The promise of Bitcoin and Blockchain technology has always been the ease and low cost of person to person cash transactions. But with Bitcoin fees going as high as they are now, this dream seemed to be fading. Now there is a new service, still in beta, that looks to be able to fulfill this promise and even without an internet connection! The service utilizes the text messaging platform Cointext, who recently announced the public launch. Using Context, anyone with a mobile phone to transact with bitcoin cash (BCH) without internet services using the phone’s Short Message Service (SMS) protocol. […]

In her final press conference, Fed Chairperson, Janet Yellen, answered some questions today regarding Bitcoin. She stated that she sees any financial stability risk from Bitcoin as “limited”, saying she sees no significant exposure to our core financial institutions due to its price fluctuations. Earlier, when asked about the potential for regulation, she said that the Fed does not consider the impact of Bitcoin to be great enough to consider any regulation at this time. There has been a lot more activity in the Bitcoin and cryptocurrency world over the last few days, and most of it is quite different from […]

As discussed previously, some Bitcoin investors simply want to accumulate Bitcoin and watch their profits (hopefully) grow. Others, such as ourselves, are seeking to take some of their profits off the table along the way. So we thought it might be a good time to talk about how to go about keeping your Bitcoin profits. We’re pretty optimistic about the currency, but things happen. We’ve always said we would be happy to get our initial investment back, then let profits ride. So that’s what we have been doing to date. So far, we’ve taken about 21% of our initial investment […]

Many in the Cryptocurrency community are happy to leave funds in Bitcoin to enjoy the hoped for appreciation of the currency, but others are seeking to pull out returns or at least may wish to recover their initial investments. We’ve found the BitPay card helpful in that regard, but it isn’t perfect. A new service has emerged called BitExchange that claimed to move Bitcoin to PayPal, and the fees were not bad, so I tried it to see what happened. Don’t! The transaction seemed simple enough, and they used BitPay to post the confirmation…but it never confirmed on their platform. Despite […]