Tagged: bitcoin

Iran Bans Cryptocurrency to Stave off Currency Crisis

Attempts by Iranian citizens to trade their rapidly deflating rials for US dollars or cryptocurrencies like Bitcoin are being vigorously scuttled by Iranian authorities. The latest ban on cryptocurrencies, reported by the state news agency IRNA, follows the imposition of standardized exchange rates across the… Read More

Max Keiser and Stacy Herbert Espouse the Global Urgency of Bitcoin

Soft spoken computer scientist Adam Back, one of the most important figures in the technical history of Bitcoin, had a hard act to follow after Max Keiser and Stacy Herbert burned down the stage presenting their gleeful and anarchic brand of Bitcoin-boosting. “The era of… Read More

Has the Crypto Bubble Popped?

2018 has been a miserable year for cryptocurrencies, as prices have dropped by as much as 70% since their highs since the start of the year. The market capitalization of the entire cryptocurrency market fell from a little over $800 billion in January to a… Read More

Australian Government Posts Reasonable Cryptocurrency Tax Obligations

In mid-March, The Government of Australia published tax guidelines for citizens and businesses using cryptocurrencies to invest, make or receive payments. The document, “Tax treatment of cryptocurrencies,” is fairly readable and the compliance procedures outlined quite reasonable. In short: “Our view is that Bitcoin…is an… Read More

Latest Pantera Fund Newsletter Calls Bitcoin Bottom Now

Bitcoin has bounced off the bottom at $6500 USD, Pantera Capital claims in a recent newsletter to investors. The declaration comes shortly after Pantera announced April 10th that they had lost 50% of the value of their digital asset fund in March. But Pantera CEO… Read More

Coinsource Goes to Washington, Bitcoin ATMs Now Available in 18 States

Coinsource, claiming the world’s largest Bitcoin ATM network title, will expand into the Washington, D.C. metropolitan area. Coinsource will install 20 machines across the District of Columbia and Maryland after receiving significant demand from Bitcoin users and local merchants. This installation caps follows a successful… Read More

Crypto-Rich Catered to by Luxury Retail

Members of the luxury set fond of cryptocurrencies are now able to purchase, log and transact a number of their favorite items using decentralized digital money and ledgers. Japanese luxury car reseller L’Operaio announced at the the end of March that they’ll accept Bitcoin at… Read More

Lightning Network Enduring Sustained Attack By Friendly Hacker “BitPico”

The Lightning Network meant to help Bitcoin and Litecoin scale to handle more payments has been under sustained DoS (Denial of Service) attack emanating from an friendly anonymous source or sources known as “BitPico.” The attack began March 22, 2018, and BitPico took credit publicly… Read More

Paycase Financial: Cryptocurrency Brokerage Expects a Large Amount of Volume When the Desk is Launched

Last month, the TMX Group (the operator of the Toronto Stock Exchange) announced that its subsidiary, Shorcan Digital Currency Network, will be working with Paycase Financial to launch a new cryptocurrency brokerage service initially focused on Bitcoin and Ether. Shorcan DCN is expected to launch at… Read More

Newegg Announces Bitcoin Payment Option Extension to Canada

Tech-focused e-trailer Newegg announced last week it will now give customers in Canada the option of paying for their purchase with bitcoin. The company reported it first offered a bitcoin payment option to its U.S. customers in August 2014 and since that time bitcoin transactions have represented… Read More

Allianz: It’s a Matter of When, Not if, the Bitcoin Bubble will Pop

Global financial firm Allianz recently published a harsh assessment of Bitcoin. Stefan Hofrichter, Head of Global Economics & Strategy at Allianz Global Investors, writing under the category of investment themes and strategies, is of the opinion that Bitcoin is a huge fail. A bubble getting ready… Read More

trueEX to Launch trueDigital Derivatives Marketplace for Digital Assets, Partners with ConsenSys

trueEX LLC will launch a regulated derivatives marketplace for digital assets. Initially, the company will list contracts for Bitcoin non-deliverable forwards (NDFs) settled in USD and will be listed under the “trueDigital” (TDH) brand on the existing trueEX swap execution platform. The launch is pending… Read More

Grayscale Introduces Bitcoin Cash, Ethereum, Litecoin and XRP Investment Trusts

Grayscale Investments, LLC, a digital currency investing authority, launched four new investment products including Bitcoin Cash Investment Trust, Ethereum Investment Trust, Litecoin Investment Trust and XRP Investment Trust.  As of 28 February 2018, Grayscale reported possessed $2.1 billion in assets under management. Barry Silbert, Digital Currency… Read More

Far Eastern Air Transport based in Taiwan to Accept Digital Currency as Payment for Airline Tickets

Dare to be the best. Far Eastern Air Transport or FAT Taiwan Inc. has announced it will “fully accept encrypted digital currency” to purchase airline tickets and related services. FAT wants to be a pioneer in the airline industry and its decision to embrace Bitcoin… Read More

Here is the CFTC Memo that Says it is OK for Staff to Own Bitcoin & Other Cryptocurrency – but be Careful

Last month, the Commodity Futures Trading Commission (CFTC) posted a memo to all staff providing guidance regarding holding and transactions using cryptocurrencies, including Bitcoin. In brief, the memo from Daniel Davis, General Counsel of the CFTC, said it was ok to invest in crypto –… Read More

German Federal Ministry of Finance Posts Letter Regarding Taxation of Bitcoin, Virtual Currencies in General

The Bundesminiserium der Finanzen in Germany (Federal Ministry of Finance) posted a notice yesterday regarding VAT tax treatment of Bitcoin and other virtual currencies. The document, in German, is embedded below.  In brief, the German government will not tax In brief, using Bitcoin as a… Read More

Heritage: Congress Must Remove Anti-Competitive Barriers to Cryptocurrency

Here is an interesting write up that should make cryptocurrency advocates happy. The Heritage Foundation, a leading policy think tank in Washington, DC, published a report at the end last year telling Congress and other public authorities they need to back off of Bitcoin and… Read More

December Minutes of Financial Stability Oversight Council Includes Discussion on Bitcoin by CFTC Chair J. Christopher Giancarlo

The Financial Stability Oversight Council (FSOC) includes every top financial regulator in the US government representing various agencies and a handful of state regulators. Chaired by the Secretary of the Treasury, Steve Mnuchin, FSOC has statutory mandate that creates for identifying risks and responding to… Read More

Cyber-Defense Software Multiven Offers MultiCoins during Chaineum ICO

Multiven, a provider of independent and politically-neutral software integrity maintenance and cyber-defense services, opened its ICO on Chaineum.  The ICO aims at distributing Multiven Coin tokens (MultiCoins) which will serve as the medium of exchange for the soon-to-be-launched Multiven Open Marketplace (MOM) – a blockchain-based marketplace that aims… Read More

Be Careful What You Wish for, Bitcoin Lovers: It May Come True. Bitcoin’s Acceptance on Futures Trading Markets Gave it the Respectability Investors Craved, but Might Cause its Downfall

Cryptocurrencies are fast swapping their shady past for respectability. But investors pushing hard for regulated trading and adoption by Amazon may be destroying the reason for Bitcoin’s existence. Last December, Bitcoin climbed above $18,000, and finally launched on the CME futures exchange. There was little… Read More