Why Comparing Bitcoin to Visa Doesn’t Make Any Sense

Jan 16, 2020 at 15:27 UTCUpdated Jan 16, 2020 at 15:40 UTCMiner Salary Share Across PoW Crytpocurrencies. (Image via ARK Invest)Rewards received by bitcoin miners form a major chunk of the salaries paid across major proof of work (PoW) blockchains, according to Yassine Elmandjra, a cryptocurrency analyst from ARK Invest.For example, bitcoin miners were paid…

Dec 1, 2020 at 12:01 a.m. UTCUpdated Dec 1, 2020 at 12:04 a.m. UTCBitcoin Exchange Backed by Pomp, Song and Woo Removes Trading Fees to Contend With Coinbase, GeminiUpstart crypto exchange LVL wants to take on U.S. giants Coinbase and Gemini by removing trading fees.Announced today, LVL (pronounced “level,” as in playing field) is making…

In an interview with CoinDesk, Don Wilson slams the SEC's crypto crackdown, drawing parallels to his past victory over the CFTC, another Gary Gensler-led regulatory agency The SEC's stance toward crypto "reminds me of 'Atlas Shrugged,'" Wilson said. "[If] everybody is breaking the law, they get to selectively harass whoever they want to." Wilson thinks

NEWS Two cryptocurrency startups have agreed to register their initial coin offering (ICO) tokens as securities after settling charges with the U.S. Securities and Exchange Commission. The SEC’s Friday announcement centered on two firms: CarrierEQ Inc., also known as Airfox, and Paragon Coin Inc., both of which conducted token sales last year. Airfox raised $15…

Bitcoin (BTC) fell below $28,000 during U.S. trading hours on Tuesday but then steadied as investors monitored progress on a debt ceiling deal, whose passage remained likely but not assured.The largest cryptocurrency by market capitalization was recently trading at around $27,740, up 0.1% over the previous 24 hours, although slightly down from its higher perch…

Bitcoin ended October on a weak note, confirming its first three-month losing streak since 2015, but things may be looking up for November. The leading cryptocurrency closed yesterday at $6,320 – down 4.32 percent from the Oct. 1 opening price of $6,606, according to CoinDesk's Bitcoin Price Index (BPI). Over August and September, prices had…

news Starbucks is moving to give consumers more information on its coffee products using a blockchain system that will track beans from “farm to cup.” For the effort, the coffee chain is working with Microsoft to harness its Azure Blockchain Service in tracking coffee shipments from across the world, bringing “digital, real-time traceability” to its supply…

Like any good Bitcoin maximalist, Tether is holding its own coins. The issuer of the largest stablecoin, USDT, disclosed that information in a recent blog post announcing it will be “regularly” buying bitcoin with its surplus profits to build up a war chest. This follows a surprisingly robust attestation (aka an “Assurance Report” completed by…

Mar 26, 2020 at 06:00 UTCMalta. Credit: ShutterstockMalta’s financial regulator has issued warnings against two crypto websites that falsely claimed to be licensed by the nation. The Malta Financial Services Authority (MFSA) called out the “COINMALEX” and “Crypto Foxtrades” crypto exchanges in twin warnings Wednesday. Both entities had claimed to be licensed, registered or domiciled in…