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Education

BlackRock’s Bitcoin ETF Sparks Optimism Among Financial Institutions

From Wall Street to Main Street, the buzz surrounding BlackRock’s bold entrance into the world of Bitcoin has ignited a spark of hope, signaling a potential paradigm shift in the financial landscape and paving the way for a Bitcoin revolution. 

A Catalyst for Bitcoin’s Rally

BlackRock Inc., the world’s largest asset manager, recently announced plans to launch a Bitcoin exchange-traded fund (ETF), propelling Bitcoin to its highest level in 2023 and fostering a positive shift in cryptocurrency sentiment. This remarkable surge, exceeding 15% and surpassing $30,000, was driven by BlackRock’s application to the U.S. Securities and Exchange Commission (SEC) for a Bitcoin ETF. If approved, this ETF could entice institutional investors seeking exposure to Bitcoin while mitigating direct risk. 

The impact of BlackRock’s Bitcoin ETF extends beyond the immediate market rally. Other financial institutions have taken notice and are considering increasing their exposure to Bitcoin. Industry insiders report that institutional buyers have been leading the recent rally, indicating a growing appetite for Bitcoin among professional investors. The launch of a crypto exchange has been shown support by Fidelity Investments, Citadel Securities, and Charles Schwab, further solidifying the shift towards institutional adoption.

Restoring Investor Confidence

A spot Bitcoin ETF, such as the one proposed by BlackRock, has the potential to rebuild investors’ confidence in their ability to navigate the cryptocurrency market. Following the 2023 collapses of prominent crypto lenders Signature, Silvergate, and Silicon Valley Bank earlier this year, investors have become wary. By providing a regulated and secure investment vehicle, a Bitcoin ETF can address concerns about liquidity and the ability to convert fiat currency into Bitcoin.

Navigating SEC Regulations

While optimism surrounding BlackRock’s Bitcoin ETF is high, it is crucial to acknowledge the challenges presented by the SEC. In the past, the SEC rejected proposed ETFs tracking Bitcoin due to concerns about market manipulation. However, analysts note that BlackRock’s application appears to address these concerns differently, potentially paving the way for approval. Additionally, despite regulatory uncertainties, the recent SEC class actions against exchanges like Coinbase and Binance have been seen as a push for greater compliance within the industry.

To ensure the long-term success and acceptance of Bitcoin exchanges, it is vital to have robust regulatory measures in place. While the SEC’s cautious approach is understandable, the industry is optimistic that strict regulations will ultimately be favorable for cryptocurrency adoption. By establishing comprehensive guidelines that address concerns like market manipulation and investor protection, the SEC can create a secure environment for investors.

BlackRock’s Chances of Approval

Despite the tall barriers, there is a broad belief among industry experts that the ETF will receive approval. BlackRock boasts an impressive track record with the SEC, having secured approval for 575 of its ETFs while facing only one rejection. Notably, the solitary denial occurred in October 2014, when BlackRock sought permission for non-disclosure of holdings in its actively managed ETFs on a daily basis. As Bloomberg’s senior ETF analyst Eric Balchunas aptly tweeted on June 16, “That’s another reason this is so big, they don’t play around.” 

BlackRock’s Bitcoin ETF application has garnered significant attention, and for good reason. As many can’t help but wonder: Will this be the catalyst that propels cryptocurrencies into a new era of mainstream acceptance and financial revolution?

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Education

Bitcoin as a Hedge Against Inflation: Examining its Performance

In recent years, inflation has become a cause for concern among investors and everyday individuals alike. As traditional fiat currencies face the risk of losing their value due to economic instability and government policies, many are seeking alternative options to protect their wealth. One such alternative that has gained significant attention is Bitcoin. Bitcoin’s unique characteristics and limited supply have positioned it as a potential hedge against inflation. 

How Does Bitcoin Stand Against Inflation?

