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The blockchain research division of PayPal, in collaboration with Energy Web and DMG Blockchain Solutions, has unveiled a groundbreaking proposal aimed at expediting the transition of Bitcoin mining to cleaner energy sources. The new PayPal Bitcoin mining proposal, Termed the “Green Mining Initiative,” suggests utilizing “cryptoeconomic incentives” to encourage miners to adopt low-carbon energy sources. The proposal involves identifying “green miners” through a validation platform such as Energy Web’s “Green Proofs for Bitcoin.” These green miners would then share their public keys with a mult ..read more

In a remarkable turn of events, a simple message displayed behind former Federal Reserve Chair Janet Yellen during a congressional testimony nearly seven years ago has sparked a frenzy in the Bitcoin community. The phrase “Buy Bitcoin” scribbled on a legal pad by Christian Langalis, a 22-year-old Bitcoin enthusiast at the time, has now become a sought-after artifact, fetching bids nearing $166,000 in an online auction. Christian Langalis holding a “buy Bitcoin sign behind Janet Yellen has become an important part of bitcoin’s history — Source The Backstory Langalis, an intern at the libertari ..read more

In the wake of Bitcoin’s latest halving event, analysts at Bitfinex have provided insights into the shifting dynamics of the market. Their reports suggest a significant increase in demand for bitcoin, outpacing its limited supply. Supply and Demand Trading Principles: Investor Behavior According to Bitfinex’s analysis, on-chain data reveals a notable trend of bitcoin outflows from exchanges, indicating a movement of holdings to cold storage by investors anticipating price increases. Additionally, long-term holders have not initiated significant selling pressure, suggesting a smooth absorption ..read more

It’s important to educate your children about bitcoin, and familiarize them with the concepts from an early age. There are a lot of educational content on Bitcoin for kids, offering a range of games, books, and television shows designed to simplify and explain its concepts. These tools include card games that teach about Bitcoin mining, engaging stories that illustrate the value of digital money, and educational series that delve into how Bitcoin and money work. Together, these resources provide young learners with a fun and interactive way to gain a fundamental understanding of Bitcoin, prepa ..read more

The leading digital asset has demonstrated resilience, posting a gain of around 2.4% in the past 24 hours following a period of bitcoin price drop, with its value reaching $66,000. This upward movement comes as global equities also show signs of recovery, caused by uncertainty sparked by fears of escalating conflict in the Middle East. André Dragosch, the Head of Research at ETC Group, noted a significant shift last week in the global digital asset hedge fund beta, along with a dominance of bitcoin long futures liquidations. However, he emphasized that the digital asset has rebounded from the ..read more

Several Swiss-based Bitcoin enthusiasts are launching a renewed effort to persuade the Swiss National Bank (SNB) to include bitcoin in its reserves. This initiative, which commenced in October 2021, involves holding a referendum to amend the country’s constitution, but it requires more than 100,000 signatures from locals to move forward. In an exclusive interview with BitcoinNews, Yves Bennaïm, founder and chairman of 2B4CH, a nonprofit think tank leading the charge, shed light on the endeavor and its implications. Initiative Amid Regulatory Stability Bennaïm addressed concerns over regulato ..read more

The Mt. Gox Bitcoin exchange, once a dominant player in the Bitcoin space, faced a devastating hack in 2014, resulting in the loss of 850,000 bitcoin. Since then, creditors have been eagerly awaiting reimbursement for their lost funds. Recent updates suggest progress in the Mt Gox payout process, sparking both optimism and caution within the Bitcoin community. Repayment Plans and Updates Recent reports indicate significant developments in Mt. Gox’s repayment plans, with users sharing screenshots of their Mt Gox panels, showing sections for Bitcoin and Bitcoin Cash now. The trustee overseeing ..read more

Bitcoin recently experienced a significant drop in transaction fees following a period of record highs. This drop comes after astronomical rises during the latest halving event, pushing transaction fees on a single block up to 37.6 BTC. This development has caught the attention of the Bitcoin community and raised questions about the future of Bitcoin’s transaction fees. Bitcoin Transaction Fees: Record Highs and Subsequent Drop Just a few days ago, Bitcoin transaction fees soared to unprecedented levels, reaching an all-time peak of $128.45. This surge coincided with the Bitcoin halving event ..read more

In the digital age, Bitrefill stands out as a significant player, utilizing Bitcoin to transform how consumers handle everyday transactions. This article delves into Bitrefill’s role in promoting Bitcoin usage, how the platform works, and its potential future impact on everyday spending. What is Bitrefill? Established in 2014, Bitrefill is a service designed to allow users to spend bitcoin on gift cards, mobile phone refills, and a variety of other services across numerous countries. It’s primary aim is to increase the practical use of bitcoin in everyday purchases, thereby encouraging broade ..read more