Getting To Know The Bitcoin Currency
Bitcoin as a currency is not a new concept. This is a tool that has been in use since the invention of paper. In fact, it can be credited with creating the first completely decentralized online transaction. When you hear about people making transacti.....»»
What is an ETF? And why is it driving Bitcoin back to record high prices?
The Bitcoin bulls are racing again. A year ago the cryptocurrency was valued at less than US$12,000. Now it has passed the symbolic milestone of US$60,000, nudging the US$63,255 record it reached in mid-April, before its price fell to as low as US$30.....»»
Why a Bitcoin ETF On Futures Might Not Be Such a Good Idea
Tomorrow morning, the ProShare Bitcoin Strategy ETF is scheduled to begin trading. "Before you rush headlong into this market, it's important to understand that there are crucial differences" between an exchange-traded fund that's backed by actual Bi.....»»
US Treasury Says It Tied $5.2 Billion in BTC Transactions To Ransomware Payments
The financial crimes investigation unit of the US Treasury Department, also known as FinCEN, said last week it identified approximately $5.2 billion in outgoing Bitcoin transactions potentially tied to ransomware payments. From a report: FinCEN offic.....»»
Bitcoin Comes To the Big Board
Bitcoin has been on a tear in recent weeks, approaching record high prices above $60,000, as crypto enthusiasts anticipate history in the making. Tomorrow morning, ProShares will launch a long-awaiting exchange-traded fund on the New York Stock Excha.....»»
The Ups and Downs of Bitcoin"s First Month in El Salvador
One month ago El Salvador made bitcoin legal tender in the country. The Motley Fool looks at how it's playing out: Even before the launch, President Bukele's push for Bitcoin was not popular at home or abroad. The IMF refused to help fund the rollou.....»»
Bitcoin Tops $60,000, Rising 50% in 24 Days
Less than a month ago Bitcoin's price was $40,683. Last night it reached $61,369 — a gain of more than 50% in just 24 days. CNN attributes the October surge to "hopes that the Securities and Exchange Commission will soon approve a bitcoin fut.....»»
Jack Dorsey Says Square May Build Open-Source Bitcoin Mining System
Square CEO Jack Dorsey says the company is starting a "deep technical investigation" to create an open-source Bitcoin mining system. It comes as the price of Bitcoin passed $62,000 while threatening to pass the all-time high of $65,000. The Independe.....»»
Tether Fined $41 Million For Lying About Fiat Currency Backing
An anonymous reader quotes a report from Bloomberg: Tether will pay $41 million to settle allegations it lied in claiming its digital tokens were fully backed by fiat currencies, putting a major compliance headache behind the world's biggest issuer o.....»»
SEC Said To Allow Bitcoin Futures ETFs As Deadline Looms
The Securities and Exchange Commission is poised to allow the first U.S. Bitcoin futures exchange-traded fund to begin trading in a watershed moment for the cryptocurrency industry, according to people familiar with the matter. Bloomberg reports: The.....»»
Ted Cruz Says Bitcoin Mining Can Fix Texas" Crumbling Electric Grid
An anonymous reader quotes a report from Motherboard: Texas' energy grid has problems. Those issues were laid bare this past winter when a storm put the state in a deep freeze, causing blackouts for millions and killing hundreds of people. Sen. Ted C.....»»
Battlefield 2042’s Hazard Zone mode features extraction and buy phases
Battlefield 2042's new mode, Hazard Zone, is all about extracting hard drives to collect in-game currency......»»
Vladimir Putin Says He Accepts Crypto as a Legitimate Currency For Making Payments
Russian President Vladimir Putin signaled tolerance of cryptocurrencies, which are drawing increasing scrutiny from regulators around the world amid fears they can be used for money laundering and criminal activity. From a report: Cryptocurrency "has.....»»
Ted Cruz says bitcoin will stabilize Texas electric grid—here’s why he’s wrong
Numbers and potential incentives just don't add up. Enlarge / Texas Sen. Ted Cruz. (credit: Gage Skidmore / Flickr) Sen. Ted Cruz (R-Texas) thinks he has found a way to stabilize Texas’ electric grid in case another deep fre.....»»
US Overtakes China as Biggest Bitcoin Mining Hub After Beijing Ban
The US overtook China as the world's biggest source of bitcoin mining two months after Beijing banned crypto mining this year, new data have revealed. From a report: China's share of the global hashrate -- the computational power required to create b.....»»
Stripe Is Hiring a Crypto Team 3 Years After Ending Bitcoin Support
Payments company Stripe has begun assembling a crypto engineering team to chart its future in digital assets. CoinDesk reports: The team -- described in LinkedIn posts and job listings -- will be run by Guillaume Poncin, Stripe's former head of engin.....»»
Could Bitcoin Mining Really Provide Crucial Demand For Nuclear Power?
Gizmodo takes a hard look at a "growing sense of excitement" about collaboration between bitcoin-mining operations and nuclear power plants (which are now plagued by high operating costs compared to renewables as well as natural gas): Of the three p.....»»
US Department of Justice Creates Cryptocurrency Enforcement Unit
The US Department of Justice has created a team to investigate cryptocurrency-related crime. The Verge reports: The National Cryptocurrency Enforcement Team (NCET) will handle investigations of "crimes committed by virtual currency exchanges, mixing.....»»
Bitcoin hits strongest level since May
Bitcoin, in terms of market value, rose 4.6% to $53,859.6.It passed $50,000 mark for first time in four weeks on Tuesday. Bitcoin fell below $50,000 in early September.Bitcoin hit its highest level since mid-May on Wednesday as bulls bid u.....»»
IMF Head Says Central Bank Digital Currencies Are Reliable, Hard to Think of Bitcoin as Money
Digital currencies backed by central banks are the most reliable form of digital money, according to IMF managing director Kristalina Georgieva. At the same time, to think of cryptocurrencies such as bitcoin as money is difficult, believes the.....»»
El Salvador"s volcano-powered Bitcoin mining project produces its first currency
If that wasn't enough, the Central American country has begun diverting federal resources toward the mining of BTC. However, the country's leadership is well aware of how controversial the practice is -- crypto detractors will often point out how muc.....»»