Bitcoin

Russia Edges Closer to Using Bitcoin for International Trade

Russia Edges Closer to Using Bitcoin for International Trade

The Russian government has drafted new legislation that edges the embattled nation one step closer to accepting Bitcoin and other cryptocurrencies for international trade. According to a report from Russian news outlet Tass, Russia's Ministry of Finance and its central bank have agreed on a draft bill allowing crypto payments…
Read More
MicroStrategy Buys Another $190.5 Million Worth of Bitcoin

MicroStrategy Buys Another $190.5 Million Worth of Bitcoin

MicroStrategy has just announced that it has bought another $190.5 million worth of Bitcoin. The bitcoin-accumulating business-intelligence software company revaled it bought another 4,167 BTC. MicroStrategy said in a statement Tuesday that the purchases took place between Feb. 15 and April 4. The Virginia-based firm paid an average of $45,714 per…
Read More
Russia to Accept Bitcoin Payments for Oil and Gas Exports

Russia to Accept Bitcoin Payments for Oil and Gas Exports

A top Russian government official has just announced that Russia is to begin accepting payments in Bitcoin for its oil and gas exports. Pavel Zavalny, Chairman of the Committee of the State Duma of the Russian Federation on Energy, said that Russia will take Bitcoin while discussing how Russia might…
Read More
Russia to Officially Treat Bitcoin as Currency

Russia to Officially Treat Bitcoin as Currency

The Russian government and central bank have agreed to treat Bitcoin and other cryptocurrency assets as official forms of currency, according to reports. A new announcement from the Kremlin confirms that Russia’s government and central bank are now working on a draft law that will define cryptocurrencies as an “analog…
Read More
Bitcoin Will Break above $40,000 by Monday, Crypto Analyst Predicts

Bitcoin Will Break above $40,000 by Monday, Crypto Analyst Predicts

Bitcoin will finally break out and return back above $40,000 before Monday, a leading cryptocurrency analyst is predicting. Crypto trader Justin Bennett says Bitcoin looks poised to rally above $40k after sinking to $33,500 on Jan. 24. “If Bitcoin can break above these highs, right around $37,500, if we do…
Read More
Russia Bans Bitcoin and All Cryptocurrencies

Russia Bans Bitcoin and All Cryptocurrencies

Russia's government is banning all Bitcoin and cryptocurrency use across the country, including transactions, mining, and circulation, according to reports. The plan was revealed on Thursday by Russia's central bank, citing threats to financial stability, citizens' wellbeing, and its monetary policy sovereignty. The Russian central bank argues that cryptocurrencies are…
Read More
Jack Dorsey Announces ‘Bitcoin Legal Defense Fund’

Jack Dorsey Announces ‘Bitcoin Legal Defense Fund’

Block founder and former Twitter CEO Jack Dorsey has just announced the launch of a "Bitcoin Legal Defense Fund" that seeks to protect developers from lawsuits. Dorsey revealed that the fund aims to protect embattled Bitcoin developers from legal threats that imperil their ability to develop new projects on the…
Read More