Tag: bitcoin

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

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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… Read More Samsung Adds Bitcoin Support to Blockchain Keystore SDK

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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… Read More Study Finds Only Two Percent of Bitcoin Transactions Are Illicit

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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… Read More Trump Criticizes Bitcoin, Crypto, and Facebook’s Libra

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

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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,… Read More Bitcoin Is Not A Security: SEC Chairman Jay Clayton

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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… Read More Bitcoin Price Skedaddles On News Twitter Might Ban Crypto Ads

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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… Read More First Version Of Lightning Labs Software Released

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