News - Crypto Chicago

How did Satoshi think of bitcoin?⚡️ Zap 10 Sats (12/13/2023) - Bitcoin iterated on existing work in cryptography, distributed systems, economics, and political philosophy. The concept of proof-of-work existed long before its use in money and prior cypherpunks such as Nick Szabo, Wei Dai, & Hal Finney anticipated and influenced the design of bitcoin with projects such as bit gold, b-money, and RPOW. Continue Reading

Ethereum’s ‘Censorship’ Problem Is Getting Worse⚡️ Zap 10 Sats (12/8/2023) - .....But some researchers and users of Ethereum, the world's second-largest blockchain, are increasingly troubled by data showing a marked increase in censorship – what appears to be a concerted effort by block builders to exclude transactions linked to entities sanctioned by the U.S. government. Continue Reading

Understanding the Bitcoin Halving⚡️ Zap 10 Sats (12/8/2023) - Approximately every four years, something extraordinary happens within the Bitcoin network known as the “halving.” The “halving” describes the recurring event where Bitcoin’s issuance per block is cut in half. Every 210,000 blocks, or roughly four years, the miners’ production of bitcoin is halved, while their production cost stays the same Continue Reading

Focus Bitcoin breaches $44k as BlackRock secures seed capital for spot BTC ETF⚡️ Zap 10 Sats (12/5/2023) - Developments around a spot Bitcoin ETF continue to be the main driving force in BTC price appreciation, with reports circulating on Tuesday indicating that BlackRock has secured $100,000 in “seed capital Continue Reading

BLOCK’S DECENTRALIZED BITCOIN PROTOCOL TBDEX GOES LIVE IN AFRICA⚡️ Zap 10 Sats (12/5/2023) - In a move toward bridging traditional financial systems with the burgeoning world of Bitcoin, TBD, a branch of Block specializing in decentralized technology, unveiled its open source protocol, tbDEX. Continue Reading

Block CEO Jack Dorsey Leads $6.2 Million Investment Round In Decentralized Bitcoin Mining Pool⚡️ Zap 10 Sats (11/28/2023) - The OCEAN pool distinguishes itself as the first transparent and non-custodial platform where miners receive block rewards directly from the coinbase transaction, eliminating the risk associated with traditional pools withholding payments from individual miners. Continue Reading

SEC’s in-house enforcement powers at risk in US Supreme Court case⚡️ Zap 10 Sats (11/28/2023) - UCLA School of Law corporate law expert James Park said frustration has grown in the business community as the SEC has routinely imposed fines on various defendants. "I think they think the SEC and, perhaps, FINRA to some extent have in a sense gotten too aggressive because ... there are very few checks on their… Continue Reading

Dutch Central Bank Admits It Has Prepared For A New Gold Standard⚡️ Zap 10 Sats (11/21/2023) - Wouldn’t a central bank that has one primary objective—maintaining price stability—serve its mandate best by communicating the currency it issues can be relied upon in all circumstances? By saying gold will be the safe haven of choice during a financial collapse, DNB confesses its own currency (the euro) does not weather all storms Continue Reading

The Kingdom Of Bhutan Has Been Quietly Mining Bitcoin For Years⚡️ Zap 10 Sats (11/19/2023) - Beneath the Himalayas, rivers fed by ancient glaciers supply the tiny kingdom of Bhutan with immense stores of hydroelectricity. The renewable resource has become an economic engine, accounting for 30% of the country’s gross domestic product, and fueling the homes of nearly all of its 800,000 residents. Continue Reading

Oman’s Bold Bitcoin Play: $1.1 Billion Investment On Bitcoin Mining Infrastructure⚡️ Zap 10 Sats (11/19/2023) - Stabilizing the grid is a prime concern in this era of prudent energy consumption. Bitcoin mining, with its ability to function as a "load balancer" for power networks, can aid in reducing fluctuations in electricity supply. By adjusting mining intensity based on the available energy, these operations can help in maintaining a stable power supply,… Continue Reading