Elon Musk: Bitcoin HODLers ‘Deserve A Nobel Prize’

Tesla founder Elon Musk became the center of attention for the Bitcoin community again February 21 after revealing he still only owned 0.25 BTC. Musk: I Still Have 0.25 BTC, No Altcoins Following coverage of his describing Bitcoin as “brilliant” in a podcast by disruptive investment firm ARK Invest earlier this week, Musk tweeted that despite his enthusiasm, he had marginal…

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You Can Now Tip Twitter CEO Jack Dorsey Using Bitcoin’s Lightning Network

Twitter CEO Jack Dorsey has installed and publicly praised a consumer-grade tool for receiving tips via Bitcoin and the Lightning Network (LN). Dorsey Embraces Bitcoin In tweets February 20, Dorsey, who has come out highly bullish on both Bitcoin and more recently LN, continued his advocacy of the technology by championing Tippin.me. Tippin subsequently reached the top 225,000 most visited sites…

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5 Biggest Crypto Exchanges Combined Comprise Less Than 1% of JPMorgan

New research from Hacken System’s Crypto Exchange Ranks (CER) shows that traditional banks like JPMorgan and Bank of America dwarf the nascent cryptocurrency exchange industry. Uptown Top Ranking Cryptocurrency exchanges are like the banks of the industry, acting as intermediaries between traders, investors, projects and other stakeholders. But the metric used to compare exchanges (daily trade volumes) is open to abuse…

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Coinbase Neutrino Acquisition Reveals History Of Spying and Gov’t Data Selling

Cryptocurrency exchange Coinbase is facing an increasing publicity nightmare after it emerged the CEO of a company it took over sold private user data to governments. Coinbase: Neutrino ‘Will Help Prevent Theft’ Announced February 19, Coinbase now owns Italian blockchain surveillance startup Neutrino, having acquired the company for an undisclosed sum. “By analyzing data on public blockchains, Neutrino will help us prevent…

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Bitcoin Contributes 95% Of BitPay’s Business, CEO Confirms

Bitcoin payment processor BitPay conducts almost all its business using Bitcoin (BTC), its CEO has revealed in a marked U-turn on previous claims. BitPay Drops Bitcoin Bashing Speaking during a recent panel, Stephen Pair discussed the recent hard fork activity around the Bitcoin blockchain as a result of the Bitcoin Cash (BCH) split last November. “95 percent of our payments are…

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Top 5 Cities Embracing Bitcoin’s Lightning Network

Bitcoin’s Lightning Network implementation is going from strength to strength, but statistics about its growth make for interesting reading. 2019’s Big Bitcoin Trend Bitcoinist regularly reports on Lightning’s progress, with the ecosystem now breaking new records on a weekly basis. As a technology which is still very much in its earliest phases, however, what does Lightning actually look like today? Familiar…

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Indonesia Follows Venezuela With Giant Localbitcoins Bitcoin Trading Surge

Indonesia Bitcoin traders have fled cryptocurrency exchanges to Localbitcoins in the week the government enacted anti-money laundering regulations for the industry. Volume Up 300 Percent In A Week Data from Coin Dance, which tracks weekly Localbitcoins volumes in various markets, confirms a huge spike for the seven days ending February 16. Localbitcoins functions on a P2P basis with users creating and…

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Brock Pierce: My Mt. Gox Redemption Plan ‘Shows Power Of Bitcoin’

Venture capitalist and ex-Bitcoin Foundation director Brock Pierce thinks his plan to take over the Mt. Gox rehabilitation process “demonstrates the power of open source.” Avoiding Crypto ‘Lehman Brothers’ Speaking on the latest edition of the Keiser Report February 16, Pierce, who has gained mixed reactions to his ‘Gox Rising’ scheme, said community action was key to ensuring the defunct exchange…

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You Can Now Buy Bitcoin At The Post Office In Liechtenstein

The national post service of the small European country of Liechtenstein has confirmed it will now offer Bitcoin (BTC) sales as part of its product range. Liechtenstein Post: Bitcoin Exchange ‘No Different From Fiat’ In a press release, Liechtensteinische Post confirmed that as of February 15, anyone could exchange fiat currency for Bitcoin at its branch in the capital Vaduz. Part…

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Lightning Pizza Lets You Order Domino’s With Bitcoin For Less Than 1 Cent

A new consumer app enabling anyone in the US to order pizza using Bitcoin via the Lightning Network launched last week. LN Pizza ‘Spurs Awareness And Adoption’ Lightning Pizza, the latest offering from San Francisco-based Bitcoin payment app Fold, claims to be the “first Nation-wide retail service powered by lightning payments meant to spread utility and spur awareness and adoption.” Users…

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