• Nakamoto bitcoins just moved
    Bitcoin,  Innovators,  People

    Weekly Bitcoin Review

    Big dips in the market and Satoshi Nakamoto Trial

    The trial for Bitcoin On Monday, Craig Wright, who claims to be Satoshi Nakamoto, the creator of Bitcoin, won in trial against the estate of a deceased former business partner. David Kleiman was a previous business associate and close personal friend of the Australian computer scientist who claims to hold a massive fortune of 1.1 million Bitcoin. Ira Kleiman, brother of David Kleiman, was the one to file the lawsuit. Ira claims that his brother and Wright created Bitcoin through a co-partnership in the suit. It is additionally claimed that the Kleiman estate is entitled to half of that 1.1 million Bitcoin, which is worth over 50 billion dollars. Kleiman…

  • Bitcoin,  Commentary,  Opinion

    Opinion | The Dip in Bitcoin Price Was Caused By Correlation With The Stock Market

    The reasons behind the largest cryptocurrency asset moving closer with the S&P 500 and Dow Jones

    Bitcoin hit a price of $42,874.62 early this Saturday morning. The largest cryptocurrency asset has not seen prices like this in nearly two months, and nonetheless in a 12% decline overnight. While many fear this to be a sign of an impending bear market, it is nothing more than a shakeout influenced by the recent decline in the stock market. Stock Market Pressure In recent weeks the stock market has seen selloffs of billions of dollars from billionaires like Elon Musk and Jeff Bezos. This is because the Biden administration is imposing a surtax on multimillionaires and billionaires. The tax is 5 percent on households making $10 million or more,…

  • Simplify ETF circumvent SEC restrictions
    Bitcoin,  Commentary,  Cryptocurrencies,  People,  Politics

    Weekly Bitcoin Review

    El Salvador buys the dip, The Omicron variant, and Microstrategy buying more Bitcoin

    Omicron Many countries have begun enacting new travel restrictions in response to the new Omicron Covid-19 variant that was announced last week to be spreading in South Africa and elsewhere. These restrictions and global panic over the virus lead to a tank in the price of BTC, hitting a price of $53,569.76 on Friday. This is the lowest price BTC has seen since October 6, leading many to fear that the coin would continue to plummet in price. It has since recovered to the $57,000 price range, hitting a high of $58,872.88 earlier today, since the drop in price. BTC is currently trading at a volume of $32.4 billion. The…

  • Bill Miller investing BTC
    Bitcoin,  Commentary,  Cryptocurrencies,  Innovators,  Latin America,  Politics,  United States

    Our Weekly Bitcoin Review

    Odell Beckham Jr’s crypto football salary, the Texas coin-mining boom, and a Bitcoin City in El Salvador

    In the cryptocurrency space,  no player or asset controls the market as a whole more than Bitcoin (BTC). With this new weekly feature, Modern Consensus will give the latest updates and big news stories from the previous week. The price of Bitcoin currently sits around $56,000, while it was at a high of $64,000 earlier in the week, a significant price drop.  Sports Odell Beckham Jr., a wide receiver for the Los Angeles Rams and an extremely popular football player, is now accepting his entire NFL salary in Bitcoin. With a $4.25 million salary, this equates to a little more than 75 BTC a year. He announced this big change…