CoinShares Offers Institutional On-Ramp With Physically-Backed Bitcoin ETP

Today, digital asset manager CoinShares announced the launch of CoinShares Physical Bitcoin, an exchange-traded product (ETP) with each unit backed by on-chain BTC. The product will carry the ticker symbol “BITC.” “BITC will be the first product released on CoinShares’ new institutional-grade ETP platform and will launch with significant assets under management,” according to a release shared with Bitcoin Magazine. “Each unit of BITC is backed with 0.001 bitcoin at launch, providing investors with passive exposure to bitcoin and the convenience of an exchange-traded product.” BITC will be listed on…

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Good Griefing: A Lingering Vulnerability On Lightning Network That Still Needs Fixing

What happens when your Lightning Network routing node is fed with garbage transactions that never resolve? In short, it causes a lot of grief for routing nodes. What was once a smooth, global payment system can be locked up with trivial effort from a savvy script writer. Working in a small team of routing nodes, we successfully ran a test of the attack with real funds and demonstrated the “griefing” attack described by Joost Jager. The attack is called a grief attack since it is not a theft of funds,…

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Have I Already Missed My Time To Buy Bitcoin?

It’s easy to see the bitcoin price go up and feel like you’ve missed the boat. However, many individuals and institutions believe that Bitcoin is just now starting to heat up. So what is driving the price of bitcoin so high, and how could it continue to rise beyond these levels? The best place to start is by understanding the backbone of Bitcoin economics: supply and demand. Supply And Demand The problem with projecting future prices stems from the difficulty in predicting supply and demand. Bitcoin is unique in that…

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The Sudden, Unexpected End of Crypto Tribalism

“The lower the stakes, the more intense the dispute.”  Sayre’s Law The Narcissism Of Small Differences Bitcoin and the crypto world have enjoyed a phenomenal decade. Despite the fact that Bitcoin is perhaps the most disruptive technology to the status quo since the printing press, the powers-that-be have mostly left us alone. Sure, exchanges have been obliged to perform KYC measures, there’ve been a few darkmarket arrests, China banned Bitcoin a few times and the U.S. Securities and Exchange Commission went after some ICOs. But these regulatory responses are the…

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Exploring Drivechain, A Miner-Secured Bitcoin Sidechain

Listen To This Episode: Apple Spotify Google Libsyn Overcast In this episode of “The Van Wirdum Sjorsnado,” hosts Aaron van Wirdum and Sjors Provoost are once again joined by Ruben Somsen. The trio discussed Drivechain, a sidechain project spearheaded by Paul Sztorc. Sidechains are alternative blockchains, on which coins are pegged to bitcoin. This should make the sidechain coins interchangeable with bitcoin and therefore carry an equal value. In a way, sidechains let users “move” bitcoin across blockchains, where they are subject to different protocol rules, allowing for greater transaction…

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Why Bitcoin Is One Of The Most Undervalued Assets In 2021

According to Bloomberg, bitcoin’s 9 million percent price rise makes it the best performing asset of the last decade. But what if I told you that even in 2021, Bitcoin is still one of the most undervalued assets there is? If you are one of those people who has thought of putting money into bitcoin, but just could not pull the trigger, then you are not alone.  The crypto community today is flooded with people who, unfortunately, do not understand the fundamentals lying behind these digital assets. And because bitcoin…

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How Money Printing Really Works

A Short Introduction To What Influences Money Supply In The Modern Economy It’s undeniable  —  the world runs on money. This thought is ingrained in all of us and we all understand it deeply. This is evident by the fact that we spend vast amount of hours every day in order to attain more of it. In the Bitcoin space, we constantly see news, memes and critiques about how the central banks have printed absurd amounts of money yet again. The truth of the matter is that the monetary system…

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Bitcoin In 2021: A New Hope

Listen To This Episode: Apple Spotify Google Libsyn Overcast In this episode of Bitcoin Magazine’s “Fed Watch,” Christian Keroles and Ansel Lindner look back at the events of the last few weeks and put them into a macro perspective. They also give us an optimistic vision of the next year that only the Bitcoin space can offer. This show always delivers macro insights you cannot find anywhere else! The episode began with a quick discussion of censorship and the Bitcoin Twitter exodus. It is very appropriate that, in the era…

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Bitcoin Core 0.21.0 Released: What’s New

Today marks the official release of Bitcoin Core 0.21.0, the 21st major release of Bitcoin’s original software client launched by Satoshi Nakamoto almost 12 years ago.  Overseen by Bitcoin Core lead maintainer Wladimir van der Laan, this latest major release was developed by well over a hundred contributors in a span of about six months. The result of over 600 merged pull requests, Bitcoin Core 0.21.0 is one of the biggest Bitcoin Core releases in recent years, introducing various new features as well as privacy and performance improvements, while taking…

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Gemini To Launch Bitcoin Rewards Credit Card

Today, cryptocurrency exchange Gemini announced its plans to launch Gemini Credit Card, which will reward users with bitcoin back for purchases, later this year. The launch announcement follows Gemini’s acquisition of Blockrize, a fintech company that had already been working on such a product. Gemini has started a waitlist for early access to the credit card that will also include Blockrize’s more than 10,000 waitlist members. “By combining Gemini’s simple, reliable and safe platform with Blockrize’s rewards program, card holders will be able to seamlessly earn up to 3 percent…

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