Friday , April 16 2021
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Nick Marinoff



Articles by Nick Marinoff

Gryphon Digital Mining Is Opening the Door to Completely “Clean” BTC

1 day ago

Gryphon Digital Mining has just completed a new funding round in which the company has raised a whopping $14 million to launch a new bitcoin mining firm that will leave no carbon footprint.
Gryphon Digital Mining Has Raised a Lot of Money
The hate towards bitcoin mining appears to be growing now that bitcoin has reached its new all-time high of more than $60,000 per unit. The idea is that granted bitcoin’s price grows, so do its mining costs and requirements, which are thus potentially causing serious harm to Earth’s environment. It has been widely argued that bitcoin mining requires more energy that several developing countries including Argentina and Iceland, and that it leaves as big a carbon footprint as the city of Las Vegas, Nevada.
Furthermore, it looks like

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Kevin McCarthy: BTC Regulation Must Become a Priority

1 day ago

As bitcoin hits a new all-time high this week of just under $63,000 per unit, it appears that several members of Congress have different feelings towards the world’s number one digital currency by market cap. Kevin McCarthy – the House Minority Leader and a Republican from California – has reported that he is a fan of bitcoin, and that the U.S. government needs to wake up when it comes to implementing the appropriate regulations.
Kevin McCarthy: The U.S. Is Losing Out
In a recent interview, he stated:
This is something that those who regulate, those who are in government, that make policy, better start understanding what it means for the future because other countries are moving forward, especially China. I do not want America to fall behind. I want the next century

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MicroStrategy Directors to Receive Salaries in BTC

1 day ago

Software firm MicroStrategy is making new headway with bitcoin and says that all its non-employee board members will be paid in BTC rather than cash.
MicroStrategy Is Pushing Further Bitcoin Adoption
The company has been one of the most supportive of the world’s number one digital currency by market cap. During a time when most of the globe’s institutions were still afraid to step in and take control of the financial reins, MicroStrategy led the way by being one of the first largescale companies to ever pledge public support for the asset. The company also took this support to a new level when it decided to purchase more than $250 million in BTC. During that time, bitcoin was trading for around $12,000 per unit (August of 2020).
However, the purchase appeared to be a

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Coinsbit Opens in India, but Was Now the Right Time?

2 days ago

There is a new cryptocurrency exchange heading to India. The company is called Coinsbit, and while this is not exactly a new trading firm – it has existed in Europe for years – the company is looking to expand into a region that is having a hard time making up its mind about cryptocurrency.
Coinsbit Opens Its Doors in India
The exchange this time around will be known as Coinsbit India, and all new users who decide to sign up and take part in the know your customer (KYC) protocols enforced by the trading platform will get a special reward of approximately $200 in USD. It will be one of the largest airdrops witnessed within the country. In addition, users will have the chance to earn referral bonuses should they decide to bring additional traders on board.
While all

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Raoul Pal: Bitcoin’s Volatility Isn’t Such a Bad Thing

2 days ago

Raoul Pal – a former hedge fund manager with Goldman Sachs – explained in a recent interview that bitcoin’s volatility should not scare investors off too much.
Raoul Pal Is Positive Towards Volatility
To an extent, we cannot help but agree somewhat. Everyone wants to make such a big deal out of the price swings that bitcoin and its crypto cousins have been prone to for so long. The fact is that without this volatility in the picture, bitcoin and digital currency investors likely never would have experienced the riches they are seeing in their portfolios today.
Bitcoin’s volatility cannot be anything but good so long as the cryptocurrency moves north. In the past, it has done both. Bitcoin has gone up and down. When it travels south, everyone suffers. People lose money

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Bitcoin Spikes Following “Public Debut” of Coinbase

2 days ago

Today is April 14, the day that Coinbase is slated to hit the stock market. Everyone has been talking about this for some time, and the move is expected to bring the cryptocurrency market even deeper into mainstream territory. As a result of the exchange’s first trading week arriving so fast, the price of bitcoin has jumped beyond the $60,000 mark, and many think the asset is likely to go even higher as trading progresses.
Coinbase Is Now Public, and Bitcoin Reacts Positively
Thus far, the company has garnered approximately $800 million in profit throughout the year. This is more than the $322 million it made in 2020. During that period, the company pulled in revenue equaling roughly $1.3 billion. Throughout the first three months of this year, the revenue earned by

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Elon Musk Seems to Want Bitcoin to Go Much Higher (Can You Blame Him?)

