https://www.thestreet.com/investing/binance-suspends-resumes-withdraws-as-cryptocurrency-markets-soar

Sharp increase in ETH prices drove Binance to a full-stop for a moment.
So much so they had to ...suspend withdrawals and this could mean only one thing. Binance does not have the money on hand.

This could be worrisomeShow more >

Like if you're in the 1,000 QCP club like me (or will be one day)!

Like if you're in the 1,000 QCP club like me (or will be one day)!

Pomp speaks about

- Hardware wallets
- Open source wallets
- Apple
- Google
- Decentralized internet
- Restricting innovation
- Future Foundation products

https://podca...sts.apple.com/us/podcast/511-zach-herbert-on-building-crypto-hardware/id1434060078?i=1000512682660Show more >

Emerald Crypto | Feb 24

Business Intelligence firm MicroStrategy confirmed adding more than a billion dollars worth of Bitcoin to its holdings today. The buy is the second largest known single investme...nt into Bitcoin, behind only Tesla's $1.5B transaction announced February 8th.

MicroStrategy's total Bitcoin holdings now stand at about $4.4B (at the time of this writing), which looks pretty good compared to an investment of $2.17B. CEO Michael Saylor has recently stated that his company is using excess cash to purchase BTC and that they intend to keep doing so. Saylor also won't rule out issuing new debit or equity securities to buy more of the cryptocurrency.

Saylor isn't just embracing the potential financial benefits of Bitcoin but also the underlying internet subculture. Danny Nelson of CoinDesk brings us this gem today:

“Saylor has fully steeped himself in bitcoin’s swirling meme culture. He added laser eyes to his Twitter profile in apparent unity with the #LaserRayUntil100K movement last week. On occasion he trolls gold as an inferior reserve asset. He has shown a penchant for Lord of The Rings content, liking memes in praise of the 'One Coin to Rule Them All' and retweeting videos in which he is Gandalf, leading the Rohirrim into battle against evil, evil fiat."

Meanwhile Point of Sale Solutions provider Square announced a $170M purchase of Bitcoin Tuesday, according to Yahoo! Finance. The company, founded by Twitter CEO Jack Dorsey, had previously purchased $50M worth of BTC in October of 2020. Yesterday's purchase makes Bitcoin about 5 percent of Square's cash and cash equivalents.

Square's press release had this to say:

“Aligned with the company’s purpose, Square believes that cryptocurrency is an instrument of economic empowerment, providing a way for individuals to participate in a global monetary system and secure their own financial future. The investment is part of Square’s ongoing commitment to bitcoin, and the company plans to assess its aggregate investment in bitcoin relative to its other investments on an ongoing basis.”

Square Inc. developed the popular mobile payment service CashApp, which reported over one million first-time Bitcoin buyers in January 2021. CashApp also reports that over three million users used the service to purchase BTC in 2020.

Similarly, in October 2020 online payment giant PayPal began allowing U.S.-based users to purchase four different cryptocurrencies through its platform – Bitcoin, Bitcoin Cash, Ethereum and Litecoin. A similar offering will be available in the U.K. by June of this year.

Services like PayPal and CashApp are tapping into an increasing market driven by what PayPal CFO John Rainey calls 'crypto-curiosity'. More and more consumers are interested in finding out about cryptocurrencies and what they have to offer and payment service providers PayPal and CashApp are providing a point of entry.

Published by Emerald CryptoShow more >

Emerald Crypto | Feb 24

Business Intelligence firm MicroStrategy confirmed adding more than a billion dollars worth of Bitcoin to its holdings today. The buy is the second largest known single investme...nt into Bitcoin, behind only Tesla's $1.5B transaction announced February 8th.

MicroStrategy's total Bitcoin holdings now stand at about $4.4B (at the time of this writing), which looks pretty good compared to an investment of $2.17B. CEO Michael Saylor has recently stated that his company is using excess cash to purchase BTC and that they intend to keep doing so. Saylor also won't rule out issuing new debit or equity securities to buy more of the cryptocurrency.

Saylor isn't just embracing the potential financial benefits of Bitcoin but also the underlying internet subculture. Danny Nelson of CoinDesk brings us this gem today:

“Saylor has fully steeped himself in bitcoin’s swirling meme culture. He added laser eyes to his Twitter profile in apparent unity with the #LaserRayUntil100K movement last week. On occasion he trolls gold as an inferior reserve asset. He has shown a penchant for Lord of The Rings content, liking memes in praise of the 'One Coin to Rule Them All' and retweeting videos in which he is Gandalf, leading the Rohirrim into battle against evil, evil fiat."

Meanwhile Point of Sale Solutions provider Square announced a $170M purchase of Bitcoin Tuesday, according to Yahoo! Finance. The company, founded by Twitter CEO Jack Dorsey, had previously purchased $50M worth of BTC in October of 2020. Yesterday's purchase makes Bitcoin about 5 percent of Square's cash and cash equivalents.

Square's press release had this to say:

“Aligned with the company’s purpose, Square believes that cryptocurrency is an instrument of economic empowerment, providing a way for individuals to participate in a global monetary system and secure their own financial future. The investment is part of Square’s ongoing commitment to bitcoin, and the company plans to assess its aggregate investment in bitcoin relative to its other investments on an ongoing basis.”

Square Inc. developed the popular mobile payment service CashApp, which reported over one million first-time Bitcoin buyers in January 2021. CashApp also reports that over three million users used the service to purchase BTC in 2020.

Similarly, in October 2020 online payment giant PayPal began allowing U.S.-based users to purchase four different cryptocurrencies through its platform – Bitcoin, Bitcoin Cash, Ethereum and Litecoin. A similar offering will be available in the U.K. by June of this year.

