Decentralized Finance Is Blossoming, But Just How Decentralized Is Defi?

January 30th, 2020

The defi market has hit an all-time high as the total value locked up in decentralized finance has surged past $850 million. A flurry of new applications, privacy proposals, wallets, DEXs, and protocols is extending the limits of what defi is capable of. This jubilation should be countered with a healthy dose of caution, however,…

Deutsche Bank Report: Digital Yuan Could Upset Global Power Balance, Plastic Will Die, Cash Survive

January 29th, 2020

A new report from Deutsche Bank Research, Digital Currencies: the Ultimate Hard Power Tool, predicts that cash payments will remain for decades, but the emergence of digital payments “will lead to the death of the plastic card.” The report, which is the third installment in a series of payments by the group, points to economies…

Localcryptos Lets You Cash Out BTC P2P – Minus the KYC 

January 28th, 2020

If you’ve ever had a sudden need for fiat while all in crypto, you’ll understand the difficulty of cashing out without KYC-ing away your identity and that of your unborn children. Localbitcoins is now an AML hellhole, Bisq is great if you’re happy to wait two days for a trade, which leaves what exactly?….

Spill Your Sats: H&R Block Tells Crypto Customers to Self-Report on Taxes, Even If Imperfectly

January 27th, 2020

Tax season for United States residents is fast approaching, and the IRS wants to know about everyone’s involvement in the crypto space. Thanks to a recently updated income tax form including a question about crypto activity, tax preparation companies like H&R Block are advising filers to be sure to disclose their details. The service maintains…

Regulatory Roundup: New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies

January 23rd, 2020

In this roundup, we cover an exceptionally busy week for crypto regulations around the globe. We start our coverage with the U.S. Virtual Currency Tax Fairness Act of 2020, actions by the SEC, Ripple’s lawsuit, India’s supreme court hearings, Australia green-lighting a bitcoin retail fund, Thailand approving a new crypto exchange, and new crypto guidelines…

These Online Stores Are Bitcoin Only

January 21st, 2020

The number of stores that accept cryptocurrencies such as BTC and BCH is growing. But while such stores will accept bitcoin alongside existing fiat payments, a handful operate in reverse. These online shops are bitcoin only and they’ve no intention of accepting fiat currency – ever. Your Filthy Fiat’s No Good Here In a world…

XBT/USD Analysis: Bitcoin Re-ignited Bullish Wave Is Fixated On $9,000 – BitMEX Margin Trading

January 17th, 2020

Bitcoin recently soared to higher levels compared to the ones traded at the beginning of the year. The price cleared several barriers including $8,900. However, the momentum lost its mojo before testing the resistance at $9,000. The correction that followed saw Bitcoin dive towards $8,500. Fortunately, immense buying pressure emanated from the support at $8,570…

Uzbekistan to Create National Mining Pool, Launch Licensed Exchange

January 16th, 2020

Establishing a “national mining pool” has been declared a priority in Uzbekistan. Miners who join the pool will enjoy lower electricity rates, announced the country’s agency overseeing the crypto industry. The Central Asian nation is also preparing to launch a licensed cryptocurrency exchange, where miners will be able to sell the coins they have minted….

Is Bitcoin (BTC) Rallying to $8,500 Because Craig Wright Can’t Prove He His Satoshi?

January 14th, 2020

Bitcoin (BTC) gains are in single digits, up 5% in the last day of trading. However, this is enough to sustain bulls and keep prices above the $8,000 mark. Now, there are some Twitter commentators linking this unexpected rally to Craig Wright’s inability to liquidate the 1.1 million BTCs he claims to own in trust…

Bitcoin (BTC) Will Soon Enter a “New Era”, is $9,000 inbound?

January 13th, 2020

Bitcoin will soon enter a “new era” if price action is anything to go by. This is the view of one crypto commentator and analyst on Twitter, MoonOverlord. As per his Wyckoff analysis, Bitcoin is in the early stage of a possible rally that could lift prices to new highs following accumulation. BTC Dominance and…