It was something that it had to be heard. U.S. government as well as other governments must realize the power of Bitcoin and the power of decentralization. We have to agree that the statement of Patrick McHenry was the truest statement in the entire hearing.

U.S Rep. Patrick McHenry (R-N.C.), a ranking member of the Financial Services Committee, told CNBC's Squawk Box he thinks “there is no capacity to kill bitcoin.”  According to McHenry, regulators have no ways of killing an open distributed ledger.

One of the big attractions to Bitcoin is its ability to bypass the banking system. The likes of doom monger, Nouriel Roubini, still bash BTC in favor of a largely unprincipled banking system where the top get richer at the expense of the bottom. Banks are far from infallible by nature, and the number of recent reports on money laundering scandals is on the increase.

Ransomware attacks, which see which see individuals and organisations locked out of their data unless they pay up, are on the rise and raking in huge profits

The bitcoin and cryptocurrency world has been left reeling after U.S. president Donald Trump unleashed a scathing attack on bitcoin and cryptocurrencies, branding them "unregulated crypto assets" and based on "thin air." The bitcoin price rose slightly following Trump's comments as bitcoin traders and investors bet that Trump's acknowledgment of bitcoin will bring greater awareness of crypto and could push prices up.

About a 30-minute Uber ride from Wall Street, there’s a dim purple basement where women, myself included, steadily accumulate bills, one by one, in three-minute song cycles. Some are as young as 18; others, old enough to be their moms. We come from Brooklyn, the Bronx, Russia, Lithuania, Latvia, Brazil, and Colombia. The money pours in from the southern tip of Manhattan, Dubai, London, Singapore, and Silicon Valley.

Buy and sell crypto at your comfort without too much hassle.

18 minutes is all that it takes to understand Bitcoin better than most people. In 18 minutes, you will have a good understanding of how hash functions, Public Key Cryptography and Merkle Trees are brilliantly used in Bitcoin. The purpose of this post is to provide a semi-technical guide to key aspects of Bitcoin’s technology.

China's Bitmain said it would build the world's largest bitcoin mine in Rockdale, Texas. Then the price of bitcoin plunged, taking with it the town's hopes for a revival.

In an interview for Bloomberg Jon Erlichman asks famous billionaire entrepreneur, Tim Draper, about bitcoin. Despite its powerful technology, people are more interested to hear about bitcoin from the investing side, about the price where is going to be in the future.

Bitcoin and the blockchain may seem like puzzling new technological concepts, but the central tenet of this cutting-edge cryptocurrency goes back way longer than you might believe.

It is a hugely ambitious - some might say megalomaniacal - project to create a new global currency. Facebook's David Marcus tells me it is about giving billions of people more freedom with money and "righting the many wrongs of the present system".

Facebook says its “stablecoin,” will empower billions and underpin a stunningly ambitious global economy. And it promises to keep its hands off your transactional data.

A former senior economist with the Reserve Bank of Australia doubts Facebook's cryptocurrency will take control of monetary policy away from central banks.

The first quarter of 2019 has brought a number of important legal updates pertaining to cryptocurrency taxation. Some countries, which had been cautious for a long time, have finally defined the tax treatment for virtual assets. Other states have introduced measures to ensure the transparency of crypto taxation. Below, you will find a brief overview of the 10 most important updates in cryptocurrency taxation from all over the world.

Remember bitcoin? It's back. In a big way. Bitcoin prices have surged nearly 60% to about $6,000 after plunging almost 75% in 2018. Sure, the cryptocurrency is still far from its all-time highs of just under $20,000, which it hit in December 2017. But crypto investors are increasingly optimistic that the bitcoin (XBT) bounce of 2019 is real and that it and other cryptocurrencies may enjoy a steady march higher

On May 06, 2019, renowned Bitcoin Core developer Peter Wuille announced two new Bitcoin improvement proposals (BIPs) which are aimed at improving the privacy of the blockchain. Peter Wuille submitted two new proposals, both for a new taproot softfork which will overhaul Bitcoin's privacy, by describing a new transaction output type known as a 'SegWit version 1 output type.' In the BIP, Wuille provides a thorough technical overview of the proposal and argues the rationale behind the plan.

One of the world’s largest online payments provider, PayPal, has stated that it does not yet believe that Bitcoin holds the future of digital payments. Nevertheless, the financial services corporation, worth $128 billion, is investing in and researching a variety of cryptocurrency and blockchain projects.

According to information presented on Messari.io’s OnChainFx rankings, Bitcoin accounted for nearly $580 thousand USD in fees in the last 24 hours. On May 10, 2019, at 9:50 am UTC, Bitcoin miners earned more than eight times the transaction fees than the combined total of all other cryptocurrencies listed on the site.

