Category: News

Bitcoin Cash Adoption Continues to Spread in North Queensland and Japan

Bitcoin Cash Adoption Continues to Spread in North Queensland and JapanBCH merchant acceptance has continued to grow month after month but there are a few regions in the world where bitcoin cash retail acceptance is thriving. Over the last few weeks, North Queensland and Japan have shown significant growth and continue to dominate as some of the densest territories of BCH merchant adoption worldwide. Also […]

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Bitcoin Futures Update: Bakkt Testing, CME Breaks Records, and a $100K Call Option

Bitcoin Futures Update: Bakkt Testing, CME Breaks Records, and a $100K Call OptionOver the last few months, the interest surrounding cryptocurrency derivatives products has been growing fast. For some time now, open interest in CME’s bitcoin futures has been breaking records. Bakkt’s futures platform began testing contracts on Monday and the company says there are participants from all around the world. Elsewhere, bitcoin derivatives provider Ledgerx is […]

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The Myth of Authority: Mnuchin Denies USD Is Used Criminally

The Myth of Authority - Steven Mnuchin Claims Nefarious Activities Not 'Successfully Done' With CashU.S. Treasury Secretary Steven Mnuchin has once again weighed in on bitcoin, claiming the U.S. dollar has not been used to finance “nefarious” activity on a recent episode of CNBC’s Squawk Box. Democratic House Representative Maxine Waters also dropped a tasty nugget of a soundbite as well, sharing her thoughts on “bitcom” and the need […]

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

Life as a Nocoiner Will Be Dismal According to the 'Last Chance' Bitcoin CrowdCrypto 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. Also read: Bitcoin Cash Update: Multi-Party Escrow, […]

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Global Crypto War Is Heating up – Iran Next in Line With Its Own Gold-Backed Coin

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 […]

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Spain Thwarts Bitcoin ATM Scam, Prompting Regulatory Debate Worldwide

Spain Thwarts Bitcoin ATM Scam, Prompting Regulatory Debate WorldwideBitcoin ATMs are not currently governed by EU money laundering regulations, and arrests coordinated by Spanish police and Europol in May are bringing new focus to this loophole. A group of eight Spanish and Latin American individuals have been arrested, along with several of their associates, for using crypto ATMs to fund drug traffickers in […]

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Bitcoin Cash Multi-Party Escrow, Retail Adoption, and Upgrade Discussions

Bitcoin Cash Multi-Party Escrow, Retail Adoption, and Upgrade DiscussionsAnother week has passed for the Bitcoin Cash (BCH) community and as usual, there’s been a bunch of announcements and developments. BCH supporters this week saw the release of a multi-party onchain escrow system, Ethereum cofounder Vitalik Buterin discussed using the BCH chain as a data layer, and more BCH-accepting merchants were onboarded. Also Read: […]

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How US ‘Keep Big Tech Out of Finance’ Draft Bill Targets Facebook’s Libra

US Bill 'Keep Big Tech Out of Finance’ Discussion Draft Targets Facebook's LibraFacebook’s digital currency plans have caused concern among bureaucrats worldwide and members of the U.S. government seem fearful of a giant tech establishing itself as a financial institution. Prior to the U.S. congressional hearings and the upcoming G7 finance meeting, a U.S. discussion draft bill, the Keep Big Tech Out of Finance Act, hopes to […]

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Panda Group’s Crypto Terminals Offer Venezuelans a Bridge to Economic Prosperity

Arley Lozano, founder of the cryptocurrency based startup Panda Group, recently explained how his firm is spreading cryptocurrency adoption throughout Colombia and Venezuela. Panda Group has deployed 10 hybrid cryptocurrency point-of-sale (PoS) terminals that also act as automated teller machines (ATM). Four of the machines are situated near the border of Venezuela, giving refugees from […]

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South African Payment Gateway Drops BTC Over Fees and Network Congestion

South African Payment Gateway Drops BTC Over Fees and Network CongestionOn July 12, South African payment gateway service Payfast announced the company is dropping bitcoin core (BTC) payments due to network congestion and high fees. Payfast emphasized that BTC has a number of limitations and design flaws which makes it an “impractical substitute for cash.” Also read: G20 Leaders Issue Declaration on Crypto Assets – […]

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Miners Flock to Iran Where Bitcoin Mining Is Set to Be Sanctioned

Iran’s Central Bank Will Allow Bitcoin Mining Operations as Miners Flock to the Oil-Rich NationAccording 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. Also read: Bitcoin Miner Recounts Struggle to […]

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‘Zimdollar’ Reboot: Bitcoin Fills Liquidity Gaps as New Zimbabwe Currency Flounders

'Zimdollar' Reboot: Bitcoin Fills Liquidity Gaps as New Zimbabwe Currency FloundersP2P 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 […]

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Win 2019 Rugby World Cup Tickets When You Play at Games.Bitcoin.com

