Bitcoin

Chile to Start Taxing Cryptocurrency Earnings in Second Quarter of 2019

January 19th, 2019

Chile is to start taxing cryptocurrencies in April when taxpayers pay their yearly income taxes, but it’s unclear at what rate. According to local media reports, the country’s revenue authority has included crypto assets in the Annual Income Tax Returns form, which will be declared as “other own income and/or third-party income from companies that…

Plaintiff in AT&T SIM-Swapping Case Sues ‘Bitcoin Bandit’ for $81M

January 19th, 2019

The plaintiff in a $224M lawsuit against wireless carrier AT&T has turned his attention to a new target. Michael Terpin’s legal team have filed a second suit, this time against 21-year-old Nicholas Truglia, dubbed the “bitcoin bandit” by the New York press. The Manhattan resident, who was arrested on unrelated SIM-swapping charges in November, now…

Cumulative Volume on Huobi Derivative Market Exceeds $20 Billion

January 19th, 2019

Huobi has announced that its cryptocurrency derivative platform, Huobi DM, has surpassed $20 billion in cumulative trading volume. The announcement comes just one month after the platform exited beta mode. Huobi DM Cumulative Trade Volume Doubles in 2 Weeks Huobi Derivative Market has announced that the cumulative trade volume on the platform has exceeded $20…

Markets Update: Cryptocurrencies Follow Bullish Piercing Pattern as Buyers Advance

January 19th, 2019

Digital currency markets have seen some gains during the early morning trading sessions on Saturday. Since our last markets update, the entire cryptocurrency economy has gained $4 billion and a slew of the top digital assets are up between 2-6% over the last 24 hours. Top Markets Gain More Than 5% in Minutes For at…

The Daily: Sapphire Develops GPU for Grin, TSMC Sees Drop in Mining Revenue

January 19th, 2019

In The Daily this Saturday, Sapphire has designed a new graphics card suitable for mining the recently launched Mimblewimble cryptocurrency Grin. In other news related to the minting of digital coins, Taiwan Semiconductor Manufacturing Company has reported a significant decrease in its revenues from the mining segment, and some Ethereum miners have switched to Constantinople…

Eastern European P2P Markets See Strongest BTC Volume in Over 12 Months

January 19th, 2019

Eastern European peer-to-peer (P2P) markets have seen a spike in trading activity, with the Russian, Ukrainian, Romanian, and Kazakh Localbitcoins markets posting the strongest volume in over 12 months when measured in cryptocurrency. Russian P2P Markets Post Strongest Trade in 19 Months During the week of Dec. 29, 2018, approximately 4,565 BTC worth of trade…

Chatter Report: Luke Says Segwit Harmful to BTC, Baker Explains Stablecoin Regulation

January 19th, 2019

In today’s roundup of crypto chatter, Luke Dash Jr. voices concerns that segwit is bad for BTC because it leads to centralization. Also, Brad Mills shares his insight after using Cointext. Lastly, Lawson Baker, Blake Moore, and Andreas Brekken discuss how regulation affects stablecoins. Luke Dash Jr. Reminds Users Not to Use Segwit Bitcoin Core…

The Daily: Crypto’s Latest VR World, New Blockchain Analytics Tools

January 17th, 2019

As the maxim goes, bear markets are good for building out cryptocurrency infrastructure – or “buidling” as the meme of the meme goes. Thursday’s installment of The Daily is rich in examples of the sort of development work being undertaken across the industry. From dapp trackers to virtual worlds, there’s a little bit of everything…

Indian Supreme Court Pushes Crypto Case Against RBI to End of February

January 17th, 2019

The case against the crypto banking ban by the Reserve Bank of India (RBI) was unexpectedly heard at the country’s supreme court on Thursday. However, senior advocates for the parties were reportedly absent, so a new date has been set and the crypto case will be “top of the list” on that date. Caught by…

Bitpay Reports Processing Over $1 Billion Transactions in 2018

January 17th, 2019

Popular cryptocurrency payment processor Bitpay has released figures showing that the company maintained strong performance during 2018, despite the downturn in the market. For example, while other ventures had to downsize recently, Bitpay’s staff increased by 78 percent from the previous year. B2B Business Grew Almost 255% YoY Bitpay has announced strong performance for the…