INSIDER
Bitcoin ATM scams skyrocket tenfold from 2020 to 2023, FTC says
Read full article: Bitcoin ATM scams skyrocket tenfold from 2020 to 2023, FTC saysCryptocurrency scams are booming, and some scammers are now tapping into Bitcoin ATMs (BTMs) to increase their returns after the machines have been popping up in convenience stores, gas stations and other high-traffic areas for years.
An Australian computer scientist who claimed to invent bitcoin referred to prosecutors for perjury
Read full article: An Australian computer scientist who claimed to invent bitcoin referred to prosecutors for perjuryA London judge who found that an Australian computer scientist falsely claimed to be the mysterious creator of the bitcoin cryptocurrency says he will refer the case to British prosecutors for possible perjury charges.
Bitcoin's latest 'halving' has arrived. Here's what you need to know
Read full article: Bitcoin's latest 'halving' has arrived. Here's what you need to knowThe “miners” who chisel bitcoins out of complex mathematics are taking a 50% pay cut — effectively reducing new production of the world’s largest cryptocurrency, again.
UK high court rules Australian computer scientist is not mysterious bitcoin founder as he claims
Read full article: UK high court rules Australian computer scientist is not mysterious bitcoin founder as he claimsBritain’s high court has ruled that an Australian computer scientist is not, as he claimed, the mysterious creator of the bitcoin cryptocurrency.
Regulators approve new bitcoin funds in move that could spur more investment in the digital currency
Read full article: Regulators approve new bitcoin funds in move that could spur more investment in the digital currencyThe Securities and Exchange Commission has reluctantly approved trading of the first exchange-traded funds that hold bitcoin.
Texan Bitcoin miners profit by using less electricity; advocates say all Texans should get the same chance
Read full article: Texan Bitcoin miners profit by using less electricity; advocates say all Texans should get the same chanceBitcoin miner Riot Platforms made headlines over the summer for making millions by selling pre-purchased power back to the grid. The news highlighted how the grid can benefit businesses more than consumers.
Crypto Series event in San Antonio aimed at educating about cryptocurrency, NFTs
Read full article: Crypto Series event in San Antonio aimed at educating about cryptocurrency, NFTsThe event was aimed at educating the community about the shift to digital currency and to make the digital world less intimidating.
AP sources: Biden to issue executive order on cryptocurrency
Read full article: AP sources: Biden to issue executive order on cryptocurrencyPresident Joe Biden is expected to sign an executive order on cryptocurrency this week that will mark the first step toward regulating how digital currency is traded.
IMF urges El Salvador to scale back its Bitcoin push
Read full article: IMF urges El Salvador to scale back its Bitcoin pushThe International Monetary Fund says that El Salvador should dissolve the $150 million trust fund it created when it made the cryptocurrency Bitcoin legal tender and return any of those unused funds to its treasury.
Bitcoin trial: Defendant wins dispute over $50B in Bitcoin
Read full article: Bitcoin trial: Defendant wins dispute over $50B in BitcoinCraig Wright, a computer scientist who claims to be the inventor of Bitcoin, prevailed in a civil trial verdict Monday against the family of a deceased business partner that claimed it was owed half of a cryptocurrency fortune worth tens of billions.
Texas Republicans want to make the state the center of the cryptocurrency universe
Read full article: Texas Republicans want to make the state the center of the cryptocurrency universeTexas Republicans have largely welcomed the blockchain technology industry with open arms. But skeptics are concerned about cryptocurrency mining’s impact on the environment and energy grid.
Bitcoin tops $66,000, sets record as crypto goes mainstream
Read full article: Bitcoin tops $66,000, sets record as crypto goes mainstreamBitcoin stormed above $66,000 for the first time on Wednesday, riding a wave of excitement about how the financial establishment is increasingly accepting the digital currency’s rise.
China says all crypto transactions illegal; Bitcoin tumbles
Read full article: China says all crypto transactions illegal; Bitcoin tumblesChina’s central bank has declared all transactions involving Bitcoin and other virtual currencies illegal, stepping up a campaign to block use of unofficial digital money.
Bitcoin jumps on speculation that Amazon considering crypto
Read full article: Bitcoin jumps on speculation that Amazon considering cryptoBitcoin’s price surged again Monday after speculation that Amazon may be entering the cryptocurrency sector after it posted a job seeking a “digital currency and blockchain product lead.”.
Chinese banks promise to step up cryptocurrency ban
Read full article: Chinese banks promise to step up cryptocurrency banChina’s biggest banks have promised to refuse to help customers trade Bitcoin and other cryptocurrencies after the central bank said executives were told to step up enforcement of a government ban.
El Salvador president wants Bitcoin as legal tender
Read full article: El Salvador president wants Bitcoin as legal tenderEl Salvador President Nayib Bukele has announced in a recorded message played at a Bitcoin conference in Miami that next week he will send proposed legislation to the country’s congress that would make the cryptocurrency legal tender in the Central American nation.
