Bitcoin became legal tender in El Salvador when the bitcoin law, proposed by the country’s controversial President Nayib Bukele, was passed by the legislature in…
Posts tagged as “Bitcoin”
The story Bitcoin is straight out of Hollywood. On Halloween 2008, an anonymous developer posted the concept of bitcoin on an IRC mailing list for…
“Don’t sell your Bitcoin,” Michael Saylor says. The way he sees it, Bitcoin is digital property. You can now store digital energy on the network…
Either Wright invented Bitcoin, or he’s a con artist. The story of Satoshi Nakamoto, founder of Bitcoin, keeps getting crazier and crazier… Three years ago,…
Taproot is a soft fork of the Bitcoin blockchain that enhances Bitcoin scripts to enhance privacy and improve other factors related to complex transactions. Taproot…
Bitcoin has limited functionality when it comes to smart contracts. A classic example is the Bitcoin wallet, which is built with a scripting system and…
Large institutions are adopting Bitcoin: JPMorgan, Goldman Sachs, and hedge funds galore. According to many proponents in the Bitcoin industry, including Ziad Abdelnour, the President…
“When I started skating, it was at the tail end of a wave of popularity,” Tony Hawk recalls at the Bitcoin Conference 2021 in Miami, Florida.
“Bitcoin is gold 2.0,” said Tyler Winklevoss at Bitcoin Conference 2021 in a fireside chat moderated by Anthony Pompliano.
Senator Cynthia Lummis (R-WY) and Congressman Warren Davidson (R-OH) joined moderator Allan Stevo on stage at Bitcoin Conference 2021 to discuss Bitcoin in the United…
“Bitcoin changes absolutely everything,” said Twitter CEO Jack Dorsey to begin a Fireside Chat with Alex Gladstein at Bitcoin Conference 2021. “And what I’m drawn…
Jack Mallers, CEO of bitcoin investment and payment company Zap, made a promise at Bitcoin Conference 2021: “One small step for Bitcoin, one giant leap…
From prison—a maximum security federal penitentiary, to be exact—Silk Road founder Ross Ulbricht placed a phone call with the Bitcoin community in attendance at Bitcoin…
In 2017, David Bailey saw his portfolio of companies make hundreds of millions in the speculative mania of 2017 and 2018, and then lose hundreds…
Should you invest in bitcoin right now? When bitcoin was launched initially, it was meant to be a platform that allows for anonymous payments. The…
The bitcoin price continues to hover just below record highs above $23,000, and as a result, many people may be looking to get a piece of the…
A new bitcoin price prediction puts the cryptocurrency at more than $73,000 in 2021. A chart technician says the only direction for bitcoin is up in the…
Bitcoin is up almost 150% and has topped $18,000 for the first time in three years. It might seem like the cryptocurrency is headed higher,…
According to Bloomberg crypto analyst Mike McGlone, bitcoin is worth $15,000, not the $10,900 price as of press time. McGlobe is the senior commodity strategist at Bloomberg and, upon examining various factors like bitcoin’s rising hashrate––which continually hits new records––he determined Bitcoin is undervalued at current levels.
The University of Cambridge and the school’s Centre for Alternative Finance published its third “Global Cryptocurrency Benchmarking Study.” The study examines crypto’s overall growth, as well as the niches of mining, off chain activity, crypto asset user profiling, regulation, and security.
The September 2020 study highlights in particular mining, payments, custody, and exchange. Apolline Blandin, Gina Pieters, Yue Wu, Thomas Eisermann, Anton Dek, Sean Taylor, and Damaris Njoki co-authored the proposal.
India’s crypto trade is bouncing back after the Supreme Court of India lifted banking restrictions for exchanges in March. The crypto market there had slowed…
After two secessions held in Beijing, China is drafting legislation to protect cryptocurrency inheritances. A draft of the country’s Civil Code was adopted, which regulates…
Trace Mayer, an original proponent of Bitcoin, is an entrepreneur, investor, journalist, and monetary scientist. Along with degrees in accounting and law, he is a proponent…
“The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase…
Trace Mayer has a long history in the Bitcoin industry. As an investor, Mayer he has backed well-known Bitcoin companies, including BitPay, Armory, and Kraken. He’s well-read in Austrian economics, and has degrees in law and accounting.
According to the Leicestershire police, cryptocurrency, such as Bitcoins, is becoming the currency of choice for criminals online. They cite a February event, as an UK man was jailed for buying and selling drugs online using cryptocurrency.
Mati Greenspan is a trader from birth and founder of Quantum Economics. He is a former Senior Market Analyst at eToro. As a licensed portfolio…
Nordea, a Danish Bank, won a court case allowing it to prevent staff from buying Bitcoin and other cryptocurrencies.
