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Nick Marinoff



Articles by Nick Marinoff

Carl Icahn: Bitcoin Could Reign Supreme if Inflation Gets Worse

17 hours ago

Billionaire investor Carl Icahn believes that bitcoin’s potential will be realized in the coming future if the Fed continues to print excessive amounts of money.
Carl Icahn Thinks Bitcoin Could Become More Powerful
Ever since the coronavirus pandemic began, governments around the world – including the United States – have been issuing trillions of dollars in stimulus money to both individuals and businesses alike. While we can all agree that a little extra cash in our pockets here and there is a good thing, it’s not always great when it places the global economy in harm’s way, and according to many analysts, this is exactly what’s happened.
The constant delivery of stimulus funds has led to inflation, supply chain disasters, and many other issues that economies around

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A Bitcoin ETF Has Made It to the U.S., but Is It What Traders Are Looking For?

19 hours ago

A bitcoin-based exchange-traded fund (ETF) has finally made its way to the middle of North America. The United States has long awaited the introduction of a bitcoin ETF after many years have gone by of companies submitting applications only to have them rejected ungraciously.
A Bitcoin ETF Has Made Its Way to the U.S.
This new product is being offered by Pro Shares and is being traded on the New York Stock Exchange (NYSE). It trades under the ticker BITO, and investors can potentially buy their way into the bitcoin market without experiencing the risks they’d encounter when directly purchasing crypto on a digital exchange or similar platform.
Since 2017, many businesses and financial enterprises have worked tirelessly to get greenlights on their bitcoin ETF proposals.

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Facebook Picks Coinbase to Support Its Novi Wallet

21 hours ago

Coinbase is helping Facebook launch its latest cryptocurrency project Novi, a digital wallet. The product launched early Tuesday morning and Coinbase – one of the world’s most popular digital currency exchanges – was hired to assist with the logistics of the wallet.
Coinbase Is Facebook’s Knight in Digital Armor
The social media giant is offering a batch of varying digital currencies to users that will be stored on Coinbase. These assets are available to anybody who signs up to take part in the early testing of the Novi wallet. Following the news, stock in Coinbase rose by as much as two percent.
The product is designed to help people send and receive digital money no matter where they are in the world. The wallet will undergo a short period of testing in both the

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Georgia Plastic Surgeons Say “Yes” to Crypto Payments

2 days ago

Fancy a new facelift? What about a tummy tuck or a butt lift? The possibilities are endless given that crypto fans can now pay for plastic surgery with digital assets thanks to the open mind of Georgia Plastic and Reconstructive.
Georgia Plastic Is Okay with Accepting Bitcoin
The company is the latest to say “yes” to crypto payments and push the bitcoin agenda forward. Initially, digital currencies were designed to serve as payment currencies and push things like checks, credit cards and fiat into oblivion. Unfortunately, this has been a slow journey given that digital currencies are very prone to volatility and price swings.
This has made many retailers, stores and other businesses look upon the idea of crypto payments with disgust. They are not interested in

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Mark Cuban: BTC Is Much Stronger Than Other Coins

2 days ago

Mark Cuban has established himself as the latest bitcoin and crypto fan in recent months. In an interview not too long ago, the billionaire investor claimed that bitcoin held a “huge advantage” over other forms of digital currency.
Mark Cuban Believes Bitcoin Is Stronger Than Other Currencies
When it comes to serving as a store of value, Cuban believes that bitcoin – the world’s number one digital currency by market cap – has “zero competition,” and that it is the “best store of value on the market.”
This has a lot to do with how the algorithms behind bitcoin are set up. He claims that since bitcoin is limited and has a finite supply, it is an asset that ultimately increases in price as demand grows. This is the big separator, in his opinion, between bitcoin and

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Jack Dorsey and Square Are Looking to Simplify the Crypto Mining Sector

2 days ago

Jack Dorsey – the CEO of both social media giant Twitter and payments company Square – says that his latter company is looking into potentially creating a simplified mining rig that he believes will help the industry get stronger.
Dorsey and Square Tackle Crypto Mining
In a tweet last week, Dorsey explained:
Square is considering building a bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide. If we do this, we’d follow our hardware wallet model: build in the open in collaboration with the community.
Following the tweet, the price of bitcoin jumped to approximately $62,000 per unit, though at the time of writing, the currency has died down a bit and is trading for just over $61,000.
Still, the news is having a positive

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Mark Yusko On Bitcoin: There Could Be a Pause in Momentum if People Cash Out

3 days ago

Bitcoin is doing better than it has in a long time. The currency – which was trading for $64,000 per unit in April of this year – has suffered somewhat in recent months, experiencing some bearish behavior that ultimately brought it down below the $30,000 mark for a brief period. However, at press time, the currency is trading again above $60,000, and is only a few thousand dollars shy of where it was six months ago.
Bitcoin Has Reached a New Pinnacle
For the most part, everybody is happy… Everybody except Mark Yusko.
As a hedge fund manager, Mark Yusko feels that bitcoin is heavily overbought at its current price. He says that many investors are likely to sell their assets and take profits in the coming weeks, and this could hit the market hard.
In a recent interview,

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Coinbase Wants a Whole New Regulatory Department to Handle Crypto

3 days ago

In a recent statement, Coinbase – one of the largest and most popular cryptocurrency exchanges in the world – made a case for creating a whole new regulation department to oversee the processing of cryptocurrency transactions.
Coinbase Has Some Big Ideas Regarding Crypto Regulation
Right now, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are tasked with examining crypto activity and digital processes. However, these agencies are largely required to oversee divisions of the standard financial space. They are not as well versed when it comes to crypto, which is still a rather new industry, and Coinbase thinks a whole new department needs to be created to accommodate the changing and growing arena.
In coming up with a

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Teenage Boy Is Kidnapped After Talking About BTC Returns Online

3 days ago

People will go through great lengths to get their hands on cryptocurrency. After all, assets are booming like they never have before, and bitcoin is on the verge of once again hitting $64,000 per unit, which was the new all-time high it achieved in April of this year. However, who would be nasty enough to kidnap someone over it? This is the situation at hand as a 14-year-old boy was taken against his will after talking about his growing crypto stash on social media.
The Boy Made a Lot of Money; Others Wanted It
The boy is remaining anonymous at the time of writing, though reports have mentioned that he hails from England. He was stepping out of a restaurant in the town of Bradford when he was confronted by a gang of kidnappers who seized him, covered his mouth so he

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

4 days 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

4 days 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

4 days 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

5 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

5 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

5 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

6 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.

6 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

6 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

7 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

7 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

7 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

8 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

8 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

8 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

9 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

9 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

9 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

10 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

10 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

10 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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