Humble Bitcoiners!
Thank you for joining us for yet another glorious Bitcoin Magazine newsletter. Sit down and get ready for your daily dose of Bitcoin signal! |
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| Today's Rundown: Fed's Move: Fed announced a quicker withdrawal of its asset purchasing programs and likely interest rate hikes in 2022. Whale's Influence: Recent price drop could have been triggered by a specific whale. Lightning: CardCoins integrates Lightning for their gift card business. Politics To Mining: Former South Carolina Governor candidate is mining bitcoin. |
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Bitcoin Price Jumps Towards $50K As Fed Chair Speaks
By Namcios The Federal Resserve issued a press conference this Wednesday saying that it will speed up the decrease of its monthly asset purchases starting in January, as inflation keeps rising above its long run target of 2%. The reduction of asset purchases will be cut by $30 billion per month.
They will not be raising rates as many were expecting, but mentioned that there is a likelihood of seeing rate hikes in the coming year. He reiterated that the economy is much stronger now, but it is best to take a careful approach to make adjustments, as he answered the reason why they are not stopping with asset purchases right away.
What happened with bitcoin?
While the announcement was being said, bitcoin went from the negative for the day to surging passed $49,000. It seems the market interpreted the speech as good for bitcoin. |
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BTC Whale With Links To Well-Known Exchange May Have Triggered Bitcoin Price Drop
By Michael Ermolaev Bitcoin’s public ledger is constantly being monitored by market participants under the premise of foreseeing future price movements. On-chain activity is normally associated with price fluctuations, especially when large amounts are transferred between an external wallet and an exchange. This seems to have been the case for the last Bitcoin’s price drop that started on December 2nd, 2021.
The Bitcoin.com web portal reported that a staggering amount of 36,645 BTC was received by a wallet, whose ownership could be matched to Binance, that day. It did send approximately the same amount, the following days. This action triggered a warning signal of exchanges receiving huge inflows that particular day, that could have precipitated market participants to start a sell off. Market manipulation was even suggested by an on-chain analyst. |
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1. Ledn customers will be able to purchase properties with their bitcoin holdings by early next year.
2. Largest Credit Union in Idaho now offers bitcoin buying and selling services, through a partnership between the credit union’s platform provider and NYDIG.
3. Arculus has partnered with the world’s largest Bitcoin conference to distribute 25,000 bitcoin security cards in Miami.
4. Dylan LeClair discusses bitcoin's price cycles and how macroeconomic developments are shaping the market.
5. Bitcoin Beach Wallet creator raises $3 million in a new seed round. |
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CardCoins Users Can Now Top Up Their Lightning Wallets With Cash
By Namcios CardCoins, a company that allows users to exchange prepaid gift cards for bitcoin, announced the integration of the Lightning Network into its operations, offering lower fees and faster transactions to their customers. A CardCoins spokesperson said that this move “brings a great deal of exciting use cases to the Bitcoin ecosystem that would otherwise be priced out. Micropayments, subscription services and more are now within reach.”
The integration allows unbanked U.S. residents to acquire bitcoin and top out their lightning wallets with cash by stopping over at any of the more than 80,000 supporting retailers across the U.S. that sell compatible gift cards for cash, making adoption of the Bitcoin network faster and cheaper. |
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We're back in Miami! Get your tickets today |
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Former SC Gov Candidate Is Mining Bitcoin
By Namcios John Warren, multimillionaire businessman and former South Carolina governor candidate, is now mining bitcoin through a new venture he formed with four other founding partners, GEM Mining. According to Warren, together with his partners they see huge opportunities with their mining connections, and raced to get funding.
GEM Mining said it has over 9,000 fully operational machines and has mined more than 400 bitcoin in the past 9 months. In November its revenue amounted to $7.8 million, while its operations were 92% carbon neutral.
“GEM has raised more than $200 million in institutional capital from banks, hedge funds, endowments and pension funds to operate more than 32,000 machines to mine Bitcoin” - John Warren |
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By DingDong
Stacking is a state of mind. We all believe bitcoin is going higher and higher, and won't stop. This is the opportunity we get to own a higher percentage of the entire network.
At some point, people stacking under $100K, will be considered visionaries, legends.
Be a legend, stack sats. |
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