New Malta Government Says It Still Wants to Run a ‘Blockchain Island’

Last week, the financial watchdog of Malta came forward with an unexpected statement. Apparently, Binance, a leading cryptocurrency exchange that had been enjoying a close relationship with local authorities, is not authorized “to operate in the crypto currency sphere,” as the regulator’s press release stressed.  While the Malta Financial Services Authority has yet to license any cryptocurrency business — and not just Binance — under the country’s widely marketed cryptocurrency framework, the statement signifies a deterioration in relations between the Read more …

Bitcartcc’s Merchant Solution: Developer Builds Self-Hosted Btcpay Alternative Supporting Bitcoin Cash

Advertisment On February 28, Bitcoin Cash (BCH) proponents were introduced to a new platform called Bitcartcc. The project is a self-hosted open source payment processor that allows merchants to accept bitcoin cash easily. Bitcartcc was created because the developers behind the popular application Btcpay refuse to add support for BCH. Bitcartcc was built so anyone can leverage a “light and fast solution” for accepting bitcoin cash payments. Also read: Record Breaking Interest – Observing the Predictive Power of Bitcoin Futures Read more …

Bitcartcc’s Merchant Solution: Developer Builds Self-Hosted Btcpay Alternative Supporting Bitcoin Cash

On February 28, Bitcoin Cash (BCH) proponents were introduced to a new platform called Bitcartcc. The project is a self-hosted open source payment processor that allows merchants to accept bitcoin cash easily. Bitcartcc was created because the developers behind the popular application Btcpay refuse to add support for BCH. Bitcartcc was built so anyone can leverage a “light and fast solution” for accepting bitcoin cash payments. Also read: Record Breaking Interest – Observing the Predictive Power of Bitcoin Futures Over Read more …

Did Stock Markets Lose Value Worth 694,573,873 Bitcoins this Week?

After the shock of the coronavirus, stock markets turned down, erasing $6 trillion of value within a week. Here is how this value compares with Bitcoin. Stock Markets Still Make Bitcoin Valuations Look Insignificant The stock markets, a centuries-old and highly developed system handle trillions in value. A flash crash last week erased around $6 trillion in just a few days, after a panic sell-off based on fears of economic slowdown and a recession. The rapid index decline is massive Read more …

How Many Countries Have Banned Cryptocurrency Trading Until 2020

Advertisment Not all people can have access to crypto trading. Depending on where you live, you may or not be able to trade with cryptocurrencies. There are actually many countries that have different cryptocurrency regulations, some allowing holding crypto, while trading is banned. In other countries, just holding crypto and BTC can bring legal penalties. We will be featuring some of the countries in which cryptocurrency trading is prohibited: Algeria bitcoinist.com Towards the end of 2017, rumors started circulating that Read more …

Why Buying Bitcoin at This Price Level May Make Sense?

Bitcoin price is trading at the $8,600 level, and buying BTC at these prices may make all the more sense. But why?  Bitcoin Already Corrected 20% from the Peak Bitcoin is already down about 20% from its recent peak. In February, the leading coin touched levels above $10,400, before sliding back. After the crash, exacerbated by the overall market pessimism, BTC has now corrected significantly and may present buying opportunities. /1 At the risk of looking like a fool by Read more …

Jack Dorsey Should Be Replaced as Twitter CEO, Investor Proposes

Billionaire investor, Paul Singer, is pushing for the removal of Jack Dorsey as CEO of Twitter. According to a CNBC article dated Feb. 28, the Elliott Management founder and activist investor is concerned about Dorsey’s time being split between two $5 billion-plus companies, and his desire to move to Africa. Singer questions Dorsey’s focus The $40.2 billion hedge fund managed by Singer took a major stake in the social media giant recently and has already nominated four replacement directors to Read more …

Wilshire Phoenix Slams SEC for Bitcoin ETF Rejection

Wilshire Phoenix, a New York-based asset management firm, has responded to the United States Securities and Exchange Commission (SEC) rejecting its proposed Bitcoin (BTC) exchange-traded fund (ETF). The firm states it is “very disappointed” by the SEC’s ruling, emphasizing that it went to great lengths to ensure compliance with the SEC’s expectations: “We made every effort to get the SEC’s attention on this important issue, including undertaking extensive analysis that was made available to the SEC staff, submitting key data, Read more …

Why is Huobi’s Bitcoin Stash by up 150 Percent Since Jan 19?

In the past year, Huobi has dramatically expanded its central cold wallet. Especially the Chinese crypto exchange’s Bitcoin holdings have seen a substantial appreciation.  Huobi’s Influence Grows as More Bitcoin, USDT Funds Flow into the Exchange The influence of Huobi cannot be underestimated, but also the fact that the exchange became the biggest Bitcoin (BTC) “whale”, surpassing even the Bitfinex cold wallet. The growth of Bitcoin deposits in Huobi took the attention of analysts. Markets go up, markets go down, Read more …

First Kudi Exchange Enters Ghana and Partners Stanbic Bank

Advertisment Nigerian based cryptocurrency exchange, First Kudi has expanded its services to the Ghanaian market after a partnership with Stanbic Bank. The First Kudi platform is powered by Ferrum Network now allows users to deposit and withdraw the Ghanaian Cedi. First, Kudi mentioned the importance of the Ghanaian market in their announcement blog post, citing the countries population of over 30 million people and a 9% inflation in 2019. The article also projected that the First Kudi would be the most comprehensive Read more …

Peter Thiel-Backed Startup Says Texas Is the Best Place to Mine Bitcoin

Alex Liegl, CEO of Layer1 Technologies, a US-based Bitcoin (BTC) mining company that recently announced its intention to repatriate 30% of Bitcoin’s hash power by 2022, has described Texas as offering miners the “cheapest power in the world, at scale.” Less than two weeks ago, Layer1 commenced mining operations at its facility in western Texas, bringing multiple 2.5-megawatt container rigs online. Texas is the largest producer of wind power in the United States, outproducing the second, third, and fourth-largest producers Read more …

New Twitter Investor May Remove Bitcoin Advocate Jack Dorsey as CEO

Elliott Management Corp. – an activist investor owned by billionaire Paul Singer – has plans to shake up the management at Twitter. As reported by Bloomberg on Saturday, Elliott has taken a large stake in the social media messaging platform and, according to “people familiar with the matter,” has plans to remove Jack Dorsey as CEO. The hedge fund has already nominated four directors to Twitter’s board, the sources said. Dorsey is also the chief of payments firm Square and Read more …