News - Crypto Chicago

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

Announcing Buy Bitcoin Globally⚡️ Zap 10 Sats (11/17/2023) - Today, we continue to march forward on our Global Quest. We’re rolling out a highly anticipated feature that Bitcoiners worldwide have requested for years. Now, Strike users around the globe can experience the ease of buying bitcoin directly through our platform. This is more than just an update; it’s a milestone in our quest to… Continue Reading

Broad, Ambiguous, or Delegated: Constitutional Infirmities of the Bank Secrecy Act⚡️ Zap 10 Sats (11/16/2023) - We conclude that the Bank Secrecy Act is either (A) so broad as to criminalize everyday life, (B) so ambiguous as to make uncertain its application to millions of Americans, or (C) spared from being so broad or so ambiguous by the exercise of legislative authority delegated by Congress to the Treasury Department. Each of… Continue Reading

CBOE to Launch Leveraged Bitcoin Futures Trading in January⚡️ Zap 10 Sats (11/13/2023) - Chicago Board Options Exchange (Cboe) Digital announced today its plans to introduce trading and clearing in margin futures on Bitcoin, commencing January 11, 2024. This move positions Cboe Digital as the first U.S. regulated cryptocurrency native exchange and clearinghouse to facilitate both spot and leveraged derivatives trading on a unified platform, according to the announcement. Continue Reading

Bitcoin Environmental Impact Not as Bad as Media Claims⚡️ Zap 10 Sats (11/13/2023) - Anti-crypto politicians have often cited Bitcoin mining as being harmful to the environment over its high energy usage. Some environmentalists, such as Greenpeace, have gone to such extremes as to accuse Bitcoin of destroying the planet. While Bitcoin mining is energy-intensive, it uses more renewable energy now than ever. Continue Reading

The dos and don’ts of bitcoin key management⚡️ Zap 10 Sats (11/13/2023) - Bitcoin provides users with an incredibly high level of sovereignty over their money. You may have heard the phrase "be your own bank" which does a good job describing the power that bitcoin enables its users to wield. The flip side is that being your own bank comes with a lot of responsibility. The same… Continue Reading

Crypto Twitter Found SBF’s Fraud⚡️ Zap 10 Sats (11/6/2023) - NYT, Congress, Bloomberg, Axios — all these establishment organs failed where Coindesk, Bankless, and Crypto Twitter succeeded. Not a single corporate journalist, politician, regulator, or policeman thought to investigate SBF until Erik Voorhees smelled a rat and Ian Allison found the rat. Continue Reading

Sam Bankman-Fried Might Not Be The Last Crypto Criminal⚡️ Zap 10 Sats (11/4/2023) - FTX may have been one of the most brazen fraud operations in recent years, but it’s far from the only embarrassing crypto collapse. While some of the decisions Bankman-Fried made might have been unique to FTX, it’s one of the multiple cases where no one on the outside caught on until it was too late… Continue Reading