Economics of bitcoin

LocalBitcoins Cuts Fees - Deposit fee 0€, transactions between users 0€

Retrieved on: 
Tuesday, August 3, 2021
Payment systems, Bitcoin, Digital currencies, Cryptocurrencies, Currency, Cryptography, LocalBitcoins, Legality of bitcoin by country or territory, Economics of bitcoin

This is in addition to offering free Bitcoin wallets and transactions between LocalBitcoins users.

Key Points: 
  • This is in addition to offering free Bitcoin wallets and transactions between LocalBitcoins users.
  • "LocalBitcoins offers a free Bitcoin wallet and free deposits and transactions between users .
  • Buying and selling Bitcoin on LocalBitcoins remains free, however LocalBitcoins charges a 1% fee from members who create advertisements.
  • "Requests for removing our deposit fee and clarifying our fee structure came from our loyal and trusted customers, and we delivered.

ProFunds Launches The First Bitcoin Strategy Mutual Fund

Retrieved on: 
Wednesday, July 28, 2021
Banking, Professional services, Finance, Payment systems, Cryptography, Bitcoin, Cryptocurrencies, Digital currencies, Money, Economics of bitcoin, Legality of bitcoin by country or territory

ProFunds, a premier provider of a diverse lineup of mutual funds, announced today the launch of the Bitcoin Strategy ProFund (BTCFX).

Key Points: 
  • ProFunds, a premier provider of a diverse lineup of mutual funds, announced today the launch of the Bitcoin Strategy ProFund (BTCFX).
  • The new Bitcoin Strategy ProFund is the first publicly available U.S. mutual fund or ETF designed to provide investment results, before fees and expenses, that generally correspond to the performance of bitcoin.
  • Cryptocurrency has become a significant asset class, and our new Bitcoin Strategy ProFund provides investors access to a bitcoin strategy through a mutual fund investment, says ProFunds CEO Michael L. Sapir.
  • Bitcoin and bitcoin futures are a relatively new asset class and the market for bitcoin is subject to rapid changes and uncertainty.

BitBase launches its own token internationally

Retrieved on: 
Monday, July 26, 2021
Bitcoin, Payment systems, Money, Digital currencies, Cryptocurrencies, Finance, Currency, Automated teller machine, Legality of bitcoin by country or territory, Economics of bitcoin

Its total issuance will be 100 million BTBS, without the possibility of being increased.

Key Points: 
  • Its total issuance will be 100 million BTBS, without the possibility of being increased.
  • In fact, it is already the firm with the most Bitcoin ATMs and other digital currencies in Spain and the fourth in Europe.
  • "Unlike other projects, our strategy has been to first build a profitable business with a recurring customer base, to now launch our currency and expand internationally by involving users in our expansion."
  • Our goal is to transmit them and incorporate them into the lives of all those who want to evolve."

China's Bitcoin Mining Disruption Offers Bit Digital A Growth Opportunity

Retrieved on: 
Thursday, July 22, 2021
Cryptocurrencies, Payment systems, Bitcoin, Articles, Digital currencies, Money, Blockchain, Economics of bitcoin, Bitcoin Cash

NEW YORK, July 22, 2021 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a bitcoin mining company headquartered in New York and one of the largest currently-owned fleets among US listed bitcoin miners, presented highlights from its second quarter operations at Sequire's Blockchain Conference July 15th.

Key Points: 
  • NEW YORK, July 22, 2021 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a bitcoin mining company headquartered in New York and one of the largest currently-owned fleets among US listed bitcoin miners, presented highlights from its second quarter operations at Sequire's Blockchain Conference July 15th.
  • Bit Digital, Inc. is a bitcoin mining company headquartered in New York City with one of the largest currently-owned fleets among US listed bitcoin miners.
  • Future changes in the network-wide mining difficulty rate or Bitcoin hash rate, as well as other factors beyond our control, may also materially affect the future performance of Bit Digital's production of bitcoin.
  • This press release may contain certain "forward-looking statements" relating to the business of Bit Digital, Inc., and its subsidiary companies.

Bitcoin's Long Term Holders are Hoarding the Supply: Here's Why It Matters

Retrieved on: 
Wednesday, July 21, 2021
Cryptocurrencies, Payment systems, Bitcoin, Digital currencies, Currency, Exonumia, Economics of bitcoin

LTHs are once again accumulating Bitcoin.

Key Points: 
  • LTHs are once again accumulating Bitcoin.
  • Additionally, the supply of Bitcoin on exchanges is decreasing, lowering the potential sell-side pressure.
  • Previous Bitcoin bull runs have been ignited by bullish squeezes under similar conditions.
  • As Bitcoin's price continues to hover around $30,000, long term holders are once again building their dominance in preparation for another potential opportunity to sell at higher prices.

Celsius joins the Bitcoin Mining Council

Retrieved on: 
Wednesday, July 21, 2021
Cryptocurrencies, Payment systems, Cryptography, Information technology, Bitcoin, Digital currencies, MicroStrategy, Michael J. Saylor, Economics of bitcoin

LONDON, July 21, 2021 /PRNewswire/ -- Celsius , the leading global cryptocurrency yield-earning platform, announced the company has joined The Bitcoin Mining Council (BMC), a voluntary global forum of Bitcoin mining companies and other companies in the Bitcoin industry.

