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Bitcoin Is the Only Way to Fix Inflation: Mayor of Jackson, Tennessee
Bitcoin Is the Only Way to Fix Inflation: Mayor of Jackson, Tennessee
News  •  Politics  •  Jul 15, 2021 by Thomas M

Scott Conger, the mayor of Jackson in the U.S. state Tennessee, took to Twitter on Thursday to vent what appeared like frustrations that had built up for quite some time. "Every year, our dollar is worth less," he wrote, voicing his concerns about inflation. "6.3%

J.P. Morgan Says Bitcoin Is Too Illiquid to Be Legal Tender. Are They Right?
J.P. Morgan Says Bitcoin Is Too Illiquid to Be Legal Tender. Are They Right?
News  •  Bitcoin  •  Jul 14, 2021 by Joshua Chretien

Illiquidity could place a “significant limitation" on Bitcoin's use as a medium of exchange in El Salvador, according to analysts from J.P. Morgan. The banking behemoth's report was released last Thursday and reported on by Bloomberg on Sunday. It references El Salvador's

Draft Bill for Legal Bitcoin Framework in Turkey Ready for Parliament: Deputy Finance Minister
Draft Bill for Legal Bitcoin Framework in Turkey Ready for Parliament: Deputy Finance Minister

Turkey's Deputy Minister of Treasury and Finance Sakir Ercan Gül is set to present a draft bill to parliament providing a regulatory framework for Bitcoin and other cryptocurrencies later this year. Besides setting clear licensing requirements for local exchanges and introducing minimum capital requirements for cryptocurrency companies, the

News  •  Politics  •  Jul 18, 2021
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Draft Bill for Legal Bitcoin Framework in Turkey Ready for Parliament: Deputy Finance Minister
Draft Bill for Legal Bitcoin Framework in Turkey Ready for Parliament: Deputy Finance Minister

Turkey's Deputy Minister of Treasury and Finance Sakir Ercan Gül is set to present a draft bill to parliament providing a regulatory framework for Bitcoin and other cryptocurrencies later this year. Besides setting clear licensing requirements for local exchanges and introducing minimum capital requirements for cryptocurrency companies, the

News  •  Politics  •  Jul 18, 2021
Bitcoin Is the Only Way to Fix Inflation: Mayor of Jackson, Tennessee
Bitcoin Is the Only Way to Fix Inflation: Mayor of Jackson, Tennessee

Scott Conger, the mayor of Jackson in the U.S. state Tennessee, took to Twitter on Thursday to vent what appeared like frustrations that had built up for quite some time. "Every year, our dollar is worth less," he wrote, voicing his concerns about inflation. "6.3%

News  •  Politics  •  Jul 15, 2021
J.P. Morgan Says Bitcoin Is Too Illiquid to Be Legal Tender. Are They Right?
J.P. Morgan Says Bitcoin Is Too Illiquid to Be Legal Tender. Are They Right?

Illiquidity could place a “significant limitation" on Bitcoin's use as a medium of exchange in El Salvador, according to analysts from J.P. Morgan. The banking behemoth's report was released last Thursday and reported on by Bloomberg on Sunday. It references El Salvador's

News  •  Bitcoin  •  Jul 14, 2021
ECB Says Digital Euro Will Be More Climate-Friendly Than Bitcoin
ECB Says Digital Euro Will Be More Climate-Friendly Than Bitcoin

Likely to nobody's surprise, the European Central Bank's (ECB) research on the concept of a central bank digital currency (CBDC) has now reached its next step: the official launch of a digital euro project. In November last year, the ECB had initially launched a public survey

News  •  Economy  •  Jul 13, 2021
$2 Trillion Investment Firm Takes 12.2% Stake in MicroStrategy
$2 Trillion Investment Firm Takes 12.2% Stake in MicroStrategy

Another multi-trillion asset manager has entered the Bitcoin game: Capital International Investors, a division of Capital Group, which itself is an investment firm with over $2.3 trillion in assets under management, has purchased 953,242 shares in business intelligence firm MicroStrategy, according to an SEC filing released last week.

News  •  Business  •  Jul 13, 2021
People Power
People Power

Obi Nwosu is the CEO and co-founder of Coinfloor, the UK's longest-running Bitcoin exchange. He has over 20 years’ experience building online marketplaces and bringing virtual currencies to tens of millions of people. Obi writes The Road to Bitcoin Hegemony, a weekly recap of some of the most

News  •  Bitcoin  •  Jul 12, 2021
HIVE Adds Over 3,000 Bitcoin Miners and 46% Hash Power
HIVE Adds Over 3,000 Bitcoin Miners and 46% Hash Power

Bitcoin miner HIVE Blockchain Technologies has added 3,019 new MicroBT WhatsMiner M30S machines to its fleet. The new additions will boost HIVE's hash rate by around 46%, the company said in an announcement on Monday. The high-performance machines have an aggregate hash rate of 264 petahashes per

News  •  Business  •  Jul 11, 2021
USDC Issuer Circle to Go Public Via $4.5 Billion SPAC Merger
USDC Issuer Circle to Go Public Via $4.5 Billion SPAC Merger

Circle seeks to go public via a merger with a special purpose acquisition company (SPAC) that would place its valuation at $4.5 billion. The news became public on Thursday, when Circle announced the planned merger with Concord Acquisition Corp., making the firm the latest in a list of cryptocurrency

News  •  Business  •  Jul 09, 2021
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