New Hampshire House Subcommittee Approves Bitcoin for Taxes Bill

During the first week of the new year, two U.S. representatives from New Hampshire, Dennis Acton and Michael Yakubovich, proposed a bill that would allow the state’s residents to pay taxes with cryptocurrencies. Now after some deliberation, New Hampshire’s House Subcommittee unanimously approved the state’s bitcoin for taxes bill. Also read: US State of Ohio Accepts Bitcoin for 23 Types of Taxes New Hampshire Bitcoin for Taxes Bill Passes Unanimously Residents from the state of New Hampshire, otherwise known as the “free state,” may soon be able to pay their taxes…

Binance CEO: Crypto Cheaper, Faster & Easier Than Legacy Digital Payments

Crypto, Bitcoin (BTC) included, is slow, expensive, and hard to integrate, cry this industry’s skeptics. While this argument has gained traction in recent years, especially as blockchains struggled to keep up with the transactional demand seen in late-2017, some aren’t all too convinced. In a recent tweet, Changpeng “CZ” Zhao of Binance explained why he believes it is economically, logistically, and socially logical for Internet-centric retailers and entrepreneurs to accept cryptocurrencies, whether it be BTC, Ether, or otherwise, as a bonafide payment method. Related Reading: Why This Billionaire Investor is Betting…

Bitcoin Hovers Over the $3,450 Mark as Top Cryptos See Slight Losses

Sunday, Feb. 3 — most of the top 20 cryptocurrencies are reporting slight losses on the day by press time. Bitcoin (BTC) is hovering over the $3,450 mark again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is down a fraction of half percent on the day, trading at around $3,476, according to CoinMarketCap. Looking at its weekly chart on CoinMarketCap, the current price is about 3 percent lower than $3,594, the price at which Bitcoin started the week. Bitcoin 7-day price chart. Source: CoinMarketCap Top…

Litecoin, Binance Coin, Ripple, Bitcoin, Tron

Although Bitcoin (BTC) has managed to maintain its dominance throughout the bear market, we are seeing some major cryptocurrencies outperform it. This shows that the market has started to favor some coins and disregard the others. We believe that some cryptocurrencies might bottom out even before Bitcoin does. Due to that, it is necessary to be selective about coins if one wants to reap the benefits. When larger traditional investment firms and exchanges get ready to take the plunge, it is an indication of underlying demand. Therefore, we expect increased…

Twitter CEO Jack Dorsey Still Believes Bitcoin Will Be Internet’s Currency

Co-founder and CEO of Twitter Jack Dorsey declared again that he believes Bitcoin (BTC) will be the internet’s native currency. Dorsey made his comments during an interview with American comedian and podcast host Joe Rogan published on Feb. 2. During the interview, Dorsey stated: “[Bitcoin] was something that was born on the internet, that was developed on the internet, that was tested on the internet…It is of the internet.” The Twitter CEO had made a similar claim before, noting in mid-May 2018 that he sees Bitcoin as a choice for…

SWIFT Announces PoC Gateway With R3, but Remains Overall Hesitant About Blockchain

On Jan. 30, major global banking payments network SWIFT announced it plans to launch a proof-of-concept (PoC) of a gateway — titled GPI Link — that will allow blockchain software firm R3 to connect to SWIFT’s Global Payments Innovation (GPI) payments from its platform. Therefore, SWIFT has made another step toward adopting blockchain, despite having expressed concerns over the technology’s maturity in the past. However, SWIFT’s competitors have already voiced their concerns, saying that the new system is not decentralized enough. Brief introduction to SWIFT’s relationship with blockchain SWIFT is…

Is the Missing Crypto From QuadrigaCX’s $150 Million Disaster On the Move? Experts Weigh-in

According to several reports, some funds from the missing $150 million holdings of Canada’s biggest crypto exchange QuadrigaCX could be moving. On Saturday, CCN reported that QuadrigaCX lost more than $190 million in funds stored in both crypto and fiat as the CEO, who had sole control over user funds passed away. In a strange turn of events, some industry experts have expressed skepticism toward the case as wallets connected to the exchange’s hot wallets started to move. Inconclusive Evidence, Not Definitive if it is QuadrigaCX’s Cold Wallets Containing Crypto…

Jack Dorsey Sees Crypto as the Money of the Internet. But Will It Be Bitcoin?

Jack Dorsey Sees Crypto as the Money of the Internet. But Will It Be Bitcoin? February 3, 2019 by Paul de Havilland With his CashApp growing quickly behind Square to begin encroaching on PayPal and Venmo, Jack Dorsey believes crypto will become the money of the internet. He doesn’t necessarily think that will be bitcoin. Also read: Italy Crypto – ‘The Bomber’ Bankrupted, Senate Moves to Define Blockchain Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Jack Dorsey Wants a Global Cryptocurrency Jack Dorsey told Joe Rogan…

CoinLab Increases Mt. Gox Claim from $75 Million to $16 Billion

CoinLab has reportedly filed a 1.7 trillion JPY ($16 billion) claim against the now-defunct cryptocurrency exchange Mt. Gox, according to an alleged photo of the filing document posted on Reddit on Feb. 1. As Cointelegraph reported in its Mt. Gox recap in March last year, in 2013, CoinLab, a former business partner of the exchange, sued the company for $75 million, claiming breach of contract. The contract stipulated that CoinLab would take over the American customers of Mt. Gox, but it never happened. Photograph of alleged CoinLab Mt. Gox claim. Source:…

Analyst Finds Nvidia Earned $1.35 Billion More in Total Crypto Revenue Than Stated

Taiwan-based computer hardware producer Nvidia reportedly earned nearly $1.35 billion more due to crypto and blockchain than it had stated. The numbers were calculated by RBC Capital Markets analyst Mitch Steves, financial news website Market Insider reports on Jan. 31. Steves reportedly said in a note released on Jan. 30 that that according to his calculations, Nvidia generated about $1.95 billion in total revenue related to cryptocurrency and blockchain, noting that the official company’s statement said that it generated around $602 million over the same time period. His calculations reportedly…