Author: Steven Hay

The post Bitcoin News Summary – September 9, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin. ?????? The US Securities and Exchange Commission finally approved a limited ETF. The Van Eck SolidX ETF will only allow institutional investors to get Bitcoin exposure via the traditional securities market, so a full ETF tradable by the general public is still pending. The Winkelvoss twins first proposed

The post Bitcoin News Summary – April 22, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. ???? Belorussian leader, Alexander Lukashenko, last week called for a large Bitcoin mining center to be constructed near the country’s new nuclear power plant which is expected to be fully operational by 2020. Belarus has already developed a special economic zone, the High-Tech Park, with

The post Bitcoin News Summary – April 29, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. Crypto payments processor, Moon, announced a new Chrome browser extension which will allow Amazon purchases via Bitcoin’s Lightning Network. Coinbase account holders will also be able to pay via Bitcoin’s base layer, Ethereum, Litecoin, and Bitcoin Cash. A survey of South Koreans revealed that 7.4{520ebc7d04367f10067c097a94259816cd1e6df76ec40212834858ca2e1af940}

The post Bitcoin News Summary – May 6, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. ? The forthcoming Bakkt exchange, notable for its high level of investment by the company behind New York Stock Exchange, announced that it acquired a company specializing in cold storage, Digital Asset Custody Company. Bakkt also revealed a partnership with Bank of New York Mellon

The post Bitcoin News Summary – May 13, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. ?? The crypto market, particularly Bitcoin, has been in bull mode, surging into the weekend to reach levels not seen since November 2018. Volume remains strong, which confirms widespread participation in this rally. Binance exchange was hacked for 7000 Bitcoins. The exchange stated several attack

The post Bitcoin News Summary – May 20, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. ??? Crypto markets this week reached their highest level since August of 2018. Markets then corrected downwards, however, sentiment is still bullish, with major news networks covering the resurgence of crypto. Bitcoin, Ethereum, BCH, and Gemini exchange’s US Dollar-based stablecoin can now be used to

The post Bitcoin News Summary – May 27, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. ???? Facebook is said to be finalising plans to launch its own cryptocurrency next year. testing of the cryptocurrency, referred to internally as GlobalCoin, will start by the end of this year. Facebook is expected to outline plans in more detail this summer, and has

The post Bitcoin News Summary – June 3, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. ???? The long-running exchange LocalBitcoins removed the ability for users to arrange in-person cash trades. Only online payment methods remain. This move comes soon after the imposition of more stringent KYC and AML requirements, and spells the end of an era. Bisq, HodlHodl, LocalCoinSwap and

The post Bitcoin News Summary – June 10, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. ????? America’s Securities and Exchange Commission filed a complaint against popular messaging app creator, Kik, for failing to register its recent “Kin” ICO as a securities sale. The SEC is seeking to impose a $100 million fine on the Canadian firm; about the same value

The post Bitcoin News Summary – June 17, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. ?????? Binance, the largest exchange by volume, is launching a new trading platform specifically targeting U.S. customers, in partnership with BAM Trading Services. The platform will be operated by BAM, while using Binance’s wallet and matching engine technologies. At the same time, Binance also altered

The post Bitcoin News Summary – June 24, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. ????????? The bull trend continued this week, driven by Bitcoin’s breakout above the $10,000 level. After breaking through $9,000 resistance, Bitcoin gained momentum to reach as high as $11,150 on Saturday. These are the highest levels seen since June of 2018. In fact, according to

The post Bitcoin News Summary – July 8, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. ??????????? eToroX, the specialized blockchain division of social trading platform eToro, has announced the launch of the first five of 120 ERC-20 tokens. ERC-20 is a technical standard that sets rules for tokens launched on the Ethereum or related blockchains. The new tokens include two

The post Bitcoin News Summary – July 1, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. ?????????? A video surfaced this week of an Iranian Bitcoin mining operation running inside a mosque, buildings which receive free electricity in the country. It was reported that $260k worth of Bitcoin has been mined inside 100 different Iranian mosques. Meanwhile, the government is shutting

The post Bitcoin News Summary – July 23, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. ????????????? Major US bank, Wells Fargo, will no longer allow its customers to purchase Bitcoin with their own funds. Specifically, the bank responded to a customer complaint on Twitter that ‘they do not allow transactions involving cryptocurrency.’ Last year, Wells Fargo banned the purchase of

The post Bitcoin News Summary – July 15, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. ???????????? The Fold mobile app, which allowed discounted Starbucks purchases for Bitcoin is now back with Lightning Network support. Fold now allows for almost-feeless purchases at Amazon, Starbucks, Uber, Home Depot, Target, and more.  Bitcoin got its first mention by a sitting US president. Trump

The post Bitcoin News Summary – July 29, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. ?????????????? St. Louis Federal Reserve President, James Bullard, remarked that the US is headed towards a non-uniform currency, with crypto competing with the Dollar. Bullard further said that crypto tackles an “important social problem.” Bakkt, the forthcoming institutional crypto exchange run by Intercontinental Exchange and

The post Bitcoin News Summary – August 5, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. ??????????????? America’s Internal Revenue Service published on its official site regarding the 10,000 notices it sent out to crypto exchange users. The names of these taxpayers were obtained through various ongoing IRS compliance efforts. The notices remind citizens of their tax obligation and threaten consequences

The post Bitcoin News Summary – August 12, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. ????????????????? Binance clients take note; it appears that KYC data from around 10,000 users have been stolen from the exchange and leaked online. The hacker was attempting to blackmail Binance for 300 BTC or would otherwise release the users’ photos. Binance refused to comply with

The post Bitcoin News Summary – August 19, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. ??? New Zealand’s tax agency, the Inland Revenue Department, released a groundbreaking ruling, stating that salaries and wages may be legally paid in cryptocurrency. Income tax will be applied to such payments as per usual. To qualify, payments must be in regular amounts in cryptos

The post Bitcoin News Summary – August 26, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin. ???? Online retailer, Rakuten, often described as the Amazon of Japan, announced the launch of its new crypto exchange app, Rakuten Wallet. Initially, supported cryptos are Bitcoin, Ethereum, and Bitcoin Cash.  The app is available for Android, with iOS coming next month.  Major crypto derivatives exchange, BitMEX, has