#Bitcoin News

Block Size Debate Rehashed: Incentives to Run a Full Node Versus a Low Fee Market

July 10, 2019 by Ashwath Balakrishnan at Bitcoin

Recently, Bitcoin users discovered that many 2 MB blocks were showing up as a result of SegWit adoption and a resulting increase in block capacity. Throughput on the Bitcoin network went from three transactions per second to seven transactions per second for these select blocks. As the block size debate...

Comparing Bitcoin (BTC) Trading with Gambling

July 10, 2019 by Alexei at Bitcoin

There has been an influx of investment into the cryptocurrency space and more people have started trading bitcoin despite a lack of knowledge or experience. Such traders have come under scrutiny because of this reckless attitude. Most of the people branding these overzealous investors as foolhardy believe the risks are...

Physical Bitcoin (BTC) Sold on eBay for nearly $100,000

July 9, 2019 by Edoardo Vecchio at Bitcoin

A super-rare physical bitcoin from the early 2010s which stored the value of a single bitcoin hit the online auction site eBay on July 1, 2019, fetching $99,000 in just a few days. Bullish on Bitcoin On July 1, 2019, a physical bitcoin coin was listed on eBay. The item...

Silhouette with Bitcoin Struck through on a Chalkboard

Bitcoin Too Volatile and Should be Banned according to Aussie Finance “Expert”

July 9, 2019 by Anthonia Isichei at Bitcoin

Noted Australian finance commentator, Peter Switzer believes bitcoin and cryptocurrencies are too volatile to be useful. The founder of the Switzer Financial Group advised governments in a July 8, 2019, blog post quoted by Micky, to either ban or tightly regulate cryptocurrencies. Governments Should Either Ban or Regulate Bitcoin In...

Irani National Flag with Bitcoins Strewn Across

Iran Central Bank Deputy Chief Tells Citizens Trading Bitcoin Is Illegal

July 8, 2019 by Ashwath Balakrishnan at Bitcoin

The deputy governor of the Iranian central bank told media outlets that trading bitcoin and other cryptocurrencies within the country is illegal. Iranian residents took to the pioneer cryptocurrency as a means of securing their wealth as the Iranian Rial depreciated over the past three years, as reported by Tasnim...

India Admits to not Conducting Due Research before Placing Cryptocurrency Ban

India Set to Train Police Officers on Crypto Crime Investigation

July 8, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

In a bid to enlighten high-ranking police personnel on the workings of blockchain technology and equip them with the critical skills required to carry out investigations concerning Bitcoin-linked crimes, India’s national police academy, Sardar Vallabhbhai Patel National Police Academy (SVPNPA), has introduced a new educational course, reports Hard Fork on...

U.S. Households Could Owe $25 Billion in Unpaid Crypto Taxes

Singapore Ponders Bitcoin (BTC) Tax Exemption in Regulatory Scheme

July 8, 2019 by Osato Avan-Nomayo at Bitcoin

Singapore’s government appears set to offer tax exemptions for bitcoin and other cryptocurrencies based on a draft document published by the country’s tax body. The proposed perpetual tax holiday will reportedly apply to virtual currencies deemed to be digital payment tokens and will come into effect in 2020 if approved....

Gen Z kid with blue hair thinking about bitcoin and finding it to be very boring

Survey: Generation Z not that Crazy about Bitcoin

July 8, 2019 by Edoardo Vecchio at Bitcoin

According to a survey conducted by Business Insider, July 5, 2019, the majority of Generation Zers, the demographic cohort after the Millennials, is not very interested in purchasing cryptocurrency anytime soon. Generation Z snubs Cryptos Being born at a certain point in history can decisively influence one's own way...

Bitcoin, Ether, and XRP Weekly Market Update July 8, 2019

July 8, 2019 by Georgi Hristov at Bitcoin

The total crypto market cap added $5.7 billion to its value over last seven days and now stands at $327.1 billion. The top 10 currencies are mostly in green for the same time frame with Bitcoin (BTC) and ether (ETH) being the biggest gainers with 4.5 and 3.8 percent of...

Bitcoin Network “Wastes” More Energy Than Switzerland

July 8, 2019 by Edoardo Vecchio at Bitcoin

The Cambridge Centre for Alternative Finance launched a new real-time index tracking the total electricity consumption of the Bitcoin network. The index, called Cambridge Bitcoin Electricity Consumption Index (CBECI), provides a real-time estimate of the total annual electricity usage of the Bitcoin network and enables live comparisons with alternative electricity uses...

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