Trump’s New Trade Tariffs Could Kick Start Bitcoin
As US president Donald Trump shocks the world with his surprise steel and aluminum tariffs targeted at Canadian, Mexican and EU markets, Bitcoin markets could be the beneficiary, according to Forbes. The response from Canada, the UK, France, and Mexico has been one of surprise and total indignation, pointing to the possibility of a trade […]
Square Stocks Up $8B After Adding Bitcoin Functionality
Square’s stock, listed as SQ on the New York Stock Exchange, has rallied from USD 36 to USD 58 (+61%) since it added Bitcoin functionality to its popular Square Cash app in November 2017. This has resulted in the stock’s market cap increasing over USD 8 billion, to USD 23 billion. This is the highest […]
Bittrex to Offer Select Clients US Dollar Pairs
US-based cryptocurrency exchange platform Bittrex has confirmed a partnership with several financial institutions that will allow select clients in the US to pair BTC/USD, as well as connect pairs for ‘stablecoins’ Tether and TrueUSD. As reported by Bloomberg, the agreement will allow for now predominantly corporate clients in a limited number of states to purchase the […]
eltoo to Improve Lightning Network
Several Lightning Network developers have released a paper titled ‘eltoo: A Simple Layer 2 Protocol For Bitcoin’ that outlines improvements to Bitcoin’s latest scalability upgrade, Lightning Network. Christian Decker and Rusty Russel from Blockstream as well as Olaoluwa Osuntokun from Lightning Labs co-authored the paper. eltoo is derived from the pronunciation of L2, an acronym for […]
Bermuda Global Contender for Blockchain Startups, Pioneering Regulations
The island of Bermuda is positioning itself as a “global hub for fintech enterprises and innovation”, with the crypto-friendly regulation in place on the island attracting blockchain startups and companies in swathes. The British Overseas Territory island in the North Atlantic Ocean is actively seeking to become a global leader in all things crypto and […]
Less than $1k Needed to ‘51% Attack’ Most Cryptos
A new website has been created to calculate the cost of performing a ‘51% attack’ on various cryptocurrencies via renting mining power from mining company NiceHash. The results are surprising and shocking, with many cryptocurrencies requiring less than USD 1,000 for a successful one-hour 51% attack. The website was created by Reddit user xur17 in […]
Huobi Crypto Exchange Enters Brazil
The Huobi cryptocurrency exchange has set up an office in Brazil’s largest city, Sao Paulo, and has announced its intent to enter the Brazilian market, according to an interview with Coindesk. Employees from Huobi were seen distributing their cards and talking to well-known industry leaders at a local cryptocurrency event in Sao Paulo. On LinkedIn, […]
