In a month that has seen Bitcoin hit new highs for the year, the good news just keeps flowing. According to new reports, some of the biggest retailers in the United States are now accepting cryptocurrency payments. These include Starbucks, Nordstrom, Barnes and Noble and Amazon-owned Whole Foods.
Cameron and Tyler Winklevoss have settled their lawsuit against fellow early bitcoin entrepreneur Charlie Shrem, whom they previously claimed owed them $26 million worth of the cryptocurrency.
In an April 5 court filing, Judge Jed Rakoff of the U.S. District Court for the Southern District of New York dismissed the case, explaining that the parties had informed the court they had reached a settlement.
At press time, the father of crypto is maintaining its present position and is staying above $4,000. First reaching this pinnacle a few days ago, bitcoin is keeping up its momentum following a nasty fall in late 2018 that took it down to $3,600 after an extended period of trading in the $6,000 range.
One of the big problems still surrounding bitcoin and other cryptocurrencies is not volatility, but rather negative sentiment. Many financial leaders still see cryptocurrencies as fantasies – things to dismiss that will ultimately have no bearing on the future of money.