News - Crypto Chicago

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

Argentina’s Minister of Foreign Affairs Affirms Bitcoin Acceptance for Contract Agreements⚡️ Zap 10 Sats (12/21/2023) - Mondino's declaration outlined the government's willingness to accept and formalize contracts denominated in Bitcoin, heralding a pivotal moment for legal recognition of BTC within Argentina Continue Reading

Third Wave of Bitcoin Grants⚡️ Zap 10 Sats (12/18/2023) - One aspect of Bitcoin that is often overlooked is that, no matter how crazy the news cycle (or the mempools) might be, Bitcoin marches on, unbothered. Every 10 minutes, transactions are being settled. Every 10 minutes, the network focuses on a new block. Every 10 minutes, the timechain is flourishing. It is the constant signal… Continue Reading

Bitcoin could support renewable energy development⚡️ Zap 10 Sats (12/18/2023) - Bitcoin mining is often perceived as environmentally damaging because it uses huge amounts of electricity to power its intensive computing needs, but what if the mining process could be used to mitigate climate change instead of accelerating it? Continue Reading