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According to a recent study of 100 U.S. based merchants that use Square Inc.’s payment technology — a good majority surveyed are open to taking bitcoin as a form of payment. Nomura Instinet surveyed merchants who made at least $100,000 in annual revenue and 60 percent said they would accept bitcoin instead of USD. Also read: Bitcoin … Read more
This week a government employee working for Florida’s Department of Citrus (FDoC) was arrested for purported cryptocurrency mining using the department’s computers. According to the Florida Department of Law Enforcement (FDLE) agents, the IT manager mined BTC, LTC, and other digital currencies. Also Read: Nasdaq-Listed Marathon Begins Bitcoin Mining Operations, Stock Up 32% Mining Cryptocurrency … Read more
Over the past few months, the Chicago Board of Exchange (Cboe) and the Chicago Mercantile Exchange (CME Group) have been selling bitcoin-based futures products. Predictions have been dull as most forecasts are around the $9-9.4K USD range for bitcoin derivatives using both firms’ futures data. On the other hand, crypto-derivatives trade volumes have been increasing. Also … Read more
A survey released this week reveals that many South Koreans in their 20s are actively investing in digital assets. The region has become a hotbed for cryptocurrency exchanges as more than 2 million South Korean citizens own one of the top digital assets. Also Read: ‘Cryptomatoes’ Using Excess Mining Heat to Grow Produce South Koreans in … Read more
According to reports the infamous Twitter handle and blogger, ‘Bitfinex’ed,’ has hired the well-known attorney Stephen Palley to fight against the legal threats posed against the blogger. The legal counsel for Bitfinex, Stuart Hoegner suggested this past December that the blogger may face a lawsuit as Bitfinex said it wasn’t too pleased with the allegations. … Read more
Economic uncertainty appears to have spurred a significant spike in the number of South African citizens engaging with bitcoin and cryptocurrency. As of this writing, South African Google searches for bitcoin currently comprising the highest in proportion to country among the top 66 countries by search traffic. Also Read: Physical Bitcoin Mining Hardware Store Bitmart Opens … Read more
Most of the top crypto assets are seeing gains today as many cryptocurrencies suffered losses over the past week. BTC/USD markets reached a weighted average of $9,892 across global exchanges during the overnight trading sessions. This rise follows BTC/USD prices touching a low of $8,366 on March 9 and many other digital assets reaching lows … Read more
Sustaining positive momentum in the world of cryptocurrency has proven to be nearly impossible these days. It is evident there’s plenty of bearish pressure across all markets, especially now that all of the overnight gains are meeting a fair amount of resistance. The way things look right now, there will be a serious struggle to … Read more
On March 10 a cryptocurrency trader and researcher published a report on how he believes $3 billion worth of cryptocurrency trade volumes, primarily from a couple of exchanges, are concocted. The author of the study, Sylvain Ribes, alleges that the exchange Okcoin has been fabricating up to 93 percent of its trade volumes. Also read: Thailand … Read more
This week the People’s Bank of China (PBOC) governor, Zhou Xiaochuan, spoke about both public and privately issued cryptocurrencies. Zhou details that the central bank dislikes “speculative cryptocurrency products” and the bank does not officially recognize digital currencies like bitcoin. Further Zhou explains the bank is monitoring projects like bitcoin and initial coin offerings (ICO), … Read more