Bitcoin

Global Crypto War Is Heating up – Iran Next in Line With Its Own Gold-Backed Coin

July 16th, 2019

Control of the U.S. dollar and the global financial system that depends on it gives the American government an incredibly powerful tool in shaping international affairs. As such, it is not surprising that its geopolitical rivals around the world will try to exploit the invention of cryptocurrency to take the USD down a peg. The…

Complete Indian Draft Crypto Bill Leaked – Experts Weigh In

July 16th, 2019

A draft cryptocurrency bill for India has been leaked in full, but details of the bill have raised some questions. News.Bitcoin.com talked to a number of experts in the field who shared their analyses of the bill’s content and its implications on the Indian crypto industry. A Complete Draft Bill Surfaces The draft cryptocurrency bill,…

Georgia Exempts Bitcoin From VAT to Become the Next Country to Affirm Its Currency Status

July 13th, 2019

Cryptocurrency taxation is a subject that concerns a growing number of users, traders, and investors. An area that creates a lot of confusion among taxpayers is the application of VAT, or the value-added tax most countries levy on the sales of goods and services. Georgia has become the latest nation to free crypto-fiat transactions from…

Miners Flock to Iran Where Bitcoin Mining Is Set to Be Sanctioned

July 12th, 2019

According to regional reports, the Central Bank of Iran (CBI) is planning to allow licensed cryptocurrency mining as long as operations are charged for electricity based on the price of export. The CBI governor, Abdol Nasser Hemmati, explained that mined cryptocurrencies should flow back into the Iranian economy. Chinese Miners Negotiate With Iranian Leaders to…

‘Zimdollar’ Reboot: Bitcoin Fills Liquidity Gaps as New Zimbabwe Currency Flounders

July 12th, 2019

P2P bitcoin trade is surging in Zimbabwe via mobile exchange platforms like Ecocash, despite recent government efforts to curb the use of competing currencies locally. As of June 24, the reinstated Zimbabwe dollar (formerly RTGS dollar) is now the only recognized currency in the economically embattled southern African country. Finance minister Mthuli Ncube sees the…

Expert Witness in Satoshi Case Claims Dr Wright’s Documents Were Doctored

July 11th, 2019

The Kleiman v. Wright case continues this week and a slew of new evidence has been submitted to the Southern District of Florida courthouse. A supplemental affidavit stemming from the Kleiman estate’s expert witness, Dr. Matthew Edman, indicates that documents submitted to the court as evidence were “modified” and “backdated.” Plaintiff’s Analysis of Documents Shows…

How 10 Countries Respond to Facebook’s Libra Cryptocurrency

July 11th, 2019

A growing number of governments have responded to Facebook’s cryptocurrency plans including China, France, India, Japan, South Korea, Russia, Singapore, Thailand, the U.K., and the U.S. Several intergovernmental organizations have also weighed in such as the European Central Bank and the Bank of International Settlements. Facebook’s Libra Project Facebook unveiled its plans last month for…

Market Outlook: Gold and Crypto Reap the Benefits of Economic Fear

July 10th, 2019

Cryptocurrencies have recovered from losses incurred a week ago, with many digital assets up 50-80% since July 2. For instance, eight days ago bitcoin core (BTC) tumbled to $9,650 and then back to a high of $13,150 yesterday evening. However, during the afternoon trading sessions on Wednesday, most of the top 20 cryptocurrencies have seen…

How to Encrypt Messages With PGP When Using Darknet Markets

July 8th, 2019

If you’re capable of shopping on the darknet, you’re capable of encrypting your order. PGP provides protection for both parties, thwarting man in the middle attacks and keeping busybodies at bay. The following guide explains how to install PGP and then use it to place an encrypted order on the darknet. Pretty Good Privacy Is…

US City Plans SLP Token and Canadian Platform Adds BCH in the Weekly Video

July 7th, 2019

An American city is planning to launch its own SLP token and a Canadian trading platform adds support for BCH pairs. Watch these and other developments discussed in this week’s video update on Bitcoin.com’s Youtube channel. American City Plans to Create Local SLP Token Dublin, Ohio, an American city of over 40,000 residents, is reportedly…