More evidence to the point that Bitcoin is can actual help tract down criminals better than cash, some of the Bitcoin from the pipeline ransomeware has been recovered. This raises the question though: “How did the FBI obtain the private keys?” https://www.coindesk.com/federal-officials-recover-bitcoin-ransom-from-colonial-pipeline-attack-cnn
Not only are companies investing their treasuries into Bitcoin and Crypto, but so too are Countries investing their sovereign wealth in Bitcoin. As more and more countries compete with each other to own Bitcoin, it could create a race to hold the future of money--even if countries find it prudent to hold Bitcoin only as a hedge (a what if scenario if you will) against Bitcoin becoming the global currency standard, such a race would send Bitcoin skyrocketing. Revolutionary: El Salvador On Its Way To Adopt Bitcoin As a Legal Tender https://cryptopotato.com/revolutionary-el-salvador-on-its-way-to-adopt-bitcoin-as-a-legal-tender/
CryptoPotato
Revolutionary: El Salvador On Its Way To Adopt Bitcoin As a Legal Tender
El Salvador is on its way to becoming the first country in the world to adopt bitcoin as both a reserve asset and a legal tender.
Thank you Freeman for the link to the following article. It contains interesting information regarding how cryptocurrencies are taxed. Bitcoin crash opens door to a tax loophole for investors https://www.cnbc.com/2021/05/25/bitcoin-crash-opens-door-to-a-tax-loophole-for-investors.html
CNBC
Bitcoin crash opens door to a tax loophole for investors
Investors in bitcoin, ethereum, dogecoin and other cryptocurrencies can leverage losses in a way that typical stock owners can't.
Does it even make sense that the FBI was able to retrieve the private keys through an exchange wallet by way of cooperation from an exchange? Exchange wallets are known to pose security risks since they hold the private keys. After over a decade, Bitcoin is still un-hacked when used peer-to-peer as it was designed to be used. But the question may still remain as to how did the FBI get the private keys: Did FBI Hack Private Keys to Bitcoin Wallet of Colonial Pipeline Hackers?https://coingape.com/did-fbi-hack-private-keys-to-bitcoin-wallet-of-colonial-pipeline-hackers/
Coingape
Did FBI Hack Private Keys to Bitcoin Wallet of Colonial Pipeline Hackers?
The Federal Bureau of Investigation (FBI) on Monday claimed it has seized $2.3 million worth of Bitcoin paid by the Colonial Pipeline in a ransomware attac
Thank you Qortal team! Great article on Qortal--a grass roots project looking to bring Crypto back to its revolutionary roots: it's a democratic and decentralized blockchain, where everyone will have an equal share in the future direction of the project. The Qortal network is supported by "minters" who will share in the block reward and who can also level up based on contribution. The project is on the ground floor with a great development team and an excited community of believers. https://www.cryptoliberate.com/880-2/
Crypto Liberate pinned «Thank you Qortal team! Great article on Qortal--a grass roots project looking to bring Crypto back to its revolutionary roots: it's a democratic and decentralized blockchain, where everyone will have an equal share in the future direction of the project. The…»
"The road to serfdom consists of working exponentially harder for a currency growing exponentially weaker" - Michael Saylor
El Salvador becomes first country to adopt bitcoin as legal tender after passing law https://www.cnbc.com/2021/06/09/el-salvador-proposes-law-to-make-bitcoin-legal-tender.html
CNBC
El Salvador becomes first country to adopt bitcoin as legal tender after passing law
Lawmakers in the Central American country's Congress voted by a "supermajority" in favor of the Bitcoin Law.
Panama Is Preparing A Cryptocurrency Proposal https://cryptodaily.co.uk/2021/06/panama-is-preparing-a-cryptocurrency-proposal
cryptodaily.co.uk
Panama Is Preparing A Cryptocurrency Proposal
Following the news that El Salvador’s government is in the process of making Bitcoin legal tender, Panamanian congressman, Gabriel Silva, tweeted stating that Panama...
Some Well Needed Perspective on Crypto’s Latest Dip https://www.cryptoliberate.com/some-well-needed-perspective-on-cryptos-latest-dip/
ONE AMAZING BITCOIN INTERVIEW: MICHAEL SAYLOR AND MAX KEISER https://www.cryptoliberate.com/one-amazing-bitcoin-interview-michael-saylor-and-max-keiser/
CryptoLiberate
One Amazing Bitcoin Interview: Michael Saylor and Max Keiser
Bitcoin mega interview with the most passionate Bitcoin enthusiast on the planet: Michael Saylor
https://www.youtube.com/watch?v=KdLUf2n7Sc0
https://www.youtube.com/watch?v=KdLUf2n7Sc0
Included is an allocation of Bitcoin for the education of underserved entrepreneurship Square Completes $100M Investment in Underserved Communities https://apple.news/AZtJrjA8DREyE4Hk4ULVegA
apple.news
Square Completes $100M Investment in Underserved Communities
Of the remaining $25 million, $5 million was distributed to create The Bitcoin Endowment.
