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Regulations Have Ruined the Physical Bitcoin Industry

January 20th, 2019

As bitcoiners celebrate the 10th anniversary of Satoshi’s invention, veteran enthusiasts will be aware that a lot has changed since the early days. One business that was once incredibly popular is the art of manufacturing loaded physical bitcoins. Government regulations have forced operations to cease, causing the physical bitcoin minting business to virtually grind to…

Cryptocurrency GIFs: Animations That Capture the Mood of the Markets

January 20th, 2019

The cryptocurrency ecosystem is filled with unique individuals with a penchant for sharing dank memes. Besides an arsenal of killer graphics that depict the current mood of the markets, they’re also equipped with a wide variety of animated GIFs to virally share across social media and messaging platforms like Telegram. Over the Last Two Years,…

Indonesian Unicorn Go-Jek Acquires Majority Stake in Filipino Crypto Wallet

January 20th, 2019

Indonesian unicorn Go-Jek has announced a partnership between the company’s payments platform, Go-Pay, and Filipino cryptocurrency wallet Coins.ph. Local media has reported that the deal will see Coins.ph continue to run as usual, despite Go-Jek now owning a majority stake in the company. Go-Jek Announces Partnership With Coins.ph Go-Pay, the payments platform of Indonesia’s largest…

Blame Banks for Damaging the Environment – Not Bitcoin

January 20th, 2019

Another mainstream media outlet has published a piece warning of the dangers Bitcoin poses to the environment. We’ve heard these overly simplistic arguments countless times before. But even if one was to accept that Bitcoin’s energy consumption is substantial, the figure still pales in significance to traditional financial institutions, whose carbon footprint is colossal. ‘Bitcoin…

US Crypto Investors Incurred $5.7 Billion in Unrealized Losses Last Year

January 20th, 2019

The results of a survey published by Credit Karma estimate that crypto investors in the U.S. realized losses of approximately $1.7 billion during the previous tax season. Additionally, the report finds that U.S. investors incurred a further $5.7 billion in unrealized losses. US Cryptocurrency Investors Realized $1.7B in Losses During 2018 According to a survey…

The Daily: Coinspot Launches OTC Desk, Bitdeer Expands in Eastern Europe

January 20th, 2019

Crypto exchange Coinspot has launched an over-the-counter trading desk in Australia and you’ll find more about the platform in this edition of The Daily. Elsewhere, computing power-sharing platform Bitdeer.com is focusing on Eastern Europe through a partnership with the largest digital asset trader in the region, Exmo. And in the U.S., expired Mccoins will get…

Executives of Korean Exchange Sentenced to Jail for Faking Volumes

January 20th, 2019

Two executives of a South Korean cryptocurrency exchange have reportedly been sentenced to jail for inflating trading volumes on their exchange. The pair allegedly used a bot to fake large orders in both cryptocurrencies and Korean won. Prison Sentences Two executives of South Korean cryptocurrency exchange Komid were sentenced to jail on Thursday “for their…

8 Crypto Debit Cards You Can Use Around the World Right Now

January 20th, 2019

Cryptocurrencies are gradually becoming a viable payment option across a range of markets and jurisdictions. If there is a tool that significantly expands the usability of digital coins in a world still dominated by traditional payment systems, it’s the crypto debit card. A growing number of reliable platforms offer the fintech product to bitcoin enthusiasts….

Lightning Network Co-Creator Is Designing a Scaling Solution Called Utreexo

January 20th, 2019

A blockchain researcher has been working on a scaling effort for the unspent transaction output set found in the Bitcoin protocol. According to Tadge Dryja’s recently published description of research, the software engineer is working on a dynamic accumulator called Utreexo. The project could theoretically allow network participants to verify the state of the chain’s…

Chile to Start Taxing Cryptocurrency Earnings in Second Quarter of 2019

January 19th, 2019

Chile is to start taxing cryptocurrencies in April when taxpayers pay their yearly income taxes, but it’s unclear at what rate. According to local media reports, the country’s revenue authority has included crypto assets in the Annual Income Tax Returns form, which will be declared as “other own income and/or third-party income from companies that…