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BITCOIN MARKET IN 24H

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Bitcoin Skeptic Dennis Gartman Duped by Dubious Blockchain Investment

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‘Commodities King’ Dennis Gartman has been left with a red face and diminished pension fund after investing in a dubious blockchain company. Shares in Riot Blockchain Inc plunged by 30% following a CNBC investigation, leaving Gartman’s fund in a negative balance for the year to date. The trader has previously described bitcoin as being “nothing more than a scam of the first order.”

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Bitcoin Usage Falls to Its Lowest in Months

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There’s never a bad time to be sending and receiving bitcoin, but right now is especially good. Fees are at the lowest in 18 months, with the average transaction value now under a dollar. This contrasts starkly with the latter quarter of last year, when rising fees peaked at $34. There’s a primary reason why fees have been dropping since then: with bitcoin too expensive to send, people simply stopped using it as currency.

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Smartbtc Sees the Need for Centralized Python-Based Smart Contracts

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Just recently the startup Smartbtc announced the execution of a bitcoin-based smart contract written in the Python codebase. The team intended to grow their Twitter following by creating a contract that paid 0.011 BTC after it accrued 1,000 followers in sixty days. After the goal was met, Smartbtc’s Python contract executed on February 19.

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Tim Draper on Bitcoin: “Why Would I Sell the Future for the Past?”

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One of the most intriguing things about the cryptocurrency space is the diverse, eclectic, and often eccentric characters it attracts. Everyone from Wall Street brokers to cypherpunks and from industrialists to anarchists can be found staking their claim in the fledgling crypto economy and saying their piece. In a recent interview, venture capitalist Tim Draper was on fine form, producing a number of memorable quotes which encapsulate the bullish mood permeating the cryptoverse once more.

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US Lawmakers Eye National Crypto Regulation

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Gun control? Russia? Health care? Members of the US House of Representatives and Senate in both parties tend to differ, and often vehemently. Similar to issues of national security and war, however, it appears cryptocurrency regulation is decidedly less divisive. Both traditionally pro-market Republicans and open-minded Democrats are producing bipartisan rhetoric in support of federal legislation to tame the crypto revolution.

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