Bitcoin

IMF Has Another Trick Up Its Sleeve When Fiat Fails – Its Own Coin SDR

October 14th, 2019

Virtually everybody knows what a dollar is, but not as many know about the SDR. The International Monetary Fund’s (IMF) Special Drawing Rights is an international, monetary reserve system created specifically to address the limitations of gold and standard fiat currencies such as the USD. In short, should this fail, central banks, and their governments…

More Nations Join the Club of Crypto-Friendly Jurisdictions

October 13th, 2019

Regulatory barriers are a major concern for businesses working with decentralized assets. Not all governments, however, are putting obstacles in front of crypto companies. In fact, the number taking a crypto-friendly stance is in fact increasing. Executives View Regulations as the Biggest Threat Government regulations are a determining factor for the business climate crypto companies…

Android Tool Lets You Check Crypto Payment Apps for Double-Spends

October 13th, 2019

The risk of double-spending has traditionally been a major obstacle to creating and fully using digital money. A flaw of this kind would be detrimental to the credibility of any system claiming to provide universal solutions to the financial needs of our era. Whoever created Bitcoin elegantly solved the difficult task, but a growing ecosystem…

Dutch National Bank Says Gold Can Re-Start Economy in Case of Total Collapse

October 13th, 2019

An article found on the De Nederlandsche Bank (DNB) website has surprised many in the crypto space, with its bold claim that “If the entire system collapses, the gold stock provides a collateral to start over.” While proclamations of this nature are nothing new, it is strange to see a mainstream financial institution open up…

IRS to Require 150 Million Filers to Disclose Crypto Activities

October 12th, 2019

The U.S. Internal Revenue Service (IRS) has unveiled a new draft tax form used by some 150 million people in the country to file tax returns. It has a section that requires them to answer whether they have received, sold, sent, exchanged, or acquired any financial interest in any cryptocurrencies during the year. New Tax…

4 New High-Powered Bitcoin Miners Revealed

October 12th, 2019

Bitmain Technologies and Canaan Creative have announced new mining rigs that process roughly 58-73 terahash per second (TH/s). Sources also reveal that Canaan’s initial public offering (IPO) could be listed in the U.S. next month. Bitmain and Canaan Introduce Bitcoin Miners That Process 70 Terahash per Second The 2019 World Digital Mining Summit (WDMS) has…

Turkey Throws Another Wrench Into the USD’s Works and Joins Russian Swift

October 11th, 2019

The dominance of the U.S. dollar as the global reserve currency is being robustly challenged on all fronts. Other geopolitical powers and smaller but important players are unwilling to accept the political influence Washington exerts through its fiat money. And in times of trade wars, sanctions, and even tensions between allies, the push to dethrone…

Decentralized Exchanges Are Evolving at Last

October 10th, 2019

The humble DEX has come a long way since the days of Etherdelta. While not all of those steps have been forward – such as the enforcement of KYC on IDEX – the scope and quality of decentralized trading platforms have evolved greatly. As an examination of several new and emerging platforms shows, DEXs can…

IRS Issues New Crypto Tax Guidance After 5 Years – Experts Weigh In

October 10th, 2019

The U.S. Internal Revenue Service (IRS) has issued long-awaited guidance on the tax treatment of cryptocurrencies. It is generally described by the crypto community as a mixed bag since some parts are useful while others have raised many more questions, particularly how cryptocurrencies from hard forks and airdrops are taxed. New Crypto Tax Guidance The…

XBT/USD Analysis: Bitcoin’s Surge To $9,200 Takes A Breather – BitMEX Margin Trading

October 10th, 2019

Bitcoin price reacted in almost the exact way we discussed yesterday. The largest cryptocurrency broke several barriers at $8,400, $8,600 and $8,700 before grinding to a halt around $8,712. The recovery is mostly connected to the positive technical picture displayed after the rejection from $8,300 found balance above $8,100. The rejection of a Bitcoin exchange-traded…