Tag Archives: blockchain

Litecoin Gets Bullish Speculation, at Last, as Upgrade Approaches

Litecoin Gets Bullish Speculation, at Last, as Upgrade Approaches

The cryptocurrency litecoin is often referred to as the silver to bitcoin’s gold. This year, litecoin investors might have been better off staying in the analog world: While bitcoin has gained twice as much as gold, litecoin has barely kept up with silver. Some investors now foresee a rally developing in litecoin prices, with a key upgrade […]

MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’

MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’

Publicly traded business intelligence firm MicroStrategy purchased 21,454 bitcoin on Tuesday, effectively pouring all $250 million of its planned inflation-hedging funds into the digital currency. Disclosing its bitcoin buy alongside an equivalent stock buyback in a Tuesday Securities and Exchange Commission filing, MicroStrategy, a Nasdaq-listed software firm worth over $1.2 billion, said the cryptocurrency provided a “reasonable […]

California Agency Backs Green-Energy Pilot Using RSK’s Bitcoin Smart Contracts

California Agency Backs Green-Energy Pilot Using RSK’s Bitcoin Smart Contracts

Under a plan announced Friday, digital tokens will be awarded to participating businesses that cut their carbon footprint by powering electric van sharing, said Eduardo Javier Muñoz, CEO of EVShare, the startup running the pilot. The credits can then be used to pay for electricity consumption, rides and services. Mobility-related transactions will be recorded on […]

Banks in US Can Now Offer Crypto Custody Services, Regulator Says

Banks in US Can Now Offer Crypto Custody Services, Regulator Says

The Office of the Comptroller of the Currency (OCC) is letting all nationally chartered banks in the U.S. provide custody services for cryptocurrencies. In a public letter dated July 22, Senior Deputy Comptroller and Senior Counsel Jonathan Gould wrote that any national bank can hold onto the unique cryptographic keys for a cryptocurrency wallet, clearing […]

China’s Blockchain Infrastructure to Extend Global Reach With Six Public Chains

China’s Blockchain Infrastructure to Extend Global Reach With Six Public Chains

A blockchain infrastructure backed by the Chinese government will open its services to decentralized applications (dapp) developers on a global scale on August 10. The move is part of China’s plan to be the one and only infrastructure provider for blockchain firms across the world. That effort resembles the country’s aggressive international expansion in other major emerging […]

In the Aftermath of Hack, Lawmakers Blame Twitter, Not Bitcoin

In the Aftermath of Hack, Lawmakers Blame Twitter, Not Bitcoin

Wednesday’s Twitter hack would seem to spell regulatory doom for Bitcoin, which is widely distrusted in Washington. Some lawmakers – and U.S. President Donald Trump himself – associate it with crime. In 2019 Trump tweeted he is not a fan of bitcoin and that “unregulated crypto assets can facilitate unlawful behavior.” He also reportedly told Treasury Secretary Steven Mnuchin to […]

After the Twitter Hack, We Need a User-Owned Internet More Than Ever

After the Twitter Hack, We Need a User-Owned Internet More Than Ever

The dust is still settling, but July 15, 2020, already looks to be one of the worst days in Twitter’s 14-year history. A devastating hack, apparently taking advantage of internal tools, enabled hackers to take control of dozens of high-profile accounts and solicit bitcoin donations. Noteworthy was the delta between the scale of the attack and the […]

UK Fintech Firm Revolut Brings Bitcoin, Ether Trading to US Customers

UK Fintech Firm Revolut Brings Bitcoin, Ether Trading to US Customers

Revolut customers in 49 U.S. states can now buy, hold and sell bitcoin (BTC) and ether (ETH) on the digital bank’s crypto platform. The British fintech firm entered the U.S. in March and waited until it had already established its core products in the country before launching bitcoin services as well, said Revolut crypto chief Edward Cooper. Revolut gained the regulatory […]

Drop in Bitcoin ‘Whale’ Addresses Suggests Market May Be Decentralizing

Drop in Bitcoin ‘Whale’ Addresses Suggests Market May Be Decentralizing

The number of whale addresses, or those holding a large number of bitcoins, has declined to a 14-month low. However, the drop isn’t necessarily a price-bearish development and may instead indicate the distribution of bitcoin ownership is shifting. As of Sunday, there were 103 addresses holding at least 10,000 BTC – the lowest since May 2019, according […]