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Tag Archives: Bitcoin News

Square Has Lost a Lot of Bitcoin These Past Few Months

With bitcoin having lost so much of its value in recent weeks, institutions that bought into the asset earlier in the year have ultimately seen their investments begin to tank. Not long ago, we reported that Tesla saw approximately $1 billion in BTC disappear since it first plugged about $1.5 billion into the asset back in February. While other companies may not have lost as much, they are certainly keeping up the losing patterns, with Square having recently joined the...

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Bitcoin Activity in Nigeria Just Keeps Getting Bigger

Moses Awa is a business owner in Nigeria. As a textile importer, Awa said that his government banning access to foreign exchanges caused him to panic. He had worked very long and hard as an importer of Chinese shoes, but the government’s prevention of capital could have stopped his business in its tracks altogether. Nigeria Has Become a Major Bitcoin Haven He says: It was a serious crisis, and I had to act fast. To get things back up to speed, Awa turned to his brother,...

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Nick Sears May Be One of the World’s Youngest Bitcoin Miners

At 19 years of age, Nick Sears could be one of the youngest people in the world to be making a career out of bitcoin. Two years ago, Sears built a bitcoin mining farm in Washington, and has made this farm his business ever since. He is looking away from the traditional college route and considering a future in which he devotes himself entirely to the world’s number one digital currency by market cap. Nick Sears Says “Bye” to College, “Hello” to BTC Mining Right now,...

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MicroStrategy: We Will NEVER Stop Buying Bitcoin!

Bitcoin has been suffering heavily as of late. Yes, the currency has managed to touch $40,000 once or twice during the past week, but the asset is still considerably lower than where it was in April of this year – a time that saw the world’s number one digital currency hit a new high of roughly $64,000 per unit. Despite the gloom and doom surrounding BTC, MicroStrategy and its CEO Michael Saylor have no interest in turning their backs on the asset and have announced more...

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Miami Is Set to Get Its Own Cryptocurrency This Month

Miami mayor Francis Suarez has long been a bitcoin and cryptocurrency fan. He has proposed paying city workers in the world’s largest digital currency by market cap, and he has also tried to entice China’s exiting bitcoin miners to come to his region to start businesses and take advantage of the area’s many tax benefits. Miami Is Heading Deeper Into Crypto Territory However, now he’s taking his affection for digital currency to the next level. In a recent press release,...

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Jordan Belfort: Crypto Needs Strong and Sturdy Regulation

For the most part, analysts seem mixed on the idea of crypto regulation. Several of them claim that more regulation would hinder the space and lead to a lack of innovation. They also say it could get in the way of privacy and financial independence. However, there are some money-minded figures out there – like Jordan Belfort – who believe regulation would have the opposite effect and allow bitcoin and crypto to soar like they never have. Jordan Belfort Is All for Crypto...

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Genesis Digital Assets Gets Its Hands on a Lot of Money

Genesis Digital Assets – one of the world’s largest crypto mining operators – has garnered more than $125 million in new funds. The money came through a funding round led by London-based private equity firm Kingsway Capital. Genesis Digital Assets Garners More than $100 Million in Funds The crypto mining scene has been at the heart of much controversy in recent months. While the space is necessary to ensure more crypto units wind up in circulation, there are many...

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Kraken Exchange Donates $300K to University of Wyoming

Kraken – a popular cryptocurrency exchange based in San Francisco, CA – has partnered with the University of Wyoming to ensure all future tech students get the resources they need for positions in the growing crypto space. Kraken and Wyoming Continue Their Working Relationship Kraken says it will offer scholarship support to students pursuing PhDs at the university. It will also work with college professors to create programs for students in the K through 12 range that...

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“Joseph,” an Anonymous Crypto Investor, Loses More Than $300K in Online Scam

It’s happened again, folks. Another major cryptocurrency scam is in the books, and a man simply going by the name of “Joseph” is the 70-year-old victim sadly paying the price. Joseph Has Lost Some Serious Dough Joseph ran his own business for many years and saved up a lot of money for his retirement. At 70 years of age, he was looking to the days where he could kick back and possibly purchase a mortgage-free bungalow that would allow him and his wife to enjoy their...

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Idan Abada Shows Just How Easy It Is to Be a BTC Miner

Idan Abada is a man who lives in Los Angeles. Getting into bitcoin a few years back, Abada has made a real name for himself in the mining sector of the crypto space, though the circumstances surrounding his situation are quite unique. Idan Abada Is Running a Successful – and Simple – Mining Rig Normally, we hear of people running mining rigs that consist of many machines. They are all lined up in rows in a large warehouse somewhere as they work tirelessly to extract new...

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