Tag Archives: Bitcoin News

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...

Crypto prices are falling heavily at press time, with bitcoin – the world’s number one digital currency by market cap – dipping into the low $46,000 range. Bitcoin Is Having an End-of-Year Crisis The slide in crypto prices began a couple weeks ago, with many analysts blaming the new surge in COVID cases for the dip amongst digital currencies. Since last week alone, bitcoin has fallen by more than three percent, while other competing altcoins such as Ethereum have fallen...

China made headlines this year when it decided to end all bitcoin and crypto mining projects within its borders. However, while many of the miners in the country decided to leave or call it quits, there are many others that felt they should stick around and carry out their mining projects in secret. They’re now running an underground mining ecosystem, and they’re hoping every day that the authorities don’t find out about what they’re doing. China Has Ended Crypto Mining,...

Who would have ever thought that blockchain and real estate could make such a fantastic couple? Real Estate and Crypto Are Becoming Serious Partners There are many instances of real estate being recorded to the blockchain, but it’s quite rare when someone purchases a piece of real estate with cryptocurrency. However, these instances do occur, such as a recent transaction in the city of Miami, Florida. Someone recently purchased a $22.5 million Miami Beach condo with...

Bitcoin has come a long way in a relatively short period, but for some, the world’s number one digital currency by market cap has no place in the future of finance. They are convinced the currency will not last much longer. That’s a direct quote from Eswar Prasad, the senior professor of international trade policy at Cornell University. Eswar Prasad Thinks Bitcoin Doesn’t Have Much Going for It Bitcoin first emerged through a whitepaper that was published in the year...

Grupo Elektra – a company headquartered in Mexico – has announced that it will begin accepting bitcoin as a form of payment. Users can now make purchases with the world’s number one digital currency by market cap, bringing the asset closer to its initial goal. Grupo Elektra Is Willing to Take a Chance on BTC The news is big in that bitcoin and many other forms of crypto were initially designed to serve as payment methods. They were built to push things like checks,...