Today, Block, Inc. (NYSE: SQ) and Core Scientific (Nasdaq: CORZ) have announced a new partnership focused on further decentralizing mining hardware. This collaboration introduces Block’s advanced 3 nanometer (3nm) mining ASICs, created by their Proto team, to Core Scientific’s large-scale mining operations. Core Scientific, a leader in Bitcoin mining, isContinue Reading
Earlier this year the Energy Information Administration attempted to conduct a survey of Bitcoin mining energy use under emergency authorization statues, bypassing the traditional process of instituting a survey that required an open period of comment from the public and industry players subject to the survey. This survey attempt wasContinue Reading
Company Name: Foundation Devices Founders: Zach Herbert, Ken Carpenter and Jacob Johnston Date Founded: March 2020 Location of Headquarters: Boston, MA and remote (worldwide) Amount of Bitcoin Held in Treasury: Foundation holds bitcoin but didn’t disclose the amount Number of Employees: 24 full-time employees Website: https://foundation.xyz/ Public or Private? PrivateContinue Reading
The City of Santa Monica is making history by opening an official Bitcoin office. The city council unanimously voted to pilot the office in partnership with the nonprofit Proof of Workforce at no cost to the city. The office has four key goals, as per the PR sent to Bitcoin Magazine: providingContinue Reading
Introduction Bitcoin will revolutionize politics, not replace it. Even if hyperbitcoinization were to become a reality with Bitcoin at the center of the monetary system that emerges from the ruins of the current fiat system, the state would remain the dominus of international relations. It would rise from the ruinsContinue Reading
On September 4, 2001, Winod Parbhoe was murdered in cold blood. The entrepreneur, who was the founder of the Suriname Palace Casino, an establishment he co-owned with CCA Companies Incorporated (Conserver Corporation of America), was shot two times in the chest and once in the neck in a drive-by shooting,Continue Reading
U.S. Senator Marsha Blackburn (R-TN) has announced, in a press release sent to Bitcoin Magazine, that her re-election campaign now accepts cryptocurrency donations. This move comes as Blackburn’s campaign recently launched a page dedicated to Bitcoin donations. “Our campaign is committed to meeting supporters where they are,” said Senator Blackburn. “AsContinue Reading
Australia’s leading stock exchange, the Australian Securities Exchange (ASX), has approved listing the second Bitcoin exchange-traded fund (ETF) on its platform. BREAKING: 🇦🇺 Australia’s largest stock exchange has approved its second spot #Bitcoin ETF. pic.twitter.com/SY5vIGEm4a — Bitcoin Magazine (@BitcoinMagazine) July 9, 2024 On July 9th, the ASX gave the greenContinue Reading
Today, a Republican National Committee panel approved a draft of its 2024 party platform, that strongly supports Bitcoin. On page nine, the draft explicitly states, “We will defend the right to mine Bitcoin, and ensure every American has the right to self-custody of their digital assets, and transact free fromContinue Reading
The debate of 2024 has been about scaling bitcoin self-custody versus ossification, with the presupposition that an ossified bitcoin protocol as it is today is imperfect – but its sound monetary properties alone are enough to change the world for the better, so changes would introduce unacceptable risk. This articleContinue Reading
