Category Archives: Bitcoin

Monster-Sized Bitcoin Whale Transfers: Blockchain Parser Catches Significant Amounts of ‘Cold BTC’ Moved to Active Exchanges Featured Bitcoin News -…

Two days ago on November 30, the price of bitcoin (BTC) tapped a high that day reaching $59,250 per unit, but it has since dropped close to 5% in value to just above the $56K region. Onchain statistics indicate that whales and long-term holders (LTHs) have been spending over the last month and blockchain parsers have witnessed enormous movements in recent days.

On the first two days of December, there have been some massive bitcoin (BTC) whale movements stemming from long-term bitcoin holders. On Thursday morning, the creator of the web portal explained that significant amounts of bitcoin were taken out from cold wallets and moved to active exchanges.

The onchain action was caught by the blockchain parsing tool Btcparser 3, a tool that analyzes each and every new bitcoin block by getting detailed information about all transactions within it. The bot uses groups of 100 blocks and identifies all wallets that sent or received a total exceeding 1,000 bitcoins during that time, explains the parsing tools website.

On December 1, Btcparser 3 caught some major onchain action, which saw the movement of thousands of bitcoins during the course of the day. For instance, on Wednesday the parser caught the movement of 15,074 BTC or $849 million, 6,970 BTC moved, and thousands more BTC spent as well.

Then the following day on December 2, monster-sized bitcoin transactions were caught by Btcparser 3. This transaction on Thursday saw a whopping 36,645 BTC deposited and 10,547 BTC left the wallet. Thats more than $2 billion worth of bitcoin in USD value, and the address spent more than $28.2 billion in bitcoin (BTC) during its lifetime. At 1:59 a.m. (EST) on Thursday, Btcparser 3 caught 15,074 BTC or $849 million move.

In addition to Btcparser 3 catching two days worth of major whale movements, Glassnodes most recent insights report, Week Onchain 48, establishes that long-term holders (LTHs) are spending some of their holdings. Glassnodes report notes that this action has been prominent during the last 30 days.

Shifting our focus to [LTHs], Glassnodes report details. We can see that there has been a reasonably continuous rate of spending over the last month. From the peak of 13.5M BTC in holdings, LTHs have spent (assumed distributed) 150K BTC, equivalent to around 5.8% of the volume accumulated since March 2021.

Crypto advocates have been discussing major whale movements on forums and bitcoin whale commentary is littered all over social media. The crypto analytics firm Santiment also tweeted about this past months whale action on November 23.

Bitcoins key active whale addresses that hold between 100 to 10K BTC are content after accumulating a total of ~40K more BTC on last weeks dip, Santiment said. The company also shared its weekly report as well, which discusses whale action and the growing bearish sentiment (& why its a good thing).

What do you think about the recent bitcoin price action, whale movements and the current bearish sentiment? Let us know what you think about this subject in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons,, Glassnode onchain report,

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Read the original post:
Monster-Sized Bitcoin Whale Transfers: Blockchain Parser Catches Significant Amounts of 'Cold BTC' Moved to Active Exchanges Featured Bitcoin News -... Unlocks Earn on Crypto Promoted Bitcoin News – Bitcoin News is integrating technology from CoinFLEX that enables users to earn interest on a wide range of cryptoassets, including a US-dollar stablecoin (flexUSD), through both passive and active strategies.

The passive yield strategy is built on flexUSD, a US-dollar pegged cryptocurrency that automatically provides all holders with compounding interest payments, regardless of where they hold it.

Were incredibly excited to be offering an interest-earning product thats easy to use and carries minimal risk, said CEO Dennis Jarvis. Now our users can not only shield themselves from the downside market volatility by trading into a US dollar equivalent, they can also earn yield on those dollars that far exceeds anything available in legacy banking.

To start earning interest now, users can either swap into or mint flexUSD in a few clicks.

Behind the scenes, yield for flexUSD is generated by fees and interest paid on short-term lend/borrow markets. Interest rates will vary but are usually between 10-20%. FlexUSD can also be used as collateral to trade, meaning you can earn yield and trade at the same time.

The CoinFLEX technology integration also brings advanced trading tools and products to the ecosystem, including physically settled futures and perpetuals with leverage up to 100x. These features are available on the Exchange, where users can also trade 40+ spot pairs: all the majors like Bitcoin (BTC), Bitcoin Cash (BCH), and Ethereum (ETH), as well as DeFi coins like UNI and SUSHI, popular meme coins like SHIB, and a range of other coins weve never offered before. users can also employ active yield strategies by providing liquidity in both single and dual asset pools for futures markets.