3 days ago

Bitcoin just keeps surging higher and higher, and men like Elon Musk are quick to do their parts in helping the world’s number one digital currency by market cap reach its potential peak.
Elon Musk: Bitcoin Is Going “To the Moon”
The South African entrepreneur behind such billion-dollar companies as Tesla and SpaceX seems to jump back and forth between his love for Dogecoin and bitcoin. While BTC is considerably larger, there is a special aspect of Doge that seems to really tug at Musk’s heartstrings now and again. Recently, Musk commented that he was hoping to fly Dogecoin to the moon… and leave it there. That’s right. He wanted to fly some units of Doge all the way up to our lunar neighbor and leave it on its surface.
Why would he do this? Who knows? The point is

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JPMorgan Thinks BTC Could Surpass $100K By the End of the Year

3 days ago

Financial giant JPMorgan recently stated in a new report that the world’s number one digital currency by market cap – bitcoin – could potentially reach a price of around $130,000 by the time the year is out.
JPMorgan Is Predicting Big Things for BTC
In the document, JPMorgan writes the following:
Considering how big the financial investment into gold is, any such crowding out of gold as an alternative currency implies big upside for bitcoin over the long term. A convergence in volatilities between bitcoin and gold is unlikely to happen quickly and is likely a multi-year process. This implies that the above $130,000 theoretical BTC price target should be considered as a long-term target.
JPMorgan appears to be one of those companies that is having a hard time making up

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BNY Mellon Thinks $100K for Bitcoin Isn’t Strange

3 days ago

Bitcoin is doing extremely well as of late. Many analysts are contemplating whether the world’s number one digital currency by market cap could potentially reach a six-figure price of around $100,000 or more by the end of the year, and now it looks like Wall Street is beginning to get interested in this idea.
Bitcoin Just Keeps Getting Bigger
In the past, Wall Street players and banks have often dismissed bitcoin and its fellow crypto mates given that they were volatile and extremely risky. The fact is that they still are, but the good news is that many people are willing to overlook these aspects and accept crypto as a new store of wealth; something that could potentially keep one’s portfolio safe during times of economic strife.
This new attitude came about during

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Peter Thiel On Bitcoin and Threats from China

4 days ago

Peter Thiel – a libertarian and the co-founder of PayPal, arguably the largest digital payment platform in the world – has taken some serious guff over the past week thanks to some comments he made about bitcoin and China.
Thiel Doesn’t Want China to Use BTC Against America
In a recent interview, Thiel commented that the Chinese could potentially weaponize bitcoin and use it against its enemies like the United States. He recommended harder regulation be put in place so that things like this cannot occur in the future. While Thiel appears very certain that an event of this capacity could happen, others – such as Mike Novogratz – feel that the comments are unjustified and suggests there is little evidence that China could perform such an action.
Still, Thiel remains

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Riot Blockchain Is Becoming Bigger Than Ever

4 days ago

Riot Blockchain – arguably one of the largest and most well-known bitcoin and crypto mining firms out there – is set to acquire Whinstone US, Inc. for approximately $80 million. Through the acquisition, Riot gains access to several of the company’s stock shares, as well as additional assets and operations. In all, the total value of the acquisition is said to be more than $650 million.
Riot Blockchain Just Bought Whinstone
One of the most significant points of the move is that Riot will now be the largest, publicly traded crypto mining company in all North America. Jason Les, the CEO of Riot, explained in an interview:
The acquisition of Whinstone is the most significant achievement in Riot’s growth to date, and positions Riot as an industry leader in bitcoin mining.

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People Just Don’t Stop Buying Bitcoin

4 days ago

Bitcoin has been doing extremely well as of late. Late last week, the world’s number one digital currency by market cap briefly rose above the $60,000 line to bring investors into a whole new state of euphoria. As it turns out, many traders are heavily continuing their bitcoin investing given that several analysts are convinced this is just the tip of the iceberg. Bitcoin is expected to continue rising throughout the year, and there are many individuals out there that are trying to prepare for that.
People Aren’t Stopping When It Comes to Bitcoin Buying
Lennard Neo – a financial analyst and the head of research at Stack Funds – said in an interview:
The spikes in bitcoin outflows from exchanges typically coincides with upside price action in the following days, as

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Mike Novogratz: A Digital Dollar Is Necessary

