Free Speech Social Network Gab Starts Accepting BTC

Gab, a social network dedicated to preserving freedom of speech, has announced that its store now accepts BTC directly after banks and payment processors denied the platform service. “Literally no one can no-platform our new crypto shop,” Gab announced. The platform integrated Btcpay Server after it was refused service by Coinbase and Bitpay. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Gab Begins Accepting BTC Social network platform Gab announced on Thursday that its integration of Btcpay Server has been completed. Its store now accepts payments…

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Peter McCormack Tells How He Turned $32K Into $1.2M and ‘Back to Pretty Much Zero’

In an informative, entertaining, comical, and bitterly poignant tweet yesterday, What Bitcoin Did podcast host Peter McCormack explains how he amassed–and lost–his crypto fortune over the last two years. From $32K to Millionaire and Back He starts the Twitter post saying: So here is a thread on how I turned $32,000 into $1.2m and back to pretty much zero (once taxes are paid). Just note, I am not bitter or salty in any way at all, the last 2 years have been an amazing ride – travelled the world, been wealthy, been…

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Bitcoin Bull Thomas Lee Claims Market Is Wrong and BTC Should Be Much Higher

Bitcoin bull Thomas Lee continues to be confident in BTC, insisting that its current price is wrong and should actually be closer to the $15,000 mark. Along with a number of other bulls, Lee has made several overly hopeful predictions this year.  Also read: Markets Update: Bears Continue to Drag Cryptocurrency Prices Down Fair Value Is Higher Than Current Price Thomas Lee, the head of research at Fundstrat Global Advisors, is a major BTC bull. Due to the number of active wallet addresses, usage per account, and other factors, Lee…

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Tighten that Belt!!

Over the last four years, the European Central Bank has managed to inject  €2.6 trillion into the banking system in order to maintain economic stability.  To be clear, these cash injections have been one of the only things propping up the economy, and even the Governor of the ECB has now admitted that. Now, €2.6 trillion may not sound like a lot of money but we need to consider that this money is then multiplied by the fractional reserve banking system with each Euro created then being lent out multiple times. So the actual amount of…

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Cryptocurrency Enthusiasts Can Pay $10 Million for a 12-Night Stay in Space

The Orion Span project has plans to launch a space station that will be used as a luxury hotel. Its Aurora space station is set to launch in early 2022 and a 12-night stay on the craft will set you back $9.5 million. The space hotel says it has sold out its first six months of reservations and the project is accepting cryptocurrencies that include bitcoin cash (BCH) for 12-night packages. Also read: Tipping App Gitcash Returns With Plans to ‘Make It Rain’ BCH on Github $9.5 Million for a 12-Night Stay…

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Bahrain’s Central Bank Issues Draft Crypto Regulations

The Central Bank of Bahrain (CBB) has prepared draft rules designed to regulate digital assets and certain aspects of the country’s crypto industry. The move aims to establish Bahrain as a regional leader in the fintech sector and restore its role as a major banking hub in the Persian Gulf.   Also read: New Bitcoin ATM Tracker Site Launches in Russia Addressing Market Demand The regulations have been released for consultation and the bank has set Dec. 31 as the deadline for providing feedback. The proposals have been published on…

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25% of Pantera Capital ICO Projects May Have to Refund Investors

Crypto hedge fund Pantera Capital says that as much as one-quarter of the projects its ICO fund invested in may be in violation of US securities laws after the SEC decision.  Things keep going from bad to worse for US blockchain companies that held ICOs without registering with the SEC. One of crypto’s largest hedge funds Pantera Capital told Bloomberg that around 25 percent of the digital currency projects in its portfolio may have to refund the money. While the California-based Pantera Capital believes that the majority of its investments…

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SEC Chair ‘Optimistic’ DLT and Crypto Will Drive Investment Opportunities

Speaking as part of a testimony to the United States Senate Committee on Banking, Housing, and Urban Development, the chairman of the U.S. Securities and Exchange Commission Jay Clayton expressed optimism that the distributed ledger technology (DLT) sector will “facilitate capital formation.” Clayton also discussed the enforcement actions taken by the SEC in regulating initial coin offerings (ICOs). Also Read: New Bitcoin ATM Tracker Site Launches in Russia  SEC Chair Believes Crypto and DLT Will Generate Capital Formation Jay Clayton stated that he is “optimistic” that the developing DLT sector will…

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U.K. Cryptocurrency Exchange Cubits Shuts Down After $33M Scam

Cubits, a London-based digital asset trading platform, has been forced into administration after fraudsters reportedly stole €29 million (about $32.5 million) from the exchange in February. The company claimed “it fell victim” to an elaborate scam orchestrated in collusion with three of its clients.  Also read: Former Mt. Gox CEO Could Face 10 Years in Jail Over Embezzlement Exchange Enters Into Voluntary Administration The administration means that investors cannot deposit or withdraw funds until further notice. It’s not clear how much worth of bitcoin the exchange was holding on behalf of…

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To The Moon! Bitcoin Space Travel Gets Closer As Virgin Galactic Takes Flight

Billionaire Richard Branson appeared to cry tears of joy when his ‘Bitcoin-friendly’ Virgin Galactic reached the edge of space for the first time December 13. World Sees First Commercial Space Flight Branson, who revealed himself as a Bitcoin believer and investor in 2013, watched as SpaceShipTwo, the latest vehicle from the Virgin Galactic and The Spaceship Company, broke free of Earth to mark a “momentous achievement” for crewed space travel. “SpaceShipTwo is now the first crewed vehicle built for commercial service to reach space. (With due credit of course to…

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