Millions of Bitcoins May Be Lost Forever
Jameson Lopp, a former Engineer for BitGo and the current Engineer for CasaHODL, claims that over BTC 4 million have been lost and over BTC 2 million have been stolen. This suggests that there are much fewer Bitcoins in circulation than the total supply of BTC 17.13 million that have been mined since the genesis block. […]
Major Israeli Exchange to Pass on Client Crypto Details to Tax Office
A local Israeli cryptocurrency exchange has agreed to pass on client information to tax authorities as part of a government drive to tighten cryptocurrency regulations, according to local Israeli news source Calcalist. Major Israeli crypto exchange Bits of Gold will pass on details relating to large cryptocurrency deposits over $50,000 total in the last 12 […]
Crypto Giant Huobi Australia-Bound for ‘Knowledgeable and Sophisticated’ Trading
Singapore crypto giant Huobi has announced it has begun trading from Sydney on its new Australian platform, reports the Asia Times. It has been a huge week for Huobi, the world’s third-largest crypto exchange by trade volume also announced that it has opened registration on its newly created U.S.-based “strategic partner” trading platform. The new […]
Facebook Creates Director of Engineering Blockchain Position
Facebook has confirmed that they have created a new position, Director of Engineering Blockchain, and have appointed Evan Chang. This is the latest in a series of developments that show social media powerhouse Facebook is considering blockchain technology integration. Evan Chang was the head of Programmable Languages & Runtimes at Facebook for the past 3 […]
How Much Would Bitcoin’s Price Be If It Extinguished Fiat Currency?
An interesting thought experiment can be conducted in regards to what Bitcoin’s price would be if all fiat currency ceased to exist, and if all of that money were put into Bitcoin. This can be defined as Bitcoin’s extinguishing capacity. There are varying answers depending on what is defined as money, and money supply estimates […]
