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U.S. Accounting Firm H&R Block Offers Cryptocurrency Tax Consulting

September 25, 2019 by Aisshwarya Tiwari at Bitcoin

H&R Block, a New York Stock Exchange-listed global consumer tax services provider, on September 24, 2019, announced the launch of a new consumer service that would aid people engaging in digital currency transactions correctly file their crypto gains and losses with the Internal Revenue Service (IRS). Filing Crypto Tax Made...

SEC Defers Judgement on Wilshire Phoenix ETF, Again

September 25, 2019 by Ashwath Balakrishnan at Bitcoin

An expected turn of events has once again occurred as the SEC released a public filing stating their intent to gather more public commentary on Wilshire Phoenix's Bitcoin ETF proposal before coming to a conclusion, September 24, 2019. It is worth noting Bitwise's ETF proposal was not addressed, and this...

Bitcoin being absolutely electric and gold

Welsh Cryptocurrency Insurance Startup Coincover Protects Digital Funds from Theft or Loss

September 24, 2019 by Edoardo Vecchio at Bitcoin

Welsh startup Coincover, which specializes in digital asset insurance, has been selected by the UK’s Department for International Trade (DIT) as one of the best insurtech companies for their 24/7 crypto-monitoring service. Secure Your Crypto, Even Online One of the first hurdles when approaching the world of cryptocurrencies is certainly...

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The Cycle of Traditional Economic Manipulation is an Opportunity for Cryptocurrencies

September 24, 2019 by Ashwath Balakrishnan at Bitcoin

One of the primary reasons that Bitcoin bulls are so full of hope and euphoria is the constant manipulation and complexity in global economics. Central banks are constantly changing their outlook and looking for ways to either inject or withdraw liquidity from the market. According to a piece by Forbes, this poses...

BKL looking at an invoice settled with satoshis

Accountancy Firm BKL to Accept Bitcoin to Settle Invoices

September 24, 2019 by Aisshwarya Tiwari at Bitcoin

In a major development for cryptocurrency adoption, Cambridge-based accountancy firm BKL announced on September 23, 2019, that it would be accepting bitcoin (BTC) as fee payment to settle invoices. BKL Embraces Digital Money Spearheading the digital currency adoption race in the U.K., mid-sized accountancy firm BKL declared on September 23...

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Swiss Investor at Sygnum Reflects on Cryptocurrencies as an Opportunity for Banks

September 23, 2019 by Edoardo Vecchio at Bitcoin

Peter Wuffli, a Swiss banker who has worked at UBS as CEO for several years, spoils his vision of the cryptocurrency ecosystem and his new role at Sygnum in an interview published by finews, September 23. Informed Opinion Finews.com, Switzerland's leading news site for the financial sector, published an interview...

Fake Kate Winslet BBC Interview Promotes Fraudulent Bitcoin Scam

September 23, 2019 by Anthonia Isichei at Bitcoin

Hollywood actress Kate Winslet is looking to sue a group of bitcoin scammers who impersonated her to get money from unsuspecting investors. According to a report on September 23, 2019, the schemers alleged that the actress made her fortune through cryptocurrency investments. Tip of the Iceberg A group of online...

Blackstone CEO Brands Blockchain as Interesting, Promises to Never Purchase Bitcoin

September 23, 2019 by Ashwath Balakrishnan at Bitcoin

Stephen Schwarzman, CEO of investment firm Blackstone, has offered his thoughts on the euphoria regarding blockchain and bitcoin. Schwarzman labeled bitcoin an 'odd' investment but admitted that the notion of a blockchain is quite interesting and sound, as reported by Forbes, September 22, 2019. Another Banking Veteran Against Bitcoin It comes...

Bakkt Confirms Launch of Futures on September 23

Bakkt Futures Contracts Launch, Trading Goes Live

September 23, 2019 by Ashwath Balakrishnan at Bitcoin

The much-awaited launch of Bakkt was successfully completed, with contracts for institutional participants available for trade over the platform. A Bloomberg report highlighted the different types of contracts to be launched and what's next on Bakkt's agenda, September 23, 2019. The Road to Physical Settlement Bakkt's journey so far has by...

Bitharp’s Newest Cryptocurrency Miners are a Resounding Success

September 23, 2019 by Aisshwarya Tiwari at Bitcoin

New Zealand-based cryptocurrency mining equipment manufacturer Bitharp on September 22, 2019, stated that its two newly released crypto mining rigs – Lyre Miner and Harp Miner – are becoming increasingly popular in terms of return on investment among both, seasoned and amateur digital currency miners. Bitharp Changing the Cryptocurrency Mining...

SEC Chairman Believes Bitcoin Needs Further Regulation for Major Public Exchange Listing

September 20, 2019 by Edoardo Vecchio at Bitcoin

According to a press release dated September 19, 2019, published on Nasdaq.com, U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton believes bitcoin needs further regulatory infrastructure before being listed on major exchanges. Sec Addresses Bitcoin Regulatory Weaknesses A few days after having brought to the court ICOBox, SEC comes...

Bitcoin ATM Count Grows by 500% in Three Years

September 20, 2019 by Osato Avan-Nomayo at Bitcoin

The Bitcoin ATM scene continues to see impressive growth figures pointing to increasing demand and profitability of the business. Bitcoin mapping platform “bitrawr” says there has been a six-fold increase in the total global crypto ATM count since September 2019. Meanwhile, regulators are beginning to shine the spotlight on crypto...

Patrick Byrne Liquidates Overstock Stake for Gold, Silver and Cryptocurrency

September 20, 2019 by Ashwath Balakrishnan at Bitcoin

Ex-Overstock CEO, Patrick Byrne, has liquidated his $90 million stake in the company in order to fund investments in bullion and cryptocurrency. According to Bloomberg, Byrne did this to "battle the deep state" that he reportedly helped in an investigation against a Russian activist who is currently in prison for...

Arab Bank Switzerland to Offer Bitcoin Custody and Brokerage Services

September 20, 2019 by Edoardo Vecchio at Bitcoin

According to a report published by swissinfo.ch on September 19, 2019, Arab Bank Switzerland has joined the list of established banks which offer access to digital asset products. A New Bank in the Crypto Sphere Arab Bank Switzerland, a bank specializing in private banking and trade financing, has partnered with...

Bitcoin’s Hash Rate Has Grown 61% in the Last Month, Breaks Above 100 EH/s

September 20, 2019 by Ashwath Balakrishnan at Bitcoin

Hash power on the Bitcoin network has been soaring since May of this year. In the last month alone, Bitcoin has gone from a hash rate of 63.79 million EH/s to 102.85 EH/s. This massive increase directly signals major interest in mining as the block reward halving approaches with less...

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