Our goal isn’t to make money, but to improve it – Jack Dorsey, Square/Twitter CEO

The bitcoin price has been boosted over the last few months by a raft of positive news for the bitcoin and cryptocurrency industry, including bullish surveys, technical developments, institutional support, and traditional investor endorsements. This has prompted Jack Dorsey, the chief executive of micro-blogging social network Twitter and Square, to take further steps toward incorporating […]

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60 Minutes Profiles Bitcoin, Prices Surge

On May 19, 2019, Anderson Cooper and 60 Minutes profiled the crazy ride Bitcoin has been on since it’s inception 10 years ago. After the segment, prices surged to the second-highest exchange rate in 2019. Introducing Bitcoin to the mainstream, and to a demographic that is unfamiliar with the currency, Cooper does a fine job […]

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Whole Foods, Nordstrom, Crate & Barrel, More Embracing Cryptocurrency

An article today at Fortune.com, announced a new initiative to bring big name retailers such as Whole Foods, Baskin Robbins, Nordstrom, Crate & Barrel, Regal Cinemas and Gamestop on board accepting cryptocurrency such as bitcoin. Here’s an excerpt from the article: Since its arrival ten years ago, cryptocurrency has struggled to enter mainstream commerce. This […]

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Bit 49 Adding North America Capacity

Expects at least 3 sites by the end of Summer. Colorado Springs, Colorado — As Bitcoin prices continue to create division among bears and bulls, and hobby miners scramble to buy up existing hosting space, Bit 49 is officially negotiating for two new sites in North America, with two more to be added soon. The […]

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French Bank Issues ETH Bond Worth $111-million USD

In a statement yesterday, French bank Societe Generale covered a ETH bond worth $100m EUR in it’s pilot program to experiment with blockchain technology as a more efficient way to issue bonds. More from the statement below: Societe Generale issued the first covered bond as a security token on a public blockchain Societe Generale SFH, […]

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Blockchain Bandit Exploits Weak Private Keys, Ethercoming, Netting Millions

An article today from Wired stated: A single Ethereum account seems to have siphoned off a fortune of 45,000 ether—worth at one point more than $50 million—using those same key-guessing tricks. The article details the actions of a new brand of highwayman intent of discovering YOUR weak private keys and moving your crypto to their […]

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While Avoiding Direct Investment, Major Worldwide Companies Invest in Crypto Tech

An article today published by Reuters detailed updated numbers highlighting a dramatic increase in money flowing into blockchain and cryptocurrency technology from leading finance and tech companies worldwide. Below is an excerpt from the article: LONDON (Reuters) – Major finance and tech firms are pouring money into startups building technology to develop the crypto market, […]

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On The Record: Bit 49 CEO, Felipe Pinto Rings in on the Future of Crypto Mining in China

Is China really cracking down on BTC Mining? CEO Felipe Pinto comments on recent news that China may ban crypto mining. Effect of a Ban It’s hard to say to what extent or how soon such a crackdown would materialize. But there is certainly precedent for such policy, and Chinese municipalities with the power to […]

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Bit 49 Ramps Up Staff as Company Continues to Scale Up, Expand Footprint

FOR IMMEDIATE RELEASE Contact: Felipe Pinto, CEO, Bit 49 Phone: (719) 422-9486 Email: felipe@bit49.io Colorado Springs, Colorado — Due to continued growth and expansion, CEO Felipe Pinto and Chief of Staff Harrison Budge recently returned to their alma mater, Brigham Young University (BYU), in search of fresh talent to take Bit 49 to another level […]

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The Future Of Crypto Mining in China, Is it Ending?

News reports last week from both Wired magazine and Reuters seems to suggest China may be placing a ban on mining farms in the near future. What does this mean for US-based hosting providers and farmers? Add your thoughts below. Here is an excerpt from the Reuters article: SHANGHAI/HONG KONG (Reuters) – China’s state planner […]

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