• A new Bitcoin conspiracy theory has emerged online, claiming that the cryptocurrency was created by a rogue artificial intelligence. Prowl the dark corners of the internet and you’ll stumble across some pretty wild ramblings. The net has allowed people who once had their opinions confined to friends and family the ability to broadcast their beliefs to the entire world. The world of cryptocurrency has now been submerged into the fantastical world of conspiracy theories. An

    Judgement Day! Conspiracy Group Claims Bitcoin Created by Rogue AI

    | 2018/01/21 12:00 pm
  • Each country has its own systems for tax evaluation and collection, and some countries are stricter than others. One of the major issues governments have with cryptocurrencies is the difficulty in taxing profits made on trading. The United Kingdom’s HMRC (Her Majesty’s Revenue and Customs department) found this out the hard way. Finance experts have warned that a loophole which reduces crypto gains to zero can be exploited on tax returns in the UK. It

    Tax Loophole Found for UK Crypto Profits

    | 2018/01/21 9:00 am
  • Several South Korean exchanges have announced that they will ban foreign residents from trading cryptocurrencies.  Tighter Cryptocurrency Regulations The South Korean government was the cause of major turmoil in the global cryptocurrency market as rumors spread that they were planning to ban cryptocurrency trading across the country. Soon after the news was released, the total cryptocurrency market valuation dropped by almost 50%, causing major financial losses for a lot of traders worldwide. Later, government officials

    South Korean Exchanges Are Barring Foreign Residents from Trading

    | 2018/01/21 3:00 am
  • The cryptocurrency community is celebrating what may have been the first ever transaction on the Bitcoin Lightning Network’s (LN) mainnet. Additionally, the good news is that the Bitcoin payment operation was, “instantaneous and fee-free.” LN Transactions Prove to be Cheap and Faster The cryptocurrency community is becoming increasingly enthusiastic about the LN implementation because it promises to significantly lower Bitcoin’s transaction fees while making possible near-instant transactions. Social media is humming with news references to

    Lightning Network Is Happening! First Physical Item Purchased on LN

    | 2018/01/21 12:00 am
  • At least two US institutions have requested that the IRS propose a definitive structure for taxing cryptocurrencies in the country. As authorities see the lucrative appeal of virtual currencies, they also see that they can benefit from this wealth in some way, specifically through taxing crypto holders. However, even though cryptocurrencies may only have been thrust into the mainstream spotlight last year, taxation queries are not as recent. According to CNBC, Tyson Cross, a US-based tax

    Internal Revenue Service (IRS) Asked to Provide a Clearer Cryptocurrency Tax Framework

    | 2018/01/20 5:00 pm
  • In a recent speech, Natalya Kaspersky, the co-founder of Kaspersky Labs, made the claim that Bitcoin was a project by American intelligence agencies. Cruise around the internet long enough, and you’ll come across a wide range of conspiracy theories. Most of them are pretty outlandish, and the people propagating such claims tend to be of the highly eccentric (to put it mildly) type. Every once in a while, however, a theory is pushed by someone

    Kaspersky Labs Co-Founder Says Bitcoin Created by American Intelligence Agencies

    | 2018/01/20 1:00 pm
  • The mainstream press has a knack for giving airtime to Bitcoin naysayers who repeat the same tired arguments. Here are the top five most common myths presented against Bitcoin and why they are wrong. Bitcoin Uses More Electricity Than [Insert Country] “One Bitcoin Transaction Now Uses as Much Energy as Your House in a Week!” “Bitcoin’s energy usage is huge – we can’t afford to ignore it” “Bitcoin consumes more electricity than Denmark!”  Deliberately eye-catching,

    Debunked: Top 5 Bitcoin Myths & Misconceptions

    | 2018/01/20 10:30 am
  • As the cryptocurrency and blockchain industry moves into the mainstream, more companies and organizations will need to start taking notice to keep up with the latest technology. The latest to acknowledge the ever-growing presence of digital currencies is Weiss Ratings. In a notice on their website, the independent financial ratings agency announced that they were going to issue letter grades on cryptocurrencies. The company, founded in 1971, claims to be America’s only 100% independent ratings