CoinFLEX CEO Mark Lamb explains: The system democratizes access to the yields generated by market making for futures markets, where volumes vastly exceed spot. And since its a hybrid model, where the liquidity is decentralized but the order book is centralized, liquidity provision and trades are executed instantly and fees are minimal. traders can use a handy APR Simulator tool to easily estimate the yield generated by supplying liquidity into a given pool and at a defined trading price range.

Beyond providing folks who want to trade at higher frequency with the advanced tools they need, now enables holders of cryptoassets to put them to productive use and earn a yield for doing so, adds CEO Dennis Jarvis. Its a big step in expanding the ecosystem towards our goal of providing an even more comprehensive financial services platform that further supports economic freedom.

Image Credits: Shutterstock, Pixabay, Wiki Commons

See the original post: Unlocks Earn on Crypto Promoted Bitcoin News - Bitcoin News

Bitcoin And Omicron: Is Another Black Swan Brewing? – NewsBTC

Back in March of 2020, those taking position ahead of the Bitcoin halving were blindsided by the Black Thursday market selloff, driven by panic at the onset of the COVID pandemic and subsequent lockdowns.

With the new Omicron strain making headlines, and lockdowns once again considered, could the cryptocurrency market be facing another dangerous macro storm and catastrophic collapse?

According to Wikipedia, a black swan is an event that comes as a surprise, has a major effect, and is often inappropriately rationalized after the fact with the benefit of hindsight.

Black Thursday in March 2020 classifies perfectly as such. COVID came, the market panicked, and Bitcoin collapsed back to $3,800 at the low. It turned out to be a huge overreaction.

Related Reading | Want To Learn Technical Analysis? Read The NewsBTC Trading Course

Despite the surprise factor of the event and the fact no one saw COVID coming, technical analysis proves that these black swan events can be predicted to a point. But what if two black swan events were to happen from touching the same trend line. Would these really be considered black swan events?

Thats exactly whats at risk, given the recent Omicron strain news and related panic, and the fact that Bitcoin price is indeed up against the very trend line that was used to predict Black Thursdays eventual target to the dollar.

The chart above shows that Bitcoin price was rejected from the same trend line that prompted the COVID correction. The move was so sharp and intense, a polar opposite rally resulted that took the cryptocurrency to more than $65,000 per coin.

Bitcoin selling off just as severely wouldnt necessarily be a bad thing, as the bounce from such an event has shown. But despite the dangerous macro landscape and the stock market sinking, the conditions for the top cryptocurrency are very different this time around.

For one, the arrows depict two rejections from former resistance in 2019, with the second (marked in red) failing to break out of the Ichimoku cloud. That resistance level dated all the way back to the very beginning of the bear market, which is why the Black Thursday rejection was particularly strong. Meanwhile, the current price action more so appears to demonstrate a resistance level being flipped as support.

The blue path outlines an expected Elliott Wave motive wave, with three impulses up and two corrective waves. Per Elliott Wave Theory, wave 1 shows there still life left in an asset, but market participants are reluctant to believe the bull market has begun.

Related Reading | Finding Fibonacci: Is Bitcoin Beginning A Golden Recovery?

Because of the remaining bearish sentiment, wave 2 wipes out most of the progress of wave 1, before wave 3 begins. With lows of wave 1 retested at the climax of wave 2, market participants are more confident in a blossoming bull trend, which is why wave 3 tends to be the longest and strongest. EWT refers to this as a wave extension.

Wave 4 cannot enter into the path of wave 1 and tend to move sideways. This suggests that it is unlikely to see another sharp correction like what happened on Black Thursday in 2020. Whenever wave 4 officially ends, and whether it has or not is still up for debate, targets of $100,000 per coin remain likely for the peak of wave 5.

Follow @TonySpilotroBTC on Twitter or jointhe TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content iseducational and should not beconsidered investment advice.

Excerpt from:
Bitcoin And Omicron: Is Another Black Swan Brewing? - NewsBTC

True or false: 91% of surveys about Bitcoin and crypto are totally wrong – Cointelegraph

When Tony Richards, the head of payments policy at the Reserve Bank of Australia (RBA), read the recent survey results from Finders Crypto Report, which stated that almost one in five Australians owned crypto, he didn't believe it for a second.

