Guests at one of Switzerland’s top five-star hotels will be able to pay for services in bitcoin starting today. The Dolder Grand announced April 2 – the day on which bitcoin price inflated by 23 percent – that it would begin accepting the cryptocurrency for room reservations, spa treatments, and even for a cup of coffee.…
Private blockchains seem to be all the rage as of late. Mere weeks ago, JP Morgan Chase launched a private version of crypto network Ethereum, Quorum, to support the fittingly-titled “JPM Coin.” And over the past year or longer, technology heavyweight IBM has built an array of ‘decentralized’ ledgers for corporations with Stellar’s technology. The…
Texas Republican Rep. Phil Stephenson has introduced a bill-draft that would require Texans to identify themselves before they use crypto assets like bitcoin. In Texas House Bill No 4371, Stephenson took the institutionalization of digital currencies to an altogether new level. His bill recognized the blockchain technology as a tool that enables users to create…
A group of investigative journalists uncovered a $9 billion money laundering scam rooted from Russia’s largest private bank and unsurprisingly, it doesn’t involve Bitcoin. The scheme, which enabled perpetrators to funnel billions from shell companies to the global banking system, was exposed by the Organized Crime and Corruption Reporting Project (OCCRP) with assistance from the Guardian…
Bitcoin.com is likely under a government-sponsored cyber attack, according to owner and crypto investor Roger Ver. The 40-year old Tokyo-based entrepreneur stated Monday that he received a Google Suite alert about a potential intrusion. He posted a screenshot, indicating that anonymous government-backed hackers were attempting to compromise one of the Bitcoin.com’s email accounts. Here’s the copy…
Mere weeks ago, JP Morgan Chase, one of the world’s largest financial institutions, shocked the crypto space. For those who missed the memo, the Wall Street mainstay unveiled plans to launch its own digital asset, based on the Ethereum-esque Quorum private ledger. Due to its premise, JPM Coin, as the cryptocurrency has been dubbed, was…
At long last, incumbent corporations of legacy industries have begun to delve into cryptocurrencies, not just blockchain technologies. While Bitcoin (BTC) has continued to struggle, save for its relatively stellar performance over February, Wall Street darling JP Morgan and Silicon Valley’s Facebook have announced serious intentions to offer their own digital assets. Although the two…
Bakkt, a digital asset platform which is set to introduce the very first physically-settled bitcoin futures, will launch later this year. And, according to Alec Ziupsnys, the launch could legitimize the dominant cryptocurrency before 100 million potential users per week. The chief innovation officer at BlockEdge Capital tapped on how Bakkt’s partnership with Starbucks was…
It isn’t a secret that the Lightning Network, a second-layer solution aimed at easing the qualms Bitcoin faces with scalability, has seen monumental levels of adoption as of late. The ecosystem has seen its maximum capacity swell over the 700 BTC milestone, cementing its viability as a system that provides cost-efficient, rapid, secure, and more…
Years ago, when Bitcoin was just a wee lad, a crypto user going by Laszlo made the world’s first real-world transaction with BTC. In what became a historic event in this nascent community, the BitcoinTalk user purchase pizza for 10,000 BTC, then valued at less than $40. Since that date using crypto to purchase pizza,…