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Another story that helped pave Bitcoin's early road to adoption.

Chris Maurice, CEO of Nigeria-based crypto exchange Yellow Card, made his first business venture into the crypto space back in 2015, selling Bitcoin (BTC) on eBay.

"We did that for about a week and we did over $40,000 in sales at a 100% markup," Maurice told Cointelegraph in an interview. "We were seeing stars at this point," he recounted, describing his euphoria at the time. 

The CEO first learned about Bitcoin in 2013 through a friend — Justin Poiroux, the co-founder of Yellow Card exchange, although Yellow Card was not formed until later, unrelated to the eBay endeavor. 

While surfing eBay in 2015, Mauric ... Read more »

Category: News | Views: 222 | Added by: danyagames2007 | Date: 30.08.2020 | Comments (0)

China’s Center for Information and Industry Development has revised its rankings of 37 crypto projects. Bitcoin has fallen from the previous ranking.

As the Chinese government focuses on launching its central bank digital currency, the Center for Information and Industry Development (CCID), under China’s Ministry of Industry and Information Technology, continues to evaluate and rank crypto projects.

The center released its 19th ranking update on Wednesday. The ranking and evaluation work is carried out every two months. A total of 37 crypto projects were evaluated and ranked overall as well as in three separate categories: basic technology, applicability, and creativity.

There have been som ... Read more »

Category: News | Views: 319 | Added by: danyagames2007 | Date: 30.08.2020 | Comments (0)


The American libertarian, economist and financial commentator Peter Schiff has been criticizing bitcoin for years, as he believes “bitcoin has no real value.” However, on Thursday Schiff asked the crypto community to give some bitcoin to his 18-year old son Spencer for his birthday and explained that his son “won’t lose his” wallet.

The Bitcoin community is well acquainted with Peter Schiff the economist and gold bug who has been knocking bitcoin for years. Every few days, Schiff has something to say about the cryptocurrency and it’s never anything positive.

Schiff’s Wiki says that “at times, [Peter Schiff] has remarked that he sees Bitcoin not as an alter ... Read more »

Category: News | Views: 494 | Added by: danyagames2007 | Date: 30.08.2020

Bitmain Technologies Inc. said Monday that Nasdaq-listed Riot Blockchain is buying 8,000 of its Antminer S19 Pro bitcoin miners in a deal worth $17.7 million.

In a blog post, the Chinese crypto mining hardware maker stated that the machines will be delivered in batches of 2,000 over four straight months starting January 2021.

“We are glad to continue and expand our cooperation with Riot. Riot is a long-term friend of ours, and we have witnessed and assisted them in building up a powerful mining operation in North America,” said Irene Gao, Bitmain’s Antminer sales director of NCSA Region.

“We believe this new purchase help will Riot expand a leading position in the market and ful ... Read more »

Category: News | Views: 182 | Added by: boss | Date: 26.08.2020 | Comments (0)

Bitcoin mining hardware maker Bitmain still has a “minuscule lead” over competitor Microbt despite the former’s ongoing power struggle and supply chain issues, according to Bitmex.

Researchers at the derivatives exchange tested flagship products from the two companies, Bitmain’s Antminer S19 Pro and Microbt’s Whatsminer M30S+.

Over a three-day period, the team measured various performance metrics such as energy efficiency, hashrate, temperature, sound, and “even the airflow speed from the main outlet.”

It concluded that the Antminer machine, though priced higher, is more energy-efficient, achieving 29.7 joules per terahash (J/TH), compared with the Whatsminer&r ... Read more »

Category: News | Views: 266 | Added by: boss | Date: 22.08.2020 | Comments (0)

The price of Bitcoin may be entering an uncertain phase, as on-chain data says BTC traders have established $10,000 as a strong support level

The price of Bitcoin (BTC) has increased by 28% in the last 30 days and 36% at the weekly peak. Following the top cryptocurrency’s first breakout above $12,000 since September 2019, the sentiment remains optimistic. Many fundamental factors point toward an extended Bitcoin uptrend over the long run. Bitcoin has a favorable macro backdrop with the decline of the United States dollar and the rising demand for gold. The premier cryptocurrency has continuously rallied with the U.S. stock market and gold, demonstrating a consistent increase in appetite for BTC.

Bitcoin also has strong t ... Read more »

Category: News | Views: 294 | Added by: boss | Date: 21.08.2020 | Comments (0)

Grayscale notes that long term holders are increasingly dominating the Bitcoin markets over short-term speculators, driving demand relative to supply

A new report by crypto fund manager Grayscale Investments argues that the current Bitcoin (BTC) market structure “parallels that of early 2016 before it began its historic bull run.”

Grayscale predicts that demand for Bitcoin will significantly grow as inflation accelerates, highlighting the need for a scarce monetary commodity, bolstering the use-case of the cryptocurrency.

The report identifies several on-chain indicators showing growing interest in crypto, noting an increase in long-term holding over short-term speculation, ... Read more »

Category: News | Views: 324 | Added by: boss | Date: 21.08.2020 | Comments (0)

Warren Buffett has changed his mind about gold as an investment, prompting some people to think that he might do the same with bitcoin. Max Keiser has predicted that the Berkshire Hathaway CEO will panic-buy bitcoin at $50,000.

Buffett Changes His Mind About Gold, Bitcoin Could Follow

Billionaire investor Warren Buffett had always held a negative view on gold as an investment. He previously said repeatedly that he preferred to buy shares of good companies instead of any gold investments. That has changed, however.

Buffett’s company Berkshire Hathaway revealed Friday that it had dumped bank stocks and took a position in a gold miner. The price of gold recently spiked ... Read more »

Category: News | Views: 272 | Added by: boss | Date: 21.08.2020 | Comments (0)

A new poll finds that 72% of bitcoin investors are bullish about the cryptocurrency and will hold onto it even if the price somehow falls to zero. A total of 22,635 votes were gathered for this survey.

... Read more »

Category: News | Views: 231 | Added by: boss | Date: 18.08.2020 | Comments (0)

U.S. crypto exchange Coinbase will start offering bitcoin-backed cash loans to select customers as early as next month. Investors can borrow up to 30% of the bitcoin they hold on the exchange, or a maximum $20,000, it said.

... Read more »

Category: News | Views: 200 | Added by: boss | Date: 18.08.2020 | Comments (0)

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