Category: Digital Assets
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Markets Update: Despite Negative Headlines – Crypto-Prices Continue to Rise
A few days ago digital asset markets saw some good gains pushing the entire crypto-economy up past $229 billion. Both bitcoin cash (BCH) and bitcoin core (BTC) had nice percentage spikes with BCH up 13 percent, and BTC up 3.5 percent over the last week. However, the biggest gainer this week was ripple (XRP) jumping…
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New App Allows Users to Create a Custodian-Free Bitcoin Trust
On Wednesday, September 19, a team of developers launched a platform called the Open Savings Initiative. The application allows any Bitcoin Cash (BCH) and Bitcoin Core (BTC) user to save funds in a time-locked address that cannot be spent until a specific date and time has passed. Also read: Critical Bug Found in Bitcoin Core Invokes…
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Security Specialist Wizsec Gives Insight on the Billion Dollar BTC Wallet
The bitcoin security specialists Wizsec has recently explained to the public that the wallet that held more than 111,000 BTC did not derive from the Silk Road marketplace, and it’s also not one of the Mt Gox wallets. Further Wizsec detailed today that a recent article had quoted the organization by cherry-picking quotes which in…
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Seoul-Based Food Delivery Service Now Accepts Bitcoin Cash
This week Bitcoin Cash (BCH) fans were pleased to hear another well-known merchant is now supporting BCH for payments. The South Korea-based food dispatch platform called Shuttle Delivery now accepts BCH for door-to-door meal deliveries throughout the Seoul region. Also read: Gemini Dollar Code Review Reveals the Stablecoin’s Accounts Can Be Frozen Food Service Shuttle Delivery in…
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North Queensland is Becoming a Hub of BCH Accepting Businesses
The northern part of the Australian state, Queensland, is bustling with cryptocurrency energ. The region is extremely passionate towards one specific decentralized peer-to-peer electronic currency — bitcoin cash (BCH). Also Read: Netherlands’ Largest Bank ING Group Fined $900M for Money Laundering North Queensland Bitcoin Cash Merchant Adoption Expanded 52% Last Month Over the last few months,…
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Alternative Crypto Bills Presented in Ukraine and Russia
Draft laws employing alternative approaches to regulating digital currencies have been introduced in Ukraine and Russia. In Kiev, a bill that classifies cryptocurrency as an asset, unit of exchange and store of value has been filed in the Rada and it’s supported by both deputies and representatives of the industry. In Moscow, the managers of…
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Markets Update: Short Term Recovery – Is a Bullish Reversal in Sight?
Cryptocurrency prices are back on the mend after a great majority of digital assets plunged last week losing 10-20 percent or more in value. Since then, the digital currency economy has regained some strength bouncing back from a low of US$186 billion to $205 billion on Saturday, September 15. Also read: Test Driving the Money Button…
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Poor Internet Access Could Slow Down Cryptocurrency Growth In Africa
Africa is often lauded as the next big thing for cryptocurrency adoption and development. But could poor internet access and connectivity slow down progress? A new report by the International Telecommunications Union (ITU) shows that it will cost $450 billion to connect 1.5 billion people – most of them in Africa – to the internet.…
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Corporate Creditors Can Now File Claims for Mt Gox Restitution
This week the trustee in charge of the Mt Gox legal case has announced that corporate customers can now file rehabilitation claims for the October 22 deadline. The news follows the claim process that started for non-corporate customers on August 23. Also read: Mt. Gox Victims Must Take Claims to Tokyo, Not US, Judge Rules Corporate…
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Sales Tax and Bitcoin in the United States Can Be Confusing
Over the last two years in the US, the federal government and states have been trying to grasp the concept of cryptocurrencies and apply them to traditional finance laws like taxes. The task has proven to be extremely difficult for federal agencies and officials however. One confusing issue is the application of state sales tax…