    Weiss Ratings to List Cryptocurrencies

    | 2018/01/20 7:00 am
  • Retailers in Bali are being forced to stop accepting bitcoin at their shops and restaurants. The actions of governments and regulatory authorities in Asia have been a hot topic in the cryptocurrency space over the last few weeks. The recent crash is widely seen as being driven by reports that the South Korean government indicating it is set to crackdown on cryptocurrency usage. A similar concern is hanging over the already heavily regulated Chinese market

    The Indonesian Government Is Cracking Down Further On Bitcoin Use In Bali

    | 2018/01/20 1:00 am
  • Bitcoin Core developer and Blockstream co-founder Greg Maxwell announced he has left the company as criticism mounts over its Lightning Network advocacy. Maxwell: Blockstream Has Been ‘Big Success’ In a circular to the core mailing list Friday, Maxwell said he had opted to “spend more time working independently” on Bitcoin technical advances. “We hoped that Blockstream could help act as an anchor of support for technology development, and in doing so help grow the community. I

    Greg Maxwell Exits Blockstream As Lightning Network Sparks Warnings

    | 2018/01/19 10:30 pm
  • Acquiescing to its clients’ demands, Goldman Sachs reasserted its interest in joining the cryptocurrency bandwagon, during its last earnings call. Goldman Sachs Clients Want Bitcoin-based Services Clients have been requesting the multi-national finance giant Goldman Sachs to participate in the cryptocurrency trading industry. Marketwatch reports that on the earnings call of December 17, 2018, Chief Financial Officer R. Martin Chavez underscored that the most exciting facet of the current craze is blockchain technology: And so

    Goldman Sachs Reaffirms Interest in Bitcoin and Other Cryptocurrencies

    | 2018/01/19 5:00 pm
  • While there’s no doubt that Bitcoin is the currency of the moment, with its value rising from $0.0008 on inception, to a peak of $17,900 in December 2017, one of the biggest concerns that potential investors have is that, in reality, they are difficult to spend. With skeptics referring to horror stories such as the man who spent 10,000 Bitcoins on two pizzas in 2010 (an equivalent cost in today’s market of $20 million), it’s

    Five Ways To Spend Bitcoins in 2018

    | 2018/01/19 4:30 pm
  • A man in Hong Kong was the victim of a Bitcoin robbery as thieves stole $180,000 USD in cash he was planning to buy the cryptocurrency with. What is it about the prospect of making money by buying and selling cryptocurrency that makes people lose their common sense? The latest example of this phenomenon took place in Hong Kong. A man looking to buy bitcoins was lured into an ambush by criminals, in which he

    Hong Kong Bitcoin Trader Attacked and Robbed of $180,000 USD

    | 2018/01/19 3:30 pm
  • The effect this one Southeast Asian nation has upon crypto markets is quite astounding. South Korean exchanges dominate trade in the region, and constant government threats of clampdowns has caused waves of nausea among investors elsewhere on the planet. Contrary to multiple fearmongering reports on mainstream news sites, including Reuters, Bloomberg, and CNBC, South Korea will not close crypto exchanges. In fact, according to the chairman of the South Korean Fair Trade Commission, Kim Sang-jo,

    Impossible to Close Exchanges Say South Korean Regulators

    | 2018/01/19 1:00 pm
  • Bitstamp CEO Nejc Kodrič has sought to distance his platform from Coinbase’s technical problems as exchanges worldwide feel the strain of mass adoption. Bitstamp Prioritizes ‘Good Communication’ In a message to users Thursday, Kodrič sought to reassure traders that despite “lengthy delays” and “satisfaction levels plummeting,” Bitstamp would work to resolve capacity issues. “…The best way to attend to doubts and fears is by providing good communication and constant updates, which is why I want

