This week after a few months of controversy, the owners of Bitcoin.org reverted its descriptions about what Bitcoin is on the website’s front page back to “fast peer-to-peer transactions” and “low processing fees” after removing the descriptions this past January. The front page descriptions were changed by the website’s co-owner, a pseudonym called ‘Cobra Bitcoin,’ who has been a very controversial character in the cryptocurrency community. Also Read: Cryptocurrency Mining Accounted for 10% of AMD’s Overall Revenue in Q1 2018 Bitcoin.org Reverts Back to 2010 BTC Descriptions After Removing Them…
Read MoreMonth: April 2018
School District Forced to Pay $10,000 in Bitcoin Ransomware Attack
The Leominster Public Schools District has become the latest victim of a Bitcoin ransomware cyberattack. The school district was forced to pay $10,000 in Bitcoin to unlock their system. Details of the Cyberattack On April 14th, suspected hackers took over the computer system of the Leominster Public Schools District in Massachusetts, shutting it down. According to Paula Deacon, the superintendent of the school district, a lock was placed on the computer system and a ransom was demanded. Meanwhile, the cyber hijackers stipulated that the ransom should be paid in Bitcoin,…
Read MoreThis Week in Bitcoin: Amazon Wants to Track You and TD Ameritrade Plants a Flag
Over the past few days we learned about how Amazon wants to track your bitcoin transactions, why TD Ameritrade planted its flag in the blockchain, and even how close to reality are flying cars. These stories and many more were covered in this week’s daily editions of Bitcoin in Brief. Also Read: Cryptocurrency Mining Accounted for 10% of AMD’s Overall Revenue in Q1 2018 Snatching Blockchain, Tracking Bitcoin On Monday we reported that online retail giant, Amazon, has obtained a bitcoin tracking patent. The company thinks that by collecting data…
Read MoreCharlie Lee on Selling His Litecoin: ‘It Just Feels Like It’s Not the Right Decision’
In December 2017, Bitcoinist reported that Litecoin founder Charlie Lee had sold or donated his entire Litecoin holdings, in an effort to prove that his continued involvement in the project was no longer motivated by personal financial gain. Now, he’s not so sure that was the right decision. The Right Call? In a streaming YouTube interview on Friday, Lee implied that he holds some regrets about his decision to sell all of his Litecoin in December 2017. During the interview, he stated: I still think it was the right move…
Read MorePR: With MVP and Partnership in Hand, Fixy Network Is Primed to Launch Its Pre-ICO
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Lack of adoption in real life is a persistent reality that cryptocurrency has endured in the last 10 years of its existence. With that in mind, Fixy network aims to facilitate the use of cryptocurrencies in daily life through its versatile, yet user-friendly app which…
Read MoreBitcoin Cash Meetups Grow Wildly Across the Globe
Over the past few months, the Bitcoin Cash (BCH) network has grown immensely as far as infrastructure support, merchant adoption, and the development of interesting on-chain applications. Another metric that’s been growing wildly is the significant increase of BCH focused meetups popping up in countries worldwide as organizers of these groups steadily push bitcoin cash adoption. Also read: Bitcoin Markets Steady for Another Gox Dump, 16,000 Coins Moved by Trustee Bitcoin Cash Meetups See Worldwide Growth There are a lot of ways people can learn and support blockchain technology and…
Read MoreFrance Slashes Cryptocurrency Taxes in Half
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 the sales of cryptocurrencies used to be considered commercial and industrial profits, in the event…
Read MoreSt. Louis Federal Reserve Bank: 3 Qualities Bitcoin and Cash Share
The Federal Reserve Bank of St. Louis has expressed its stance on Bitcoin, laying out three qualities that it shares with cold, hard cash. Earlier this year, the US Internal Revenue Service (IRS) reminded that cryptocurrency transactions are to be taxed just like transactions of any other property. The same release, though, sets a few questions, as the tax collector explains that virtual currencies (not just Bitcoin) function in the same manner as traditional currencies while, at the same time, treating it as property for tax purposes. St. Louis’ Federal…
Read More20MW Solar Farm Set to Power Crypto Mining in Rural Australia
Reports have indicated that planning approval has been granted for a 20-megawatt solar farm that will be used to power cryptocurrency mining and a data center in Collie, Western Australia. Also Read: Bitcoin’s Near Term Fortunes: “Inflows of Big Money,” New Indices Emerge 20MW Solar Farm to Power Cryptocurrency Mining in Western Australia The application for the solar farm has been made a by Hadouken Pty Ltd, which is owned by Australian Ben Tan. Mr. Tan previously co-founded Nasdaq-listed international solar power company, Vivopower International PLC. The solar park will be…
Read MoreHodl in the Codl: Business is Booming for Ugly Bitcoin Christmas Sweaters
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 logos of popular cryptocurrencies such as bitcoin, Ethereum, and Litecoin and retail for $59 each.…
Read More