#Bitcoin

BIS Report: Cryptocurrencies Are a Poor Store of Value, Unlikely to See Mass Adoption

November 7, 2018 by Aisshwarya Tiwari at Adoption, Altcoins, Bitcoin, Blockchain, Commentary, Finance, Guides, News

A report from the Bank for International Settlements titled “Money and payment systems in the digital age,” published November 1, 2018, suggests that leading cryptocurrencies such as bitcoin, ether, and stablecoin tether do not serve the primary functions of money, and are, therefore, a poor store of value. Unlikely to Witness...

Chinese Court: Bitcoin Is Property and Protected by Law

November 7, 2018 by Cindy Huynh at Bitcoin, Finance, News, Regulation

A Chinese Court recently ordered a company in a civil dispute to repay a misappropriated amount of cryptocurrency, setting a legal precedent for cryptocurrency-related disagreements. According to a Finance Magnates’ article published on November 5, 2018, despite China’s 2017 cryptocurrency ban, the Shenzhen Court recognized in the civil dispute that...

Man Looking at Watch SEC Flag Background

Bitcoin ETF: SEC not Likely to Make the Decision Anytime Soon

November 6, 2018 by Aisshwarya Tiwari at Bitcoin, Commentary, Finance, Investment, News, Regulation

According to a tweet by lawyer Jake Chervinsky, the U.S. SEC’s decision on the previously rejected nine Bitcoin ETFs would not be made until December. Notably, media person Ran NeuNer falsely tweeted on November 2, 2018, that the SEC would likely take a call on the Bitcoin ETFs by November...

American College Student Collects $400,000 in Tax Liability from $5,000 Crypto Investment

November 6, 2018 by Rahul Nambiampurath at Altcoins, Bitcoin, Business, Exchange, Finance, Investment, News, Regulation

On November 2, 2018, a Reddit user submitted a post to the /r/tax subreddit claiming that they were stuck in a somewhat precarious proposition with their taxes. Crypto-to-crypto trades: Taxable events The individual, an American college student, said that they decided to start dabbling in cryptocurrency investments sometime in early...

Bitfury Labeled Wallet Bursting with Cash

Mining Giant Bitfury Raises $80 Million in Closed Funding Round

November 6, 2018 by Priyeshu Garg at Bitcoin, Business, Finance, Investment, Mining, News

Bitfury, a San Francisco-based provider of blockchain infrastructure, has just closed an $80 million funding round led by venture capital firm Korelya Capital, the company announced in a press release on November 6, 2018. $80 Million Private Placement for European Blockchain Unicorn Bitfury Bryan, Garnier & Co, the leading European...

Elon Musk's Twitter Account Attacked, Hacker Promises Free Cryptocurrency

Fake Elon Musk Account Promotes Bitcoin Scam on Twitter

November 6, 2018 by Cindy Huynh at Altcoins, Bitcoin, Crime, Ethereum, News

Cryptocurrency scammers have impersonated Tesla CEO Elon Musk, by hacking and compromising several verified Twitter accounts on November 5, 2018. According to Business Insider, while Twitter has previously attempted to stop impersonation scams, the hackers have managed to promote their tweets and capitalize on the cryptocurrency frenzy. Scammers Hack Verified...

Swiss Regulator Instructs Banks to Assign 800 Percent Market Value Risk Weighting to Cryptoassets

November 6, 2018 by Priyeshu Garg at Bitcoin, Finance, Investment, News, Platform, Regulation, Tech

The Swiss Financial Market Supervisory Authority (FINMA) has instructed banks in the country who handle cryptocurrency to weight cryptoassets at eight times their market value when calculating loss-absorbing capital. According to a secret letter quoted by swissinfo.ch in a story published on November 5, 2018, the regulator has imposed the...

The Intersection of Crypto and Political Funding

November 6, 2018 by Alex Lielacher at Adoption, Altcoins, Bitcoin, Finance

A new report has revealed the perception the American public has towards digital currencies, especially in the context of politics and political party funding. The report was prepared by Clovr and is called “Crypto and Politics: Voters Perceptions of Cryptocurrency and Politics.” To prepare the report, Clovr researchers queried 1,023...

China’s Largest Taxi-Hailing App Will Soon Get a Blockchain-Based Counterpart

Remixpoint Inc. Ally with Hinomaru Limousine to Let Travelers Pay for Airport Rides with Bitcoin

November 5, 2018 by Ogwu Osaemezu Emmanuel at Adoption, Altcoins, Bitcoin, Business, Finance, News

Remixpoint Inc., the parent company of BITPoint cryptocurrency exchange, which is one of the 16 licensed digital assets trading venues in Japan, has joined forces with Hinomaru Limousine Inc., a local firm that claims to operate a fleet of 362 limos and 161 taxis, to make it possible for travelers...

Bitcoin Hot Air Balloon Reading a Newspaper

Bitcoin Closes the Week Softer on Back of Little Newsflow: BTCManager’s Week in Review November 5, 2018

November 5, 2018 by Alex Lielacher at Altcoins, Bitcoin, Blockchain, Business, Finance, News, News Digest, Regulation

The price of bitcoin closed the week around two percent lower - reaching the $6,350 level - on light volumes and a lack of major market-moving headlines. The main headline of the week was the publication of a research paper that suggested that bitcoin mining may accelerate global warming due...

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