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Iran Amends Law to Fund Imports with Bitcoin
Iran Amends Law to Fund Imports with Bitcoin
News  •  Bitcoin  •  Oct 29, 2020 by Nick Chong

Iranian media outlet Iran Daily reports that the Iranian cabinet has amended regulations to allow Bitcoin and other cryptocurrencies to be used to fund imports.  Citing IRNA, Iran Daily notes that this new legislation will allow the central bank of Iran to acquire digital assets directly from miners within the

Avanti Becomes a U.S.-Regulated Bitcoin Bank With Unanimous Approval
Avanti Becomes a U.S.-Regulated Bitcoin Bank With Unanimous Approval
News  •  Bitcoin  •  Oct 28, 2020 by Joseph Young

Avanti has received a bank charter from the Wyoming State Banking Board with a unanimous 8-0 vote. The approval allows the Bitcoin- and crypto-focused bank the same authority as national banks in the U.S. The First Digital Asset-Focused Bank in the U.S. Caitlin Long, CEO of Avanti who

Bitcoin Privacy Wallet Wasabi Announces 2.0 Upgrade
Bitcoin Privacy Wallet Wasabi Announces 2.0 Upgrade

Non-custodial Bitcoin desktop wallet Wasabi Wallet has gained considerable traction since its launch as a preferred tool for bitcoiners seeking increased transactional privacy. Wasabi is possibly best known for its integrated CoinJoin solution, a privacy-enhancing technology that obfuscates the origin of UTXOs. On Thursday, the developers behind Wasabi Wallet announced

News  •  Bitcoin  •  Oct 29, 2020
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Bitcoin Privacy Wallet Wasabi Announces 2.0 Upgrade
Bitcoin Privacy Wallet Wasabi Announces 2.0 Upgrade

Non-custodial Bitcoin desktop wallet Wasabi Wallet has gained considerable traction since its launch as a preferred tool for bitcoiners seeking increased transactional privacy. Wasabi is possibly best known for its integrated CoinJoin solution, a privacy-enhancing technology that obfuscates the origin of UTXOs. On Thursday, the developers behind Wasabi Wallet announced

News  •  Bitcoin  •  Oct 29, 2020
Iran Amends Law to Fund Imports with Bitcoin
Iran Amends Law to Fund Imports with Bitcoin

Iranian media outlet Iran Daily reports that the Iranian cabinet has amended regulations to allow Bitcoin and other cryptocurrencies to be used to fund imports.  Citing IRNA, Iran Daily notes that this new legislation will allow the central bank of Iran to acquire digital assets directly from miners within the

News  •  Bitcoin  •  Oct 29, 2020
Avanti Becomes a U.S.-Regulated Bitcoin Bank With Unanimous Approval
Avanti Becomes a U.S.-Regulated Bitcoin Bank With Unanimous Approval

Avanti has received a bank charter from the Wyoming State Banking Board with a unanimous 8-0 vote. The approval allows the Bitcoin- and crypto-focused bank the same authority as national banks in the U.S. The First Digital Asset-Focused Bank in the U.S. Caitlin Long, CEO of Avanti who

News  •  Bitcoin  •  Oct 28, 2020
Michael Saylor Reveals Personal Bitcoin Holdings as MicroStrategy Plans to Buy More
Michael Saylor Reveals Personal Bitcoin Holdings as MicroStrategy Plans to Buy More

MicroStrategy can't get enough of Bitcoin. After accumulating 38,250 bitcoin between August and September, the firm wants more. “You should expect that we will purchase additional bitcoin as we generate cash beyond what we need to run the business on a day to day basis,” MicroStrategy President

News  •  Bitcoin  •  Oct 27, 2020
MicroStrategy's Bitcoin Investment Is Now Over $100 Million in Profit
MicroStrategy's Bitcoin Investment Is Now Over $100 Million in Profit

In August and September, MicroStrategy made headlines when it deployed $425 million into Bitcoin over the span of tens of thousands of buying orders. In total, the business services company acquired more than 38,250 bitcoin, for an overall cost basis of $11,111 per coin.  This investment represented a

News  •  Bitcoin  •  Oct 27, 2020
Bitcoin Hash Rate Drops 45% After Chinese Rainy Season Ends
Bitcoin Hash Rate Drops 45% After Chinese Rainy Season Ends

Over the past few days, multiple users on Twitter have noted a decline in the Bitcoin user experience. Transaction fees have increased from an average of $1-3 toward $7 and beyond. This is the result of a drop in the Bitcoin network hash rate. The hash rate is the metric

News  •  Bitcoin  •  Oct 27, 2020
Bitcoin Nears Critical $14,000 Level as Buyers Continue to Flood In
Bitcoin Nears Critical $14,000 Level as Buyers Continue to Flood In

Bitcoin surged higher on Tuesday despite weakness in the S&P 500 and other global stock markets. The price of the leading cryptocurrency shot to $13,750, the highest Bitcoin has traded in over a year. Per the BTC Times data, Bitcoin is up 5% in the past 24

News  •  Bitcoin  •  Oct 26, 2020
Singapore’s Largest Bank DBS Publishes and Removes Crypto Exchange Announcement
Singapore’s Largest Bank DBS Publishes and Removes Crypto Exchange Announcement

On Thursday, Bitcoin users discovered a webpage including information on a digital exchange soft-launched by DBS Bank, the largest commercial bank in Singapore, on its website. But shortly after the cryptocurrency industry cheered the announcement, it was abruptly taken down. The initial announcement, which has since been taken offline, said

News  •  Bitcoin  •  Oct 26, 2020
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