The post Bitcoin News Summary – July 23, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. ????????????? Major US bank, Wells Fargo, will no longer allow its customers to purchase Bitcoin with their own funds. Specifically, the bank responded to a customer complaint on Twitter that ‘they do not allow transactions involving cryptocurrency.’ Last year, Wells Fargo banned the purchase of [Read More...]

The post Bitcoin News Summary – June 10, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. ????? America’s Securities and Exchange Commission filed a complaint against popular messaging app creator, Kik, for failing to register its recent “Kin” ICO as a securities sale. The SEC is seeking to impose a $100 million fine on the Canadian firm; about the same value [Read More...]

The post Bitcoin News Summary – July 1, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. ?????????? A video surfaced this week of an Iranian Bitcoin mining operation running inside a mosque, buildings which receive free electricity in the country. It was reported that $260k worth of Bitcoin has been mined inside 100 different Iranian mosques. Meanwhile, the government is shutting [Read More...]

The post Bitcoin News Summary – August 12, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. ????????????????? Binance clients take note; it appears that KYC data from around 10,000 users have been stolen from the exchange and leaked online. The hacker was attempting to blackmail Binance for 300 BTC or would otherwise release the users’ photos. Binance refused to comply with [Read More...]

The post Bitcoin News Summary – September 2, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin. ????? The trial between the self-proclaimed creator of Bitcoin, Craig Wright, and the family of his former partner, Dave Kleiman, was concluded this week. The judge found that Wright lied in his testimony and falsified evidence. The judge further ordered Wright to transfer 410,000 bitcoins thought to be [Read More...]

The post Bitcoin News Summary – September 23, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin. ???????? Financial giant, Wells Fargo is developing a U.S. dollar-linked stablecoin that will run on the firm’s blockchain platform. Dubbed Wells Fargo Digital Cash, the tokenized dollar will be used in a pilot for internal settlement across the company’s business.  Snowden’s new book, “Permanent Record,” sheds further light [Read More...]

The post Bitcoin News Summary – October 14, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin. ??????????? Some of the biggest corporate backers of Facebook’s Libra currency have withdrawn from the project, dealing a major blow to Facebook’s plans for a global cryptocurrency. Visa, MasterCard, eBay, and Stripe have all followed PayPal’s lead in bowing out of the Libra Association, just prior to its upcoming [Read More...]

The post Bitcoin News Summary – June 3, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. ???? The long-running exchange LocalBitcoins removed the ability for users to arrange in-person cash trades. Only online payment methods remain. This move comes soon after the imposition of more stringent KYC and AML requirements, and spells the end of an era. Bisq, HodlHodl, LocalCoinSwap and [Read More...]

The post Bitcoin News Summary – June 24, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. ????????? The bull trend continued this week, driven by Bitcoin’s breakout above the $10,000 level. After breaking through $9,000 resistance, Bitcoin gained momentum to reach as high as $11,150 on Saturday. These are the highest levels seen since June of 2018. In fact, according to [Read More...]

The post Bitcoin News Summary – July 15, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. ???????????? The Fold mobile app, which allowed discounted Starbucks purchases for Bitcoin is now back with Lightning Network support. Fold now allows for almost-feeless purchases at Amazon, Starbucks, Uber, Home Depot, Target, and more.  Bitcoin got its first mention by a sitting US president. Trump [Read More...]

The post Bitcoin News Summary – August 5, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. ??????????????? America’s Internal Revenue Service published on its official site regarding the 10,000 notices it sent out to crypto exchange users. The names of these taxpayers were obtained through various ongoing IRS compliance efforts. The notices remind citizens of their tax obligation and threaten consequences [Read More...]

The post Bitcoin News Summary – August 26, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin. ???? Online retailer, Rakuten, often described as the Amazon of Japan, announced the launch of its new crypto exchange app, Rakuten Wallet. Initially, supported cryptos are Bitcoin, Ethereum, and Bitcoin Cash.  The app is available for Android, with iOS coming next month.  Major crypto derivatives exchange, BitMEX, has [Read More...]

The post Bitcoin News Summary – September 16, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin. ??????? Bitmain opened sales for its new Antminer S17e and T17e Bitcoin mining ASICs this week. The first batch was quickly sold out. The units are said to achieve high efficiency with max hash rate of 64 Terahash per second but cost up to $2700. Crypto payment service [Read More...]

The post Bitcoin News Summary – October 7, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin. ?????????? Coinbase’s specialized exchange for advanced traders, Coinbase Pro, unexpectedly hiked its fees significantly. Beginning Monday, Coinbase Pro introduces a new tiered system whereby anyone trading under $10,000 per month will pay half a percent fee on every trade. Small traders are understandably unhappy with the new fee [Read More...]

The post Bitcoin News Summary – May 27, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. ???? Facebook is said to be finalising plans to launch its own cryptocurrency next year. testing of the cryptocurrency, referred to internally as GlobalCoin, will start by the end of this year. Facebook is expected to outline plans in more detail this summer, and has [Read More...]

The post Bitcoin News Summary – June 17, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. ?????? Binance, the largest exchange by volume, is launching a new trading platform specifically targeting U.S. customers, in partnership with BAM Trading Services. The platform will be operated by BAM, while using Binance’s wallet and matching engine technologies. At the same time, Binance also altered [Read More...]

The post Bitcoin News Summary – July 8, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. ??????????? eToroX, the specialized blockchain division of social trading platform eToro, has announced the launch of the first five of 120 ERC-20 tokens. ERC-20 is a technical standard that sets rules for tokens launched on the Ethereum or related blockchains. The new tokens include two [Read More...]

The post Bitcoin News Summary – July 29, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. ?????????????? St. Louis Federal Reserve President, James Bullard, remarked that the US is headed towards a non-uniform currency, with crypto competing with the Dollar. Bullard further said that crypto tackles an “important social problem.” Bakkt, the forthcoming institutional crypto exchange run by Intercontinental Exchange and [Read More...]

The post Bitcoin News Summary – August 19, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. ??? New Zealand’s tax agency, the Inland Revenue Department, released a groundbreaking ruling, stating that salaries and wages may be legally paid in cryptocurrency. Income tax will be applied to such payments as per usual. To qualify, payments must be in regular amounts in cryptos [Read More...]