However, the results had already been widely published around the country, gracing headlines for weeks. They even made their way into the recent Senate Committee on Australia as a Technology and Financial Centers final report in October.

Welcome to the statistically dubious world of cryptocurrency surveys an easy way for companies to get publicity by hawking survey results, but not necessarily a great way to stay informed.

The Finder survey from August claimed that 17% of Australians own at least one cryptocurrency 9% own Bitcoin, 8% own Ether and 5% own Dogecoin.

Richards called these figures into question in his address to the Australia Corporate Treasury Association on Nov. 18, saying that he finds them somewhat implausible.

I cannot help thinking that the online surveys they are based on might be unrepresentative of the population, he said.

He referenced important segments of the population including the elderly, people living in regional areas, and those without reliable access to the internet, that online survey panels do not capture well.

His point echoes a similar sentiment outlined by Dr. Chittaranjan Andrade in his 2020 report for the Indian Journal of Psychological Medicine, where he claims online survey samples are often unrepresentative, regardless of the subject.

Online surveys are completed only by people who are sufficiently biased to be interested in the subject; why else would they take the time and trouble to respond? he wrote.

But the head of consumer research at Finder, Graham Cooke, defended the methodology, telling Cointelegraph:

We are confident that this produces a trustworthy sample which is representative of the population, he added.

In the 15-page report, which summarized the survey results, there are only a few lines at the end to explain the methodology. It says: Finders Consumer Sentiment Tracker is an ongoing nationally representative survey of 1,000 Australians each month, with more than 27,400 respondents between May 2019 and July 2021.

The survey is conducted by Qualtrics, a Systems Applications and Products in Data Processing (SAP) company. Qualtrics website boasts, "in just ten weeks, Finder lifted brand awareness 23 percent," but there was no additional information regarding survey methodology, and none was provided in response to a request from Cointelegraph.

A Finder spokesperson was able to confirm to Cointelegraph that: Qualtrics collects respondents from various panels and can be incentivized in different ways. Some are paid a small fee for their participation, some earn a charity donation, for example.

This is not to single out Finders survey for particular criticism: There appears to be a new survey every day and often their findings are at odds with one another.

Take the YouGov survey commissioned by Australian crypto exchange Swyftx, which found that the number of Australians who hold crypto is closer to 25%. The July survey collected responses from 2,768 adult Australians, and the figures were weighted using estimates from the Australian Bureau of Statistics. This survey was found to be compliant with the Australian Polling Council Code.

However, both surveys cant be correct. The population of Australia is 25.69 million. This means that Finders 17% of the Australian population equates to roughly 4.37 million people. Meanwhile, Swyftxs 25% is about 6.42 million people.

The difference between the two estimates translates to just over two million people thats more than the entire population of South Australia.

The numbers also dont appear to be reflected on local platforms. Crypto trading platform Binance Australia told Cointelegraph that it had 700,000 users, Easy Crypto Australia said it had around 15,000 users, Swyftx has 470,000 users (many from overseas). BTC Markets has over 330 000 Australian users and Independent Reserves site claims 200,000 users.

Digital Surge, eToro, Coinspot, and Coinmama did not respond with user numbers.

Not all Australians use a local exchange to trade their crypto of course, but on the other hand, a significant proportion of users are signed up to multiple local exchanges. There appears to be a mismatch of hundreds of thousands, if not millions, between survey results and exchange accounts.

That said, Jonathon Miller, Australian managing director Kraken exchange, said that his platform came up with similar figures to Finder in YouGov market research in May.

The sample in that survey included 1,027 Australians aged 18 years and older, the data weighted by age, gender and region to reflect the latest ABS population estimates.

It found that one in five (19%) Aussies have owned or currently own a cryptocurrency, and 14% (2.78 million) currently have a crypto portfolio.

Speaking to the Finder survey, Miller said: I dont think its going to be that far off. The point is that these surveys are probably representative.

One issue that could be affecting the results of crypto-related surveys is that respondents to some of these surveys are actually being paid in crypto.

On Nov. 18, a Premise Data survey of 11,000 participants across 76 countries claimed that 41% of people globally trust Bitcoin (BTC) over local currencies.

The catch was, a separate survey of Premises contributors two months earlier reported 23% of its contributor base have been paid in BTC, and since 2016, the data collection company has paid out over $1 million in Bitcoin via Coinbase to survey participants in 137 countries globally.

