A recap of the top Bitcoin news stories this past week. Intel a $240 Billion company, Intel, just announced they are entering Bitcoin mining. They will be introducing an ‘‘ultra-low-volatage-energy-efficient’ ASIC which is specifically designed for Bitcoin mining. There are currently two main ASIC manufacturers in the world right now – Bitmain and MicroBT, both Chinese-based.
Happy new years, happy 13th birthday to Bitcoin and finally we would like to introduce you to the new Bitvice – where we’ve made buying and securing Bitcoin simple.
Whilst Bitcoin’s price has been boring people to death, we’ve been hard at work and have partnered with Stitch to make buying Bitcoin the right way – as easy as possible.
The funny news for the week… It seems that El Salvador’s president Bukele has become a ‘toxic maximalist’ who’s taking a liking to trolling world powers. In other news, Microstrategy bought the dip – big time and a Bitcoin price floor model by Plan B has just been broken.
We want to let you know about some South Africans working on Bitcoin – domestically and globally. Most of the Bitcoin news is from the US or Europe, but at home, there are smart South Africans trying to bring Bitcoin closer to the people.
Mayor Francis Suarez has been making waves recently with his bullish stance on Bitcoin. His vision is to make the city of Miami a Bitcoin hub and is leading by example by taking his full salary in Bitcoin.
The latest weekly Bitcoin News including Bitcoin’s upcoming activation of Taproot this month, Zimbabwe considering Bitcoin as a legal payment service and the Bullish indicators of Q4!
Bitcoin self custody is vital for anyone who wishes to remain un-cancellable and censorship resistant in their personal capacity. Cancel culture is running wild through our culture and Bitcoiners will be in the firing line sooner or later.
The Bitcoin ETFs are exchange-traded funds that track and mimic the value of Bitcoin. These are traded on traditional market exchanges and allow individuals and more importantly, institutions to indirectly invest in Bitcoin, without having to own or custody it themselves. In other words, the Bitcoin ETF will allow investors to seek return via the Bitcoin price, without actually owning the asset themselves.
Bitcoin is a complex subject and there is an enormous amount of information to sift through and make sense of. Unfortunately, there is also a lot of misinformation, scams and alike on social media platforms, so we wanted to share the best sources to learn about Bitcoin.
First of all you’re probably wondering if Bitcoin could possibly reach $1million? The short answer is yes, it could. The only real questions are how long would it take to reach that mark, how volatile will the journey be and how far will the US Dollar be devalued against what it is today?