Category

Bitcoin

ECB Official Decries Bitcoin as ‘Evil Spawn’ of Financial Crisis, Ripple Consolidates Lawsuits

In recent regulatory news, an executive board member of the European Central Bank (ECB) has given a dismissive appraisal of bitcoin and rejected the prospect of central banks issuing state-backed digital currencies in the foreseeable future. In other news, Ripple… Continue Reading →

Nvidia Misses Q3 Revenue Target as Cryptocurrency Slump Weighs on Business

Shares of Nvidia plunged as much as 17 percent in after-hours trading on the Nasdaq Stock Market on Thursday, after the U.S. bitcoin mining equipment maker reported unexpectedly weak revenue for the third quarter. In premarket trading at the time… Continue Reading →

The Daily: Bitsane Introduces Tether-Euro Pair, Covesting Launches in Gibraltar

In Friday’s edition of The Daily, we look at Bitsane’s decision to list tether (USDT) and trade it against the euro. We also cover two other recent announcements in the crypto-space. Digital asset trading platform Covesting is launching operations in… Continue Reading →

Poles to Pay 19% Tax on Income From Cryptocurrency Transactions

The government of Poland recently submitted amended income tax regulations for approval by President Andrzej Duda. The updated framework, which includes provisions referring to cryptocurrencies, is expected to enter into force on Jan. 1, 2019. Also read: Growing Number of… Continue Reading →

Web Giants Censor Bitchute and Bloom

Another week, another slew of projects banned by major web platforms. Paypal has ejected Bitchute, a Youtube competitor that champions free speech, while Facebook has banned ad campaigns by Bloom that promoted a rival service. The deplatforming of these projects… Continue Reading →

Hash Wars: ABC Chain Leaps More Than 50 Blocks Ahead

All eyes were on the Bitcoin Cash network today as the blockchain split into two after the last common block was found on the chain at height 556766. So far both chains have been chugging along, but at the time… Continue Reading →

Stablecoins Demand More Trust than Fiat Currency

This article about the problem with stablecoins was written by Kevin Murcko, the CEO at cryptocurrency exchange, CoinMetro, and forex broker, FXPIG. Stablecoins — digital coins which peg their value rigidly to the dollar, the euro, or a collage of… Continue Reading →

Japanese Regulator Unveils Plan to Regulate Cryptocurrency Wallet Services

Japan’s top financial regulator, the Financial Services Agency, has unveiled a plan to regulate cryptocurrency wallet services. The regulator has put forward a number of regulatory measures as well as proposing how to implement them. Also read: Yahoo! Japan Confirms Entrance… Continue Reading →

French Financial Markets Regulator Estimates ICOs Have Raised $21.9B Globally Since 2014

France’s financial markets regulator, the Autorité des marchés financiers (AMF), has published a report examining trends relating to initial coin offerings. The AMF describes ICOs as a “marginal” method of financing, estimating that the global ICO industry has raised €19.4… Continue Reading →

Miner Abandons Swedish County, Leaves $1.5M in Unpaid Electricity Bills

Two mining companies with operations in Sweden have reportedly abandoned their facilities in the country’s northernmost county of Norrbotten. One of the companies, U.S. miner NGDC, appears to have suddenly fled from the area, leaving $1.55 million in unpaid electricity… Continue Reading →

Coinbase Ventures Backs Home Crypto Mining Startup Coinmine

Coinmine is a new startup that aims to make in-home mining accessible for non-technical users, based in Los Angeles and founded by Farb Nivi and Justin Lambert. The company has reportedly raised about $2 million from VC funds and angel… Continue Reading →

Hash Wars: The Bitcoin Cash Hard Fork Has Begun

Today Thursday, Nov. 15, a majority of the cryptocurrency community is fixated on the contentious Bitcoin Cash (BCH) hard fork and watching the spectacle with great anticipation. At approximately 1:00 p.m. EST miners backing both implementations started the fork process… Continue Reading →

Canaan’s Hong Kong Listing Plans in Limbo

Plans by bitcoin mining equipment manufacturer Canaan to list shares on the Hong Kong stock exchange are now uncertain, as the Chinese company’s application for an initial public offering (IPO) expired on Nov. 14 — exactly six months after it… Continue Reading →

Canadian Court to Take Custody of Quadrigacx Funds, NYDIG Gets Bitlicense

In recent regulatory news, a Canadian court plans to take custody of $19.5 million of funds that Quadrigacx deposited with the Canadian Imperial Bank of Commerce before they were frozen due to competing ownership claims. Also, New York state regulators… Continue Reading →

Seba Crypto Expects Swiss Banking License, Independent Reserve Integrates Tax Tool

In recent exchange news, Seba Crypto AG has predicted that it will receive a Swiss banking license within the first half of 2019. We also look at the Independent Reserve, which has integrated a tax estimator tool into its user… Continue Reading →

Isle of Man Updates Registration Rules for Cryptocurrency Businesses

The financial regulator of the Isle of Man recently introduced changes to its policy governing the registration of companies in the cryptocurrency industry. The British Crown dependency in the Irish Sea is also tightening rules applicable to projects that conduct… Continue Reading →

The Daily: Coinbase Blesses Binance, Game Day for BCH

It’s a big day for Bitcoin, though quite what flavor of Bitcoin remains to be seen. By the time the dust has settled on this historic Thursday, we should have an idea of which way the Bitcoin Cash hash war… Continue Reading →

Bitfinex Introduces New Fees, Bitmex Rejects Claims It Trades Against Its Customers

In recent cryptocurrency exchange news, Bitfinex has introduced new withdrawal fees, the CEO of Bitmex has refuted accusations that the exchange’s in-house trading desk trades against its customers, and Malta-based Bistraq Exchange has commenced operations. Also Read: Stablecoins Fetch a Premium… Continue Reading →

Bitcoin ATMs Most Common Scam Payment Method in Australia

The Australian Taxation Office (ATO) has warned taxpayers to be “on high alert” for phone scammers demanding payment through bitcoin ATMs. It said payments via BTC cash machines have now overtaken iTunes vouchers as the most common method of scam… Continue Reading →

Stablecoins Fetch a Premium as BTC Hits Year Low

Officially, Wednesday, Nov. 14 will go down as the worst trading day of the year, as BTC sunk to record lows. Unofficially, there were still green shoots to be found if you knew where to look — mostly to the… Continue Reading →

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