    Exchange Wars: Bitstamp Calms Users As Blockchain Takes On Coinbase

    | 2018/01/19 10:30 am
  • ICF Church, an evangelical church in Zurich, Switzerland, is set to begin accepting Bitcoin donations from its parishioners. The common assumption with most churches is that they’re conservative and are beholden to time-honored traditions. While this is often true in many regards, a number of churches are actually quite keen on adopting the latest innovations that technology has brought to bear. Case in point is a church in Switzerland that is set to begin accepting

    Hallelujah! Swiss Church to Accept Bitcoin Donations

    | 2018/01/19 8:30 am
  • When markets are volatile and crashes occur, the majority of people are cashing out and taking profits or panic selling. There are some, however, who see opportunity in the sea of red and buy up at lower prices. This is exactly what has been happening in Singapore this week when Bitcoin ATM machines ran dry. According to reports, Bitcoin machines in downtown Singapore sold out of the virtual currency yesterday as prices plummeted below $10,000

    Singapore Bitcoin ATMs Sold Out, Trading Still Allowed

    | 2018/01/19 6:30 am
  • The crypto space is hot property at the moment even in the wake of recent market slumps. More institutionalized finance exchanges and organizations are looking to provide a wider range of products for their clients and these must now include Bitcoin futures. The latest to join the blockchain train is Morgan Stanley. As the first Bitcoin futures contracts expired and were settled this week, the CBoE hailed them a success and a victory for those

    Morgan Stanley Opens to Bitcoin Futures Contracts

    | 2018/01/19 2:30 am
  • A real estate company based in Barcelona, Spain has sold an apartment for Bitcoin as cryptocurrency enters the mainstream.  A New Way To Pay Mister Piso, a real estate company based in Spain, has sold the first piece of real estate using Bitcoin as legal tender. The company is hoping that a shift into cryptocurrency could accelerate sales and revitalize the housing sector. Bitcoin and similar cryptocurrencies have steadily gained popularity since its inception around

    Spain: First Real Estate Sale Using Only Bitcoin in Country

    | 2018/01/19 12:30 am
  • At the end of 2017, signs that Bitcoin was making the jump from a currency used and held only by technology and decentralization enthusiasts to a mainstream asset started to hit the press. The launch of Bitcoin futures on two of the major futures exchanges served up an opportunity for traders and investors that wanted to take a position in the cryptocurrency without having to buy and store bitcoins to do just that and, perhaps unsurprisingly,

    New York Stock Exchange (NYSE) Owner to Launch Bitcoin Data Service

    | 2018/01/18 10:00 pm
  • A new report that analyzes illicit transactions conducted on the blockchain has determined that less than 1% of all Bitcoin transactions are criminal in origin. Elliptic, a UK based cybersecurity firm specialized in creating tools to identify criminality associated with blockchain related transactions, has released a report analyzing the global Bitcoin market with a focus on money laundering. The results somewhat surprisingly find that the much-hyped criminal elements involved in Bitcoin appear disproportionately small, amounting

    New Study Finds Less Than 1% of Bitcoin Transactions To Exchanges Are Illicit

    | 2018/01/18 5:30 pm
  • The Lightning Network now has over 40 nodes and 60 channels running as the long-awaited technology continues to take new strides. A $9500 Lightning Network Data reported on Reddit Thursday shows the propagation of Lightning nodes, which are just beginning to take foot after the so-called ‘layer two’ technology debuted on the Bitcoin mainnet. “I only paid a 0.0003515 BTC (~$4) fee to open the channel! I can’t seem to find those $100+ fees I’ve been

    ‘Unfairly Cheap’ Lightning Network Mainnet Hits 40 Nodes, 60 Channels

    | 2018/01/18 3:00 pm
  • As we’ve started seeing in recent years, blockchain technology genuinely has the potential to change the way we live, and hundreds of startups are spring from almost every corner with the promise of disrupting just about every industry. The success of bitcoin so far in making us how to rethink how we use money offers hope that, if the idea sounds good and it’s well implemented,  it’ll eventually become a success. Based on this fact,

    The Benefits Of Investing In The MoonLite ICO

    | 2018/01/18 2:15 pm