NASHVILLE, February 6, 2024 – HIVE Digital Technologies Ltd (NASDAQ: HIVE) and Bitcoin Magazine announce “FUD Fighters”, a new initiative centered around education on the many false narratives articulated by critics of Bitcoin. The “FUD Fighters” series will consist of four in-depth research articles written by industry experts to counter erroneous, biased and misinformed narratives that seek to mislead the public about Bitcoin. Through this initiative, HIVE and Bitcoin Magazine aim to highlight, through a data-oriented approach, the tangible benefits of this technology, and consequently, to rebuke the unequivocally false reporting from traditional media outlets, pundits and biased researchers. “FUD Fighters” will provide the Bitcoin community with refutations of commonly circulated “FUD” (fear, uncertainty, doubt) so that the community may bolster its ability to counter falsehoods that are hindering Bitcoin’s integration into financial markets, power infrastructure and social norms.

As the first Bitcoin media organization (est. 2012), Bitcoin Magazine has educated the public on Bitcoin and bitcoin mining for more than a decade, working to provide high-quality journalism on the inner workings of the Bitcoin ecosystem. Since Bitcoin’s entrance into mainstream cultural and political conversation, the technology has been undeservedly maligned by legacy interests for its perceived inefficiency, danger or wastefulness. Alongside HIVE, Bitcoin Magazine believes these assertions to be entirely without merit, and in many instances, reflective of the biases, motivated reasoning and cognitive distortions pervasive amongst individuals and institutions that Bitcoin is poised to disrupt.

HIVE Executive Chairman Frank Holmes, in a statement to Bitcoin Magazine, noted the importance of Bitcoin education amidst the overall lack of objective reporting on the topic:

“At HIVE, we are passionate about our efforts to support and secure the Bitcoin network of 17,000 active nodes, both for the benefit of our shareholders, but also for our belief in Bitcoin’s unique ability to be a source of portable, scarce, and digital wealth.

It seems that the very entities critical of gold or other alternative asset classes, have even harsher sentiments toward Bitcoin. This observation underscores a broader pattern of resistance from traditional financial institutions, bank lobbyists, and global non-elected agencies like the Bank of International Settlements toward alternative stores of value and decentralized, portable assets.

Objective reporting can be scarce in the Bitcoin sector, making it crucial for investors to seek knowledge and understanding independently. We hope the “FUD Fighters” campaign with Bitcoin Magazine – a long-time pioneer in Bitcoin and business partner of HIVE – can do just that. The FUD ends now.”

Mark Goodwin, Bitcoin Magazine’s Editor-in-Chief:

“For those working in Bitcoin, we have now come to expect the poorly articulated, yet shockingly popular, media campaigns that appear from time to time. From ill-fated criticisms of its energy use, to its technological competitors projecting their own improprieties onto Bitcoin, and the always-classic moralization of individual self-determination, these attacks are trite, and revealing of the motivations underlying those who levy them.

It should be no secret that Bitcoin Magazine as a publication has a point-of-view, and that point-of-view is that Bitcoin is a positive technology worth fighting for because of the benefits that it confers humanity. To that end, education and objective journalism are critical to fostering a public dialog that will converge upon truth.FUD Fighters is an attempt to clarify the muddy waters of the Bitcoin discourse by highlighting refutations from experts who have taken the time to run the numbers and go beyond the surface. Their conclusions are by-and-large contrary to the baseless claims that entrenched interests would prefer to be accepted as truth.”

The first installment of the FUD Fighters series – a response to a new report by the United Nations University – comes from Margot Paez, PhD Candidate in Civil Engineering and Research Fellow (Mining & Energy) at the Bitcoin Policy Institute. Margot is writing her PhD thesis at Georgia Institute of Technology on the interplay between bitcoin mining and energy center data modeling. Paez’s FUD Fighters piece will provide a sharp refutation of the errors, misrepresentations and faulty methodological approach of the United Nations University and the policy recommendations made therein.

About Bitcoin Magazine

Bitcoin Magazine, the world’s first publication covering Bitcoin, serves its international readership with innovative ideas, breaking news, and global impact at the intersection of finance, technology, and Bitcoin. Operating from Nashville, Tennessee, Bitcoin Magazine is published by BTC Media. For the latest in Bitcoin news, visit BitcoinMagazine.com.

