Bank of England Governor Andrew Bailey has expressed concerns about El Salvador making bitcoin its legal tender, considering the risk related to the cryptocurrency. This comes just days after President Nayib Bukele announced plans to build a “Bitcoin City” powered by the Conchagua volcano and funded by Bitcoin bonds. Governor […]
The Bitfinex Hack: How’d it happen? By now, most of you have already heard of the Bitfinex hack. If you haven’t, here’s some background- on August 2nd, 2016, nearly 120,000 Bitcoins were stolen from the site (at the time, 95 Million USD). Trading was halted later that day, and panic ensued. This, […]
Recent events have indicated the possibility of the Token Taxonomy Act becoming law. According to Warren Davidson, the United States Congressman serving Ohio’s 8th District, there is urgent need for regulations in the crypto sphere. He expressed his excitement on his Twitter Page about the revisions of the bipartisan bill […]
Microsoft is one of the few enormous tech companies which have really shown an appreciation towards the digital currency trend, and have even supported Bitcoin in the past for Microsoft Store purchases. This has always been worth appreciating, and it seems like the giant is ready to make another great […]
The popular opinion worldwide is Bitcoin trading cannot be stopped even by the very rigid censorship of the Chinese Government and the People’s Bank of China on crypto currencies. Bitcoin exchanges have introduced unique procedures such as “Know your Customers” as well as put off withdrawals a month ago even […]
Bitcoin smashed PayPal annual dollar processing records by 62%. BTC estimated average quarterly transactions is almost half a trillion US dollars. The record puts Bitcoin P2P transactions on the world stage as the third biggest behind Mastercard and Visa. A recent report by blockdata has revealed that the Bitcoin network […]
Bitcoin may be a hot topic for discussion on dinner tables today at Thanksgiving but not for the very best reasons – the crypto is down from a high of $59,258 to the current rate of $54,738. A total of $3.2 billion worth of Bitcoin options are set to expire […]
Bitcoin’s decentralized nature can in part be ascribed to the fact that it’s not released to the market through a central institution or procedure. Bitcoin was a first in successfully implementing a “mining technology” for digital currency distribution. Nowadays, bitcoin mining networks consists of the strongest computing network in the […]
Bitcoin stock to flow model creator, PlanB, backpedals on his $98k November closing price prediction. PlanB remains confident that Bitcoin’s price is headed to $100,000 by the end of the year. Bitcoin analyst and investor, PlanB, has long held a bullish stance on Bitcoin’s price. The creator of the popular […]
El Salvador’s tourism sector has seen a boom in recent weeks following the country’s adoption of Bitcoin as legal tender. The country is considered a top pilgrimage destination for Bitcoiners around the world, given its significance in the ecosystem. The country holds the record as the first country to elevate […]
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