Search
Canadian Restaurant Chain Tahini’s Converts All Cash Reserves Into Bitcoin
23.8.2020
Canada-based Middle Eastern restaurant chain Tahini’s has converted all of its cash reserves into bitcoin. The company says bitcoin offers a much better alternative to cash savings. From Cash Savings to Bitcoin Middle Eastern restaurant chain Tahini’s has announced via Twitter that...
Stock Trader Dave Portnoy Dives Into Bitcoin, Only to Panic-Sell After Chainlink Plunges
22.8.2020
High profile stock trader Dave Portnoy has panic sold his bitcoin one week after he got into cryptocurrency. He cited the falling price of chainlink, another of his crypto investments, as the main reason. Dave Portnoy Got in and Out of Crypto in One Week American trader and founder of Barstool...
IRS Prioritizes Cryptocurrency, Now First Question on 1040 Tax Form
22.8.2020
The new U.S. tax form is out and the cryptocurrency question is the first one on the main 1040 tax form used by about 150 million people to file their taxes. The Internal Revenue Service (IRS) requires all tax filers to declare whether they have received, sold, exchanged, or acquired...
Former RBI Governor and IMF Chief Economist Sees Value in Bitcoin and Facebook Libra
22.8.2020
Raghuram Rajan, former governor of the Reserve Bank of India (RBI) and chief economist at the International Monetary Fund (IMF), sees value in bitcoin, cryptocurrencies, and Facebook-backed libra alongside central bank digital currencies. Former RBI Governor’s View on Bitcoin, Crypto,...
Why the Rise of the CBDC Is Bad for Your Privacy
22.8.2020
Like, hate, or fear them, central bank digital currencies (CBDCs) are on their way. There will be no stopping them. From Sweden to Thailand and China to Canada, governments the world over are experimenting with CBDCs. While most are being undertaken as pilots at this stage, China’s is all...
Grayscale’s Litecoin and Bitcoin Cash Trusts Trade for Tremendous Premiums
22.8.2020
This week data from Arcane Research shows there’s been massive demand for Grayscale’s recently launched publicly traded crypto trusts. Following the trusts getting DTC eligibility last monday LTCN (litecoin) shares have been selling for a 753% premium while BCHG (bitcoin cash) shares...
Interest in Crypto Up in Belarus as ‘Information War’ Rages
22.8.2020
Amid unconfirmed reports pertaining to be from Belarus, the nation could soon impose foreign currency exchange limits – a move that some think could drive citizens to crypto en masse.
Protests and strikes continue in the country after a disputed general election returned incumbent president...
Nigeria’s Foreign Currency Crisis Boon for Bitcoin: Country Tops Wallet Downloads Ahead of the US
21.8.2020
Nigeria’s weakening naira currency, as well as the shortage of U.S. dollars, are forcing businesses to switch to bitcoin as the means of settling payments for international transactions. Nigerian businesses need the American currency to buy new supplies, as well as to order essential...
18% of Asked Americans Bought Crypto, Most Know Only Bitcoin - Survey
21.8.2020
Nearly 20% of asked Americans bought crypto, but most of the surveyed people are familiar with bitcoin (BTC) only - and know nothing of altcoins, a recent survey concluded.
Commissioned by Coinflip, a major US-based Bitcoin ATM operator, the survey included 1,005 respondents, whose responses...
Rich Dad, Poor Dad Author Says ‘Major Banking Crisis Coming,’ Praises Bitcoin and Gold
21.8.2020
Robert Kiyosaki, the author of the best-selling book “Rich Dad, Poor Dad,” explained this week that time is running out as a “major banking crisis is coming fast.” The best selling author says now is “not a time to think about it” and said people should start...
Blockchain Bites: Bitcoin’s Weary Bulls, ETC’s Action Plan, INX’s IPO
21.8.2020
INX is gearing up for a landmark IPO while 1 billion tether jumped from Tron to Ethereum
Bitcoin News Roundup for Aug. 21, 2020
21.8.2020
With bitcoin still pulling back and LND learning to wumbo, CoinDesk's Markets Daily is back for your latest crypto news roundup!
As Investors Worry About Pricey Gold, Correlation with Bitcoin Falls
21.8.2020
With gold bulls seemingly on every corner, a recent survey from Bank of America has found that professional money managers now increasingly worry that the metal is becoming overvalued, even after a correction in prices from its all-time highs. Meanwhile, the realized correlation between bitcoin...
BtcTurk 'the First' Exchange to Sign Sponsorship Deal w/ National Teams
21.8.2020
Source: Adobe / Алексей Струйский
Turkey-based cryptocurrency exchange BtcTurk has emerged as the main sponsor of Turkey’s Women and Men’s National football teams. This makes them the world's first cryptocurrency platform to sign a sponsorship deal with a national team, the exchange said.
Per...
John McAfee Ditches Ghost Crypto Project: He Says It Will Fail
21.8.2020
Two-time U.S. presidential candidate John McAfee has announced that he is leaving the ghost cryptocurrency project, claiming that it will fail “without a doubt” and his reputation has been damaged. His Ghost phone service, however, will be launched as planned, he emphasized, adding that...
EU Set to Unveil Draft Crypto Law ‘By Q3 of FY2020’
21.8.2020
The EU could be set to streamline its members’ crypto regulatory framework – after a crucial European Commission ruling.
Per IFC Review, which quotes European Commission’s press office, the Commission wants to have a set of proposals in place as early as the third quarter of 2020, but admitted that...
Bitcoin and Altcoins Likely Bracing For Next Bullish Wave
21.8.2020
Bitcoin price remained strong above the USD 11,650 and USD 11,550 support levels. It seems like BTC is forming a support base for a fresh increase above USD 12,000. The price is currently (08:30 UTC) well above USD 11,650 and the bulls are likely to make an attempt to push the price above...
OCC Chief Says Americans Gravitating Toward Digital Currencies: Urges Banks to Embrace Innovation
21.8.2020
Brian Brooks, the acting comptroller of currency at the U.S. Office of Comptroller of Currency (OCC), says America must adopt digital currency payment rails if the country hopes to compete with global payment rails in the future. He insists changing consumer needs must be prioritized over...
Hollywood Royalty Flexes Crypto-Art Goals: Ashton Kutcher Auctions NFT Digital Art for ETH
21.8.2020
Actor and venture capitalist Ashton Kutcher’s first attempt at digital art, an awful piece titled “The Eye of the Beholder”, is auctioning at Cryptograph. At the time of writing, the highest bid stood at 13.26 ethereum, or about $5,400, with a day to go before the sale ends....
Onecoin Allegedly Tied to Racehorse Firm, Phoenix Thoroughbreds Removed from France Galop Race
21.8.2020
Last week the firm Phoenix Thoroughbreds was reportedly banned from horse racing in France over the founder’s alleged involvement with the crypto Ponzi scheme Onecoin. Last November, Onecoin cofounder Konstantin Ignatov, the Cryptoqueen’s brother, told New York prosecutors Phoenix...