The news is in and out of China over mining is about as fickle as Elon Musk's wavering of support over Bitcoin. Either way, China's exit from Bitcoin would only serve to help the network by decentralizing it away from authoritarian control. China’s Yunnan Province Did Not Order Miners to Shut Down, Despite Reports https://www.coindesk.com/chinas-yunnan-province-did-not-order-miners-to-shut-down-despite-reports
Coindesk
Chinese Province Cracks Down on Unauthorized (Not All) Bitcoin Mining
The Yunnan Energy Bureau stopped short of an all-out crypto mining ban.
With 90% of miners agreeing to the protocol update, the Taproot upgrade for Bitcoin is locked in for November. Taproot will increase Bitcion privacy, help with scalability, and also lower transactions fees. Taproot is Here: Miners Lock In Bitcoin’s Biggest Upgrade in Years https://cryptopotato.com/taproot-is-here-miners-lock-in-bitcoins-biggest-upgrade-in-years/
CryptoPotato
Taproot is Here: Miners Lock In Bitcoin’s Biggest Upgrade in Years
The long awaited Bitcoin soft fork Taproot passed the Speedy Trial with more than 90% signaling blocks. It will be implemented in November.
For those of you interested in TA--looks like Bitcoin is showing some parallels to the Wycoff distribution model right now. The Wyckoff Method: A Tutorial https://school.stockcharts.com/doku.php?id=market_analysis:the_wyckoff_method
Tanzania’s president is now calling for Bitcoin and crypto adoption https://cryptopress.news/tanzanias-president-is-now-calling-for-bitcoin-and-crypto-adoption/
cryptopress.news
Tanzania's president is now calling for Bitcoin and crypto adoption -
In what appears to be the latest move by a sovereign country to embrace cryptocurrency, Tanzania’s President Samia Sulhulu has asked the country’s Central Bank to start exploring the crypto sector, as per local outlet The Citizen. President of Tanzania 🇹🇿…
This is positive for Bitcoin and Cryptocurrencies alike, too much regulation when we're are in the nascent stages of development will only block the creative forces behind crypto. With countries like El Salvador adopting Bitcoin as currency, US regulators should rethink and redefine their approach to Crypto--Crypto can't be melded inside a tidy box and classified strictly as an asset. Time will reveal more and more to world the capabilities of Crypto. Bitcoin Left Out Of SEC’s 2021 Regulatory Agenda https://zycrypto.com/bitcoin-left-out-of-secs-2021-regulatory-agenda/
ZyCrypto
Bitcoin Left Out Of SEC’s 2021 Regulatory Agenda
The US SEC has tabled a plan on how it will regulate the market this 2021, but the conspicuous exception of Bitcoin and other cryptos
More and more real estate is able to be purchased in Bitcoin. Luxury items and large transactions do not need a super fast network to conduct business, they mostly need a stable and secure network like Bitcoin. Houston office makes Bitcoin new payment method https://www.cryptopolitan.com/bitcoin-new-payment-method-in-an-office-in-houston/
Cryptopolitan
Houston office makes Bitcoin new payment method | Cryptopolitan
• Building project makes Bitcoin payment method.• This project is one of the first to commercialize the cryptocurrency in Houston.
Approval of an ETF (Exchange Traded Fund) would likely to be a great catalyst for BTC. Gary Gensler, the current head of the SEC, once taught an MIT class on blockchain and finance and could very well be the guy to get this done. SEC Delays VanEck Bitcoin ETF Application—Again https://decrypt.co/73817/sec-delays-vaneck-bitcoin-etf-application-again
Decrypt
SEC Delays VanEck Bitcoin ETF Application—Again
The SEC has delayed another Bitcoin ETF hopeful this week, this time pushing the deadline back until as late as August.
Could Paraguay be the next sovereign country to adopt Bitcoin after El Salvador? Paraguay Official Plans to Legislate Bitcoin Next Month https://cryptobriefing.com/paraguay-official-plans-to-legislate-bitcoin-next-month/
Crypto Briefing
Paraguay Official Plans to Legislate Bitcoin Next Month
Carlitos Antonio Rejala Helman, a Deputy of the Nation and Member of Congress in Paraguay, plans to present a Bitcoin bill next month.
Though the looming Bitcoin death cross is often a bearish indicator, it hasn't always played out that way in Crypto. As Michael Saylor has said, no one has lost money with Bitcoin as long as they held for 4 years. HODLing Bitcoin is kind of like voting with dollars. When you believe in asset, and you can see how it will make the world a better place--HODLing takes on a whole new dimension.Bitcoin Death Cross 2021 Is Here: The Reasons Why You Shouldn’t Be Worried https://cryptopotato.com/bitcoin-death-cross-2021-is-here-the-reasons-why-you-shouldnt-be-worried/
CryptoPotato
Bitcoin Death Cross 2021 Is Here: The Reasons Why You Shouldn’t Be Worried
The MA-50 line has crossed below the MA-200, resulting in a death cross for BTC. Typically, this indicates that a major sell-off is incoming. However, there are many reasons not to be worried.