Tag Archive : Bitcoin

Here’s Why Bitcoin Hasn’t Been Regulated Into Oblivion, According to Facebook’s Calibre Head

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.” Read More

Chinese Bitcoin Miners Get Reprieve from CCP

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. Read More

Centrals Banks Issuing Digital Currency is Inevitable, says Federal Reserve President

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. Read More

The Bitcoin Halving 2020 Might Have MASSIVE Implications for BTC Price

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. Read More

Bitcoiners Sue Banks in Israel

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.

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Bitcoin Futures Contracts Debut Next Month as SEC Delays Bitcoin ETF Decisions

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. Read More

A Closer Look at the Two Letters Bitcoin Users Received from the IRS

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. Read More

Japanese Bitcoin Exchange Suffers $32 Million Hack

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. Read More

Max Keiser: Bitcoin is a Risk-off Store of Value Safehaven

(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. Read More

Bitcoin is Near $10,000

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. Read More

Everything You Need to Know about Binance and its Formal Entry into the US

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. Read More

This Crypto Trader is Keeping Her Eye on Bitcoin ETFs, Futures and Institutional Interest

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. Read More

Bitcoin User from Iran: “Bitcoin is the Only Option We Have”

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.” Read More

Jim Rogers: “Cryptocurrencies are Going to Disappear and Go to Nothing.” The Reason Why Might Shock You.

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.” Read More

Bitcoin is Acting More Like a Safehaven Than Gold

Bitcoin is acting similar to a safe haven asset with uncertainty plaguing the stock market amid President Donald Trump’s aggressive trade policies. Bitcoin was trading at over $8,700 earlier this week and traded above $7,800 on Wednesday morning.

“I watch bitcoin as a signal, as an indicator, not because I want to own it,” said Bleakley Advisory Group’s Peter Boockvar, who is generally bearish on bitcoin. “Over the last couple weeks, we’ve seen this sharp rise in bitcoin, and to me, that was saying something in terms of what markets were thinking about what the Fed was going to do [and about] the turmoil created by the threatened tariffs. ” Read More