Tagged: bitcoin

May 14, 2018 @ 3:46 pm By Samantha Hurst  |  

Financial Services Superintendent Maria T. Vullo announced on Monday the New York State Department of Financial Services has authorized Gemini Trust Company, LLC to offer the custody services and trading of Zcash, Litecoin and Bitcoin Cash, emerging cryptocurrencies, on its virtual currency exchange, which is… Read More

May 13, 2018 @ 4:43 pm By JD Alois  |  

Bloomberg is out with a report that some wealthy investors are “hoarding” Bitcoin in bunkers deep underground the amount is said to be hovering around $10 billion representing 7% of Bitcoin’s float. Xapo, the “Fort Knox of Bitcoin,” has raised $40 million from big name VC’s… Read More

May 10, 2018 @ 11:08 pm By Cali Haan  |  

Right now, overhead, four satellites broadcasting the Bitcoin blockchain drift in the Earth’s atmosphere over North and South America, Africa and Europe. Only East Asia, Australia and Polynesia are still dark. The presence of Bitcoin satellites in the atmosphere was announced August 15th, 2017 by… Read More

May 10, 2018 @ 8:41 am By Samantha Hurst  |  

Paxful, a global peer-to-peer bitcoin technology company, announced on Thursday it is set to build a blockchain technology incubation hub in Lagos, Nigeria, as part of its growing investment in Africa. The company reported that it has appointed Chuta Chimezie as Regional Director of Africa. He will be responsible… Read More

May 7, 2018 @ 8:22 am By JD Alois  |  

Warren Buffet, the founder of Berkshire Hathaway and a legendary investor, is no fan of cryptocurrency. Speaking with CNBC this week during their annual shareholder meeting, Buffet told Becky Quick that bitcoin is “rat poison squared.” Not exactly a compliment. Buffet believes that “cryptocurrencies will come… Read More

May 6, 2018 @ 11:25 am By Cali Haan  |  

On Thursday, “Alternative financial and economic news” producer Crush the Street posted an interview on YouTube with documentarian Tim Delmastro, who has released a new documentary on Bitcoin called “Bitcoin: Beyond the Bubble.” The following is a transcript of highlights from the interview: “I made… Read More

May 4, 2018 @ 11:48 am By Cali Haan  |  

In what is being lauded as Scotland Yard’s first successful prosecution of cybercrime, a British hacker has been convicted of multiple charges related to the theft of millions of people’s personal data. Grant West, 26, was arrested in the first class section of a passenger… Read More

April 30, 2018 @ 1:54 pm By JD Alois  |  

Le Conseil d’etat announced this past week that French authorities have decided to dramatically drop the tax on cryptocurrency from 45% to 19%. While still considerable, this represents an important step by the French government in seeking to be more innovation friendly. The change in taxation was… Read More

April 29, 2018 @ 4:00 pm By Cali Haan  |  

Morgan Rockcoons, a once active LocalBitcoins seller and committed Bitcoin lifestyler, has tweeted that he is in crisis after being offered a deal from prosecutors to plead guilty to money laundering and unlicensed money transmission in exchange for a lighter sentence. Rockcoons perceives the charges… Read More

April 28, 2018 @ 2:33 pm By Cali Haan  |  

Devoted “classic” Bitcoin network advocates claim they will soon be testing their brand confusion grievance against Roger Ver and Bitcoin Cash in court. Bitcoin (BTC) and Bitcoin Cash (BCH) have been engaged in a highly contentious rivalry ever since Roger Ver and associates “forked” (or… Read More

April 23, 2018 @ 2:14 pm By Cali Haan  |  

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

April 22, 2018 @ 2:00 pm By Cali Haan  |  

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

April 15, 2018 @ 1:49 pm By Aziz Bin Zainuddin  |  

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

April 13, 2018 @ 4:41 pm By Cali Haan  |  

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

April 13, 2018 @ 4:21 pm By Cali Haan  |  

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

April 12, 2018 @ 11:21 am By Erin Hobey  |  

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

April 11, 2018 @ 11:51 am By Cali Haan  |  

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

April 6, 2018 @ 5:55 am By Cali Haan  |  

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

April 4, 2018 @ 12:00 pm By JD Alois  |  

  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… Read More

April 3, 2018 @ 8:55 am By Samantha Hurst  |  

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