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There’s a new paradigm unfolding among the large public bitcoin miners: They don’t want to sell their bitcoin, and they also want to acquire more. As a result, they are finding creative ways to raise capital or leverage their bitcoin holdings to help cover operating costs rather than having to sell for fiat. One strategy is to loan out a portion of their bitcoin holdings, thus earning fiat yield that can directly go towards paying their operating expenses. Hut 8 Mining has been doing this, loaning out 2,000 BTC (nearly 40% of their BTC holdings) to earn a 4% interest…
The U.S. Justice Department will sell off $56 million worth of cryptocurrency it seized as part of a massive Ponzi scheme case against a man who promoted the offshore crypto lending program BitConnect, authorities said Tuesday. The Justice Department said the liquidation of the cryptocurrency follows “the largest single recovery of a cryptocurrency fraud by the United States to date.” Proceeds will be used to reimburse victims of the BitConnect fraud. That scam is alleged to have swindled thousands of people in the U.S. and abroad out of more than $2 billion worth of bitcoin from January 2017 to January…
Exchange-traded funds are one of the easiest ways for investors to gain diversified exposure to a particular theme or asset class. One of the challenges of investing in Bitcoin and other cryptocurrencies in the early years of crypto was figuring out exactly how and where to buy them. Cryptocurrency ETFs make it just as easy to invest in Bitcoin as it is to buy popular stocks. There are now several cryptocurrency-themed ETFs out there, and that number continues to grow. Keep in mind, however, that these ETFs charge high management fees. Here are eight of the best cryptocurrency ETFs that…
It is in decentralization that nature dwells. In centralization, we have seen only masks; we have seen only rogues who deceive fools; charlatans who come to governments to get some money, who send men to war while they go in to plunder their refrigerators with impunity, who plunge them into poverty through taxes, credits and debts, and who force them to pay their bills in exchange for allowing them to continue walking the Earth. That is, after all, centralization: A lot of smoke and lies mixed in the same stove, whose flame is kept burning by the politician who thinks…