New Zealand gives a vote of confidence in bitcoin, while the US remains wary

Kiwis can now get paid in crypto. Bitcoin faces legal uncertainty in much of the world, but this month the cryptocurrency received a major vote of confidence in New Zealand. In its August tax information bulletin (pdf), the country’s Inland Revenue...

IS BITCOIN AN OPTION IN ARGENTINA AS STOCK MARKET COLLAPSES

There have been a number of cases recently where people have flocked to bitcoin as their own economies face uncertainty. China, Britain and Venezuela are the prominent examples but now Argentina may be added to that list as their currency and stock markets crumble....

Why Bitcoin: Negative-Yielding Bonds Hits $15 Trillion

Opinion: Bitcoin is Needed Now More Than Ever If you told economists twenty years ago about Bitcoin (BTC) and negative-yielding debt, they would be shocked. In the 1990s or even the 2000s, decentralized digital money and a bond that made your money disappear...

This Bank Gave Bitcoin to Its Entire Staff. Now It’s Taking Crypto Clients

A small bank in New York City has started doing business with cryptocurrency firms, joining the very short list of U.S. financial institutions to embrace the sector. Quontic Bank opened a checking account for a bitcoin ATM company a few weeks ago and is in the...

Controversy: Shark Tank’s Kevin O’Leary Bashes Bitcoin After Saying it Was Here to Stay Back in 2013

Kevin O’Leary, the popular investor featured on the well-known Shark Tank TV series, has been discussing Bitcoin and cryptocurrencies over the past week. His current stance is rather definitive, as he holds that they have no intrinsic value and fail as an...

Indian Government Confirms Intentions to Prohibit Cryptocurrencies

In a recent court hearing that was set for August 8, 2019, the government of India asked the Supreme Court to postpone the hearing against the cryptocurrency ban to January 2020 as they wish to open the blanket ban bill for discussion in the Winter session...

Bitcoin Is Now Being Seen as a Safe Haven Asset, Analyst Argues

Chris Reinertsen, the chief marketing officer of Rhythm Technologies, has recently argued bitcoin is now being treated as a safe haven asset by investors looking to hedge against global uncertainties. Speaking to Forbes, Reinertsen revealed he believes recent...

ONE SATOSHI IS NOW WORTH MORE THAN 7 NATIONAL CURRENCIES

The Rundown A satoshi isn’t worth much, but that’s by design. At one hundred-millionth of a bitcoin, it’s the smallest unit BTC is divisible into. If bitcoin price hits $1 million, then a microbitcoin (mBTC) will be worth a dollar, and a satoshi, the equivalent of one...

PETER SCHIFF WILL REGRET BEING WRONG ABOUT BITCOIN: POMPLIANO IN CNBC DEBATE

Gold bug Peter Schiff will be “kicking himself forever” if he turns out to be even 1% wrong about Bitcoin. That was the conclusion from Anthony ‘Pomp’ Pompliano, co-founder of Morgan Creek Digital and a serial Bitcoin proponent, during the cryptocurrency world’s...

BITCOIN IS THE ‘MOST SPECTACULAR’ CRYPTOCURRENCY: EX-CENTRAL BANKER

The former governor of Brazil’s central bank thinks Bitcoin is “spectacular,” heaping praise on the cryptocurrency in a mainstream media article.  FRANCO: BITCOIN WOULD BE A MULTI-BILLION DOLLAR BUSINESS In an opinion piece published by local news...