Tag Archives: Bitcoin News

The U.S. Justice Department is establishing a new division that will look specifically into cryptocurrency crimes such as money laundering and theft. The Justice Department Seeks to Have a Hand in Regulation The idea of regulating the crypto space has been on the tables of many global leaders over the past several years. The trouble is that very few of these leaders have ever gotten around to doing something, which has ultimately proven to be both bad and good at the...

The bitcoin and cryptocurrency spaces are really starting to pick up speed. At the time of writing, the world’s primary digital currency by market cap is trading for just over $54,000, which is about $4,000 higher than where it was just a few weeks ago. Bitcoin Continues to Make Its Mark On the World The currency typically experiences bearish activity in September. In 2020, for example, the currency fell to about $10,000 per unit from $12,000 during the previous month....

People are seeking to use cryptocurrencies like bitcoin and Monero to escape jihad-controlled regions of the Middle East. Bitcoin Is Playing a Big Role for Those Looking to Escape the Middle East One such example is a girl simply known as “Sara.” This woman is a European affiliated with Isis. She is presently living in a camp in northeast Syria and is desperate to escape. Through an encrypted application, she put out the following message to anyone who would be able to...

Donald Trump – the 45th President of the United States – doesn’t want other currencies coming in and threatening the U.S. dollar. This includes bitcoin. Donald Trump Doesn’t Want the U.S. Dollar Threatened Trump has not always been friendly to bitcoin. He made several disparaging comments about the digital asset in 2019 that saw many people react negatively and lash out on Twitter. His comments were: I am not a fan of bitcoin and other cryptocurrencies, which are not...

Tesla fans can once again purchase their next vehicles with crypto, though it really has nothing to do with Elon Musk. You Can Buy a Tesla with Crypto, But Musk Isn’t Involved The payment protocols come by way of a new company called Car for Coin, a digital currency marketplace designed to help crypto collectors purchase exotic and rare vehicles with their assets. Among the vehicles for sale on the site are Lamborghinis and, of course, electric Teslas. While there is...

As the former Securities and Exchange Commission (SEC) chairman, Jay Clayton oversaw the financial agency for approximately four years. He came down hard on the industry many times, and initiated penalties to companies that claimed their securities were mere “tokens” or “coins” that the SEC held no jurisdiction over. Jay Clayton On the Future of Crypto However, despite this hardcore attitude, Clayton is quite positive about the future of crypto. He thinks that blockchain...

Clothing provider Pacsun has agreed to accept digital currency payments for goods and services. The company is just the latest in a string of firms to say “yes” to cryptocurrency payments and thus is pushing bitcoin and its digital counterparts closer towards their initial goals. Pacsun Says “Ok” to Crypto Payments While bitcoin and its crypto cousins have long served as speculative assets that traders can potentially get rich from, these currencies were initially...

A gold coin with a denomination of approximately 1,000 bitcoins was purchased in 2011. This is when bitcoin wasn’t trading for anywhere near the price it is at today. At the time, the coin was worth about $4,900. It stayed in a desk drawer for many years, ultimately forgotten about and lost to time. A Gold Coin and Bitcoin Fused Into a Special Asset However, now its owner – who wishes to remain anonymous – has pulled it out of that desk drawer and has had the currency...

It looks like the need to cater to institutions’ growing desire for crypto is getting bigger and bigger amongst standard financial institutions. U.S. Bank has just announced that it is unveiling a new crypto custody service that fund managers can use to store both private keys and digital assets. U.S. Bank Potentially Sees Crypto as Important The idea of banks and crypto mixing is an unusual one, primarily because they are both so different. For one thing, banks seek to...

Bitcoin has hit $50,000 per unit once again. The world’s number one digital currency by market cap has surged in recent days to a figure that it hasn’t seen in quite some time. Bitcoin Is Spiking Like Never Before As we have witnessed in the past, September tends to be rather bearish for bitcoin. This was never more evident than in 2020 when the digital currency – which was trading for about $12,000 per unit during August of that year – fell to about $10K just a month...