Startup City Map Launched: The New Citadel Explorer?

Startup Cities Map

The consulting firm Adrianople Group has published a global map of startup cities that makes finding innovative cities and regions easy. There has been extensive talk about “Startup Cities” – however these discussions lacked clear definitions, and in part due to the absence of definitions, lacked serious mapping efforts. In March 2021, Balaji Srinivasan asked […]

Why Proof-of-Stake On Ethereum Is A Disaster

Moving the Ethereum protocol from proof-of-work to proof-of-stake will end in a disaster. If you are a big believer in Ethereum, you may think an article published on BitcoinNews.com would biased or pure propaganda. Therefore I’d like to disclose that I hold 10% of my portfolio in Ethereum or assets built on Ethereum which allows […]

What Is KYC?

what is kyc

This article is brought to you by 21bitcoin. Article patronage is essential to keep bitcoinnews.com free and support independent writers and creators. Debunking KYC – What Is It, Is It Needed? What is KYC and why do I need it when I buy bitcoin? We got you, know your customer (KYC) is not a very sexy topic. […]

Paraguay Senate Approves Bitcoin Law

Paraguay Bitcoin Law

Paraguay’s High Chamber recently granted half sanction to the bill that gives a regulatory framework to digital assets and bitcoin mining in the country. The adoption of bitcoin in Latin American countries continues its march by leaps and bounds, with an increasing number of governments interested in this trend. While El Salvador became the first […]

Commodities Soaring, Nickel Up 30%, ‘The Great Reset’ Approaches

commodities

Commodity prices skyrocketed as industrial buyers and traders hurried to acquire raw materials disrupted by the conflict in Ukraine. Nickel rose 30%, platinum touched a record, and gold broke beyond $2,000 per ounce, while oil and wheat rose to 14-year highs. Commodity markets have been jolted not just by strong Western sanctions against Russia, which […]

Chamath: Bitcoin Should Be Regulated Security

Sri Lankan-born Canadian and American venture capitalist Chamath Palihapitiya stated that Bitcoin (BTC) should be “regulated as a security.” Palihapitiya broke down his opinion of how Bitcoin is a security rather than a commodity in the 85th episode of the All-In Podcast. Chamath joins this weekly show with Jason Calacanis, David Sacks & David Friedberg […]

BIS Wants Banks To Hold 1% Of Reserves In Bitcoin

BIS bitcoin

The Bank for International Settlements (BIS) decided to grant commercial banks to officially hold bitcoin. BIS plans to capitalize on the popularity of Bitcoin (BTC) despite the market being bearish for the past few weeks and has approved banks to hold up to 1% of reserves in Bitcoin. On June 30, BIS’s Basel Committee on […]

China Warned Bitcoin is Going to $0

China Bitcoin Going to $0

It seems that China is not fully satisfied with its massive crackdown on Bitcoin mining and trading, they now have warned that Bitcoin is going to $0.  Despite the ongoing market value plunge, which has resulted in many investors losing a serious amount of money, the future of the market seems to be safe with […]

According To SEC, Bitcoin Commodity, Cryptos Securities?

Gensler SEC Bitcoin

The chairman of the United States Securities and Exchange Commission (SEC) Gary Gensler confirmed in an interview with CNBC that bitcoin is a commodity and not a security. In the interview, Gensler said that bitcoin is the only digital asset that can be considered a commodity while shitcoins will come under securities, which falls under […]

UK To Remove Know Your Customer Requirements For Bitcoin Wallet Providers

UK Bitcoin Wallet Regulation

The United Kingdom plans to remove Know Your Customer (KYC) requirements for non-custodial Bitcoin wallets. It is a major win for privacy and Bitcoin supporters on the European continent. The UK Treasury released its June report wherein it claimed that there is a lack of evidence that non-custodial Bitcoin (BTC) wallets are used for criminal purposes. Non-custodial […]