5 days ago

Billionaire investor and former hedge fund manager Mike Novogratz is saying that the United States is going to seriously fall behind granted it does not develop a digital dollar in the immediate future.
Mike Novogratz: We Need a Digital Dollar
Mike Novogratz has always been a huge bitcoin and cryptocurrency advocate, and he feels that in many ways, digital assets will be the future of money. Thus, he is urging the United States to take control of the financial reins. He feels the country is falling behind, and risks losing its competitive edge to nations like China, which already has a digital yuan in play.
In a recent interview, he claims:
To me, it is an existential crisis. We need a digital dollar.
For the most part, the U.S. has been rather slow when it comes to

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So, What DO Investors Think of the New Coinbase Stock?

5 days ago

For diehard cryptocurrency investors, the answer to their prayers has typically been bitcoin, the world’s number one digital currency by market cap. However, while the currency has been spiking like no other asset, it remains as volatile as ever. Many traders still see bitcoin as risky, and for this reason, stock shares in Coinbase – set to debut on the Nasdaq next week – might be the alternative tool they seek.
The Coinbase Stock Is Heading Our Way
Coinbase initially announced in late 2020 that it was planning to go public. Now, as April 14 approaches, many crypto traders believe that the exchange’s newly listed stock is going to move the cryptocurrency world deeper into mainstream territory, while others say this will be a good opportunity to alleviate some of the volatility associated

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Mike McGlone: Bitcoin Could Reach $400K This Year

5 days ago

Bitcoin has surged like no other asset. The currency is presently trading for about $58,000 – just $3,000 shy of its all-time high. However, while this may all sound dandy at first, there are many analysts out there who seem to think this is just the tip of the iceberg. They claim that bitcoin is going to continue skyrocketing this year – so much so that it may end up reaching $400K per unit by the end of 2021.
Bitcoin Is Likely to Spend the Rest of the Year Increasing
Is this even possible? While bitcoin has been jumping like crazy over the past year or so, it seems like for it to surge from where it is now to such a high level is a bit of stretch. Basically, the currency would have to jump by more than $300,000 within eight months for this prediction to come true. A

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Crypto Crime Takes on New Form in Recent Italy Harassment Case

6 days ago

Crypto crime is no laughing matter and as we have seen in the past, it can take on many forms. It does not always come in the shape of a cyberattack or a hack on an exchange. Rather, sometimes people will try to use crypto to hide their malicious intent.
Crypto Crime Isn’t Always a Hack
One recent case allegedly involves a man in Rome, Italy, who is presently under house arrest after being accused of paying an attacker approximately $12,000 in BTC to maim his ex-girlfriend. Police claim that details of the attack are fierce, and that the event would have likely led to the victim living out the rest of her life in a paralyzed state. Thankfully, the woman is not hurt and remains unscathed following the European Union’s involvement in the case. This prompted Italian authorities to find the

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Several Leading Crypto Organizations Form the CCI to Promote BTC Education

6 days ago

Several leading digital currency businesses – including Square, Fidelity, Paradigm and Coinbase – are launching an organization known as the Crypto Council for Innovation (CCI) designed to help regulators, policymakers, business owners and investors better understand the benefits of digital currency.
The CCI Is Here to Dispel Some Myths
The CCI is all about education and seeks to provide the information necessary to ensure companies and individuals alike know what it is they need to do to get involved in cryptocurrency and make smarter decisions. Chief policy officer at Paradigm Gus Coldebella explained in a recent interview:
This work will require sharing insights and analysis about crypto while correcting the misperceptions that inevitably accompany a transformative

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Hester Pierce: It’s Not Possible to Get in Bitcoin’s Way

6 days ago

Hester Pierce – the commissioner of the Securities and Exchange Commission (SEC) – says that she hopes the U.S. government is not stupid enough to try and ban bitcoin activity, as there is no way it could ever stop people from trading it or being involved.
Hester Pierce: The Government Can’t Be This Naive
Pierce is often dubbed the “Crypto Mom” given her loose stance on cryptocurrency regulation. She believes that many digital assets are legitimate methods of finance, and that they will become cemented in the monetary space within coming years. She also feels that the U.S. has been rather slow in its adoption rate and hopes things will change to ensure America remains on top as a financial innovator.
In a recent interview, Pierce states:
I don’t see how you could ban

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How Did Lolli Get to Be Such a Big BTC Business?

