Business

Boomer and Gen-X Interest in Bitcoin Surges During Pandemic

[ad_1] The older generations have increased their monthly Bitcoin investments by a factor of nine on U.K crypto trading app Mode since the beginning of the pandemic and lockdowns.Mode Banking reported that Baby Boomers (born 1946-1964) and Generation-X (born 1965-1980) investors are investing significantly larger portions of their wealth into Bitcoin since the start of the COVID-19 pandemic.Using February as the baseline, the findings show that investments from these generations
Business

‘I’m Getting Bitcoin! F—- This!’

[ad_1] Bitcoin bull Anthony Pompliano has just persuaded Bill Burr, one of the biggest comedians in the world, to invest in cryptocurrency.In a July 1 episode of the Bill Bert Podcast — so named for the comedian and his co-host Bert Kreischer — Burr said he was buying Bitcoin (BTC), after one of his famous profanity-laden tirades culminated in the phrase: “I’m getting Bitcoin! f--- this s---!”.Pomp commented on Twitter after
EXCHANGES

Australia Post Offices Now Allow People To Buy Bitcoin

[ad_1] Australians can now pay for bitcoin at their local post office due to a new collaboration. In an announcement made on June 24, users of Bitcoin.com.au will be able to buy bitcoin at more than 3,500 Australian post offices. These post offices will accept Australian dollars and EFTPOS (electronic funds at point of sale) payments for bitcoin purchases from Bitcoin.com.au through the Post Billpay service. Also, part of the
Business

LocalBitcoins Revenue Up 10% Despite KYC Impacting Market Share

[ad_1] Veteran peer-to-peer (P2P) crypto marketplace LocalBitcoins has reported annual revenue of nearly $29.5 million for 2019.The revenue comprises a roughly 10% increase over 2018’s $26.9 million, however, the firm also noted a 6% drop in annual operating income to $19.8 million.LocalBitcoins’ staff also expanded significantly last year as the platform strengthened its know-your-customer (KYC) requirements in the third and fourth quarters of last year, with the firm’s headcount increasing
EXCHANGES

Alt-Right Activist Stefan Molyneux Banned from Youtube, Raises $100K in Crypto Donations

[ad_1] The founder of Freedomain, philosopher and alt-right activist, Stefan Molyneux, received more than $100,000 in cryptocurrency donations after he was banned from Youtube on June 29, 2020. Stefan Molyneux is well known for his Youtube videos, podcasts, and books. His early Youtube videos describing the benefits of bitcoin have been lauded. While getting over $100k in bitcoin, dash, bitcoin cash, and ethereum donations this week, the alt-right activist has
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The Grayscale Bitcoin Trust May Be Signaling BTC has Formed a Long-Term Bottom

[ad_1] Bitcoin has been consolidating between $9,000 and $10,000 for the past several days and weeks, struggling to garner any clear trend The crypto has expressed some overt weakness in recent times due to its propensity to trade near the lower boundary of this range Buyers have been ardently defending against a drop below $9,000 One trend seen while looking towards the publicly traded Grayscale Bitcoin Trust seems to indicate
EXCHANGES

Tether’s Market Valuation Grows 144% in 2020, USDT Market Cap Worth $10 Billion

[ad_1] The most popular stablecoin, Tether, has propelled its way into the third-largest position by cryptocurrency market capitalization. At the time of publication, a number of market valuation aggregators show that Tether’s market cap is between $9.1 to $10.1 billion. Tether (USDT) is a well known stablecoin token issued by the company Tether Limited. The company claims each token is backed by a single U.S. dollar, but during the last
Business

Theft Of 100 BTC Isn’t A Crime Because Bitcoin Isn’t Property

[ad_1] On June 30, a Russian criminal court denied a motion to provide restitution to a victim of what would in many jurisdictions be a felony, arguing that Bitcoin (BTC), as a virtual currency, does not enjoy the same property protection as other assets.The case goes back to 2018, when the two men impersonating Federal Security Service (FSB) agents and their accomplices kidnapped the victim and forced him into giving
BLOCKCHAIN

Kazakh Gov Plans to Double Its Investment in Digital Currency Mining

[ad_1] Kazakhstan officials revealed the nation’s digital currency development plan to experts from Russia and China at "2020 Astana Online Financial Day". According to the China Ministry of Commerce on July 1, Kazakhstan plans to double its digital currency mining investment by the end of this year, and continues to develop its central bank digital currency.According to the report, Kazakhstan's digital currency mining project attracted 82.6 million Tenge, which is
Business

OKCoin Exec Says PayPal Will Boost Crypto Adoption, If Rumors True

[ad_1] Rumors recently surfaced of mainstream payment giant PayPal adding crypto as an option on its platform. Although he had no additional information on the legitimacy of the rumors, OKCoin COO Jason Lau said digital assets on PayPal would further crypto adoption. "When a traditional player like PayPal, who has 325 million users, enters the crypto space, it is sure to have a positive impact in highlighting cryptocurrencies to a big new