About HIVE Digital Technologies
HIVE Digital Technologies Ltd. went public in 2017 as the first cryptocurrency mining company listed for trading on the TSX Venture Exchange with a sustainable green energy focus.

HIVE is a growth-oriented technology stock in the emergent blockchain industry. As a company whose shares trade on a major stock exchange, we are building a bridge between the digital currency and blockchain sector and traditional capital markets. HIVE owns green energy-powered data center facilities in Canada, Sweden, and Iceland, where we endeavor to source geothermal and hydroelectric energy to mine digital assets such as Bitcoin on the cloud.

Since the beginning of 2021, HIVE has held in secure storage the majority of its treasury of ETH and BTC derived from mining rewards. Our shares provide investors with exposure to the operating margins of digital currency mining, as well as a portfolio of Bitcoin. Because HIVE also owns hard assets such as data centers and advanced multi-use servers, we believe our shares offer investors an attractive way to gain exposure to the cryptocurrency space.

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The program, aimed at college students, seeks to provide industry exposure and networking opportunities with Bitcoin-focused companies.

Bitcoin Talent Co. and Summer of Bitcoin have announced their partnership to launch the Summer 2023 Bitcoin Industry Apprenticeship (BIA) Program for undergraduate and graduate students from universities in North America and Europe.

The program is expected to provide students with hands-on experience in the Bitcoin industry, industry exposure, skill development, an in-depth understanding of Bitcoin and networking opportunities. Applications for the program will run from June 12 to August 25.

According to the press release, the program will “unlock additional opportunities for students to spend time learning from and contributing to the operations of venture-funded Bitcoin companies.”

The BIA Program is expected to provide students with practical skills that can be applied to various industries and fields, while also helping them establish professional relationships with Bitcoin-focused companies.

As the macroeconomic and geopolitical backdrop continues to highlight the importance of bitcoin, this partnership is aiming to be an opportunity to dedicate one’s career to the growth of the industry.

“Over 30% of interns graduating from university have been offered full-time roles after participating in Summer of Bitcoin’s previous open-source internship programs,” the press release said. Companies interested in partnering with the program and offering internship opportunities, as well as students interested in pursuing summer internships, can visit www.bitcointalent.co/bitcoin-industry-apprenticeship-program for more information.

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A new reference implementation (SRI) update for Stratum v2 has been announced by developers of the protocol. 

According to a press release sent to Bitcoin Magazine, the new update is “a major milestone in democratizing transaction selections in pooled mining and decentralizing bitcoin,” as it allows miners to select transactions via a new sub-protocol and their node.

The developers are inviting miners, pools, firmware makers and the community to test the new implementation using the getting starting guide they’ve put together, with CPU or actual mining devices. They also invite users’ feedback after testing using this form.

It is recommended that new users test the software using SV1 mining devices by connecting to an SV2 pool via Translation Proxy. “Miners will run their own template provider (bitcoind) with the max fee policy,” the release describes. “Within the translation proxy sits a Job Negotiator that runs a sub-protocol responsible for distributing miner’s templates to the pool.”

The press release describes how the Job Negotiator “in combination with a template provider, gives the responsibility back to miners or an independent third party to provide a new template (select transactions), thereby making bitcoin pool infrastructure more decentralized.”

According to the description of how a Job Negotiator (JN) works, the downstream mining farm runs a JN that connects to a JN run by the pool, and requests a unique identifier for mining jobs using the AllocateMiningJobToken message. The pool sends back a unique token and a coinbase output used for payouts. The downstream JN then connects to a template provider, which sends a new template and SetNewPrevHash to the downstream JN. With these, a new job can be constructed and the downstream JN sends a CommitMiningJob message containing a proposed set of transactions to the pool. The pool always accepts the miner’s proposal in the current iteration, but in the next release, miners will have the ability to fall back to a different pool or solo mine if the pool fails to accept transactions selected by the downstream’s template provider. The Translation Proxy then sends a SetCustomMiningJob message to the pool, which verifies the work and sends back a SetCustomMiningJobSuccess message. The Translation Proxy then translates the message and sends the mining.notify message to mining devices, which submit shares to the pool through the Translation Proxy.

