Month: November 2020

Bitcoin price nears record $20,000 high

Bitcoin price nears record $20,000 high




Russia to Recognize Bitcoin as Property With Legal Protection – Regulation Bitcoin News

The Russian prime minister has outlined the government’s plans to amend existing laws to recognize cryptocurrency as property. This means bitcoin owners will have the legal rights to defend and recoup their cryptocurrencies in court.

Russia to Recognize Bitcoin as Property

During the government meeting on Thursday, Russian Prime Minister Mikhail Mishustin talked about Russia’s plans for…

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The Bitcoin craze is back. Is it different this time? – National

Bitcoin-mania is back with its dizzying rallies and sudden crashes. The cryptocurrency dropped by 8.4 per cent on Thursday after nearing a record high on Wednesday.

The slump comes after Bitcoin surged around 50 per cent over the past three months and 140 per cent this year. The digital currency was trading at around US$17,000 (around $22,082) early on Friday after hitting a three-year high of US$19,521 ($25,357) on Wednesday.

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Another Guelph resident falls victim to Bitcoin scam, police say

The drop has also dragged down other popular digital currencies like Ethereum and XRP, the third-biggest. Both coins, which tend to move in tandem with Bitcoin, had hit multi-year highs earlier this week.

Bitcoin enthusiasts see the drop as a minor correction…

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Canada-Listed Investment Firm Sells All Its Ether, Monero to Buy More Bitcoin

Canada-based investment firm Cypherpunk Holdings has dumped its holdings of two alternative cryptocurrencies and put the proceeds into bitcoin.

In an announcement Thursday, the company said its bitcoin holdings have increased to 276.479 BTC from the balance of 72.979 BTC seen at the end of the second quarter, a 279% increase.

The company financed the additional bitcoin purchases with the “full liquidation” of positions in privacy-focused cryptocurrency monero and ether, the native…

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Bitcoin SV Technical Standards Committee opens first proposed standard for public review

ZUG, Switzerland, Nov. 25, 2020 /PRNewswire/ — Bitcoin Association, the Switzerland-based global industry organisation that works to advance business with the Bitcoin SV blockchain, today announces that the first proposed standard from the Bitcoin SV Technical Standards Committee has reached the public review phase.

The proposal, a standard data format for Merkle inclusion proofs, is the first to reach the public review phase as part of a pilot programme for the Bitcoin SV Technical…

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Russian Cryptocurrency ‘Miners’ Minting Millions While Sucking Abkhazia’s Electricity Grid Dry

SUKHUMI — In the side streets and narrow alleys of Abkhazia’s main city, a low growl and an oily stench are common once again. Thrumming diesel generators provide power amid rolling blackouts that have infuriated residents and evoked memories of the postwar chaos nearly three decades ago.

But what’s more infuriating for many Abkhaz is what’s causing the blackouts: bitcoin.

Or, to be more precise, the cryptocurrency “miners” whose computer servers are sucking the breakaway…

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After Two Deadly Hurricanes, On the Ground in the Sula Valley of Honduras

In Honduras’s Sula Valley, where two deadly hurricanes barreled through less than two weeks apart, aid workers on the ground are describing whole communities underwater. People stranded on roofs, waiting to be rescued by the helicopters whirring overhead. Overcrowded shelters, with many families huddled in temporary shelters or under overpasses when shelter space isn’t available.

“I see destruction, devastation. I see people without hope, people still on the streets,” said Pascual Torres, a lawyer, reverend, and chancellor of the Episcopal Diocese of Honduras, who co-founded the aid group Siempre Unidos.

Twin Disasters

Hurricane Eta, which made landfall in Nicaragua as a Category 4 hurricane on November 3, cut a devastating path through Central America, killing at least 178 and causing untold damage. Sula Valley, already soaked by winter rains, experienced several feet of flooding.

Then, Hurricane Iota followed on November 16, following a remarkably similar path and deluging the Sula Valley – again. The death toll stands at more than 60 thus far, and approximately 200,000 people are displaced.

“This time, the water came in so fast that people had a hard time getting out of harm’s way,” said Chet Thomas, executive director of the Honduras-based NGO Proyecto Aldea Global. “Today there’s 10 to 12 feet of water over the entire valley.”

“I don’t know how we’re going to get over this. It’s going to take years,” Torres said.

As Central America reels from the impact of Hurricanes Eta and Iota, Direct Relief, supported by FedEx, has sent seven emergency shipments to the region, with a total value of almost $10 million. The pallets contained a large variety of emergency medical aid, including antibiotics, antifungals, chronic disease medications, PPE, and wound care supplies.

“It was a no-brainer for us,” said Cydney Justman, a senior emergency response manager at Direct Relief. “We have a really, really long history there, so…


The case for cryptocurrencies

There is a burgeoning conversation in Pakistan around the use and ownership of an asset class commonly known as “cryptocurrencies.” While heightened investor, academic, and regulatory interest in this new form of economic capital is already well-documented around the world, the increasing focus in Pakistan is also a welcome trend. Although Pakistan may be seen as “late” to enter the world of cryptocurrencies, given that several dozen countries now have well entrenched systems for…

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B2Gold (BTG) is an Incredible Growth Stock: 3 Reasons Why

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market’s attention and produce exceptional returns. However, it isn’t easy to find a great growth stock.

By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company’s growth story is over or nearing its end, betting on it could lead to significant loss.

However, the task of finding cutting-edge growth stocks is made easy with the help of…

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Bitcoin at $100,000 in 2021? Outrageous to some, a no-brainer for backers


Bitcoin investors, which include top hedge funds and money managers, are betting the virtual currency could more than quintuple to as high as $100,000 in a year.

It’s a wager that has drawn eye-rolls from skeptics who believe the volatile cryptocurrency is a speculative asset rather than a store of value like gold.

Since January, bitcoin has gained 160%, bolstered by strong institutional demand as well as scarcity as payment companies such as Square and Paypal buy it on behalf…

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