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Is Plustoken to Blame for Bitcoin’s Sell-Off?
29.11.2019
Armchair theorists love postulating the reasons behind bitcoin’s latest price rise or sell-off. From China FUD to exchange hacks, anything and everything is fair game for blame. Plustoken is the latest bitcoin bear-maker that’s being credited with the last three months of downward price...
Despite St. Louis Branch Warnings, New York Fed Pumps $108 Billion Into US Economy
29.11.2019
On Wednesday, November 27, the U.S. Federal Reserve pumped $108 billion into the American economy using overnight repo tactics and 15-day repos. The central bank explained the move will stimulate more liquidity into the faltering U.S. economy, but economists from the St. Louis Federal Reserve...
US Judge Denies Customer’s Plea to Quash IRS Bitstamp Inquiry
28.11.2019
A Washington Western District Court judge has rejected petitioner William Zietzke’s appeal to stop the U.S. Internal Revenue Service (IRS) from accessing his Bitstamp trade data. An IRS summons invoked Zietzke to file a petition to quash the tax agency’s investigation into his private...
US Government Worried Crypto Can Shift Power to Private Sector
28.11.2019
Cryptocurrency is one of the top issues for the U.S. Treasury. Particularly, the Treasury is worried decentralized cryptocurrencies can shift some functions away from the government to the private sector and raise the issue of self-government, according to Deputy Secretary of the Treasury Justin...
Bitcoin ATMs Installed at 5 Major Malls in the US
28.11.2019
After installing a bitcoin ATM at Miami International Airport, Bitstop installed cryptocurrency ATMs at five major malls in multiple U.S. states. The malls are operated by Simon Property Group, the biggest shopping mall operator in the country. Customers can buy bitcoin while doing their Black...
Another Bank Run Highlights China’s Brewing Financial Crisis
28.11.2019
A regional lender has become the latest victim of the growing liquidity crunch in the world’s most populous country. Yingkou Coastal Bank, operating in the northeastern Chinese province of Liaoning, is the second institution within less than a month to see its financial stability threatened...
Players Can Now Win an HTC Exodus 1 Phone on Bitcoin Games
28.11.2019
Bitcoin Games is now offering players to win some extra crypto and an HTC Exodus 1 smartphone, just in time for Black Friday. You can participate in the promotion by playing the site’s exclusive Slots, Roulette and Keno games, or any of the recently released slots and you stand a chance...
Attorney Fees Stack up as Craig Wright Fights Court Order
28.11.2019
During the last week, court documents stemming from the Kleiman v. Wright lawsuit show that the Kleiman estate is now pursuing roughly $658,581 for attorney fees and expenses. Additionally, self-proclaimed Bitcoin inventor Craig Wright has filed a motion to fight the sanctions imposed on half...
As Halving Interest Grows, Spectators Discuss Miner Hoards and Capitulation
28.11.2019
Recently, cryptocurrency advocates have been discussing the upcoming halvings set to happen on the BTC and BCH blockchains in six months or less. Since crypto prices have been heading southbound, the SHA256 consensus hashrate continues to remain relatively unfazed and data stemming from freshly...
Bitfinex and Tether Receive Another Class Action Lawsuit in US Courts
27.11.2019
The operators of the cryptocurrency exchange Bitfinex and the stablecoin Tether have notified users that they were hit with another class action lawsuit in U.S. courts over market manipulation allegations that the companies are trying to frame as mercenary and baseless. Also Read: Bitfinex Claims...
European Crypto Exchange Bitbay Ends Monero Trading due to Anonymity Features
27.11.2019
Authorities around the world are trying to stamp out online anonymity in various ways, sacrificing users’ privacy for alleged security. One of these ways is forcing digital asset exchanges to drop support for some cryptos, as European venue Bitbay is now the latest to do with monero. Also...
“I Designed Bitcoi… Gold” – The Many Facts Pointing to Nick Being Satoshi
27.11.2019
Nick Szabo is something of a legend in the crypto space, and for a good many reasons. Not least of which are his contributions to the development of Bitcoin, his early communications as a cypherpunk, and his continued influential input in economic, philosophical, political and crypto circles since....
Russian Tax Authority Registers Crypto as Part of a Company’s Capital
27.11.2019
A company has blazed a trail in Russia, successfully convincing the country’s tax agency to accept that its equity capital now includes cryptocurrency. The change in the ownership distribution has been registered after the firm filed a set of notarized documents confirming a new investment...
South Korean Committee Passes Bill Enforcing FATF Crypto Rules
27.11.2019
South Korea’s national policy committee has passed an amendment establishing a legal framework for cryptocurrencies. It requires crypto exchanges and service providers to register with the country’s financial regulator and comply with the recommendations set by the Financial Action Task...
Devs Discuss Formal Specification Project for Bitcoin Cash
27.11.2019
On Monday, Bitcoin ABC’s lead developer Amaury Séchet explained in a blog post that Bitcoin Cash will be getting its own formal specification from Bitcoin Verde programmer Joshua Green. Séchet noted that although a slew of developers have written documentation, “the existing...
Bitcoin Cash House African Expansion to Feature in Toronto Meetup
27.11.2019
Besides networking with the local community, bitcoin cash meetups are a great way to learn about the development of the cryptocurrency and the ecosystem from the people that make it happen. The upcoming Toronto meetup, for example, will feature new details about the expansion of the Bitcoin Cash...
Another Research Paper Finds Flaws With the Lightning Network
26.11.2019
On November 21, researchers from Hungary and Institute for Computer Science and Control published a critical examination of the Lightning Network, the protocol intended to amend BTC’s scalability issues. The researchers’ simulation findings indicate the Lightning Network...
Travala Partners With Booking.com – 90,000 Crypto Accepting Destinations Added
26.11.2019
On Monday, the cryptocurrency-accepting online travel agency and metasearch engine Travala announced a strategic partnership with the firm Booking.com. According to Travala the collaboration adds Booking.com’s accommodation listings to the Travala portal, adding 90,000 destinations to over...
Gold and Silver Follow Similar Trend to Bitcoin, React to News About China
26.11.2019
With crypto prices moving after almost every positive or negative bit of news related to China, gold and silver markets have been reacting to such events as well. With some exceptions, the overall trend in their value has been negative since September. The prospects of both digital coins...
Bankrupt DX Exchange Reportedly Didn’t Pay Israeli Suppliers and Employees
26.11.2019
It was recently reported that digital assets trading platform DX Exchange ceased operations and was looking for a way to exit the market via a merger or a sale. New details from Israel show that the exchange reportedly didn’t even have the cash flow to pay its suppliers and employees. Also...