Tag Archive : Bitcoin

/ Bitcoin

KEY POINTS

  • Tesla CEO said reports of a Bitcoin ATM inside one of its facilities are inaccurate
  • LibertyX reportedly added Bitcoin selling feature to three ATMs at the facility
  • They can be accessed only by Tesla employees

Tesla CEO Elon Musk has denied recent reports that there is a Bitcoin ATM inside the car company’s Gigafactory in Nevada.

“I don’t think this is accurate,” Musk tweeted Monday, while replying to a tweet by news website Teslarati. The Teslarati tweet has since been deleted.

On Sunday, Will Reeves, the CEO of cryptocurrency payments and rewards app Fold, tweeted about spotting a LibertyX “bitcoin ATM at the Gigafactory,” along with a Google Maps image. LibertyX is a manufacturer of cryptocurrency ATMs in the United States. 

News outlet Finbold, on Sunday, reported that the LibertyX Bitcoin ATM, mentioned in the tweet, was in existence at the Gigafactory since August and it

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Partnership allows traders using Mercury’s BEACON platform and API to trade bitcoin options and perpetual swaps on Bit.com’s crypto derivatives exchange

Mercury Digital Assets (“Mercury”), a technology provider for digital asset markets, announced today its partnership with Bit.com, a secure, high-performance crypto derivatives exchange launched by Matrixport. This partnership enhances trading capabilities for both parties’ customers at a time of growing interest in crypto derivatives.

With the integration of the firms’ systems, Mercury customers can now trade directly in Bit.com’s order book using Mercury’s BEACON platform’s set of professional-grade trading tools or connect via Mercury’s set of robust APIs to automate workflows and interconnect systems.

“Cryptocurrencies are not a ‘niche’ asset anymore. We field inquiries from all types of traditional derivatives market participants who want exposure to cryptocurrencies and appreciate our track record of building state-of-the-art trading technology,” said Tony Saliba, Founder of Mercury. “We’ve watched Bit.com build substantial market

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Bitcoin and cryptocurrency use by terrorists, rogue nations and other criminals has grown in recent years—with high-profile attacks drawing international attention.

The illicit use of bitcoin and cryptocurrency ranges from money laundering and tax evasion to extortion, with cyber criminals increasingly demanding bitcoin and crypto payments in ransomware attacks on computer systems.

Now, the U.S. Department of Justice (DOJ) has warned the emergence of bitcoin and similar cryptocurrencies is a growing threat to U.S. national security, with the attorney general William Barr’s Cyber-Digital Task Force calling it the “first raindrops of an oncoming storm.”

MORE FROM FORBESNeither Trump Nor Biden Will Help The U.S. Dollar, Warns Early Facebook Exec-Calls Bitcoin An ‘Insurance Policy’

“Current terrorist use of cryptocurrency may represent the first raindrops of

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Square (NYSE: SQ) announced Thursday that it has purchased $50 million in bitcoin.

“Square believes cryptocurrency is an instrument of economic empowerment and provides a way to participate in a global monetary system, which aligns with the company’s purpose,” the payments company said in a tweet. 

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Related Link: Square Reports Q4 Earnings Beat

Dorsey A Bitcoin Bull: Jack Dorsey is the CEO of Square as well as Twitter Inc (NYSE: TWTR). 

Dorsey recently said he believes bitcoin remains the most viable currency for the internet in an interview with Reuters.

The internet “wants a currency,” and bitcoin is the “best manifestation of that thus far,” he said. 

“I can’t see that changing given all the people who want the same thing and want to build it for that potential.”

Square is a financial services and mobile payments company based in San Francisco. The company

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Goldman Sachs
GS
, along with other Wall Street giants, has been eyeing bitcoin and cryptocurrency markets this year—and has already taken some big steps into the space.

Those steps follow the bitcoin price, up some 40% so far this year and hovering at a little over $10,000 per bitcoin, finding support through a roller coaster 2020 as a potential hedge against a wave of inflation that some see on the horizon.

