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Overstock, First to Pay Tax in Ohio Using Bitcoin

Overstock, First to Pay Tax in Ohio Using Bitcoin

As the tax season approaches, popular US-based online retailer Overstock has said in a press release on 3 January that it will be the first US company to pay some of its Commercial Activities Tax (CAT) to the Ohio State in Bitcoin. According to the press release, the payment will be done through the “state’s new cryptocurrency taxpayer platform, OhioCrypto.com,” …


HitBTC Denies Frozen Accounts Linked to Proof of Keys Event

HitBTC Denies Frozen Accounts Linked to Proof of Keys Event

About two days ago, a buzz about the alleged freezing of some customers accounts on one of the top cryptocurrency exchanges HitBTC was trending on several news headlines. At the time, the exchange did not respond to any of the allegations nor did any of the alleged victims have their complaints resolved. The allegation of the freezing of accounts was …


Crimean Blockchain Cluster Attractive to Foreign Investors, Says Muradov

Crimean Blockchain Cluster Attractive to Foreign Investors, Says Muradov

A press release published today by major local news media RIA Novosti says there is an increase in the demand for blockchain products and services within the Crimean region by foreign companies. Vice-Premier of the Crimean Government Georgy Muradov told the news agency that the blockchain hub and their potential is of particular interest to the Chinese. He said: “Our Chinese …


South African Government Takes Step Towards Regulating Crypto

South African Government Takes Step Towards Regulating Crypto

The South African government has open-mindedness towards developing the blockchain industry in the country. A regulatory working group has been reportedly set up to study cryptocurrency and the underlying blockchain technology, as reported by local media news outlet BusinessLive. Representatives from the Financial Intelligence Centre, Financial Sector Conduct Authority, Treasury, the Reserve Bank, and the SA Revenue Service (Sars) were …


Two Influential Authors Expose Subscribers to Bitcoin

Two Influential Authors Expose Subscribers to Bitcoin

The exposure of bitcoin and altcoins as alternate means of transfer of value is spreading like a wildfire, still, the adoption rate is quite incomparable to the level of awareness. Two influential authors have taken a rather unconventional route – being outside the cryptocurrency space to exploring the subject of Bitcoin. Tony Robbins, an influential life coach and author of …


Ethereum Set for January Spike, to Start Year on Positive Note With Constantinople

Ethereum Set for January Spike to Start Year On Positive Note with Constantinople

Ethereum has been earmarked by many cryptocurrency experts as heading for a massive spike in value early in 2019 as its Constantinople hard fork approaches. Ethereum which recently lost its spot as number 1 altcoin by market cap to Ripple has developers hoping that its hard fork scheduled for January will make the transition from Proof of Work (PoW) to …


Japan’s Regulator Swamped With Exchange Applications as New Year Approaches

Japan's Regulator Swamped with Exchange Applications as New Year Approaches

Japan’s financial regulator, the Financial Services Agency (FSA) is reported to have received 190 cryptocurrency license applications from exchanges as 2019 approaches. This happened after the FSA recently granted the newly formed Japan Virtual Currency Exchange Association (JVCEA) in Japan the power to oversee self-regulation within the cryptocurrency industry. The JVCEA had already applied to the FSA to become cryptocurrency’s …


Joe Lubin Sees “Bright Future” for Ethereum: “Sky Not Falling”

Joe Lubin Sees Bright Future for Ethereum Sky Not Falling

Joseph Lubin, Co-Founder of Ethereum and Founder of ConsenSys sees a “very bright” future for Ethereum. The ConsenSys founder’s comments give some comfort to Ethereum investors after a tumultuous year on the markets, which is only just beginning to show a bullish side in the lead into Christmas. His comments were responding to criticism of a proposed final total of …


Coinbase Makes Highest-Value Crypto Transfer in History

Transfer

Coinbase, one of the world’s largest and most widely used cryptocurrency exchanges, has made a transfer of over USD 5 billion in cryptocurrency, an amount believed to be the largest in the industry’s history. Reports indicate that 15 million Litecoin (LTC), 8.3 million Ether (ETH), and 870,000 Bitcoin (BTC) were transferred, eclipsing what was said to be the world’s previous …


Surge in Global ATMs Defies Crypto’s Downward Price Trends

Surge in Global ATMs Defies Crypto's Downward Price Trends

With Bitcoin trading at under USD 3,800 at the time, it marks a year of significant downward movement over a period of 12 months. Yet the rise in the number of global ATMs being installed is continuing. Bitcoin’s recent slump hasn’t seemed to have affected the ATM industry with reports that it’s healthier than ever, given that at the beginning …


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