Author name: Peter

Argentina Allows Financial Contracts to be Denominated in Bitcoin

Pressure Mounts on Milei to Dollarize Argentina's Foreign Minister, Diana Mondino, has announced that financial contracts in the country can now be denominated in Bitcoin. This move comes as President Javier Milei faces mounting pressure to fulfill his campaign promise of dollarizing the economy and abolishing the central bank. Expanding Medium of Exchange According to […]

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Bitcoin Options Open Interest Soars to Unprecedented Levels as Traders Prepare for SEC ETF Verdict

Bitcoin Options Open Interest Hits Record Peak Bitcoin options open interest has reached a historic high, surpassing $18 billion on December 22, 2023. Traders are increasingly using bitcoin options to manage risk and speculate on the future price movements of bitcoin. This surge in interest comes as the market eagerly awaits the Securities and Exchange

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Solana’s SOL Token Surpasses $100 Mark, Showing Impressive Growth

Solana's Market Triumph On Saturday, Solana's token, SOL, reached a significant milestone by surpassing the $100 mark against the U.S. dollar. This achievement comes after a week of remarkable growth, with SOL's value increasing by over 36%. Investor sentiment towards SOL has remained overwhelmingly positive throughout the year, and the recent conviction of ex-FTX chief

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Bitmap Theory’s Meteoric Rise: Pioneering a Bitcoin Metaverse With a $235 Million Valuation

The Bitmap Theory initiative, launched just last summer, is quickly gaining momentum. Its goal is to integrate a digital realm, commonly known as the metaverse, within the Bitcoin blockchain. Through the innovative use of Ordinal inscription technology, Bitmap allows individuals to claim ownership of segments of the Bitcoin blockchain. Currently, Bitmap has a market capitalization

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Bitcoin Back Rewards Platform Satsback Launches in the United States for Online Shoppers

Revolutionizing the American Shopping Experience Satsback Labs, the company behind the successful European Bitcoin-back shopping rewards platform, Satsback.com, is expanding its services to the United States market, as announced in a recent press release shared with Bitcoin Magazine. With a strong network of over 500 online partners already in place, Satsback.com aims to transform how

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Paxos to Launch Stablecoin on Solana, Expanding USDP Reach in Crypto Market

Introduction Paxos, the tokenization and stablecoin platform, has announced its plans to expand its stablecoin issuance to the Solana blockchain. The company, which currently oversees the pax dollar (USDP), expects to make Solana-issued USDP publicly available starting January 17, 2024. Paxos Expands to Solana Paxos recently revealed that its venture into Solana represents its first

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Bitfinex Analysts Optimistic About Bitcoin and Crypto Assets in 2024

Market Cap Set to Double, Predicts Bitfinex Bitfinex market strategists are expressing optimism for bitcoin (BTC) and crypto assets as 2024 approaches. Despite regulatory and reputational challenges, these analysts believe that the crypto market is resilient and will witness an upward trajectory, potentially doubling its market capitalization. According to the latest Bitfinex Alpha report, the

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U.S. Ambassador Praises Unblock Computing’s Bitcoin Mining Initiative for Innovative Use of Flared Gas

Argentina's Climate Goals The innovative use of flared gas by bitcoin mining initiative Unblock Computing has received praise from the U.S. Ambassador to Argentina, Marc R. Stanley. This initiative, in collaboration with Crusoe Energy Systems, not only aids Argentina in achieving its climate goals but also promotes energy conservation. Unique Way of Generating Electricity Unblock

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