Michael Stern, Author at bwcevent.com

About: Michael

Michael Stern is a calculated risk taker with deep technical insight into digital currency and the development of strategic strategies.

Articles by Michael Stern

Senator Stresses Bitcoin’s Battle in Eliminating Criminal Baggage

On Wednesday, a Republican senator, Chuck Grassley, called out Bitcoin for supporting crime with its anonymous exchange mechanism. He backed his claim using some ‘distorted estimates’ to run down the bitcoin image Uphill. Cryptocurrency has been facing several battles in breaking the seedier assumptions of its Silk Road past. Senator Chuck had called for a […]

Cryptocurrency takes the forefront as big firms shift in favor of the digital economy

On Wednesday, Visa Inc., the multinational payment processor, announced that crypto-linked cards exceeded $1 billion in spending in 2021 H1. This was made possible by its partnership with 50 cryptocurrency platforms like Binance and Coinbase, delivering crypto-based payment processing to over 70 million merchants worldwide.  There is a question of how long it took Visa […]

Bitcoin Jumps 5% as El Salvador Braces for Crypto Law

While China is cracking down on Bitcoin and some countries like Bolivia, Russia and Vietnam have essentially made its use illegal. El Salvador is championing Bitcoin’s emergence as a legal tender. When the law comes into effect, El Salvador will be the first country in the world to adopt Bitcoin as a legal tender. That […]

U.S. House Republican Accepts First Cryptocurrency Donations

The Republicans’ House campaign arm has announced its decision to begin accepting contributions in cryptocurrency. The campaign arm, National Republican Congressional Committee (NRCC), told Axios of this new development in its funding strategy recently. The NRCC may be setting a record as the first national party committee to accept cryptocurrency donations but the concept is […]

Ransomware attack on Colonial Pipeline rubs off on Bitcoin

On May 7th, Colonial Pipeline Co. a US-based oil pipeline system was a victim of a ransomware attack allegedly orchestrated by the Eastern-European-based hacker group, DarkSide. It happened that the hackers requested the ransom be paid in cryptocurrency.  The CEO and president of Colonial Pipeline, Joseph Blount, Jr., announced a day after the attack that […]