News 'Diet'Laszlo Hanyecz has the honor of conducting the first commercial Bitcoin transaction: trading 10,000 bitcoin for about $30 worth of pizza. Ten years later, those bitcoin would be worth $91 million. He apparently has no regrets. “It was a really interesting system but nobody’s using it,” Hanyecz said....
Crypto adoption is making significant advances in Africa, with crypto ownership, trade volume, and regulation all moving toward greater adoption.A recent report by Arcane Research and Luno found that Uganda, Nigeria, South Africa, Ghana, and Kenya are frequently among the top 10 countries by Google searches for the...
Allen Farrington writes at Quillette, Areo and Merion West, as well as extensively on Medium, where he has several much longer essays on Bitcoin, finance, economics and related topics. His collected writings can be found here. He lives in Edinburgh.  At approximately 8:23 p.m. GMT on Monday, May 11,...
The Louisiana State Senate is about to consider a bill to regulate and license virtual currency businesses. Sponsored by state Rep. Mark Wright (R-77), HB701 sailed through the state House of Representatives with unanimous approval, and is being referred to the Senate Committee on Commerce, Consumer Protection and International...
It’s been a good week for Bitcoin. The halving doesn’t seem to have done the top cryptocurrency any harm at all, with the dollar value up more than 8 percent over the previous week. Ethereum is up more than 10 percent which just shows that the opportunity for...
Igor Mikhalev is an expert principal at BCG helping clients develop business models with blockchain technologies and digital currencies. Kaj Burchardi is a Managing Director with BCG and leads the blockchain practice of BCG/Platinion globally. Digital currencies hold a long-term promise to change the way nations, corporations, and people...
How the myth-making around Satoshi reinforces what makes bitcoin unique in the landscape of global monies. On Wednesday, a batch of coins mined just a month after bitcoin’s birth were moved. It was the first time since August 2017 that any bitcoin from early 2009 had been transferred, and...
The government of China’s Sichuan province moves to stamp out Bitcoin (BTC) mining activity, citing that growing cryptocurrency prices have led to the escalation of illegal activity under the guise of mining.Sichuan — 10% of the global hashrateAccording to estimates from Cambridge University, Sichuan is responsible for almost...
The latest implementation of bitcoin (BTC) on the Ethereum blockchain quietly went live this week. There are 1.24 renBTC live on the Ethereum mainnet now, according to Etherscan. Three sources with knowledge of the project have confirmed this is the Ren smart contract, live ahead of its launch announcement. However,...
Iranian President Hassan Rouhani has ordered the government to draw up a renewed national approach for the emerging crypto industry. Chairing Iran’s economic coordination headquarters – a seminar for the national economic strategy – earlier this week, Rouhani told officials from the Central Bank of Iran (CBI), energy...