Despite the COVID-19 e-commerce boom, bitcoin is hardly seeing more merchant usage as a transactional currency than it was five years ago. “We’ve been doing this for six years and it’s still very rough around the edges,” said Brian Hoffman,…
Category: Bitcoin
Bitcoin
Asset Manager Wilshire Phoenix Files to Launch New Bitcoin Investment Trust
Wilshire Phoenix, an asset manager which tried to launch a bitcoin exchange-traded fund (ETF) last year, has filed to launch a new Bitcoin Commodity Trust. According to a Securities and Exchange Commission (SEC) filing published Friday, the New York-based Wilshire…
Bitcoin Is a Way to Repair Economic Injustice: Author Isaiah Jackson
Last week, Minneapolis police officers killed a 46-year-old black man accused of buying cigarettes with a counterfeit $20 bill. Ongoing protests have erupted across the country, condemning police brutality and systemic racism. Part of this conversation – taking place on…
Market Wrap: Bitcoin Slides, Stocks Tread Water on Trump China Comments
Bitcoin declined for the first time in three days as traders in digital-asset markets and more traditional stocks considered the implications of U.S. President Donald Trump’s latest broadsides against China on the coronavirus and Hong Kong. Bitcoin (BTC) was changing…
Bitcoin Breaches $10K for First Time Since February
Bitcoin (BTC) rallied Thursday on high volumes, trading above $10,000 for the first time since Feb. 24 late in the day. The bellwether cryptocurrency surged nearly 7% in 24 hours to $10,071 as of 23:47 UTC (7:47 pm EDT), with…
Bitcoin Revenue in Square’s Cash App Tops Fiat Revenue for First Time in Q1
Bitcoin has flippened USD on Square’s Cash App, sort of. As reported in the publicly traded fintech company’s first-quarter earnings Wednesday, Cash App brought in $222 million on all its other fiat-powered services in Q1. Meanwhile, revenue from bitcoin was…
Crypto Long & Short: Why Bitcoin’s Big Rally Is a Sign of Its Economic Resilience
Economic growth figures are starting to trickle in, and, as expected, they’re bad. Really bad. This past week the U.S. reported Q1 GDP growth as -4.8%. Italy’s GDP fell -4.5%, Spain came in at -5.2%, and France trumped that with a whopping -5.8%. And that’s just warming up…
Market Wrap: There’s a Bright Side to Bitcoin’s Drop on Worsening Unemployment
Bad U.S. jobless data pulled markets lower Thursday, affecting even bitcoin. But there may be a silver lining for the cryptocurrency. At press time, the world’s largest cryptocurrency was up just 1% over 24 hours at $8,864, with 10-day and 50-day…
Market Wrap: Ether Up 50% in 2020, Hits $200 on Sunday
This year has been terrible for financial markets but good for cryptocurrencies. And while much has been made about bitcoin’s (BTC) gains of 7 percent since the start of 2020, ether (ETH) has been a shining star. Year to date…
Crypto Long & Short: The Battle of the Yields
“Cash is trash” has a nice rhyme to it, and in some inflation-ravaged paper-based economies it’s literally true. But as an investment mantra, it bears some scrutiny, especially in light of what it says about bitcoin. When a multi-asset manager…
