In the past week, online payment leader PayPal announced that they were abandoning Facebook’s stablecoin currency project, Libra, joined now by eBay, Stripe, and Mastercard. The charter hasn’t even been signed yet, and these four founding members have already bailed. In addition, Visa announced that they have “decided not to join the Libra Association at […]
The $10 Billion Dollar Bitcoin Lawsuit
Australian billionaire Craig Wright has claimed to be Satoshi Nakamoto, the creator of Bitcoin. Many prominent people in the industry have debunked his claim and some seem to consider it an elaborate hoax. When he recently attempted to sue Roger Ver, early investor in Bitcoin and current Bitcoin Cash promoter, for libel and tainting his […]
Why Buy Bitcoin from an ATM?
You could be sitting at home, in front of your computer, and buy or sell Bitcoin online, in your pajamas. Why would you want to go in person to a location with a Bitcoin ATM to make a transaction? Here are 3 Good Reasons to Use A Coinsource Bitcoin ATM: It Uses CashUsing a Bitcoin […]
Who is Hacking Crypto Exchanges?
Blockchain technology is inherently very secure with unique built-in security features but it is not “unhackable” as history has shown. At the end of July, the United Nations released a report accusing North Korea of using “widespread and increasingly sophisticated” hacks to collect roughly $2 billion in cryptocurrency and fiat currency. Writing for Coindesk recently, […]
Another Bitcoin Price Surge
At the end of August 2019, market watchers were talking about key indicators showing that the price of Bitcoin was getting ready to surge. Some analysts are calling bull and some are calling bear. Finance writer for Cointelegraph, Horus Hughes, said some traders were concerned about Bitcoin’s struggle to stay above $10,000 through August. However, […]
Cryptocurrency News
Bitcoin Bull Market September is starting out with a bull market for Bitcoin (BTC). And when Bitcoin value goes up, most other cryptocurrencies benefit. According to Cointelegraph, the most popular altcoin (meaning not Bitcoin) is Ether (ETH). Ethereum Classic (ETC), Binance Coin (BNB), Bitcoin Cash (BCH) and Bitcoin SV (BSV) are all enjoying a September […]
Where is Bitcoin Value Headed?
On January 1 of this year, the price of a single bitcoin was just below $4,000 and has exploded in price since then, going higher than $13,000, drifting back down into the $12,000 and high $11k range and is now in the mid-$10s. Since its introduction in 2009, bitcoin has fluctuated wildly in price, from […]
Bitcoin and Energy Consumption
Stunning headlines recently reported that “Bitcoin consumes more energy than Switzerland”. You may be wondering how that works and how a virtual object like a bitcoin, that you can’t see or touch, could use any energy at all. Here’s what they’re talking about. An online tool called the Cambridge Bitcoin Electricity Consumption Index, or CBECI, […]