Key Points: 
  • LONDON, July 21, 2021 /PRNewswire/ -- Celsius , the leading global cryptocurrency yield-earning platform, announced the company has joined The Bitcoin Mining Council (BMC), a voluntary global forum of Bitcoin mining companies and other companies in the Bitcoin industry.
  • "We are honored to join the Bitcoin Mining Council and be part of their important effort to make mining more efficient and transparent,'' said Alex Mashinsky, CEO of Celsius.
  • "Celsius sees great opportunity to help secure the Bitcoin network as bitcoin mining migrates to North America and we are committed to promoting that trend while adopting sustainable energy practices along the way."
  • First convened by Michael Saylor of MicroStrategy, BMC exists to promote transparency, share best practices and educate the public on the benefits of Bitcoin and Bitcoin mining.

Data Shows The Majority of Bitcoin is Held at a Profit

Retrieved on: 
Thursday, July 15, 2021
Cryptocurrencies, Payment systems, Cryptography, Blockchains, Digital currencies, Bitcoin, Money, Ethereum, Economics of bitcoin, Bitcoin Cash

Despite Bitcoin plummeting 50% in value, about 70% of Bitcoin in existence are held in profit.Not only this, but on-chain data suggests that those who have sold their Bitcoin in the recent months were short-term holders selling at a loss.

Key Points: 
  • Despite Bitcoin plummeting 50% in value, about 70% of Bitcoin in existence are held in profit.Not only this, but on-chain data suggests that those who have sold their Bitcoin in the recent months were short-term holders selling at a loss.
  • Ethereum has shown a similar trend, with about 80% of the token's supply held at a profit.
  • Many cryptocurrency investors are expecting their investments to appreciate after the upgrade to Ethereum's network slated to launch on August 4th, 2021.
  • Read Benzinga Reports: Bitcoin Predicted to Crush Bitcoin's ROI in 2021 for more data like this.

Oklo and Compass Secure 20-Year Commercial Partnership to Launch Advanced Fission-Powered Bitcoin Mining

Retrieved on: 
Wednesday, July 14, 2021
Software, Professional services, Utilities, Hardware, Nuclear, Alternative energy, Energy, Technology, White House, Federal Government, Other Policy Issues, Security, Finance, Public policy, Government, Bitcoin, Payment systems, Articles, Energy, Cryptocurrencies, Nuclear reactors, Digital currencies, Oklo, Nuclear power, Economics of bitcoin, Oklo Inc.:, Compass, OKLO INC.:, COMPASS

Oklo Inc. (Oklo) announces a 20-year commercial partnership with Compass Mining (Compass), the world's first online marketplace for Bitcoin mining hardware and hosting.

Key Points: 
  • Oklo Inc. (Oklo) announces a 20-year commercial partnership with Compass Mining (Compass), the world's first online marketplace for Bitcoin mining hardware and hosting.
  • Oklos advanced fission powerhouses will provide clean, reliable, and affordable baseload power for Compass Bitcoin mining machines, starting in the early 2020s.
  • Oklo is committed to supplying at least 150MW of clean power to Compass in the first phase of this partnership, helping drive the sustainability of Bitcoin mining practices.
  • This commercial project is scalable, and Oklo can add additional capacity to accelerate Compass sustainable mining efforts further while driving the economics of Bitcoin mining activities powered by advanced fission.

Osprey Funds Files Form 10 Registration Statement for Osprey Bitcoin Trust (OBTC)

Retrieved on: 
Thursday, July 8, 2021
Other Retail, Internet, Finance, Banking, Professional services, Technology, Online Retail, Retail, Payment systems, Bitcoin, Cryptocurrencies, Digital currencies, Currency, Exonumia, Economics of bitcoin, Legality of bitcoin by country or territory

Osprey Funds, LLC , a premier digital asset investment firm, today announced that it has filed a Form 10 Registration Statement with the Securities and Exchange Commission (SEC) on behalf of the Osprey Bitcoin Trust (OBTC) .

Key Points: 
  • Osprey Funds, LLC , a premier digital asset investment firm, today announced that it has filed a Form 10 Registration Statement with the Securities and Exchange Commission (SEC) on behalf of the Osprey Bitcoin Trust (OBTC) .
  • This would make OBTC the second bitcoin investment vehicle in the U.S. to attain the status of an SEC reporting company a key milestone in becoming a bitcoin ETF.
  • OBTC is currently the lowest-priced publicly traded bitcoin fund in the U.S. with a management fee of just 0.49%.
  • For more information, please refer to the Form 10 filing , or contact Osprey Funds at [email protected] .

Spartan Mosquito Accepts Bitcoin and Other Cryptocurrencies From Countries Worldwide

Retrieved on: 
Wednesday, July 7, 2021
Cryptocurrencies, Payment systems, Cryptography, Money, Bitcoin, Litecoin, Ethereum, Economics of bitcoin

One of the trade barriers removed in their announcement is their official acceptance of Bitcoin and other cryptocurrencies from countries worldwide.

Key Points: 
  • One of the trade barriers removed in their announcement is their official acceptance of Bitcoin and other cryptocurrencies from countries worldwide.
  • Ac2T Inc dba Spartan Mosquito accepted its first official crypto payment over the last 48 hours and has upgraded its website to now accept many of the major cryptocurrencies including Bitcoin, Bitcoin Cash, Dai, Ethereum, Litecoin, and USD Coin.
  • Based in Hattiesburg, Mississippi, Spartan Mosquito developed the Pro Tech technology as the next generation of its attractive toxic sugar bait slow release devices.
  • Spartan Mosquito Pro Tech system uses naturally occurring borate and easy installation to kill mosquitoes.