issued by a bank or traditional financial institution. The world of crypto is designed to ensure that all traders and users can have the one thing that standard financial companies do not provide – monetary independence.
As it stands, when one pursues the aid or tools of a bank, they are putting themselves at risk of getting a big kick out the door. Many of these institutions will examine your past and look at things like your job history, your credit history,

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The US Bests China as the World’s Biggest BTC Miner

4 days ago

Up to this point in time, China has always been the dominant country when it comes to mining bitcoin. Sadly, the region has done all it can to eliminate its standing in the industry, and now it looks like another nation – the United States – has opened itself up to become the world’s primary leader in the world of bitcoin mining.
China Has Been Outdone By the U.S.
China was – at one point – home to about 65 to 75 percent of the world’s crypto mining projects. It also is the home of companies like Bitmain and Canaan Creative, which are arguably two of the world’s largest providers of bitcoin mining equipment. For a while, it looked like the nation was unstoppable in the industry… Until China became hellbent on stopping itself.
For reasons that are not entirely clear,

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Jamie Dimon Really Doesn’t Like Bitcoin

5 days 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

5 days 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

5 days 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

6 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

6 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

6 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

7 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

7 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

7 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

8 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

8 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

8 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”

9 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

9 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

9 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

10 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

10 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

10 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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