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7nm ASICs Will Bring Bitcoin Mining to a Whole New Level

7nm ASICs Will Bring Bitcoin Mining to a Whole New LevelThis week news.Bitcoin.com reported on the Japanese corporation GMO Group announcing plans to start a bitcoin mining operation using 7 nanometer (nm) semiconductor chips. Many bitcoiners are curious about this news as 7nm chips are not commercially produced at the moment. However, many people still understand the introduction of more advanced ASIC processors will be […]

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September 11, 2017 0

Chiasso, Switzerland Municipality to Allow Citizens to Pay Taxes in Bitcoin

The Swiss municipality of Chiasso has announced that it will accept tax payments in bitcoin from January 2018 onwards. The announcement signifies a further gathering of momentum for Switzerland’s bid to become a global leader in the bitcoin and cryptocurrency industries, with Chiasso seeking to rival Zug’s Crypto Valley as a major global hub for […]

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September 10, 2017 0

Korean Court Rules Bitcoin Cannot Be Confiscated

A South Korean district court has ruled for the first time regarding the nature of digital currencies. In the case where 216 bitcoins were seized by the police as criminal proceeds, the court ruled that it is inappropriate to confiscate bitcoins. Also read: South Korea to Dispose of 216 Bitcoins in First Public Auction The Court’s Ruling […]

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September 9, 2017 0

US Politicians Want Tax Exemptions For Bitcoin Purchases Less Than $600

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 […]

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September 8, 2017 0

Tel Aviv Gets a New BTM and Bitcoin Museum in the Historical Bauhaus Center

Tel Aviv Gets a New BTM and Bitcoin Museum in the Historical Bauhaus CenterOver the past couple of weeks, there have been a few pictures shared across forums of a new cryptocurrency store called “Bitcoin Change” located in the well known Bauhaus building in Tel Aviv. The shop co-founded by Avner (Abe) Ziv hosts a new bitcoin automated teller machine (BTM) and will also provide a bitcoin museum […]

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September 8, 2017 0

Japan’s Internet Giant GMO Launching Bitcoin Mining with 7nm Chips

Japan's Internet Giant GMO Launching Bitcoin Mining Empire with 7nm ChipsJapan’s leading internet conglomerate and bitcoin exchange operator GMO has announced that it is expanding into the businesses of bitcoin mining and chip manufacturing. The company revealed plans to produce and sell 7nm semiconductor chips and run a mining facility in Northern Europe. Also read: GMO Releases Details of Bitcoin Trading Platform to Launch on May […]

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September 8, 2017 0

Project to Subsidize Electricity Costs to Cryptocurrency Miners Underway in Russia

Project to Subsidize Electricity Costs to Cryptocurrency Miners Underway in RussiaThe preparation of a pilot project is underway in Russia to subsidize electricity costs to cryptocurrency mining farm owners, according to local publications. Meanwhile, interest in bitcoin, ether, and mining have been growing significantly this year. Also read: Russia Discusses Starting Cryptocurrency Mining With Its 20+ Gigawatt Surplus Pilot Project Benefiting Cryptocurrency Miners The Institute for […]

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September 7, 2017 0

SEC Chairman Believes ICO Investors Do Not Understand Risks

Jay Clayton, Chairman of the United States Securities and Exchange Commission (SEC) has articulated his concern that most ICO investors do not fully understand the “substantial risks” associated with initial coin offerings. Also Read: A Phone Call From SEC Pressures ICO Startup to Close Operations and Refund The SEC Does Not Believe That the Majority of […]

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September 7, 2017 0

Chainside Launches Segwit-Compliant Python 3 Bitcoin Library ‘BTCpy’

This week the bitcoin software startup Chainside released a new Python 3 Segwit-compliant Bitcoin library called “BTCpy.” The company hopes the new codebase will further blockchain development and that businesses can integrate Bitcoin software with ease. Also read: Bitcoin Is Becoming a Popular Investment for Middle-Class Americans Introducing BTCpy – a New Python 3 Segwit Compliant […]

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September 6, 2017 0

Bitcoin.com Just Added Bitcoin Cash Functionality For All Wallet Versions

Bitcoin CashA couple weeks ago, here at Bitcoin.com, we mentioned we were working on integrating bitcoin cash (BCH) into all versions of our wallet application. Now we are overjoyed to announce we just rolled out BCH in its entirety. All users, readers, and customers can easily assess bitcoin cash functionality on their bitcoin.com wallets. You should […]

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September 6, 2017 0