Once blockchain is ready for prime time waiting for checks to clear will be like the Pony Express, or telegrams, a thing of the past. See how Blockchain can secure your business and bank accounts.

Two bitcoin cash (BCH) mining pools recently carried out what is known as a 51 percent attack on the blockchain in an apparent effort to reverse another miner’s transactions. The move is tied to the bitcoin cash network hard fork that occurred on May 15. The two mining pools — BTC.com and BTC.top — carried out the move in order to stop the unknown miner from taking coins that they weren’t supposed to have access to in the wake of the code change.

It is planning to set up a digital payments system in about a dozen countries by the first quarter of 2020. The social media giant wants to start testing its crypto-currency, which has been referred to internally as GlobalCoin, by the end of this year. Facebook is expected to outline plans in more detail this summer, and has already spoken to Bank of England governor Mark Carney.

2018 and part of 2019 was called "the crypto winter" by many due to huge losses. Bitcoin tumbled from its all-time-high of nearly $20K during December 2017 to $3400 in roughly a year. This massive market reversal caused many newcomers to the cryptocurrency space at a loss. These losses have caused a lot of anguish and personal issues to investors and individuals. Many have reported massive losses while expecting gains. It appears that it may have even broken up a marriage or 2.

Investors have returned to something of a selling mood from the Memorial Day holiday, which also — hurrah — marks the unofficial start to summer. That’s as trade tensions remained static following fresh comments from President Donald Trump which appeared to offer just mild encouragement over the China spat. From Japan, he said he expects a deal “sometime in the future.” That’s pretty vague for financial markets, which will increasingly hang hopes for a deal on a G-20 meeting in June, where Trump and China President Xi Jinping are expected to get together.

Blockchain technology is loved and adored by many, from the humble cryptocurrency investor to the passionate developer, the blockchain boasts advantages for everyone, remember, there’s a hell of a lot more to the blockchain than just Bitcoin, isn’t there.

Coinoimi cried extortion when a user alleged the crypto wallet provider cost him $70,000. Now, it has published a new report by cyber-sleuths CipherBlade. But maybe Google has the answer.

Bitcoin mining difficulty has now reached its all-time high, crossing 7.46T for the first time and narrowly edging out the 7.45T difficulty seen when Bitcoin was testing the $6,400 support levels in October 2018. The fact that both Bitcoin (BTC) prices and mining difficulty have soared in the past several months indicates that confidence in the digital currency is growing...

EFF and Open Rights Group today submitted formal comments to the British Treasury, urging restraint in applying anti-money-laundering regulations to the publication of open-source software.The UK government sought public feedback on proposals to update its financial regulations pertaining to money...

If you were around in 2017, you’ll know that reaching $10,000 was a major milestone and was followed by a year-long bear market. However, there are multiple reasons which clearly suggest that this time is different.

Just what is the value of bitcoin? Maybe ask a ‘bitcoin analyst.’

In an earlier post, we had explored the possibility of the electric car company of Tesla accepting Bitcoin (BTC) and other cryptocurrencies as a way for customers to purchase the revolutionary eco-friendly vehicles. We had also observed that Bitcoin energy consumption had not been properly analyzed and compared to the entire spectrum of traditional banking and financial activities.

As bitcoin continued its downward slide Tuesday, U.S. regulators are reportedly looking into whether its record-breaking rally last year was the result of market manipulation. The U.S. Justice Department is investigating whether traders used tether, a controversial cryptocurrency that founders say is backed 1:1 by a U.S. dollar, to prop up bitcoin, according to a report from Bloomberg News, which cited three people familiar with the matter.

Between 600,000 and 800,000 bitcoin miners have shut down since mid-November amid declines in price and hashrate across the network, F2pool's founder estimates.

Coinbase, a California based cryptocurrency exchange has enabled the option of free PayPal withdrawals for various fiat currencies. This was a quiet and swift move from the exchange and includes withdrawals of currencies like USD, EUR, and GBP, reported Beingcrypto. The publication also added that this secret update will allow users to withdraw the above mentioned fiat currencies free of charge to their PayPal account.

In order to determine the value of a crypto we must first understand the nature of the beast. "Crypto" is a generic term to describe any coin or token built upon, and recorded on, a blockchain ledger. The coins, also called cryptocurrencies, were created to be forms of money, much like the Dollar, Euro, Ruble, and Peso. The other cryptos are Tokens; mostly built upon the ethereum blockchain through the use of smart contract technology.