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Bitcoin News Saturday, March 10 Regulator joseph borg, Cboe futures exchange, Ira & more…

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Bitcoin News TLDR / Table of Contents

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People are taking out mortgages to buy bitcoin, says securities regulator

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  • Bitcoin is in the mania phase, with some people even borrowing money to get in on the action, securities regulator Joseph Borg told CNBC on Monday.
  • Bitcoin has been soaring all year, starting out at $1,000 and rocketing above $19,000 on the Coinbase exchange last week.
  • The price on Coinbase, which accounts for a third of bitcoin trading value, is often at a premium over other exchanges.
  • Whether it is bitcoin or not, I don’t know, Borg said in an interview with Power Lunch.
  • Bitcoin futures, trading under the XBT ticker symbol, debuted on the Cboe futures exchange on Sunday night.

[/vc_column_text][vc_column_text el_class=”topfeed-tags”]Tags: regulator Joseph Borg, Cboe futures exchange, futures contracts, North American Securities, bitcoin futures[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_separator][vc_column_text el_class=”topfeed-tweet”]

[/vc_column_text][vc_column_text el_class=”topfeed-embedly”]People are taking out mortgages to buy bitcoin, says securities regulator[/vc_column_text][/vc_column][/vc_row][vc_row el_id=”Putting-bitcoin-in-your-IRA-can-sink-your-retirement”][vc_column width=”1/2″][vc_separator][vc_column_text]

Putting bitcoin in your IRA can sink your retirement

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  • Last year, she invested 15 percent of her retirement savings in cryptocurrencies.
  • Six percent of savers say they would consider using cryptocurrencies as an investment option for their retirement plan, according to a recent survey by Auctus, a platform for retirement planning.
  • Chris Kline, chief operating officer at California-based Bitcoin IRA, said about 4,500 people have signed up for its retirement accounts since it opened in 2016.
  • Douglas Boneparth, president and founder of Bone Fide Wealth, said he worries the talk about bitcoin IRAs will make people overestimate how normal it is to invest in cryptocurrencies.
  • For most people who have an IRA, they’re in no position to be investing this way.

[/vc_column_text][vc_column_text el_class=”topfeed-tags”]Tags: IRA, retirement savings, bitcoin ira, California-based Bitcoin IRA, traditional IRA accounts[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_separator][vc_column_text el_class=”topfeed-tweet”]

[/vc_column_text][vc_column_text el_class=”topfeed-embedly”]Putting bitcoin in your IRA can sink your retirement[/vc_column_text][/vc_column][/vc_row][vc_row el_id=”You-Can-Use-a-Weed-Grow-Tent-to-Cool-Your-Bitcoin-Mining-Rig”][vc_column width=”1/2″][vc_separator][vc_column_text]

You Can Use a Weed Grow Tent to Cool Your Bitcoin Mining Rig

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  • YouTuber Yuri Murakami ordered a cheap marijuana grow tent online, stuffed his mining rig inside and used a system of ducts to bring in cool air and push out hot air.
  • This room used to get to about 85 degrees fahrenheit with no mining rig, Murakami said in his video.
  • Marijuana grow tents have long been a discreet solution for the suburban grower who wants to control the temperature, light, and heat generated by their operation.
  • Murakamis solution is just the latest in a long line of cooling solutions for keeping a mining rig cool.
  • According to Murakami and other YouTubers posting about their mining rig packed grow tents, the biggest problem with using the tents and a system of fans is all the noise it generates.

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[/vc_column_text][vc_column_text el_class=”topfeed-embedly”]You Can Use a Weed Grow Tent to Cool Your Bitcoin Mining Rig – Motherboard[/vc_column_text][/vc_column][/vc_row]