To understand Bitcoin’s performance as a hedge against inflation, it is essential to explore the relationship between its price and inflationary trends. Historically, Bitcoin has shown a positive correlation with inflation. In other words, as inflation increases, the value of traditional fiat currencies diminishes, leading investors to seek alternative assets that can preserve their purchasing power, like cryptocurrencies. Bitcoin, with its limited supply and decentralized nature, has attracted investors who view it as a store of value in times of inflation, similar to other assets like gold.

Bitcoin’s Scarcity

One of the main reasons behind Bitcoin’s inflation hedge potential is its scarcity. Unlike fiat currencies that can be printed at will by central banks, Bitcoin has a predetermined supply cap of 21 million coins. This controlled supply mechanism ensures that new Bitcoins are issued at a diminishing rate, ultimately leading to a fixed supply. As a result, Bitcoin’s scarcity has the potential to protect investors from the erosion of their purchasing power caused by inflation.

Inflation Caused by the COVID-19 Pandemic

The recent macroeconomic environment has further strengthened the case for Bitcoin as an inflation hedge. The global COVID-19 pandemic, coupled with unprecedented monetary stimulus measures by central banks, has raised concerns about potential inflationary effects. The Bank of Canada deputy governor Paul Beaudry has expressed that an earlier withdrawal of stimulus measures during the pandemic could have effectively mitigated inflationary pressures. Governments worldwide have injected vast sums of money into their economies to mitigate the pandemic’s impact, effectively reducing the value of traditional fiat currencies. On the other hand, Bitcoin and other cryptocurrencies have not suffered from such government measures. 

Bitcoin’s Historical Price Movements

When examining Bitcoin’s performance as an inflation hedge, it is important to look at historical price movements. Over the past decade, Bitcoin has displayed significant volatility, experiencing both rapid price increases and sharp corrections. While some argue that this volatility undermines Bitcoin’s credibility as a hedge, others view it as a reflection of its early-stage development and growing pains. Despite the volatility, Bitcoin has shown a remarkable ability to recover from downturns and reach new all-time highs.

Considering Bitcoin as an Alternative

The positive correlation between Bitcoin’s price and inflationary trends has led investors to view it as a store of value and an alternative to traditional fiat currencies. However, it is crucial to approach Bitcoin and the broader cryptocurrency market with caution, considering the market’s inherent volatility and the evolving regulatory environment. As investors navigate the challenges of preserving wealth in times of inflation, Bitcoin can be a compelling option to diversify portfolios and mitigate the risks associated with traditional fiat currencies.

If you have any questions, don’t hesitate to call us at +1 (855) 499-1149 or email us at support@badgercoin.com.

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Press Release

Ensuring Your Safety on the Blockchain with HoneyBadger

At HoneyBadger, our priority is your safety and security, and we want to assure you that no HoneyBadger employee will ever ask you for money or Bitcoin, nor offer you the same out of the blue. If you are approached in such a manner, please reach out to us through our Contact Us page immediately.

Understanding common scams is the first step towards safeguarding your digital assets. Here’s what to watch out for:

Investment Schemes: Scammers may pose as ‘investment managers’, promising unrealistic returns on Bitcoin investments. They may ask for an upfront fee and steal it instead of making investments​.

Rug Pull Scams: Scammers ‘pump up’ a new cryptocurrency project, take the funding, and disappear, leaving investors with a valueless asset​​.

Romance Scams: These scams involve a scammer, often on dating apps, convincing the other party to buy or gift cryptocurrency, then disappearing after receiving the funds​.

Phishing Scams: Scammers send emails with malicious links to fake websites to gather personal details, like cryptocurrency wallet key information​.

Man-in-the-Middle Attacks: Scammers intercept sensitive information sent over public networks, including wallet keys and account information​.

Social Media Giveaways: Fake posts on social media promising Bitcoin giveaways often lead to fraudulent sites where victims can lose their funds or personal information​​.

Ponzi Schemes: Scammers lure new investors with the promise of high profits with little risk, then use new investors’ funds to pay older ones​.