Melbourne Institute of Applied Economic and Social Research Principal Research Fellow Nicole Watson told Cointelegraph that paying someone Bitcoin to complete a survey about cryptocurrency would bias the result.

People who know what Bitcoin is and want some would be more likely to take part, she said. In short, theyre not going to be reflective of the wider population.

Cointelegraph reached out to Premise about its survey methodology, but received no response.

In Watsons opinion, online-only surveys are not representative of the wider population.

She explained that someones participation in a survey could be influenced by who is running it, what it is about, how long it will take and what (if any) incentives are offered all of which may bias the results.

For research conducted in Australia, a good way to tell whether the findings are trustworthy is by checking whether it has been issued an Australian Polling Council Quality Mark. In the United Kingdom, you can look to see whether the polling company is a member of the British Polling Council (BPC) and in the United States, the National Council on Public Polls.

The Australian Polling Council says that any survey or poll worth its weight should include a long methodology statement, including additional information like weighting methods, effective sample size and margin of error.

Read the original here:
True or false: 91% of surveys about Bitcoin and crypto are totally wrong - Cointelegraph

This simple Bitcoin options strategy lets traders profit while also hedging their bets – Cointelegraph

For traders who are undecided on Bitcoin's (BTC) move, the "long condor with call options," or the "iron condor" options strategy, yields optimal results with very low risk. This strategy offers protection down to $53,500, which would be a 7% downside move from the current $57,600, and returns a positive outcome up to $67,500.

Options markets provide more flexibility to develop custom strategies. Unlike futures, there are two separate instruments available. The call option gives the buyer upside price protection, while the protective put option offers the opposite.

This long condor strategy has been set for the Dec. 31 expiry and uses a slightly bullish range. The same basic structure can also be applied for other periods or price ranges, although the contract quantities might need some adjustment.

Bitcoin was trading at $57,600 when the pricing took place, but a similar result can be achieved starting from any price level. The minimum contract size depends on the derivatives exchange, but one needs to keep the suggested ratio to hold the overall strategy structure.

The first trade requires buying 0.54 contracts of the $52,000 call options to create positive exposure above this price level. Then, to limit gains above $56,000, the trader needs to sell 0.50 BTC call option contracts.

To further limit gains above $64,000, another 0.45 call option contracts should be sold. To complete the strategy, the trader needs upside protection above $70,000 by buying 0.41 call option contracts if the Bitcoin price skyrockets.

Related: 3 reasons why Bitcoins drop to $56.5K may have been the local bottom

The strategy might sound complicated to execute, but the margin required is only 0.0152 BTC, which is also the max loss. Traders should remember that it is also possible to close the position ahead of the Dec. 31 expiry if there's enough liquidity.

The max net gain occurs between $56,000 and $64,000 at 0.0233 BTC, which is 50% higher than the potential loss. With 30 days until the expiry date, this strategy gives the holder peace of mind because, unlike futures trading, there is no liquidation risk.

Furthermore, having a profit range that varies from a 7% downside move to a positive 17% price change seems conservative and covers a decent $14,000 price range.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

More here:
This simple Bitcoin options strategy lets traders profit while also hedging their bets - Cointelegraph

Can Bitcoin rally in December? | Tune in now to The Market Report w/ Gareth Soloway – Cointelegraph

Join Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman as they break down the latest news in the markets this week. Heres what to expect in this weeks markets news breakdown:

After the market news update, the hosts chat with special guest Gareth Soloway about the current Bitcoin market cycle, inflation and how the S&P 500 would affect cryptocurrencies in the event it crashes.

Using insights from Cointelegraph Markets Pro, a platform for crypto traders who want to stay one step ahead of the market, the Cointelegraph experts identify two altcoins that stood out this week: Shiba Inu (SHIB) and Terras LUNA.

Finally, Cointelegraph Markets analyst Pechman discusses why regulatory uncertainty might have caused Bitcoins latest correction. Both United States Secretary Janet Yellen and Federal Reserve Chair Jerome Powell have expressed the need to urgently create a regulatory framework, and on Nov. 12, the SEC rejected VanEcks spot Bitcoin exchange-traded fund proposal. Is there any hope for regulatory clarity in the next six months?

