1% Bitcoin, 99% Cash Portfolio Outperforms Gold, Bonds, S&P 500

Replacing just 1 percent of one’s portfolio with Bitcoin lets investors outperform the S&P 500, gold and US Treasury bonds, new data released February 8 claims. Bitcoin Beats S&P ‘Every Year’ Compiled by Twitter-based economics analyst known as planB, the visual data simulates portfolio performance with varying degrees of Bitcoin involvement. Compared to the three …

Bitcoin Price Smashes Past $3,700, How High Will it Go?

The bitcoin price smashed through $3,700 as the cryptocurrency market assembled one of its largest intraday recoveries in recent memory. Bitcoin had entered the US trading session on a minor incline and continued to inch upward throughout the morning. Shortly before 17:00 UTC, a wave of buy pressure hit the bitcoin markets, carrying the flagship …

Blockstream Open Sources Development of Its Proof of Reserves Tool

On February 4, 2019, blockchain tech company Blockstream announced the development of a “proof of reserves” tool to standardize the authenticity of exchanges’ crypto reserves. The Bitcoin development company has submitted a Bitcoin Improvement Proposal (BIP) to the bitcoin-dev mailing list for consideration. Blockstream stated that it is “open-sourcing the development of the tool for …

Better Late Than Never: Coinbase Wallet Finally Adds Support for Bitcoin

Coinbase has officially announced support for Bitcoin (BTC) on its Coinbase Wallet app. Previously known as Toshi, the newly-rebranded Coinbase Wallet has long supported Ethereum (ETH), Ethereum Classic (ETC), more than 100,000 ERC20 tokens and ERC721 collectibles. Now, users can finally use the wallet app for Bitcoin storage and transactions. (Why it took so long …

CEO Who Held $150M in Crypto Died in a Region Known for Having a Fake Death Mafia

Elizabeth Greenwood was traveling the Philippines back in 2013 while her rental car crashed into another vehicle in Manila. According to many spectators, the American traveler had suffered grave injuries. The doctors at the local hospital declared her dead. The local Manila authority issued her death certificate. The story later served as a backbone to …