News

Gary Gensler concerned with decentralization of Bitcoin and illicit use, consumer protection coming for DeFi, ICOs, and altcoins

It is definitely unclear if the future will end up promoting the decentralization and financial self sovereignty in Bitcoin out of necessity. Right now we expect to see Bitcoin continue to be treated as property and uphold its genuine decentralization.

But it is clear that new regulation is coming for ETH, DeFi, and the altcoin armies targeting scams, frauds, and rug pulls galore!

Taproot is coming November 2021 – How does it affect you?

The average Bitcoin user will not notice much unless they are using a new software update that utilizes a Taproot protocol such as Schnorr signature aggregation or smart contracts.

At first network improvements from Taproot implementation will be minor as initial hurdles in setting up/updating/running Taproot are overcome. Lightning network will be streamlined further by batched Schnorr signatures and reduce network congestion in meaningful amounts over the layer 2 sidechain.

bitclout scam

Is Bitclout a scam? Probably..

Bitclout is another presale junk token scam riding the NFT hype wave.

Tons of mainstream crypto investors bought tokens for dirt cheap and are going to dump on all the newbies for 100x gains..

Based on nothing.. No proper smart contracts, no value backed in ETH, Bitcoin, or even tether.

It’s a scam.

Square Buys Another $170 Million in Bitcoin

With over 8,027 Bitcoin accumulated in 2020, Square is in a HUGE position for the future.

Square had continued buying Bitcoins through 2020 and will now be in a heavily profitable position for future growth in the digital space. A smart hedge to bolster against inflation and future dilution of the dollar. There stack of coins has grown immensely and being early to the game by investing last year has tremendously benefited them. The exponential possibility of expansion of wealth through Bitcoin will now form the foundation for Square moving forward.

This will greatly cement their place being involved in the Bitcoin space – smart move for the future.

Federal Reserve elects Pro-Bitcoin Sunayna Tuteja to Chief Innovation Officer!

Bitcoiners are rejoicing to see Sunayna Tuteja elected to Chief Innovation Officer at the United States Federal Reserve.

Not just a win for Bitcoiners, but great to see more women making big moves in our Federal Reserve. The Fed is modernizing quickly and we are all very interested to see how this evolution in employees may bring evolution of monetary policies in the future.

She is very knowledgeable about digital assets in general.

Bitcoin Market Cap Hits $1 Trillion in Historic Moment

Bitcoin has established itself as a globally recognized asset and is not going anywhere – but up.

This decentralized, “proof of work” powered cryptographically encrypted time storing chain of unique computer code is achieving goals faster and well beyond the scope of any human’s expectations, even those of Satoshi Nakamoto. There are very few individuals before 2008 who could even imagine Bitcoin’s true potential as a new modern monetary tool.

Miami becomes First U.S. City to Officially Support Bitcoin

Miami Florida has become the first U.S. City to officially support Bitcoin.

Mayor Suarez might be establishing the new silicon valley with major tech companies fleeing California left and right. Florida has policies that allow much wider freedoms in both personal lifestyle and businesses throughout the pandemic.

Be on the lookout for major tech companies of tomorrow being born in Miami today.