BTC – The Cryptocurrency Network

Bitcoin (BTC) Profits Jump $500,000 in Square Q3 Earnings Report

November 8, 2018 adminBitcoin, BTC, Earnings, Jump, Profits, Q3, Report, Square0 comment

US financial service company Square (NYSE:SQ) just announced that its Q3 Bitcoin (BTC) revenue jumped up from its previous earnings in Q2. Square detailed its full company earnings in a shareholder letter released yesterday. In the third quarter of 2018, we continued to drive strong growth at scale. $SQ https://t.co/HPhSMfVgac — Square IR (@SquareIR) November 7, 2018 Bitcoin (BTC) Revenue Q3 2018 Square released a full digest of its total earning and financial activities. The release was far more colorful and interactive than most public companies’ earnings reports. It included…

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CBOE Bitcoin (BTC) Futures Reach Record-Low Volatility

November 6, 2018 adminBitcoin, BTC, CBOE, Futures, Reach, RecordLow, Volatility0 comment

Bitcoin (BTC) futures hit record low volatility in October on the US Chicago Board Options Exchange (CBOE), MarketWatch reported yesterday. CBOE Bitcoin (BTC) Futures Kevin Davitt, a Senior instructor at CBOE Options Institute, published a video on November 1st outlining the volatility decline. In the video above, Davitt outlines that the average weekly volatility for XBT-CBOE Bitcoin (BTC) futures on the week ending October 26th was just three percent. This is the lowest level of volatility since the futures contracts launched on December 10th, 2017. As of the first of…

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Bitcoin (BTC) Classified as an Asset by Morgan Stanley

November 1, 2018 adminAsset, Bitcoin, BTC, Classified, Morgan, Stanley0 comment

Global investment bank Morgan Stanley has given Bitcoin bulls something to cheers about. The institution has stated that it classes Bitcoin as an institutional investment class. (And the day after Bitcoin’s birthday… how thoughtful) What this means is that it recognizes Bitcoin as a type of asset similar to shares, property, bonds, cash, or commodities. It also means good news for those hoping for a Bitcoin ETF. Research Concludes Bitcoin an Asset The bank’s research division reviewed the last six months of Bitcoin usage. What the researchers discovered was that…

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10 Years of Bitcoin | What Will the Next 10 Years of BTC Bring Us?

October 31, 2018 adminBitcoin, Bring, BTC, Years0 comment

Today marks 10 years of Bitcoin; its original white paper was released onto the internet on Halloween day, 2008. What began as an idea to challenge the financial establishment, has since grown to become a $110 billion market. 10 Years of Bitcoin: The Whitepaper The purpose of Bitcoin was straightforward; the digital asset, as a “purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.” By logging every transaction on a distributed ledger called the…

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Bitcoin (BTC) | Man Faces Up to Five Years for Unlicensed BTC Sales

October 30, 2018 adminBitcoin, BTC, Faces, Man, Sales, Unlicensed, Years0 comment

A US citizen from California has just pled guilty in federal court for operating an “unlicensed money business” selling Bitcoin (BTC), called LocalBitcoins.com. The Department of Justice (DoJ) released a press release about the case yesterday, October 29th. Unlicensed Bitcoin (BTC) Sales Jacob Burrell Campos has admitted to selling “hundreds of thousands” of dollars in Bitcoin (BTC) to over 1,000 customers on LocalBitcoins.com. The transactions took place from January 2015 to April 2016. The DoJ has characterized his sales as an unregistered ‘Bitcoin exchange.’ Burrell failed to register his business with…

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Bitcoin for Coffee | Will Starbucks Make Paying with BTC Easier?

October 21, 2018 adminBitcoin, BTC, Coffee, Easier, Paying, Starbucks0 comment

Bitcoin for coffee. It has a nice ring to it. But actually using Bitcoin (BTC) to buy coffee? Turns into a big mess real fast. However, that might be about to change. Starbucks just hinted that it might soon have a way to make using BTC to pay for coffee a whole lot easier for its loyalists. Bitcoin for Coffee Currently, it’s possible to buy Starbucks coffee with Bitcoin, but it isn’t an easy process. The global coffee giant in the past teamed up with Square, which accepts Bitcoin. However,…

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Fundstrat Bitcoin Misery Index | Tom Lee Isn’t Concerned about BTC

October 21, 2018 adminBitcoin, BTC, Concerned, Fundstrat, Index, ISNT, Lee, Misery, Tom0 comment

Tom Lee has always remained optimistic about Bitcoin. True, the Tom Lee Bitcoin price target did change from $25 thousand to $20 thousand last month, but the Fundstrat co-founder is still confident. In fact, Lee remains confident because of what the Fundstrat Bitcoin Misery Index is indicating. Fundstrat Bitcoin Misery Index: BTC is at 39% On Monday, Tom Lee went against the Bitcoin bears, announcing that no, Bitcoin “isn’t broken,” even if it stays at the current price—which, at press time, is $7,120.73. He also said that Bitcoin is not…

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Bitcoin News | SEC Bitcoin (BTC) ETF Delay Causes BTC Price to Drop

October 21, 2018 adminBitcoin, BTC, Delay, Drop, ETF, News, Price, SEC0 comment

The latest Bitcoin news is that Bitcoin (BTC) has taken a major hit this week and has dragged the rest of the cryptocurrency market down with it. At press time, the total cryptocurrency market is sitting at just above $225 billion, which is $75 billion lower than what it was just two weeks ago. Within the last 24 hours, the crypto market has dropped almost $20 billion. Bitcoin News: Bitcoin (BTC) Struggles According to CoinMarketCap, Bitcoin (BTC) is currently trading at $6,509.67, down -8.50% in 24 hours. For the week,…

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BTC Price | Is it Game-Over for Bitcoin? Wall Street Analyst Thinks So

October 21, 2018 adminAnalyst, Bitcoin, BTC, GameOver, Price, Street, Thinks, Wall0 comment

Both Bitcoin bears and bulls will be watching the BTC price over the weekend. While some see a potential corrective rally occurring, others believe the cryptocurrency is at the end of its road. One Wall Street analyst believes the latter. In fact, Jeff deGraaf said it’s “game over” for Bitcoin. But is that true? Wall Street Analyst Pessimistic about BTC Price Yesterday, CNBC reported that Jeff deGraaf of Renaissance Macro Research declared that Bitcoin is “permanently impaired.” He then added that investors should start betting against the cryptocurrency, but only…

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Square Cash App | Buying Bitcoin (BTC) Now Available in all 50 US States

October 21, 2018 adminApp, Bitcoin, BTC, Buying, Cash, Square, States0 comment

Square just announced that with its Square Cash app, all users are now able to buy Bitcoin in all 50 US states. Red, white, and bitcoin. Now you can use Cash App to buy bitcoin in all 50 states. pic.twitter.com/D4fhVRz7WL — Cash App (@CashApp) August 13, 2018 Square Ahead of the Competition Square was originally founded by Twitter’s CEO, Jack Dorsey. The Cash App initially rolled out its Bitcoin services months ago but had to go state-by-state to get approval. Recently, it was reported that Square also secured the so-called ‘BitLicense’…