Two months ago, Reddit dropped Bitcoin (BTC) as a method of payment. This was due to the increase in transaction fees. Now, however, it appears bitcoin may be returning to the platform. This isn’t speculation, either; the Reddit chief technology officer confirmed the news of bitcoin payments returning to Reddit. Bitcoin Payments Returning to Reddit…
Financial services company Goldman Sachs has announced its intent to launch Bitcoin futures contracts in the near future. Goldman Sachs launching Bitcoin futures contracts is a pretty big deal for the financial world. What made the investment firm take the plunge? New York Times reporter Nathaniel Popper wrote that Goldman Sachs plans to use its…
The Bitcoin hashrate is nearing its all-time high, despite market skepticism over Bitcoin’s popularity. The Bitcoin hashrate was at 31.6615 hash per second as of May 1st, 2018, according to data from BitInfoCharts. Source: BitInfoChartsNot long ago, on April 20th, 2018, Bitcoin (BTC) achieved a hashrate of 32.1278 hash per second, which was the Bitcoin hashrate all-time…
The crypto related news website, Bitcoin.com has changed the way it publishes information after a group of users joined forces to file a fraud suit against it. For some time now, Roger Ver, a crypto enthusiast who became a millionaire by investing in Bitcoin (BTC), has been promoting a fork he is a part of…
Bitcoin (BTC) is making headlines this week. The latest headline comes after CFTC chairman J. Christopher Giancarlo stated in an interview with CNBC that Bitcoin has similar characteristics to gold. But is Bitcoin similar to gold? Let’s see if there’s truth in the statement. Is Bitcoin Similar to Gold? This week, Giancarlo essentially stated that…
16,000 Bitcoin – totaling just over $140 million – was sold by Nobuaki Kobayashi, a Mt. Gox Trustee, in a move that took an increasingly optimistic Bitcoin community by surprise. The move triggered some nervousness because a previous similar course of actions by the man known as “The Tokyo Bitcoin Whale” (the selling of 400M$…
Warren Buffett on Bitcoin (BTC) Now Warren Buffett has never shown himself to be a fan of Bitcoin and other cryptocurrencies. In an interview with Yahoo Finance, Buffett still isn’t jumping on the crypto train. Buffett told Yahoo Finance that he doesn’t see Bitcoin as an investment. Instead, he believes it’s a gamble. He continued to…
As with any new technology and trend, there will always be prognosticators who want to explain to the masses what is going to happen in the future. This is even true of the economists and the pollsters. One has to take all of these with a seriously large grain of salt and healthy suspicion as…
Bitcoin could become irrelevant if any of the ideas put forth by MIT students become a reality. First though, let’s go back to 2008 when the US went through the worst recession in history; it was even considered to be greater than the “great depression”. The cause of it ultimately came down to the banks issuing money/mortgages to…
The cryptocurrency sector is a fundamental part of our world. Some people love it, others hate it, but that doesn’t stop the crypto wheels from turning. Now, it seems like every week someone new joins the conversation and expresses their own opinion on the crypto space. The latest to do so is Tim Draper, a…