Services like PayPal and CashApp are tapping into an increasing market driven by what PayPal CFO John Rainey calls 'crypto-curiosity'. More and more consumers are interested in finding out about cryptocurrencies and what they have to offer and payment service providers PayPal and CashApp are providing a point of entry.

Published by Emerald CryptoShow more >

https://realinvestmentadvice.com/bye-bye-brokers-hello-blockchain-technology/
(Brokers = market inefficiency, Blockchain = a market that is less incumbered)

https://realinvestmentadvice.com/bye-bye-brokers-hello-blockchain-technology/
(Brokers = market inefficiency, Blockchain = a market that is less incumbered)

https://cointelegraph.com/news/price-analysis-2-15-btc-eth-ada-xrp-dot-bnb-ltc-bch-link-xlm


"The Bitcoin bulls appear to have control despite the cooling-off from institutional investors. Is $50K ...still in sight?"


Nice way to spread some fear. Bitcoin will see $100 000 by the end of the year, keep HODLing guysShow more >

Bitcoin is back above $40,000, recouping nearly all its losses incurred since hitting an all-time high in early January.
Fuck YEAHHHH!!!
https://www.coindesk.com/bitcoin-back-above-40k-as-institutions-l...ead-the-wayShow more >

Another great podcast by Pomp, Don't miss it https://podcasts.apple.com/us/podcast/478-harley-finkelstein-on-entrepreneurship/id1434060078?i=1000506618877

- Shopify
- Expansion of digital economy <...br>- Competing with Amazon
- Digital as default
- Role for Bitcoin moving forward

Show more >

This is how adoption looks like. Everyone is getting involved.
It's still not too late to buy, Bitcoin is early stage still.

https://www.coindesk.com/harvard-yale-brown-endowments-have-been-buying-...bitcoin-for-at-least-a-year-sourcesShow more >

I entered into blockchain for the disruptive and innovative technology. Watching it grow over the year has been a blast for me as well as other supporters, I'm sure.

But what I learned over the years t...hat very good chunk of people have no clue about Bitcoin and the blockchain technology behind it. They are here because of the profits and money grab. You cannot really call them supporters or adopters because at the first sign of profit trouble, they are out. IF they can't make any money, it's bye-bye for them.

I've talked to a lot of people, some really interested in the tech and some not at all and this is what makes me sad every time I think about it.

People don't understand the technology, they don't want to understand it and they don't care about it, only thing they care about is money. They heard it's good money to be made there.
When you listen to them talk, you instantly realize that they have no idea what they are talking about, nothing makes sense and they are just trying to sell you something they themselves don't understand. When you challenge them on the subject they avoid it with more nonsense or try to intimidate you by raising their voice.

There are of course people who deeply understand the technology and are very involved, which is a breath of fresh air, but every so often you stumble upon the other kind.

I can understand people looking to make a quick buck and then getting hooked up, but to never trying to understand the technology or even care about it seem like a bad news for blockchain/crypto

Just look at some scam coins like OneCoin and Bitconnect. They grabbed their money, and now they are gone, dropped from the face of the earth.
Ian Balina, withdrew his BTC in 2018 and you don't hear from him ever.
John Mcafee, where is he now? He shilled crypto so hard few years ago and now you don't hear about him.
and many many more.....

One time I got connected with a person who was a friend of a friend, interested in doing business together, rich and influential but had no knowledge of blockchain. The first thing he asked me was "is this a scam or a pyramid scheme?"... even before I could say anything.
That was his perception of Bitcoin, blockchain and crypto.

These types of people make the industry and technology look bad altogether.
However, bad marketing is marketing also. At least people hear about Bitcoin and blockchain.

But...

Is this how adoption takes place? Bunch of people who are in it for the money and scram at the first sign of trouble?Show more >

I entered into blockchain for the disruptive and innovative technology. Watching it grow over the year has been a blast for me as well as other supporters, I'm sure.

But what I learned over the years t...hat very good chunk of people have no clue about Bitcoin and the blockchain technology behind it. They are here because of the profits and money grab. You cannot really call them supporters or adopters because at the first sign of profit trouble, they are out. IF they can't make any money, it's bye-bye for them.

I've talked to a lot of people, some really interested in the tech and some not at all and this is what makes me sad every time I think about it.

People don't understand the technology, they don't want to understand it and they don't care about it, only thing they care about is money. They heard it's good money to be made there.
When you listen to them talk, you instantly realize that they have no idea what they are talking about, nothing makes sense and they are just trying to sell you something they themselves don't understand. When you challenge them on the subject they avoid it with more nonsense or try to intimidate you by raising their voice.

There are of course people who deeply understand the technology and are very involved, which is a breath of fresh air, but every so often you stumble upon the other kind.

I can understand people looking to make a quick buck and then getting hooked up, but to never trying to understand the technology or even care about it seem like a bad news for blockchain/crypto

Just look at some scam coins like OneCoin and Bitconnect. They grabbed their money, and now they are gone, dropped from the face of the earth.
Ian Balina, withdrew his BTC in 2018 and you don't hear from him ever.
John Mcafee, where is he now? He shilled crypto so hard few years ago and now you don't hear about him.
and many many more.....

One time I got connected with a person who was a friend of a friend, interested in doing business together, rich and influential but had no knowledge of blockchain. The first thing he asked me was "is this a scam or a pyramid scheme?"... even before I could say anything.
That was his perception of Bitcoin, blockchain and crypto.

These types of people make the industry and technology look bad altogether.
However, bad marketing is marketing also. At least people hear about Bitcoin and blockchain.

But...

Is this how adoption takes place? Bunch of people who are in it for the money and scram at the first sign of trouble?Show more >

I bet Biden has some Bitcoins locked somewhere

https://www.whitehouse.gov/briefing-room/presidential-actions/2021/01/20/regulatory-freeze-pending-review/