Day: January 20, 2019

Regulations Have Ruined the Physical Bitcoin Industry

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Economy & Regulation As bitcoiners celebrate the 10th anniversary of Satoshi’s invention, veteran enthusiasts will be aware that a lot has changed since the early days. One business that was once incredibly popular is the art of manufacturing loaded physical bitcoins. Government regulations have forced operations to cease, causing the physical bitcoin minting business to virtually grind to a halt.   Also read: 8 Crypto Debit Cards You Can Use Around the World Right Now  Manufacturing Loaded Physical Bitcoins Is a Lost Art Not long after Bitcoin was launched, people managed…

Bitcoin (BTC) ATMs Boom Amid Crypto Rout

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Australian Bitcoin ATM Provider Sees $360,000/Week In Turnover  The Daily Mail, a popular British tabloid, recently reported on an Australian Bitcoin-centric entrepreneur by the name Sam Karagiozis. Speaking with the outlet, Karagiozis told his story, while also divulging tidbits about his up-and-coming crypto automated teller machine (ATM) hustle. Karagiozis, a high school dropout turned supposed business guru, explained that while he lost upwards of $3 million on paper in 2018’s crypto crash, his ATM gig has begun to perform well. More specifically, the entrepreneur, who also lost two million Australian…

Gold-Like Bitcoin (BTC) May Eventually Surpass ATH, Says Crypto Entrepreneur

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Bitcoin Shaping Up To Be Digital Gold Alistair Milne, the chief investment officer at Digital Currency Fund, recently commented on why he’s “still bullish” on Bitcoin (BTC) in a Twitter thread. Investors are now very aware that Bitcoin is like trading Gold with 100x leverage and, next year, Bitcoin’s inflation/production rate will actually be *lower* than Gold’sNo-one appears to doubt the usefulness of Gold as an investment, they shouldn’t doubt Gold 2.05/6 — Alistair Milne (@alistairmilne) January 19, 2019 In a series of six tweets, the investor, who first tweeted about…

Crypto Investor: Bitcoin May Retest $20,000 With Next Wave Of Adoption

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Since Bitcoin (BTC) breached the monumental $20,000 price milestone and subsequently crashed, crypto investors en-masse have sought to determine when the asset would retest five-digits. While an array of crypto pundits have speculated, throwing their zany predictions into the crockpot that is Twitter, the date of the next parabolic rally’s commencement is still elusive. Yet, a majority of industry commentators, many of which have a vested interest in BTC, are sure that the flagship cryptocurrency has further to run. Alistair Milne, the chief investment officer at Digital Currency Fund, touched on…

Blame Banks for Damaging the Environment – Not Bitcoin

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Op-Ed Another mainstream media outlet has published a piece warning of the dangers Bitcoin poses to the environment. We’ve heard these overly simplistic arguments countless times before. But even if one was to accept that Bitcoin’s energy consumption is substantial, the figure still pales in significance to traditional financial institutions, whose carbon footprint is colossal. Also read: South Africa Wants to Mandate Registration of Crypto Service Providers ‘Bitcoin Is Oil’ Journalist, former bitcoin miner, and current partner at crypto firm Ocuis, Ethan Lou, penned a Guardian article this week, “Another thing…

Binance Coin, Cardano, IOTA, Neo, Tron

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Bitcoin (BTC) has proven to be in high demand among citizens of smaller nations like Venezuela, whose economic conditions have been adversely affecting their fiat currencies. Now, cryptocurrencies will face another test with the impending Brexit deal. If the United Kingdom is forced…

Lack of ETNs Keeps Wall Street Away From Bitcoin, Says CBOE Analyst Ed Tilly

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Ed Tilly, CEO, president and chairman at the Chicago Board Options Exchange (CBOE), declared that there is a need for Bitcoin (BTC) exchange-traded notes (ETNs) in order for Wall Street institutional investors to join the crypto space. Financial newspaper Business Insider reported on Tilly’s comments on Jan.18. According to the aforementioned article, Tilly declared that “the growth of Bitcoin in listed markets is still hamstrung by the lack of a trading product geared toward mom-and-pop investors.” According to him, Bitcoin futures did not see substantial growth because of the lack…

Chilean Taxpayers Must Report Cryptocurrency Profits to Chilean IRS: Local Media

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Chilean taxpayers must report their cryptocurrency profits to the Chilean Internal Revenue Service (SII), Spanish crypto media Diario Bitcoin reports on Jan. 17. The SII reportedly decreed in 2018 that digital currencies weren’t subject to Value Added Tax (VAT), but should still be considered when calculating annual income tax, as they fall into the definition of intangible assets. Because of this consideration, the dedicated income tax form 22 will reportedly include — for the first time — a special section dedicated to “other own and/or third-party income from companies that…

Bitcoin Falls Towards $3,550 as Top Cryptos See Moderate to Major Losses

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Sunday, Jan. 20 — all the top 20 cryptocurrencies are seeing moderate to major losses in the 24 hours to press time. Bitcoin’s (BTC) price is nearing $3,550 again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is down over 4 percent on the day, trading at around $3,587. Looking at its weekly chart, the current price is lower than $3,673, the price of Bitcoin on last Sunday. Bitcoin 7-day price chart. Source: CoinMarketCap Ripple (XRP) is down over 3 percent on the day, trading at…

Proposed License Requirements End Anonymous Crypto Selling and Buying in the Netherlands

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Pete Hoekstra, the Netherlands’ Minister of Finance, has received official advice that a licensing system should be introduced for crypto services, Dutch media outlet Nederlandse Omroep Stichting (NOS) reports on Jan. 18. Hoekstra reportedly requested advice about cryptocurrencies from the Netherlands’ Authority for the Financial Markets and the local central bank, De Nederlandsche Bank, at the beginning of last year. The minister announced that he started working in accordance with the advice immediately after receiving it. According to the article, the decreased crypto speculative mania has made investor protection actions…