#money News

Bitcoin Standing Under a Measuring Stick

Bitcoin Is now the 8th Largest Currency in the World

June 20, 2019 by Edoardo Vecchio at Bitcoin

Bitcoin has overtaken the Russian Ruble and the Korean Won to become the eighth largest currency in the world by monetary base. Bitcoin Exceeds Korea's Monetary Base According to a chart released June 18, 2019, from Crypto Voices, bitcoin is now the eighth largest currency in the world by monetary base...

Long-Term Bitcoin Dominance Index is on a Decline

Has the Rise of Bitcoin Forced the Swiss to Rethink Money?

June 5, 2018 by Jamie Holmes at Bitcoin, Commentary, Finance, News

Crypto-friendly Switzerland faces a referendum on June 10 that could fundamentally change the concept of money in the small European nation. With the rise of bitcoin as a permissionless, decentralized alternative to national currencies, have the Swiss been forced to rethink what money really is? The rise in the popularity...

Bitcoin Banknotes of Low Value Launched in Singapore

May 8, 2018 by Pratik Makadiya at Bitcoin, Finance, News

The sovereign city-state Singapore is going to be the first country to issue bitcoin (BTC) banknotes or smart notes for hardware storage. Tangem, the company behind the notes, announced the launch on May 3 at the Megafash Suntec City store in the island nation. Tangem’s banknotes are available in lower...

Why Do People Trust Satoshi Nakamoto More Than the Federal Reserve?

April 16, 2018 by Jamie Holmes at Bitcoin, Commentary, News

On April 9, the chief of the NYSE declared that crypto trading is an area that they cannot ignore, and stated that people trust the mysterious creator of Bitcoin, Satoshi Nakamoto, more than they trust the Federal Reserve (or ‘the Fed’), the central bank of the world’s largest economy. In...

IRS Reminds Taxpayers to Report Their Bitcoin and Altcoin Transactions

March 25, 2018 by Cindy Huynh at Altcoins, Bitcoin, Finance, News

The Internal Revenue Service (IRS) released an official reminder to taxpayers that they need to report any income in the form of virtual currencies on their income tax returns. On March 23, 2018, the IRS deemed that cryptocurrency transactions are taxable by the law. Any taxpayer who does not report...

Bitcoin Misery Index Tells You When to Buy Bitcoin

21 Percent of College Students use Their Loans to Invest in Cryptocurrencies

March 24, 2018 by Shaurya Malwa at Altcoins, Bitcoin, Finance, News

Bitcoin and crippling student loans, the two things which are defining the financial futures of most college students in America. According to a survey held by Student Loans.net, college kids are using money from their student loans to buy bitcoin and other digital currencies. The Student Loan report polled over...

Twitter CEO Jack Dorsey Just Made a Bold Prediction about Bitcoin’s Future

March 22, 2018 by Priyeshu Garg at Bitcoin, Commentary, Finance, News

Give it another ten years and bitcoin will emerge the single currency of the internet, as opposed to more than 1,000 different digital tokens circulating today. As for fiat-equivalence, the most widely used cryptocurrency in the world could even overtake the U.S. dollar in importance. Skeptical as you probably are...

Crypto Without Crypto: Designing A Bitcoin-like System for Prisons

March 22, 2018 by Robert DeVoe at Bitcoin, Commentary, Finance, News

Charlie Schrem, the former CEO of bitcoin startup BitInstant, went to prison a few years back. It was found in 2014 that his service was used to facilitate illegal transactions on the former Silk Road black market. Charlie went to prison in 2015 for this, and so like any true...

Idealism Alive and Well in Berlin's Bitcoin Scene

Bitcoin Transactions to Be Treated as Legal Tender for Tax Purposes in Germany

March 2, 2018 by Liam J Kelly at Bitcoin, Business, Finance, News, Regulation

In yet another forward-thinking maneuver, the German Federal Ministry of Finance has released a report on Tuesday, February 27, outlining taxable events regarding bitcoin payments. Specifically, the financial authority looked into how to tax miners, cryptocurrency transactions, and the taxable role that exchanges play in the ecosystem. Whatsmore, the document...

Bill Gates’ Three Attributes of Bitcoin: Risk, Volatility, and Death

March 1, 2018 by Rahul Nambiampurath at Bitcoin, Commentary, News

Microsoft co-founder and the world’s former richest man Bill Gates has raised concerns about cryptocoins being used for financing criminal and other illegal activities. During a Reddit ask me anything session (AMA) on February 27, 2018, he squarely blamed cryptocurrencies for causing death in a fairly direct way. His remarks...

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