Fake Exchanges: Scammers lure investors with the promise of a great cryptocurrency exchange, which turns out to be nonexistent after the investor loses their deposit​.

Fraudulent Employee Offers: Scammers impersonate employees of cryptocurrency companies to gain access to a customer’s fiat or cryptocurrency accounts​​.

We urge all our valued customers to stay vigilant and informed. Always verify sources and exercise due diligence. Remember, if something seems too good to be true, it probably is. At HoneyBadger, we are committed to your security, and together, we can create a safer Bitcoin community.

If you have any questions, don’t hesitate to call us at +1 (855) 499-1149 or email us at support@badgercoin.com.

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Education

Lost in the Blockchain: Unraveling the Case of Lost Bitcoin

Despite the burgeoning popularity of Bitcoin and other cryptocurrencies, a significant portion of the digital wealth remains locked away, lost in the digital ether due to forgotten passwords, discarded devices, and abandoned wallets. Analysis from reputable sources suggests that about 20% of all existing Bitcoin tokens, roughly 3.7 million, are considered lost, given they have not been moved from their respective addresses in five years or more​​.

The structure of cryptocurrencies places a strong emphasis on privacy and security, making Bitcoin and its counterparts a double-edged sword. Bitcoin investors typically hold their tokens in digital wallets, protected by cryptography and only accessible via private keys.

Read More: The Meaning Behind Not Your Keys, Not Your Coins

This high level of security ensures that it is very difficult for unauthorized individuals to access these holdings. A cold wallet, one that is used offline, is generally seen as a secure way of storing digital assets. However, if the wallet owner loses access to their key, the wallet and its contained tokens may be permanently inaccessible​​.

As an example, Stefan Thomas, a software developer involved in the world of cryptocurrency, has been trying for years to figure out the password to his IronKey, which holds 7,002 Bitcoin. Another case is of an IT worker in the UK, James Howells, who has even tried digging up a landfill site to find his hard drive containing a digital wallet housing 7,500 bitcoins. He threw away the drive back in 2013 when the coins were essentially worthless​.

The loss of Bitcoin is not without its industry. Cryptohunters have arisen to help investors recover lost funds, employing various investigative tactics and tools to aid in their efforts. These hunters typically charge a fee ranging from 5% to 40% of the funds recovered​​. However, the successful recovery of Bitcoin remains a challenging and often fruitless endeavor due to the inherent security of the cryptocurrency.

While the loss of such a significant quantity of Bitcoin can be frustrating for individual investors, it should not substantially impact the broader cryptocurrency industry. Bitcoin is easily split into very small denominations, unlike fiat currency, allowing for the loss of a sizable quantity of BTC without an overall impact on the currency itself. Even as miners approach the final BTC, the rate of loss of tokens can continue for years without significantly impacting the functionality of the coin​​.

However, the inherent risks of cryptocurrency investments should not deter prospective or current investors. A series of steps can be taken to prevent the loss of Bitcoin. These include:

  1. Understanding the unique risks of Bitcoin investments, as cryptocurrency does not have built-in protections that are commonly associated with traditional financial systems​.
  2. Using a wallet to store and protect your Bitcoin. A hot wallet, connected to the internet, provides accessibility but less security, whereas a cold wallet, kept offline, offers increased security​​.
  3. Choosing a reputable exchange to buy or sell Bitcoin. Security should be a top consideration when choosing an exchange, and it is beneficial to use an exchange that has not been hacked and has robust insurance provisions​​.
  4. Developing good internet habits to protect against potential hacking attempts. This includes using a password manager, using long and complex passwords, and maintaining up-to-date antivirus and anti-malware programs​​.

The story of lost Bitcoin serves as a stark reminder of the unique challenges posed by the digital nature of cryptocurrencies. As the adoption of Bitcoin and other cryptocurrencies continues to grow, the focus on secure storage and responsible management of these digital assets will only become more critical.