With the current industry-adopted mining protocol Stratum V1, the handful of mining pools participates in transaction selection, which makes bitcoin more prone to censorship. Stratum v2 is an updated protocol, which ensures that transaction selection is done by miners themselves.

The community has already tested the software on several popular mining devices; the press release encourages anyone who tests on different platforms to fill a form out.

“With the next update,” the press release says, “we will add a fallback functionality that would allow miners to fall back to a different pool or solo mine in case the pool chooses not to accept their suggestion. Miners would, in that case, disconnect and fall back.”

Other updates include the aim to improve encryption and ensure compliance with the latest spec updates, in addition to plans to enable pools to perform spot-checks on block validity. The most significant development will be submitting a pull request for the template provider in Bitcoin Core.

The developers thank the Stratum v2 crowdfunding supporters and include a link to their Discord for those interested in being involved in the community.

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Legendary car maker Bugatti and luxury goods company Asprey have partnered to create a limited-edition collection of eggs that will be inscribed on the Bitcoin blockchain using the Ordinals protocol.

According to the announcement by Bugatti, the Asprey Bugatti Egg Collection will be “the first ever collection by two luxury brands using a state-of-the-art technique of inscribing digital content on the Bitcoin blockchain, ensuring the artwork will last indefinitely.” The collection’s physical counterparts will be created using Asprey Studio’s cutting-edge production techniques and materials.

The eggshell of the “Royale Edition” will be made from carbon fiber and “intricately crafted into the perfect egg shape during a long and complex process,” according to the announcement. The surface of the egg will feature a “Dancing Elephant” motif, “recreated in perfect detail from one of Rembrandt Bugatti’s original sculptures. It was this work of art that adorned the bonnet of the Bugatti Type 41 Royale, renowned as the most luxurious car ever created,” the announcement describes.

“We are proud to present the Asprey Bugatti Egg Collection, not only does this push the boundaries on a production level, but the generative art coded by our strategic partner and Bitcoin experts Metagood using the equation of the egg shape of the actual sculpture as an NFT in Bitcoin is a new form of expression and art itself,” Ali Walker, Chief Creative Officer at Asprey Studio, said.

Wiebke Ståhl, Managing Director at Bugatti International, explained that “the creation of the Asprey Bugatti Egg Collection is a wonderful homage to our history and the creations of Ettore, designed with the pioneering spirit and attention to detail that led to his brand becoming revered throughout the world.”

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The partnership is aimed at enabling further access to bitcoin while encouraging more education.

Bitcoin technology company, River Financial Inc. has partnered with Bitcoin Magazine to provide users with the ability to sign up with River and purchase bitcoin through the Bitcoin Magazine App.

Users were already able to earn free sats by reading articles on the app, which could be deposited to a River wallet or another wallet of the user’s choice, which can now be done through the Lightning Network. “This new partnership provides the on-ramp for millions of people to not only buy Bitcoin but actually earn it by learning,” said Bitcoin Magazine CEO David Bailey.

River CEO Alex Leishman also commented on the partnership, stating “River shares this mission and serves as a gateway for people who want to learn about and invest in Bitcoin.” The integration is now live on the Bitcoin Magazine app, with BTC purchases and Lightning transfers available on River via the River app or at River.com, the release added.

The partnership between River Financial and Bitcoin Magazine is focused on educating individuals about Bitcoin and providing them with the opportunity to invest in the digital asset in a secure and efficient manner.

“While the broader crypto industry has suffered from bad actors in recent months, there are still innovative, mission-focused companies like River and Bitcoin Magazine that are working to cultivate a more fair and just financial system,” the release noted.

The Lightning Network has been gaining traction as a fast and cheap way to transfer Bitcoin, and this partnership between River Financial and Bitcoin Magazine is another example of how it can benefit users. With the ability to earn free sats through reading articles on the app, and now the ability to easily purchase bitcoin through River, users have much easier access to opportunities to learn about and invest in bitcoin. 

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The merged company will have access to 825 MW energy, including infrastructure operations with renewable and zero-emission energy sources.

