In the fall of 2008, the white paper “Bitcoin: A Peer-to-Peer Electronic Cash System,” authored by Satoshi Nakamoto, circulated on a cryptography mailing list. As signaled by the title, it proposed a protocol for creating an electronic cash system without the need for intermediaries or trust. Some months later, in January 2009, the first-ever Bitcoin block was mined. Source
Fidelity Investments will allow U.S. citizens to add bitcoin to 401k retirement accounts later this year. The change brings much more exposure to bitcoin and could spur a new wave of adoption. ETFs are also helping bitcoin make more progress with getting into the mainstream. Fidelity Investments is now allowing its clients to add bitcoin investments to its 401(k) accounts. This is a big step forward for the market and could encourage many to invest in bitcoin by way of wanting to add to their retirement accounts. The Wall Street…
After falling to multi-week lows to start the week, BTC rebounded back above the $40,000 level on Tuesday. Today’s surge in price comes as ETH also rallied, climbing beyond the $3,000 point for the first time in three days. Bitcoin Following a disappointing start to the week, bitcoin saw its price rebound during Tuesday’s session, as bulls returned to action. Monday saw BTC fall to a bottom of $38,708.50, which was its lowest point since mid-March, however it has since regained momentum. This momentum has seen BTC/USD rally to an…
Amid Bitcoin (BTC) mining stocks such as Hut 8 Mining touching multi-month lows, a major industry executive has outlined key differences between BTC investment and investing in BTC-linked stocks. Ben Gagnon, chief mining officer of the major Bitcoin mining company Bitfarms, believes that direct BTC investment and exposure to BTC mining stocks are two “fundamentally different” investment strategies to suit different people and interests. “A direct investment in Bitcoin is a simple, long-term investment suitable for the vast majority of people,” Gagnon said in an interview with Cointelegraph. On the…
In terms of policy, Greg Tanaka calls himself a legislator for the digital age and possibly the most pro-crypto person running in this election cycle. Now a Palo Alto City Council member, he has set his sights on the United States House of Representatives seat for California’s 16th: the Silicon Valley district. In an interview with Cointelegraph, the self-described nerd exuded enthusiasm and spoke with an unwavering smile about crypto and the financial system. Legal DAOs and crypto tax holidays “It’s the first form of truly better money,” Tanaka said…
The technology exists for merchants to enable crypto payments, but that doesn’t mean consumers want the option. On the consumer side, exchange-rate volatility, regulation, safety, privacy and education are all causes for concern. Globally, crypto payments would enable commerce for the approximately 2 billion unbanked adults. For a more developed country like the U.S., however, consumer expectations are higher than the experience that crypto infrastructures provide. Using crypto payments means headaches like paying capital gains tax and giving up chargebacks and other protections. And that is if you can figure…
A court in the Chinese city of Hangzhou issued a one-of-a-kind judgment against a nonfungible token (NFT) marketplace for allowing a user to create (or mint) NFTs of stolen artwork. As reported by South China Morning Post, the court verdict toward the NFT marketplace was made after Shenzhen-based company Qice filed a lawsuit against NFTCN’s parent company, BigVerse. The lawsuit claimed that an NFTCN user stole a copyrighted artwork of Ma Qianli, a Chinese artist specializing in drawing and printing. The user of the NFT platform allegedly poached one of…
With a bearish market, the canine-themed meme coin Dogecoin suffered a major decline in trading volume. Investor interest also dramatically waned starting December 2021. Further, there was a huge 66% slump in trading volume from January to March of 2021. Things got even worse in February when Russia invaded Ukraine. Suggested Reading | Dogecoin (DOGE) Jumps 30% After Elon Musk Buys Twitter DOGE Slumps from 2021 In January this year, Dogecoin’s trading volume was at $33.51 billion. Comparatively, the trading volume in February 2022 dropped further to $22.44 billion. The…
Cryptocurrency may be a hard-to-grasp concept for many, but as e-commerce develops, crypto may become the mainstream option for consumers. This makes an opportunity for businesses to come up with sustainable, user-friendly models to make widespread adoption easier. Over the last 3 years, the term “cryptocurrency” has lodged itself firmly in the minds of people, regardless of whether they invest in it. The technical aspects of it, however, remain less understood, and for much of the public, this knowledge feels inaccessible. This is understandable, given how crypto is still in…
0x Labs, the force behind a decentralized exchange (DEX) protocol and its native ZRX token, has raised $70 million at an undisclosed valuation in a Series B round led by Greylock Partners and including NFT marketplace OpenSea, Pantera Capital, Jump Capital and actor Jared Leto, according to a Forbes report. Source