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Education

Bitcoin ATMs vs. Exchanges: What’s the Difference?

As cryptocurrency becomes increasingly prominent in today’s financial world, it is essential to understand the different avenues available for conducting Bitcoin transactions. This guide will succinctly illustrate the key distinctions between Bitcoin ATMs and Exchanges, facilitating your navigation through the intricate landscape of cryptocurrency with the accuracy of a blockchain transaction.

Bitcoin Exchanges – The Digital Marketplace

Bitcoin Exchanges serve as the virtual counterparts of traditional stock exchanges within the realm of cryptocurrency. These online platforms enable users to trade Bitcoin just as they would with traditional currencies or stocks. One notable advantage of exchanges is the ability to convert Bitcoin into a plethora of altcoins, including Ethereum, Litecoin, and more.

However, as with any platform, Bitcoin Exchanges come with their share of drawbacks. Potential latency in withdrawal times can pose a significant issue, and the fact that the Bitcoin is often stored in-house implies an inherent risk, as you are not in direct control of your coins. I mean, it is hard to forget the collapse of FTX in 2023.

Remember, not your keys, not your coins.

Moreover, Canadian Bitcoin Exchanges are registered as Money Service Businesses (MSBs), requiring ID verification in accordance with FINTRAC regulations.

At HoneyBadger, we do not custody your fit or your coins as we encourage all Canadians to be the sovereign owner of their own crypto assets.

Bitcoin ATMs – The Physical Portals to Crypto

On the other side of the coin, so to speak, are Bitcoin ATMs. These devices emulate traditional ATMs, but for cryptocurrency, providing a quick and straightforward way for users to convert Canadian dollars into Bitcoin.

Bitcoin ATMs do require you to physically transact at its location, however, it ensures quick and easy settlement. We understand that not all crypto enthusiasts want to travel to our ATM locations, which is why we now have an online portal where you can purchase Bitcoin from the ease and convenience of your own home!

Find the closest HoneyBadger ATM location near you.

Weighing Your Options

Choosing the right Bitcoin transaction method boils down to a careful analysis of your individual needs. If you’re looking for a wider cryptocurrency portfolio and don’t mind navigating complex trading environments, an exchange might be your ideal path. On the other hand, if you desire a simple, direct transaction mechanism, a Bitcoin ATM could be the preferred choice.

At the end of the day, one consideration that needs to be factored with priority is risk. Are you comfortable with storing your Bitcoin on what was once FTX.com or in this day and age, Binance? Or would you prefer to take control of your coins and mitigate your risk?

We know what choice we would make.

At HoneyBadger, we pride ourselves on offering a streamlined Bitcoin transaction experience via our user-friendly Bitcoin ATMs and online portal. In the fast-paced world of cryptocurrency, we recognize that clarity is paramount, and we strive to provide that with every transaction you make.

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Education

How Long Does it Take to Mine One Bitcoin?

The rise of cryptocurrencies, particularly Bitcoin, has sparked global interest in understanding how this digital currency is generated. A critical aspect of this process involves Bitcoin mining. However, the process can be complex, and it is important to know what it entails and, crucially, how long it takes to mine one Bitcoin.

Understanding Bitcoin Mining

Bitcoin mining is the mechanism that maintains and secures the Bitcoin network. It is a process that involves the use of powerful computers to solve intricate mathematical puzzles. Upon successfully solving these problems, the transactions are verified and added to the blockchain, a public ledger.

In return for this effort, miners receive newly minted Bitcoins, making the process financially rewarding. However, the process is competitive and relies heavily on speed and computational power.

Time Frame for Mining One Bitcoin

With respect to time, mining a Bitcoin block takes an average of 10 minutes. To be more precise, Bitcoin’s block time currently sits at 9.93 minutes (as of May 23, 2023) based on the current difficulty adjustment. 

Each block currently rewards miners with 6.25 Bitcoins, following the last halving event in May 2020. However, keep in mind that this is an average and assumes ideal conditions with high-performance mining equipment working without interruption.

