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Governments and law enforcement agencies have been alerted to the possible illicit use of the pseudonymous Bitcoin (BTC) and cryptocurrencies ever since the notorious darknet marketplace Silk Road was shut down permanently by FBI, which seized more than 144,000 BTC derived from transactions made in the marketplace. This has led to governments and relevant authorities … Read more
Just recently the price of bitcoin jumped over the $9,000 per coin zone, but retracted back a hair not too long afterward. On May 3, the research and analysis firm Glassnode reported that the overall BTC hashrate touched another all-time high above 140 exahash per second. As miners continue to hash away at the network, … Read more
Staying at home can pay off, not only for one’s health but also for one’s Bitcoin stash. This statement has never been more true for anyone than the lucky player who just added over 29 BTC to his wallet by playing the exclusive game of Slots. Let’s face it, in most cases, the odds of … Read more
According to recent data, crypto participants known as ‘bitcoin whales’ have been steadily accumulating bitcoins, and not selling since the ‘Black Thursday’ market carnage on March 12, 2020. Onchain data and blockchain analysis firms indicate that the number of bitcoin whales with 1,000 to 10,000 BTC or more on a single address has increased significantly. … Read more
The private venture capital firm Andreessen Horowitz (a16z) has announced the company is investing $515 million into the cryptocurrency industry. The firm says its “excited” to bolster crypto networks and businesses. Further, the company hopes to strengthen ideas like next-generation payments, a modern store of value, decentralized finance, content monetization, and Web 3.0 concepts. Andreessen … Read more
U.S. President Donald Trump now has an unexpected challenger as the independent congressman from Michigan, Justin Amash, says he plans to run as a Libertarian candidate in the 2020 election. Besides John McAfee and Adam Kokesh, Amash is also a pro-crypto candidate, a believer in free markets, and has spoken positively about bitcoin seven years … Read more
Genesis Global Trading has reported a 100% jump in new loan originations in the first quarter. The cryptocurrency lender and trading platform added a record $2 billion in new loans in the three months leading to March 2020, up $1 billion from the previous quarter. BTC accounted for 44.8% of the loans and bitcoin cash … Read more
During the last few weeks, the world has been dealing with the coronavirus outbreak. These days, however, many of the world’s citizens are growing more concerned over the government’s reactions than the virus itself. Moreover, with the U.S. economy feeling the hardship of over 30 million unemployed Americans and the petro-dollar on life support, many … Read more
Cryptocurrency markets are bullish on April 29, as BTC prices have spiked over 11.8% in the last 24 hours touching a high of $8,740 per coin during Wednesday’s trading sessions. Bitcoin has gained 130% in value since the market rout on March 12 otherwise known as ‘Black Thursday.’ Many believe the cause behind the higher … Read more
The largest oil field in the People’s Republic of China has been a target for individuals and organizations attempting to mine bitcoins with free electricity. After a bunch of mining farm operators allegedly got caught last summer, a dog kennel owner was recently busted for running cable lines in order to siphon free electricity from … Read more