• Some of Australia’s biggest banks confirmed they won’t prevent customers from buying and selling Bitcoin with credit cards, unlike some of their counterparts in the UK and US.  ‘No Restrictions’ Following a different approach than Lloyds Banking Group, JP Morgan, Bank of America, and Citigroup, Australia’s biggest banks currently have no plans to bar their customers from buying and selling Bitcoin with credit and debit cards. ANZ told ABC news that it “does not prohibit

    Australia’s Major Banks Confirm They Won’t Ban Buying Bitcoin

    | 2018/02/06 1:00 am
  • Despite falling crypto prices, the installation and use of Bitcoin ATMs has surged in recent months, with 5 popping up every day. The picture looks pretty bleak for Bitcoin at the moment. Since the beginning of the year, the king of crypto has lost over 50% of its value, falling from $17,400 to around $8,000 today. It could go even further if the waves of negative sentiment and media FUD continue. The crypto carnage spreads

    Bitcoin ATM Installations Now Outpacing Bank ATMs Despite Price Drop

    | 2018/02/05 2:00 pm
  • The New York Power Authority CEO has recommended that the organization approve a request for cheap energy towards Bitcoin mining in the town of Massena, New York. From Smokestacks to Server Racks The state of Washington immediately comes to mind when talking about bitcoin mining operations in the US. But New York? NCDC (North Country Data Center Corp), a subsidiary of Coinmint, is planning to set up a mining center at a closed site for

    NY Power Authority CEO Wants to Give Cheap Electricity to Mine Bitcoin

    | 2018/02/02 5:30 am
  • South Korea cryptocurrency exchanges are complaining of unfair treatment as the country’s ban on anonymous trading begins Tuesday. Banks Favor Big Names According to local news media outlet Business Korea, exchanges using corporate bank accounts may face sudden halts to service or even an obligation to cease trading altogether. Korean authorities deemed January 30th the date when all citizens trading cryptocurrency must do so through just one account, the identity details of which match their

    South Korea: Anonymous Trading Ban Leaves a ‘Million’ Users in Limbo

    | 2018/01/30 9:00 am
  • Japanese crypto exchange Coincheck announced that it would reimburse roughly $425 million to its users affected by the recent hack. Usually when a cryptocurrency exchange is hacked, its users are out of luck. Valuable coins that have been stolen are never seen again, leaving users with empty wallets, shattered hopes, and lots of anger. However, the recent major hack of Coincheck is playing out differently as the Japanese exchange announces it will pay back $425

    Coincheck to Reimburse $425 Million to Users Affected by Hack

    | 2018/01/28 5:15 am
  • Major Japanese cryptocurrency exchange Coincheck has just confirmed that more than $600 million worth of XEM were stolen in a hack earlier today. Coincheck Confirms Hack After social media announcements alerted users to a shutdown which first affected NEM’s XEM token and then all currencies, rumors soon followed that Coincheck had lost control of funds. Bitcoin prices began trending downwards Friday. A short while ago, those rumors were confirmed as the exchange announced that it

    Japanese Exchange Coincheck Confirms $420 Million in XEM Stolen, Second Largest in History

    | 2018/01/26 9:30 am
  • Police in Ottawa, Canada, are on the manhunt for armed Bitcoin robbery suspects who staged an attempted daylight robbery of a Bitcoin financial business. The world of crypto can become a dangerous place at times. This usually occurs when someone ventures out to personally buy bitcoins from an buyer they do not know, all the while carrying quite a bit of cash. Yet even a cryptocurrency business is not a safe guarantee, as was evident

    Ottawa Police Hunting for Armed Bitcoin Robbery Suspects

    | 2018/01/25 8:00 am
  • Six major South Korea cryptocurrency exchanges have received fines of around 25 million won ($23,500) for lax security measures which “violated” laws. 6 Of 10 Exchanges Ordered To Pay As local news media outlet Yonhap News Agency reports Wednesday, government officials will press forward with penalties in what some commentators view as an increasingly promising sign of bringing the domestic cryptocurrency industry under regulatory control. “Although the size of transactions and the number of users

