Bitcoin is up 11,000,000% since this 2011 podcast episode

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Can BitCoin be “trusted”? Will anyone accept bitcoins as payment? Could bitcoin eventually replace national currencies and “break the monopoly power of the Federal Reserve”?

These were questions fielded by then-lead developer Gavin Andresen, 14 years ago this week.  Andresen was speaking on the first podcast episode dedicated to “BitCoin.” (The price was a cool $0.73.)

This hour-long EconTalk chat was recorded in March 2011, back in the very early months of GPU mining. It’s still worth listening to this episode, for nothing more than to transport yourself back to your first…

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Surreal And Immersive Art On Bitcoin & The Future Of Digital Expression

As the Bitcoin Conference 2025 approaches, set for May 27-29th at the Venetian in Las Vegas, digital artist Post Wook—known for her surreal, psychedelic landscapes that merge cosmic and natural elements—is set to bring her latest series, “The Astronomer’s Daughter” to a large audience of bitcoiners. In tribute to her father, a long-time NASA employee, this ordinals series uniquely merges satellite data and bitcoin block times, alongside seasonal and astronomical patterns such as the phases of the moon. Post Wook will showcase this work as part of both B25 and the off-site ordinals event, Inscribing Vegas.  

I caught up with Post Wook to discuss her latest digital art…

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LATEST: Jack Dorsey Reveals Square’s Plans for Bitcoin Payment Integration

Jack Dorsey has reinforced his stance on Bitcoin’s future during a recent interview with Bitcoin News emphasizing its potential beyond just being a store of value. Dorsey stressed the necessity for Bitcoin to evolve into a daily-use currency to stay relevant suggesting failure if it doesn’t transition to everyday payments. Criticism came from Adam Simecka Manna Bitcoin Wallet founder who claimed Dorsey could easily enable Bitcoin transactions on Block’s Bitkey and Square’s terminals yet hasn’t.

Responding to the critique Dorsey clarified that integrating Bitcoin payments is not as straightforward as suggested. He confirmed ongoing efforts by his team at Block to incorporate Bitcoin payments into their services. This development aligns with Block’s track record which includes launching a Bitcoin-specific hardware wallet Bitkey and reporting significant profit gains from Bitcoin transactions in 2023.

Dorsey’s advocacy for Bitcoin is clear as he leads Block in not only promoting but also implementing Bitcoin as a transactional currency. This positions Bitcoin closer to mainstream adoption elevating its role in the digital economy and reaffirming its potential as a transformative financial tool.

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Bitcoin Startups Raised Nearly $1.2 Billion

New research from venture capital firm Trammell Venture Partners (TVP) highlights continued growth in bitcoin native startup activity, with nearly $1.2 billion raised by early-stage companies between 2021 and 2024. Despite a broader downturn in crypto and tech venture capital markets during 2023 and 2024, Bitcoin-specific startup formation and funding showed resilience, particularly at the Pre-Seed stage.

According to the 2024 edition of TVP’s Bitcoin-Native Venture Capital Landscape Research Brief, Bitcoin Pre-Seed startup transaction volume rose 767% compared to 2021, signalling a maturing and sustained venture category. In 2024 alone, Pre-Seed transaction counts increased 50%…

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Rep. Keith Ammon Is New Hampshire’s Premier Bitcoin Advocate

On Tuesday, Rep. Keith Ammon addressed a New Hampshire House Ways and Means Committee on House Bill (HB) 302, which would permit the state’s treasurer to invest in bitcoin.

In speaking to the committee, he brought up the United States’ excessive debt and made the case for the state of New Hampshire to invest in bitcoin as a means to mitigate the ravaging effects of inflation.

As I listened to his petition, I got the sense that Rep. Ammon was a dyed-in-the-wool Bitcoiner, someone inside of the system doing his best to get members of the legislature of the state he calls home to see in bitcoin what he likely saw in it many moons ago.

After speaking with Rep. Ammon, I’ve…

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LATEST: South Korea Eyes Opening Crypto Market to Foreign Investors with AML Conditions

South Korea’s financial landscape could soon welcome foreign participants in its cryptocurrency trading arenas if local exchanges beef up their anti-money laundering (AML) measures. During a seminar at the National Assembly Kim Sung-jin head of the virtual asset division under the Financial Services Commission supported the inclusion of international investors in the domestic cryptocurrency market. He emphasized that enhancing AML capabilities at exchanges is crucial for this to happen.

Local restrictions currently prevent foreign investors from trading on South Korean crypto exchanges due to stringent know-your-customer (KYC) standards. Users must use local bank accounts registered under their real names to engage in cash-to-crypto transactions. According to Peter Chung Head of Research at Presto Research allowing foreign traders would align South Korea with global crypto trends and possibly eliminate the Kimchi Premium by equalizing local and global cryptocurrency prices.

With the U.S. leading a crypto innovation wave South Korea is rethinking its capital controls to ignite more vitality in its robust crypto sector. Attracting global investors could bolster the growth of the USD stablecoin market and reinforce South Korea’s position in the global financial arena pending the successful implementation of necessary regulatory measures.

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LATEST: CME Introduces Spot-Quoted BTC, ETH Futures for Retail Investors

The Chicago Mercantile Exchange is set to launch spot-quoted futures for Bitcoin and Ethereum along with major equity indices on June 30 2025. Aimed at retail investors the new offerings from CME Group will also include futures contracts for the S&P 500 Nasdaq 100 Dow Jones and Russell 2000. This expansion comes as a response to increasing investor demand for accessible trading options in both cryptocurrencies and stock indices.

Tim McCourt of CME stated the spot-quoted futures would grant retail traders enhanced flexibility. Traders will have the option to hold positions up to five years adapting to long-term market views or engaging in more dynamic trading strategies. The products promise smaller contract sizes and improved capital efficiency mirroring the benefits of perpetual contracts but with added precision and easier market entry.

Steve Sanders of Interactive Brokers highlighted the strategic advantages of the new futures. By trading directly at spot prices investors gain the leverage and margin benefits typical of futures contracts. The introduction follows the success of CME’s U.S. and euro-denominated micro futures for Bitcoin and Ethereum enhancing offerings that meet the sophisticated needs of modern traders.

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