Bitcoin

Yachtzoo-Supports-Cryptocurrency-Payments
Yacht Brokerage Yachtzoo Now Accepts Crypto Payment via Bitpay

Luxury yacht brokerage company Yachtzoo announces partnership with crypto payment services provider Bitpay. The partnership allows acceptance of crypto payments for buying, selling, and chartering yachts. Bitpay only charges 1% transaction fees on yacht deals with Yachtzoo. The Monaco-based luxury yacht brokerage Yachtzoo disclosed that its company is working with BitPay, the leading cryptocurrency payments company who began modernizing the operations of businesses in 2011. Based on the company’s website, the luxury yacht services provider will integrate Bitpay in order for customers to use cryptocurrencies as a payment method. The collaboration allows the customers to buy, sell, and/ or charter

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Bitcoin Lightning Network Capacity Hits New ATH of 4267 BTC
Bitcoin Lightning Network Capacity Hits New ATH of 4267 BTC

Bitcoin’s Lightning Network snapped a new ATH capacity of 4267 BTC. Revealing over $91M in value is ready for peer-to-peer payments. A data from 1ML shows that the average fee for BTC payments is at $0.0002. Bitcoin’s Lightning Network reaches another milestone by securing a new all-time-high in public network capacity.  According to cryptocurrency on-chain metrics and data provider Glassnode, the Lightning Network of Bitcoin reached a new record height of over 4267 Bitcoin. This means that peer-to-peer payments of more than $91 million in value will be ready. Lightning Network Capacity as of July 16, 2022. Source: Glassnode. Launched

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Bitcoin Balance Low in Binance Exchange
Fidelity Investments Praises Bitcoin for ‘True Decentralization’

Fidelity Investments highlights how Bitcoin is truly decentralized. Bitcoin showcases the power of decentralization. BTC proves it is more decentralized than other blockchain platforms. Fidelity Investments states that Bitcoin is “truly decentralized”. Many mistakenly believe that decentralization only applies to technology, but it is much more than that. Decentralization is a process by which the network of users becomes more resistant to attack or control by a single entity. To highlight, decentralization is a core principle of Bitcoin and is one of the main reasons why the digital currency has been so successful. In a recent tweet by Bitcoin Magazine,

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Mining-Bitcoin-Now-Costs-$13K-Now,-Dropped-From-$24K-in-June
Mining Bitcoin Now Costs $13K Now, Dropped From $24K in June

The cost to mine 1 Bitcoin (BTC) is now $13,000. This is a considerable drop from the $24,000 it cost last month.  Only 9.1% of the Bitcoin (BTC) supply is left unmined. It seems that Bitcoin mining is now more affordable than it was last month. According to JPMorgan, the production cost of Bitcoin mining has fallen from $24,000 to $13,000 per Bitcoin (BTC).  At the time of writing, the price of each Bitcoin (BTC) stands at $19,794. Of the total 21 million Bitcoins that exist, 19,093,362 Bitcoins have already been mined and are in circulation. This leaves only 9.1%

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Bitcoin in Green as Exchanges Defy Russia Ban Calls
Bitcoin Maximalist Woes: Old Arguments Resurface

Some unearthed facts stated that Satoshi Nakamoto took part in the creation of Namecoin. The Bitcoin Maximalism controversy sparked anew after Nic Carter criticized the ideology. A couple of months ago, Vitalik Buterin wrote a piece in the defense of Bitcoin Maximalism.   Amid increasing controversies regarding the Bitcoin Maximalist ideology, a couple of old arguments have resurfaced, adding to the maxis’ woes. Specifically, the thread was published by Twitter user High Stakes Capital, who was a Bitcoiner back in 2013. According to the thread, Satoshi Nakamoto, the enigmatic creator of Bitcoin, did not have an ideology similar to the

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Swiss-Post-Office-Will-Offer-Crypto-Custody-and-Trading-Services
Swiss Post Office Will Offer Crypto Custody and Trading Services

The Swiss post office is offering crypto trading and crypto custody services.  It will do so through its banking arm — PostFinance. The services will most likely be available by 2024 at the latest. Swiss post office announces its intent to launch its own crypto trading and custody services to its clients. In detail, the Swiss post office will be extending its cryptocurrency entry via its banking arm PostFinance.  Specifically, the brand will be rolling out a crypto trading and custody product. This decision came after much demand from their users. Adding on, the company says that the services will