The Bitcoin network intentionally regulates the generation of Bitcoins to remain consistent over time. This consistency is maintained through the adjustment of mining difficulty, which balances the rate of block creation with the number of miners in the system.

Factors Affecting Mining Time

Several factors can influence the time it takes to mine one Bitcoin. These include the system’s hash rate, which refers to the computational power dedicated to mining activities. The higher the hash rate, the greater the mining power and the quicker the process.

Another factor is the mining difficulty, which adjusts approximately every two weeks to maintain the 10-minute block creation time. As more miners join the network, the difficulty increases, and thus more computational power is needed. As of today, Bitcoin’s difficulty sits at 49.55 trillion, which is an all-time high.

Energy consumption also plays a role. High-power mining machines consume a significant amount of electricity. The cost of power in your area could be a decisive factor in whether mining Bitcoin is economically viable.

Lastly, Bitcoin’s reward halving, which occurs approximately every four years, impacts the time to mine one Bitcoin. Each halving event reduces the number of Bitcoins rewarded per block, making mining more challenging and time-consuming.

READ MORE: What Happens When All Bitcoins Are Mined?

Final Thoughts

Mining Bitcoin is a complex process requiring considerable resources. With the number of miners and the mining difficulty continuously rising, it can take longer and become more costly to mine one Bitcoin. As such, careful consideration and calculation should be given to understand the potential returns and whether it’s worth your investment.

The difficulty is a measure of how difficult it is to mine a Bitcoin block, or in more technical terms, to find a hash below a given target. A high difficulty means that it will take more computing power to mine the same number of blocks, making the network more secure against attacks. The difficulty adjustment is directly related to the total estimated mining power estimated in the {hashrate} chart. Source: Blockchain.com.

Remember, HoneyBadger is always here to assist you in your Bitcoin journey. Our cryptocurrency ATMs across Canada provide a simple and secure way to buy Bitcoin, streamlining your entry into the world of cryptocurrency.

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Press Release

HoneyBadger Steps Up as Binance Steps Down

As the cryptocurrency landscape evolves, so too does the network of providers that support this dynamic and innovative sector. Recently, Binance, one of the world’s leading cryptocurrency exchanges, announced its decision to cease operations in Canada. 

The company expressed disappointment, saying it had high hopes for the Canadian blockchain industry. The decision was driven by new regulatory guidance introduced by the Canadian Securities Administrators (CSA) related to stablecoins and investor limits.

    In February, the Canadian Securities Administrators (CSA) revealed new guidance that prohibited crypto asset trading platforms within the country from allowing customers to buy or deposit stablecoins without the CSA’s prior approval. To obtain this approval, crypto trading platforms would need to pass the CSA’s various due diligence checks.

    Binance co-founder and CEO Changpeng Zhao, who is a Canadian citizen, has described the company’s exit from Canada as holding sentimental value.

    With Binance’s exit, we understand that Canadian crypto enthusiasts might be seeking a reliable and trusted platform to continue their crypto journey. We want to assure you that HoneyBadger is here to provide just that. Our ATMs and online portal offer a tangible, user-friendly way to buy and sell cryptocurrencies, making them a great option for both newcomers and seasoned crypto users.

    Our strength lies in our deep understanding of local Canadian markets, our commitment to compliance, and our dedication to providing excellent customer service. As a Canadian company, we understand the unique needs and preferences of our customers, and we tailor our services to meet those needs.

    We are excited about the future of cryptocurrency in Canada. As the landscape continues to evolve, HoneyBadger will continue to adapt and innovate, providing our customers with the best crypto services in the country. We’re ready to step up, fill the gap, and support our customers during this transition. 

    While the world of cryptocurrency may be rapidly evolving, our dedication to providing you with secure, reliable, and convenient services remains constant.

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    Education

    What is Bitcoin Backed By?

    The Bitcoin Phenomenon: A Mirage or a Masterpiece?

