Blockchain Cryptocurrency News

North Korean Crypto Social Media Monitoring on the Rise

Recent reports by the South Korean press warned that North Korea might be expanding its crypto social media monitoring.  Yesterday’s report by NK Economy claims that North Korean firm Marine Chain is actively keeping an eye on leading names in the crypto and blockchain space This would not have mattered for most other companies, but Read more…

Bitcoin Cryptocurrency News

Bitcoin Mining in North America: A New Gold Rush in the New World

The phones are ringing off the hooks at the New York offices of BitOoda, a financial services and brokerage firm that advises bitcoin mining companies and investors in the bitcoin space on investment strategies and risk management. Ryan Porter, head of business development at BitOoda, told Bitcoin Magazine that there’s lots of interest, including from Read more…

Bitcoin Cryptocurrency News

Bitstop Installs One-Way Bitcoin ATMs In Simon Malls

Bitstop, a Bitcoin Automated Teller Machine (ATM) operator, has partnered with Simon Malls, one of the biggest shopping mall operators in the United States, to install Bitcoin ATMs across California, Florida and Georgia. According to the November 26, 2019, announcement, Bitstop’s ATMs are now live in five Simon Malls locations. The company’s chief executive and Read more…

Bitcoin Cryptocurrency News

Top 5 Common Misconceptions About Bitcoin

75% of US adults have heard about Bitcoin. But their information doesn’t always come from reliable sources. Whether they believe it’s magic internet money or a vehicle for drug lords and pedophiles, here are the 5 biggest Bitcoin misconceptions around. The Most Common Bitcoin Misconceptions 1. Bitcoin Is Anonymous It’s not surprising that one of Read more…

Bitcoin Cryptocurrency News

Layer1 Secures $50M in Funding to Rebalance the Global Bitcoin Hash Power

Layer1, a cryptocurrency infrastructure platform, has secured $50 million in series A funding in a bid to revolutionize the bitcoin mining space in the U.S.  According to a Layer1 blog post published on October 15, 2019, the funding (which values the company at $200 million) came from legendary investor Peter Thiel, among others. This isn’t Read more…

Blockchain Cryptocurrency News

“Bank for Banks” Working On Prototype Crypto Asset

BIS & SNB Working On Crypto Announced in a document published Tuesday, the Swiss National Bank and the Bank for International Settlements, the so-called “Bank for Banks”, are looking to begin work on a blockchain-based crypto asset. The document stated: “[It] will examine the integration of digital central bank money into a distributed ledger technology Read more…

Bitcoin Cryptocurrency News Market

Venezuelan Central Bank Considers Adding Bitcoin to Balance Sheets

Despite operating its own largely unsuccessful, state-backed cryptocurrency, the petro, the central bank of the Bolivarian Republic of Venezuela is also considering adding bitcoin to its balance sheets, giving state institutions the ability to settle payments in cryptocurrencies. Cryptocurrency mining has been especially popular in Venezuela for several years, due to factors such as the Read more…

Bitcoin Cryptocurrency News

Bitcoin Bulls Welcome Trump’s Call for Negative Rates

US President Donald Trump on Wednesday urged the Federal Reserve to cut interest-rate down to zero or even steer in negative rates. Meanwhile, investors in the bitcoin market embraced Trump’s comments excitedly, believing they are bullish for the cryptocurrency.  Yoni Assia, the founder & CEO of eToro, said a lower interest rate “should drive bitcoin Read more…

Bitcoin Cryptocurrency News

VanEck SolidX Bitcoin Trust Falls Flat on Expectations

VanEck has been offering “forward-looking” strategies for over half a century. But its VanEck SolidX Bitcoin Trust ETF for institutional investors looks to be a non-starter. VanEck has been in and out of the headlines in the Bitcoin circle for some time now since it submitted first highly scrutinized and hotly anticipated Bitcoin ETF proposal Read more…

Bitcoin Cryptocurrency News Market

Today Marks the 2nd Anniversary of China’s Bitcoin Ban, What Has Changed?

Two years ago, on September 4, 2017, the People’s Bank of China (PBOC) shut down local cryptocurrency exchanges over concerns that unregulated assets like bitcoin allow residents to bypass strict capital controls.   Not-So-Happy Anniversary Despite the formal ban, Chinese traders have continued to explore methods to trade bitcoin and similar cryptocurrencies, often by using Read more…