• Venezuela is leveraging its oil wealth to shoehorn president Nicolas Maduro’s Petro cryptocurrency into foreign markets. Coinsecure Goes For Petro? The practice came to light following local media in India reporting Caracas had offered a 30% discount on its crude oil imports if the government paid in Petro. At the same time, a delegation visited India in March and came to an agreement with embattled local Bitcoin exchange Coinsecure to offer the trading of Petro

    Venezuela Touts Petro To India, Coinsecure With 30% Oil Discount Promises

    | 2018/05/01 7:00 pm
  • Founders Fund, a VC firm backed by billionaire Peter Thiel has invested in a Tagomi System, a new startup that helps big investors trade bitcoin. Greg Tusar, the former electronic trading chief at Goldman Sachs is reported to be one of the startup’s co-founders. Simplifying the Trading Process for Institutional Investment Executing large orders in the crypto market is a tedious process. This is due to the fragmented nature of the cryptocurrency market. There are numerous

    Peter Thiel Backs Startup That Helps Big Investors Buy Bitcoin

    | 2018/05/01 2:00 pm
  • France is to tax gains from cryptocurrency sales as capital gains of “movable property.” The country has moved to reduce the rates from up to 45% to a flat 19%. A Bit of History Earlier this year, the High Administrative Court of France was seized on behalf of several taxpayers, challenging the instituted regimen, in force since July 2014, related to taxation of bitcoin and other cryptocurrency-related transactions. Under the aforementioned tax legislation, gains from

    France Slashes Cryptocurrency Taxes in Half

    | 2018/04/29 2:00 am
  • Hodlmoon is making ugly Christmas sweaters a year-round fashion statement with their own “ugly cryptocurrency sweaters”, and the company says business is booming. Implementing Sweaters On the Blockchain UglyChristmasSweater.com is one of a multitude of companies to venture into the cryptocurrency space lately, but not in the traditional sense. The sweater company’s spinoff firm, Hodlmoon, launched in October of last year and has been a hit among cryptocurrency enthusiasts. The fully-knit sweaters are adorned with the

    Hodl in the Codl: Business is Booming for Ugly Bitcoin Christmas Sweaters

    | 2018/04/28 10:00 pm
  • China once had a bitcoin ATM, back when the country actually allowed cryptocurrency trading and the yuan dominated all other fiat currencies in the global bitcoin market — but what happened to it once the country banned bitcoin? A Lonely Survivor China’s lone bitcoin ATM no longer operates in the restrictive country, but that doesn’t mean it no longer exists. As reported by Quartz, the Shanghai-based Jiefang Daily recently went down to the headquarters of BTCC,

    What Happened to China’s Lone Bitcoin ATM?

    | 2018/04/27 11:00 pm
  • Philippines will move to allow the operation of 10 virtual currency and blockchain companies in its economic zone. By doing so, it provides them with a wide leeway for improvement as they’d be able to take advantage of certain tax benefits. In an attempt to generate employment and drive the country’s economy forward, the Government of the Philippines announced that it’s giving the go-ahead to 10 cryptocurrency and blockchain companies to take full advantage of

    Philippines Loosens Grip, Allows 10 Cryptocurrency Companies to Operate in Economic Zone

    | 2018/04/27 7:00 pm
  • Amid talk of Bitcoin prices rebounding, the best performing asset in the world year to date is in fact not Bitcoin… but Binance Coin (BNB). 75% Gains Since January The token of what is now the world’s biggest cryptocurrency exchange has gained almost 75% since January 1, far outpacing extant assets such as Bitcoin and Ethereum. As online commentator BambouClub noted citing the data from Blocklink.info, BNB even beat Netflix, Twitter and Amazon to deliver

    Binance Coin Outperformed Everything So Far in 2018

    | 2018/04/25 5:30 pm
  • Goldman Sachs has had its feelers in the cryptocurrency waters for a while. Now, the Wall Street giant looks set to take the plunge, having just hired a cryptocurrency trader to help the company expand into digital asset markets. High Profile Hire With Bitcoin looking rather bullish once more, Goldman Sachs is getting serious about cryptocurrency. Goldman Sachs has hired former trader Justin Schmidt to head the multinational investment bank’s and financial services company’s digital

