Tagged: bitcoin

May 13, 2019 @ 3:40 pm By JD Alois  |  

Bitcoin has been rallying in recent days compelling many followers to declare the crypto winter has ended. Crypto spring is here. Bitcoin recently bounced off of USD $8000.00 and, as of today, hovers around USD $7800.00. BTC started May at about $5300. So what gives?… Read More

May 11, 2019 @ 11:07 am By Cali Haan  |  

Changpeng Zhao, CEO of Binance, one of the world’s largest cryptocurrency trading platforms, has issued a blog post stating the business is working hard to tighten security after hackers stole 7070 Bitcoins (worth ~$44 million USD) from an exchange hot wallet earlier this week. Zhao… Read More

May 10, 2019 @ 4:43 pm By Cali Haan  |  

Congressman Brad Sherman, a Democrat who represents a Southern California District in the San Fernando Valley, has called on fellow congressional reps to ban cryptocurrencies. He asks that they do so on the basis that cryptocurrencies’ “sole” application is for the undermining of the rule… Read More

May 9, 2019 @ 5:00 pm By Cali Haan  |  

Cryptocurrency pundits on Twitter are claiming that Bitcoin markets are being manipulated and propped up by whales. In response to a comment from another pundit surprised that the price of Bitcoins didn’t drop substantially upon news of the $41 million USD hack this week on… Read More

May 9, 2019 @ 4:22 pm By Cali Haan  |  

Changpeng Zhao, CEO and founder of Binance, the world’s largest cryptocurrency exchange, stirred controversy this week when he suggested that colluding Bitcoin miners could “roll-back” Bitcoin’s data records and recover $41 million USD in bitcoins hacked from Binance this week. Zhao made the comments in… Read More

May 7, 2019 @ 10:54 pm By JD Alois  |  

In March, Bitwise Asset Management pitched their case regarding the creation of a Bitcoin ETF to the Securities and Exchange Commission (SEC). While providing a compelling argument as to why the SEC should move forward with their ETF, the presentation also provided some interesting insight… Read More

May 6, 2019 @ 1:18 pm By Cali Haan  |  

Columbia University Economics Professor Joseph Stiglitz, a long time financial transparency advocate who won the Nobel Prize for Economics in 2001 says cryptocurrencies function poorly as currencies, push economic activity underground and, for these reasons, should be “shut down.” Stiglitz made the comments in an interview at CNBC…. Read More

May 2, 2019 @ 9:36 pm By Cali Haan  |  

Revenues from the sale of Bitcoins through Square’s “Cash App” almost doubled over the past year ($65.5 million), with Bitcoin sales accounting for almost 10% of the company’s Q1 2018 revenues ($656 million). The figures are provided in Square’s quarterly report available here. Square is… Read More

April 30, 2019 @ 11:53 am By Samantha Hurst  |  

Global blockchain payments provider BitPay announced on Tuesday it has teamed up with Refundo, a provider of tax-related financial products, to offer federal and state income tax refunds in Bitcoin. While sharing more details about the partnership, Rolf Haag, Head of Business Solutions at BitPay, stated:… Read More

April 29, 2019 @ 2:38 pm By Cali Haan  |  

Researchers at LongHash, “a global blockchain incubator supported by the Singapore government,” have concluded that surging stablecoin trading volumes corresponded with a sudden 15% increase in the price of Bitcoins on April 2nd of this year. On that day, the price of one bitcoin, which… Read More

April 28, 2019 @ 6:07 pm By Cali Haan  |  

Israeli civic-defence groups have been sounding the alarm since January that the militant Palestinian-liberation organization Hamas has started raising funds via Bitcoin. And while donations of Bitcoins to Hamas so far pale in comparison to the millions of dollars Hamas is believed to receive from… Read More

April 28, 2019 @ 9:07 am By Cali Haan  |  

Police in Berkeley, California, are warning the public that a culprit impersonating a police officer has attempted to extort Bitcoins from a resident of that region. According to a City of Berkeley press release issued April 24th regarding the incident: “Just this past Thursday, a… Read More

April 27, 2019 @ 6:39 pm By JD Alois  |  

In a tweet last week, NYTimes crypto reporter stated that Etrade will soon allow Bitcoin trading. In the wake of TD Ameritrade quietly opening Bitcoin trading for some of its customers, I was just told that eTrade is preparing to begin offering both Bitcoin and… Read More

April 27, 2019 @ 9:08 am By Cali Haan  |  

Two men in Nigeria have been charged in Oregon with 13 counts relating to an online scheme they allegedly executed to defraud victims out of more than 50 Bitcoins. Oregon prosecutors allege the scheme claimed three victims in the US. According to a release from… Read More

April 24, 2019 @ 2:08 pm By Cali Haan  |  

The Wall Street Journal has reported this week that, on the advice of “a Bitcoin evangelist,” Softbank founder Masayoshi Son invested big in Bitcoins at the height of the market, then lost $130 million when he sold his position as the coin began to crash…. Read More

April 21, 2019 @ 6:32 pm By Cali Haan  |  

Relatives of Chad Elwartowski, a “pure libertarian” wanted by the Thai government for setting up a “seasteading” platform on an abandoned oil rig within the country’s waters say they are concerned about his well-being. Elwartowski’s sister, Delynne Elwartowski, told the Detroit Free Press that her… Read More

April 20, 2019 @ 1:07 pm By Cali Haan  |  

Numerous cryptocurrency commentators, most of whom are “bag holders” themselves, have been fond of announcing in the press and on social media the inevitable and imminent outsize ballooning of the price of Bitcoin. This phenomenon was particularly common during Bitcoin’s parabolic run up at the… Read More

April 20, 2019 @ 10:08 am By Cali Haan  |  

The Financial Crimes Enforcement Network (FinCEN), part of the US Department of Treasury, has fined the operator of a peer-to-peer cryptocurrency trading service $35,350 USD and barred him from money-transmitting, “for willfully violating the Bank Secrecy Act’s (BSA) registration, program, and reporting requirements.” In a release… Read More

April 19, 2019 @ 9:08 am By Samantha Hurst  |  

BitGive, a Bitcoin 501(c)(3) nonprofit announced this week it has formed a partnership with Uphold, a digital money platform, to have donation tracking platform GiveTrack integrated with Uphold through API. BitGive reported that through the integration, users will be able to donate to any of… Read More

April 18, 2019 @ 10:56 pm By Cali Haan  |  

A libertarian “seasteading” venture launched by a Bitcoin-rich American and his Thai wife off the coast of Phuket has induced a national security response from the Thai Navy, Bangkok Post reports. Chad Andrew Elwartowski and Supranee Thepdet (aka “Nadia Summergirl”) have reportedly established “a living… Read More