Tag Archives: Bitcoin News

The line between banks and crypto is becoming a lot thinner thanks to republican politicians in Virginia. A new amendment will be signed into law by the state’s conservative governor Glenn Youngkin that will allow banks in Old Dominion to offer crypto assets and services to their customers. Virginia Is Plowing Headfirst Into Crypto Last week, the state senate of Virginia unanimously voted to move forward with a bill amendment that focused on digital currency custody. The...

JP Richardson – the CEO and founder of crypto wallet firm Exodus – is doing what many companies would consider unthinkable. He’s paying all his employees in bitcoin, and he’s broadcasting their salaries on the blockchain to ensure transparency. JP Richardson Is Pushing the BTC Initiative Richardson began his company in 2015. Initially, everyone working with or through the firm would be required to download separate wallets for each form of crypto they invested in. This...

Bitcoin has fallen again. After a week or so of the world’s number one digital currency rising back above $40,000 and staying within that range, it looks like the asset has taken another tumble and at the time of writing, is trading for around $39,000 per unit. Bitcoin Takes Another Dive It appears the fight between Russia and Ukraine continues to bear heavy burdens on the digital asset. While some – such as Mark Mobius – have claimed that the battle in eastern Europe is...

Crypto regulation has long been a rather controversial topic. Traders and analysts everywhere seem to be split right down the middle on it. How Necessary Is Regulation? Some of the experts out there believe it’s completely necessary, and they’re all for it. Tally Greenberg – head of business development at All Nodes – explained in a recent interview: Regulations will come up and they must come up at some point, which would stabilize the market even further. That protects...

With Russia and Ukraine taking up all the spots in the news, many are wondering what will happen with bitcoin and the world of crypto. Several altcoins and digital currencies have dropped once again now that the fighting between the two countries has allegedly intensified, and many are wondering if the world’s number one digital currency can be used as a form of financial protection. Bill Miller – a legendary investor – is still very bullish on BTC despite its recent...

A burger chain known as Shake Shack is giving crypto traders a reason to eat at its establishments. Any purchases made at a Shake Shack location using the Cash App will get rewarded with bitcoin. Shake Shack Is Experimenting with Bitcoin Customers who use the Cash App to purchase items from Shake Shack can receive 15 percent cashback on those purchases in the form of BTC, the world’s number one digital currency by market cap. Those interested can seek promotions in Cash...

Bitcoin price started a fresh increase from the $37,150 support against the US Dollar. The price is now trading above $40,000 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $39,120 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair must clear $42,250 and then $43,000 to continue higher in the near term. Bitcoin price climbed higher above the $40,000 resistance against the US...

A city in Switzerland called Lugano is taking a page right out of El Salvador’s book. The region has announced that it will make bitcoin legal tender. In other words, bitcoin can be used just like fiat currency, and businesses and companies throughout the area will be required to accept it as a method of payment. Switzerland Is Pushing Crypto Further Switzerland has long been a huge crypto advocate, which is good given that the country has a longstanding history as a...

Texas has become the go-to state for those looking to mine bitcoin and cryptocurrencies. Several miners who were shut out of their native China have gone to places like Texas to set up new shops and take advantage of its low energy prices. Texas Has Seen Its Mining Business Expand Heavily While this has been great for the economy in Texas, some are worried about the amount of electricity being used and the pressures this is putting on its grid. Lee Bratcher – president...

With the recent invasion of Ukraine by Russia, many have stated that the imposing nation is going to look to bitcoin and assorted cryptocurrencies to avoid or get around sanctions enforced by the United States and its allies. In response to this, the U.S. is now creating a special task force to prevent that from happening. Can Russia Use Crypto? Roughly two weeks ago, the world watched in shock and horror as Russia invaded its neighbor Ukraine. Thus far, several civilian...