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...]
Bitcoin News Summary – August 19, 2019
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...]
Bitcoin News Summary – September 9, 2019
The post Bitcoin News Summary – September 9, 2019 appeared first on 99 Bitcoins. ; ?????? The US Securities and Exchange Commission finally approved a limited ETF. The Van Eck SolidX ETF will only allow institutional investors to get Bitcoin exposure via the traditional securities market, so a full ETF tradable by the general public is still pending. The Winkelvoss twins first proposed a Bitcoin ETF, or Exchange Traded [Read More...]
Video: Bitfinex CTO Paolo Ardoino on Adding Lightning Network Support
On December 2, 2019, Bitfinex officially informed its subscribers that it had added support for Lightning Network deposits and withdrawals. Subsequently, Bitfinex CTO Paolo Ardoino confirmed the information in a tweet. A few days before this announcement, Ardoino agreed to do an exclusive interview with Bitcoin Magazine to provide more technical details about the Lightning integration. This marked a big step in the development of Bitcoin and the Lightning Network, as a major exchange finally integrated second layer satoshis. “I think that Lightning is definitely the best way to send and receive bitcoins,” said Ardoino during the opening of the interview. “For me, [the Lightning Network] is exactly how the perfect payment system should be built.” How Bitfinex Integrates Lightning Network In regards to the process that… [Read More...]
Bitcoin News Summary – September 30, 2019
The post Bitcoin News Summary – September 30, 2019 appeared first on 99 Bitcoins. ; ????????? Crypto markets suffered a serious drop this week. Bitcoin led the market downwards, as it slipped below its support level of $10,000. Bitcoin’s falling dominance is perhaps a result of stablecoins holding steady during this market decline. Binance.US, the American arm of cryptocurrency exchange giant Binance, has announced it is starting trading fiat-crypto [Read More...]
Bitcoin News Summary – October 21, 2019
The post Bitcoin News Summary – October 21, 2019 appeared first on 99 Bitcoins. ; ???????????? It was not a good week for Facebook’s Libra project – again. Hotel reservation company, Booking.com, joined PayPal, Visa, and Mastercard to become the 7th major company to exit the project. Furthermore, a US Congressman said Facebook should drop Libra and instead implement Bitcoin. Warren Davidson criticized Facebook’s speech filters and feared similar [Read More...]
Bitcoin News Summary – November 11, 2019
The post Bitcoin News Summary – November 11, 2019 appeared first on 99 Bitcoins. ; ??????????????? In Canada, the British Columbia Securities Commission has taken control over the troubled Einstein Exchange, which owes over $12 million to users. At the end of October, Einstein announced that it would suspend services in the coming months, but the government agency seized the company before those plans could be implemented. According to [Read More...]
Bitcoin News Summary – December 2, 2019
The post Bitcoin News Summary – December 2, 2019 appeared first on 99 Bitcoins. ; ?????????????????? Worth nearly $50 million in Ethereum, 342,000 ether was hacked from South Korea’s Upbit exchange. The hack occurred during maintenance and is one of the largest Ethereum thefts ever. The exchange has suspended operations for at least a couple of weeks but plans to repay users for the loss. It remains unknown how [Read More...]
Video: Bruce Fenton on the Bitcoin Foundation, Satoshi Roundtable and Scaling
Bruce Fenton is definitely a distinct personality in the Bitcoin space. After working as a stock market broker for about two decades, he chose to walk away from his Wall Street career and take a leap of faith with Bitcoin. “It’s been a wild ride, I wouldn’t trade it for the world. In my opinion, Bitcoin is the most powerful and important open-source project out there,” said Fenton, an enthusiastic superhero fan. As he spoke, he sat next to a large Batman action figure that points to the duality of his own work. Much like Bruce Wayne, Fenton lives a double life. He works as the director of his own companies, Atlantic Financial and Chainstone Labs, during the day. However, it’s at night that he… [Read More...]
Bitcoin News Summary – July 23, 2019
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...]
Bitcoin News Summary – August 12, 2019
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...]
Bitcoin News Summary – September 2, 2019
The post Bitcoin News Summary – September 2, 2019 appeared first on 99 Bitcoins. ; ????? 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 mined by Satoshi, to Kleiman’s estate. [Read More...]
Bitcoin News Summary – September 23, 2019
The post Bitcoin News Summary – September 23, 2019 appeared first on 99 Bitcoins. ; ???????? 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 on global surveillance by US agencies. [Read More...]
Bitcoin News Summary – October 14, 2019
The post Bitcoin News Summary – October 14, 2019 appeared first on 99 Bitcoins. ??????????? 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 inaugural board meeting. These additional exits leave [Read More...]
Bitcoin News Summary – November 4, 2019
The post Bitcoin News Summary – November 4, 2019 appeared first on 99 Bitcoins. ; ?????????????? Bitcoin futures exchange, BitMEX accidentally compromised user privacy, when it sent out a mass email to clients revealing all their email addresses to each another. Shortly after BitMEX warned its users about the email leak, hackers briefly took over its Twitter account too. The exchange claims, that although its Twitter account was hacked, [Read More...]
Bitcoin News Summary – November 25, 2019
The post Bitcoin News Summary – November 25, 2019 appeared first on 99 Bitcoins. ; ????????????????? Bitcoin is down more than 15% from the weekly opening price and has dragged the entire crypto market downward along with it. People’s Bank of China warned it will take action against entities that may be involved in trading cryptocurrencies. The move was in response to a rise in trading activity following China’s [Read More...]
Slim Fast
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A Favorite Interview
FEEDThis is from nearly half a century ago, but it is the full interview of the legendary Marlon Brando with Dick Cavett. I find it fascinating, and frankly enjoy watching his behavior and mannerisms in real life even more than the characters he portrays. He is clearly an intelligent man with deeply-held values, and it’sRead More 0 Comments [Read More...]
Bitcoin News Summary – July 15, 2019
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...]
Bitcoin News Summary – August 5, 2019
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...]