Bitcoin

Encryption Crackdown: Private Phone Network With 60,000 Users Dismantled by Law Enforcement

July 6th, 2020

An international law enforcement team has brought down an encrypted phone network with 60,000 users worldwide. The platform was one of the largest providers of encrypted communications, widely used by organized crime groups. UK’s National Crime Agency (NCA), Europol, Eurojust, and several other authorities announced on Thursday that they have infiltrated and taken down an…

Cryptocurrency-Focused Docuseries Airs to Millions of Viewers via the Discovery Science Channel

July 5th, 2020

A new docuseries called “Open Source Money” recently aired on July 4 and premiered on the Discovery Science channel. The new show gave millions of Discovery viewers information concerning bitcoin, cryptocurrencies, initial coin offerings, and blockchain technology. The cryptocurrency-focused show airing on Discovery will continue this summer with a number of episodes broadcasting once a…

Food and Cash Shortages Push Cubans Toward Permissionless Cryptocurrencies

July 5th, 2020

The Nation of Cuba is dealing with a national food crisis, as Venezuela has stopped offering aid to the small island nation. Moreover, the coronavirus outbreak has caused a shortage of cash couriers called “mules” and everyday items are becoming scarcer. Amid the crisis, a number of Cubans are resorting to leveraging cryptocurrencies like bitcoin…

Bitcoin-Friendly Kanye West Running for US President 2020, Taking on Donald Trump and Joe Biden

July 5th, 2020

Kanye West announced on Independence Day that he is running for president of the United States in 2020, taking on Donald Trump and former Vice President Joe Biden. Responding to the bitcoin-friendly singer with 21 Grammy Awards, Tesla and SpaceX CEO Elon Musk said West has his full support. Kanye West Running for President 2020…

Mining Company Ebang’s Stock Listed on Nasdaq Down 11%, Firm Plans to Launch Offshore Exchange

July 3rd, 2020

The bitcoin ASIC mining rig manufacturer, Ebang International Holdings, was recently listed on Nasdaq last Friday on June 26. Ebang is now the second mining rig manufacturer to have a U.S. initial public offering (IPO) by selling company shares. Since the initial sale on opening day, Ebang’s Nasdaq-listed “EBON” is down 11.5%. So far, the…

Demand for Bitcoin Will See a Dramatic Shift in 8 Years – Retail Addresses to Eat up Entire New Supply

July 2nd, 2020

A recent report from ZUBR Research explains that by 2028, retail demand for bitcoin will exceed the new supply. The report highlights that in eight years as Bitcoin’s supply rate decreases “retail size addresses [will] begin to eat up all the new supply alone.” Even the next halving in 2024 could see retail accounting for…

A ‘Significant Increase’: UK Regulator Says 2.6 Million Residents Have Bought Cryptocurrencies

July 2nd, 2020

The UK’s top financial regulator has conducted a survey and found a “significant increase” in the number of crypto owners and awareness of cryptocurrencies. The regulator estimates that 2.6 million people in the country have bought cryptocurrencies, most of which were from non-UK cryptocurrency exchanges. UK Regulator’s Crypto Survey The Financial Conduct Authority (FCA), which…

Alt-Right Activist Stefan Molyneux Banned from Youtube, Raises $100K in Crypto Donations

July 2nd, 2020

The founder of Freedomain, philosopher and alt-right activist, Stefan Molyneux, received more than $100,000 in cryptocurrency donations after he was banned from Youtube on June 29, 2020. Stefan Molyneux is well known for his Youtube videos, podcasts, and books. His early Youtube videos describing the benefits of bitcoin have been lauded. While getting over $100k…

Bitcoin Technical Analysis: BTC/USD Motionless At $9,100, Is It Over For The Bulls?

July 1st, 2020

Bitcoin price is pivotal at $9,100 even as selling pressure mounts. BTC/USD consolidation to last longer than expected; a bearish inclination puts $9,000 support in grave danger. Bitcoin price has entered into yet another day of consolidation. The largest crypto asset has remained pivotal at $9,100 after failing to break the initial resistance at $9,200….

Bitcoin Miner Hut 8 to Add 275 PH/s of Mining Capacity With $8.3M Capital Raise

July 1st, 2020

Hut 8 Mining Corp. has raised $8.3 million from the sale of 6% of its shares to investors. The Canadian bitcoin miner originally intended to raise $7.5 million from the sale, but it was oversubscribed. Toronto Stock Exchange-listed Hut 8 issued about 5.8 million “units” at a price of $1.45 each. Each unit is comprised…