7 days ago

Bitcoin rewards company Lolli is getting some attention and money from a lot of big people. The firm recently completed a $5 million pre-Series A funding round that garnered cash from the likes of Serena Williams and her husband.
Lolli Just Keeps Getting Bigger
Alex Adelman is the co-founder and CEO of Lolli. In a recent interview, he stated that his reasoning behind the firm’s creation was that he wanted to reinvent how people earn rewards for their daily shopping. His company has since partnered with the likes of big names such as Nike and Sephora.
He states:
I believe in everything about bitcoin. We want to make it as simple as possible for people to get bitcoin for their everyday purchases.
At 32 years of age, Adelman first began getting involved with startups

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Mark Yusko: All Companies Need to Consider BTC

7 days ago

Mark Yusko – the founder and chief executive officer of Morgan Creek Capital Management – feels that bitcoin has become large enough and strong enough in recent days that it can no longer be ignored by investors or companies.
Mark Yusko: We Can’t Ignore Bitcoin
In a recent interview, he comments:
We really believe that we’ll look back five years from now and it will be deemed fiduciarily imprudent to have zero exposure to digital assets.
As it stands, many companies – some of which are quite large – have already begun to invest hundreds of millions to billions of dollars in the world’s largest digital currency by market cap. Both electric car company Tesla and software firm MicroStrategy are enterprises that have invested quite a bit of money in the asset, while other

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Following Coinbase, Kraken Will Issue Public Stock

7 days ago

It sounds like everyone is learning from Coinbase. The popular cryptocurrency exchange in San Francisco, California, announced last year that it was getting ready to go public. The trading platform will begin trading on the Nasdaq next week on April 14, and now it looks like Kraken is going to follow suit.
Kraken Is Heading Down the Coinbase Road
Kraken is another large cryptocurrency exchange. Also stationed in northern California, it is a direct competitor to Coinbase, though it claims it was not directly inspired by the platform. Rather, Kraken saw its trading volumes skyrocket during the first quarter of 2021. With these volumes reaching new heights, executives felt now was the right time to expand.
Founded in 2011, Kraken is slightly older than Coinbase and has roughly six million

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C. Palihapitiya: I Should Have Invested in Coinbase

8 days ago

Coinbase is all set to be traded on the Nasdaq beginning on April 14, and while the time for average Joes and Janes to invest in one of the world’s largest cryptocurrency exchanges has finally come, it appears many high-ranking financial players had an opportunity to invest in the digital platform during its early days. Sadly, some – such as Chamath Palihapitiya – did not take advantage of the circumstances when they were available.
Coinbase Is the Envy of the Crypto World
Billionaire investor and Virgin Galactic chairman Palihapitiya said in a series of tweets recently that he had the chance to invest in the cryptocurrency exchange many years ago. While he had an opportunity to purchase part of the company when it was seeking early funds, he passed on this given that

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Mark Cuban The Future of Crypto Lies with Ethereum

8 days ago

Not too long ago, billionaire investor and owner of the Dallas Mavericks basketball team Mark Cuban commented that he owned quite a bit of bitcoin, but that his crypto portfolio also contained a healthy portion of Ethereum. While his initial sentiment was that Ethereum was considerably closer to a currency that bitcoin was, new ideas have been expressed, and Cuban allegedly seems to think that the future of the crypto space will rely heavily on ETH-based developments.
Mark Cuban: Ethereum Will Seriously Outweigh BTC
In a recent interview, Cuban says that he is quite impressed with Ethereum given that it boasts smart contract capabilities and that it has given rise to the decentralized finance (defi) space. Over the past few years, Ethereum has established its

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Coinme Is Establishing BTC Kiosks Throughout the Sunshine State

8 days ago

Coinme – a bitcoin kiosk company operating in the United States – has just installed approximately 300 separate bitcoin cash machines throughout the region of Florida, thereby allowing people to trade bitcoin for cash and vice versa and potentially boost further purchases with cryptocurrency.
Coinme Is Building a Crypto Kiosk Community
The company is hoping to start out small. Most of the kiosks have been stationed in grocery outlets and similar establishments. This, executives hope, will prompt people to begin making occasional everyday purchases with bitcoin. Should you need to run to the store to buy milk, bread and eggs, you can do so with a little BTC rather than through cash or with a credit card.
Bitcoin ATMs and related machines are all the rage as of late,

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Report: Bitcoin Mining May Require More Electricity Than Three Quarters of the World’s Nations

