99Bitcoins

Bitcoin News Summary – October 21, 2019

Here’s what happened this week in Bitcoin.  It was not a good week for Facebook’s Libra project – again. Hotel reservation company, Booking.com, joined PayPal, Visa, and Mastercard to become the 7th major company to exit the project. Furthermore, a US Congressman said Facebook should drop Libra and instead implement Bitcoin. Warren Davidson criticized …

99Bitcoins

Bitcoin News Summary – October 14, 2019

Here’s what happened this week in Bitcoin.  Some of the biggest corporate backers of Facebook’s Libra currency have withdrawn from the project, dealing a major blow to Facebook’s plans for a global cryptocurrency. Visa, MasterCard, eBay, and Stripe have all followed PayPal’s lead in bowing out of the Libra Association, just prior to its upcoming …

99Bitcoins

Bitcoin News Summary – October 7, 2019

Here’s what happened this week in Bitcoin.  Coinbase’s specialized exchange for advanced traders, Coinbase Pro, unexpectedly hiked its fees significantly. Beginning Monday, Coinbase Pro introduces a new tiered system whereby anyone trading under $10,000 per month will pay half a percent fee on every trade. Small traders are understandably unhappy with the new fee …

99Bitcoins

Bitcoin News Summary – September 30, 2019

Here’s what happened this week in Bitcoin.  Crypto markets suffered a serious drop this week. Bitcoin led the market downwards, as it slipped below its support level of $10,000. Bitcoin’s falling dominance is perhaps a result of stablecoins holding steady during this market decline.  Binance.US, the American arm of cryptocurrency exchange giant Binance, has …

99Bitcoins

Bitcoin News Summary – September 23, 2019

Here’s what happened this week in Bitcoin.  Financial giant, Wells Fargo is developing a U.S. dollar-linked stablecoin that will run on the firm’s blockchain platform. Dubbed Wells Fargo Digital Cash, the tokenized dollar will be used in a pilot for internal settlement across the company’s business.  Snowden’s new book, “Permanent Record,” sheds further light …

99Bitcoins

Bitcoin News Summary – September 16, 2019

Here’s what happened this week in Bitcoin.  Bitmain opened sales for its new Antminer S17e and T17e Bitcoin mining ASICs this week. The first batch was quickly sold out. The units are said to achieve high efficiency with max hash rate of 64 Terahash per second but cost up to $2700. Crypto payment service …

99Bitcoins

Bitcoin News Summary – September 9, 2019

Here’s what happened this week in Bitcoin.  The US Securities and Exchange Commission finally approved a limited ETF. The Van Eck SolidX ETF will only allow institutional investors to get Bitcoin exposure via the traditional securities market, so a full ETF tradable by the general public is still pending. The Winkelvoss twins first proposed …

99Bitcoins

Bitcoin News Summary – September 2, 2019

Here’s what happened this week in Bitcoin.  The trial between the self-proclaimed creator of Bitcoin, Craig Wright, and the family of his former partner, Dave Kleiman, was concluded this week. The judge found that Wright lied in his testimony and falsified evidence. The judge further ordered Wright to transfer 410,000 bitcoins thought to be …

99Bitcoins

Bitcoin News Summary – August 26, 2019

Here’s what happened this week in Bitcoin.  Online retailer, Rakuten, often described as the Amazon of Japan, announced the launch of its new crypto exchange app, Rakuten Wallet. Initially, supported cryptos are Bitcoin, Ethereum, and Bitcoin Cash.  The app is available for Android, with iOS coming next month.  Major crypto derivatives exchange, BitMEX, has …

99Bitcoins

Bitcoin News Summary – August 19, 2019

Here’s what happened this week in Bitcoin in 99 seconds.  New Zealand’s tax agency, the Inland Revenue Department, released a groundbreaking ruling, stating that salaries and wages may be legally paid in cryptocurrency. Income tax will be applied to such payments as per usual. To qualify, payments must be in regular amounts in cryptos …