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Many have gone back and forth regarding how to classify bitcoin. Is it money? Is it simply a speculative asset? How can it be used, and what are most people supposed to do with it when cash and credit cards remain so prominent?Bitcoin Is Money, According to Fed SentimentAccording to economists at the New York office of the Federal Reserve, bitcoin is like an extension of fiat money. In other words, it’s not a new type of money or even necessarily a new coin. Rather, it’s being described as an...

Isaiah Jackson is the author of a book called “Bitcoin and Black America.”Jackson: The Black Community Needs New Financial PoliciesIn a recent interview, Jackson discussed what bitcoin and cryptocurrencies could potentially do to push the African American community forward. He’s adamant that the methods of America’s current financial system do not always pertain to African Americans, and he thinks the community needs its own policies and coins to do business and survive.He comments:We have...

Bitcoin is going through a strange time. As this article is being put out, the world’s number one digital currency by market cap has dropped into the $9,200 spot, meaning it has lost about $200 from its price over the past few days, but other coins – altcoins like Compound – are booming, and reserving places for themselves in the top regions of the crypto market.Compound Is Surging Like No Other CoinAt the time of writing, the Compound token has spiked by more than 250 percent, which means...

It looks like bitcoin SV (BSV) and cryptocurrency exchange Binance – the largest and most popular cryptocurrency trading platform by daily volume – are at each other’s throats.BSV Is Angry About Binance’s DecisionsThe two companies are fighting with each other over Binance’s decision last year to delist the new cryptocurrency token made popular and consistently promoted by Australian tech entrepreneur Craig Wright. Jimmy Nguyen – the president of bitcoin SV (Bitcoin Satoshi Vision) – has said...

Bitcoin vanity addresses centered on tech celebrities such as Elon Musk and Bill Gates are rather prominent at the time of writing, with those centered on Musk having collected more than $2 million in stolen funds and those regarding Gates having collected roughly $100,000 in stolen money.Crypto Scams Don’t End for Elon MuskA bitcoin vanity address is a crypto address that incorporates an actual word or name. As we all know, cryptocurrency addresses tend to be rather long and complicated....

Former national security adviser John Bolton is releasing a tell-all book about President Donald Trump this coming election.Donald Trump Attacks BTCIn the book, Bolton allegedly claims that Donald Trump wanted to “go after” bitcoin since the year 2018. For the last two years, Trump allegedly was looking to go after the cryptocurrency space and hit it hard with massive regulatory tactics that would bring unregistered crypto activity to its knees.The book – entitled “The Room Where It Happened”...

Well, well, well… It looks like after years of needless fear and concern, institutional players have a stronger presence in the crypto space than we originally thought.Institutional Players Need to Work Hard for Crypto to GrowIt has often been stated that institutional players are necessary if the cryptocurrency space is going to ever serve as a legitimate and mainstream financial marketplace. For crypto to ever rank amongst cash and credit cards, professional traders must have a hand in how...

Civic Technologies – a startup based in San Francisco – is developing a new blockchain application that will allow people to prove to their employees that they don’t have COVID-19.Civic Technologies Looks to Blockchain to Battle CoronavirusCOVID-19 – or the coronavirus, as its more commonly called – first came about in December of 2019. Developed allegedly in a Chinese lab, the virus spread like mad throughout several regions of the world including Europe, the United States and other parts of...

A former chairman of the Commodity Futures Trading Commission – Chris Giancarlo – has come to the defense of Ripple and claimed that it is not a security.Chris Giancarlo: Leave XRP AloneRipple has been at the center of a controversial class-action lawsuit for many months, now. Several early investors claim that the company has lied about the currency’s status as a non-security. One investor has even gone so far as to claim that Ripple is a never-ending initial coin offering (ICO).To be fair,...

Bitcoin cash price started a steady decline from the $260 resistance against the US Dollar.The price broke the $250 and $240 support levels to move into a bearish zone.There is a key bearish trend line forming with resistance near $236 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair remains at a risk of more losses below the $225 support unless it surges above $240.Bitcoin cash price is showing signs of bearish continuation below the $225 support against the US...