Month: September 2019

IRS Releases ‘Tax Cheat’ Info Raising Concerns About Crypto Theft

The U.S. Internal Revenue Service (IRS) released a new report and infographic on Thursday illustrating unpaid or underpaid taxes for the years 2011 – 2013. The numbers reflect estimates based on the last such findings, for the years 2008 – 2010. With commissioner Chuck Rettig citing the importance of voluntary compliance, and crypto’s popularity on …

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Bitcoin Cash Meetups Help Plant the Seeds of Economic Freedom

Our newsdesk recently caught up with Bitcoin.com’s community manager Chris Bridgman who discussed the recent expansion of Bitcoin Cash-focused meetups worldwide. Over the last two years, Bridgman and his partner Akane Yokoo have seen BCH meetups grow from a small handful to around 90 BCH-based gatherings in a number of different countries. Also read: Software …

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SEC Commissioner Speaks Positively About Digital Assets Despite Recent Enforcement Flurry

The U.S. Securities and Exchange Commission (SEC) regularly draws the ire of crypto proponents who are frustrated at its failure to support innovation and entrepreneurship. Despite this, some have warmed to the agency’s opinionated commissioner Hester Peirce, who has adopted the moniker of “Crypto Mom.” At a compliance conference this week, Peirce spoke positively about …

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The Palestinian Administration Wants to Replace the Israeli Shekel with Crypto

Palestinian premier Mohammad Shtayyeh has announced that the government is looking to replace the Shekel with cryptocurrencies. According to local news site Al-Monitor, the administration wants to break Israeli hegemony by developing a currency that cannot be controlled by the government. Shtayyeh made the statement during the recent launch of the Palestine Center for Computer …

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Software Engineer Reveals Oracle Creation Platform for Bitcoin Cash

On September 23, Bitcoin Cash (BCH) developer Gabriel Cardona revealed a project called Oracles.cash, a platform he constructed at the Wyohackathon. The application allows anyone to launch oracles on the BCH chain for things like prediction markets, trust-less wagers, and BCH contracts tethered to real-world events. Also read: Bitcoin Cash Acceptance and Community Growth Ramp …

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Despite Lower Prices, Bitcoin’s Hashrate Remains Strong

People watching cryptocurrency markets have been patiently waiting for prices to rise and the overall sentiment to change. However, one thing that’s been extremely bullish these days is how BTC’s hashrate has doubled in the last three months. Even with today’s sluggish crypto prices, the SHA-256 hashrate has remained unscathed and continues to show persistent …

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Panic at 137 Bank Branches as RBI Limits Withdrawals to ₹1,000

The Reserve Bank of India has imposed regulatory restrictions on a cooperative bank with 137 branches across India, including limiting customer withdrawals to a total of 1,000 rupees (approximately $14) per account for six months. Police personnel had to be deployed to control angry customers at some locations. Also read: Indian Parliament Member Helping Crypto …

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Bakkt Regulated Bitcoin Futures Now Live on Major Exchange

Trading is now live for Bakkt’s regulated, physically-delivered daily and monthly bitcoin futures, with the first trade executed at 8:02 pm ET on Sunday. Customers’ bitcoins are stored in the Bakkt Warehouse, a qualified custodian, regulated by the New York State Department of Financial Services. Bakkt is powered by Intercontinental Exchange, owner of the New …

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6 Noncustodial Crypto Payment Solutions for Merchants

You don’t have to be a bitcoin purist or tech tinkerer to want to accept cryptocurrency without using a third party. With lower merchant fees, greater network uptime, and no chargebacks, noncustodial crypto payments have several advantages over traditional fiat payment systems. Here are six noncustodial options for accepting crypto in-store and online. Also read: …

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