Author: Ryan Tucker

One of the concerns that many investors have when it comes to cryptocurrencies, as with any investment, is the fear of losing money. But cryptocurrency investors aren’t just afraid of their assets losing value, they’re also afraid of losing their money to frauds, schemes, and hacking. With many cryptocurrency exchanges having been subject to hacks, […]

With Venezuela’s oil-backed cryptocurrency the petro being lambasted by cryptocurrency enthusiasts and governments alike, its future isn’t looking all that great. But that hasn’t deterred Venezuelan officials from continuing to push the new currency. In fact, Venezuela’s oil minister recently announced that he intends to pitch the petro to OPEC as a digital currency to […]

Bitcoin ATM machine operator Coinsource has finally had its BitLicense application approved by the New York State Department of Financial Services. The application, which had first been made in 2015, makes Coinsource just the 12th company to receive approval from the New York government to operate in the state. The company already has 40 Bitcoin […]

Bitcoin was developed in part to help people overcome the monopoly over currency issuance enjoyed today by central banks. By allowing individuals to “mine” their own currency, use it as a means of exchange, and act as their own bank, Bitcoin offered freedom and versatility unmatched by any other currency. But as Bitcoin became more […]

Recent reports have indicated that the Venezuelan government will soon be forcing its citizens to use the country’s new oil-backed cryptocurrency, the petro, in order to purchase passports. The passports are expected to cost two petros, an amount equivalent to 7,200 bolivars. That’s equal to four times the minimum monthly wage in Venezuela, making it […]

One of the vaunted advantages of Bitcoin and other cryptocurrencies is the ability to keep financial transactions private. Since Bitcoin addresses are just a string of numbers and letters, no one knows who is on either end of the transactions. Or at least that’s how it’s supposed to work in theory. In practice, because transactions […]

In an encouraging sign for Bitcoin’s use as a transactional currency, a greater number of bitcoins are now being held in wallets that show signs of transactional use. Around 4.8 million bitcoins are currently held in wallets that show signs of use, up from 3.8 million bitcoins held in those wallets during the height of […]

While New York state authorities were the first in the country to draft a regulatory framework for cryptocurrency businesses, the notorious “BitLicense” has been more of a hindrance to cryptocurrency businesses looking to operate in the state rather than a help. Very few companies have even tried to apply for a BitLicense, with many preferring […]

In a setback for cryptocurrency enthusiasts, the California Fair Political Practices Commission (FPPC) banned political campaigns from accepting cryptocurrency donations. The commission cited its concerns over the difficulty of tracking the origins of cryptocurrency donations as well as the transparency of those donations. The ruling is at odds with that of the US Federal Election […]

While Bitcoin has taken the world by storm, one of the knocks on it has been the fact that, like most other cryptocurrencies, it is not backed by anything. Many of Bitcoin’s opponents in the world of central banking, in particular, like to point out that Bitcoin is just an unbacked currency created ex nihilo, […]