Reddit Invests Excess Cash Reserves Into Bitcoin
Bitcoin Magazine
by Nik Hoffman
6h ago
Reddit, the popular social media platform, has disclosed in a Securities and Exchange Commission (SEC) filing that it has invested a portion of its excess cash reserves into Bitcoin. The social media giant revealed this today as they have applied to go public and list their Class A common stock on the New York Stock Exchange under the symbol “RDDT” with this filing. BREAKING: Reddit invested excess cash reserves into #Bitcoin — SEC filing pic.twitter.com/13IWr3QFvH — Bitcoin Magazine (@BitcoinMagazine) February 22, 2024 "We invested some of our excess cash reserves in Bitcoin and Ether a ..read more
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Marathon Launches Slipstream Tech Stack to Process Non-Standard Bitcoin Transactions
Bitcoin Magazine
by Spencer Nichols
6h ago
Marathon Digital Holdings, the largest publicly traded bitcoin miner by market capitalization, has launched Slipstream, a service for individuals to easily submit complex and non-standard transactions to the Bitcoin network. Slipstream is the first instance of a public bitcoin mining company facilitating direct transaction submission services, made possible by the fact that Marathon operates its own proprietary mining pool, Mara Pool. According to a press release sent to Bitcoin Magazine, non-standard Bitcoin transactions are often excluded from submission to Bitcoin nodes’ mempools despite t ..read more
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Bitcoin IRAs Compared: Spot ETF vs. No-key-control vs. Physical bitcoin
Bitcoin Magazine
by Unchained
6h ago
If you understand why bitcoin is an asset to hold for the long term, you may also wonder how to take advantage of retirement tax structures to minimize your tax expenditures. There are many different ways to approach holding bitcoin in an IRA, and as with everything in bitcoin, each has its trade-offs. Let’s look at how the many different bitcoin IRA approaches compare. Sovereignty and appreciation Before we can cover these approaches to bitcoin retirement savings, you have to understand the two most important benefits you receive by holding bitcoin: financial sovereignty and purchasing power ..read more
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Nigeria Blocks Access To Coinbase, Binance and Kraken As Naira Falls To Record Lows
Bitcoin Magazine
by Nik Hoffman
11h ago
Nigeria has taken drastic measures in to attempt to stabilize its plummeting national currency, the naira, by blocking access to major cryptocurrency exchanges, reported the Financial Times. This move comes as the Nigerian government attempts to crack down on currency speculation amid record lows for the naira. JUST IN: ?? Nigeria blocks access to Coinbase, Binance and Kraken as their national currency falls to record lows, Financial Times reports. — Bitcoin Magazine (@BitcoinMagazine) February 22, 2024 The Nigerian Communications Commission (NCC) issued orders to telecoms companies late on W ..read more
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Oldest Football Club Bulgaria Adopts Bitcoin Lightning and Liquid Wallet In New Partnership
Bitcoin Magazine
by Nik Hoffman
12h ago
Bulgarian football club Botev Plovdiv, the oldest football club in Bulgaria, has taken another step towards embracing Bitcoin and accelerating grassroots adoption of the digital currency in a strategic partnership with JAN3, a leading technology company focused on expanding access to Bitcoin. Botev Plovdiv aims to become the premier Bitcoin-native sports club, according to a press release sent to Bitcoin Magazine. “Bitcoin is central to our club's strategy,” stated Botev owner Anton Zingarevich. “We're inspired by the global success stories of Bitcoin adoption and are exci ..read more
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Why I Bitcoin
Bitcoin Magazine
by Quoth the Raven
15h ago
Readers of my blog know that I started dabbling in buying Bitcoin in late 2022. In fact, it was the best performing asset out of any of the names I wrote that I was watching for 2023. Similarly, and not to give away the suspense, I added Bitcoin exposure once again to my list of 24 stocks I’m watching for 2024. So, it may not have been that much of a surprise when my subscribers saw me on X yesterday proclaim that my days of disparaging Bitcoin were over. However, given that I have about 210,000 more Twitter followers than I do Substack subscribers, it is safe to say there were still plenty of ..read more
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Is Coinbase Safe? Detailed Review & Data
Bitcoin Magazine
by Ivan Serrano
1d ago
Over the past decade, Coinbase has reached millions of cryptocurrency traders and expanded to become the largest crypto exchange in the US. Despite its solid reputation, Coinbase did not avert scrutiny and skepticism. It has intensified in the past two years, driven by the sharp upsurge and plunge in crypto prices in a short period. But what has become the hot topic was the sudden collapse of FTX, the former largest crypto exchange worldwide. Nonetheless, it remains an influential figure in the market. True believers regard cryptocurrencies despite not being a sure inflation hedge. Bitcoin’s i ..read more
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Bitcoin Magazine Editorial Policy On Bitcoin Layer 2s (L2s)
Bitcoin Magazine
by Bitcoin Magazine
1d ago
Bitcoin script, it seems, has been sorely underestimated. Following the release of the Ordinals protocol and BitVM white paper in 2023, conceptions are shifting about what is possible on the Bitcoin base layer, and it’s clear Bitcoin is now absorbing demand from other blockchains in the wider cryptocurrency ecosystem. Of course, developers have harbored aspirations to add additional features to Bitcoin since the earliest days of the protocol’s 15-year history. From early sidechains like Liquid and Rootstock to the L2s of tomorrow, Bitcoin Magazine has always covered legitimate scaling initiati ..read more
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Largest South Korean Parties Promise Bitcoin ETFs Before Election
Bitcoin Magazine
by Landon Manning
2d ago
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. As South Korea approaches its next legislative election in 2024, both the current ruling party and the main opposition have pledged to make several pro-Bitcoin policies, most especially to approve a Bitcoin ETF. On April 10, 2024, The Republic of Korea will carry out its legislative election, which takes place every four years. Regardless of outcome ..read more
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What Is Multisig?
Bitcoin Magazine
by Unchained
2d ago
When it comes to storing your bitcoin, multisignature—or multisig for short—is widely recognized as one of the most secure methods. It can eliminate risks associated with exchanges and custodians, and simultaneously addresses the most common issues with self-custody. In this article, we’re going to walk through why you should hold your own bitcoin keys, what standard singlesignature self-custody looks like, and how multisig is an improvement for long-term cold storage. Why Should I Self-custody? Interest in bitcoin usually begins with recognizing it as an alternative monetary tool that remedie ..read more
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