#Bitcoin

Swiss Banking Authority Warns that Bitcoin Is Impractical and an Environmental Disaster

June 19, 2018 by Priyeshu Garg at Bitcoin, Blockchain, Business, Commentary, Finance, News, Regulation, Tech

In its latest warning about the burgeoning cryptocurrency sector, the Bank of International Settlements (BIS) stated on June 17, 2018, that cryptocurrencies are not scalable and “are likely to face a breakdown in trust” as the number of people using digital currencies increases. Other concerns revolve around their inherently self-limiting...

Crypto Markets Decline Stopped by SEC Decision That Decentralized Cryptocurrencies Are Not Securities: Week in Review Jun. 18

June 19, 2018 by Alex Lielacher at Altcoins, Bitcoin, Crime, Ethereum, Finance, News, News Digest, Regulation, Tech

It has been a sobering week for crypto investors as the price of bitcoin continued last week’s decline to drop another ten percent versus last week’s close after a new study suggested that Tether (USDT) trading manipulated the bitcoin rally of late-2017. Fortunately, for bitcoin and - especially ether -...

The Australian Tax Office is Hunting for Cryptocurrency Traders to Report and Pay their Taxes

June 19, 2018 by Cindy Huynh at Altcoins, Bitcoin, Blockchain, Business, Finance, News, Regulation

According to The Financial Review, The Australian Tax Office (ATO) is warning cryptocurrency traders that their profits from cryptocurrency trading in 2017 to 2018 will “not go unnoticed.” ATO Explains Cryptocurrency Investing The ATO has provided a very detailed and comprehensive information for Australian citizens when it comes to cryptocurrency...

U.S. Government Goes After Exchanges in Bitcoin Futures Manipulation Probe

June 19, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Finance, News, Regulation, Tech

The Commodity Futures Trading Commission (CFTC) of the United States has demanded the handover of comprehensive trading information by several bitcoin exchanges as part of an investigation into the manipulation of price via bitcoin futures contracts. The subpoena request marks the first time a regulator has intervened directly in the...

Binance is now the Largest Cryptocurrency Exchange and Faster Ever 'Unicorn'

Death of Coinbase? Binance to Introduce Euro Trading Pairs This Year

June 19, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Finance, News, Regulation

Crypto exchange giant Binance might take cryptocurrencies to a whole new level this year, bringing them a bit closer to the mainstream financial market. Changpeng Zhao, the Chief Executive Officer of the world's largest cryptocurrency exchange, said in an interview with Bloomberg on June 8, 2018, that the exchange would...

Cryptocurrency Exchange London Block Exchange Join Forces With ClearBank

June 18, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Finance, News

Despite the bitcoin price slump, quite a lot of positive news has been emanating from the blockchain-based virtual currency space since the beginning of 2018. In the latest development, London Block Exchange has teamed up ClearBank to make it easier for clients to buy and sell cryptocurrencies. A Crypto-Fiat Alliance...

Chinese Cryptocurrency Investors Predict Another Bull Market

June 18, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Finance, News, Tech

The situation in the financial markets has looked a bit bleak lately, but Chinese cryptocurrency investors seem to be a lot more optimistic than one would expect under current circumstances. Investors believe the financial world might be getting another bull market because of a growing capital in the form of...

New Book “The Bitcoin Standard” Touts Bitcoin as an Alternative to Central Banking

June 18, 2018 by Alex Lielacher at Bitcoin, Finance, News, Regulation, Tech

Academic Saifedean Ammous recently published a book called “The Bitcoin Standard.” In it, Ammous discusses the history of money and other mediums of exchange, the relationship between economics and various aspects of society, and explores what constitutes “good” money, drawing heavily from the Austrian school of economics. Most importantly, Ammous...

Litecoin Sees Increased Adoption by Businesses

June 18, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Business, Finance, News, Tech

Litecoin (LTC) is seeing an “incredible amount of interest” from global businesses looking forward to integrating and supporting it, the Litecoin Foundation announced in their Twitter post. At the same time, it reminded its users to ask the companies they do their business with to ask the businesses to let...

William Shatner’s Ambitious Plan to Operate a Bitcoin Mining Center Powered by Solar Energy

June 18, 2018 by Joseph Young at Altcoins, Bitcoin, Blockchain, Finance, Mining, News, Tech

William Shatner, a well respected Canadian actor, author, producer, and director has released an ambitious plan to operate a bitcoin mining farm in Southern Illinois that is powered entirely by solar power. Plan to Have the Edge over Other Mining Centers In an interview with Chicago Tribune, Shatner explained that...

Tezos Foundation Introduces KYC/AML Policy amid Community Backlash

June 18, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Blockchain, Business, News, Regulation

Tezos Foundation announced the introduction of Know Your Customer/Anti-Money Laundering (KYC/AML) checks for its contributors, drawing a backlash from its followers on social media. The new policy "requires contributors to its fundraiser to complete this KYC/AML process to access their recommended allocations in its proposed genesis block.” Added identity verification...

Missoula County Commission Delays Ban on Cryptocurrency Mining

June 18, 2018 by Cindy Huynh at Altcoins, Bitcoin, Finance, Mining, News, Regulation, Tech

The Missoula County Commission on June 14, 2018, decided to postpone and the one-year ban imposed on cryptocurrency mining activities. Residents Express Frustration over Cryptocurrency Mining Farms Despite an intensive two hours of discussion, presentations, and public comments concerning Bitcoin mining operations in Bonner, the public was fairly split when...

Cryptocurrencies-have-given-Goldman-Sachs’-Michael-Novogratz-a-second-opportunity

Novogratz Invests $15M in Cryptocurrency Startup

June 18, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Business, Finance, News, Tech

Billionaire investor and former hedge fund manager Michael Edward "Mike" Novogratz has invested $15 million in blockchain startup AlphaPoint Corp., a company that assists institutions in the creation of cryptocurrency exchanges. With this effort, the 53-year-old increased his investment in the cryptocurrency and blockchain sector, supporting the acceleration of growth...

Cryptocurrency Exchange itBit Gets NYDFS Approval to List Ethereum and Three other Altcoins

June 17, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Finance, News, Regulation

The first New York-based cryptocurrency exchange to be granted the BitLicense, itBit has been approved by the New York Department of Financial Services (NYDFS) to start trading Stellar Lumens (XLM), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). Expanding the Cryptochain On June 14, 2018, the itBit team has announced...

CIA Keeps Mum on Rumors of it Knowing the Real Identity of Satoshi Nakamoto

June 17, 2018 by Priyeshu Garg at Bitcoin, Commentary, News, Regulation

The United States Central Intelligence Agency (CIA) has stated that it is not willing to confirm or deny rumors alleging that it knows the true identity of the elusive Bitcoin founder Satoshi Nakamoto. The Search for Satoshi The statement was made in response to a Freedom of Information Act (FOIA)...

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