    South Korea Fines 6 Exchanges For Security Law ‘Violations’

    | 2018/01/24 8:30 am
  • South Korea lawmakers have confirmed cryptocurrency exchanges will become de facto legal January 30 as they enact new laws about anonymity in trading. 6 Banks On Board For Change In its most recent statements, the country’s Financial Services Commission (FSC) confirmed that exchanges must only permit trades from customers whose name matches their bank account. Foreign citizens, both native and non-native, will not be allowed to trade. “Establishment of the system for ‘real name verification of

    South Korea ‘Legalizes’ Cryptocurrency Trading, Bans Anonymity

    | 2018/01/23 8:30 am
  • Bitcoin Core developer and Blockstream co-founder Greg Maxwell announced he has left the company as criticism mounts over its Lightning Network advocacy. Maxwell: Blockstream Has Been ‘Big Success’ In a circular to the core mailing list Friday, Maxwell said he had opted to “spend more time working independently” on Bitcoin technical advances. “We hoped that Blockstream could help act as an anchor of support for technology development, and in doing so help grow the community. I

    Greg Maxwell Exits Blockstream As Lightning Network Sparks Warnings

    | 2018/01/19 10:30 pm
  • The advent of cryptocurrencies is triggering the creation of innovative business concepts and new Bitcoin-based financial instruments. Now, Michael Novogratz is starting a merchant bank, to be named Galaxy Digital, which will exclusively serve the cryptocurrency and blockchain space. Merchant Bank Dedicated to Cryptocurrencies to Reshape the Finance World Michael Novogratz, Chairman and Chief Executive Officer of Galaxy Investment Partners, is planning to establish and make public the first merchant bank that will focus on

    Novogratz Will Launch the First Cryptocurrency Merchant Bank

    | 2018/01/10 2:30 pm
  • Erik Finman, the teenage Bitcoin millionaire, plans on creating the ‘world’s best university’ in the city of Dubai to combat outmoded teaching methods. Most of the time when a person decides to head down the path less traveled, it usually ends in disaster. Yet there are times when a person perseveres and then prospers. Such is the case of Erik Finman, the teenage Bitcoin millionaire. He’s only 19, but he’s parlayed his initial Bitcoin investment

    Teenage Bitcoin Millionaire Plans on Building ‘World’s Best University’ in Dubai

    | 2017/12/31 1:00 am
  • Bitcoinist spoke with Bitcoin Core developer Nicolas Dorier who explains why BTCPay is not only a cheaper alternative to BitPay but also provides merchants and users with more control over their funds. What is BTCPay? BTCPay Server is an open-source payment processor that conforms to the invoice API of Bitpay. This allows easy migration of your code base to your own self-hosted payment processor. According to BTCPay, the service would be a good choice for

    BTCPay is a Better (and Cheaper) BitPay, Says Core Developer Nicolas Dorier

    | 2017/12/27 12:30 am
  • Bitcoin.com CTO Emil Oldenburg has claimed he has sold “all” his “unusable” Bitcoin (BTC) for Bitcoin Cash (BCH), also known as BCash. Oldenburg Touts BCash To Mainstream In an interview with Swedish magazine Breakit since reproduced in multiple outlets, Oldenburg called Bitcoin “the most risky investment you can make.” “It is an extremely high risk. I’ve actually sold all my bitcoins recently and switched to bitcoin cash,” he told the publication last week. “…The old

    Media Embraces FUD as Bitcoin.com CTO ‘Sells’ All His Bitcoin

    | 2017/12/19 6:30 am
  • TD Ameritrade, like many other titans of the financial world, is also jumping on the Bitcoin bandwagon. Indeed, the giant securities brokerage services provider will start trading Bitcoin futures when the financial markets open on Monday, December 18, 2017. The Volume of Bitcoin Futures Trading To Surge For some time, Ameritrade had been monitoring whether there were sufficient liquidity and market efficiency for Bitcoin futures. Ameritrade leadership believes that these parameters are now optimal. According

    TD Ameritrade Starts Trading Bitcoin Futures on Monday

    | 2017/12/16 3:30 am
  • A Danish Bitcoin billionaire has signed a sponsorship deal with a Danish ice hockey club, where one player will become the first to receive his salary in Bitcoin only, as the team’s venue will get renamed to Bitcoin Arena. Out With Rungsted, In With Bitcoin As the Swiss crypto platform confirmed Wednesday, Bitcoin Suisse’s Niklas Nikolajsen has entered into a three-year package with Rungsted Seier Capital, replacing previous sponsor, Bitcoin-friendly Saxo Privatbank. “The sponsorship is

