Vietnamese investors are in a hurry to import crypto mining equipment. As the bitcoin price continues to flourish — despite the Chinese putting a stop to domestic ICOs — investors desperately want mining equipment. However, the legality of bitcoin and cryptocurrency in Vietnam is unclear, and getting miners through customs is difficult. Also read: Lead Developer […]
Two politicians want to make bitcoin purchases below $600 not subject to tax laws. The lawmakers, Representatives David Schweikert and Jared Polis, who are also co-chairs of the Blockchain Caucus, hope to lesson the tax burden on cryptocurrency users. They are calling their bill the Cryptocurrency Tax Fairness Act. Also read: Grayscale’s Trust Contemplates Creating Another Entity for […]
The post US Politicians Want Tax Exemptions For Bitcoin Purchases Less Than $600 appeared first on Bitcoin News.
A Russian Sputnik news article reported Telegram and Vkontakte founder hopes bitcoin will undermine US hegemony. Further, he believes the cryptocurrencies have the power to reshape the global finance system and escape US monetary control. Also read: Saxo Bank Offers Bitcoin Exchange Traded Notes Telegram Founder Praises Bitcoin for Changing the Financial Paradigm According to the […]
The post Telegram Founder Believes Bitcoin Will Undermine US Hegemony appeared first on Bitcoin News.
North Korea has allegedly been involved in unleashing cyber attacks against South Korean bitcoin exchanges and other blockchain companies. These attacks are possibly the result of economic sanctions against North Korea. Also read: Large Korean Conglomerate Gets Into Bitcoin Remittances Post Legalization A United Press International article elaborated; “The CWIC Cyber Warfare Research Center in South […]
The post North Korea Could Be Targeting Bitcoin Exchanges in Hacking Attack appeared first on Bitcoin News.
Blockchain.info just released a blog post saying they will support bitcoin cash (BCH). They have been monitoring it since the hard fork on August 1. Within the next 8 weeks they will be rolling out limited support for BCH via their settings panel. The panel is situated on the blockchain.info user wallet home page. Also read: A […]
Government agencies are looking further into adopting blockchain technology and bitcoin. They hope to commandeer these protocols in order to protect the military from mass-hacking campaigns, counterintelligence, and otherwise hostile attacks on their systems. The Pentagon has especially shown recent interest in using cryptographically-guarded blockchains to aid their operations. Also read: Bitcoin Cash Flips Mining Profitability […]
The post Government Agencies Adopting Bitcoin and Blockchain Technology appeared first on Bitcoin News.
Washington regulators recently introduced exchange rules for any firm wanting to allow customers to trade in cryptocurrency. They said they created Senate Bill 5031 to make the ecosystem fair for cryptocurrency exchanges and their customers. However, a number of exchanges have left the area, because they believe the rules were too burdensome. Now Washington lawmakers […]
The post Washington Politicians Defend Regulations as Cryptocurrency Exchanges Flee appeared first on Bitcoin News.
There are two cardinal rules bitcoin holders should follow to prepare for the bitcoin hard fork. These rules will help users protect their bitcoin and gain access to bitcoin cash after the fork resolves. Also read: Fork Watch: Korean Bitcoin Exchanges Divided on ‘Bitcoin Cash’ Bitcoin.com has had a lot of people inquire about how to […]
The post Hard Forking For Dummies: 2 Simple Rules to Access Your Bitcoin Cash appeared first on Bitcoin News.
Coindash is a blockchain company that helps investors manage investments and hedge those investments against other traders. This morning the startup’s token sale was hacked and 7 million dollars’ worth of ether were promptly stolen. The company left a warning on its token funding page advising investors to cease sending funds. Also read: Alphabay Phisher Makes $1 Million in
The post How Hackers Stole $7 Million in Ether From Coindash ICO appeared first on Bitcoin News.
The IRS intends to lessen the amount of customer data it originally wanted to siphon from Coinbase. Ongoing negotiations between Coinbase and the IRS have yielded concessions on part of the IRS legal team. A trial attorney for the Department of Justice, Amy Matchison, recently said the IRS would narrow their specific data request from Coinbase. Also
The post IRS May not Get as Much Customer Data From Coinbase as Requested appeared first on Bitcoin News.