Author: James Elliott
James Elliott
James Elliott is a seasoned crypto journalist based in London, with a keen eye for the latest developments in blockchain technology and digital currencies. Holding a degree in Economics from the University of Kent, James has been covering the crypto space for over a decade. When not writing, James enjoys attending tech conferences around the globe and has a passion for photography.
Early in our thinking about the interaction between bitcoin and energy it became obvious to me that the value of bitcoin was fundamentally underpinned by the amount of energy that went into producing the bitcoin. As with any free market system, the value of a widget (in this case bitcoin) is determined by the cost of producing the widget plus the various levels of profit margin needed to get from manufacturing to the consumer. If someone has an innovative ability to supply something that no one else can and there is a large demand for this product then they have…
In a world where digital assets are quickly becoming a cornerstone of global finance, the United States stands at a crossroads. The Trump administration has repeatedly emphasized its dedication to making everyday Americans more prosperous. From pledging to restore economic strength on the campaign trail to appointing forward-thinking advisors, the White House seems poised to usher in a new era of financial freedom. But if President Trump truly wants to supercharge wealth creation for average citizens—and establish the U.S. as the world’s leading “Bitcoin Superpower”—his administration must embrace a bold, transformative policy: eliminate capital gains taxes on Bitcoin. This global…
Join Our Telegram channel to stay up to date on breaking news coverage While Ethereum-based tokens dominated previous cycles, with Shiba Inu setting benchmarks in 2021 and Pepe gaining traction in 2023, Solana appears poised to lead the next wave. Solaxy (SOLX) is a Layer 2 blockchain built on Solana’s infrastructure, currently in its presale phase. It aims to solve issues like congestion, failed transactions, and scalability, offering faster, more efficient, and cost-effective transactions to support growth in the meme coin market. How Solaxy tackles Solana’s scalability issues with cutting-edge customization and performance Solaxy is positioned as a groundbreaking Layer…
Abu Dhabi, December 9, 2024 – MicroBT, a world-leading Bitcoin ASIC manufacturer, has once again showcased its technological prowess and innovation-driven approach by introducing the latest WhatsMiner M6XS++ series at the Bitcoin MENA 2024 Conference in Abu Dhabi, UAE.During the conference, Dr. Zuoxing Yang, the Founder and CEO of MicroBT, delivered a keynote address titled “Lead Great and Green Mining Forward.” In his speech, he unveiled advancements in solar power mining technology, highlighted the innovative heat utilization in hydro-cooling mining systems, and introduced the new WhatsMiner models.The mining industry stands at a pivotal juncture, with green mining emerging as a…
Crypto investment products experienced $308 million in net inflows last week, marking the eleventh consecutive week of positive movement, according to CoinShares’ latest weekly report.However, the week was not without turbulence. On Dec. 19, the industry recorded the most significant single-day withdrawal of $576 million. This tumultuous activity culminated in nearly $1 billion exiting the market in the latter part of the week.James Butterfill, CoinShares’ head of research, explained that the recent market downturn contributed to a $17.7 billion decrease in the total assets under management (AuM) for crypto-based Exchange Traded Products (ETPs).According to him, this market performance appears to…
GingerWallet, the fork of WasabiWallet maintained by former zkSNACKs employees after the shut down of the Wasabi coinjoin coordinator, has received a vulnerability report from developer drkgry. This vulnerability would allow the total deanonymization of users inputs and outputs in a coinjoin round, giving a malicious coordinator the ability to completely undo any privacy gains from coinjoining by performing an active attack. Wasabi 2.0 was a complete re-design of how Wasabi coordinated coinjoins, moving from the Zerolink framework utilizing fixed denomination mix amounts, to the Wabisabi protocol allowing dynamic multi-denomination amounts. This process involved switching from homogenous blinded tokens to…
Join Our Telegram channel to stay up to date on breaking news coverage As the crypto market faces a downturn, four standout tokens—Aelf, Golem, Algorand, and Flow—defy the trend with impressive gains. Aelf’s multi-chain tech, Golem’s decentralized computing, Algorand’s eco-friendly approach, and Flow’s consumer-focused blockchain are catching the attention of investors eager for resilience in a volatile market. Moreover, these projects are proving their strength with rising prices and steady momentum. Not only do they offer short-term opportunities, but they also promise long-term value. As a result, they stand out as key assets for savvy investors looking to navigate the…
Follow Nikolaus On 𝕏 Here For Daily Posts Today, Russian state-owned domestic news agency, RIA Novosti, reported that State Duma Deputy Anton Tkachev proposed creating a strategic bitcoin reserve for Russia, claiming they have obtained a copy of the document.Tkachev, from the New People party, sent the proposal to Russia’s Finance Minister, Anton Siluanov, to create a bitcoin reserve similar to Russia’s traditional currencies reserves.JUST IN: Russian State Duma Deputy Anton Tkachev proposed creating a strategic #Bitcoin reserve in Russia, RIA Novosti reports 🇷🇺 pic.twitter.com/PlwSp24RvF— Bitcoin Magazine (@BitcoinMagazine) December 9, 2024 “I ask you, dear Anton Germanovich, to assess the…
The Bitcoin market has long been characterized by cyclical movements and adoption-driven growth, and investors frequently seek tools to better understand and anticipate these cycles. One such tool is the Golden Ratio Multiplier—a Bitcoin-specific indicator developed by Philip Swift, Managing Director of Bitcoin Magazine Pro. This article delves into the intricacies of the indicator and analyzes the recent Chart of the Day, which provides a data-driven outlook on Bitcoin’s price trajectory.The #Bitcoin Golden Ratio Multiplier 1.6x level, currently at ~$100,000, has once again acted as resistance for #BTC price action! 🐻If we can rally through this level, then ~$127,000 is…
Join Our Telegram channel to stay up to date on breaking news coverage XRP, ADA, and SOL showed strong performance during the early phase of the bull market. Analysts anticipate further upward movement for these cryptocurrencies, making them attractive to investors. Ripple’s favorable outcome in its legal battle with the SEC played a key role in XRP’s recovery from a prolonged bear market. Additionally, speculation about Donald Trump’s potential plans to ease regulatory oversight and the possible removal of SEC Chair Gary Gensler has boosted confidence in XRP’s future prospects. As market conditions evolve, many investors are exploring the best…