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Swiss-Post-Office-Will-Offer-Crypto-Custody-and-Trading-Services
Bitcoin Addresses Surpass 1 Billion Despite Rocky Crypto Market

The number of Bitcoin (BTC) addresses ever created surpassed 1 billion.  This is great news and a clear indicator of high Bitcoin (BTC) adoption.  It is even more exceptional as the milestone came during crypto winter. As the crypto winter continues to rattle the Bitcoin (BTC) and crypto community, some sparks are still shining through. To highlight, the total number of Bitcoin (BTC) addresses to ever be created has now surpassed 1 billion.  That’s right, it looks like Bitcoin (BTC) wallets are now over the one billion milestone. This is indeed exciting news for the Bitcoin and crypto community overall.

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Michael-Saylor-US-To-Profit-Most-From-Crypto-Adoption
Michael Saylor: US To Profit Most From Crypto Adoption

Michael Saylor claims the US will benefit the most if the world adopts cryptocurrencies. As of the end of 2021, global adoption of cryptocurrency grew by 2,300% from Q3 2019. A country in the Middle East might adopt Bitcoin as a legal tender. MicroStrategy CEO Michael Saylor claimed that the United States will benefit the most if the world adopts cryptocurrencies. Always a Bitcoin bull, Saylor specifically mentioned the chief cryptocurrency, saying that it offers a “sound ethical, technical, and economic foundation” for the digital economy. As seen in the tweet, he also forwarded a document submitted by the Bitcoin

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Bitcoin-Investors-Lose-Faith-in-CEXs,-Over-100K-BTC-Outflow
Bitcoin Investors Lose Faith in CEXs, Over 100K BTC Outflow

Bitcoin (BTC) investors are exiting centralized exchanges with their crypto assets. In the last month alone over 100,000 BTC exited centralized exchanges. 40,000 Bitcoin (BTC) exited centralized exchanges in the last seven days. A record-breaking 100,000 BTC has been moved from centralized exchanges (CEXs) over the past month. According to Glassnode, 40,000 BTC has exited CEXs in the last seven days alone.  During this crypto winter, many exchanges made the decision to halt withdrawals on their platforms. This means that many crypto holders are facing the issue of having all their assets frozen on these platforms.  That is to say,

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Visa-Introduces-No-Limit-Bitcoin-(BTC)-Card-in-the-UAE
Visa Introduces No-Limit Bitcoin (BTC) Card in the UAE

One of the world’s largest payments networks announces a no-limit BTC card in the UAE. Visa will soon launch a no-limit Visa card in the heart of crypto wall street.  The card known as ‘bitcoinblack’ is available to 10,000 invite-only users. Visa continues to show its support for crypto with its latest news. The brand just announced that it will launch a no-limit Bitcoin (BTC) card in the heart of crypto wall street — the United Arab Emirates (UAE). In detail, the popular payments network will launch an exclusive VIP crypto credit card called ‘bitcoinblack’ in the UAE. The card

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Bitcoin-Closer-Complete-Scarcity,-Only-2-Million-Left-Unmined
Bitcoin Closer Complete Scarcity, Only 2 Million Left Unmined

Of the 21 million total Bitcoin availability, 19 million is already mined.  Only 2 million Bitcoin (BTC) is left to be mined. The crypto community anticipates a massive bull run amid this discovery. Bitcoin gets its value from its scarcity. This scarcity comes from Bitcoin (BTC) being a scarce resource. Since its arrival, it was made clear that there are only 21 million Bitcoin available. Due to the crypto being fungible, more than 21 million could own the digital asset.  In its earlier days, the only way to get Bitcoin was by mining Bitcoin. While Bitcoin miners were the only

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Bitcoin in Green as Exchanges Defy Russia Ban Calls
Over 10.34 Million Bitcoin Wallets Now Hold 0.01 BTC

More and more users are buying Bitcoin (BTC) this crypto winter. Over 10.34 million Bitcoin (BTC) addresses show at least 0.01 BTC in holding. During this time, El Salvador just bought 80 more Bitcoin (BTC). This crypto winter may have pushed many investors into the FUD zone, but has also opened opportunities for many. According to Bitcoin Magazine, it seems that the number of addresses holding at least 0.01 BTC have set a new ATH of over 10.34 million.  Indeed, many are seeing that Bitcoin is a great source for investing. Back when the price of Bitcoin (BTC) was high

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