LATEST ARTICLES

Abra to Finally Launch Global Bitcoin Network Next Month

Abra is planning to finally launch global support for its remittance and currency exchange app in February, as announced on Tuesday at the North American Bitcoin Conference in Miami by CEO Bill Barhydt. This would provide an easy way for people to trade their local currencies for bitcoin and vice versa. Also read: The US Reigns Supreme in the Bitcoin ATM...

Chinese Bitcoin Miner Might Be Trying To Corner ASIC Chip Market

Bitmain, which specializes in custom mining chips and miners, has come under increased scrutiny due to the Chinese firm's control over the production of so much bitcoin hardware and hashing power. Some bitcoin participants are beginning to fear a negative outcome for bitcoin with so few producers of the digital currency's mining hardware. In 2013, companies like Black Arrow...

The US Reigns Supreme in the Bitcoin ATM Industry

Coinatmradar, a website mapping and tracking trends for Bitcoin ATMs (BTMs) around the world, recently released their 2016 data as well as projected trends for 2017. According to the site, the United States is dominating the BTM market with market share of 73 percent. Also read: 10,000+ EU ATMs to Cash Out Bitcoin  At press time, Coinatmradar displays 951 BTMs in 55 countries...

ECB Actively Considering Cash-Like Central Bank Digital Currency

In a speech on Monday, Yves Mersch, Member of the Executive Board of the European Central Bank (ECB), discussed how the bank could design, issue, and manage a central bank digital currency for everyone, to be used alongside cash. One of the two types considered was a cash-like digital currency with anonymity. Also read: Europe Committed to Tightening Digital Currency Rules...

US Postal Inspector Hiring 30+ Specialists with Bitcoin Experience

The US Postal Inspection Service (USPIS), the law enforcement arm of the US Postal Service, has listed a job opening something called an “Intelligence Gathering Specialist." Candidates must understand bitcoin, darknet markets and how to analyze the information stored on a blockchain. The USPIS jurisdiction encompasses "crimes that may adversely affect or fraudulently use the U.S. Mail, the postal system or postal employees."...

How to Restore a Hardware Wallet Using a Seed Phrase

Demand for bitcoin hardware wallets increases as the digital currency's value and popularity rises. There are multiple devices on the market that keep bitcoins safe in a cold storage manner. However, if the device is lost, damaged, or stolen users need to understand how to recover their bitcoin. Today we discuss restoring a hardware wallet with a seed phrase that...

Do Satoshi’s Libertarian Statements from the Past Matter Anymore?

Bitcoin is a revolutionary experiment that may disrupt the world's financial markets and society’s norms in more ways than one. Everyone has their own ideas of how they envision bitcoin being used ranging from a libertarian-style abolitionist standpoint to a statist who believes governments should be heavily involved with the cryptocurrency economy. The question is how will these conflicting...

Gold and Bitcoin Form Symbiotic Relationship

“I had to change my thought process to understand that bitcoin is no enemy of gold and silver,” says monetary expert Andy Hoffman, who writes for the precious metals website Miles Franklin. “When bitcoin hit price parity with gold in 2013, I was angry. I knew nothing about it. I assumed it was like the Federal Reserve. That, instead...

Why Bitcoin Is Close to a Record-Breaking 3 Exahashes Of Processing Power

The bitcoin hash rate currently nears 3 exahashes, representing an all-time high for the processing power of the Bitcoin network. The escalating hash rate concurs with continuing social media reports that Beijing-based Bitmain Technologies Limited, a company which supplies bitcoin mining equipment, suffers consistent supply shortages due to high demand. Also Read: Bitcoin Mining Intensifies in Q4 2016 How the Hash Rate Increases At a...

How to Maximize Bitcoin’s Value in a Digital US Inheritance

When bitcoins are passed to an heir in a US inheritance, they are subject to a different tax rule than usual. The cost basis is no longer the purchase price of the bitcoins, which can lead to an heir paying less or more capital gains tax depending on whether the bitcoins had appreciated or depreciated. A little planning can...