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'Opt-Out with Bitcoin,' Says Visa's Director of Public Policy + More News
28.8.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Business news
Andy Yee, senior director of public policy at Visa, tweeted to his followers to “Opt-out with Bitcoin.” This follows a speech made...
Banks in Mexico Pose Greater Money Laundering Risk Than Crypto Firms, Says Report
28.8.2020
Commercial banks by far pose the greatest risk of money laundering in Mexico compared to crypto-related companies, according to a new report by the country’s Financial Intelligence Unit (FIU). The study singles out what it calls the “G7 banking group”, which includes BBVA...
Bitcoin price to $500,000: Winklevoss lays out ultimate bullish case
27.8.2020
Tyler Winklevoss believes Bitcoin price is headed to $500,000 in the long term if it overtakes gold
WATCH: Fed Chair Powell Lays Out Economic Policy Approach
27.8.2020
Federal Reserve Chairman Jerome Powell is expected to announce new measures to control inflation at his annual speech on the U.S. central bank's policy approach during the Jackson Hole symposium Thursday
IRS Sends Fresh Round of Tax Warning Letters to Cryptocurrency Owners
26.8.2020
The U.S. Internal Revenue Service (IRS) has begun sending new warning letters to cryptocurrency owners. This followed the tax agency prioritizing cryptocurrency on its tax forms. “The IRS is getting very serious about cryptocurrency tax compliance,” a tax expert told news.Bitcoin.com....
Anticipated Ethereum Proposal 'Big Maybe' Out Within a Year
26.8.2020
The highly anticipated Ethereum (ETH) improvement proposal (EIP) 1559, which includes things like an automatic token burn mechanism for each transaction and an improved fee market, may be rolled out in the next 6-12 months, according to Anthony Sassano, SetProtocol product marketing manager...
Bitcoin Drop Squeezes Out Weak Derivatives Positions – And That May Be a Good Thing
26.8.2020
Bitcoin’s latest price drop may have a silver lining
Bitwage Rolls Out Tax Calculator Tool as IRS Ramps Up Crypto Pressure
26.8.2020
The new tool comes as the IRS is sending more letters to crypto investors
Venezuela Blocks Opposition From Disbursing $18 Million To Health Workers via Bitcoin Exchange Airtm
25.8.2020
Venezuela has blocked the main opposition from distributing $18 million worth of cash previously seized by the U.S. from the Nicolas Maduro government. The money is being dished out via peer-to-peer (P2P) crypto exchange Airtm to 62,000 healthcare workers starting Monday. However, it is not...
Brazil’s Central Bank Tasks Group With Laying Out Road Map to Digital Currency Issuance
24.8.2020
The 12-member team will submit their findings – and propose a CBDC issuance model – to the central bank in 180 days
Over $1M in Ryuk Ransomware Bitcoin Was ‘Cashed Out’ on Binance: Report
24.8.2020
Researchers reportedly traced bitcoin sent as payments to Ryuk ransomware controllers and found a good portion passed through Binance
Report suggests $1 million of ransomed Bitcoin was cashed out on Binance
24.8.2020
Binance Security Team explains that security systems and techniques are constantly evolving to identify malicious activity while minimizing false positives
Crypto Market Sentiment Drops Out of Positive Zone; Litecoin Wins the Week
24.8.2020
Though its fall in the past seven days is relatively low, the combined moving 7-day average crypto market sentiment score (sentscore) for the top 10 coins by market capitalization dropped out of the positive zone, and is now sitting at its verge. Per crypto market sentiment analysis service...
$50 Billion in Cryptocurrency Left China Amid Escalating Trade Wars
24.8.2020
Over $50 billion in cryptocurrency flowed out of China over the past 12 months amid trade wars, a new study finds. East Asia is the world’s largest cryptocurrency market; its crypto trading volume is driven by “a robust professional market” as well as an “extremely...
Stock Trader Dave Portnoy Dives Into Bitcoin, Only to Panic-Sell After Chainlink Plunges
22.8.2020
High profile stock trader Dave Portnoy has panic sold his bitcoin one week after he got into cryptocurrency. He cited the falling price of chainlink, another of his crypto investments, as the main reason. Dave Portnoy Got in and Out of Crypto in One Week American trader and founder of Barstool...
IRS Prioritizes Cryptocurrency, Now First Question on 1040 Tax Form
22.8.2020
The new U.S. tax form is out and the cryptocurrency question is the first one on the main 1040 tax form used by about 150 million people to file their taxes. The Internal Revenue Service (IRS) requires all tax filers to declare whether they have received, sold, exchanged, or acquired...
Rich Dad, Poor Dad Author Says ‘Major Banking Crisis Coming,’ Praises Bitcoin and Gold
21.8.2020
Robert Kiyosaki, the author of the best-selling book “Rich Dad, Poor Dad,” explained this week that time is running out as a “major banking crisis is coming fast.” The best selling author says now is “not a time to think about it” and said people should start...
ETC Labs Rolls Out Fixes to Thwart Further 51% Attacks on Ethereum Classic
20.8.2020
Shaken by weeks of network-overwhelming hacks, ETC Labs has outlined its security response
Japanese Court Orders Seizure of Cryptocurrency Linked to Coincheck Hack of 2018
20.8.2020
A court in Tokyo, Japan has ordered the seizure of crypto assets that have been traced back to the Coincheck hack of January 2018, The Japan Times reported Wednesday. More than $530 million worth of the NEM (XEM) cryptocurrency was stolen from the exchange two years ago in what turned out to be...
Massive $2,000,000 Prize Pool in the Biggest Ever Promotion Launched on Bitcoin Games
20.8.2020
One lucky spin can propel your bet into a 5,000X multiplier, churning out huge amounts of money. Read on to find out how. Win Every Day Bitcoin Games, our very own cryptocurrency gaming portal, has teamed up with the popular games provider Pragmatic Play to bring a $2 Million tournament promotion...