Tag Archives: Bitcoin News

More and more companies out there are looking to pay their younger workers in crypto as a means of keeping them aboard. Why More People Are Getting Paid in Crypto One example comes in the form of Stephen Gerrits, who is a senior at Clemson University in South Carolina. He has a part-time job with a startup and gets paid in crypto, something he’s clearly pleased about. He said in a recent interview: Why not take the chance or the opportunity to kind of strike it rich, get...

Eco Penguin – a company designed to offset carbon emissions in the crypto industry – is partnering with a non-profit company known as Carbon Offsets to Alleviate Poverty (COTAP). It is the first carbon-offsetting company to accept crypto as a method of payment. Eco Penguin Is Hoping to Limit Carbon Emissions from Crypto The goal is to help all crypto firms accept responsibility for the damage they allegedly cause to the environment. This has been a heavy topic over the...

2021 was the year for crypto. Between bitcoin hitting the ultimate high of roughly $68,000 per unit last November and Pro Shares unveiling its new bitcoin-based exchange-traded fund (ETF), it can be argued that this was the ultimate time for digital currency transactions. However, with such developments came a crud-load of illicit activity, and 2021 saw the highest amounts of crypto fraud and theft ever recorded in the history books according to blockchain analysis firm...

The Buffalo History Museum has agreed to accept donations in the form of cryptocurrency, a growing trend as of late. The Buffalo History Museum Is Open to Crypto There are several benefits to crypto donations which fall upon the giver and the receiver. For one thing, all crypto donations – just like those that are done through cash or a credit card – are completely tax-deductible. You can write the deduction off on your taxes and basically get money back or lessen what...

SPC Miner – a crypto mining rig manufacturer that has its headquarters in the United Kingdom – has announced it’s going to start mining digital currencies in Kazakhstan. As the world’s biggest landlocked country, Kazakhstan offers the company the space and resources it needs to already begin setting up its new S21 mining rigs throughout the nation. Kazakhstan Is the New Go-To Place for Mining Projects Kazakhstan has become something of a central bitcoin mining hub for...

The U.S. government has a big stockpile of bitcoin stored in a secure wallet somewhere. This bitcoin has been garnered through closing down criminal operations and seizing the assets they had in their possession. All this money eventually gets sold off through private auctions. What Does the Government Do With All the Stolen Bitcoin It’s Recovered? One such auction occurred in the year 2018. Riot Blockchain purchased roughly 500 bitcoin units for approximately $5...

Bitcoin has come a long way in the short time it’s been here. However, it was initially designed to diversify wealth and limit the gap between the haves and have nots by giving people the financial freedom and independence they had always wanted. Sadly, things haven’t quite turned out that way, as it appears a wealthy one percent – just like we see in standard finance and business – controls much of the world’s bitcoin supply. Bitcoin Hasn’t Distributed Wealth Evenly A...

After touting a new bill that would potentially regulate crypto and declare it a new financial sector within the country’s borders, India has announced it will not be moving forward on the bill at this time. To be fair, this doesn’t mean a ban will be put in place. It just means officials are delaying a decision that was supposed to be made during this winter season in India’s Parliament. India Has Hit a Standstill News emerged less than a month ago that India had...

The city of Jackson, Tennessee is introducing a new program that will allow city workers to accept their paychecks in the form of cryptocurrency. Jackson Is Taking a Digital Route This will be the first time an American city has ever worked such a program into its payroll system. City employees who take part in it will be permitted to accept cryptocurrency for the work they do according to Mayor Scott Conger, who is the man behind the new initiative. He’s confident that...

Senators Pat Toomey and Cynthia Lummis should sound familiar to most crypto fans out there. They are both Republicans from the states of Pennsylvania and Wyoming respectively, and they are both doing all they can to raise awareness regarding crypto in America. They both sit on the Senate Banking Committee and are some of the only members of Congress who own crypto. Some Members of Congress Are Very Excited About Crypto At the time of writing, it is estimated that Lummis...