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Indian Businessman Accuses Police of Kidnapping Him Over 200 Bitcoin

April 12, 2018 by Rahul Nambiampurath at Bitcoin, Business, Commentary, News

The Crime Investigation Department in India’s western state of Gujarat has filed a first investigation report (FIR) against ten police officers. The ten Gujarat state policemen have been accused of kidnapping, corruption and alleged extortion of a local businessman. According to the victim’s statement, he paid a ransom of 200...

Bitcoin Exchange Bittrex Reopens Registrations and Unveils New Design

April 12, 2018 by contributor at Altcoins, Bitcoin, Business, Finance, News

After four months of pausing new user registrations for a framework upgrade, Bittrex reopened registrations on April 10. However, the influx of new users caused a server overload ten minutes after the site went live, indicating a huge demand in the platform’s service and interest in bitcoin and altcoins. Earlier...

Bitcoin Mining Manufacturer Canaan Creative Seeks IPO to Fuel Growth

April 12, 2018 by Cindy Huynh at Bitcoin, Business, Finance, Mining, News, Regulation

China’s second-largest Bitcoin mining hardware producer Canaan Creative is seeking an initial public offering (IPO) on a foreign stock exchange, including Hong Kong or the United States. The company accounts for around 25 percents of total machines mining bitcoin in the network. Failed Attempt to List on Shenzhen Stock Exchange...

Traders Are Protesting: Polish Government Wants to Tax All Crypto Transactions

April 12, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Finance, News, Regulation

A recent tax ruling issued by the Polish Finance Ministry is causing renewed friction between the government and cryptocurrency traders. Digital currency traders in the country are protesting against the stipulation issued by the government which states that taxes will be levied all crypto transactions irrespective of whether a profit...

Finance Pros Hop On Bitcoin Bandwagon: Dump Wall Street For Crypto

April 12, 2018 by Samantha Chang at Altcoins, Bitcoin, Business, Commentary, News

Move over, Wall Street. Cryptocurrency is the new kid on the blockchain. And a tidal wave is ushering investment banking veterans to hop on the bitcoin bandwagon. Goldman Sachs executive Richard Kim has just joined Galaxy Digital, the cryptocurrency merchant bank founded by former hedge fund manager Mike Novogratz. Novogratz,...

The Strength and Survival of Japan in the Cryptocurrency Sector

April 11, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Business, Commentary, News, Regulation

Despite the Mt. Gox scandal taking place in Japan and tarnishin the image of cryptocurrencies, the Asian powerhouse is increasingly becoming an epicentre for bitcoin and cryptocurrency; from pioneering regulation and legislation to the swelling adoption, here we provide an overview of the history of the crypto sector in Japan....

European Law Enforcement Agents Crush Crypto Savvy Drug Syndicate

April 11, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Commentary, Finance, News

In life, some things will never change. Since the days of Joaquin "El Chapo" Guzman - the infamous drug lord considered the most powerful opiate trafficker in the world by the United States Department of the Treasury - there have been thousands of drug syndicates all over the world. As...

‘Matreon’ May Soon Reward Creators via Bitcoin’s Lightning Network

April 11, 2018 by Liam J Kelly at Bitcoin, Blockchain, News, Tech

On April 6, 2018, Sjors Provoost, a physicist who has now turned his attention to Bitcoin, tweeted the details of an experimental crypto platform similar to Patreon. Described as “a self-hosted platform to receive recurring donations” Provoost is looking to develop a censorship-resistant market equivalent based on the Lightning Network,...

Man sitting down calculating bitcoin Tax

Own a Crypto Mining Rig? Here’s How You Save On Tax

April 11, 2018 by contributor at Altcoins, Bitcoin, Business, Finance, Mining, News

In cryptocurrencies like bitcoin and ethereum, the most important people in each transaction are miners. They keep the network up and running and, in exchange for their volunteered computing power, receive a small amount of the currency as a reward. However, miners are mainly confused when it comes to tax...

eCoinomic.net Platform MVP is Successfully Presented at the Blockchain Tomorrow 21 Conference, Seoul: One month before the schedule

April 11, 2018 by Guest Post at Press Releases

We are pleased to announce that we have publicly demonstrated and trial tested the eCoinomic.net crypto-backed loans Platform MVP within the Blockchain Tomorrow BTC21 conference in Seoul, South Korea. The principal functions of the service are implemented in the eCoinomic.net platform MVP: a transit of cryptocurrency, smart contract functionality and...

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