Craig Wright Quotes Bible, Slams 'F**king A**holes' in Bizarre Bitcoin Rant

Craig Wright Quotes Bible, Slams 'F**king A**holes' in Bizarre Bitcoin Rant 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Craig Wright, who desperately wants you to believe that he created Bitcoin, made an appearance at an event hosted by the Financial Times this past Friday. Vaudeville, the organizers said, is “where film noir meets performance finance.” Craig Wright Berates Audience, Promises to Donate $8 Billion from Satoshi Hoard FT’s own Jemima Kelly referred to the event as “The Fyre Festival of Finance.” The name harkens to Ja Rule’s Fyre Festival, a legendarily lousy music festival that turned into a nightmare for everyone involved. At the event, Craig Wright gave…

Bahrain Crypto Exchange Gets Central Bank License in Middle East First

Bahrain Crypto Exchange Gets Central Bank License in Middle East First 2  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bahrain-based cryptocurrency exchange Rain has become the Middle East’s first exchange to receive a regulatory license. In a blog post from July 31, Rain confirmed it had received a Crypto-Asset Module (CRA) license from the Central Bank of Bahrain. The license came the same week Rain announced successful closure of a $2.5 million funding round backed by partners including the V.C. arm of crypto derivatives giant BitMEX. Kuwaiti blockchain fund Blockwater also contributed. The blog post reads:  “With this license, Rennes has become the first encrypted currency trading platform in…

Key Takeaways from U.S. Senate's Latest Crypto Inquisition

Key Takeaways from U.S. Senate's Latest Crypto Inquisition 3  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Earlier today, the United States Senate Committee on Banking, Housing, and Urban Affairs held a full committee hearing entitled “Examining Regulatory Frameworks for Digital Currencies and Blockchain” to discuss the viability of existing policies and regulations governing the U.S. crypto industry. Crypto industry executives including Circle CEO Jeremy Allaire were present at the hearing to address issues in the implementation of regulatory frameworks used by the traditional financial sector to provide oversight on the cryptocurrency market. Circle CEO calls for clear cryptocurrency regulations At the hearing led by Chairman Mike…

Track your Coinbase Card purchases with Spending Summaries

Track your Coinbase Card purchases with Spending Summaries 4  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Smart features to help you spend wisely Today, we’re introducing Spending Summaries — a smart way for you to see exactly what you spend your crypto on when you pay using Coinbase Card. Spending Summaries break down your crypto purchases into ten different categories such as Transport, Cash Withdrawals, Restaurants, and more, helping you track your spending habits over time. Since launching Coinbase Card in May, we’ve helped customers in the UK, Ireland, France, Spain, Italy, Germany and the Netherlands, spend over $2,500,000. Every day, thousands of crypto purchases are…

Bank of China’s New Infographic Shows Why Bitcoin Price Is Going Up

Bank of China’s New Infographic Shows Why Bitcoin Price Is Going Up 5  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

The Bank of China, one of the four biggest state-owned commercial banks in the country, released on its website an infographic illustrating what is Bitcoin (BTC), how it works and why it’s valuable on July 26. A brief story: from Bitcoin to Libra The infographic illustrates the story of Bitcoin, starting with the publication of its whitepaper in 2008, the mining of the first 50 BTC in 2009, 10,000 BTC having been spent for pizza in 2010, and other major milestones for the system, ending with the announcement of Facebook’s…

Bitcoin Price Retakes $10K as Fresh Data Supports Giant $300K+ Bull Run

Bitcoin Price Retakes $10K as Fresh Data Supports Giant $300K+ Bull Run 6  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin (BTC) price gained over $300 in just ten minutes on July 27 as markets rallied to take the largest cryptocurrency back above $10,000.  Market visualization. Source: Coin360 Bitcoin network holds clues to price future Data from Coin360 shows BTC/USD trending towards the psychologically important barrier after hitting local highs of $10,179 early Saturday.  The sudden uptick ended a period of losses for Bitcoin holders, who watched as the pair descended to lows around $9,580 this week. Bitcoin 7-day price chart. Courtesy of Coin360 Bitcoin price remains around 4.7% down…

Square Crypto Reveals Hyper-Focus on Bitcoin Development for Payments

Square Crypto Reveals Hyper-Focus on Bitcoin Development for Payments 7  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

It’s early days for Square Crypto. The bitcoin-focused arm of Jack Dorsey’s payments company Square has been extremely mysterious about their role in the crypto ecosystem, but the team has begun to tip their hand. In a step toward greater transparency, Square Crypto, which has so far hired Google alum, Steve Lee, engaged with social media, offering a glimpse into what’s on the horizon. Square Crypto: What We Know Jack Dorsey’s crypto business has no plans to launch its own cryptocurrency. This according to the ask-me-anything session held today. Instead,…

Bitcoin Bull Lou Kerner: Facebook Is Dying and Libra Is Dead on Arrival

Bitcoin Bull Lou Kerner: Facebook Is Dying and Libra Is Dead on Arrival 8  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Ask not for whom the bell tolls, Facebook. It tolls for thee, says bitcoin bull Lou Kerner. The crypto investor says Facebook is on its last legs, and even its over-hyped stablecoin project, Libra, can’t save it. Kerner made the ominous predictions in a Medium blog post, where he rebuked Wall Street for being blind to Facebook’s obvious deterioration because of the investment community’s misguided focus on revenues. Lou Kerner: Facebook’s user engagement is tumbling According to Kerner, the most important metric that analysts should focus on is Facebook’s year-over-year…

3 Reasons Analysts Are Bullish on Bitcoin Despite 33% Price Correction

3 Reasons Analysts Are Bullish on Bitcoin Despite 33% Price Correction 9  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

As Bitcoin dropped an additional 8% on Saturday, naysayers claim the rally to a new all-time high is over. So what is it that’s keeping market analysts bullish in the face of a 33 percent correction?  Bitcoin price bears draw a line at $10,000 Bitcoin’s most recent price action has been less than satisfactory, unless you’re a bear. To date, the top digital asset is down 32% from it’s 2019 high of $13,739 and short term price action remains overwhelmingly bearish.  Over the past two weeks Bitcoin formed an M-top…

Peter Schiff Pounces, Chalks Up Bitcoin to Marketing Success for Early Whales

Peter Schiff Pounces, Chalks Up Bitcoin to Marketing Success for Early Whales 10  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

The bitcoin price is once again hovering below the $10,000 level, which the bulls see as a buying opportunity and the skeptics take as a chance to make digs. Gold bug Peter Schiff is among the first to pounce and rather than buying is doubling down on his bearish sentiment. The funny thing is there are similarities between the nascent crypto market and the early days of the gold rush. Schiff is pointing to the market dynamics as a weakness while crypto market leaders are reminding him that gold –…