Nordea first banned its employees from owning bitcoin in January 2018, after which Danish finance and workers’ rights figures threatened legal action.
Genesis Mining, a cryptocurrency miner, found that one-third of Americans believe the US Dollar is still backed by gold. The dollar has not been backed by gold since 1973.
The survey, conducted in late September, included 1,000 participants. Its goal: to determine just how much U.S. citizens understood money. In late October, the miner found that 29% of those surveyed believed a gold reserve backed the U.S. dollar. 24% of respondents answered that the Federal Reserve was tasked to secure the nation’s gold reserve.
New York-based WisdomTree launched a new bitcoin exchange traded product (ETP) on Switzerland’s SIX stock exchange. This product, which is physically backed by crypto, will compete on SIX with Amun AG’s similarly-designed bitcoin ETP, and is settled in the underlying asset.
WisdomTree, which has provided gold-based ETPs in Europe since 2003, said its Bitcoin ETP provides investors, “a simple, secure and cost-efficient way to gain exposure to Bitcoin while utilising the best of traditional financial infrastructure and product structuring.” Under the WBTC ticker, it is listed at a total expense ratio of 0.95%.
German banks will begin to offer the sale and storage of cryptocurrencies under new legislation. The banks had been barred from offering direct access to crypto assets.
The new law, which was written in the fourth EU Money Laundering Directive, rewrites this starting in 2020. Reported by Handelsblatt on Wednesday, the German federal parliament, the Bundestag, passed the bill, which will likely be signed by the nation’s sixteen states.
Bitcoin mining emissions were on par with Estonia, suggesting that the climate change impact of the first digital asset is less than previously reported. Furthermore, the research seems to suggest that where Bitcoin is mined contributes to how much carbon Bitcoin emits. With so much of the mining being done in China, one might wonder if that country’s infrastructure is more to blame than Bitcoin.
The Bitcoin price fell to $6,558.14 on Monday before rebounding on Tuesday. Now at its lowest level since May, Bitcoin has lost $3,000 in value one month after China cracked down on businesses involved in cryptocurrency operations. Bitcoin is currently trading at $7,222.12.
Bitcoin increased in price to $10,000 last month after Chinese President Xi Jinping spoke highly of blockchain technology, though there were no indications he included cryptocurrencies in that sentiment.
David Marcus is leading up Calibre, Facebook’s cryptocurrency project. As reported by CNBC, he said Wednesday that Bitcoin is digital gold, and not a good currency for transactions.
“I don’t think of Bitcoin as a currency,” Marcus told an audience at the New York Times DealBook Conference in New York. “It’s actually not a great medium of exchange because of its volatility. I see it as digital gold.”
China’s National Development and Reform Commission (NDRC) has removed crypto mining activities as an unwanted industry from its Industrial Structure Adjustment Guidance Catalog.
China has long been a mining leader in the crypto industry. As a world leader in computer hardware generally, the country was in a unique position to take lead the way when it came to mining bitcoin and other cryptocurrencies. As in most hardware-intensive industries, the lion’s share of cryptocurrency mining hardware comes from China.
Philadelphia Federal Reserve Bank President Patrick Harker said on Wednesday it is “inevitable” that central banks will issue digital currency. He also said the United States should not be the nation to lead such a move. He had been asked about the Fed’s creation of “FedNow,” its own real-time payments system. The comments were first reported by Reuters.
“Frankly I don’t think we should be the first mover as a nation to do this,” Harker said at a St. Louis community banking conference. He noted the dollar’s status as world reserve currency and underscored the need for experimentation and tests when it comes to such technology.
The Bitcoin halving is coming next year.
Bitcoin’s emission rate will be cut in half in 2020. This is known as a block reward halving. It is the third reward halving since Bitcoin was first introduced to the masses in 2009. Given the scarcity aspect of the world’s leading cryptocurrency, this reduced emission rate can have a significant impact on the price.
Historically speaking, block reward halvings are significant for Bitcoin. It helps reduce the amount of “new” BTC brought into circulation. At the current rate, 12.5 BTC is added to the supply every 10 minutes. Over the course of a day, that equals to 1,800 bitcoin, or $1,8 million at current prices. For a currency which is deemed to be scarce, there is still a lot of value being brought into circulation every day.
Israeli banks are facing lawsuits brought by domestic cryptocurrency enthusiasts. A recent freedom of information request demonstrates how Bitcoin holders in the country want more clarity regarding bank policies on cryptocurrency trading. Most banks there, like in much of the world, are cautious when banking blockchain companies, which makes life difficult for enterprise businesses in the blockchain industry.
In recent years, Israel has become a hotbed for cryptocurrency activity. Increasingly, people aim to obtain cryptocurrency, and this is often done through a bank account. For Bitcoin enthusiasts, this proves to be rather problematic in the country.
