A long-standing trope from the days of seedy darknet is being resuscitated as a besmirching tactic by the powers that be.

If the $21 double spend did occur, it would be a critical blow to bitcoin and exposes a vulnerability Satoshi Nakamoto set out to solve in 2009. Bitcoin fell as much as 11% on Thursday, hitting its lowest level in nearly three weeks, as the popular cryptocurrency was hit with a double whammy that jolted faith in its user base.

Representatives of the lower house of the Kentucky General Assembly has presented a draft tax incentive for Bitcoin miners. It aims to increase the attractiveness of the state for commercial cryptocurrency mining.

Bitcoin continues to inverse-mirror reality. As the economy worsens and destabilization increases, Bitcoin’s price keeps increasing. This says much about society when an asset without any central controllers gains so much trust in such a short time.

The bitcoin rally has seen the cryptocurrency climb to uncharted highs and this hasn’t just been reflected in the markets. Away from the exchanges and OTC desks setting the price of BTC, private and institutional investor interest is growing at pace. Evidence of this can be seen in the growth of crypto venture capital funds, which have raised billions of dollars in 2020.

Under new proposed regulations from the Financial Crimes Enforcement Network, it may become much easier for the government to track bitcoin transactions. And while there’s currently a 15-day comment period open, cryptocurrency exchange Coinbase and the Electronic Frontier Foundation are calling foul because that period includes Christmas Eve, Christmas Day, New Year’s Eve, and New Year’s Day.

In recent times, there is no shortage of Bitcoin proponents as the world’s number cryptocurrency is in the limelight once again as it eyes fresh highs above $20,000. However, one of the earliest, when it comes to advocating the flagship cryptocurrency, is the Winklevoss twins, who have once again praised bitcoin, predicting that its market cap will flip Gold’s.

Millennials prefer Bitcoin to gold as a safe-haven asset, a new global survey shared with Finbold.com from one of the world’s largest independent financial advisory and fintech organizations has revealed.

A leaked report from Citibank, titled ‘Bitcoin: 21st Century Gold said the price of the bitcoin could hit the $3,18,000 mark by December 2021. This will mean a 19-times growth from the current level of around $17,000.

Logic pulled in an estimated $17 million in 2018, as reported by Forbes magazine. And according to the retired Def Jam rapper, he’s just invested a healthy percentage of that amount into the cryptocurrency company Bitcoin. During a recent Instagram Live stream, the Maryland native casually mentioned, “Bought $6 million in Bitcoin last month. Fuck it, YOLO.”

Cryptocurrency appeared in 2009 with the launch of Bitcoin, created by Satoshi Nakamoto (an anonymous group or person). This digital cash system uses a technology called blockchain, that stores transaction data accurately and transparently, which can be publicly accessed by anyone.

Bitcoin, the world's best-known cryptocurrency, has jumped above $17,000 (£12,800) to hit a three-year high. The digital currency has suffered plenty of wild price swings since it was launched in 2009. But investors have been flocking to cryptocurrencies during the pandemic-driven volatility on global stock markets.

The price of Bitcoin has shot up today to reach the $17,000 mark—a figure not seen since January 2018. It's up 4% today. Bitcoin's price has continued to surge over the last few months, rising up from $10,000 in early September to its current value—an increase of 70%.

Bitcoin has been on a roll over the past few days, and it seems as if the cryptocurrency finally managed to breach the $14,000 level decisively. What is more interesting, though, is that interest from retail investors doesn’t seem to be anywhere near its peak from back in 2017.

The year 2020 has been extraordinary by any standard. Monumental events with global ramifications have occurred on an almost monthly frequency, and October has started no different. Yet Bitcoin remains relatively stable. With the significant growth Bitcoin has seen since the last U.S. presidential elections, what does the future look like?

The latest mining difficulty adjustment for Bitcoin has seen the major cryptocurrency fall a staggering 16 percent — representing the largest fall in nine years. Its largest percentage decrease since the advent of ASIC mining machines in late 2012.

The end of the month concludes with the NASDAQ sliding by 2.45% while Twitter took a massive blow of -21.11%. Gold traded sideways…

MicroStrategy CEO Michael Saylor highlighted recent moves by PayPal and Square into Bitcoin in the company’s Q3 earnings call.

MicroStrategy CEO, Michael Saylor made the waves in August when he decided to convert $425 million of his company’s cash reserves into Bitcoin. However, he has now disclosed that he personally holds 17,732 BTC (appr. $175 million) acquired at an average price of $9,882. The company was aware of these holdings before deciding to approve his request for company holdings to also be invested in Bitcoin.

There is no written law that says that the US dollar must be used as the global reference for international trade. Still, companies, countries, and people from across the world use it because they have trust not only in the currency but in the USA as a country and their ability to pay back holders of their money and debt.