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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...

Bitcoin Trading Platform LocalBitcoins is Now Complying with AML/KYC

Localbitcoins Introduces Strict KYC Mandates Amongst Host of Guidelines to Comply with EU Regulations

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

The Wild West Days of cryptocurrencies may soon be a feature of the past, as crypto-trading and exchange platforms are increasingly introducing identity verification features for their businesses, presumably in a big to escape the clutches of legal authorities. After a Reddit post in April 2018, which notified high-volume...

Rawtx: Another Lightning Network-enabled Bitcoin Wallet for Android

May 13, 2018 by Rahul Nambiampurath at Bitcoin, Finance, News

An announcement by Rawtx on May 9, 2018 has marked the launch of yet another bitcoin wallet for the Lightning Network, along with eclair. The Lightning Network is touted as a solution to bitcoin’s scalability problems has been live and running for several months now. With an estimated 2,301 nodes...

Reserve Bank of Zimbabwe Bans the Country’s Only Monetary Hope: Bitcoin

May 13, 2018 by contributor at Bitcoin, Finance, Guides, News, Regulation

Although bitcoin is widely-regarded as a lucrative investment vehicle, and it is easy to forget the original function of the pioneer cryptocurrency; that of being a decentralized store of value. While bitcoin’s potential may not be fully realized by first world speculators, citizens of countries with weak economic systems have...

Nasdaq CEO: Blockchain Tech will Play Major Role in World Economy

May 13, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Blockchain, Commentary, News

While business moguls like Warren Buffett, Charlie Munger, and others think bitcoin is worse than trading "freshly harvested baby brains" and would, therefore, have a terrible ending, CEO of Nasdaq Adena Friedman firmly believes cryptos are the future of finance. And she’s not ashamed to let the entire world know...

Bitbond’s Loan Transfers Using Bitcoin Are Becoming More Popular

May 13, 2018 by Rahul Nambiampurath at Bitcoin, Business, Finance, News

Global peer to peer marketplace for small loans, Bitbond, allows clients the option to transfer their loans by using bitcoin. The bitcoin startup has seen its popularity grow, with the startup managing around $1 million in loans per month for 100 clients. The revelation was made in an interview by...

Texas Securities Board Cracks Down on Two Alleged Crypto Scams

May 13, 2018 by Alex Lielacher at Altcoins, Bitcoin, Finance, News, Regulation

Another day, another scam. That is, unfortunately, the reality of the current state of the cryptocurrency industry where the pseudonymity of bitcoin and most other digital currencies provides an alluring feature for scammers to operate. Authorities around the world, however, have started to crack down on cryptocurrency scams to put...

10 Charts Which Show This is Just The Beginning of Crypto

May 13, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Ethereum, Finance, News

The cryptocurrency market has been hailed as a nascent market that continues to experience exponential growth. Though not comprehensive, attempts have been made to define this growth using parameters such as the number of cryptocurrencies listed on the CoinMarketCap, which currently stands at 1,595. Besides listed cryptocurrencies, other parameters of...

Investors Expect Cryptocurrency Market to Recover after UPbit Investigation Woes

May 13, 2018 by Joseph Young at Altcoins, Bitcoin, Commentary, Finance, News, Regulation

The cryptocurrency market has fallen by large margins after UPbit, South Korea’s biggest cryptocurrency exchange and formerly the world’s second-largest trading platform, was raided and investigated by local police on May 11, 2018. Raided, but Far from Finished Investors still expect the market to recover swiftly in the short-term as...

Crypto Fight Club: Experts Square Off Against One Another

Crypto Fight Club Round 2 – Dr. Doom: “Revolution is here but powered by IoT, AI, and Big Data, not Blockchain”

May 12, 2018 by Priyeshu Garg at Bitcoin, Blockchain, Commentary, Finance, News, Tech

Nouriel Roubini, who earned the title “Dr. Doom” after predicting the 2008 financial crisis, acknowledges the financial industry is indeed going through a revolution. However, he holds that this revolution is not being driven by bitcoin or any other blockchain application. The Future of Finance Debating panelists who included Ethereum...

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