Macroeconomic pressures and a lack of progress in regulation are among the factors that led to the recent decline in the price of Bitcoin, CoinDesk reported Monday (Nov. 24), citing analysts from Deutsche Bank. Bitcoin ended last week with a Nov. 21 price of about...
A bill introduced Thursday (Nov. 20) in the U.S. House would allow Americans to use Bitcoin to pay federal taxes and would direct those payments into the Strategic Bitcoin Reserve. The Bitcoin for America Act (H.R. 6180) was introduced by Rep. Warren Davidson (R-Ohio) and...
More than 80% of the world’s bitcoin ATMs are found in the United States. And as noted in a Financial Times opinion piece Friday (Sept. 5), these ATMs appear to be clustered in Black, Latino and lower-income communities, similar to payday lenders and check-cashing operations....
Strategy, the software-firm-turned-bitcoin-treasury-pioneer, reportedly qualified for a potential S&P 500 listing. The milestone followed a strong second quarter for Strategy, which earned $10 billion in net income and saw continued growth in its Bitcoin holdings, CoinDesk reported Monday (Sept. 1). Strategy has met all the...
The crypto space runs, in many ways, on the belief espoused by tech billionaires eager to sell the next big disruption. That’s why when venture capitalist Tim Draper predicted that bitcoin would replace the U.S. dollar as the world’s reserve currency within the next decade, it...
Block has launched new bitcoin mining hardware and software designed to decentralize and streamline the process of bitcoin mining. The new products are offered by Proto Global, a Block brand that offers bitcoin mining products and services, the company said in a Thursday (Aug. 14) press release. ...
Square is letting the first merchants on its network accept bitcoin payments. The company is now allowing some sellers to accept Lightning Network-powered BTC payments from customers, Owen Jennings, executive officer and head of business at Square’s parent company, Block, wrote in a Tuesday (July...
Bitcoin reportedly hit an all-time high Friday (July 11), driven in part by investors’ optimism around crypto legislation and corporate treasuries’ interest in buying bitcoin. Bitcoin briefly surpassed $118,000 and it rose as high as $118,872.85, CNBC reported Friday. At the time of that report, bitcoin was...
Investor Anthony Pompliano has launched a bitcoin treasury whose balance sheet would hold $1 billion of that cryptocurrency. This news came Monday (June 23), as Pompliano’s ProCap BTC, a “bitcoin-native” financial services firm, announced plans to enter a special purpose acquisition company (SPAC) merger with...