Bitcoin News

Central Banks Clear Cross-Border Transactions With Blockchain for the First Time

While Bitcoin has enthused millions of investors and consumers who see its usefulness in processing financial transactions, financial institutions and government authorities have generally been less enthusiastic. That’s particularly the case with central banks, which naturally feel threatened by the threat that Bitcoin poses to their monopoly on currency issuance. So while central banks haven’t been swift to pick up on the trend towards adoption of cryptocurrencies, they’ve been a little better about researching the technology behind Bitcoin: blockchain. To [...]

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More and More People Hearing About Bitcoin

With the surge in Bitcoin’s popularity in late 2017 you would think that the whole world had heard about Bitcoin by now, but there are many people who still haven’t. Thankfully that number of people who haven’t heard of Bitcoin continues to decrease year by year. Overall the number of people who have heard of Bitcoin is at 89%, up from 77% in 2017. Even better, that result is roughly the same for all age cohorts, with every age [...]

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Tax Refunds Now Available in Bitcoin

One of the best ways for any currency to become generally accepted is for it to be used as a payment for taxes. That’s been the case with underweight metal coins, paper currency, and a whole host of other fiat money. And while Bitcoin has been accepted for tax payments by a handful of states and localities within the US, it has yet to gain acceptance as a payment for federal taxes by the IRS. But now Bitcoin has [...]

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Security Remains Paramount When Investing in Cryptocurrencies

When most people are asked what their biggest obstacle to investing in cryptocurrencies is, cybertheft is inevitably the top reason. No one fears their bank account or investment account being hacked by cybercriminals, but everyone fears their Bitcoin or other cryptocurrency investments being hacked by thieves. There’s good reason for that too, as cryptocurrency theft remains a major concern throughout the industry. The best estimates for losses due to cryptocrime are on the order of $1.2 billion during the first [...]

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Treasury Bond-Backed Stablecoins: What’s the Point?

Many investors are still put off by the relative volatility of cryptocurrency markets and of cryptocurrency prices. And while Bitcoin investors are benefiting today from upward price movement, volatility in the other direction is naturally worrisome. That has helped contribute to the development and popularity of so-called stablecoins, cryptocurrency tokens that are fully backed by some supposedly stable asset. While most stablecoins have been backed by fiat currency such as the US dollar, a new stablecoin is looking to get [...]

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Bitcoin Price Rockets on Safe Haven Trading

The major news impacting markets this week was President Trump’s decision to introduce tariffs on all Chinese imports. Existing tariffs will rise from 10% to 25%, and all imports that previously were exempt from tariffs will have new tariffs placed on them. China retaliated by placing tariffs on $60 billion worth of US exports to the country, leading to fears that the trade war will heat up significantly. It’s probably no surprise, then, that Bitcoin’s price skyrocketed in the aftermath [...]

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Are Chinese Investors Behind the Latest Crypto Surge?

After languishing under $4,000 for much of the year, Bitcoin has really taken off in price over the past few weeks, and just recently broke through the $6,000 barrier. But while there are numerous contributing factors for that strong price growth, there’s one factor that has gotten significantly less publicity. However it’s an important factor that should remind investors and Bitcoin users of one Bitcoin’s original purposes for its creation. One of Bitcoin’s major benefits is its ability to allow [...]

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Bitcoin Trading Continues to Reach the Mainstream

It seems like only yesterday that Bitcoin trading began on financial markets. The first futures markets for Bitcoin opened in December of 2017 to great fanfare. But since that time new developments in Bitcoin trading have been few and far between. Proposals for Bitcoin exchange traded funds (ETFs) have languished before regulators for months and months, continually failing to gain approval and having to be resubmitted. But now Bitcoin’s recent price rise has spurred some new plans to enhance [...]

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Want to Turn Physical Coins Into Bitcoin?

Many people may not have known it before, but coin machine operator Coinstar has partnered with Bitcoin ATM provider Coinme to allow people to purchase Bitcoin at Coinstar machines. The initial trials that began earlier this year were so successful that Coinstar is expanding the Bitcoin purchase ability to over 2,000 kiosks in 19 states. That means that customers will now be able to purchase Bitcoin at roughly 10% of Coinstar’s kiosks nationwide. The downside to the Bitcoin purchases is [...]

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Bitcoin vault

Cryptocurrency Insurance: Is It Really Worth It?

One of the most prevalent fears among cryptocurrency investors is that of hacking. It seems that every day brings new reports of thieves attempting to steal from cryptocurrency investors and companies. Whether it’s cryptojacking, phishing, or outright hacks, there are numerous ways for criminals to get their hands on crypto assets that aren’t adequately secured. And with so many Bitcoin investors and users keeping their assets in online “hot” wallets, the pool of assets ripe for the picking won’t [...]

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