News.Bitcoin.com Lead Writer Jamie Redman Named One of the Best Crypto Bloggers
Lead Writer at News.Bitcoin.com, Jamie Redman has made Redeeem.com’s list of twelve influential go-to crypto bloggers. Redeeem says the list comprises names behind some of the most informative crypto news articles. In its citation, Redeeem says Jamie Redman, who is … read more.
South Korea to Charge 20% Tax on Bitcoin Profits Under New Law
South Korea will now tax profits made from buying and selling of cryptocurrency at 20% after the government agreed to the decision on Wednesday. The decision was reached after months of debate. According to a taxation policy amendment notice released … read more.
US Regulator Green-Lights Banks for Cryptocurrency Custody Services
The Office of the Comptroller of the Currency (OCC) has clarified that national banks and federal savings associations can provide cryptocurrency custody services for customers. The OCC sees banks providing crypto custody services as “a modern form of traditional bank … read more.
How Billion-Dollar Crypto Scams Lure Victims
In the past week, reports emerged that some key members of the Onecoin scam were found dead in Mexico. According to reports, the two Oscar Brito Ibarra and Ignacio Ibarra may have been kidnapped and murdered but the motives behind … read more.
Us Federal Court Ruling — Bitcoin Is a Form of Money
A US Federal Court said Friday that bitcoin is a form of money covered under the Washington D.C., Money Transmitters Act (MTA). The court made this conclusion as it denied a motion to dismiss criminal charges against Larry Dean Harmon, … read more.
Leadership Feud at Bitmain: 10,000 Antminers Go Missing in Inner Mongolia
Reports detail that 10,000 Antiminers have been allegedly stolen from a Bitmain facility in China. Sources say that the missing mining rigs concern the ongoing power struggle between Bitmain cofounders Jihan Wu and Micree Zhan. Back in mid-June news.Bitcoin.com reported … read more.
Hyperinflation Hits Lebanon: Food Prices Soar 200%, Biggest Crisis Since Civil War
Lebanon has entered hyperinflation, the first country in the Middle East and North Africa to do so. With a 462% annual inflation rate and food prices rising by almost 200% this month, Lebanon has joined Venezuela in hyperinflating. Meanwhile, the … read more.
Live-Streaming Service Twitch Gives Subscribers 10% Discount if They Pay With Cryptocurrency
The live-streaming service Twitch is now offering a 10% subscription discount for people who register with cryptocurrency. The new offer from Twitch leverages the Bitpay payment processor, as this is the first crypto-based discount promotion from a company of this … read more.
Cyclebit Empowers Retailers to Accept Crypto Payments In-Store, Online and On-The-Go
Cyclebit is a crypto payment processor that allows merchants to easily accept digital assets payments anywhere, in both offline and online environments. It is a global company already established in Canada, the U.S., Europe, and Southeast Asia. Cyclebit currently supports … read more.
29 Cryptocurrencies Delisted on Liquid Exchange to Comply With Singapore’s FATF Crypto Regulation
A major Japanese cryptocurrency exchange, Liquid, has delisted 29 cryptocurrencies to comply with the crypto regulation in Singapore in an effort to become a licensed crypto exchange operator in the country. Singapore has been enhancing its crypto regulation in line … read more.
Americans to Buy Bitcoin With Their Second Stimulus Checks After Initial Investment Turned in 50% Profit
U.S. investors may be planning to use their second $1,200 stimulus money to buy bitcoin – again. The U.S. government is, on Monday, expected to approve plans for this second payout, White House officials have confirmed. The bailout is intended … read more.
Bitcoin Fees Skyrocket 590% Since Mid-June – Supporters Think Mempool Size Is ‘Bullish’
Bitcoin fees have grown much larger in recent days spiking to a two-month high to $3.80 per network transaction. The crypto asset’s fees have jumped 590% since June 14 and the mempool (transaction backlog) has grown significantly. Digital currency markets … read more.
Hackers Transfer $28 Million Worth of Bitcoin from 2016 Bitfinex Breach
Around 2,500 stolen bitcoins ($28 million) from the 2016 Bitfinex breach were transferred from the hacker’s wallet on Monday. The last time the Bitfinex hackers moved funds from the hack four years ago, they moved around $5 million worth of … read more.