Do you have a question about a coin or topic not covered here? Dont worry! Join the YouTube chat room and write your questions there. The person with the most interesting comment or question will be given a free month of Cointelegraph Markets Pro, worth $100!

The Market Report streams live every Thursday at 12:00 pm ET (5:00 pm UTC), so be sure to head on over to Cointelegraphs YouTube page and smash that like and subscribe button for all our future videos and updates.

See the original post:
Can Bitcoin rally in December? | Tune in now to The Market Report w/ Gareth Soloway - Cointelegraph

The Invisible Incentives Of Bitcoin – Bitcoin Magazine

What incentives does Bitcoin offer? Money accumulation, or is there any greater purpose and incentive for miners securing the network? Mining is a most important process of the Bitcoin network, yet relatively few actually understand it.

I recently had the pleasure of speaking with Marty Bent, the laid-back Philadelphian with a penchant for Bitcoin mining and founder of Tales From The Crypt podcast. We talked about my journey and how I came about writing my book From Bars To Bitcoin, a coming-of-age story in which prison ushered Bitcoin into my life for the better. I did not need a halfway house when I came home from incarceration because Bitcoin gave me the necessary skills to reintegrate into society at a pace only a book could highlight. During the podcast, a revelation hit me on the real reason behind Bitcoins incentives; you know, the tangible things that keep plebs and investors up at night.

What incentives does fiat money give society that may sway so many members of society to push morality to the side, even to the extent that they may even commit a crime to obtain it? Looking at the staggering numbers of incarceration in America, its easy to see that this happens with regularity. Crime pays, and it delivers in fiat at greater levels than bitcoin. The media may uphold bitcoins few cases of cybercrime and its shadowy super-coder founder as something that threatens the security of the reserve currency. That truth is that crimes committed with bitcoin are few and far between. Bitcoin, in my opinion, gives a more peaceful, inclusive, and better return of honest money as an incentive than anything man has ever seen before.

The initial idea ran through my mind at an earlier date while reading Mastering Bitcoin but conversing with Marty brought renewed feelings on the topic. Mining is one of those many Bitcoin incentives. To the misinformed, mining may seem like an energy-dependent money grab. A well-run series of S9 miners toiling at mathematical problems hashing away for a solution seems to result from acquiring Bitcoin with a high price tag. Even my granddaddy tried his hand at mining by buying an old AntMiner, to no avail. Thats how powerful Bitcoin is; no matter what, if you are attached to Bitcoin, if it goes up, you go up with it. That is why Bitcoin is the only thing I hold.

For the record, I am not some hardcore Bitcoin miner. I am merely posing a question to the Bitcoin community about their incentives to acquire. What is the real motivation for mining Bitcoin? That one question can quickly peel back many other layers of hidden incentives. What I mean by hidden is that a lot of people believe these incentives solely revolve around money. The overall price of Bitcoin goes up, then people get overly excited; thats what messes up newbies during the orange-pill process because they have no idea what mining entails. At the surface level, it is hard to understand that mining bitcoin keeps the network decentralized, and it is way bigger than just earning bitcoin as a monetary reward. It is also about creating a new financial structure on the Earth that treats all fairly, as equals, which cannot be manipulated to the benefit of the few at the top. Bitcoin is sound money. Bitcoin saves the world while you tweet, while you surf the internet, and so many are not paying attention. Here is how.

Mining is a complex topic at the base level, but mining secures the network and it assures the automated mathematical issuance of new bitcoin. For example, in 2021, every 10 minutes, 6.25 new bitcoin are added to the worldwide ledger and placed into a certain block. What does that look like every day? Thats 900 new bitcoin. The issuance of bitcoin and everything around that issuance encompasses that hard cap of 21 million, demanding that a certain fixed amount of bitcoin comes out every day on the path to that total of 21 million. That structures predictability is the base layer as to why bitcoin has a 200% compound annual growth for over a decade.

Mining acts as a decentralized mint for bitcoin. When miners add a new block to the blockchain, a set number of unique bitcoin is rewarded. They are also rewarded with fees from transactions, which serves as another powerful financial incentive. How do we compare that to something in the real world? Within fiat history, there has never been a form of money issuance that relied solely on following mathematical rules. Previously, money issuance was based simply on political policies, whims, and even just human emotion. We have our most significant example, with COVID-19. 20% of U.S. dollars in existence were printed in 2020 alone to save the economy or, better yet, to save Wall Street. Even the Federal Reserve Chair Jerome Powel has lost faith in the M2, saying, Right now, M2 [money supply] does not really have important implications. It is something we have to unlearn. This should raise some eyebrows.