Bitcoin miner Hut 8 has agreed to a merger with US Bitcoin Corp. Both firms will become wholly owned subsidiaries under the newly-formed Hut 8 Corp. Shareholders of the respective two firms will be in possession of 50% of the merged company.

According to the press release, “The Transaction is expected to establish New Hut as a large-scale, publicly traded Bitcoin miner focused on economical mining, highly diversified revenue streams, and industry-leading best practices in ESG.”

In regards to the merger, Jaime Leverton, CEO of Hut 8, said that “Bringing together Hut 8’s operational track record and diversified revenue streams with US Bitcoin’s scalable mining sites, sizeable hosting business, and industry-leading managed infrastructure operations not only accelerates our diversified strategy and positions us for near-term growth, but also establishes us as a strong, U.S.-based player that is ready and able to seize additional opportunities as they arise.”

The newly formed company will have access to approximately 825 MW of gross energy across six locations, including self-mining, hosting and managed infrastructure operations. It will have 5.6 EH/s of 5.6 EH/s of installed self-mining capacity, with 244 MW of energy across five sites located in:

• Medicine Hat, AB
• Drumheller, AB
• Niagara Falls, NY
• Granbury, TX
• King Mountain, TX

Hosting at the King Mountain site will be owned by the King Mountain JV, where “New Hut will manage 220 MW of hosting infrastructure … powered by a mix of sources including wind and nuclear, supporting multiple clients, including some of the industry’s largest miners.”

The combined companies will also oversee an infrastructure operations portfolio with a combined output of 680 MW, utilizing a blend of renewable and emissions-free energy sources at locations in Kearney, Nebraska and Granbury, King Mountain in Texas.

Michael Ho, co-founder and CEO of USBTC, remarked that, “We’ve been searching for the right partner to join us on our ambitious growth journey for some time and are confident that Hut 8 is the perfect fit. We were initially attracted to Hut 8’s strong track record, admirable fiscal management through all market cycles, and like-minded approach to generating diversified lines of revenue. Through this process, we’ve determined that the strategic impact this Transaction will drive is significant: we see a clear path to leveraging our collective vision to drive innovative technology advancements and become a second-to-none operator.”

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press release

PRESS RELEASE. Foxify have just confirmed a brand partnership with Tyson Fury in an industry leading move. It comes following the hype of the brand reveal in January. The two-time world heavyweight champion is undefeated, with a legion of fans that follow his extraordinary career.

What is Foxify? From the founding team of MDB (Make DeFi Better) comes the next generation of peer-to-peer trading, a unique platform that is yet to be seen in the DeFi space: Foxify.

Following from previous successes, the team brings you their latest innovation, enter: Foxify. A first of its kind, decentralized peer-to-peer trading platform. Foxify will allow users to trade any pair or any token. The technology is built with the power to enable trading on pegged tokens that track currencies, commodities and assets beyond crypto. It’s 100% trustless, managed completely by smart contracts and is free to use. More details will be revealed as launch approaches, but it is set to be huge as it has the power to disrupt a $200 trillion dollar industry, and is scalable across global markets.

Foxify aims to put the power in users hands, traditional exchanges and decentralized trading platforms are still heavily weighted against the user being successful, Foxify levels the playing field and allows traders opportunities to trade against peers without the ‘house advantage’.

Foxify is a Diamond Sponsor at the Blockchain Economy London Summit in February, so you will be able to go and meet members of the team in person and find out more about the platform. Foxify founder and CEO Danny Winn will be a speaker there also, discussing the future of decentralized finances and trading. The team will also be exhibiting at the Blockchain Economy summits in Dubai, Texas and Istanbul later in the year, and will be attending numerous other industry events.

The team has a wealth of experience – including the 2022 bear market success story, Make DeFi Better. Make DeFi better has continued to buck the trend of the bear market with a consistent, upward trending chart and offering users sustainable passive income through their dApp.

Foxify will also run an affiliate programme, allowing you to earn a percentage of fees generated by those who sign up and trade via your referral link.

Launching June 2023, get early access to alpha, presale information and seed funding options and more by joining now.

Foxify: Your future, today.

Find out more: https://linktr.ee/foxifytrade

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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