Ignorance and Greed Sustain Cryptocurrency Scams in Nigeria
Nigeria is not only Africa’s biggest cryptocurrency market but is also a leading adopter of digital currencies globally. Official figures show the country is well ahead of fellow African countries. Citizens of the West African state use cryptocurrencies for cross … read more.
Goldman Sachs Warns US Dollar Risks Losing World Reserve Currency Status, Gold and Bitcoin Soar
Goldman Sachs has warned that the U.S. dollar may lose its status as the world’s reserve currency. The investment bank is bullish on gold as fears over governments debasing their fiat currencies grow and real interest rates are pushed to … read more.
Swiss Exchange SIX Lists Actively Managed Bitcoin Exchange-Traded Product
Switzerland’s principal stock exchange SIX Swiss Exchange is listing a new bitcoin exchange-traded product (ETP). The BTCA index, otherwise known as the “Bitcoin Capital Active ETP (BTCA),” is different from other crypto ETPs exchanged on SIX because it’s an “actively … read more.
Coinbase Sees More Institutional Investors Buying Bitcoin in H1
Coinbase says more institutional investors are now using its platform to build direct positions in the cryptocurrency market. Crypto fund managers are now getting more backing from institutional investors that see the crypto market as an alternative investment strategy. In … read more.
Bakkt Futures Volume Hits $122 million, as Bitcoin Reached New 11-Month High
Volumes on bitcoin futures offered by Bakkt set a record high on July 27, with 11,500 contracts traded on the institutional exchange. Altogether, the contracts are worth about $126 million, at the time of writing. Each contract is equivalent to … read more.
Bitcoin’s Current Breakout Sets It up for $28,000, Headed for Six Figures – Max Keiser
Max Keiser has predicted that bitcoin’s current bullish pattern will lead toward a price of $28,000. While the bitcoin bull does not give a timeframe when this is likely to happen, he believes that, thanks to relentless government money printing, … read more.
Crypto Hardware Wallet Firm Ledger Hacked, One Million Customer Emails Exposed
Ledger said on Wednesday that its e-commerce database was hacked in late June, compromising about one million email addresses. No user funds were affected by the breach. In a blog post, the French bitcoin hardware wallet company revealed that contact … read more.
Power Plants in Iran Now Authorized to Mine Bitcoin
Power plants in Iran are allowed to mine cryptocurrencies, the deputy head of the country’s Power Generation, Distribution, and Transmission Company (Tavanir) has reportedly confirmed. Mostafa Rajabi Mashhadi, deputy head of Tavanir, explained that entities have to apply for the … read more.
93% of Bitcoin’s Supply Profitable at $11K, ‘Realized Price’ Recovers from Black Thursday
Onchain data shows that bitcoin’s breakout above $11,000 puts 93% of the circulating supply in a state of profit. Additionally, seven-day metrics show that bitcoin’s “realized price” has recovered from the low that took place on March 12. The research … read more.
Ethereum Price Creates GPU Shortage, Some Manufacturers Blame Nvidia
During the last four weeks, cryptocurrency markets have gathered significant value, and the crypto asset ethereum gained over 40% during the last 30-days. The price of ether moving northbound has caused a strain on the graphics processing unit (GPU) market, … read more.
Novogratz: Global ‘Liquidity Pump’ Will Keep Bitcoin Rising, Price to Hit $20K This Year
Billionaire investor Michael Novogratz said global “liquidity pump” from stimulus packages will keep driving bitcoin’s price higher. He expects the price of bitcoin to reach $20,000 this year, fueled by retail investors shifting to the cryptocurrency. Mike Novogratz’s Bitcoin Prediction … read more.
The Onecoin Debacle: Indictments Unsealed, 2 Dead in Mexico, Story Gets ‘Darker’
The Onecoin fiasco is still making headlines these days as a number of alleged money laundering companies were exposed on July 25, two Onecoin leaders were recently killed in Mexico, and the British author Jamie Bartlett revealed a new “Missing … read more.
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Author: Kevin Helms