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IMAGINE: John Lennon’s Son Is Optimistic About Bitcoin Stating It Empowers Individuals

The son of Beatles legend John Lennon and Yoko Ono, Sean Ono Lennon praised Bitcoin stating the number one cryptocurrency “empowers people in a way they’ve never been empowered before.” “Ultimately bitcoin is something that empowers individuals it empowers people in a way they’ve never been empowered before,” Sean Lennon said. Lennon, made the comments… Read More

Bitcoin Gets Two New Major Code Improvements

The two proposals Schnorr and Taproot were merged into Bitcoin Core last week and will be implemented at a later time. According to commit history on Github, Bitcoin has just had a silent update pushed into its code which will become active at a later date. When activated, the two code proposals will bring about… Read More

Bitcoin Breaks $12K Overnight, Key Resistance Still at $12.5K According To Institutional Trader

Bitcoin has rallied above $12K, trading above the key resistance for the first time in more than two months. This signals that Bitcoin could be getting ready to enter its parabolic bull-market.  But until $12K is flipped into support the move is meaningless. BTC is above its 10-day and 50-day moving averages, a bullish signal… Read More

Square Invests $50 Million Into Bitcoin As Price Hits $11K

Square a payments company owned by Jack Dorsey a Bitcoin-bull, has invested $50 million dollars into the number one digital asset. That’s 4,709 Bitcoins likely more than you or I will ever see in this lifetime. The investment represents approximately 1% of Square’s total assets as of Q2 2020. In May, Square reported its Bitcoin… Read More

Iran Allows Power Plants to Mine Bitcoin – is Official Support for Decentralized Money Next?

Recent changes in Iranian law will allow powerplants in the nation to mine Bitcoin – and one already has a generator set up for the purpose. The support for Bitcoin is hard to ignore, and opens up a few questions about the future of the platform. Having nations (via state infrastructure) mining Bitcoin is undoubtedly… Read More

Venezuela Officially Legalizes Cryptocurrency Mining – Petro Still Laughable Token

All crypto mining activities are now officially regulated by Venezuela’s National Superintendency of Crypto Assets and Related Activities, or SUNACRIP. Miners must comply with strict criteria in order to qualify – which may or may not happen in the poorly run South Ameirican nation. According to Gaceta Oficial, the chief of the SUNACRIP, Joselit Ramirez… Read More

Newly Passed Crypto Amendment may Deter Russian Crypto Mining

The Russia Ministry of Finance recently released an amendment, placing an all-out ban on any type of income resulting from cryptocurrencies, according to a lengthy report by domestic news agency Izvestia. The new amendment would practically allow the production of cryptocurrency through mining, but they will be “deprived of financial value”. This section has sparked… Read More

Latin America’s Bitcoin Miners Being Hunted by China Group

According to recent reports published by Cointelegraph, Rocelo Lopes, CEO of Stratum, CoinPY, is negotiating to sell Brazilian-owned, Paraguay-registered mining farm CoinPY, which is a leading crypto company in Latin America to China investors. Rocelo Lopes is known as one of the leading names in the Bitcoin and cryptocurrency market in Latin America. The Bitcoin… Read More

Is Chinese Bitcoin (BTC) Mining Moving to North America?

China is known as the dominating force in digital coin mining. According to CoinShares Research, China’s Bitcoin miners controlled some 65% of total hash power at the end of 2019. Chinese firms such as Bitmain and Canaan, which are the biggest manufacturers of bitcoin mining hardware in the world, have a substantial impact on the… Read More

Bitcoin About to Reach Billionth Dollar in Transaction Fees

Bitcoin Fees to Reach $1B Before 2020 It’s hard to believe how far Bitcoin has come from its creation. In 2009, Satoshi Nakomoto created the Bitcoin whitepaper detailing how the new digital peer to peer cash system would work. Fast forward 10 years and this little upstart currency has grown into a world monster with… Read More

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