News - Crypto Chicago

Stranded: How Bitcoin is saving wasted energy and expanding financial freedom in Africa⚡️ Zap 10 Sats (1/24/2024) - Bitcoin is often framed by critics as a waste of energy. But in Bondo, like in so many other places around the world, it becomes blazingly clear that if you aren’t mining Bitcoin, you are wasting energy. What was once a pitfall is now an opportunity. Continue Reading

Assessing the Health of Bitcoin⚡️ Zap 10 Sats (1/22/2024) - When investing in bitcoin as an asset, or companies that build on top of the Bitcoin network as part of an asset mix, we need some set of metrics with which to evaluate the progress of the investment thesis, and by extension, the health of the Bitcoin network. Continue Reading

Bitcoin Mining Using Sustainable Energy With a Record High of 54.5% in 2023⚡️ Zap 10 Sats (1/22/2024) - Sustainable energy use for Bitcoin (BTC) mining reached an all-time high of 54.5% in 2023, a 3.6% increase throughout the calendar year. The analysis, conducted by The Bitcoin ESG Forecast, compared Bitcoin’s sustainable energy mix to other industries using publicly available data over the past four years. Continue Reading

FTX Sold About $1B of Grayscale’s Bitcoin ETF…⚡️ Zap 10 Sats (1/22/2024) - BTC's price has fallen since bitcoin ETFs were approved. In theory, now that FTX is done selling its substantial holdings, the selling pressure could ease since a bankruptcy estate liquidating holdings is a relatively unique event. Continue Reading

2023 Yearly On-chain Review⚡️ Zap 10 Sats (1/21/2024) - In this last edition for the year, we will do a whirlwind tour of what changed this year, on-chain. We will explore how the Bitcoin, Ethereum, Derivative, and Stablecoin landscapes have evolved in 2023, and how this sets up the space for an exciting road ahead. Continue Reading

Bitcoin Cold Storage⚡️ Zap 10 Sats (1/21/2024) - Setting up cold storage can be intimidating, but it is actually quite simple. You will gain all the confidence you need to effectively use and manage your private keys with multiple cold storage options. Continue Reading

Securing bitcoin’s scarcity: Fighting fake bitcoin⚡️ Zap 10 Sats (1/20/2024) - The problem is that there are many forms of fake bitcoin, and when someone who wants to buy real bitcoin ends up buying fake bitcoin, that value is not accrued and stored by the true bitcoin system. The process of price discovery is thus corrupted! Continue Reading

Statement on Omnibus Approval Order for List and Trade Bitcoin-Based Commodity-Based Trust Shares and Trust Units⚡️ Zap 10 Sats (1/11/2024) - Today marks the end of an unnecessary, but consequential, saga. More than ten years after the filing of the first spot bitcoin exchange-traded product (“ETP”) application, the Commission finally has approved multiple applications by exchanges to allow the listing and trading of spot bitcoin ETPs Continue Reading

Fidelity Digital Assets: Building on Bitcoin Education and Insights⚡️ Zap 10 Sats (12/23/2023) - While the innovation of Bitcoin and its use of blockchain technology is groundbreaking, network scalability challenges persist as interest, usage, and adoption continue to grow. In this brief synopsis, we look at both Bitcoin’s historical and current efforts to scale the network, why these efforts matter, and where they might take Bitcoin in the future. Continue Reading

Silk Road Marketplace: U.S. Government Confiscates 69,000 BTC⚡️ Zap 10 Sats (12/22/2023) - In a significant legal development, a U.S. appeals court has completed the formal process of confiscating 69,370 bitcoin and other digital assets from the now-defunct dark web Silk Road marketplace. Continue Reading