Bitcoin
New EU Rules To Institute Crypto For Cross-Border Payments By 2024

New EU Rules To Institute Crypto For Cross-Border Payments By 2024

Two new European Union documents have proposed a four-year window for incorporating crypto assets into the E.U.’s payment infrastructure. The documents include plans for the E.U. executive to put forward a law to iron out any regulatory kinks and if necessary create new regulation for crypto adoption in the E.U. New Rules To Bring Regulatory Clarity According to Reuters, the European Commission is especially keen to press ahead with crypto adoption because the pandemic lockdowns exposed a failure point in the existing cash-dominated order. To this end, the EC believes that switching to instant payments is now a priority. In order to achieve this,…

What if Satoshi Nakamoto was Satoshi Nakamoto

What if Satoshi Nakamoto was Satoshi Nakamoto all along?

Leah McGrath Goodman, the Newsweek journalist who named Japanese-American man Dorian Satoshi Nakamoto as Bitcoin’s founder in 2014, is doubling down on her claim. In an Aug. 25 episode of the Pomp Podcast with Anthony Pompliano, McGrath Goodman revealed details of the research regarding her original Newsweek story including her written correspondence with Dorian Nakamoto. The journalist took Pomp through her investigation, saying that it had been relatively simple to contact some of the “top ten” Bitcoin pioneers over email prior to publication of the March 2014 story. Gavin Andresen and Hal Finney each provided key information that led McGrath Goodman to…

7M Americans Own BTC But Hold None In Retirement Accounts

Over 7M Americans Own BTC But Hold None In Retirement Accounts

Millions of U.S. citizens own both Bitcoin and a retirement account, but hold no Bitcoin in that retirement account. Ryan Radloff, CEO of custody solution Kingdom Trust, recently explained a vast number of Americans do not hold Bitcoin (BTC) in their retirement accounts. “There’s 7.1 million Americans that have already made the leap to buy Bitcoin or take the dive into our industry so to speak, and have a retirement account, but don’t have Bitcoin in their retirement account,” Radloff told Morgan Creek Digital co-founder Anthony Pompliano in a July 18 interview. People have more to spend on Bitcoin in their…

Over 2,500 Austrian Merchants Can Now Accept Cryptocurrency Payments

Over 2,500 Austrian Merchants Can Now Accept Cryptocurrency Payments

More than 2,500 merchants in Austria can accept three types of cryptocurrencies via the payment processor Salamantex. The company explained that the system was tested with a number of select A1 5Gi network shops. Since the Covid-19 outbreak, contactless payments have been trending more so than they ever were before. There are a number of traditional services that remove cash from the equation, but cryptocurrencies also provide the same ends except the means are decentralized. This week the Austrian payment processor Salamantex announced that 2,500 merchants in the country will be able to support three different crypto assets via the system. The…

Kazakhstan Needs National Crypto to Fight Corruption

Kazakhstan Needs National Crypto to Fight Corruption, Says Local Official

Kazakhstan’s digital tenge has the potential to provide “full transparency in movement of budgetary funds,” chairman at local anti-corruption service says. The Chairman of Kazakhstan’s anti-corruption service has called on the government to develop a national digital currency to fight corruption in the country. Alik Shpekbayev, chairman of Anti-corruption Agency of the Republic of Kazakhstan, reportedly said that national digital currencies like China’s digital yuan should contribute to a more transparent financial system. The news was reported by local news agency Kazinform on July 21. National digital currency is expected to cut cash transactions According to the official, an implementation of the national digital…

Use DeFi Contracts for BTC Passive Income by Andreaw Antonopoulos

Andreas Antonopoulos: Use DeFi Contracts for BTC Passive Income

HODLing Bitcoin may pay off eventually, but it means one’s money isn’t working for them now, says Andreas Antonopoulos. Bitcoin educator Andreas Antonopoulos says there are risks behind any current method of earning steady income with one’s Bitcoin holdings, but DeFi offers one of the few ways to do so without “giving your money to other people.” In a livestream Q&A on Antonopoulos’ YouTube channel on June 27, he said decentralized finance (DeFi) contracts were one way for Bitcoin (BTC) owners to generate passive income without relinquishing custody of their coins. “Passive income” refers to money earned using methods that require little-to-no effort. According…

ROBERT KIYOSAKI: GOT GOLD, SILVER, AND BITCOIN

RICH DAD POOR DAD AUTHOR PROMOTES BITCOIN: “FEDERAL RESERVE IS DEAD”

There are many investors that are still hesitant to get involved with Bitcoin. They make comments like cryptocurrencies are hard to own, BTC is for criminals, and other sentiments along those lines. Yet a prominent financial educator and entrepreneur says that owning Bitcoin, silver, and gold is a wise decision. Here’s why he thinks so. ROBERT KIYOSAKI: GOT GOLD, SILVER, AND BITCOIN? According to Robert “Rich Dad” Kiyosaki, an American entrepreneur and author, the “Federal Reserve is dead.” He cited the increase in so-called “zombie companies” and their respective debts, purportedly at $900 billion. Kiyosaki writes that the debt “zombies” have will…

Bitcoin and cryptocurrencies the perfect hedge in the Covid-19 crisis

Are Bitcoin and cryptocurrencies the perfect hedge in the Covid-19 crisis?

As the Covid-19 crisis continues to disrupt global markets, is it time to hedge Bitcoin, cryptocurrencies and other digital assets? The economic effects of Covid-19 have sent investors in search of assets that can offer shelter during the storm and a hedge against macro events. Against a backdrop of shrinking GDP, economic slowdown, government bailouts, and fiscal stimulus aka money printing, bitcoin and cryptocurrencies have been touted as an inflation-resistant hedge. Not beholden to the whims of any political leader or global superpower, crypto assets are defined by their fixed, knowable, and verifiable supply. They cannot be debased or flooded…

Revolut Sees 57% Jump in Crypto Demand with COVID-19 Lockdown

Revolut Sees 57% Jump in Crypto Demand with COVID-19 Lockdown

Revolut, a UK-based payments unicorn, has reported a significant jump in the number of its clients trading cryptocurrencies on its application. According to the data published by the payments company, the number of Revolut users trading digital currencies surged 68 percent in April. The Most Diverse Audience to Date at FMLS 2020 – Where Finance Meets Innovation The massive spike in demand in Bitcoin and other cryptocurrencies was witnesses following a 52 percent drop in the average value of each trade in March. Towards the end of April, the average sum of digital currencies purchased by each user also jumped by 57…

Russia’s Biggest Bank Is Buying 5,000 Blockchain ATMs That Can Mine Crypto

Russia’s Biggest Bank Is Buying 5,000 Blockchain ATMs That Can Mine Crypto

Russia’s biggest bank is spending more than $100 million on 5,000 blockchain enabled ATMs … that are capable of mining cryptocurrency. Russia’s largest bank, Sberbank, has called for tenders to provide 4,917 ATMs with a built-in graphic card capable of supporting “blockchain operations”. Cointelegraph spoke with two experts who said the most obvious use case for a blockchain optimized graphics card is mining cryptocurrency. Sberbank is Russia’s oldest and largest bank and holds almost 44% of all personal deposits in the country. It operates 14,200 branches and 77,000 ATMs across the country. The state is its largest shareholder and its Chairman and CEO, Herman…