Fed's Powell: Public should understand risks of Bitcoin
Read full article: Fed's Powell: Public should understand risks of BitcoinPowell said Monday, March 22, 2021, that the U.S. public needs to understand the risks behind Bitcoin and other crypto currencies, even as the central bank itself is studying the potential costs and benefits of a digital dollar. (AP Photo/Susan Walsh, Pool, File)WASHINGTON – Federal Reserve Chair Jerome Powell said Monday that the U.S. public needs to understand the risks behind Bitcoin and other cryptocurrencies, even as the central bank itself is studying the potential costs and benefits of a digital dollar. “They’re highly volatile, see Bitcoin, and therefore not really useful as a store of value,” Powell said in remarks to a virtual summit hosted by the Bank for International Settlements. There is also the risk that a digital currency could be held by individuals electronically and could therefore bypass banks. “Private stable coins are not going to be an appropriate substitute for a sound monetary system based in central bank money.”
Cost of a single Bitcoin exceeds $50,000 for first time
Read full article: Cost of a single Bitcoin exceeds $50,000 for first time– The seemingly unstoppable rise of Bitcoin continued Tuesday with the cost of a single unit of the digital currency rising above $50,000 for the first time. Bitcoin is rallying as more companies signal the digital currency could eventually gain widespread acceptance as a means of payment. Some businesses also accept bitcoin, but its popularity has stalled out in recent years. Overstock.com appears to accept Bitcoin for most listings on its website, including cameras, vacuums and clothes. When this bubble bursts and at what price Bitcoin settles at is anyone’s guess,” Reiners said.
Bitcoin, seemingly omnipresent, crosses the $50,000 mark
Read full article: Bitcoin, seemingly omnipresent, crosses the $50,000 markThe Bitcoin logo appears on the display screen of a crypto currency ATM at the Smoker's Choice store, Tuesday, Feb. 9, 2021, in Salem, N.H. The price of Bitcoin has soared over the past months. – After a wild week in which Bitcoin soared to new heights, Bitcoin crossed the $50,000 mark early Tuesday. Bitcoin rallied throughout the as more companies signaled the volatile digital currency could eventually gain widespread acceptance as a means of payment for goods and services. Bitcoin has been mostly seen as a store of value, like gold, with very few places to spend it.
Tesla buys $1.5B in Bitcoin, will accept as payment soon
Read full article: Tesla buys $1.5B in Bitcoin, will accept as payment soonTesla says it has invested more than $1 billion in Bitcoin and will accept the digital currency as payment for its electric vehicles. Electric automaker Tesla said Monday that it has invested around $1.5 billion in Bitcoin and it plans to begin accepting the digital currency as payment for its high-end vehicles soon. The price of Bitcoin soared 15.4% to around $44,500 Monday in reaction to Tesla's announcement, according to CoinBase. Bitcoin has drawn enthusiasts for its scarcity and security, but the volatile digital currency still is not widely used to pay for goods and services. It's mostly been a store of value, like gold, with some limited merchants like Overstock accepting bitcoin for payment.
German authorities struggle to crack Bitcoin access code
Read full article: German authorities struggle to crack Bitcoin access codeChances are, you have heard about horror stories of Bitcoin owners losing or forgetting passwords that could unlock millions and millions of dollars. They say a man sentenced to jail and has since served his term but maintained his silence while police made repeated failed efforts to crack the Bitcoin access code. He reportedly kept his mined Bitcoin in a password-protected digital wallet, which is a common way to hold the digital currency. According to the the New York Times, about $140 billion dollars in Bitcoin, or about 20%, is stranded in wallets because owners forgot their passwords. AdAs the crypto currency has ballooned in the last few months, locked-out owners have watched the value climb.
Bitcoin crosses $40K mark, doubling in less than a month
Read full article: Bitcoin crosses $40K mark, doubling in less than a monthBitcoin has crossed the $40,000 mark, extending on a huge rally that started three months ago, Thursday, Jan. 7, 2021. Now only a few days into 2021, the price of bitcoin has crossed $40,000. Nothing's new with the digital currency in the month since it crossed $20,000 — there's been no major change in how it can be used. The digital currency made its big Wall Street debut in December 2017, when the major futures exchanges rolled out bitcoin futures. The currency's value plunged sharply in 2018, and by December of that year Bitcoin was worth less than $4,000 a coin.
Bitcoin is skyrocketing. What does it mean for investors?
Read full article: Bitcoin is skyrocketing. What does it mean for investors?The reason is the price of Bitcoin, the most popular form of cryptocurrency, which has skyrocketed to record levels. The price of Bitcoin on Sunday was more than $33,000, a record high, before dropping to over $31,000 on Monday morning. But what exactly is it, and what does it mean for investors in the short term and long term? It’s a similar concept to having tokens in an arcade or casino chips, and exchanging real money for them or cashing them out for real money. Many feel Bitcoin is the currency of the future and want to buy it now.
How the dark web is fueling the opioid crisis in America
Read full article: How the dark web is fueling the opioid crisis in AmericaHomeland Security Investigations is trying to fight the opioid crisis by providing virtual currency training to law enforcement departments around the nation. HSI said that drug dealers are taking advantage of the dark web and digital currency, like Bitcoin, to sell opioids and other narcotics anonymously. The HSI training teaches law enforcement departments to know what to look for when investigating narcotics trafficking on the dark web. San Antonio departments will be taking part in the training in the near future. To read the full story, click here.