    With Bitcoin making headlines and turning heads in the financial world, skeptics often find themselves questioning the ‘real’ value of this digital currency. The entire concept seems to be shrouded in mystery, primarily because Bitcoin is a virtual asset and isn’t tied to any physical commodity or government directive. However, to understand Bitcoin’s value, we need to take a step back and examine the nature of money itself.

      The value of CAD, much like other fiat currencies, is fundamentally based on our shared belief and trust in its value. In this example of fiat money, the CAD is backed by the faith and trust of the Government of Canada.

      From Gold to Belief: The Evolution of Money

      Once upon a time, our money was backed by gold, a tangible asset. This was known as the gold standard, or the Bretton Woods System. But after many economic ups and downs (and a dash of global drama), the world decided to shift to the fiat model in the early 1970s when President Richard Nixon announced that the United States would no longer exchange gold for U.S. currency.

      This means our money is no longer tied to a physical commodity. Instead, it’s backed by the trust we have in our government and its economic stability.

      Bitcoin: The Digital Trust Manifested

      Now, back to Bitcoin. What is it backed by? While it may not have a physical entity underpinning its value, Bitcoin is backed by something equally, if not more, robust—mathematics and cryptography.

      Bitcoin operates on blockchain technology, a decentralized ledger system maintained by countless computers worldwide. These computers solve complex mathematical problems to validate transactions, a process known as proof-of-work. Transactions are irreversible and are final settlement. This intricate system ensures security, transparency, and trust, making Bitcoin not just a piece of code but a well-structured digital asset.

      Unlike fiat currencies, Bitcoin’s supply is capped at 21 million, creating a sense of digital scarcity, akin to gold. This scarcity, coupled with increasing acceptance and demand, gives Bitcoin its value. What is becoming increasingly more apparent is the value that Bitcoin displays has caught the eye of governments across the globe.

      Central bank digital currencies (CBDCs) are being discussed, even directly on the Bank of Canada’s website. There’s only one issue, CBDCs will again be backed by governments that can use them to easily track your transactions, instead of the decentralized nature that creates part of Bitcoin’s lure.

      HoneyBadger and Bitcoin: Navigating the Crypto Landscape Together

      As Bitcoin continues to gain acceptance and make waves in the financial world, HoneyBadger is here to help you navigate the crypto landscape. We provide secure, quick, and user-friendly access to Bitcoin through our crypto ATMs and online portal, spread coast to coast across Canada.

      So, is Bitcoin a worthy investment? That’s a question that depends on various factors, including your financial goals, risk tolerance, and understanding of cryptocurrencies. Like any investment, it’s essential to do thorough research and make informed decisions. And when you’re ready to embark on your crypto journey, HoneyBadger will be right here, ready to guide you every step of the way.

      Bitcoin may not be backed by a physical commodity or a government decree, but it is backed by a combination of cryptography, a global network of computers, and the belief of millions in it. That said, why should we trust our money in the hands of governments and not in the hands of the masses?

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      Education

      The Bitcoin Finale: What Happens When All Bitcoins Are Mined?

      Picture a world where the last Bitcoin is mined, and crypto-enthusiasts everywhere gather to celebrate this momentous occasion. What’s next? Does the world end? Do we all just pack up and go home? Fear not: let’s dive into the future of Bitcoin mining and how the cryptocurrency ecosystem might adapt when the last coin is unearthed.

      The Great Bitcoin Halvenings

      Just like a thrilling movie franchise, Bitcoin has its own series of halvenings. These halvenings are not plot twists, but rather, they control the rate of Bitcoin production. Roughly every four years (or every 210,000 blocks), the block reward for miners is cut in half. From the initial 50 BTC reward, we’ve reached a current reward of 6.25 BTC per block. The halvenings will continue until the final Bitcoin is mined, which is estimated to happen around 2140.