Are you a cryptocurrency user and rugby fan who’s always dreamed of going to the World Cup? Here’s your chance to win tickets to the 2019 Rugby World Cup in Japan, including flights and accommodation, in an exclusive competition at Games.Bitcoin.com. Also Read: Bitcoin Cash ETP Lists on Leading Swiss Stock Exchange SIX How to […]

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Expert Witness in Satoshi Case Claims Dr Wright’s Documents Were Doctored

Kleiman's Expert Witness Claims So-Called 'Bitcoin Inventor's' Documents Were DoctoredThe 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.” Also Read: Bitcoin Cash Scaling […]

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How 10 Countries Respond to Facebook’s Libra Cryptocurrency

How 10 Countries Respond to Facebook’s Libra CryptocurrencyA 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. Also read: G20 Leaders Issue Declaration on Crypto Assets – […]

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IRS Agents Propose Draconian Tactics to Investigate Bitcoin Users

A Look at the Shocking Tactics IRS Agents Suggest Using to Investigate Bitcoin UsersA recently published U.S. Internal Revenue Service (IRS) slide describes alarming recommendations on how tax agents should deal with digital currency users who are not paying taxes. The slide recommends that agents question crypto users’ friends and family, comb through social media posts and issue subpoenas to make sure U.S. residents are paying taxes on […]

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Swap and Track BCH on the New Shapeshift Suite for Noncustodial Crypto Management

Swap and Track BCH on the New Shapeshift Suite for Noncustodial Crypto ManagementShapeshift, the company that allows traders worldwide to exchange hundreds of cryptocurrency pairs launched its new crypto platform that now offers an integrated suite of digital asset management in a noncustodial fashion. The firm believes the latest release offers a true end-to-end solution that aims to bolster free market finance. Also Read: Bitcoin Cash Scaling […]

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Experts Dissect Craig Wright’s ‘Satoshi’ Testimony and Court Documents

Experts Dissect Craig Wright's So-Called 'Satoshi' Testimony and Court DocumentsLast week, Craig Wright, the man who claims he’s Satoshi Nakamoto, appeared in court and testified why he did not have access to his public bitcoin addresses and trust information. Since then a lot of new evidence has been submitted to the court and members of the crypto community have dissected Wright’s recent testimony and […]

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Bitcoin Cash Scaling Benchmarks, Brewdog, and Rising Transaction Volume

BCH Adoption Roundup: Scaling Benchmarks, Brewdog, and Rising Transaction VolumeOver the last week, there’s been lots of going on within the Bitcoin Cash (BCH) environment with companies implementing BCH support, new applications, and various announcements. While Bitcoin Cash supporters keep bolstering adoption, development and community projects have continued to flourish. Also Read: Over 22,000 Traders Have Now Signed up to Local.Bitcoin.com The Bitcoin Cash […]

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City of Dublin Ohio Plans to Launch Bitcoin Cash-Based SLP Token

City of Dublin Ohio Plans to Launch Bitcoin Cash-Based SLP TokenOn July 1, Joshua Green, CEO of the Bitcoin Cash (BCH) implementation Bitcoin Verde, told the BCH community that the local government from Dublin, Ohio plans to mint a token using the Simple Ledger Protocol (SLP). The unnamed SLP token will be used for city events, redeemed for city-branded swag, discounts, and can be given […]

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Bitcoin and Black Market Fiat: Hyperinflation Crushes Venezuela as Global Devaluation Ramps Up

Venezuela is being crushed by staggering hyperinflation as a sharply divisive political crisis has the economy in ruins. Some are seeking refuge in alternatives to the national currency, like foreign fiat and crypto. The situation also calls into question the long-term trajectories of other, less volatile economies. National banks globally have been consistently struggling to […]

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Ross Ulbricht Letter Questions the Wisdom of Imprisoning Non-Violent Offenders

Forced to spend the rest of his days in a cage, Ross Ulbricht has recounted his situation in a letter, which explains how he’s spent more than 2,096 days in a U.S. federal penitentiary for running a website. Also Read: Bitcoin ‘Inventor’ Craig Wright Claims He Can’t Access Coins in Court Testimony Ross Ulbricht Reflects […]

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Bitcoin ‘Inventor’ Craig Wright Claims He Can’t Access Coins in Court Testimony

Self-Proclaimed Bitcoin 'Inventor' Claims He Can't Access Coins in Court TestimonyOn June 28, Craig Wright, the Australian native who claims to be Satoshi Nakamoto, spent the day in a Florida court battling with the Kleiman attorney. Wright became emotional when he told the court that he designed the network but didn’t like how it turned out. At one point he told the court he was […]

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Craig Wright Intends to Call Three Expert Witnesses to His Evidentiary Hearing

Craig Wright Intends to Call Three Expert Witnesses to His Evidentiary HearingThe man who claims to have invented Bitcoin, Craig Wright, will be appearing in court on Friday, June 28 in West Palm Beach, Florida for an evidentiary hearing. According to recently filed documents in the Kleiman v. Wright lawsuit, the defense has provided notice that Wright intends to call three witnesses during the hearing. In […]

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