Bitcoin News (BTC) - Page 1

I ve built the world's cheapest bitcoin node and so can you!
It uses very little power. And it didn?t really cost anything except my time. OK, so arguably this means was actually not cheap at all, but it might be if we figure out how to make it easier. This guide is an attempt to start with this learning process by recording what I have learned building it. I had this old smartphone lying around. Sony Xperia Z ? a flagship phone from 2013 that I had bought used in 2015, broke the glass back cover by trying to replace the battery (don?t try this if you?re as clumsy as me!) and lugged around the world until the touch screen reacted less and less (it seems completely useless now) and I had to replace it in 2017. It had always bothered me that this beautiful, broken thing was useless now. So I bought a USB OTG (on-the-go) cable and connected an old-fashioned mouse to it: behold ? I could use it again ? if only while it wasn?t charging.

Kraken paid 250 salaries in bitcoin in April and claims more employees are opting for crypto every month
Home ? ?Nobody Would Work For Bitcoin? (Except For Everyone That Does) Financial commentator Peter Schiff recently said that ?nobody would want to be paid in Bitcoin.? However, Kraken dispelled this belief in a recent tweet ? which affirmed that many of its employees are paid in BTC and that this number is growing. In a recent interview, outspoken financial market analyst and gold advocate Peter Schiff said that people do not want to be paid in Bitcoin. ?There is no way that people are going to work for salaries paid in Bitcoin,? he told the audience. However, Kraken has picked up on this with a story that claims quite the contrary. According to the cryptocurrency exchange, around 250 salaries were paid in BTC at the exchange in April. ?More employees are opting for crypto every month,? the exchange said.
May 25, 2019 2:56 PM

Lightning is Only the Beginning: The Emerging Bitcoin Stack - Coin Savage
Hey folks, big news. We?ve launched a new product to auto-invest your spare change in Crypto when you make everyday purchases. Head over to and check it out now. For the past year or two, Bitcoin?s lightning network has been one of the most closely watched developments in the crypto industry and while I?m very excited about the new possibilities enabled by the Lightning Network, I can?t help but ask: What about the other layers?! After all, the Lightning network is just one layer in the emerging Bitcoin stack. These various layers, or protocols, will likely all serve different functions but with one underlying commonality: they all exist to make Bitcoin even more useful than it already is.
May 25, 2019 3:42 AM

Kraken Proves Gold-Bug Peter Schiff Wrong , Pays Employees In Bitcoin
Reading: Scam Alert: Bitconnect ?2.0? Claims Binance Listing for July Launch Emilio Janus | May 24, 2019 | 15:00 Emilio Janus | May 24, 2019 | 15:00 Peter Schiff claims that there is ?no way that people are going to work for salaries paid in bitcoin?. But over a quarter of staff at Kraken do? and they aren?t the only ones. Schiff made the claim during a wide-ranging debate with ?The Bitcoin Standard? author, Saifedean Ammous, on Tone Vays YouTube channel. He also expressed the belief that the government can shut down Bitcoin more easily than gold. Cryptocurrency exchange, Kraken, was quick to revoke his claim, tweeting that it ?paid 250 salaries in bitcoin in April?. It also said that ?more employees are opting for crypto every month.
May 25, 2019 12:37 AM

It is Legal to Buy Bitcoin in China Despite a Crypto Ban
The People?s Republic of China has been making headlines in the crypto space for its strict outlook on the crypto ecosystem, especially regarding the blanket on the trading of cryptos. However,?despite the ban?the state hasn?t criminalized owning bitcoin. According to Sa Xiao, a Council Member at the Bank of China?s Law Research Association, it is legal for individuals to own bitcoin in China. As per CnLedger, a local recognized crypto news source, Xiao even considers the occasional exchange of bitcoins between individuals as legal. Owning bitcoin has been deemed legal because it is considered property or a commodity of value in many major markets. Similarly,?occasional peer-to-peer (P2P) trading, as per Xiao, could be recognized as one of the rights of ownership and may not be punishable by law.

Bitcoin And Other Altcoins Continue Their Stay In The Green, As Confidence Mounts Of A Greater Bull Market
This year is quite the opposite of 2018 in the cryptocurrency ecosystem. While last year was dominated by adverse reports about cryptocurrencies and how they were plunging in value, this year has primarily experienced massive comebacks. In particular, Bitcoin has led a significant rally since early April, and it seems not to be ending any time soon. Bitcoin is still in a relentless bull market According to data on CoinMarketCap, Bitcoin rallied 99.81% between April 02 and May 16, 2019, where it gained $4,145.9 to settle at $8,299.71. Before April 03, Bitcoin had not touched the psychologically $5,000 resistances level since late November 2018. However, the cryptocurrency hit $5,127 April 3, and the rally has been relentless ever since.

