bitcoin

At around 14:00 Central Time (Chicago) on July 15, 2020, several prominent Twitter accounts posted messages about Bitcoin. These messages appeared to suggest that the brands and individuals the accounts represented would be giving Bitcoin away to individuals in an effort to "give back to [the] community." Users were asked to send amounts of Bitcoin to a given Bitcoin wallet, at which point they'd return the Bitcoin at double the amount sent.

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Several prominent Twitter accounts were apparently hacked today in a widespread attempt to spread a cryptocurrency scam. It's unclear the full scope of the security breach, but at least several accounts, including ones belonging to Elon Musk, Bill Gates, Apple, Uber, Coinbase, and Bitcoin, were used to publish tweets containing a link to a crypto scam website encouraging the public to donate digital currency to the scammer's wallet.

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On Monday, May 11, 2020, a Bitcoin event is set to take place that could affect the entire world of cryptocurrency. The event is scheduled, and it's happened before. The event will automatically cut the reward given to Bitcoin miners for completing Bitcoin transactions. In essence, it'll be more difficult for people to profit from running computers to earn Bitcoin. The effect this will have on the value of Bitcoin is yet unknown.

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This morning the USD/BTC Bitcoin pairing crashed in a significant way, showing that even the digital currency is not immune to COVID-19 panic*. COVID-19 is the official name of novel coronavirus, the disease that's spread from the Wuhan province of China across the planet over the past several weeks and months. Bitcoin crashed from around $8k to under $6k in the past 24 hours.

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Twitter CEO Jack Dorsey announced a team of "up to 5" people would develop an "open and decentralized standard for social media." The "ultimate goal" for this system would be for Twitter to be "a client of this standard." Dorsey suggested that though Twitter started as a relatively open system for social networking, they became centralized, but "a lot's changed over the years..."

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In May of this year, IRS Commissioner Charles Rettig made a comment about releasing future guidance on the taxation of cryptocurrency in the USA. Today that guidance was revealed. This is the first guidance released by the IRS on this subject since their relatively thin set of comments on the matter all the way back in the year 2014. A lot has changed in cryptocurrency since the year 2014, including the two most major rises and falls of Bitcoin since the dawn of the blockchain.

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The app Haven was launched today for Android and iOS. Haven was launched as the official mobile app for the peer-to-peer sales site OpenBazaar. OpenBazaar is an Amazon, eBay, and Alibaba alternative devoid of data collection and fees. Haven allows users to connect with OpenBazaar on Android devices, iPhone, and iPad, and it's all free. Could such an idyllic system be real? NOTE: I need to be CLEAR here - I am equal parts surprised that this system could exist AND skeptical that it's actually real. Let's investigate together!

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If you take a peek at the price of Bitcoin vs USD, then look at where NVIDIA is in the NASDAQ, you might draw some conclusions. While it's not been NVIDIA GPUs, but AMD GPUs that've appeared to have been used the most for cryptocurrency mining in the recent past, their fortunes seem linked. As we re-enter a bull season in cryptocurrency in general, NVIDIA's just announced they've beat earnings expectations for this most recent quarter.

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A number of major retailers, including Whole Foods and Bed Bath & Beyond, now accept Bitcoin payments made with the Flexa SPEDN app. A total of 15 retailers are accepting the cryptocurrency payment method, which also includes the Bitcoin alternatives Gemini Dollars, Bitcoin Cash, and Ethereum. Flexa's app is currently available for iPhone and will arrive on Android in the near future.

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The first of the partners were tipped teaming up with the Samsung Blockchain Keystore this week just days after the big Galaxy S10 event. Details leaked in promotional images and from sources apparently speaking directly to Samsung's higher-ups in South Korea. One of the biggest of these tipped groups was the gaming-focused Enjin. Enjin Coin is a smart cryptocurrency (not unlike most cryptocurrencies) that "fuels" tokenized gaming assets.

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Interest in the world of cryptocurrency might well get a boost thanks to Samsung's next smartphone. In this next-generation smartphone, it's been revealed that Samsung MAY be releasing its own cryptocurrency wallet. This wallet was teased today as having the ability to act as a "secure and convenient place for your cryptocurrency."

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Coinme, a company that offers bitcoin ATMs, has teamed up with Coinstar to make it easier to get your hands on the digital currency. Under the new partnership, Coinstar machines will allow users to swap their cash for bitcoin, bringing the cryptocurrency to one's local grocery store or convenience shop. After inserting money into the machine, Coinstar users get a voucher for bitcoin.

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