For “My Cause My Cleats” Design, Russell Okung Sports BTCPay Server

Russell Okung is no bitcoin tenderfoot. The Los Angeles Chargers left tackle hosted his own Bitcoin event in September 2019 after he made a public splash onto the scene with his “Pay me in Bitcoin” tweet during the off-season. Now, for his December 8, 2019, matchup against the Jaguars, bitcoin will be with him every step of the way — literally. The two-time Pro Bowler and bitcoin hodler recently tweeted a cleat design that reps the open-source BTCPay Server, a decentralized payment portal that was built as an alternative to…

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Surprise! Millennials Embrace Bitcoin While Boomers, Gen-Xers Hold Traditional Wealth

Charles Schwab has released its Q3 investment indicator report, a quarterly report that breaks down investment allocation across the firm’s brokerage accounts. It corroborates what most of us have known for a while now: Millennials are more attuned to the value of bitcoin than their Gen-X and Boomer counterparts. According to the report, the Grayscale Bitcoin Trust (GBTC) was the fifth most popular equity across Millennial accounts managed by the brokerage firm, representing 1.84 percent of all assets held under management for the age group. Millennials represent 12.9 percent of…

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For “My Cleats, My Cause” Design, Russell Okung Sports BTCPay Server

Russell Okung is no bitcoin tenderfoot. The Los Angeles Chargers left tackle hosted his own Bitcoin event in September 2019 after he made a public splash onto the scene with his “Pay me in Bitcoin” tweet during the off-season. Now, for his December 8, 2019, matchup against the Jaguars, bitcoin will be with him every step of the way — literally. The two-time Pro Bowler and bitcoin hodler recently tweeted a cleat design that reps the open-source BTCPay Server, a decentralized payment portal that was built as an alternative to…

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Video: Justin S. Wales on How the First Amendment Protects Bitcoin

In a tweet he posted on November 25, 2019, Carlton Fields Senior Counsel Justin S. Wales announced the publication of a unique research paper which linked bitcoin transactions with free speech and the First Amendment of the U.S. Constitution. The paper, which was co-authored with veteran First Amendment lawyer Richard J. Ovelmen, is part of Volume 74 of University of Miami Law Review. It’s called “Bitcoin is Speech: Notes Toward Developing the Conceptual Contours of Its Protection Under the First Amendment.” “I wrote this article alongside my colleague Richard J.…

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Op Ed: The IRS Is Checking Up on Crypto Businesses. Is Yours Ready for Its Title 31 Exam?

The Internal Revenue Service (IRS) is auditing companies who registered with the Financial Crimes Enforcement Network (FinCEN) as a Money Service Business (MSB) involved in the Bitcoin space — it’s called a Title 31 Exam. These exams were once typically reserved for Indian Casinos but they’re happening in the Bitcoin space now. I’ve seen a few companies get hit with these exams last week and from what I’ve heard, they’ve been issued en masse, rather like the SEC subpoenas of early 2018. It’s an unpleasant notice to receive. The far-reaching rules of the…

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Leveraging Lightning, Bitfinex Users Can Now Shop at Bitrefill

The Lightning Network may have just gotten its first business-to-business (B2B) payment channel. Two of the most prominent Bitcoin companies in the space are collaborating: Bitfinex users can now shop at Bitrefill, straight from their trading environment on bitfinex.com. With access to the entire Bitrefill catalog, Bitfinex customers can use their account balance to buy a wide range of gift cards or to top up their prepaid phone credit. And, enabling the transfer of funds between Bitfinex and Bitrefill, the two companies have established a customized Lightning channel. “As far…

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The Nonprofit Push to Make Giving Tuesday About Giving Bitcoin

Black Friday’s history is complicated. The U.S. tradition of shopping on the day after Thanksgiving dates back to the early 20th century, though the term wasn’t coined until the 1960s. Since then, the event has unravelled into a multiday scramble for door-busting deals; for some, it now begins on the day of Thanksgiving itself and has extended its influence into such offshoot events like Cyber Monday, a day of digital shopping discounts. It has also given rise to Giving Tuesday (#GivingTuesday). As its name implies, #GivingTuesday is meant to encourage…

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Bitcoin Mining in North America: A New Gold Rush in the New World

The phones are ringing off the hooks at the New York offices of BitOoda, a financial services and brokerage firm that advises bitcoin mining companies and investors in the bitcoin space on investment strategies and risk management. Ryan Porter, head of business development at BitOoda, told Bitcoin Magazine that there’s lots of interest, including from Chinese companies and investors, in the new frontier of bitcoin mining in the U.S. and Canada. “We’re seeing potentially explosive growth in North America in bitcoin mining as the number of inquiries from both mining…

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The Nonprofit Push to Make Giving Tuesday About #GivingBitcoin

Black Friday’s history is complicated. The U.S. tradition of shopping on the day after Thanksgiving dates back to the early 20th century, though the term wasn’t coined until the 1960s. Since then, the event has unravelled into a multiday scramble for door-busting deals; for some, it now begins on the day of Thanksgiving itself and has extended its influence into such offshoot events like Cyber Monday, a day of digital shopping discounts. It has also given rise to Giving Tuesday. As its name implies, Giving Tuesday is meant to encourage…

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Video: Bitfinex CTO Paolo Ardoino on Adding Lightning Network Support

On December 2, 2019, Bitfinex officially informed its subscribers that it had added support for Lightning Network deposits and withdrawals. Subsequently, Bitfinex CTO Paolo Ardoino confirmed the information in a tweet.  A few days before this announcement, Ardoino agreed to do an exclusive interview with Bitcoin Magazine to provide more technical details about the Lightning integration. This marked a big step in the development of Bitcoin and the Lightning Network, as a major exchange finally integrated second layer satoshis. “I think that Lightning is definitely the best way to send…

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