Day: August 30, 2019

Check Out the New Featured Tokens on Bitcoin.com’s Markets Page

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Markets.Bitcoin.com has just launched a Featured Tokens page, allowing coin creators with unique tokens to apply for a listing through a simple review process. Each token listed on Bitcoin.com’s upcoming exchange, launching Sep. 2, will also be listed at markets.Bitcoin.com, providing great exposure and detailed data for projects making a splash in the BCH community and elsewhere. Also Read: PR: Australian Bitcoin Cash Conference Brings Cryptocurrency Leaders to Townsville Featured Tokens Galore Featured Tokens is a new section of markets.Bitcoin.com, displaying BCH-friendly tokens with unique selling points and offerings, vibrant…

Venus Project Will Court Regulators, Avoid Facebook’s Mistakes

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Cryptocurrency exchange Binance has said that it will learn from the regulatory issues that have plagued Facebook’s proposed Libra digital currency.  In an interview, Aug 29, Binance co-founder He Yi claimed that the company will engage with regulators from day one regarding its Venus stablecoin project. He also confirmed previous rumors that Venus will be primarily geared towards non-Western countries. Learning from the mistakes of others Since Facebook announced its Libra stablecoin project back in June, it has faced tough scrutiny from regulatory bodies worldwide. Binance says that it will…

Craig Wright May Face Class-Action Lawsuit for Forgery and Fraud

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Bitcoin investor, trader and cryptocurrency celebrity hailing from England, Peter McCormack is about to file a lawsuit against Craig Wright, Calvin Ayre and Jimmy Nguyen on account of forgery and fraud. Recently we reported on Craig Wright’s losing the Kleiman case. However, it seems that karma surely is a b**** especially for a person who filed so many suits against so many people. Our favorite fake Satoshi Nakamoto could now face another major lawsuit from British podcaster Peter McCormack who said he was considering a class-action lawsuit against Wright, Calvin…

Scammers Target Canadian Bitcoin ATM Users With ‘Out of Order’ Sign

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Fraudsters in Winnipeg, Canada, have targeted Bitcoin ATM users in the city by simply sticking a poster on the machine. Police issued a warning on Aug. 29 that following the instructions on the poster will lead to an irretrievable loss of their Bitcoin. Low-tech hack attack Even with a digital currency like Bitcoin, security ultimately lies in the hands of the user, and a simple attack can often be the most effective. Scammers in Winnipeg took exactly that tack. They attached a printed notice to the machine. The notice explained…

Samsung Galaxy S10 Now Supports 32 Digital Assets Including Bitcoin

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Samsung’s Blockchain Keystore which is available on the company’s range of Galaxy S10 phones as well as Note 10, has included support for Bitcoin as well as more than 30 other cryptos. The app also supports more than a few DApps as well. A few months ago in March, Samsung launched its new Galaxy S10 with the “Blockchain Keystore”, a wallet with support from several decentralized apps (DApps) along with Ether (ETH) and other Ethereum powered ERC20 tokens as well. Now, the tech giant has added Bitcoin to its native…

Bitcoin Price Back Above $9.5K as Fundamentals Reach Record Strength

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Bitcoin (BTC) price climbed back above $9,500 on Aug. 30 as the largest cryptocurrency continued to grapple with the fallout of this week’s sudden losses. Market visualization. Source: Coin360 Bitcoin traders brace for return to $8Ks Data from Coin360 showed BTC/USD staging a modest recovery on Friday, reaching daily highs of $9,590.  Markets had slid dramatically a day previously, dropping from $10,200 to hit a local low of just $9,350 hours later.  At press time, moderate volatility remained, Bitcoin circling $9,550 against a considerable sell wall on major exchanges.  Bitcoin…

Bitcoin Miners Made $14 Billion to Date Securing the Network

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All-time revenue for Bitcoin (BTC) miners has topped $14 billion, according to fresh data from Coin Metrics. As Yahoo! Finance reported on Aug. 30, despite the massive increase in the network’s hash rate — a factor that depresses the profitability of mining — there’s still more money in the game for miners than ever before.  Bitcoin miner revenue growing exponentially The report notes that as of the Bitcoin network’s inception, it took eight years for miners’ total revenue to break past the $5 billion mark; the next $5 billion were…

Chainalysis’ Jesse Spiro on Crypto Wallet Blocking and Its Potential Impact

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More and more cryptocurrency addresses have been added to the United States Department of the Treasury’s list of Specially Designated Nationals, which are marked as being possibly associated with the global drug trade. According to the Kingpin Act, U.S. companies and individuals are banned from any type of commercial relationship with addresses on the list as well as people connected to them. The three Bitcoin (BTC) addresses that recently came under a fire belong to Chinese citizens. Less than a week after Chainanalysis rolled out a real-time suspicious transactions detector,…

Portugal Reiterates a Tax Free Policy for Cryptocurrency Earnings

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Cryptocurrency payments and trading using digital currencies are now tax free in Portugal, the European country’s tax authority has clarified. It should be noted that there is no income tax on cryptocurrency earnings in the country. Local Business newspaper Jornal de Negócios has reported earlier this week that the relevant tax authorities have maintained that both cryptocurrency trading in real currencies and remuneration in cryptocurrencies will be exempted from value-added tax (VAT). According to Portuguese news media sources, the Portuguese Tax Authority revealed the news in response to a request…

Nevada Regulators Say Bitcoin ATMs Will Need License to Operate

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Bitcoin (BTC) and cryptocurrency ATMs need a licensing scheme, authorities in the state of Nevada have officially announced. Bitcoin ATM operators must contact authorities In a statement first reported on by local news media outlet Nevada Current on Aug. 28, the state’s finance regulator, the Financial Institutions Division of the Department of Business and Industry (NFID), said ATM operators must conform to existing rules.  “Any entity that facilitates the transmission of or holds fiat or digital currency by way of brick-and-mortar, kiosk, mobile, internet or any other means, should contact…