Tag Archives: Bitcoin News

The city of Austin, Texas is working hard to rebrand itself as one of the biggest bitcoin and crypto hubs in the United States. The region is now creating several initiatives slated to attract a wide array of bitcoin, blockchain, and digital currency enterprises. Austin, TX Is Working on Several Crypto Initiatives The mayor of Austin Steve Adler has drafted two individual resolutions that will establish a lasting crypto sector in the city. The division will work on...

Crypto platform Okcoin is joining hands with the Stacks Foundation and the Stacks Accelerator to create what it’s calling the Bitcoin Odyssey, which will see $165 million put towards bitcoin adoption. Bitcoin Odyssey Will Push for the Adoption of Crypto Bitcoin is still very much in a “speculative” state. While there are several people out there that view the currency as a tool for getting rich and building wealth, many individuals and companies alike are nervous about...

Last week, Joe Biden issued a crypto-related executive order. It was allegedly designed to ensure agencies in the U.S. could study the effects and risks associated with digital currencies and begin implementing needed regulation. The order also potentially opened the door to a national digital currency for the U.S. For the most part, traders and analysts seemed to like the fact that the order was giving crypto regulation its start, but for men like Kevin O’Leary of...

According to a new report issued by the Better Business Bureau (BBB), scams involving crypto are now the second most prominent and risky. The BBB Publishes Crypto Scam Report In the year 2020, crypto scams were still relatively thin. While they occurred on a regular basis, they only placed seventh on the BBB list. However, in 2020, crypto scams moved into second place, suggesting that they now occur much more often than anyone could have anticipated. While crypto scams...

Switchyard Brewing Co. has become the latest establishment to accept bitcoin as a method of payment. Switchyard Brewing Is Excited About Crypto Located in Indiana, Switchyard is the first brewery in the area to make the transition to crypto. The primary executive of the company, Kurtis Cummings, doesn’t expect all his patrons to immediately flock to BTC to purchase beer and food, though he is excited about being part of what he feels is a growing trend, and he’s happy to...

Michael Saylor – the CEO of software giant MicroStrategy, arguably the biggest institutional bitcoin bull around – has stated that bitcoin’s scarcity is ultimately what makes the currency the strongest asset in the world, right now. He says nothing – not even gold – can compare to bitcoin because it is the only thing that cannot be created indefinitely. Michael Saylor On Bitcoin’s Scarcity In a recent interview, Saylor described bitcoin as a “magical” asset given that...

It is clear the recent executive order signed by Joe Biden regarding crypto regulation that everyone was so excited about isn’t enough to keep the bitcoin price flying high. At that time, the asset rose to about $43,000, which while not great, was considerably higher than where it had been in recent days. Now, it looks like the currency has dropped to a low of $39,000 per unit. Thus, Biden does not possess the magic that so many analysts seemed to think he had. The...

Bitcoin price started a fresh decline from the $42,600 zone against the US Dollar. The price is now trading below $40,000 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $40,100 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair must clear $40,000 and then $40,800 to start a fresh increase in the near term. Bitcoin price is struggling to settle above the $40,000 resistance against the...

Somewhere Nowhere is a nightclub that’s based in New York. What makes this business so special, other than the fact that it’s NYC’s tallest lounge area? It’s going to begin accepting cryptocurrency payments from patrons. Somewhere Nowhere Pushes the Goals of Crypto While many digital assets have taken on speculative forms in recent years, the fact remains that they were all initially designed to serve as payment methods. People were supposed to be able to use bitcoin and...

There are plenty of people out there who don’t like bitcoin. No matter how strong the cryptocurrency becomes, no matter how big it gets or how many people use it, there will always be individuals who don’t believe in the asset’s abilities. As it turns out, one of those people is Bill Gates, the co-founder of tech giant Microsoft. Bill Gates Isn’t Crazy About BTC While Gates is not necessarily anti-crypto, he recently gave an interview discussing how risky it was, and he...