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Iranians Continue to Use Bitcoin Despite State Measures to Stifle Trade

Iranians are still using Bitcoin as a popular alternative to traditional currencies, despite anonymous reports coming in from Iran that the government has been stifling the trading of cryptocurrency since May 2018 by blocking important exchange websites.

Read the full article at https://bitcoinnews.com/iranians-continue-to-use-bitcoin-despite-state-measures-to-stifle-trade/

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Bryan Bishop Releases Bitcoin Alert Keys to Public

Bitcoin developer Bryan Bishop has the Bitcoin alert keys to the public by posting them on the Bitcoin developers mailing list on 2 July 2018. He had earlier said on 14 June 2018 that it was time to reveal the secret keys.

Read the full article at https://bitcoinnews.com/bryan-bishop-releases-bitcoin-alert-keys-to-public/

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Institutional Investors Will Choose Bitcoin over Other Crypto

The Director of Element Group, Thejas Nalval, said in an interview on CNBC that he is very bullish about Bitcoin due to its developer team and the investor community behind it. Further, he thinks Bitcoin will be the top choice for institutional investors.

Read the full article at https://bitcoinnews.com/institutional-investors-will-choose-bitcoin-over-other-crypto/

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Bitcoin Tech Supporting and Educating Small Farmers Worldwide

Bitcoin’s underlying technology blockchain is beginning to have an impact in supporting farmers and smallholders around the world, writes the BBC.

Read the full article at https://bitcoinnews.com/bitcoin-tech-supporting-and-educating-small-farmers-worldwide/

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The Evolution of Bitcoin According to Darwinism: No ‘Eureka Moment’

The development of Bitcoin and other cryptocurrencies can be viewed with some clarity using Darwinism and evolution as an explanation, writes Shanna McEachern in the Global Banking and Finance Review.

Read the full article at https://bitcoinnews.com/the-evolution-of-bitcoin-according-to-darwinism-no-eureka-moment/

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Octagon Strategy Thinks Regulations Will Drive Bitcoin’s Price Upwards

Head Trader at Octagon Strategy, Ryan Rabaglia, acknowledges that the markets have been under pressure and are well off their highs, but that stepping back and looking at a long-term chart reveals Bitcoin is up over 100% in the past year.

Read the full article at https://bitcoinnews.com/octagon-strategy-thinks-regulations-will-drive-bitcoins-price-upwards/

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‘Satoshi Nakamoto’ is Writing a Book About the Origins of Bitcoin

On 29 June 2018, an author claiming to be Satoshi Nakamoto published a website called the ‘Nakamoto Family Foundation’ that gives details about how a book explaining the origins of Bitcoin may eventually be released.

Read the full article at https://bitcoinnews.com/satoshi-nakamoto-is-writing-a-book-about-the-origins-of-bitcoin/

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Ex-US Presidential Candidate: Gold and Crypto Should Replace US Dollar

Ron Paul, a previous US presidential candidate and now retired but respected politician, has suggested that a combination of gold and cryptocurrencies could eventually replace the US dollar, writes Bitcoinist.

Read the full article at https://bitcoinnews.com/ex-us-presidential-candidate-gold-and-crypto-should-replace-us-dollar/

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Bitcoin is ‘Back in the USSR’

Russia’s launch of its first crypto investment bank is the hot news from Eastern Europe’s sleeping bear, but how is the old USSR and the rest of the eastern bloc holding up in the charge to regulate the nascent industry in the region?

Read the full article at https://bitcoinnews.com/bitcoin-is-back-in-the-ussr/

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BTCC Exchange Reopens After Nearly a Year

BTCC has announced today on 2 July 2018 that its cryptocurrency exchange has reopened, after being closed since September 2017 due to Chinese regulations that forced major Bitcoin exchanges to leave the country. BTCC is now using the USD instead of the CNY and is offering Bitcoin, Bitcoin Cash, Ethereum, and Litecoin trading pairs. Another big change is that it is headquartered in the United Kingdom, whereas it used to be based in Hong Kong.

Read the full article at https://bitcoinnews.com/btcc-exchange-reopens-after-nearly-a-year/

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Swiss Crypto Vault Stores Millions of Dollars in Bitcoin in Cold War Nuclear Bunker

Swiss Crypto Vault is storing Bitcoin in an underground bunker located in the mountains of Switzerland. The bunker is from the Cold War Era and is built to withstand a nuclear attack, perhaps making it one of the most secure places to store Bitcoin private keys.