The US Securities and Exchange Commission continues to delay its Bitcoin ETF decision on the Bitwise Bitcoin ETF Trust and the VanEck SolidX Bitcoin Trust, while Bakkt claims its acquired a New York state trust charter through the New York State Department of Financial Services (NYDFS), enabling the company offer its physically-settled bitcoin futures contracts.
For the cryptocurrency community, the Bitwise and VanEck delays are nothing new. Rejection or approval of those investment vehicles will now have to wait until October 2019.
The IRS wants to learn about the transactions of Bitcoin users in the United States. Despite the perceived privacy of Bitcoin and alternative currencies, crypto users are not exempt from taxation.
Anyone who moved cryptocurrency through a centralized exchange are required by law to file their taxes properly. Just last year, the US government won a court order for CoinBase’s customer list.
A Bitcoin exchange in Tokyo halted services on July 12 and announced a major hack. Bitpoint, a Japan-based and licensed cryptocurrency exchange, was hacked for $32 million or $3.5 billion yen. Customers received an email alerting them to the fact that Bitpoint would cease all services while it investigates.
If you’re an expert in the cryptocurrency space, you know how to set up a wallet, manage that wallet, and do all of those things,…
John Burbank, a global investor for 18 years, spoke April 20 at StartEngine ICO 2.0 Spring Summit in Santa Monica, California. The San Francisco-based founder of Passport Capital, a global investment firm, has placed his money in more than 100 startups and 20 micro VC funds in the last eight years.
(GSB) GoldSilverBitcoin CEO Justin O’Connell interviewed Max Keiser briefly at Bitcoin 2019, a conference in San Francisco hosted by Bitcoin Magazine.
What is surprising, novel, ironic or controversial about Bitcoin in Q2 2019?
MK: I think it’s the recognition now by mainstream analysts and media that bitcoin represents a store of value. I think that story, which we’ve been talking about for years, seemed ludicrous a few years ago. But, more and more on the institutional level they’re getting to understand that this does represent a risk-off store of value safe haven.
The NYDFS rejected Seattle-based cryptocurrency exchange Bittrex’s BitLicense application, and the resulting rejection letter serves as a blueprint for anyone looking to do crypto business in the Empire State.
Bitcoin is poised to move beyond $10,000. At the time of writing, it currently sits at $9,922, and has already surpassed $10,000 on Chinese exchanges. Its record high is $19,666. Bitcoin is currently at its highest price since May 2018.
Bitcoin has tested the technical resistance set in April 2018 of $9,949, and the psychological resistance of $10,000 is next. Since April 1, Bitcoin is up 140 percent.
Binance, the world’s largest cryptocurrency exchange, announced that starting in September it will disallow U.S. residents from using its flagship exchange. Instead, it will launch a U.S.-based service, called Binance US, where U.S. passport holders will face restrictions when using the website.
Binance has been known for letting anyone use its services to trade tokens. The Malta-based exchange will partner with Bam Trading Services, a FinCEN-registered company with links to Binance-backed Koi Compliance, the “fully-managed solutions” department of over-the-counter (OTC) crypto trader Koi Trading. Binance Labs invested $3 million in Koi Trading on January 24.
Crypto Wendy, who is keeping her eye on Bitcoin ETFs, futures and institutional interest in the crypto market these days, wants you to know that she is no trading expert.
“…I am here to learn and grow with everyone,” she says.
She started out in the space as a trader and hosting free meetups at Cryptospace in San Pedro, teaching and talking about basic trading methods. Three times a week, she does a live stream and discusses news and current events that impact the market on her YouTube channel. She believes we’ve seen the bottom in the crypto market for now.
Ziya Sadr spoke with Let’s Talk Bitcoin, a cryptocurrency podcast, about the importance of Bitcoin in Iran. He discussed how it allows great financial freedom for the Iranian people, and how Bitcoin is superior to other cryptocurrencies in Iran.
“The thing about bitcoin is that we are on equal ground with the rest of the world and that is nice for a change,” Mr. Sadr, who is 25 years old, told the long-serving podcast. “We’ve never been on equal ground. We’ve had inflation, we’ve been sanctioned by the whole world. With Bitcoin, we are on equal ground with the rest of the world and this is kind of new.”
Jim Rogers believes governments will interfere with the rise of bitcoin and cryptocurrency, but not blockchain.
“The blockchain has a great future,” the famous investor told BBLOKK OFFICIAL. “Blockchain is changing everything we know, and it’s going to change even more. A lot of people are going to lose their job because of blockchain, but a lot of people lost jobs because of electricity, and electricity turned out to be a good thing for all of us; likewise with blockchain.”