However, while governments worldwide increased their money printing, the Bitcoin network still kept mining the same consistent amount it was programmed to do, which helped to stabilize the world. That decentralized set issuance of mining, coupled with the built-in halving concept, is a trustable incentive and the real reason why you mine bitcoin. In the face of a pandemic, bitcoins issuance amount was cut in half and still served as a valuable store of wealth, when the fiat system did not. A halving of the amount of new bitcoin issued occurs every 210,000 blocks (about every four years). Lowering that number at a steady pace is the genius of Satoshi. Keeping the network on an issued schedule of scarcity increases the value of the coin over time, ensuring that demand exceeds supply

Another invisible incentive is that a lot of manipulation is impossible due to the fact that you cant add or decrease the block size. You cant alter the amount of bitcoin supply being created. This brings about an incentive for you to continuously hold on to it. It upholds the de-inflationary nature of bitcoin. Even the HODL method, for example, may just be the greatest invisible incentive in the Bitcoin world of all time. What is the incentive for HODLing? A lot of people believe HODLing is about increasing your fiat value, and keeping bitcoin off of the exchanges, and YES this is very important.

However, HODLing requires holding your bitcoin for a long time after converting your fiat dollars into it, trusting that the exponential increase in bitcoins value is also a fixed fact of life. It creates a recipe for destroying the fiat system; however, so many believe it is only for making money. Bitcoins actual design is to empower the people because the people in control of the money cant go against their own nature, so they keep printing money. When people used to ask, Can Bitcoin end the banks? I used to think it couldnt, but the longer you HODL, the more you strengthen Bitcoin, and that answer begins to lean more towards a definite YES. Satoshi wrote Bitcoins core code to be impregnable and aligned from top to bottom. So the more fiat dollars siphoned out the system into Bitcoin, the weaker centralized control becomes, and most people are doing this without being aware they are doing so.

In El Salvador for example, the citizens are still spending U.S. dollars, but during the recent price strike, they are slowly starting to realize the common-sense value of HODLing as the value of any bitcoin they own increases. You dont have to teach the value of saving with bitcoin; understanding bitcoin will do it for you. That time will come when you start to notice your fiat money is not working for you, and the whole monetary system is tainted with corruption. Thats when those incentives of Bitcoin take hold and are always at work. You are upholding the network you are participating in, and by doing that, you are actively increasing the role and importance of bitcoin in the world, and thereby disrupting the system of old.

This is a guest post by BitcoinVegan and Dawdu Amantanah. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

Excerpt from:
The Invisible Incentives Of Bitcoin - Bitcoin Magazine

The future is Bitcoin according to South Park creators – Cointelegraph

South Park, the animated TV series that often tackles topical issues with a comedic twist, showed Bitcoin being used as a mainstream means of payment in the not too distant future.

In the Post COVID episode of its 24th season which aired Thursday, South Park depicted one of the shows protagonists, Stan Marsh, paying for a stay in a cheap motel using Bitcoin (BTC) roughly 40 years from now, when the pandemic is jokingly about to end for good. The fictional Super 12 Motel Plus in a future where nearly all brand names have plus and maxx included only accepts Bitcoin and other cryptocurrency, with the show having Marsh pay using a plastic card with the BTC logo and a QR code.

Its the future weve all decided centralized banking is rigged so we trust more in fly-by-night Ponzi schemes, said the motel clerk.

Many in the crypto space know South Park for its criticism of the United States governments and banks response following the 2008 financial crisis, popularized by the meme aaaand... its gone referring to Marsh losing money immediately after depositing it in a bank. Among the other future predictions in the recent episode are autonomous vehicles, holographic digital assistants and stand-up comedy becoming a shadow of itself amid woke culture.

Though referencing cryptocurrency and blockchain in mainstream media is somewhat commonplace now, this wasnt always the case. The first TV series to feature BTC was The Good Wife in January 2012, but others have gone on to use the emerging technology and financial tool for both comedy and drama. This year, James Spaders character in The Blacklist claimed to know the true identity of Satoshi, and The Simpsons showed the BTC price moving to infinity on an animated stock ticker feed.

