TIME Magazine To Hold Bitcoin

admin

Home » Cryptocurrency News » Cryptocurrency News » TIME Magazine To Hold Bitcoin TIME Magazine To Hold Bitcoin April 13, 2021 0 Comments Legacy media institution TIME Magazine will be paid for a cryptocurrency video project in bitcoin and hold the asset on its balance sheet. The CEO of digital currency investment firm Grayscale, Michael…

Home » Cryptocurrency News » Cryptocurrency News » TIME Magazine To Hold Bitcoin TIME Magazine To Hold Bitcoin April 13, 2021 0 Comments Legacy media institution TIME Magazine will be paid for a cryptocurrency video project in bitcoin and hold the asset on its balance sheet.
The CEO of digital currency investment firm Grayscale, Michael Sonnenshein, has announced a partnership with TIME Magazine to produce a video series about cryptocurrencies, with the publication being paid in bitcoin and choosing to hold BTC on its balance sheet.
“Thrilled Grayscale is partnering with TIME on a new video series coming this summer explaining the crypto space,” Sonnenshein tweeted.“Equally as important, [ TIME Presiden] Keith Grossman and TIME has agreed to be paid in bitcoin — and will hold the BTC on their balance sheet.A first for our media partnerships!”
The New York-based publication recently indicated its leanings toward Bitcoin and other crypto assets when it revealed that it was seeking to employ a chief financial officer that had “comfort with Bitcoin and cryptocurrencies.” In the job listing, the publication cited the fact that its industry was undergoing an evolution and that it needed the guidance of a CFO who would help it keep up.
“The media industry is undergoing a rapid evolution, TIME is seeking a Chief Financial Officer who can help guide its transformation,” per the listing.
Apart from this, the publishing house also had three of its covers sold as nun-fungible tokens (NFTs), another indicator of the firm’s growing pro-crypto leanings.
According to TheStreet Crypto , “TIME represents the first legacy media brand that will hold bitcoin.”
Notably, the firm would be joining the likes of MicroStrategy, Tesla, Square and a host of other top firms that hold bitcoin on their books.Many of these firms believe that the digital asset could serve as a hedge to protect them against rising inflation.

Share this: Japanese Tax Authorities Push for New Crypto Regulations Crypto-related businesses and individuals have failed to report crypto gains valued at 10 billion yen ($93 million), according to Japanese Tax Authorities.

Asahi Shimbun reported that 30 companies and 50 individuals are being investigated for failure to account for astonishing profits made from cryptocurrency trading over a period of several years.This figure is linked… Valuing Bitcoin Using Credit Default Swaps With Greg Foss In this episode of “Fed Watch,” Greg Foss discussed credit default swaps, central banks and the futures of debt and bitcoin.Watch This Episode On YouTubeListen To This Episode:AppleSpotifyGoogleLibsynOvercastIn this episode of Bitcoin Magazine’s “Fed Watch” podcast, Christian Keroles and Ansel Lindner spoke with ​Greg Foss, who “has a 30-year history in banks, bonds and the… Because Bitcoin Is A Necessity, Its Economy Will Be Circular Bitcoin is the perfect money in that it embodies all of the properties and functions of money — as a store of value (SoV), medium of exchange (MoE) and unit of account (UoA) — and does so in a way that any person or participant, from anywhere in the world can: Save without having their… Flexa Enables BTC Payments at Popular Brick-and-Mortar Stores Payment platform Flexa has announced the launch of SPEDN, an app that allows users to make purchases with cryptocurrencies at a variety of brick-and-mortar stores.The app works by generating QR codes at checkout registers, which then debit users’ wallets on the app and credit merchants with fiat.

To initiate payments immediately, Flexa uses FlexaCoin,… Video: Wasabi, Crypto Anarchy And Freedom W/ Max Hillebrand Listen to the episode here: Apple Spotify Google Libsyn Overcast For this episode of the Bitcoin Magazine Podcast, host CK sits down with Max Hillebrand (@HillebrandMax), a prolific Bitcoin education and member of the Bitcoin privacy research group zkSNACKs.The pair dive into updates on Wasabi Wallet (ZKSnacks’ primary product) and discuss higher-level introductions to… IRS Commissioner Makes Crypto Tax Clarity a Priority The U.S.

Internal Revenue Service (IRS) is planning to overhaul its methods for determining the federal taxes due on cryptocurrency payments to improve clarity for taxpayers.The decision stems from the recent attempt by Minnesota Representative Tom Emmer to pass legislation reforming the way that hard forks and the resultant “forkcoins” are viewed by tax… Iran Moves Forward With Tariffs Against Crypto Mining After much deliberation, the Economic Commission of the Islamic Republic of Iran has officially submitted restrictions on energy costs for crypto miners in the country.Cryptocurrency has been a particularly hot-button issue in Iran over the past several months, as it represents a borderless, accessible currency that is not subject to international sanctions against the… RSK Is Evolving; Powpeg Leverages Hash Power To Switch From Bitcoin To Sidechain And Back RSK, the Ethereum-like sidechain for Bitcoin developed by IOVlabs, is evolving.The federated pegging mechanism, which is based on a Bitcoin multi-signature (multisig) address, is migrating to a system that leverages hash power through RSK’s new special-purpose hardware security modules.

“We’re very excited with this release as it is a big step towards a full… Chainalysis: Most Mixed Bitcoin Not Used for Illicit Purposes If blockchain analysis firm Chainalysis is right, only a small fraction of coins sent to and from bitcoin mixers are used for illicit purposes.In a recent webinar titled “Cryptocurrency Typologies: What You Should Know About Who’s Who on the Blockchains,” the blockchain analytics firm suggested that users of mixing services mostly leverage the option… Leave a Reply You must be logged in to post a comment.

Search.

Leave a Reply

Next Post

Bitcoin Price Analysis: Following New ATH, These Are The Next Possible Targets For BTC

Crypto.com And TenX Resume Crypto Card Issuance As UK FCA Lifts Wirecard UK Restrictions The UK Financial Conduct Authority (FCA) has allowed Wirecard UK to resume payment services.Consequently, the companies handling cryptocurrency debit cards resumed their issuance.Wirecard UK Resumes Regulated Activity Following the missing $2.1 billion of company funds and Wirecard filing for insolvency, the…
Bitcoin Price Analysis: Following New ATH, These Are The Next Possible Targets For BTC

Subscribe US Now