Category: Cryptocurrency

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 […]

The UK’s Royal Mint first announced in 2016 its plans to issue as much a billion dollars worth of a gold-backed cryptocurrency token. The project was an attempt to allow investors an easier way to invest in gold. Had it been successful, the gold-backed cryptocurrency could have served not just as an archetype for gold […]

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 […]

While stock markets have been on a roller coaster ride the past couple of weeks, Bitcoin has remained remarkably stable. That’s a departure from previous price movements, and a potential indicator that Bitcoin is maturing as an alternative investment asset and as a store of wealth during times of financial turmoil. Some market analysts are […]

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 […]

Many internet users take advantage of plugins and browser extensions to add additional functionality to their web browsers. While it’s been known for a long time that adding third party browser extensions can compromise the privacy and security of your computer, not everyone has the knowledge or ability to look through a browser extension’s source […]

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 […]

Last week’s stock market crashes sent investors scrambling for safe assets. While the Dow Jones lost thousands of points, gold shot up over $30 per ounce as investors poured their money into a traditional safe asset. But while traditional safe harbors climbed in price, Bitcoin’s price dropped several hundred dollars. That confounded observers who thought […]

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 […]