    Goldman Sachs Hires Crypto Trader ‘In Response to Client Interest’

    | 2018/04/24 11:00 am
  • While countries around the world argue and dither over how to effectively control, manage, or ban cryptocurrencies, the tiny Mediterranean island of Malta is looking to become the blockchain capital of the world. Valour and Firmness (and Crypto) When it comes to effective cryptocurrency regulation and encouragement, Malta is years ahead of (most of) the competition. As noted by Bloomberg, the island nation’s Prime Minister, Joseph Muscat, has claimed that cryptocurrencies are “the inevitable future of

    Malta’s Prime Minister: Cryptocurrencies Are ‘Inevitable Future of Money’

    | 2018/04/23 7:30 pm
  • In an attempt to halt a currency crisis, and over concerns related to money-laundering, the Central Bank of Iran has banned the banks of the country from dealing in virtual currencies such as Bitcoin. The Central Bank of Iran (CBI) has moved to prohibit banks from taking transactions which enable the buying, selling, or the promoting of virtual currencies. The bank’s move was reported on Sunday by the Islamic Republic News Agency (IRNA). As reflected

    Iran Bans Banks From Touching Bitcoin

    | 2018/04/23 3:30 pm
  • The Lightning Network has almost doubled the amount its capacity in two weeks this month as more and more users expand the protocol. Lightning: 2 Weeks, 2x Capacity Data showing current activity on Lightning’s Bitcoin mainnet implementation reveals a network capacity of $148 million, up from $80 million April 10. At one point, over 2000 active public nodes were available to process transactions, which can confirm almost instantly for a fee of less than one

    Bitcoin Lightning Network Matures With Record 2000 Nodes, $150K Capacity

    | 2018/04/23 9:30 am
  • Coinbase is about to cease delivering services that are essential for CheapAir to continue accepting payments in Bitcoin. As a result, the company is asking its Bitcoin customers help to find an alternative. Moreover, once CheapAir finds a replacement for Coinbase, it intends to also accept other cryptocurrencies such as Bitcoin Cash, Dash, and Litecoin. CheapAir Customers to Help Improve Digital Currencies Processing Today, CheapAir is facing a significant challenge to its ability to continue

    Coinbase Leaves CheapAir Hanging

    | 2018/04/21 11:00 pm
  • Since Square, Inc. added Bitcoin trading capabilities to its payment app, the value of its stocks has increased spectacularly. Dan Dolev, an analyst at Nomura Instinet, believes this ascending trajectory will most likely continue. As a result, Nomura Instinet raised its Square target price to $65 USD. Bitcoin Makes Square Profitable Dan Dolev predicts a “sizable boost” to Square’s revenues and profits in the first quarter, thanks to Square having added Bitcoin trading features on

    Bitcoin Boosting Square Earnings

    | 2018/04/20 6:30 am
  • BitDegree, a Lithuanian cryptocurrency startup, hopes to help change the face of online education through their online platform and cryptocurrency. So What is BitDegree? BitDegree is an online platform, with its own native cryptocurrency, that was founded at the start of 2017. BitDegree intends to revolutionize how education functions today and allow prospective users to learn technology-based skills through online courses. BitDegree utilizes companies looking to hire employees to help fund online courses for such

    Cryptocurrency Startup BitDegree Pays Students To Learn

    | 2018/04/20 12:30 am
  • The CEO and co-founder of cryptocurrency exchange Kraken defended the company’s refusal to comply with a regulatory “questionnaire” sent by New York lawmakers. Kraken Rails Against Attorney General’s ‘Disrespect’ In comments, which contrasted with the other 12 exchanges targeted by New York Attorney General Eric T. Schneiderman’s “Virtual Markets Integrity Initiative,” Jesse Powell said Kraken would not hand over any information about its business. When it launched the Initiative April 17, Schneiderman’s office explained it

    Kraken CEO: We Won’t Give Info To ‘Audacious’ New York Regulators

    | 2018/04/19 6:00 am
  • Peer-to-peer Bitcoin trading platform Localbitcoins is causing controversy on social media after users complained about surprise anti-money laundering (AML) and know-your-customer (KYC) measures. AML/KYC: First Advertisers, Now Everyone? A thread on the r/Bitcoin subreddit currently gaining significant exposure focuses on new obligations for Localbitcoins users wishing to advertise trades or who have “significant” trade volumes. While the platform has not released official material regarding updates to its regulatory compliance policy, it now appears that depending

