Bitcoin stronger than ever

Daily Fintech

Bitcoin hit $55,000 for the first time since mid-May, as cryptocurrency prices continue to rise in October. Bitcoin exceeded $55,833 according to Coinmarketcap on Friday. The post Bitcoin stronger than ever appeared first on Daily Fintech. Bitcoin, Blockchain, Cryptocurrencies

Hunting for Crypto Unicorns

Daily Fintech

This week, on Tuesday, Bitcoin’s price set a new all-time high of more than $50,000. This week, on Friday, Bitcoin’s market cap exceeded $1 trillion. This week, on Saturday, Bitcoin’s price set another all-time high, crossing $57,000. Bitcoin, Blockchain, Cryptocurrencies

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How Money Will Disappear

Daily Fintech

In recent months bitcoin has had a phenomenal rally and for good reason. billion worth of bitcoin, the Chinese tech company Meitu announced that it made its entry to crypto, […]. Bitcoin, Blockchain, Cryptocurrencies

Square's bitcoin business is massive

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Square Earnings Bitcoin

Bitcoin Daily: Edward Snowden Thinks China Crypto Ban Has Boosted Bitcoin; Bitcoin Inches Closer to $50K

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Edward Snowden said he thinks China’s crypto ban has been a boon for bitcoin, Decrypt reported. Snowden said he thinks bitcoin needed to become “private by design,” per the report. Bitcoin was previously down as low as 3.2% Bitcoin previously fell around 17% on Sept.

Bitcoin Daily: Bitcoin Gets Back Above $30,000; Tesla May Reverse Ban On Bitcoin

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Bitcoin could be on the way back up after a period of decline, CNBC writes. The price of bitcoin was trading at $32,765, according to numbers from CoinMetrics. Ether and XRP, while not as big as bitcoin, also rebounded, with raises of 10 percent and 7 percent respectively.

Happy Bitcoin Pizza Day!

Daily Fintech

Without a doubt, bitcoin has many memorable stories to share. One of them is the famous Bitcoin pizza story. Today, those two pizzas, often considered the first transaction in bitcoin, are worth millions of dollars. The post Happy Bitcoin Pizza Day!

Tesla and Bitcoin 

Daily Fintech

The news is extra significant because Elon Musk of Tesla is now the third CEO to invest their treasury funds into Bitcoin, following […]. The post Tesla and Bitcoin appeared first on Daily Fintech. Bitcoin, Blockchain, Cryptocurrencies bitcoin mining cleantech elon musk tesla

Bitcoin Rides George Soros Endorsement to $55K 

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Bitcoin’s price jumped almost 10% Wednesday (Oct. I’m not sure bitcoin is viewed only as an inflation hedge here,” Dawn Fitzpatrick , CEO and chief investment officer of Soros Fund Management, told CNN in an interview at the Bloomberg Invest Global Summit late Tuesday (Oct.

Bitcoin by the numbers

Daily Fintech

I’ve always been a numbers guy when it come to bitcoin’s growth, especially as we try to predict future adoption. Yesterday was bitcoin’s 12th anniversary, and since the bitcoin whitepaper has been published on 350 web sites and cited by over 1,100 scholarly articles.

Bitcoin Daily: US Tops China as Biggest Source of Bitcoin Mining; China Bitcoin Mining Hits Zero; Bitcoin ETF Might Take Until Next Year

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has beaten China as the new top source of bitcoin mining after Beijing banned the practice earlier in the year, the Financial Times (FT) reported. Meanwhile, a bitcoin exchange-traded fund (ETF), which has been highly anticipated, might not happen until next year, CNBC reported.

Reports of Fraud Mar El Salvador’s Bitcoin Journey

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In a week that saw bitcoin rocket to near previous highs, El Salvador’s own grand experiment with embracing the crypto as legal tender seems to be getting some pushback. At this writing, bitcoin is trading at more than $61,000, well within highs of roughly $64,000.

US Now Claims Bitcoin Mining Crown

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China, of course, has banned pretty much everything related to crypto — including mining — which gives the United States top berth with that part of bitcoin production. Read more: Bitcoin Falls As China Continues Halt On Mining. Cryptocurrency Bitcoin cryptocurrency international News

Square Considering Bitcoin Mining System, Dorsey Says

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The payment processing company Square is considering developing a bitcoin mining system based on “custom silicon and open source” for people and businesses all over the world. Dorsey also argued that bitcoin mining should be simplified, allowing more people to partake.

System 169

Bitcoin will Eat Everything

Daily Fintech

The post Bitcoin will Eat Everything appeared first on Daily Fintech. Bitcoin, Blockchain, CryptocurrenciesBetween 1990 and 2000 the Internet went from zero to really big numbers. During this period it had its fastest growth, growing at 63% a year.

CBDCs and bitcoin will co-exist for now

Daily Fintech

A couple of months ago, El Salvador became the first nation to adopt bitcoin as legal money. On Tuesday, companies like McDonald’s and Starbucks began accepting bitcoin, making it possible to use the cryptocurrency for everything from purchasing a cup of coffee to paying taxes.

Bitcoin Daily: SEC Approves ETF for Companies Holding Bitcoin; El Salvador Reports Over 3M Crypto Wallet Users

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The Securities and Exchange Commission (SEC) has approved an exchange-traded fund (ETF) for companies holding large amounts of bitcoin, Decrypt reported. The price of bitcoin has only been above $53,00 three times in its history. of Salvadorans use the bitcoin wallet, the report stated.

