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…

Square Crypto Reveals Hyper-Focus on Bitcoin Development for Payments

Square Crypto Reveals Hyper-Focus on Bitcoin Development for Payments 4  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 5  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 6  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 7  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 –…

Elon Musk Shows Gaming Prowess, Adds Cuphead to Tesla Arcade

Elon Musk Shows Gaming Prowess, Adds Cuphead to Tesla Arcade 8  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

With news that Tesla is adding throwback run and gun indie darling Cuphead to its growing Tesla Arcade library, the company takes an essential step toward making in-vehicle gaming an attractive proposition. Cuphead for Tesla coming out in August — e^👁🥧 (@elonmusk) July 27, 2019 Up until now, lackluster titles such as Beach Buggy Racing 2 have left a lot of owners scratching their heads, not to speak of raising concerns around using the steering wheel as a controller and the impact this would have on tire wear. The addition…

Cypherpunks Taiwan Successfully Erects Another Bitcoin Satellite Receiver

Cypherpunks Taiwan Successfully Erects Another Bitcoin Satellite Receiver 9  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

According to a report out of Blocktempo, Cypherpunks Taiwan has successfully erected another Bitcoin satellite receiver. The island nation is apparently only the second country in Asia to do so after Japan pipped it to the post last year. This setup takes advantage of the controversial Blockstream satellite project that CCN previously reported on. Even though China dominates in the Bitcoin mining arena it has a zero-tolerance policy towards the erection of such devices. And as Andreas Antonopolous clearly explains, this is exactly the scenario in which they may become…

Investors Inexplicably Keep Throwing Cash at Elon Musk

Investors Inexplicably Keep Throwing Cash at Elon Musk 10  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Just a day after Tesla reported a $408 million loss, more cash burn, and ridiculous delivery estimates, Elon Musk demonstrated once and for all why he either should leave or sell Tesla. The last straw? He announced an outside investment of $120 million in his Boring Company. Elon Musk Distracted by Boring Company Why is Elon Musk using Tesla shareholder time on The Boring Company and SpaceX? And why aren’t those shareholders complaining? Even worse, guess where that $120 million partially came from? Steve Jurvetson, who has a seat on…