Month: February 2018

Crypto markets have been a little flat over the weekend, and there have been a few small shifts in either direction. Bitcoin has maintained a steady course around the $9,700 mark, fluctuating a couple of hundred dollars both up and down. The lack of momentum has trickled down through the rest of the altcoins, and there really isn’t much going on this morning, apart from in the Litecoin camp. Litecoin is currently up 10% on the day, according to Coinmarketcap. This time 24 hours ago, it was trading at just…

Over the past few weeks, many people have noticed that bitcoin core network fees and transactions times have been a lot better than two months ago when fees reached highs of 1,000 satoshis per byte or $30-40 per transaction. Many people are wondering why these issues have subsided, and some people believe it is due to a practice called ‘transaction batching.’ Also Read: Georgia Lawmakers Propose Tax Amendment That Allows Bitcoin Payments Is Bitcoin Transaction Batching Lowering the Network Fees? For about two weeks or so bitcoin core fees have dropped…

Most can acknowledge the potential use cases of cryptocurrencies and blockchain technologies, but if governments don’t recognize this technology as viable, what are the chances of true adoption? Governments all over the world have conflicting views on the applied use of blockchain technologies in traditional governmental systems. Some governments are afraid as it undermines and poses a threat to their current political and economic systems. They fear the replacement of systems which constrict average citizens and only benefit politicians and large corporations. On the other hand, there are governments who…

Czechs are more inclined to store value in cryptos than in euros, according to a new poll gauging attitudes toward currencies other than the koruna. When asked about their intentions to acquire foreign cash, twice as many respondents said they were interested in buying bitcoin than purchasing US dollars. Also read: Bafin Clarifies Stance on ICOs as More Germans Ask About Tokens Cryptos Considered Hard Currencies Like many other nations, which do not have the luxury of emitting a “hard” national currency, Czechs may consider investing some of their savings…

It has been announced that the Marketing Director of Adastra Marketing, Amelie Arras, will look to defend bitcoin’s crown in the upcoming Money20/20 Asia Payments Race. Mrs. Arras is hoping to repeat her performance from last year, where she defeated four other participants to claim victory for bitcoin in the Money20/20 USA Payments Race. Also Read: Arras Lives on Bitcoin for a Week and Proves Bitcoin Is Gaining Acceptance Bitcoin to Defend Title at Upcoming Payment Race Amelie Arras will look to defend bitcoin’s crown in the upcoming Money20/20 Asia Payments…

Residents from the state of Georgia may soon be able to pay their taxes in bitcoin as two senators have introduced a bill that allows digital currency payments for tax obligations and licensure fees. Also Read: Nasdaq-Listed “Blockchain” Companies Hit With New Legal Troubles The State of Georgia May Allow Residents to Pay Taxes in Bitcoin   Two senators from the state of Georgia, Joshua McKoon and Michael Williams, have proposed a change to the Department of Revenue’s statutes for tax collection and licenses. The bill was submitted on February 21,…

Uzbekistan has taken the road to bitcoin legalization. In accordance with a presidential decree, a law regulating “electronic money” should be prepared by the end of the summer. The Central Asian country is also planning to open a center for distributed ledger technologies. Mining expenses in Uzbekistan are among the lowest in the world, as the country is a leading producer of electricity.  Also read: Kazakhstan, Kyrgyzstan, and Uzbekistan on the Crypto Radar Uzbekistan to Adopt Bitcoin Bill A new decree signed by President Shavkat Mirziyoyev states that Uzbekistan institutions…