What is Bitcoin? To the uninitiated, this question sounds rather unexciting. They understand Bitcoin to be a cryptocurrency as it is repeatedly portrayed by the mainstream media. While this is true on a very superficial level, the common Bitcoiner would stress the fact that Bitcoin is more than just a

Founder of Block (formerly Square) Jack Dorsey spoke to the Democrats of the House Financial Services Committee on March 31st, 2022 in order to address some of their concerns about Bitcoin and cryptocurrencies. Topics that attendees brought up with Dorsey include: * Energy consumption - Dorsey covered the various ways that

Canadian oil and gas company, Bengal Energy, prepares to launch Bitcoin mining efforts in Australia. The company will be setting up a portable building for the purpose of housing 70 mining rigs as part of its up-and-coming pilot program. These rigs will be close to gas wells that were previously

A street party in Portland, Oregon celebrating the Bitcoin Lightning Network turned heads, and provided real-world use cases for the technology. The Bitcoin Beach-style street fair featured vendors, artists, and food trucks, all accepting payment via the Lightning Network. Fiat money, naturally, was banned from the event. Clay Graham, founder

Kraken users can now instantly deposit and withdraw up to 0.1 Bitcoin with virtually zero fees using the Lightning Network. According to Pierre Rochard, who is a Bitcoin product manager at Kraken, “Adoption will come from people who have fiat in their bank account, and need to get it

The European Parliament voted in favor of an anti-money laundering legislation which requires every crypto transfer be reported to authorities. The legislation cites the use of “unhosted wallets” as potential avenues for money laundering.  The report states that the EU’s Transfer of Funds Regulation (TFR) is looking to regulate

In March of 2021, Kentucky was able to pass House Bill 230 which incentivizes commercial miners with a number of tax breaks for their operations. Commercial miners are allowed to be tax exempt for the energy and equipment they use. In order to receive these exemptions, Senate Bill 255 requires

GAO released a study on the benefits of blockchain technology to provide Congress with an overview of what, how, where, and why blockchains are needed within today’s economy. The report discusses the non-financial, financial, and policy options that enhance solutions as well as mitigate certain challenges that blockchain technology