Some investors choose Bitcoin IRA over Social Security

    Launched in May of 2016, BitcoinIRA is offering investors the tax advantage of an IRA in return for a high-risk but high-reward alternative asset class. The company already has above 100,000 account holders, including clients starting the age of 18. BitcoinIRA launched in May of 2016, offering investors the advantage of a tax-free, self-directed Individual…

    Jack Dorsey sees integrating Bitcoin into Twitter services

    Twitter CEO Jack Dorsey hinted at integrating Bitcoin into Twitter services and new features, including Twitter Tip Jar and Super Follows. Jack Dorsey sees top cryptocurrency Bitcoin will be one of the key trends for the future of Twitter. During the second-quarter earnings call, the Twitter CEO suggested that Bitcoin will be a “big part”…

    Guide you need: How to mine Bitcoin

    What is mining? Mining is the process of creating valid blocks that add transaction records to Bitcoin’s (BTC) public ledger, called a blockchain. It is a crucial component of the Bitcoin network, as it solves the so-called “double-spend problem.” The double-spend problem refers to the issue of needing to find consensus on a history of…

    Bitcoin and major cryptocurrencies upturn on good news, adding $114B to the crypto market

    Bitcoin surged above $39,000 on Sunday for the first time since mid-June after recent bullish comments from Twitter CEO Jack Dorsey and Tesla CEO Elon Musk. Experts attributed the moves to the lowering concerns over the environmental impact of Bitcoin mining and China’s regulatory crackdown. Despite a recent fall below $30,000, Bitcoin surged up nearly…

    Bitcoin’s polluting the planet? Overrated!

    New data from Cambridge University shows that the geography of mining has drastically changed over the last six months, and experts tell CNBC this will improve Bitcoin’s carbon footprint. By this May, China has been accounted for nearly 75% of all Bitcoin miners at its peak, according to the Cambridge Centre for Alternative Finance. But…

    SynFutures launches DeFi futures to hedge Bitcoin mining risks

    Decentralized derivatives exchange SynFutures launched the DeFi futures, letting miners hedging against Bitcoin mining difficulty and all the factors affecting their mining returns. SynFutures announced a new product called Bitcoin Hash Rate Futures that uses the mining difficulty of Bitcoin as a basis to open long or short positions. The new offering is described as…