Cryptocurrency
In the wake of Google and Facebook placing bans on cryptocurrency ads social giant Twitter has decided to follow suit — despite moves by its own CEO to promote Bitcoin with little reservation. Sky News reported that the social media giant is preparing a ban that would prohibit all advertisements from the sector. There has been […]
Billionaire Peter Thiel, a co-founder of PayPal and early investor in Facebook, says that Bitcoin has tremendous value as a store of wealth and not as a currency — but he is still banking on it in a big way. “I would be long Bitcoin, and neutral to skeptical of just about everything else at […]
French financial regulators have blacklisted 15 cryptocurrency websites, mirroring a move undertaken by Belgian authorities a month ago. The French claim that the websites in question have been pushing investments that violate both European and French law. France’s financial market authority, the AMF, took measures to remind the public that cryptocurrency businesses fall under […]
In a surprising statement, Twitter CEO and co-founder Jack Dorsey says that he believes that in 10 years or less everyone in the world will be using Bitcoin. “The world ultimately will have a single currency, the Internet will have a single currency. I personally believe that it will be Bitcoin,” Dorsey told London news […]
A new, high-profile report from Congress calls on lawmakers and industry pioneers to cooperate on the new technology’s use, signaling a sharp turn toward possible acceptance of crypto at the highest levels of government. The 2018 Joint Economic Report includes an entire section dedicated to cryptocurrencies and blockchain, the first time crypto has been taken seriously […]
Mining for Bitcoin is now a “break even” endeavor at best and unprofitable at worst, according to a new report from analytics firm Fundstrat. Instead, it may prove more profitable to buy existing cryptocurrencies and then strategically trade their value on the various coin exchanges. “Bitcoin currently trades essentially at the break-even cost of mining […]
Everyone from working families to retirees worries about how to pay for medical expenses. That’s why health spending accounts (HSAs) — which allow tax-deferred savings for medical needs — have become an exceedingly popular investment opportunity. That’s right — investment. Many financial planners now see HSAs as a way to address their clients future medical […]
Financial news wire Reuters says it will be using online chatter-analyzing algorithms to track sentiment about cryptocurrencies on hundreds of investment, news and social media websites. Reuters will launch the “Bitcoin sentiment gauging index” in partnership with MarketPsych Data LLC. MarketPsych Data is a financial and investment behavior research company that analyzes more than 2,000 […]
Binance, the largest cryptocurrency exchange in the world by trading volume, is working on a decentralized crypto exchange. A decentralized exchange, built on a public blockchain, would greatly reduce the risk of hacking. Binance processes 1.4 million transactions per second, and about $1.5 billion in volume daily. “Centralized and decentralized exchanges will co-exist in the near […]
Bitcoin is charging headlong into the world of real estate. The cryptocurrency, which is currently accepted by over 100,0000 merchants across the globe, is now being used in property transactions throughout the United States. The only legal requirement is that the buyer and seller agree to the use of Bitcoin to pay for the sale. In […]