Read the full article at https://bitcoinnews.com/swiss-crypto-vault-stores-millions-of-dollars-in-bitcoin-in-cold-war-nuclear-bunker/

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SEC Makes it Easier for Bitcoin ETFs

The United States Securities and Exchange Commission (SEC) has proposed new rules for the approval of exchange-traded funds (ETFs) that makes it more likely that a Bitcoin ETF will soon become a reality. The proposed rules outline a plan that new ETFs can follow to streamline the approval process. This would eliminate the need for ETFs to get a special order from the SEC before they can operate.

Read the full article at https://bitcoinnews.com/sec-makes-it-easier-for-bitcoin-etfs/

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Iran Looks to Crypto Amid Hyperinflation, Looming Sanctions

The Iranian Rial (IRR) is experiencing a hyperinflation rate of 132% annually and rising rapidly according to calculations by Professor Steve Hanke of John Hopkins University. Now, the Iranian government and the Iranian people appear to be looking to use cryptocurrency as a safe haven as their native fiat currency weakens.

Read the full article at https://bitcoinnews.com/iran-looks-to-crypto-amid-hyperinflation-looming-sanctions/

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Survey: 60% of US Consumers Wished They Invested in Bitcoin

A new study released by CreditCoin shows that more than half of US consumers surveyed who didn’t own Bitcoin or any other cryptocurrency wished they did. Additionally, new cryptocurrency adopters find that the processes of buying digital currency are too complex, and therefore off-putting to those new to the space, writes Benzinga.

Read the full article at https://bitcoinnews.com/survey-60-of-us-consumers-wished-they-invested-in-bitcoin/

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Blockchain to Launch an Institutional Investment Platform

Blockchain has announced that they are launching an institutional investment platform named Blockchain Principal Strategies. The CEO and Co-Founder of Blockchain, Peter Smith, says “We are thrilled to debut Blockchain Principal Strategies, an institutional grade platform customized for institutions, family offices, and individual investors. BPS provides clients the opportunity to invest in digital assets with the same peace of mind and security that has become synonymous with the Blockchain name”.

Read the full article at https://bitcoinnews.com/blockchain-to-launch-an-institutional-investment-platform/

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CEO of BitMEX Says Bitcoin Will Hit USD 50,000 By End of 2018

The Co-Founder and CEO of BitMEX, Arthur Hayes, says Bitcoin will hit USD 50,000 by the end of the year after possibly bottoming out in the USD 3,000 to USD 5,000 range. He says Bitcoin is just one positive regulatory decision away from a massive rally. That piece of positive news might be a Bitcoin exchange-traded fund (ETF) being approved by the Securities and Exchange Commission (SEC).

Read the full article at https://bitcoinnews.com/ceo-of-bitmex-says-bitcoin-will-hit-usd-50000-by-end-of-2018/

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Former Oxford Grad becomes UK’s First Bitcoin Billionaire at $3.6 Billion

An Oxford graduate living in Hong Kong has been identified as Britain’s youngest Bitcoin billionaire at the age of only 34, according to the Mail Online.

Read the full article at https://bitcoinnews.com/former-oxford-grad-becomes-uks-first-bitcoin-billionaire-at-3-6-billion/

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Tens of Thousands of Bitcoin Mining Rigs Destroyed In Sichuan Floods

Chinese media platform Global Finance is reporting that tens of thousands of Bitcoin mining rigs have been drowned in floods in Sichuan, China. Apparently, 70% of Bitcoin mining rigs are in China, and 70% of Chinese Bitcoin mining rigs are in Sichuan. This is due to an abundance of cheap hydro-electric power in the region. The Bitcoin mining hash rate actually dropped significantly at the time the floods occurred, from 43.1 exhash/s on 23 June 2018 (the all-time record for Bitcoin mining hash rate) to 30.5 exahash/s on 26 June. Global Finance says the timing of the dip in mining hash rate corresponds exactly with the Sichuan floods.

https://bitcoinnews.com/tens-of-thousands-of-bitcoin-mining-rigs-destroyed-in-sichuan-floods/

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More Millennials Shunning Traditional Investment Options in Favor of Bitcoin

The UK real estate developer Get Living recently conducted a survey to determine people’s attitudes towards property investment across cities in the region.

Read the full article at https://bitcoinnews.com/more-millennials-shunning-traditional-investment-options-favor-bitcoin/

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Australian Banker’s Misinformed Bitcoin Claims Corrected by Experts

Australian Banker Tony Richard has been criticized by experts over his misinformed claims regarding cryptocurrency spouted during his speech at the Australian Business Economists in Sydney, on June 26th.

https://bitcoinnews.com/australian-bankers-misinformed-bitcoin-claims-corrected-by-experts/