    Danish Hockey Player Becomes First Pro Athlete to Get Paid in Bitcoin

    | 2017/12/15 8:00 am
  • Escorted by futures trading contracts, Bitcoin has entered into the circle of mainstream finance. This event was marked by the CBOE Global Markets’ launch of Bitcoin futures contracts, on Sunday, December 10, 2017, opening the door to the cryptocurrency market for institutional investors’ trillions of dollars. Moreover, Bitcoin futures has moved the rollout of Bitcoin ETFs one giant step closer to reality. Bitcoin Futures Could Bring Trillions into the Crypto Market Bitcoin made its debut

    Bitcoin Makes its Grand Entrance onto the Mainstream Stage

    | 2017/12/10 6:00 pm
  • Bitcoin is intrinsically volatile due to many factors. One of them is Bitcoin’s inelastic nature. On top of that, experts now forecast that the upcoming futures trading will further exacerbate Bitcoin’s volatility. As a result, cryptocurrency exchanges are already taking precautionary measures. Bitcoin’s Volatility About to Increase Bitcoin’s price fluctuations are wild. Its price can swing by more than $3,000 USD in just a few hours. Traditionally, volatility is measured by the volatility index, also

    Futures Trading Will Intensify Bitcoin’s Volatility

    | 2017/12/09 8:45 pm
  • Private advertisement listings site Craigslist now allows users to specify they are “OK” with cryptocurrency payments. A ‘Huge’ Step For Exposure Screenshots appearing on social media Thursday confirmed the move, which marks the first formal interaction between the resource and the technology. Craigslist, which ranks top in the world for classified ads according to SimilarWeb and has an Alexa rating of 106, is a “huge” step in support for crypto, community members said in response

    Craigslist Goes Crypto With ‘Cryptocurrency OK’ Button

    | 2017/12/08 7:00 am
  • For the first time in history, gold faces a formidable challenger: Bitcoin. Today, the cryptocurrency surpasses, by many times, the precious metal in value and popularity. Bitcoin Surpasses Gold in Popularity For millennia, humanity has used gold as a medium of exchange and store of value. People have used the precious metal as a long-term investment and as a hedge against market volatility throughout history. And, because of its lustrous sheen, gold is used as

    Bitcoin Trending 3 Times Higher than Gold in Google, 11 Times More Valuable

    | 2017/12/07 1:15 am
  • A strategist at JPMorgan Chase now says that Bitcoin could be a legitimate asset like gold even though CEO Jamie Dimon rips into the cryptocurrency. Will JPMorgan suffer whiplash from this constant back-and-forth? Is there a doctor in the house? We could use one as JPMorgan Chase once again does an about-face concerning Bitcoin, which may lead to a case of whiplash. The banking and financial services giant has a dubious history with the popular

    JPMorgan Suffers Whiplash as They Say Bitcoin Could be the New Gold

    | 2017/12/05 3:00 am
  • Like the Internet a few decades ago, Bitcoin is now becoming one of the greatest job creators. In fact, Bitcoin and blockchain-related job listings are at an all-time high on sites like LinkedIn and Dice. Bitcoin is Disrupting the Job Market The advent of the cryptocurrency is creating incredible new opportunities in finance, business, and industry. As a result, the demand for Bitcoin-related services is growing exponentially, which in turn is driving the creation of

    Demand for Bitcoin Jobs Surging as Price Continues to Climb

    | 2017/12/04 10:30 am
  • In their quest to gain supremacy in the cryptocurrency ecosystem, the Big Four accounting firms (Deloitte, EY, PwC, and KPMG) are focusing their strategies and shaping their services to better respond to their customers’ demands. And, as a testament to Bitcoin’s status as an increasingly mainstream financial asset, PwC is following EY’s lead in accepting payments in Bitcoin. PwC Hong Kong Accepts Bitcoin Bitcoin and its blockchain technology are becoming so pervasive throughout business, finance,

    Two of the Big Four Accounting Firms Now Accept Bitcoin

    | 2017/12/02 9:30 pm