Announcing a Return to our Roots: The All-New Bitcoin Magazine

Bitcoin Foundation’s Development Focus Shows Results


         Bitcoin Foundation’s Development Focus Shows Results

The Bitcoin Foundation has faced scrutiny in the past for multiple reasons. As of now, however, it seems the Foundation is a taking sharp turn to redirect the operation.Some of their self-admitted challenges include reputation struggles, lack of focus, declining membership revenue, falling bitcoin price and a weak balance sheet.In its latest press release, the Foundation says it is refocusing its efforts “to instill some organizational discipline around reducing expenses, eliminating distractions and focusing on revenue-generating activities.”Additionally, the Foundation has announced that over the last two months it has been focusing on core development and other ways of producing revenue.Staff reduction and other cost-cutting measures also have been put in place to further support Bitcoin research and development.The Bitcoin Foundation has released a chart showing the results of their performance four months into their new plan.Patrick Murck, executive director of Bitcoin Foundation, says “We made $60/attendee for our proof of concept in Boston and we are shooting to increase both the number of attendees and the profit per attendee for London. We're able to keep ticket prices low by creating compelling sponsorship packages.”According to their data, the trends reversed primarily due to the success of its DevCore event series and “the grit and determination of [their] staff.”Patrick concludes, “The staff is busy on DevCore and diversifying the membership base. Additionally, we are rebuilding the website in a way that our members will have more input and control over the content.”There are still many improvements needed for the foundation to be working at optimal levels, but their team is hard at work.


Ten Years Later, a Reflection on Bitcoin’s Genesis and Satoshi’s Timing

Rather than focusing simply on what the genesis block is, today is a day to reflect on what the genesis block represents.

Colin Harper

Op Ed: From Gray To Black and White: Traditional Regulations Come to Crypto

For the crypto industry, recent developments — at both the federal and international levels — signal that the time for plausible deniability or unregulated freedom is coming to an end and more traditional regulations are moving to the forefront.

Courtney Rogers Perrin and Joshua Lewis

Bitcoin Price Analysis: Blowing Through Support Levels on the Way to $3,000

Bitcoin continues to tumble lower and lower as it struggles to claim any footing in the market. It’s down almost 50% in three weeks and it’s showing very little sign of stopping. It’s currently clutching onto the $3,500 values but it doesn’t look like it can hold on much longer.

Bitcoin Schmitcoin

Op Ed: SEC’s Latest Declaration Creates Legal Minefield for Digital Assets

This broad, authoritative declaration is not unexpected, as, to date, the SEC has stated that all digital assets — regardless of whether they function as alt coins or utility tokens — are securities at least initially and, thus, subject to its jurisdiction.

Huhnsik Chung and Nicholas Secara