A government ethics body in Kansas is advising political candidates to not accept bitcoin. New guidance from the Kansas Governmental Ethics Commission indicates that election watchdogs in the U.S. state are planning to study the issue further, but for now, campaigns are being told to abstain from taking cryptocurrency contributions. Mark...
Peter Thiel, the billionaire co-founder of PayPal, believes that critics of bitcoin are "underestimating" the cryptocurrency. In remarks made on the third day of the Financial Investment Initiative summit in Saudi Arabia, Thiel said that while he is "skeptical of most ," he believes bitcoin has a promising future depending...
Accused of laundering hundreds of thousands of euros through the digital currency Bitcoin, six men are facing charges in a Dutch court for apparently selling Bitcoin paid for by illegal drug sales. The men face potential sentences ranging from six to 36 months for crimes relating both to drug possession, as...
Bitcoin is a next-gen, all-digital currency that’s already a global phenomenon. Developed with high levels of security and anonymity in mind, it’s touted as a potential replacement for paper- and coin-based money in the near future. Some industries, including real estate, are capitalizing on this emerging trend by letting clients buy...
According to an article published by Business Insider, Dutch bank ING recently published a study suggesting that bitcoin mining consumes too much electricity. The report claims that a single bitcoin transaction consumes as much electricity as a house in a whole month, and compares it to the amount of electricity traditional electronic payment methods...
The hard fork that created Bitcoin Gold hasn't worked out for speculative investors thus far. On Oct. 23, Bitcoin Gold opened at $479.82, but has fallen today (Thursday) to $130.34. Bitcoin, in comparison, climbed 7% today and is pushing near its all-time high of $6,000. The price of Bitcoin increased by about $550...
As bitcoin’s valued soared to record heights over the weekend, the Australian government heard evidence on digital currencies and its tax implications. On Saturday, bitcoin’s value saw its value rise to $6,200 for the first time, pushing its market cap to $102.8 billion. With investor interest increasing in the cryptocurrency market,...
Bitcoin has officially entered the mainstream. The most recent edition of Charlie Rose, the PBS interview show that has endured since 1993, features Cathie Wood, CEO and CIO of Ark Investment Management, along with reporters from the Wall Street Journal and Bloomberg. Early in the interview, Wood compares the overall market cap...
Russia is striving to lead the global blockchain movement, with President Vladimir Putin even eyeing the creation of a national cryptocurrency. But the real work to spur the world blockchain economy is being implemented far beyond the walls of the Kremlin by small groups of private software engineers, who are...
BitGo chief executive and SegWit2x project lead Mike Belshe says that, despite contention within the bitcoin community related to the block size debate, “things are looking good” for the SegWit2x hard fork. Bitcoin is now approximately one month out from the scheduled date for the activation of SegWit2x, a controversial...