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Seminole County, Florida Embraces Bitcoin and Bitcoin Cash Payments

May 15, 2018 by Priyeshu Garg at Bitcoin, Finance, News

Residents of Seminole county in Florida can now pay their taxes with bitcoin and bitcoin cash. Seminole becomes the first county to accept payments in bitcoin cash and bitcoin in the United States. Joel Greenberg, the State tax collector, announced the County would begin using BitPay, a cryptocurrency payment processor,...

Monthly Global Public Chain Assessment Index From China Will Track Bitcoin, Bitcoin Cash, Cardano, Ethereum, Litecoin, and More

May 15, 2018 by Priyeshu Garg at Altcoins, Bitcoin, News

The Chinese CCID think tank hosted a seminar on public blockchain technology on May 11, assessing the current status of adoption, possible application as well as announcing the monthly Global Public Chain Assessment Index. The symposium also acted as a special promotion of blockchain as the solution to many aspects...

Billionaire Investor Draper Says Bitcoin Is Most Secure Place to Store Money

May 15, 2018 by Joseph Young at Bitcoin, Commentary, Crime, Finance, News, Tech

On CNBC’s Closing Bell, billionaire investor Tim Draper, who has funded some of the most successful technology companies to date such as SpaceX, Tesla, and Uber, stated that bitcoin is the most secure place to store money due in part to the gaps in security of banking systems which major...

One Wrong Assumption by Wired Ended up in a Loss of Thousands of Dollars of Bitcoin

May 14, 2018 by Nuno Menezes at Bitcoin, Commentary, Finance, News

In May 2013, Wired published an article where it went through a tutorial on bitcoin mining, titled “Watch Wired Get Rich Quick With Our Sleek Bitcoin Miner.” At the end of the article, the company decided to destroy the wallet’s private keys and therefore lose access to a nice haul...

Longfin CEO Finally Reaches Settlement with U.S. SEC

Indian Supreme Court Upholds RBI’s Decision to Stop Servicing Crypto-related Businesses

May 14, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Finance, News

Indian authorities have joined forces together to stifle the growth of its local cryptospace. In the latest development, the Supreme Court has refused to grant an interim injunction against the Reserve Bank of India (RBI) directive prohibiting domestic financial institutions from rendering banking services to firms in the blockchain-based virtual...

Three Major Financial Institutions Ban the Purchase of Crypto using Credit Cards

Bank of America Prohibits Customers From Purchasing Cryptos Using Their Debit & Credit Cards

May 14, 2018 by Pratik Makadiya at Altcoins, Bitcoin, Blockchain, Business, Finance, News, Tech

In an interview on CNBC, Catherine Bessant of the Bank of America (BofA), said cryptocurrencies as payment system are "troubling," as it makes it difficult to catch those who make use of the virtual currency for illegal transactions. Therefore, BofA will disallow the use of its credit or debit cards...

Two Individuals Arrested in South Korea For Running $30 Million Cryptocurrency Ponzi

May 14, 2018 by Joseph Young at Altcoins, Bitcoin, Crime, Finance, News

Two South Korean individuals, whose names remain anonymous, were arrested this week for running a $30 million cryptocurrency Ponzi scheme in Busan, the second largest city in South Korea behind Seoul. Ponzi Schemes Have Become a Major Issue Over the past nine months, the two individuals established an office in...

Greek Authorities Crushed a Murder Plot Against Alleged Bitcoin Fraudster

May 14, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Crime, News

The Greek police have uncovered a plot to assassinate Alexander Vinnik, the Russian citizen that has been accused of having a hand in the Mt. Gox heist. Back in July 2017, a Japanese Cybersecurity firm, WizSec, revealed that Vinnik was actively involved in laundering $4 billion worth of bitcoin from the...

Cryptojacking on the Rise: Employees are Hijacking Company Servers

Largest India Conglomerate Victim of Monero Cryptojacking

May 14, 2018 by Nigel Dollentas at Altcoins, Bitcoin, Business, Crime, Mining, News

Aditya Birla Group, one of India’s top business conglomerates is the first victim of a “cryptojacking” attack that occurred In April 2018. The attack was first detected in some of the conglomerates overseas subsidiary’s, but it quickly spread to manufacturing and other companies closer to home within days. First in...

Blockchain to Usher in the Fourth Industrial Revolution, Says Wall Street Trader

May 14, 2018 by contributor at Bitcoin, Blockchain, Business, Finance, News

Every couple of decades a new form of technology emerges from niche tech circles to mainstream implementations and is usually coupled with a community that firmly believes in the innovation setting a new benchmark in the world. Not advances survive, but those that do, set the ball rolling for new...

An electrified pick axe with a gauge on it. Red cave looking background. How to boost mining power? Russia's Tech savvy make a move.

First-Time Disclosure: Crypto Sales Account for 9 Percent of Nvidia’s Q1 Revenue

May 14, 2018 by Pratik Makadiya at Altcoins, Bitcoin, Business, Ethereum, Mining, News, Tech

Graphics processor maker Nvidia Corp. disclosed that sales of graphics processing units (GPUs) to cryptocurrency miners equated to $289 million in the first quarter of 2018, forming only nine percent of its overall reported revenue of $3.21 billion for the period. Financial analysts had estimated sales of around $200 million...

Bulletproofs can Help Bitcoin to Process Anonymous Payments Efficiently Says Developer

May 14, 2018 by Joseph Young at Altcoins, Bitcoin, News, Tech

Adam Gibson, a Python developer and bitcoin researcher, stated private or anonymous bitcoin transactions are large in size but can be scaled with solutions like bulletproofs. Private Transactions are Larger than Public Ones Anonymous transactions are larger in size than normal transactions. As such, most blockchain projects consider scalability as...

Ukrainian Authorities May Legalize Cryptocurrency as Financial Instruments

May 14, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Finance, News, Regulation

While most nations of the world have established a stance on digital currencies, the government of Ukraine has yet to decide on how to handle its crypto space. However, it seems the suspense is about to come to an exciting end as the Chairman of the National Securities and Stock...

Bitcoin Mining Chip Maker Canaan to List in Hong Kong

May 14, 2018 by Rahul Nambiampurath at Bitcoin, Business, Finance, Mining, News, Tech

Hangzhou based Canaan Creative, the second largest Bitcoin mining hardware manufacturer in China is reportedly considering to bring its IPO to the Stock Exchange of Hong Kong instead of the New York Stock exchange in the US. The South China Morning Post reported that the company, founded by N.G. Zhang...

IRS: Cryptocurrency is a Property & Swaps are Taxable

Israel’s Tax Authority is Using Social Media to Track Down Bitcoin Tax Evaders

May 14, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Finance, News, Regulation

It is known that Israeli bitcoiners are required by law to pay a 25 percent capital gains tax while crypto-related businesses must compulsorily send their 25 percent tax plus another 17 percent VAT to the authorities. However, since the bill became law, quite a few people and businesses in Israel’s...

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