Bank Of China Confirms That Owning Bitcoin Is Still Legal In China
A Bank of China?s Law Research Association council member has clarified that Chinese citizens are still allowed to own Bitcoin (BTC) despite the ban on cryptocurrency trading that was instituted a while back. This is huge news in the Crypto world, a significant step forward in the mainstream adoption of this digital asset. The council member who goes by the name Sa Xiao made the announcement in a recent research release, in which he pointed out that Chinese people can still lawfully own Bitcoin. It is contrary to the common belief that Bitcoin and other cryptocurrencies are illegal and have been, ever since China instituted a crypto ban.
May 24, 2019 3:08 PM

AT&T lets its customers pay with Bitcoin with help of Bitpay
Posted by S?ren Petersen | May 23, 2019 | Bitcoin AT & T's The Death Star logo can really have been a moon, but the telecom giant today announced that they will start accepting krypto for paying bills using BitPay. As it stands, the crypto payment is not extended to other AT&T services, such as buying phones or other devices, and from time to time BitPay will not work in AT & T's store fronts. That said, the company noted in a statement that its customers are using crypto assets and that the new offer is intended to give them their preferred solution. "We are always looking for ways to improve and expand our services," says Kevin McDorman, Vice President at AT&T. cryptocurrencyand we are pleased that we can offer them a way to pay their bills using the method they prefer. ?
May 23, 2019 10:11 PM

AT&T just made it possible to pay your phone bill with bitcoin
Have some spare bitcoin kicking around? You can put it toward your phone service. AT&T says it has become the first big US wireless carrier to accept cryptocurrency for online phone bill payments. Choose the BitPay option at MyAT&T and you can cover your bill with bitcoin instead of conventional funds. You can't use this in-store, alas, but it could make sense if you'd rather save old-school money for other purposes. Will this see a lot of use in the near future? Probably not. Bitcoin and other cryptocurrencies still tend to be volatile, and they're still fighting for legitimacy in the public eye. It shouldn't hurt AT&T to experiment with the feature, however, and it might be helpful in the long run if and when digital currency becomes commonplace.
May 23, 2019 8:04 PM

Famed Bitcoin bull Tim Draper rehashed his position that Bitcoin would exceed 250,000 by 2023. Draper and other supporters believe that the next phase of adoption will consist of making available easy payments using Bitcoin.
After months of relative dormancy, Bitcoin is having a big month. After hovering around $4,000 for most of 2019, this spring has brought a thaw to a year-long crypto winter that has kept prices constrained. First, the digital currency broached the $6,000 price point, a critical resistance level for ultimately higher valuations. The token even briefly reached $8,000 for the first time since last summer. These positive price signals are rekindling a conversation about the role of digital currencies and their disruptive potential. In an interview with Fox Business, famed Bitcoin bull Tim Draper, rehashed his position that Bitcoin would exceed 250,000 by 2023.
May 23, 2019 12:38 PM

Why Is Bitcoin's Price And Its Popularity Rising
Bitcoin is the cryptocurrency which put blockchain and digital assets in the limelight. The currency, created by the mysterious Satoshi Nakamoto, was first invented in 2009, but it gained worldwide popularity in subsequent years, as its value continued to increase beyond anyone?s imagination. Today, the volatile and popular digital asset continues to make major headlines on a weekly basis. More people are getting interested in learning how to make money with Bitcoin, tempted by the success stories often popularised on media channels. Concurrently, warnings from state agencies and high profile traditional market investors have also dampened some of the enthusiasm.
May 23, 2019 8:12 AM

Dutch Man Arrested Over $2.2 Million Bitcoin Mining Fraud
A 33-year-old man in the Netherlands has been arrested for bitcoin mining fraud worth over ?2 million ($2.2 million). Dutch tax authority?s investigative department, FIOD, announced the news Monday, saying that the man was a director of two private limited companies where he convinced around 100 people to buy computers for mining bitcoins that he probably never purchased. The man is accused of fraud, forgery, and money laundering, the department said, adding that he allegedly spent investor money on luxury items such as cars, motorbikes, travel, and gambling. The suspect started his businesses in 2017 by promising investors return of around 0.3 bitcoin a month (currently worth around $2,389). When investors did not get the returns and their mining computers back, several of them filed complaints.
May 23, 2019 7:53 AM

Bulgaria Betting on Bitcoin, Holds Over 200,000 BTC in Reserve
Home ? Bulgaria Betting on Bitcoin, Holds Over 200,000 BTC in Reserve Bulgaria has been patiently stockpiling large amounts of Bitcoin. The country allegedly has over 200,000 BTC. Bulgaria is betting big on Bitcoin (BTC). The country is allegedly sitting on a vast amount of BTC wealth which it is holding in reserves. The country acquired the BTC during operation PRATKA when it seized the cryptocurrency from criminal enterprises in Macedonia, Greece, Romania, and Serbia. Currently, Bulgaria?s gold reserves are estimated to be worth around $2.5B. By comparison, Britain holds around $12.8B in gold. However, if BTC were to spike to $100,000 in the long-term, Bulgaria?s BTC stash would balloon past Britain?s entire gold reserves and be worth around $20B. By current estimates, Bulgaria is likely the second largest owner of BTC in the world.
May 22, 2019 5:14 PM

Happy Birthday Bitcoin! 10 Facts, 1 Per Year, To Celebrate - Digital Terminal
By traditional measures, 10 years isn?t much of a history. Fortunately Bitcoin, and crypto in general, is anything but traditional. To celebrate the decade-long venture that has been cryptocurrency enjoy these 10 interesting facts, 1 for each year of Bitcoin?s existence. 2008: The ?Bitcoin: A Peer-to-Peer Electronic Cash System.? white paper was published under the pseudonym ?Satoshi Nakamoto? (duh). 2009: The first Bitcoin ?Genesis Block? was mined, the first transaction was made and the first iteration of the BTC software was released. 2010: The first purchase of physical goods using Bitcoin was made when Laszlo Hanyecz paid 10,000 for roughly $25 worth of pizza.
May 22, 2019 9:19 AM

Aggregated knowledge base entries about Bitcoin (BTC) Titles not entered by Crypto.BI and are Copyright(C) their original authors.