bitcoin / 552 posts found

El Salvador and The Bitcoin Community – Lessons To Be Learned – CryptosRus

by crypto journalist
El Salvador and the Bitcoin community – love in one moment, hate in the next. Lessons to be learned. The news coming out of El Salvador yesterday brings up old wounds. Reminiscent of past times within the Bitcoin community. Love in one moment, disappointment in the next; endorsement – resentment. After making bitcoin legal tender, the president of El Salvador now announced mandatory vaccination in most areas of public life. When Elon Musk began publicly acknowledging bitcoin, followed by Tesla buying $1.5 billion BTC to hold on their balance sheet, the vast majority of the community was in awe. A […]

Colonial Pipeline hackers received $90 million in bitcoin before shutting down

by crypto journalist
DarkSide, the hacker group behind the recent Colonial Pipeline ransomware attack, received a total of $90 million in bitcoin ransom payments before shutting down last week, according to fresh research. Colonial Pipeline was hit with a devastating cyberattack earlier this month that forced the company to shut down approximately 5,500 miles of pipeline, crippling gas delivery systems in southeastern states. The FBI blamed the attack on DarkSide, a cybercriminal gang believed to be based in Eastern Europe, and Colonial reportedly paid a $5 million ransom to the group.  DarkSide operates what’s known as a “ransomware as a service” business model, meaning the hackers […]

EtherLite (ETL) Token Is Now Listed on Bitcoin.com Exchange – Press release Bitcoin News

by crypto journalist
EtherLite (ETL) Token Is Now Listed on Bitcoin.com Exchange press release PRESS RELEASE. Bitcoin.com Exchange is thrilled to announce the listing of ETL, being available to trade on the 19th July 2021 at 16:00 UTC. ETL was created by the EtherLite team, as the utility token for their borderless, decentralized network with validators and community members from all around the world. ETL will start trading with USDT and ETH pairs. What is EtherLite? EtherLite uses a proof-of-stake (PoS) consensus model as it seeks to pick off where its much larger peer, Ethereum, leaves off. In fact, EtherLite is a hard […]

Speedy Trial Success — Bitcoin Upgrade Taproot Set to Lock-in This Weekend – Technology Bitcoin News

by crypto journalist
Speedy Trial Success — Bitcoin Upgrade Taproot Set to Lock-in This Weekend On Friday, June 11, 2021, data shows that Taproot could get locked-in this coming weekend, as the signal ratio is 98.3% and a touch more than 100 additional signaling blocks are needed to lock in the upcoming soft fork. Bitcoin Upgrade Taproot Inches Toward Lock-in, Success Means Activation in November “Merging every contract and use-case under a single transaction type ‘Pay to Taproot’ will in the long-run yield a more fungible and robust blockchain. This is how you do it. This is how you design a blockchain,” the […]

Microstrategy Buys $10M Worth of Bitcoin, MSTR Shares Down Over 60% Since February – Bitcoin News

by crypto journalist
Microstrategy Buys $10M Worth of Bitcoin, MSTR Shares Down Over 60% Since February On Tuesday, the publicly-listed business intelligence company, Microstrategy, announced the purchase of 229 bitcoins adding to the firm’s current stash of crypto. The company’s CEO Michael Saylor told his Twitter followers that Microstrategy now holds 92,079 bitcoins. Microstrategy Stocks Up on More Bitcoin, Buys $10 Million Worth to the Balance Sheet Microstrategy (Nasdaq: MSTR) has stepped in and bought the dip once again. On Tuesday morning (ET), the firm’s chief executive officer Michael Saylor shared the announcement on Twitter as he usually does. Alongside the CEO’s statements, […]

China’s bitcoin miner exodus

by crypto journalist
Because miners at scale compete in a low-margin industry, where their only variable cost is typically energy, they are incentivized to migrate to the world’s cheapest sources of power.  “Every Western mining host I know has had their phones ringing off the hook,” said Carter. “Chinese miners or miners that were domiciled in China are looking to Central Asia, Eastern Europe, the U.S., and Northern Europe.” One likely destination is China’s next-door neighbor, Kazakhstan. The country’s coal mines provide a cheap and abundant energy supply. It also helps that Kazakhstan has a more lax attitude to building, which bodes well […]

Iran bans bitcoin mining as its cities suffer blackouts

by crypto journalist
Around 4.5% of all bitcoin mining globally between January and April of this year took place in Iran, according to blockchain analytics firm Elliptic. This content was originally published here.

‘All Banks Go Fintech’: Hong Kong Unveils ‘Fintech 2025’ Strategy – Fintech Bitcoin News

by crypto journalist
‘All Banks Go Fintech’: Hong Kong Unveils ‘Fintech 2025’ Strategy The Hong Kong Monetary Authority (HKMA) plans to guide local banks towards full adoption of fintech technologies, a new strategy reveals. The region’s central banking institution also stressed that it’s going to “walk the talk” by digitalizing its own supervision of financial institutions. Hong Kong Central Bank to Support Fintech Development Hong Kong’s monetary policy regulator has presented its new strategy to stimulate the fintech development of China’s special administrative region. With the strategy, HKMA aims for a comprehensive adoption of new financial technologies in the next four years. The […]

After Losing 90% Of His Wealth In 2008, Bill Miller Became A Billionaire Again Thanks To Bitcoin And Amazon | Celebrity Net Worth

by crypto journalist
Once upon a time, Bill Miller was a successful fund manager with a healthy net worth. As the manager of the Legg Mason Value Trust, he beat the S&P 500 for 15 straight years. Then the financial crisis of 2008 hit. The financial upheaval wiped out 90% of his net worth. Some people would never be able to recover from such a loss, but Bill Miller isn’t a quitter. Today, Bill has built a second fortune and become a billionaire thanks largely to just TWO investments: Amazon and Bitcoin. A new book by William Green titled “Richer, Wiser, Happier: How […]

Bitcoin, ether tumble as investors take off risk amid global markets slide

by crypto journalist
The price of bitcoin dropped Thursday morning as investors broadly began shedding risk as equity markets declined. Fears of a slowing global economic comeback caused by the potential spread of the Covid-19 delta variant appeared to be behind investors move into safer assets like Treasuries. Bitcoin traded at $32,500 Thursday morning, about a 6% decrease in the previous 24 hours according to Coin Metrics. Most other cryptocurrency assets fell with it, including ether, which is trading 9.5% lower at about $2,150. That backslide came around the time of reports Japan has declared a state of emergency in Tokyo for the […]