    Localbitcoins Now Demands ID For ‘Significant’ Trade Volumes

    | 2018/04/17 10:00 am
  • Kraken, the US-based cryptocurrency exchange, has announced their plans of ceasing all of their trading operations in Japan in the near future.  Release the Kraken . . . From Japan! The Kraken exchange, one of the larger cryptocurrency exchanges in existence, has just announced that they will be leaving the Japanese market for the time being. In a report published by Bloomberg, Kraken stated: Suspending services for Japan residents will allow us to better focus

    Kraken Exchange Decides to Close down Japanese Operations

    | 2018/04/17 4:00 am
  • With the rise of cryptocurrency, many people have staked out their position to belonging to one of two camps: virtual currencies or fiat. However, a bridge between these camps is emerging as ETHLend is adding crypto-to-fiat to their loan options. On Friday, popular cryptocurrency lending platform, ETHLend, announced plans to introduce fiat financing to their lending system. This announcement came after copious amounts of requests from the ETHLend community for the addition of this branch

    ETHLend Announces Support for Crypto-to-Fiat Lending

    | 2018/04/16 1:00 pm
  • Venezuela Localbitcoins users traded a record 2.7 trillion bolivars in the week ending April 14, new data shows. $55 Million A Week In Bitcoin Coming just after the debt-ridden country’s parliament formally approved a law requiring all government institutions to accept its Petro cryptocurrency by July, the astonishing numbers dwarf any other week since records began in 2013. Trading figures are compiled by monitoring site Coin Dance, which uses official exchange rates for the US

    2.7 TRILLION Bolivars: Venezuela Bitcoin Trading Hits All-Time High

    | 2018/04/16 7:00 am
  • Public demand for Bitcoin ATMs continues to grow in the U.S. In response, and after a reportedly successful Q1, Coinsource, one of the largest Bitcoin ATM networks, is now deploying twenty machines in the Washington, D.C. metropolitan area. Bitcoin ATM Installations in the U.S. Capital Bitcoin user demand is pushing Coinsource to expand its services. Thus, on April 12, 2018, Las Vegas, Nevada-based Coinsource announced that it will install 20 Bitcoin ATMs across the District

    Coinsource Is Deploying Bitcoin ATMs In the U.S. Capital

    | 2018/04/15 12:00 am
  • High interest rates, as well as fees, charged from customers who’ve used their credit cards to purchase cryptocurrencies, have given merit to a full-fledged lawsuit filed against JP Morgan Chase & Co. Going Class-Action Brady Tucker claims JP Morgan Chase & Co has started treating his cryptocurrency purchases as cash advances back in January when, instead, they should have been regarded as buys. Due to this, the bank has supposedly started charging him with additional

    JP Morgan Chase Sued For Overcharging Cryptocurrency Buyers

    | 2018/04/12 5:30 pm
  • Bitcoin fees and scalability problems were all the talk just a few months ago, but since then, major moves were made towards making sure that these problems do not arise in the future. Transaction fees are now over 95% lower than the levels seen in late December 2017. Over the recent months, immense moves have been made towards reducing Bitcoin fees while making the cryptocurrency more efficient and accessible to larger parts of the public.

    $50 Bitcoin Transactions Fees: Are They Long Gone?

    | 2018/04/11 1:30 pm
  • According to some Bitcoin bears, we’re a long way from the floor — but that hasn’t stopped the world’s ultra-rich from buying the dip, including George Soros and the Rockefeller family. ‘Essentially Worthless’ Recent news has suggested some big-time institutional investors are taking an interest in Bitcoin and other cryptocurrencies ignoring the Bitcoin bears. According to Capital Economics, a London-based investment research firm, the world’s largest cryptocurrency by market capitalization is set to get slaughtered in

    If Bitcoin is ‘Essentially Worthless,’ The Ultra-Rich Didn’t Get the Memo

    | 2018/04/08 1:30 pm