Bitcoin

Market Outlook: Crypto Bulls Rally After Bearish Downturn

July 18th, 2019

Since July 13, digital currency prices have dropped in value significantly, but most coins have since experienced some recovery. While many crypto supporters are optimistic about where the markets are headed, traders and analysts have noticed a bullish-to-bearish trend. BTC and a slew of other currencies spiked more than 10% at 11 a.m. EST on…

Bitcoin and Voluntaryism – Where Libertarian Philosophy Meets Crypto

July 18th, 2019

For the uninitiated, voluntaryism is a philosophy based on consent. In the simplest terms it says: “If it’s not voluntary, it’s not moral.” This basic statement is often countered with “Yes, but not everyone agrees on that, some people use violence to get what they want.” This is 100% true. And this is why voluntaryists…

Ignore Crypto Twitter – Life as a Nocoiner Isn’t That Bad

July 17th, 2019

Crypto Twitter (CT) is filled with half-witted commentary and price predictions by so-called luminaries, maximalists, and influencers. As the price of BTC has dropped to four figures, the usual tweets from CT thought leaders has insisted that this is the last chance to buy bitcoin for under $10,000. This Is Your Last (Last) Chance to…

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…