Bitcoin Exchanges Bar Chinese Users Following Ban

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Two of the world’s biggest bitcoin exchanges have stopped taking users from China in the wake of that country’s complete ban on cryptocurrency, Bloomberg reported. Cryptocurrency Binance Bitcoin china cryptocurrency Huobi international News What's Hot

Bitcoin Daily: Blockstream Raises $210M At $3.2B Valuation; El Salvador Preps 200 ATMs For Bitcoin Exchange

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Bitcoin-related technology purveyor Blockstream has landed $210 million in Series B financing that, according to the company, puts its valuation at $3.2 El Salvador Plans Bitcoin ATMs. The government of El Salvador intends over time to turn bitcoin into legal tender, Bloomberg reported.

Knock, Knock. Who’s there? Bitcoin

Daily Fintech

Bitcoin’s price hit $49,803 on Saturday afternoon, the highest it has reached since March 5, 2021. After trading between $30,000 and $40,000 for several weeks, bitcoin is nearing the key $50,000 level as it continues to climb back toward high points seen earlier this year.

2021 Bitcoin Resolutions

Daily Fintech

It’s fair to say that 2020 was a banner year for bitcoin and the entire cryptocurrency market. Economies and markets were jolted, while bitcoin surged to new record highs. The post 2021 Bitcoin Resolutions appeared first on Daily Fintech.

Mortgaging The Future, Literally, With Bitcoin 

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On the retail side of the equation, we’ve seen announcements from companies like PayPal and Tesla that they’ve brought – or will be bringing – bitcoin acceptance into the mix. I think we’re starting with bitcoin, but we’re looking at Ethereum and others," Ishbia said. "We’re

Bitcoin Daily: Bitcoin Futures ETF Trading Could Get SEC Green Light

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The Securities and Exchange Commission (SEC) could soon allow the first American bitcoin futures exchange-traded funds (ETFs) to begin trading next week, CNBC reported. Speculation that the SEC would approve the ETFs for trading helped bitcoin trade above $60,000 on Friday (Oct.

MoneyGram, Coinme to allow bitcoin to be traded for cash in person

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Bitcoin Daily: Bitcoin Breaks $63,000; Miami Nightclub To Accept Crypto

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Bitcoin’s value reached a new high of $63,729.50 to accept bitcoin and other cryptocurrencies, the Miami Herald reported. Guests will be able to reserve tables in bitcoin, ether, dogecoin, Ripple and other coins, the report stated.

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Bitcoin Drags Other Cryptos Down In Dip

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With bitcoin falling, cryptocurrency prices in general were in the red on Monday (July 19), a report from The Street says. Bitcoin was down 2.9 And Malaysian authorities recently destroyed bitcoin mining equipment which had been valued at $1.2

El Salvador Struggles in Bitcoin Debut

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El Salvador’s first day with bitcoin as legal tender on Tuesday (Sept. He has said that using bitcoin will save about $400 million a year on commissions, while also giving unbanked Salvadorans access to financial services. Related: El Salvador’s Risky Legal Tender Leap Into Bitcoin.

Is Bitcoin Worth the Risk?

Daily Fintech

The post Is Bitcoin Worth the Risk? Bitcoin, Blockchain, CryptocurrenciesOver the last few years, we’re transitioning from a process of redefining financial services, by altering the architecture that underpins our financial system.

Lightning Network grows as Bitcoin rises

Daily Fintech

With bitcoin’s value rising again, the adoption of the Lightning Network is also on the rise. The Lightning Network is a second layer on top of the Bitcoin blockchain, that enables private payment channels to be established between users. The post Lightning Network grows as Bitcoin rises appeared first on Daily Fintech. Bitcoin, Blockchain, Cryptocurrencies

Bitcoin Daily: Bitcoin Exchange Kraken Pays $1.25M to Settle CFTC Illegal Trading Charges; Former Bitcoin Developer Predicts Its End

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million to settle Commodity Futures Trading Commission (CFTC) charges that it allowed customers to illegally trade margin products related to bitcoin or other cryptocurrencies, TheStreet reported. Bitcoin Celsius Commodity Futures Trading Commission cryptocurrency Kraken loans News What's Ho

Bitcoin Daily: 20 Pct Of Bitcoin Trapped In ‘Lost’ Wallets; Goldman Says Bitcoin Is Maturing

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Goldman Sachs Global Head of Commodities Research Jeff Currie told CNBC the bitcoin market is maturing. “I Right now, only about 1 percent of the $600 billion invested in bitcoin is institutional, he said, CNBC reported.

Bitcoin Daily: Panama Eyes Making Bitcoin Legal Tender; Standard Chartered Predicts Bitcoin to Double in Value by 2022

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The bill would make bitcoin a national alternative payment method. In other news, Standard Chartered’s cryptocurrency research team has rolled out predictions that bitcoin could hit $100,000 by early 2022, Reuters reported.

Twitter Adds Strike API for Tips Paid in Bitcoin

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Twitter will use Strike’s API to allow its users to tip with bitcoin all around the globe with a Bitcoin Lightning wallet and let users in the U.S. and El Salvador — where bitcoin is now accepted as legal tender — bring in tips through their Strike accounts, the release stated.

Technical Glitches Continue to Mark El Salvador’s Bitcoin Rollout  

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We’re only a few weeks into El Salvador’s national rollout of bitcoin as legal tender – and the technical glitches continue. In some cases, according to reports, the app was down – and in other cases, the incorrect amounts of bitcoin were being transferred. Wages in Bitcoin .

Bitcoin Daily: PepsiCo CFO Comes out Against Bitcoin; China Restricts Investments on Crypto Mining; Several Bitcoin ETFs up for SEC Review

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Bitcoin has been enjoying high prices, although it isn’t in favor with Hugh Johnson, chief financial officer of PepsiCo, NewsBTC reported. While bitcoin’s price increase has some experts theorizing that more whale investors might come forth, Johnson said he thinks the opposite should happen.