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IRS Now Requires Tax Filers to Disclose Crypto Activities
9.12.2019
The U.S. Internal Revenue Service (IRS) has finalized and put in use a new tax form that requires crypto owners to declare whether they received, bought, sold, exchanged, or acquired any cryptocurrencies in 2019. Tax experts are frustrated at the vagueness of the tax agency, with some questioning...
Regulatory Roundup: Bitcoin Futures Fund Approved, India’s RBI-Backed Digital Currency
9.12.2019
In this regulatory roundup, we cover the U.S. SEC approving a bitcoin futures fund, the new IRS tax form targeting crypto owners, and several more steps taken by the U.S. government toward crypto regulation. We also cover India’s central bank digital currency plan, South Korea’s crypto...
Weiss Ratings Downgrades EOS to ‘C-‘ Due to Centralization – How Other Coins Measure Up
9.12.2019
Weiss Ratings has downgraded EOS once again, taking its ranking from a B to a C-. The group cites “failure to decentralize,” “misallocation of resources,” and a congested network as reasons for the fall in rank. “Weiss Crypto Ratings model is not based on opinion....
New Ukrainian Law Says ‘Virtual Assets’ Can Be Used for Payments
9.12.2019
The Verkhovna Rada, Ukraine’s legislature, has approved amendments that introduce legal terms and definitions pertaining to the crypto space. The new legislation, which aims to transpose the FATF standards into national law, also identifies who is to take responsibility for the oversight...
A List of Self-Proclaimed Bitcoin Inventors and Satoshi Clues Debunked in 2019
8.12.2019
Since the inception of Bitcoin, a variety of unique individuals have come forward saying they invented blockchain technology. In 2019, a few more self-proclaimed Satoshis came out of the woodwork, alongside evidence pointing toward other individuals who could have used the moniker. So far, clues...
Beam, BCH and Zcash Will Join BTC in Halving Their Mining Rewards
8.12.2019
There’s been a lot of noise about Bitcoin’s halving, set to occur in May, and the effect this will have on price as BTC’s mining reward is slashed. It’s not the only PoW coin gearing up for a major reduction in its emission rate next year, with Bitcoin Cash, Beam, and Zcash...
Deutsche Bank Strategist Predicts Crypto Could Replace Fiat Money
8.12.2019
Deutsche Bank analysts have made some predictions regarding the future of cryptocurrency. Strategist Jim Reid explained why cryptocurrencies are inevitable and how the existing fiat money system could crumble over the next decade, leading to soaring demand for cryptocurrencies. Also read: Swiss...
Buy Presents or a Christmas Trip Using Gift Cards Purchased With Crypto
8.12.2019
Gift cards have become a popular payment tool for cryptocurrency users. Plenty of platforms now offer a wide variety of cards which can be purchased with your digital coins. You can use them to buy just about any product or service from major and small retailers, order food and drinks, or book...
Bitcoin Cash Represents 93% of November’s Crypto Spending in Australia
8.12.2019
News.Bitcoin.com recently reported on web portal Bitcoinbch.com’s in-depth report, which detailed BCH outshining BTC retail spending in Australia by a wide margin during the month of September. The next month, BCH captured 90% of October’s crypto spending in the country. Now the website...
The Crypto Anarchist Manifesto
8.12.2019
A specter is haunting the modern world, the specter of crypto anarchy. Computer technology is on the verge of providing the ability for individuals and groups to communicate and interact with each other in a totally anonymous manner. Two persons may exchange messages, conduct business,...
While Markets Move Sideways, Crypto Whale Sightings Increase
7.12.2019
While cryptocurrency markets have been moving sideways during the last few weeks, digital currency proponents have been observing large bitcoin whale movements. Transactions with tens of thousands of BTC have been noticed on the move from one wallet to another. On Friday, one colossal BTC holder...
SEC Approves Bitcoin Futures Fund
7.12.2019
The U.S. Securities and Exchange Commission (SEC) has approved an investment fund that will invest in bitcoin futures contracts. SEC Commissioner Hester Peirce calls this move “a bit of progress.” The SEC has also revealed why it decided to approve such a fund. Also read: Swiss Licensed...
Boerse Stuttgart’s Crypto Exchange Live for All Traders in Germany
7.12.2019
Germany’s second-largest stock exchange, Boerse Stuttgart, has opened up its cryptocurrency trading platform to all interested traders in the country. This move follows the passing of a bill allowing banks in Germany to sell and hold cryptocurrencies for their clients starting next year. Also...
Ross Ulbricht Clemency Petition Gathers 250,000 Signatures
7.12.2019
On Friday, the Clemency for Ross Ulbricht petition hosted on Change.org surpassed 250,000 signatures. The solicitation for signatures started in July 2018 and gathered roughly 6,200 signatures during the first three days. Now with a quarter of a million signatures asking U.S. President Donald Trump...
Chicago Company Mines at Oil Wells, Educates Producers About Bitcoin
7.12.2019
Utilizing stranded gas to power bitcoin mining rigs at oil and gas wells is a promising business opportunity. It is profitable for all participating parties and beneficial for the environment. Not without challenges, this young industry is growing in energy-rich North America. Several companies...
Bitcoin Cash 2019: Year in Review
6.12.2019
2019 is coming to an end and the Bitcoin Cash (BCH) ecosystem has matured a great deal. BCH has successfully upgraded twice this year, adding Schnorr signatures capabilities and most transactions on the BCH network are now non-malleable. Moreover, BCH has seen increased adoption this year, an...
Fortune Star Digital Asset Fund Locks Over 85% of LFE Cash Tokens
6.12.2019
Fortune Star Digital Asset Fund (a professional Cayman Islands investment fund) has secured 3,547,437,988 LFE Cash tokens for its flagship digital asset fund that has been launched this week.
The post Fortune Star Digital Asset Fund Locks Over 85% of LFE Cash Tokens appeared first on Bitcoin News
EU Finance Ministers Place Defacto Ban on Libra
6.12.2019
Libra’s ongoing organizational snags and run-ins with regulators continue into December, as EU finance ministers agreed Thursday that Libra cannot be launched in the EU until concerns are adequately addressed. The finance ministers issued a joint statement citing regulatory “challenges...
Venture Capitalists Have Invested Over $200M in Stablecoins
6.12.2019
Does the world need more stablecoins? Yes according to VCs, who have thrown hundreds of millions of dollars at projects developing stable or low volatility digital assets. The $45 million committed in 2019 takes the past two years of VC investment to over $200M. Also read: RBI Governor Discusses...
The North American Bitcoin Conference Returns
6.12.2019
The global Bitcoin and blockchain community will meet in Miami for the seventh year running to create the future of the industry. The North American Bitcoin Conference (TNABC) has hosted 20,000 attendees since 2013 and the ongoing show of support and community convergence from around the world...