closed bank

BREAKING NEWS: According to the website,, Israeli Prime Minister, Benjamin Netanyahu, when sitting down with reporters to an off the cuff Q&A at the Israeli parliament’s diner, was asked for his advice whether an individual should invest in bitcoin or not. He answered: “So first of all, why can’t you also sell money? Why not? It’s the same. The reason you can’t sell money is that you are very worried and want a mediating party to handle the risks. Prevent theft, all that stuff. That’s why banks exists. Are banks doomed to eventually disappear? The answer is yes! Should […]

Federal Reserve

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 […]

US dollar

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 […]

Coinbase is not known to the “in crowd” as being the best wallet in the world, but it is easy to use and has always been one of the best ways to convert Fiat currencies into Bitcoin. Reacting to some of this criticism, they seem to be on a mission to make their service much more feature rich. Today they announced that they are drastically cutting the waiting time to receive your bitcoins when buying through their site. This is a big deal, folks, so you may want to take a look at their announcement here…

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 […]


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