Day: November 25, 2018

Ohio ‘Appears’ to Be First US State to Accept Bitcoin for Taxes, WSJ Report

boss

The U.S. state of Ohio is poised to become the first state to accept Bitcoin (BTC) as tax payment, the Wall Street Journal (WSJ) reports today, Nov. 25. As the WSJ writes, the move initially applies only to businesses, with plans to extend the offering to individual taxpayers in future. Starting this week, Ohio-based businesses will be able register to pay all of their taxes in the leading cryptocurrency. The payments are reportedly set to be processed via crypto payments service BitPay. As the WSJ reports, the crypto-friendly move was…

Blockchain Could ‘Speed up the Economy,’ Says Nigerian Presidential Candidate

boss

The presidential candidate of Nigeria’s leading opposition party has promised to support blockchain and cryptocurrency, local news outlet the DailyPost article reported Nov. 24. The Nigerian news outlet reportedly analyzed the Peoples Democratic Party (PDP) candidate Atiku Abubakar’s “Get Nigeria Working Again” policy that he reportedly promised to enact if he is elected president February 16, 2019. DailyPost reports that in the document, the politician declared that “he aims to speed up the economy positively through blockchain and cryptocurrency.” According to DailyPost, Abubaka stated that to unlock “the potentials of…

Ethereum Stablecoin Will Migrate to Upgraded Bitcoin Cash Network

boss

Twitter Facebook LinkedIn DiamCoin, not to be confused with Diamco.in, a similar token by different folks, is intended to be a version of a stablecoin that is pegged to the value of a diamond. Each token will be pegged to the value of a millicarat of a diamond. So a thousand tokens equals 1 carat of diamond, and 14,000 tokens would presumably equal a 14-carat diamond. It’s not a stablecoin in the sense that you put a certain value in and get that same value out, although you are free…

“Large Population” Believes in Bitcoin as Means of Exchange

boss

In a recent interview, former Central Intelligence Agency (CIA) employee and National Security Agency (NSA) subcontractor turned whistleblower, Edward Snowden, argued that the price and value of bitcoin is an expression of the “large population” that believes in its “usefulness” as a means of exchange. Also Read: UK Regulators Plan “Comprehensive Response” to Illicit Crypto Use Edward Snowden Discusses Intrinsic Value of Bitcoin Famed whistleblower, Edward Snowden, recently spoke in favor of bitcoin’s capacity to function as a money during an interview with McSweeney’s. Snowden describes distributed ledger technology as comprising…

Bitcoin Slips Below $4,000, EOS Overtakes Bitcoin Cash as Markets Plunge

boss

Sunday, Nov. 25: crypto markets have suffered another crash yesterday and continuing into today, with all top 20 cryptocurrencies by market cap deeply in the red, and Bitcoin (BTC) trading below $4,000. crypto markets are seeing a massive decline of at least 10-15 percent. Stellar (XLM) has suffered the most, down over 20 percent, and trading at $0.14 at press time, according to CoinMarketCap. Market visualization from Coin360 Yesterday, Nov. 24, Bitcoin plunged below the $4,000 price point, breaking the threshold for the first time since September 2017. Today, the…

Bitcoin Price Plunges to New Yearly Low at $3,456: What’s Causing it?

boss

Twitter Facebook LinkedIn On Coinbase and other major fiat-to-cryptocurrency exchanges, the Bitcoin price (BTC) has dropped to a new yearly low at $3,456. Over the past 24 hours, despite its relatively low daily volume at around $5.2 billion, BTC demonstrated a drop of over 12 percent, showing weakness in short-term momentum. The volume of BTC has since risen to $6.3 billion, mostly due to an overwhelming amount of sell orders. Free Fall Bitcoin Price (BTC/USD) | Coinbase The drop in the price of the dominant cryptocurrency on November 25 remains…

Bitcoin Price Plunges to New Yearly Low at $3,456: What’s Causing it?

boss

Twitter Facebook LinkedIn On Coinbase and other major fiat-to-cryptocurrency exchanges, the Bitcoin price (BTC) has dropped to a new yearly low at $3,456. Over the past 24 hours, despite its relatively low daily volume at around $5.2 billion, BTC demonstrated a drop of over 12 percent, showing weakness in short-term momentum. The volume of BTC has since risen to $6.3 billion, mostly due to an overwhelming amount of sell orders. Free Fall Bitcoin Price (BTC/USD) | Coinbase The drop in the price of the dominant cryptocurrency on November 25 remains…

Crypto Week In Review: Binance Makes OTC Desk Investment, Bakkt Delays Bitcoin Futures

boss

As 2018 bids its last farewells, the crypto market has stuttered, with a majority of crypto assets establishing new year-to-date lows, leading many analysts to express their sentiment that capitulation is officially occurring. However, the peculiar performance of the market hasn’t fazed this industry’s leading constituents. Binance, for one, continued its investment spree, siphoning millions into a budding upstart. Binance Throws $3 Million At OTC Crypto Desk, Foray Into China Expected Binance, the crypto industry’s leading retail exchange, hasn’t seemingly remained unfazed amid the cryptocurrency market downturn, recently diverting $3…

SIX Launches Multi-Crypto ETP, BCH’s Hard Fork Remains Contentious

boss

Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week KPMG Report Notes That Crypto Is a Big Deal, But Needs Institutional Investment Netherlands-based “Big Four” auditor KPMG released a bullish report on crypto this week, arguing that institutional investors must join the industry for it to “realize its potential.” The report, titled…

Bitcoin value now below expectations “but cryptocurrencies are going no where”

boss

What needs to happen before institutional Investors start to take Cryptocurrencies seriously According to the founder and partner at Morgan Creek Digital Assets, Anthony Pompliano, an investor in cryptocurrencies will let the firm focus on providing access to digital assets. This will be geared towards assets for institutions and financial offices as well. Pompliano, a former product manager at Facebook, mentioned that there will be more investors coming into space in order to educate the masses on the power of cryptocurrencies with the Blockchain technology. The fundamentals behind Blockchain-based crypto…