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jennyl • Apr 3, 2024, 10:45 am EDT

Byte Federal Launches Point of Sale System for Merchants seeking to accept Bitcoin

Byte Federal, a leading company in the global financial technologies space, is proud to announce the official launch of its point of sale (POS) system, ByteConnect. This product launch marks a significant expansion of Byte Federal’s “fintech focused” services, showcasing a commitment to building a full suite of financial tools for economic freedom. Lennart Lopin, Byte Federal co-founder and CTO, expressed the vision behind the innovation: “Sound money is essential for creators and inventors, driving societal progress. We’re excited to introduce Bitcoin to the world, a significant innovation that fosters freedom and encourages creativity among global communities.” Lennart Lopin After a

2 minutes

arusso • Mar 11, 2024, 1:44 pm EDT

Bitcoin Breaks New Boundaries: Surpasses Market Cap of Silver

In a landmark financial achievement, Bitcoin has not only set a new all-time high of $72,417 but has also eclipsed the market cap of silver, marking its growing dominance in the global financial landscape. Bitcoin’s current market cap stands at a staggering $1.389 trillion, underscoring its phenomenal growth and increasingly pivotal role in the world of investment. The recent all time high, which follows less than a week after the assets previous new ATH of $68,869.87 on March 5th, indicates a bull market of unprecedented strength. It’s a powerful statement about Bitcoin’s value and potential, as it now sets its

2 minutes

arusso • Mar 5, 2024, 10:40 pm EST

Bitcoin Hits New, Historic, All Time High

On Tuesday, March 5, 2024, the Bitcoin price broke past a new all-time high (ATH) of $68,869.87. While the price only held briefly, the milestone is particularly noteworthy as it marks the first time in Bitcoin’s history where it has reached new heights BEFORE a halving event. The previous ATH of $67,567, was recorded on November 8, 2021. Although the price ascent was brief, with values now hovering between $64,000 and $68,000, the implications of this milestone may be profound. The price action in dollars marks a new ATH in 14 currencies worldwide. The surge raises critical questions about the

2 minutes

satoshin • Feb 23, 2024, 12:05 pm EST

NEW Satoshi Emails Released in Court

Fresh emails written by Satoshi Nakamoto, the enigmatic creator of Bitcoin, have been made public. These emails, exchanged between Satoshi and cypherpunk Adam Back in the pivotal years of 2008-2009, were revealed in a recent court case, offering a rare glimpse into the early days of the revolutionary digital currency. Satoshi Nakamoto, a pseudonym that has captivated the crypto world for over a decade, remains an unidentified figure despite various claims, most notably by Craig Wright. However, in the ongoing case between the Crypto Open Patent Alliance (COPA) and Wright in the UK High Court of Justice, these newly surfaced

3 minutes

carlp • Feb 21, 2024, 10:36 am EST

Bitcoin ETFs Surpass 2.4 Billion Weekly Inflows

Just six weeks after the SEC first approved 11 spot Bitcoin ETFs, BlackRock, the world’s largest asset manager, has amassed over 100,000 bitcoin, backing its own spot Bitcoin exchange-traded fund (ETF), $IBIT. The remarkable success of the bitcoin ETFs not only underscores the growing acceptance of Bitcoin as a legitimate asset class but also heralds in a new era for the ecosystem. With a staggering 105,280 bitcoin now under its management, valued at an eye-watering $5 billion, BlackRock’s entrance into the bitcoin space with $IBIT has been nothing short of meteoric. Since its inception in January, the fund has seen

2 minutes

carlp • Feb 19, 2024, 11:38 am EST

Florida Continues to Lead the Way in Legislative Cooperation

Florida’s Legislative Strides in Blockchain and Bitcoin: Pioneering a Crypto-Friendly Future Florida’s recent legislative session, heavily influenced by the efforts of the Florida Blockchain Business Association (FBBA) and key industry players including our own Byte Federal, Inc., has seen significant developments and wins for the bitcoin and blockchain ecosystem. These legislative moves position Florida as a frontrunner in the digital currency space, aligning with a global ecosystem that is increasingly embracing blockchain technology. Overview of Key Blockchain and Bitcoin Legislation The session’s highlight is the array of bills that reflect a keen interest in integrating blockchain technology and bitcoin into

3 minutes

carlp • Feb 16, 2024, 12:29 pm EST

Cash App Under Federal Scrutiny

Amid a growing scrutiny of digital payment platforms, Cash App, a widely used mobile payment application, finds itself at the center of new regulatory attention. Recent allegations by whistleblowers suggest that the platform, alongside its transaction service partners, may have fallen short in conducting adequate due diligence on customers, potentially opening doors to illegal activities like money laundering and terrorism financing. NBC News first broke the story this morning. The Whistleblowers’ Allegations: A Wake-Up Call for Digital Payments The whistleblowers, whose complaints have been taken up by the Financial Crimes Enforcement Network (FinCEN), paint a picture of potential regulatory lapses

3 minutes

arusso • Feb 13, 2024, 10:21 am EST

Bitcoin Hits 50K

Bitcoin crossed the $50,000 threshold for the first time since December, 2021, yesterday, February 12th, 2024. The market watches closely as the next halving approaches. Is it possible to hit a new all time high BEFORE the halving?

1 minute

carlp • Feb 12, 2024, 1:58 pm EST

Another Federal “Emergency” is Just an Excuse to Collect Bitcoin Mining Data.

In a recent, controversial move, the Energy Information Administration (EIA) of the United States has initiated an emergency data collection on Bitcoin mining operations. This step, taken amidst growing, albeit debunked, concerns over electricity systems and market uncertainties, raises significant questions about the future of Bitcoin mining in the U.S. and its impact on the power grid. Bitcoin Mining’s Unexpected Role During the Texas Winter Storm Interestingly, the EIA’s decision coincides with an event demonstrating Bitcoin mining’s potential benefits to the power grid. During a severe winter storm in Central Texas, Bitcoin miners voluntarily shut down operations, alleviating stress on

3 minutes

carlp • Jan 30, 2024, 11:09 am EST

Big Tech Teams Up with Wall Street: Reverses Bitcoin Advertising Ban

Google’s recent update to its advertising guidelines, allowing Bitcoin Exchange-Traded Funds (ETFs) to market their products, marks a significant change in the company’s approach to cryptocurrency. However, this shift appears less about championing the broader bitcoin and crypto industries and more about aligning with the interests of major financial players. “It’s frustrating to have spent years being locked out of such a massive piece of the advertising game and now, just like that, ‘crypto trusts’ can advertise freely. The influence of lobbyists is remarkable.” Laurie Argall, Byte Federal, CMO For those of us in the Bitcoin ATM business, Google’s decision

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