Czech Utility Company Introduces Crypto Payments

One of the largest energy suppliers in the Czech Republic has recently announced plans to start accepting cryptocurrency from its customers. The bitcoin payment option should be available as early as next month, its management said. The company is about to join a growing number of Czech businesses processing crypto payments by introducing them to the energy sector.   Also read: Poll: Bitcoin More Popular With Czechs than the Euro Reaching Out to the Young People The firm in question, Pražská Plynárenská, is not new to the concept of diversification.…

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Date Set: Japan’s Internet Giant GMO Will Launch 7nm Bitcoin Miner on June 6

Japan’s GMO Internet announced that it will unveil its flagship bitcoin mining machine, called GMO miner B2, equipped with the 7nm chips on June 6. Interested customers can register now for the upcoming information session. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Launching on June 6 The wait for 7nm bitcoin mining products from Japanese internet giant GMO may be nearing to a close, as the company announced Thursday: GMO Internet Group will launch GMO miner B2, which is our own high-performance computer for mining (mining machine), on…

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Tezos Community Petitions to End the Class Action Lawsuits

Tezos was conceived as a governance-based blockchain to rival Ethereum, but it’s become more synonymous with protracted legal battles and internecine conflict. As the latest class action lawsuit drags its way through the courts, the Tezos community has petitioned for an end to all the legal turmoil so that everyone can move on. Also read: US Justice Department Investigates Price Manipulation in Bitcoin Market Tezos Community Prepares an Amicus Brief Tezos community leaders are sick of all the lawsuits, so much so that they’re preparing to go to court themselves –…

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American Express Could Use Blockchain to Protect Clients’ Identities and Combat Fraud

US-based financial corporation American Express is researching how blockchain technology can provide solutions to issues such as fraud and identity protection. More and more financial services companies are exploring how blockchain technology can make a difference, not only in their existing processes but also in providing improved user experiences for their clientele. Amex on Board the Blockchain Train Mastercard is turning to the crypto-supporting technology as is American Express. According to TechRadar, the latter will make a concerted effort to research how blockchain may not only protect their customers against fraud…

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Coinjar Launches Cryptocurrency Exchange Supporting AUD Pairings

Coinjar has announced the launch of a cryptocurrency exchange that will exclusively offer AUD currency for fiat pairings. The exchange currently offers AUD and BTC pairings for bitcoin, Ethereum, Litecoin, and Ripple. Also Read: US Justice Department Investigates Price Manipulation in Bitcoin Market Coinjar Launches New Australian Cryptocurrency Exchange Australian-founded cryptocurrency company Coinjar has announced that it has launched a cryptocurrency exchange exclusively offering fiat pairings in AUD. Coinjar exchange currently provides support for BTC, ETH, LTC, and XRP pairings. In addition to AUD pairings, all supported altcoins are available to…

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BCH Payment Processor Bitek Allows Colombian Merchants to Convert to Pesos

Two Bitcoin Cash (BCH) proponents, Javier Barrera and Andrés Rivera, believe the evolution of cryptocurrency will be bolstered by the BCH network so they recently developed a payment processor called Bitek.co. The company offers merchant processing with payable invoices, and accounting services as the Bitek platform provides merchants with the ability to accept BCH and convert all or a percentage of the funds into Colombian pesos. Also Read: Markets Update: Stormy Weather Continues to Plague Cryptocurrency Traders Bitek: Promoting the Use of Bitcoin Cash in Columbian Markets There’s a new payment…

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Ireland Clarifies Taxation of Crypto Transactions

The Irish revenue service has published a manual with guidelines aimed at eliminating the uncertainty surrounding the taxation of crypto transactions. Investors and traders of digital coins, businesses working with cryptocurrency and tax advisors, of course, can now find answers to many but not all of their questions. The notice has been issued at a time when tax authorities across Europe are trying to tap into crypto incomes and profits in the absence of dedicated regulations in most cases.   Also read: Poland Backpedals on “Irrational” Crypto Tax After Strong…

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US Justice Department Investigates Price Manipulation in Bitcoin Market

Have you ever felt that someone is controlling the crypto markets, increasing prices to lure you in and crash it all as soon as you buy? Well, US authorities have apparently heard your whining because they are now reportedly suspicious manipulation is indeed occurring. Also Read: Bitcoin in Brief Thursday: Main Street Adopts Bitcoin Ahead of Wall Street Spoofing and Wash Trading The US Department of Justice (DOJ) has reportedly launched a criminal investigation to determine if big money traders are manipulating the prices of Bitcoin, Ether and possibly other cryptocurrencies.…

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Small Banks in America Making Money with Bitcoin

Bitcoin might be anathema to the majority of Wall Street banks, however, for small lenders in the U.S., the crypto market is a veritable money maker. Despite the uncertainty and lack of regulation in the industry, Main Street banks are jumping on the Bitcoin bandwagon and raking in huge revenues. Main Street Banks Catching the Bitcoin Bug The big banks on Wall Street have largely shunned the cryptocurrency market with only a few making tentative forays into the industry. This has paved the way for smaller banks to take advantage…

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Bitcoin Use Case: Limiting Government Growth

The Institute for Justice (IJ) bills itself as the national law firm for liberty. IJ works to slow the growth of government in the US in all its forms: economic freedom, education, private property, freedom of speech, not to mention amicus briefs to the Supreme Court. Now bitcoiners can help support IJ’s valuable work, a real world use case, through Bitpay and bitcoin cash (BCH). Also read: Roger Ver and Ryan X. Charles Reveal the Future of Cash Freedom, a Use Case for Bitcoin Cash This year started very well…

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