Bitpay: Bitcoin the “Under Pound Gorilla” Will Eclipse Many Other Currencies
Global Bitcoin payment service provider Bitpay is making some upbeat predictions for 2019 which certainly paint a different picture to the digital currency’s rocky ride as 2018 comes to a close. The Atlanta-based company’s Chief Commercial Officer (CCO) Sonny Singh predicts that 2019 promises to be an “exciting” year which will push Bitcoin’s value up […]
Bitcoin Institutional Investors Facing High Premiums
Some of the earliest Bitcoin investors seeking regulated exposure to the Bitcoin market have been forced to pay high premiums compared to Bitcoin spot price. At the peak of Bitcoin’s rally, some paid as much as twice Bitcoin’s market value. Launched in September 2013, the Grayscale Bitcoin Investment Trust (GBTC) was the first security solely […]
Blockchain VC Investment Hits All-Time High
Outlier Ventures has released research showing that venture capital (VC) investment in the decentralized blockchain technology is at its highest level yet. Its State of Blockchains for Q3 2018 report suggests that the rise in investment can be attributed to both the growing maturity of the industry and as an acting replacement of the dwindling initial coin […]
Colorado Securities Division Strikes Down 4 More ICOs for Law Violation
In its official announcement released on 20 November, the Colorado Division of Securities has placed orders to cease four initial coin offerings (ICOs) that were found to have violated securities laws. Since the start of investigations by the division’s dedicated ICO Task Force, Colorado Securities Commissioner Gerald Rome has issued a total of 24 cease […]
Gibraltar Blockchain Exchange Granted Highest Operating License
The Gibraltar Blockchain Exchange (GBX) has been granted an operating license by the country’s regulatory watchdog. The territory’s stock exchange has received a Distributed Ledger Technology (DLT) Licence, making it fully compliant to the nine-point guidelines instituted by the government in January earlier this year. These demand effective corporate governance, operating with honesty and integrity, and that […]
Norway Pulls Switch on Bitcoin Mining Tax Subsidies
Norway’s government is putting more pressure on cryptocurrency mining by following through with the threat that it was considering removing electricity tax subsidies on Bitcoin mining. Mining has been under stress recently as miners from around the world look for the next opportunity to tap into economical resources and ideal mining conditions. Norway not only […]
BitcoinNews.com Daily Podcast 22 November 2018: Bear Market Devours Mining Industry
Listen to the 22 November 2018 BitcoinNews.com Daily Podcast below. [su_audio url = “https://anchor.fm/s/58aba88/podcast/play/1773167/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fproduction%2F2018-10-23%2F5982500-44100-2-99eca4ea0fa39.mp3”] n this edition of the BitcoinNews.com Daily Podcast, we discuss how the crypto market has dropped again after being stable a couple of days. Hear about the bankruptcy of cloud mining firm Giga Watt, and how the Founder of Morgan Creek thinks […]
Bear Market Devours Cloud Mining Farm Giga Watt
Bitcoin cloud mining firm Giga Watt has declared Chapter 11 bankruptcy, leaving in its wake USD 10-50 million of unpaid liabilities. The cryptocurrency cloud mining industry and the mining industry, in general, is in an intractable situation due to the severe bear market of 2018. The price of Bitcoin has declined from USD 20,000 to less […]
Brazil Crypto Exchange Associations Send Proposals to Revenue Office
Brazil’s Cryptocurrency Exchange Associations ABCripto (Brazilian Association of Cryptoeconomics) and Brazilians Association for Cryptocurrencies and Blockchain (ABCB) have forwarded proposals to the Federal Revenue Service of Brazil (RFB) for public consultation. The move comes after the RFB enacted several new moves to account for monthly cryptocurrency transactions by exchanges and demanded control of these assets […]
Thanksgiving Bitcoin Reflections: Where to Next Year?
In the US, Thanksgiving is an important time of the year for reflecting on the fortunes of the past 12 months, and perhaps a time when one gives a thought to some of the things that perhaps didn’t go so well. For those Bitcoin enthusiasts sitting around the Thanksgiving dinner table, it is perhaps the […]
