Bitcoin

Bitcoin
PYMNTS Blockchain Basics Series: What’s Bitcoin, and How Did It Get That Way?
May 25, 2022

So, what is bitcoin? By this time, most people know at least a little about bitcoin, the first cryptocurrency, and that there is also Bitcoin the blockchain. And while we’ll get into the basics about both of those, there’s a lot more to Bitcoin’s story...

Bitcoin
12 Years On, Bitcoin Pizza Day Finally Sees Crypto Payments Gain Traction
May 23, 2022

Sunday was Bitcoin Pizza Day, the annual crypto industry holiday celebrating the first known use of bitcoin as a payments currency. And while it’s usually celebrated largely trying to find a pizzeria that will take crypto payments and reminding the buyer just how rich he’d...

Bitcoin
Location of Terra’s Bitcoin Reserve Unknown Following Transfers
May 15, 2022

Billions in bitcoin, bought as a reserve by the Luna Foundation Guard (LFG), a foundation set up by the failed Terra blockchain, is now untraceable after being moved to two crypto platforms, Bloomberg wrote Saturday (May 14). LFG reportedly bought $3.5 billion of bitcoin between...

Bitcoin
El Salvador Weekly: With Bitcoin Bond Fading, President Bukele ‘Buys the Dip’
May 13, 2022

Given the unpopularity and slender use of bitcoin as a currency in El Salvador, you’d think that President Nayib Bukele’s decision to spend another $15 million of the nation’s treasury buying more bitcoins on Monday (May 9) — right as the crypto market began to...

Bitcoin
Downward Spiral Points to Bigger Problem for Cryptos
May 09, 2022

There’s a lot of attention being paid to bitcoin’s collapsing price today as it dipped below $31,000. And with good reason. As recently as a week ago, bitcoin pundits were wondering if it was going to push back above $40,000. Now, they’re talking about whether...

Bitcoin
El Salvador Weekly: Bitcoin Experiment Increasingly Unpopular with Bond Market, US Congress and Salvadorans
May 06, 2022

The bitcoin-boosting president of El Salvador, Nayib Bukele, has bet the house on the first cryptocurrency. First by making it legal tender and then staking the country’s reputation on the bond market by announcing a bitcoin bond with low interest and a big upside if...

Bitcoin
News of Bitcoin ATMs’ Decline Greatly Exaggerated
May 03, 2022

If you read the crypto press, you’ll find story after story this week about how the number of new bitcoin ATMs crashed this year, with just one-sixth as many installed in April as in December. The thing is, they haven’t. Or at least, those stories...

Bitcoin
Central African Republic, Like El Salvador, May Soon Regret Adopting Bitcoin
April 27, 2022

The Central African Republic has become the second country in the world to adopt Bitcoin as an official currency. In making BTC legal tender alongside the CFA franc on Wednesday (April 27), one of the poorest countries in the world is following the lead of...

Bitcoin
Amid Regulatory Grumbling, Fidelity Tests Waters for Bitcoin Holdings in 401(K) Plans
April 26, 2022

Crypto may be coming to your retirement plan, and the regulators are not happy. The largest 401(k) provider, Fidelity, announced on April 26 that it will offer employers to option to allow 401(k) participants to invest up to 20% of their retirement savings account in...