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Category: Crypto Flash News

Canadian Provinces Compete for Attention of Bitcoin Mining Businesses

May 2, 2019 Crypto Flash News

In Canada, individual provinces are responsible for energy issues, and their interest in Bitcoin mining is growing as several provincial governments have already offered low-cost energy incentives to attract mining operations to their provinces. Quebec, the largest Canadian province, wants…

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Indictments Issued for Two Individuals for Running “Shadow Banking” Operation

May 2, 2019 Crypto Flash News

U.S. Attorney’s office for the Southern District of New York has charged two individuals for providing “shadow banking” services to crypto exchanges. According to a statement by Geoffrey S. Berman, the U.S. Attorney for the Southern District of New York,…

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Percentage of CoinJoin Bitcoin Transactions Triples Over Past Year

May 2, 2019 Crypto Flash News

According to a study released by Longhash on April 29, 2019, the relative usage of CoinJoin out of all bitcoin transactions has tripled in one year, currently sitting at 4.09 percent. CoinJoin was first proposed in mid-2013 as part of…

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“Bye Gold, Buy Bitcoin”: Grayscale Urges Investors to Drop Gold for BTC

May 2, 2019 Crypto Flash News

Grayscale Investments is weighing in on the gold versus bitcoin debate. Its two sats? Drop the bars, buy the bits (and the dip). The Digital Currency Group off-shoot has launched a “Drop Gold” campaign that encourages investors to ditch the…

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A New Report Shows People Are Warming Up to Bitcoin

May 1, 2019 Crypto Flash News

A Medium post published by Spencer Bogart, a general partner at Blockchain Capital, compares data collected from a set of surveys from October 2017 and April 2019 containing identical questions (plus a few new ones). The results, compiled from an…

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Bitcoin Price Analysis: Short Squeeze Imminent as Bearish Pressure Weakens

May 1, 2019 Crypto Flash News

Summary: Following unconfirmed claims by the NYC Attorney General regarding Bitfinex and Tether’s insolvency, the bitcoin market had a knee jerk reaction that caused us to retest macro support. However, this pullback barely made a scratch on the market structure…

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“Holders Are Not at Risk”: Bitfinex Lawyer Responds to NY Attorney General

May 1, 2019 Crypto Flash News

Bitfinex and Tether’s legal counsel has written a response to the New York Attorney General’s (NYAG) ex parte order, which claims that Bitifinex used Tether’s reserves to cover some $850 million in losses. In short, the affidavit writes off the…

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U.S. Citizens Can Now Accept Their Federal or State Tax Refund in Bitcoin

May 1, 2019 Crypto Flash News

Federal tax season just passed in the United States, but if you’re one to leave responsibility to the wayside and had to apply for an extension, that might just pay off. It’ll give you the opportunity to become one of…

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“Publicly Traded Crypto Exchange” Bitcoin Generation Hit by SEC Sanctions

April 30, 2019 Crypto Flash News

An official announcement published on April 29, 2019, has revealed that the United States Securities and Exchange Commission (SEC) has temporarily suspended the trading of shares in Bitcoin Generation (BTGN), a blockchain-based company out of Oklahoma. The company also operates…

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Debunking Bitcoin Myths: “It’s Only for Criminals”

April 29, 2019 Crypto Flash News

A series of op eds by Kyle Torpey addressing some of the oft-repeated arguments against Bitcoin Bitcoin’s core value proposition is that it is an uncontrolled, apolitical money. To some people, this means Bitcoin is only useful to people who…

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