Philippines Increasingly Crypto Friendly – A Look at Driving Forces

August 18th, 2019

There are many reasons why the Philippines is becoming increasingly crypto-friendly. Not only has its central bank registered more crypto exchanges recently, but the Securities and Exchange Commission has also been actively finalizing crypto guidelines. The country has an active crypto community, and one of its largest banks has engaged in multiple crypto projects. Rising…

IRS Revoking Passports Shows How Government Erodes Everything We Hold Dear

August 17th, 2019

If you have outstanding tax debt, the IRS may now want to take your passport. For U.S. crypto holders still waiting on promised IRS guidelines for filing — especially those overseas who may have missed these warning memos — the over 400,000 agency notifications issued since February last year are troubling. This kind of behavior…

Bitcoiners Brace for More Performance Art and Another ‘Satoshi Reveal’

August 17th, 2019

On Friday, a variety of paid press releases were published stemming from a company called Satoshi Nakamoto Renaissance Holdings, a firm that claims a big “reveal” is coming on Sunday, August 18. According to the announcement, Satoshi Nakamoto will divulge his “real-life identity” alongside his “country of origin, education, professional background, and why he has…

Breaking: Bakkt Platform Receives All Approvals, CEO Announces Launch Date

August 16th, 2019

The much anticipated Bitcoin Futures Platform, Bakkt has finally been confirmed for launch. After a delay of approx. nine months the Bakkt Platform is finally set for launch. According to a recent post from the CEO of Bakkt, Kelly Loeffler, That vision will be realized on September 23 when Bakkt launches custody and physically-delivered daily and monthly…

Bitcoin (BTC) Flashing Buy Signals but $9,200 Will Have to Be Tested First

August 16th, 2019

Bitcoin continues to drag altcoins into the ‘crypt’. Following the drop from the former consolidation range above $11,200, BTC/USD has been unable to make headway above $10,000. The recent plunge failed to find support at $10,000 and $9,500 respectively. However, the price hit a low at $9,480 (on Coinbase) giving way for a shallow recovery….

Hong Kong Protest Leader Hopes to Incite Run on Chinese Banks

August 16th, 2019

The 11th week of protesting in Hong Kong has passed as the world has witnessed massive sit-ins at the national airport and demonstrations across several locations citywide. The 2019 anti-extradition bill protests have affected Hong Kong’s local economy, investors have dumped on the benchmark Hang Seng index, and now pro-independence activist, Chen Haotian, has called…

Argentina’s Peso Collapse Shows Governments Shouldn’t Control Money

August 14th, 2019

Whenever bitcoin experiences a sharp drop or volatility, mainstream media analysts jump to declare that cryptocurrency isn’t stable enough to be considered money. The double-digit crash of the Argentine peso in one day, simply due to an election in the country, can be said to prove the same about fiat. Vote Sends Peso Into Free…

Elon Musk Supports Yang – But Does Andrew Yang Really Support Bitcoin?

August 14th, 2019

There’s much talk about multi-billionaire innovator Elon Musk’s newly announced support for Democratic presidential candidate Andrew Yang. Yang, known as the Bitcoin-friendly choice for 2020, has a reputation for innovation with his unique stance on Universal Basic Income, emphatic blockchain talking points, and acceptance of crypto donations. But it remains to be seen if the…

Chinese Selling Bitcoin at a Discount, Is the ‘Safe Haven’ Narrative a Misconception?

August 12th, 2019

The relatively positive perception change from China on Bitcoin came as positive news last month. The Chinese legal system recognized Bitcoin as a virtual property and then the Central Bank issue an info-graphic about it. Moreover, the devaluation of the Chinese currency is continually affected the purchasing power of citizens. However, the narrative of Bitcoin as…

Bitcoin Sees Constant Demands In Hong Kong As Protesters Seek Anonymity

August 12th, 2019

The demand for bitcoin in Hong Kong has soared higher and higher by the weeks as protesters seek the anonymity of transactions and privacy from law enforcers in the country. Bitcoin Trades At A Premium On TideBit At the moment, the price of bitcoin on popular Hong Kong crypto exchange, TideBit is about $11,477.34, about…