        The 21 Million Coin Question

        As of May 3, 2023, at 1 p.m. (PST) there are 19,363,318 Bitcoins in existence, sitting at roughly 92% of all Bitcoins that will be issued. Once all 21 million coins have been mined, no new Bitcoins will be created. 

        While this may sound like a bummer for latecomers, there’s still hope. Transaction fees will become the main source of income for miners, incentivizing them to continue validating transactions. And who knows, maybe by 2140, we’ll be using Bitcoin to buy hoverboards or teleportation tickets.

         

        Lost and Found

        It’s important to note that not all 21 million Bitcoins will be accessible. Some estimates suggest that around 7% of all mined BTC is lost due to forgotten passwords, misplaced wallets, or untimely demises. As the saying goes, “You can’t take it with you,” especially when it comes to digital currencies.

        The Market in Motion

        With no new Bitcoins being mined, the supply of available coins will remain fixed. This scarcity could potentially drive the price of Bitcoin even higher. You might be thinking, “Wouldn’t that simply create hyperinflation?”

        Great question. The simple answer is no. Bitcoin will become divisible into smaller units through Satoshis (or Sats for short). Unsure of what this means? We dove into this topic a few weeks ago, have a read here.

        History has shown that Bitcoin’s price tends to increase in the days following a halving (based on Bitcoin’s three previous halving cycles).

        A Miner Adjustment

        Miners, the backbone of the Bitcoin network, will have to adapt to the new reality of no block rewards. As mentioned earlier, transaction fees will become their main source of income. If the value of Bitcoin continues to rise, miners might charge higher fees to make processing transactions profitable enough to continue their work.

        The final Bitcoin mining chapter is still over a century away. While no one can predict the exact outcome, one thing is certain – the cryptocurrency ecosystem will continue to evolve. As we approach the end of the Bitcoin mining era, we’ll undoubtedly see new innovations and adaptations in the world of digital currency. So, buckle up, and enjoy the ride.

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        Press Release

        HoneyBadger Enterprises Ltd. Introduces New Online Portal for Bitcoin Transactions

        VANCOUVER, May 1, 2023 – HoneyBadger Enterprises Ltd. (“HoneyBadger” or the “Company”), (hosted on badgercoin.com), is one of Canada’s largest and most secure network of Bitcoin ATMs with over 200 from coast to coast. HoneyBadger makes it easy for Canadians to buy, sell and understand Bitcoin and we are excited to announce the launch of our new online portal for transactions and account creation. The new portal is available on our website and enables customers to buy or sell Bitcoin, Litecoin, and Ethereum with ease and convenience.

        The new portal provides customers with a seamless and secure platform to conduct Bitcoin transactions. The portal is user-friendly and allows customers to easily navigate the website and purchase or sell cryptocurrencies with just a few clicks. Additionally, the portal is secure and provides customers with a safe platform to carry out their transactions.

        We are now providing our customers with more ways to buy Bitcoin online through Visa and Mastercard. Interact, Apple Pay, and Google Pay are coming soon.

        HoneyBadger management remarked, “We are committed to providing our customers with innovative solutions to meet their needs. Our new online portal for Bitcoin transactions is a testament to our commitment to make Bitcoin and cryptocurrency accessible to all Canadians.”

        The portal is also equipped with a user-friendly dashboard that provides customers with access to their transaction history and allows them to easily monitor trends in cryptocurrency pricing.

        The transfer of coins is instant (pending blockchain confirmation time), and HoneyBadger does not custody any fiat or coins on a customer’s behalf.

        “We understand that the world of Bitcoin can be complex, which is why we have made it our mission to simplify transaction processes for our customers. Our new online portal for cryptocurrency transactions is just one way we are delivering on that promise,” said management.

        HoneyBadger is committed to providing customers with quick and easy experiences when it comes to cryptocurrency transactions. With the launch of the online portal, we are poised to continue this commitment.

        For more information on HoneyBadger and our new online portal for Bitcoin transactions, please visit our FAQ page.

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