Nazis are Using Bitcoin, US Gov’t Officials Warn

According to the US House Financial Services Committee, the nature of Bitcoin and other cryptocurrencies allows Nazis and domestic terrorists to fund their activities. US officials voice concerns over Bitcoin terrorist financing This Wednesday, a US House Financial Services Committee held a hearing during which its members addressed the topic of cryptocurrencies. US Congressman, Brad Sherman of California, took the lead by stating that cryptos’ security and secrecy allows domestic terrorists to fund their operations in the US. Congressman Sherman specifically claimed that white supremacists are using Bitcoin, claiming that,…

36% of U.S SMEs Now Accept Cryptocurrency Payments

About one-third of US-based small and medium-sized enterprises (SMEs) accept cryptocurrency as a payment for their goods and services, according to a survey commissioned by American insurer Hartford Steam Boiler (HSB), a subsidiary of German Munich Re. Newer Companies Are More Crypto-Friendly HSB’s survey found that newer companies are twice as likely to accept cryptocurrency payments and trade in digital credits. Specifically, 47% of businesses accepting cryptocurrencies have been around for five years or less, compared to 21% of companies older than two decades. In general, the study carried out…

How To Earn Bitcoin: The Definitive Passive BTC and Crypto Income Guide

Have you ever wondered how you can earn bitcoin passively in the modern crypto age? Well look no further, here is the perfect guide to help you get started. Bitcoin has generated massive returns since it began publicly trading in 2010. BTC has had it’s bearish periods but the overall trend has remained very bullish. The graph below shows the market cap of Bitcoin from 2014 to date. It is clearly evident that Bitcoin has garnered much prominence as an investable asset. This can be seen from the various BTC-…

Happy Bitconnect RIP Day Everybody

Bitconnect, one of the most notorious and widespread pyramid schemes in crypto history, crashed two years ago today. BitConnect Scheme Unraveled as Bitcoin Moved Away from Peak Prices The crypto lending scheme, known for its mass-audience meetings and pervasive messages, promised huge rates of return, depending on always-booming BTC prices. At its peak, BitConnect (BCC) token reached prices close to $600. Magical words that the history gives us.#BitConnect Ponzi scheme. Thanks to these kind of scams, #crypto has a bad fame for some (ignorant) people. https://t.co/Mh0HxiqyQ5 — The Copilot |…

Hodlonaut v Craig Wright: Case Moves to Norway

The court case against Twitter persona Hodlonaut filed by Craig S. Wright has been dismissed on grounds of lack of jurisdiction. The case is now expected to take place in Norway instead. Hodlonaut Case to Move to Norway for Final Resolution Hodlonaut, known for staunch Bitcoin support, was legally pursued last year by Craig Wright for calling him a fraud over social media. It came at a time when a group of well-known twitter users were calling simultaneously calling Craig Wright a liar for labelling himself as Bitcoin’s creator.  Now,…

Bitcoin To Hit $33k By July, Because… History

As you are likely aware, some time in May this year, the Bitcoin network will experience its third halving event. The increased awareness of Bitcoin since the last halving event in 2016, has meant a flood of predictions this time around. 5,333% Bitcoin ROI Between Halvings As pointed out in a tweet by CryptoBull, the return on investment (ROI) for Bitcoin between the first (11/2012) and second (9/2016) halvings was an impressive 5,333%. Bitcoin ROI from 1st halving to 2nd halving: 5,333%. We are currently up 1,338% since the 2nd…

Bitcoin Clinches Top Spot in Crypto Social Media Mentions

Bitcoin is the most mentioned term related to innovative value transfer systems, data from social media on the topic of payment and fintech, reveals. BTC received 957 mentions in December, as the coin wrapped up a stunning decade of price appreciation. Bitcoin Leads Social Media Activity After Encouraging Performance in 2019 Analysis of social media activity by GlobalData revealed Ethereum was also an often-mentioned term, with 158 mentions in December. The coin is not as prominent itself but has become the basis for a wider system of tokens and payment…

Bitcoin Whale Moved $1 Billion, But Who Was It?

Another “whale” transaction went smoothly through the Bitcoin blockchain, this time moving $1 billion in value in a single transfer. Big Transfer Coincided with Spectacular Market Rally The move happened just as bitcoin was going through another rally, battling out the $8,700 resistance level. Blockchain analysis discovered the transfer happened between cold wallets belonging to the Bitfinex exchange. The transfer also coincided with one of the most spectacular moves of Bitcoin SV (BSV), which kept breaking price records in the past day. At that time, ByteTree noted the transaction, sparking…

Are Bitcoin Hash Rates and Difficulty Really Related to BTC Prices?

Today’s crypto pump may all be about the altcoins but on-chain bitcoin metrics have shown continual improvement over the past year. Hash rates are at all-time highs just as BTC price taps a two month peak, but are they connected? Fundamental Metrics Strengthen Hash rate has always been considered a good sign of network health. It is not directly correlated to price in the shorter term but does increase network security and horsepower over a longer time frame, which of course is bullish. Since the beginning of 2019, bitcoin hash…