Tag: bitcoin

cryptocurrency news

Tesla Stops Car Purchases Using Bitcoin, May Make Another Crypto Investment

Electric car company Tesla Inc. has suspended purchases of its cars using Bitcoin over energy usage concerns. “We are concerned about the rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,” tweeted Tesla CEO Elon Musk yesterday. The Palo Alto-based company announced in February that it had purchased $1.5 billion worth of Bitcoin. … Continue reading Tesla Stops Car Purchases Using Bitcoin, May Make Another Crypto Investment

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bitcoin price

Bitcoin Price Jumps Towards $10k

It is spring in the middle of winter. Bitcoin price, which floundered in the $7,000 range for most of December, is decisively marching towards $10,000 this month. The last time that it traded at that price level was in September last year. As of this writing, the original cryptocurrency is changing hands at $9,299.72 per pop, up approximately 3.2% from yesterday’s price. The increase is … Continue reading Bitcoin Price Jumps Towards $10k

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cryptocurrency news

Samsung Adds Bitcoin Support to Blockchain Keystore SDK

Samsung’s S10 has now added support for Bitcoin in its Blockchain Keystore SDK. In simple terms, this means that wallets on Samsung’s device will support Bitcoin and Ethereum.  It also means that apps on Samsung’s device will be able to integrate crypto payment mechanisms. An SDK is used by developers to build applications for the device. Samsung also announced support for Klay, a cryptocurrency used … Continue reading Samsung Adds Bitcoin Support to Blockchain Keystore SDK

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cryptocurrency news

Study Finds Only Two Percent of Bitcoin Transactions Are Illicit

Since it was introduced to the world ten years ago, Bitcoin has garnered a reputation for being an attractive medium for criminals, leading even legendary investor Warren Buffett to declare the cryptocurrency as “rat poison squared.” That reputation has not been earned without merit. A 2018 study by researchers at the University of Oxford found that 44 percent of all transactions on Bitcoin’s blockchain were … Continue reading Study Finds Only Two Percent of Bitcoin Transactions Are Illicit

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cryptocurrency news

Payments Company Square Loves Bitcoin

What can Bitcoin do to earnings statements? Quite a lot, apparently. In its earnings report Thursday, payments company Square revealed that it generated $2 million in profit from its Cash App due to a rise in sales from an increase in Bitcoin’s price. The app allows users to buy, sell, and deposit Bitcoin. Jack Dorsey, CEO of the company and Twitter co-founder, told analysts that … Continue reading Payments Company Square Loves Bitcoin

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cryptocurrency news

Trump Criticizes Bitcoin, Crypto, and Facebook’s Libra

Given the eclectic choice of subjects on his Twitter feed, President Trump was bound to weigh in on Bitcoin and cryptocurrencies sometime.  Late last evening, after Fed chief Jerome Powell’s House testimony included comments on Facebook’s Libra, Trump sent out tweets expressing his displeasure at cryptocurrencies. Predictably enough, he is not a “fan” of cryptocurrencies and contrasted their value with that of the United States … Continue reading Trump Criticizes Bitcoin, Crypto, and Facebook’s Libra

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bitcoin, cryptocurrency news

AT&T Goes Crypto, Begins Accepting Bitcoin for Bill Payments

Telecom giant AT&T announced yesterday that it has begun accepting Bitcoin for bill payments. The company has partnered with bitcoin payments company BitPay to facilitate the transactions. According to Kevin McDorman, vice president, AT&T communications, AT&T already has customers who use cryptocurrency. “…we are happy we can offer them a way to pay their bills with the method they prefer,” he stated in a press … Continue reading AT&T Goes Crypto, Begins Accepting Bitcoin for Bill Payments

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crypto prices, cryptocurrency news

Two Reasons Crypto Prices Shot Up This Week

After weeks of floundering about in a decline, cryptocurrency markets gained $40 billion in two days. Bitcoin led the rally in crypto prices with two bumps in its price in less than five days. In the first instance, it vaulted 8.5% to $6408 in five hours on Friday night. But that was not the end of its rally. On Monday, it pushed another 4.4%, rising … Continue reading Two Reasons Crypto Prices Shot Up This Week

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cryptocurrency news, regulation

Bitcoin Is Not A Security: SEC Chairman Jay Clayton

Even as his agency cracks down on token offerings, SEC Chairman Jay Clayton is letting bitcoin off the hook. Clayton, who has been vocal about regulating tokens as securities, told CNBC in an interview that cryptocurrencies do not qualify as securities under current SEC provisions. “Cryptocurrencies…are replacements for sovereign currencies, (they) replace yen, US dollar, Euro with bitcoin. That type of currency is not a … Continue reading Bitcoin Is Not A Security: SEC Chairman Jay Clayton

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Bitcoin Price Continues Falling As Bad News Piles Up

A flurry of negative news in the last couple of days seems to have taken a toll on bitcoin’s price. The cryptocurrency, which almost touched $20,000 in December retreated to below $8,000 earlier this week and even may have room to fall further. At 15:16 UTC, the price of a single bitcoin was $7,538.98, a steep decline of 7.28% from its price 24 hours ago. … Continue reading Bitcoin Price Continues Falling As Bad News Piles Up

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bitcoin, bitcoin price, crypto prices, cryptocurrencies, cryptocurrency news, Cryptocurrency Prices, ethereum, icos

Bitcoin Price Skedaddles On News Twitter Might Ban Crypto Ads

Traders swung between the optimism and gloom over bitcoin’s future prospects as cryptocurrency markets crashed below $300 billion before recovering this morning. The price of a single bitcoin, which had been on a steady decline since the middle of last week, wobbled to $7,370 Sunday morning. At 15:05 UTC, it had recovered to $8,635. The top 10 most-valuable cryptocurrencies mirrored bitcoin’s price trajectory. After a … Continue reading Bitcoin Price Skedaddles On News Twitter Might Ban Crypto Ads

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bitcoin, bitcoin innovation, lightning network

First Version Of Lightning Labs Software Released

Lightning Labs has launched a beta version of the first tested version of its software for Lightning Network, the technology which is expected to solve bitcoin’s scaling problems. The software is called LND and uses bitcoin and litecoin currently. Lightning Network decreases transaction costs and increases their speeds by making it possible to open channels between two transacting parties. These channels, which conduct transactions off … Continue reading First Version Of Lightning Labs Software Released

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bitcoin price, crypto prices, cryptocurrencies, cryptocurrency news

Bitcoin Price Holds Steady, May Fall Further

Cryptocurrency markets continued their free fall for most of yesterday, dropping to as low as $318.1 billion at 21.57 UTC before recovering this morning. At 15:22 UTC today, they were worth $336.1 billion. The price of a single bitcoin rose slightly from 24 hours ago. At 15:47 UTC, the cryptocurrency was changing hands at $8465.42, an increase of 2.52% from the same time yesterday. It … Continue reading Bitcoin Price Holds Steady, May Fall Further

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