Bitcoin

Giant consulting firm Accenture’s 2022 Payments report has revealed that more users are turning to virtual assets as a payment method. This is despite the unstable condition of the crypto market over the past year. The future is digital, even for face-to-face payments.” Next-Gen Payment Options on the Rise The company took a survey of 16,000 customers in 13 countries across Asia, Europe, Latin America, and North America. According to the survey, banks and traditional finance systems, including credit cards…

Five Bitcoin addresses with ties to QuadrigaCX – a defunct Canadian Bitcoin exchange – are seeing some renewed activity.  According to on-chain sleuth ZachXBT, about 104 Bitcoin worth roughly $1.7 million unexpectedly moved on December 17 from five wallets connected to QuadrigaCX. The last time funds had moved from those addresses was in April 2018.  A nearly identical number of Bitcoin moved from Quadriga-controlled wallets on February 16, 2019, according to an Ernst and Young report. They moved to wallets…

Cory Klippsten – CEO of Swan Bitcoin – is unhappy with Consensus Magazine’s apparent failure to give Bitcoiners the credit they deserve. Klippsten confronted the magazine’s chief, Ben Schiller, in a Twitter Spaces on Wednesday, curious as to why no Bitcoin-focused developers or influencers had been mentioned in CoinDesk’s Most Influential 2022. When asked to name a Bitcoiner that he thinks “matters” Schiller struggled to produce an answer.  The CoinDesk Controversy CoinDesk’s Most Influential 2022 was a list of 50…

Economic journalist Max Keiser recently joined Fox News host Tucker Carlson to discuss how FTX went bankrupt. The two personalities discussed how Bitcoin can fix corruption within the financial system, including at FTX and on Wall Street.  Crypto and Financial Corruption In an interview released on Monday, Tucker began by suggesting that FTX’s collapse may be used as an excuse to regulate the crypto. However, Max Keiser argued that Bitcoin is “designed” to be attacked, and only grows more resilient…

Binance released its highly anticipated proof of reserves (PoR) on Friday, providing blockchain-based evidence for the Bitcoin on its books.  However, many in the crypto community question Binance’s approach. Also, they aren’t fully sure they have the transparency they’re looking for. The Move to Proof of Reserves As Binance explained in its announcement, the exchange’s transparency system will add multiple tokens and networks within the next two weeks. For now, it solely validates its Bitcoin holdings.  The company’s initial audit…

Ethereum co-founder Vitalik Buterin spoke on Saturday about the crypto community’s tendency to enable and welcome nefarious actors.  He named El Salvador President Nayib Bukele as an example, accusing enthusiastic Bitcoiners of overlooking his “not democratic government.” Enabling Bad Actors In an interview with The Straits Times, Buterin discussed the numerous “small countries” whose governments are experimenting with crypto adoption. When asked whether such efforts were safe for the countries involved, the developer said it depends on how these efforts…

El Salvador’s government has presented a bill to congress for regulating cryptocurrencies and related assets beyond just Bitcoin.  The legislation brings the Central American country a step closer to its goal of issuing blockchain-based Bitcoin-bonds. The Digital Securities Law The “Digital Asset Issuance Law” was presented by a spokesperson for the Salvadoran presidency late Tuesday. The legislation seeks to establish a dedicated crypto commission and Bitcoin Fund Management Agency for overseeing crypto debt sales. Tether CTO Paolo Ardoino said on…

In a tweet on Thursday, El Salvador’s pro-Bitcoin president Nayib Bukele announced the nation’s plans to buy 1 Bitcoin per day, starting tomorrow, 18 November 2022. Tron Founder Justin Sun didn't spare a moment to jump into the conversation announcing he would follow in the nation’s footsteps.  We are buying one #Bitcoin every day starting tomorrow, Bukele stated. El Salvador’s BTC Reserves Suffer Major Losses Amid FTX Saga The nation recently celebrated its anniversary of adopting the leading cryptocurrency as…

MicroStrategy’s Executive Chairman Michael Saylor believes FTX’s collapse only reinforces the importance of Bitcoin – his favorite crypto asset.  The former CEO spoke at length last week about the primary cryptocurrency’s relationship with the rest of the digital asset market. Is the ‘crypto’ industry helpful or harmful in spreading Bitcoin adoption? Bitcoin’s Unique Attributes In a Coin Stories podcast episode published on Monday, Saylor said the biggest lesson from FTX’s meltdown was “Bitcoin; not crypto.” “This week highlights the contrast…