Related: Reality show is casting crypto users locked out of their wallets

Bitcoin's appearance on the popular animated series comes as the price of the crypto asset has stayed mostly under $60,000 for more than a week. According to data from Cointelegraph Markets Pro, the BTC price is $59,237 at the time of publication, having fallen more than 14% since reaching an all-time high of $69,000 on Nov. 10.

Originally posted here:
The future is Bitcoin according to South Park creators - Cointelegraph

Pokmon GO Creator’s AR Platform Is Now Being Used To Hunt Bitcoin, Not Pocket Monsters – Nintendo Life

Image: Fold

Niantic, the studio being the smartphone hit Pokmon GO, has lent its AR platform to payments company Fold to create a new kind of 'catch 'em all' adventure but this time, players are hunting for the cryptocurrency Bitcoin rather than monsters.

Payments company Fold has leveraged Niantic's AR platform to create an in-app experience where users can earn Bitcoin by exploring a virtual environment based on their immediate surroundings, described by the firm as a "real-world metaverse".

Users will be able to discover and collect Bitcoin and other prizes around them using the app. Every 10 minutes, a new block containing a fresh prize is dropped in the vicinity of a player. By claiming the block, the user earns 'Satoshis', the smallest unit of Bitcoin, alongside other rewards. However, if you collect a 's**tcoins' or 'Poison Pills', you could end up losing all of the Bitcoin you've collected.

Here's how Fold describes the experience on its blog it's even cheeky enough to use a gif of Mario collecting coins in Super Mario World:

The AR experience acts as a natural extension of the Fold App which already gives you the ability to earn bitcoin going about your daily life: buying coffee, going shopping, paying bills, and even paying your taxes. While the experience is open to anyone, Fold Cardholders can collect extra spins and rewards boosts to increase their rewards on the Fold Card.

The complete experience will drop next year and will enable individuals to find, trade, and hide bitcoin and other rewards throughout the world IRL, and will also give merchants the ability to engage the community with incentives and offers. It all started with someone saying lets make PokemonGo but for bitcoin and ended with lets build a new way to exchange and share bitcoin with others.

Fold CEO Will Reeves also had this to say:

This is the easiest, most fun way to get your first piece of Bitcoin. Anyone can use our [Fold] app to earn Bitcoin and other rewards by exploring the world around them. For us, it's always been important to make participating in the Bitcoin economy easy for anyone, regardless of education or technical expertise.

What do you make of this venture? Let us know with a comment.

Follow this link:
Pokmon GO Creator's AR Platform Is Now Being Used To Hunt Bitcoin, Not Pocket Monsters - Nintendo Life

Stripe says it’s open to accepting crypto for payments, three years after ending bitcoin support – CNBC

Stripe isn't ruling out accepting cryptocurrency as a method of payment in the future, according to co-founder John Collison.

The online payments company ended support for bitcoin payments in 2018, citing the digital coin's notoriety for volatile price swings and a lack of efficiency in making everyday transactions.

"Crypto obviously means a lot of different things to a lot of different people," Collison said at a CNBC-moderated panel at the Fintech Abu Dhabi festival on Tuesday.

Collison said there were some aspects to crypto such as its use as a speculative investment that are "not that relevant to what we do at Stripe."

But, he added: "There have been a lot of developments of late with an eye to making cryptocurrencies better and, in particular, scalable and acceptable cost as a payment method."

Asked whether Stripe would start accepting crypto as a method of payment again, Collison said: "We don't yet, but I think it's not implausible that we would."

The company recently formed a team dedicated to exploring crypto and "Web3," a buzzword in tech that refers to a new, decentralized version of the internet.

The effort is being led by Guillaume Poncin, Stripe's head of engineering. Earlier this month, the company appointed Matt Huang, co-founder of crypto-focused venture capital firm Paradigm, to its board of directors.

Collison said there are a number of innovations emerging in digital assets that have potential, including solana a competitor to ethereum, the world's second-biggest digital currency to "Layer 2" systems like bitcoin's Lightning Network, which aim to speed up transactions and process them at a lower cost.

Founded in 2009, Stripe has quickly become the largest privately-held fintech company in the U.S. The company was last valued at $95 billion and counts the likes of Baillie Gifford, Sequoia Capital and Andreessen Horowitz as investors.

The company, which processes payments for the likes of Google, Amazon and Uber, has expanded into a number of other areas in finance lately, including loans and tax management.

See the rest here:
Stripe says it's open to accepting crypto for payments, three years after ending bitcoin support - CNBC