Bitcoin

Five of the Most Important Use Cases for Cryptocurrency

July 28th, 2019

Crypto assets have come a long way since Bitcoin. What started out as a P2P payment system has spawned an array of use cases that extend far beyond the original designation of cryptocurrency. While the primary function of crypto assets such as ETH and BTC is a matter of some debate, what’s indisputable is that…

Bitcoin Records 5% Loss In Minutes, Gives In To Sell-off Pressure

July 27th, 2019

Bitcoin (BTC) has lost more than $500 in a matter of minutes having to give in to a massive sell-off pressure which saw it trading around $9,400 area. This quick decline represented more than 5% loss in percentage price and now BTC has broken a major support level at the $10,000 corner. The BTC/USD pair,…

10,000 American Cryptocurrency Owners Will Receive Warning Letters From the IRS

July 27th, 2019

On July 26, the U.S. Internal Revenue Service (IRS) announced that the tax agency has started sending letters to American cryptocurrency owners advising them to pay their taxes. According to the organization, three types of letters will be sent to more than 10,000 taxpayers by the end of August. The news follows the recent IRS…

How Government Agencies Make Criminals of Crypto Traders

July 26th, 2019

A New Jersey man has been indicted this week for converting over $2 million to bitcoin and operating a private exchange business not registered with the U.S. Secretary of the Treasury. According to a July 24 press release by the U.S. Attorney’s office, 46-year-old William Green could face up to five years in prison and…

Le Roux Biographer: Cartel Boss Is the Most Credible Satoshi Yet

July 24th, 2019

Paul Le Roux is a criminal kingpin turned criminal informant whose misdeeds have filled a book. The author of that tome is investigative journalist Evan Ratliff, whose rip-roaring tale has recently received a postscript: Le Roux may also be Bitcoin creator Satoshi Nakamoto. This week on the Humans of Bitcoin podcast, Ratliff expounded on that…

Another Self-Proclaimed Satoshi Appears in the High Profile Bitcoin Lawsuit

July 24th, 2019

A new filing has been submitted to the ongoing Kleiman v. Wright case stemming from a man who claims to be Satoshi Nakamoto. The man, named Debo Jurgen Etienne Guido, has sent handwritten testimony to the Southern District of Florida courthouse asserting that he is the “genuine and only originator/creator” of the genesis block that…

Money and Democracy: How the Elite Manipulated Ledgers and Created a Social Ranking System

July 22nd, 2019

Money is one of the most important but least understood manmade tools in existence. For more than 5,000 years humans have used a tool of exchange called money to facilitate trade. During this timespan, the evolution of money has evolved into a system of information, a social contract, and a ranking system. Introducing the General…

Deutsche Bank Collapse Could Crash Global Financial Markets

July 21st, 2019

German financial services giant Deutsche Bank AG is one of the largest and most important economic institutions in the world. Mainly due to self-imposed scandals, the bank is now having to taking drastic measures to stay afloat. Investors everywhere should note that if such a critical piece of the too-big-to-fail banking system falters, it could…

Crypto Bullishness Spreads on Capitol Hill

July 21st, 2019

U.S. Congress has shown that it is starting to care about cryptocurrency as a number of lawmakers spoke up in favor of it this week. “The world Satoshi Nakamoto had envisioned is an unstoppable force” and “there’s no capacity to kill bitcoin” are some of the comments made by lawmakers. Meanwhile, the Fed chair said…

Why You Can’t Bet With Bitcoin at Online Casinos in the US

July 20th, 2019

Since the dawn of Bitcoin, the cryptocurrency landscape has seen a lot of digital currency gaming websites where users can wager their coins in games like poker, dice, blackjack and slots. Because public blockchains are transparent, the protocols have made online gaming provably fair. However, throughout most states in the U.S., residents cannot participate in…