Now, after it was announced last month a 20-year Goldman Sachs veteran will be joining merchant bank Galaxy Digital in early 2021, the firm’s founder and chief executive, Michael Novogratz, has warned Goldman will soon be scrambling to catch up with its head start in bitcoin and crypto.

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A website has used fabricated recommendations from businesswoman and television personality Deborah Meaden to promote a bitcoin investment.

Reuters Fact Check. REUTERS

An article on the website claims that Meaden announced on ITV This Morning that she made £11.5 million using a bitcoin scheme (tinyurl.com/y4qku2rr) .

The piece claims that during the live interview, co-host Holly Willoughby was given £190 to invest in the system. The website features a photograph of her jaw dropping “as she began making a real profit” on live television.

However, the image actually shows Willoughby reacting as a viewer explained how he took “revenge on a cheating boyfriend.” (A Hilariously Naughty Tale Of Revenge Shocks Holly And Phillip | This Morning) .

The image that purportedly shows Meaden during the interview with This Morning has been taken from an episode of Dragons’ Den (here) .

On her website, Meaden confirmed that the claims made by

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The bitcoin and cryptocurrency world was rocked last week by news U.S. authorities had levied charges against major bitcoin and crypto exchange BitMEX and its leadership team.

BitMEX executives Arthur Hayes, Benjamin Delo and Samuel Reed were indicted by the U.S. government on October 1, accused of flouting U.S. banking laws while serving American customers.

Now, in a further blow to the controversial Seychelles-based bitcoin and cryptocurrency exchange, the influential blockchain data company Chainalysis has branded BitMEX a “high-risk” exchange—with external data showing investors have removed almost 50,000 bitcoin tokens from BitMEX since last week.

MORE FROM FORBESCoronavirus Has Made Akon’s $6 Billion Crypto-Powered, ‘Real-Life Wakanda’ In Senegal ‘More Necessary’

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Bitcoin has had a strong start to the decade, adding over 40% to its price so far this year—and taking its market capitalization to around $200 billion.

The bitcoin price, which began the year at around $7,000 per bitcoin token, has been on a roller coaster through 2020, crashing to under $4,000 in March before rebounding to well over $10,000.

With a raft of established investors turning to bitcoin this year as a potential hedge against the inflation they see coming as a result of unprecedented government spending and money-printing, a prominent investor in electric car-maker Tesla
TSLA
has said it expects bitcoin’s total value to balloon to between $1 trillion and $5 trillion during the next five to ten years.

MORE FROM FORBESBitcoin And Blockchain Are The ‘Future’ Of Twitter, CEO Jack Dorsey Reveals

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New York, NY ( TS Newswire ) — 02 Oct 2020

The pros have thought”Bitcoin Evolution Avis” are the most developed and automatic cryptocurrency trading platform. What is more, the speculators who utilize Bitcoin Evolution Avis System always have confirmed the trading platform creates an open doorway for everyone to gain from the crypto marketplace daily?

The partnership that prompted the production of Bitcoin Evolution Avis was depicted on the official site. The notes affirm the automobile trading platform was made by Dealing with programming engineers, company researchers, and crypto agents. They promise that the numerous specialists’ advice has been merged to develop the trading platform which may be used to win anticipated cash from the crypto marketplace. (LIMITED TIME) Click Here to Bitcoin Evolution Visit The Official Website Online

But in this scenario, there are some particular changes; the proprietors of this trading platform assert have a substantial impact

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With September coming to a close with yesterday’s close, here is brief recap of all major Bitcoin and cryptocurrency news events of the past month.

MicroStrategy
MSTR
Doubles Down On Bitcoin

In August, business services company MicroStrategy made headlines when it became the first publicly-listed company to convert portions of its cash reserve into Bitcoin. The company purchased $250 million worth of Bitcoin, taking over 21,000 coins off the open market.

In the press release announcing the first purchase, company CEO Michael J. Saylor remarked:

“This investment reflects our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash.” 

Three weeks after this original announcement, a Securities and Exchange Commission filing indicated MicroStrategy was looking at increasing its exposure to Bitcoin despite it already making up a large portion of its

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