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Regardless of what the central Chinese government tries to do or say, bitcoin and cryptocurrency remain popular investments among everyday people in China. And a new way to get exposure to the ecosystem just materialized for those with access to the Hong Kong market, a publicly traded company entered the mining industry. Also Read: This Week in Bitcoin: Amazon Wants to Track You and TD Ameritrade Plants a Flag Wine and Mine Diginex Limited, a multinational crypto-asset investment company headquartered in Hong Kong has announced it sold a 51% stake of…

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Warren Buffett continues to remain notoriously bearish on Bitcoin, claiming those who participate in the market are not investing. ‘That Is Not Investing’ In an exclusive interview with Yahoo Finance in Omaha, Nebraska, leading up to Berkshire Hathaway’s annual shareholder meeting, Buffett revealed that his thinking has not changed in regards to Bitcoin and other cryptocurrencies. He stated: There’s two kinds of items that people buy and think they’re investing. One really is investing and the other isn’t. You can probably guess which one Buffett says “isn’t.” The famous American business…

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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. Sydney, Australia – LEEKICO, a one-stop-service ICO platform, successfully supported NKN, a project aiming to rebuild the Internet that will be truly open, decentralized, dynamic, safe, shared and owned by the community, completed its highly anticipated token sale on April 19th, 2018. With LEEKICO’s support,…

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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…

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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,…

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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…

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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…

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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…

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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…

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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…

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