9 days ago

A new report suggests that bitcoin mining operations are likely to exceed the energy requirements of more than 180 countries by the year 2024.
Bitcoin Mining Is Needing Too Much Electricity
As of late, bitcoin mining has been taking a lot of guff from environmentalists and people who just are not that crazy about the cryptocurrency world. They claim the process of mining bitcoin leaves a harmful mark on the environment – one that is not likely to disappear anytime soon, and they are concerned about the future and their children’s well-being.
Thus far, it has been stated that bitcoin mining exceeds the energy requirements of countries such as Sweden, Iceland and Argentina, and that the carbon footprint left behind by bitcoin mining is equivalent to the one caused by

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Todd Rosenbluth: It Will Be 1-2 Years Before the U.S. Approves a BTC ETF

9 days ago

Todd Rosenbluth – head of ETF and mutual fund research at CFRA Research – mentioned in a recent interview that he thinks a bitcoin or crypto-based exchange-traded fund will appear in the United States within the next year or two.
Rosenbluth Still Thinks It’ll Be a While Before We See a BTC ETF in the U.S.
Rosenbluth comments:
We’ve got a number of firms that have either gone through the filing process or have previously filed but are waiting for more clarity. The SEC is less likely to try to pick a winner, we think, as to who comes first, and we are more likely to see them – if they do approve any ETF – approve multiple bitcoin-related ETFs. We’ve got a number of firms that have entered, and we think we’re likely to see one in the coming year or two, but we don’t have

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Crypto Industry Reaches $2 Trillion Market Cap Following Ethereum and Altcoin Surges

9 days ago

The cryptocurrency arena has reached a new pinnacle. The industry has a total market cap now exceeding $2 trillion. The news comes after several of the world’s leading altcoins – including Ethereum, Litecoin, Ripple’s XRP and Binance Coin – spiked to new highs after bitcoin once again neared the $60,000 per unit range.
Ethereum and Other Coins Have Jumped Heavily
The cryptocurrency industry’s market cap has so far more than doubled what it was at the beginning of the year. During the month of January, the entire crypto space was valued at approximately $750 billion. The good news is that many analysts believe the current bull run is far from over; in fact, some claim things are just beginning to heat up.
This new rally appears to have been driven largely by both

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BlackRock Is Now “Dabbling” in Crypto Futures

10 days ago

Asset manager BlackRock says it has made more than $350,000 in bitcoin futures over the past three months. The company has been dabbling in such futures since January and has garnered a pretty profit in return.
BlackRock Is Beginning to Make Money On BTC Futures
As it stands, two funds associated with BlackRock have permission to invest in crypto futures according to documentation brought forth by the Securities and Exchange Commission (SEC). At the time of writing, BlackRock currently manages more than $8.5 trillion in overall assets, which means that the amount allocated in bitcoin futures is quite small, though the fact that the company is now taking steps towards crypto investments says a lot about how much the currency’s status has changed.
Right now, BlackRock

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Mike Novogratz: BTC Has Come Far in the Last Year

10 days ago

Billionaire investor and former hedge fund manager Mike Novogratz says he’s truly shocked by how far bitcoin has come in the past few years and how strong adoption is.
Mike Novogratz: BTC Adoption Has Come Quite Far
We all likely remember a time when bitcoin did not have the respect it does today. Many companies and individuals alike turned their backs on it, claiming that it was a scam or a fraudulent currency. They said that it was a Ponzi scheme that was likely to turn highly skilled investors into paupers, and there were a few times in bitcoin’s short yet significant history where they appeared to be right.
For example, remember in 2018 when after reaching its then all-time high of nearly $20,000 per unit bitcoin sank into oblivion? The currency, just months after

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Shares in MicroStrategy Shoot Up Thanks to BTC

10 days ago

Shares in software firm MicroStrategy went up a few days ago after analysts suggested an $850 per share price in the coming future.
MicroStrategy Owes Its Success to Bitcoin
The figure has a lot to do with the idea that MicroStrategy is quite bullish on bitcoin, and that the firm is doing all it can to purchase the world’s number one digital currency by market cap. MicroStrategy initially bought its first round of BTC in August, when the currency was trading for around $12,000 per unit. It was one of the first institutional players to initiate such a buy, and it was also one of the first to declare its support for the asset publicly.
From there, the currency fell to a price of around $10,000 per unit, which at first, likely made everyone look at MicroStrategy with a

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