Category: Uncategorized

This week Colorado House Representative Jared Polis sent a letter to the U.S. House Committee on Ethics asking the organization to propose statutes that require government employees to declare their bitcoin and digital currency holdings. Also Read: India’s Tax Department Issues Notices to 100,000 Crypto Investors House Representative Jared Polis: ‘Government Employees Should Report Any Virtual Currency Holdings’ U.S. bureaucrats are ramping up efforts to try and regulate the decentralized currency bitcoin and the slew of other cryptocurrencies that exist. On February 5, the House Representative Jared Polis who is known…

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Armenia may soon follow in the footsteps of countries like Belarus in regards to crypto regulation. Newly proposed legislation provides the basis for legalizing and regulating cryptocurrency mining in the country. Tax exemptions and other incentives will be offered to miners. If the draft law is adopted, businesses will be able to operate mining facilities without any licensing. This will indirectly legalize cryptocurrency transactions.    Also read: Another Post-Soviet Jurisdiction Welcomes Crypto Miners Time to Move with the Times The bill to regulate the mining of cryptocurrencies like bitcoin has…

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Over the past few weeks, bitcoin markets have slid from the near $20K price region all the way down to $6K territory and there’s one crowd who is loving it every time bitcoin’s value dumps. The group called ‘Buttcoiners’ stem from the Reddit forum /r/buttcoin, and anytime something bad happens to bitcoin this band of proud internet trolls celebrate. Also Read: Besides the Meme Jokes Crypto-Enthusiasts Are Actually Buying Lamborghinis Over 18,000 Shills The Reddit forum /r/buttcoin has been around for years now trolling bitcoin enthusiasts anytime the community receives negative…

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This Friday the Japanese exchange Coincheck has announced the resumption of yen (JPY) withdrawals will begin next week. The news follows the trading platform halting operations on the 26th of January. That day Coincheck was hacked and lost a total of 523,000,000 XEM, but the exchange promised to pay back the 260,000 customer accounts that were compromised. JPY withdrawals will be enabled for the trading platforms users beginning February 13, 2018. Also Read: Japanese Crypto Exchanges Strengthen Self-Regulation Following Coincheck Hack Coincheck Plans to Resume JPY Withdrawals Next Week According to…

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In an effort to stick it to the man and reduce its reliance on federal funding under the Trump administration, the city of Berkeley plans on issuing its own cryptocurrency. “Initial Community Offering” The city of Berkeley aims to become the first US city to have its own cryptocurrency ecosystem, in which coins or tokens backed by municipal bonds may be used as legal tender in shops and restaurants, to pay rent, or as donations to the city’s ever-growing homeless population. Additionally, money raised by the cryptocurrency will help create…

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Did you hear that bitcoin’s dead? Or how about the new coin that’s going to be the next ethereum? Also, there’s this cryptocurrency called verge that experts are tipping to make huge gains this year. And let’s not forget ripple either. You should totally load up on $3 ripple. Navigating the cryptocurrency landscape is tricky enough for experienced heads. But for the general public, who take their news from traditional media outlets, the situation is far worse. Hopelessly misinformed reporting and PR puff pieces published as ‘news’ have left the…

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Sometimes it can feel as though everyone in the banking establishment hates us. But before we go and eat worms, let’s cast our eye over this very even-handed assessment of Bitcoin from an analyst at Deutsche Bank. (in German). Opinions, Myths, and Misunderstandings In a paper published last week, DB analyst Jochen Möbert cut straight through some of the key myths surrounding Bitcoin. But before we try to take the moral high-ground, we have to accept that rhetoric and hyperbole isn’t purely the domain of nasty anti-crypto establishment figures. It is a sad…

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Accusations, rumors and fears of manipulation in the cryptocurrency market have been around for a long while now. The most recent one involves Tether supposedly artificially propping up the price of bitcoin by printing USDT. Now one regulator demands that companies in its jurisdiction will take action against such possible risks. Also Read: Weiss Ratings Defends its Decision to Give Bitcoin Only a C+ Grade Vigilant Against Market Manipulation The New York State Department of Financial Services (DFS) has issued a guidance paper on Wednesday, reminding all cryptocurrency companies licensed…

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The luxury Italian sports car, Lamborghini, otherwise referred to as the “Lambo” has become a ‘holy grail’ for some cryptocurrency enthusiasts. As ridiculous as $200K+ automobile may sound to some individuals after bitcoin’s rise in 2017 that dream is now attainable for a lot of early adopters. Also Read: Australian Freeze: Big Aussie Banks Denying Bitcoiners When Lambo? A Lamborghini is an Italian automobile that can cost anywhere between $200,000 to $2,200,000 depending on the model. Over the past few months when many cryptocurrency enthusiasts were celebrating bitcoin’s meteoric rise, the…

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As Bitcoin becomes more and more viable, states like Tennessee and Arizona are racing to pass cryptocurrency-friendly legislation in an effort to become the blockchain capital of the country. On the Books Bitcoin’s quest for legitimacy is set to be aided significantly by the state of Tennessee, which looks to officially accept electronic cryptocurrency payments for financial transactions. Though it is currently not illegal to conduct business transactions with Bitcoin in The Volunteer State, Democrat Rep. Jason Powell would like to lead the charge in officially recognizing payments with digital…

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