Mt. Gox Repayment Program Set To Begin
2024 has been the year of liquidation. First, the German government decided to offload the 50,000 coins it seized from Movies 2k. During those 27 days, the market took a 25% dip, hitting a low of $ 54,000, while buyers tried to absorb this influx of coins. After the German government emptied its coffers, the […]
The Pros & Cons Of Lightning Banks
Xapo Bank’s recent integration of Bitcoin deposits through the Lightning Network (LN) marks another step towards the adoption of Bitcoin by tradFI. For some strange reason, this dirty ocean boiling magic internet money for nerds, drug dealers and ransomware hackers has the suites interested as it smashes through the trillion-dollar market cap range. 2024 looks like the year […]
How will the Celsius Network Repayment Plan Work?
In July 2022, cryptocurrency lender Celsius Network sent shockwaves through the industry by filing for bankruptcy; while it may not have shocked my seasoned Bitcoiners who preach self-custody, each cycle brings with it a cohort of new Bitcoin holders who have to learn that lesson the hard way. Many users found their funds frozen, raising […]
How To Acquire Bitcoin If Your Government Bans It
If you ask many a nocoiner or bitcoin sceptic why they see no reason to acquire any stake in bitcoin, they’ll often resort to the statist argument of “Well, the government will just ban it if it gets too big”. The idea that governments worldwide will ban bitcoin is popular for a good reason. Bitcoin […]
What Happens When An Exchange Goes Bankrupt?
It’s been a disastrous few months for cryptocurrency exchanges and their customers, with exchange after exchange falling into the depths of insolvency and filing for bankruptcy. As one domino feel, the intertwined nature of the cryptocurrency market has seen contagion spread leaving exchanges exposed without access to the capital that was pledged to them by […]
Banking Blunders Highlight My Need For Bitcoin
I don’t think anyone thinks about the power their bank has over them until they fall victim to its omnipotence. We all believe that bank works for us; we’re the client, they serve us. It’s hardly the case, but a fallacy. We assume the same relationship we have when we trade money for goods and […]