The Latest Bitcoin News

October, 2018

  • 4 October

    Blockchain for Aid

    An article by the Tampa Bay Times outlines how blockchain, the underlying technology of cryptocurrencies such as bitcoin, has improved the efficiency of tracking and delivering aid; especially at the international level. The UN’s World Food Programme (WFP) has experimented with blockchain technology since 2017, managing the aid for over 100,000 Syrian refugee camps in Jordan. There are about 740,000 …

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  • 3 October

    WSJ: Bots Manipulating Price of Cryptocurrencies

    According to an article by the Wall Street Journal, the use of trading bots for illicit activities can be one of the main causes for volatility in the cryptos market. Bad actors will employ a number of market manipulation tactics such as flooding, then immediately canceling, call orders or executing simultaneous trades with oneself to create a mirage of activity. …

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  • 2 October

    Online Fraud Expert Discusses Cyber-Security and Protecting Bitcoin

    Speaking with CNBC, Google’s email security lead Mark Risher talks about securing your bitcoin from online hackers. Beyond adopting various technical options to better secure your accounts from attack, how much you reveal about yourself online could increase the chances of both being scammed and successfully so. Whether you are a minnow or a whale in the crypto-market, you can …

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September, 2018

  • 28 September

    SEC, CFTC Move Against Bitcoin Futures Firm 1Broker

    Both the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have filed charges against 1pool Ltd., also known as 1Broker, and its Austria-based CEO for allegedly selling security swaps funded with bitcoin, violating federal security laws. In the press release issued by the SEC, it details that 1Broker “registered in the Republic of the Marshall Islands, …

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  • 27 September

    Bitmain Mining Company Files for IPO in China

    Chinese based Bitmain Technologies Ltd., which leads the world in producing cryptocurrency mining chips, is planning an initial public offering (IPO) in Hong Kong, according to a report by the Wall Street Journal. Information provided by their public filing indicates that $2.8 billion in revenue has been generated in the first half of 2018, a tenfold increase from just a …

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  • 26 September

    Google Revises Cryptocurrency Advertising Policy to Allow Regulated Exchanges

    Starting October 2018, regulated cryptocurrency exchanges within the United States and Japan will have the ability to advertise through Google, according to a policy update posted by the company. The post provides two instructions for advertisers leading up to the policy going into full effect: 1) Advertisers will need to be certified with Google for the specific country in which …

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  • 25 September

    Congressman to Introduce Three Bills Supporting Blockchain and Cryptocurrencies

    According to a press release from the office of U.S. Congressman Tom Emmer (R-MN), who was recently named the co-chair of the Congressional Blockchain Caucus, the representative will introduce three bills supporting blockchain technology and digital currencies. “The United States should prioritize accelerating the development of blockchain technology and create an environment that enables the American private sector to lead …

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  • 24 September

    UNICEF France Now Accepts Donations in Bitcoin and Other Cryptocurrencies

    The French branch of the United Nations Children’s Fund (UNICEF) announced that donation options have been expanded to include cryptocurrencies. The donation page lists options for sending bitcoin, ethereum (or ERC20 tokens), litecoin, ripple, bitcoin cash, dash, monero, eos, and stellar. As well, you can dedicate CPU towards mining bitcoin, ethereum, litecoin, bitcoin cash, dash, or monero and donating any …

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  • 21 September

    Lawmakers Urging IRS for Cryptos Guidance as Enforcement Expands  

    Members of the United States House Ways and Means Committee sent a letter to the Internal Revenue Service (IRS) requesting information regarding the status of any efforts by the agency to issue more broad guidance on tax obligations for those who hold or transact cryptocurrencies. To date, the six-page Notice 2014-21 issued in March of 2014, and classified as “preliminary …

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  • 20 September

    Bank of America Wire Fees Around “6000 Times” More Expensive than Bitcoin

    Based on publicly available information involving wire transfers through Bank of America, the least expensive domestic wire will cost a $30 dollar fee and, at most, for international wires sent in U.S. dollars, the fee will cost $45. While there has been criticism of bitcoin’s fees, especially before the soft fork known as Segregated Witness which allowed for second-layer solutions …

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  • 19 September

    Is it Possible to Live in China While Only Using Bitcoin? One Woman Finds Out

    Despite the Chinese government’s crackdown on digital currency trading and its ban on payment services that accept cryptocurrencies, the South China Morning Post details the work of a group who attempts to survive on bitcoin alone for 21 days. The group of cryptocurrency enthusiasts, called “Team 1234,” released a documentary called “Bitcoin Girl” on video streaming service iQiyi showing the …

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  • 18 September

    Zimbabwe’s New Finance Minister Calls for State Investment in Cryptocurrencies

    According to local news outlet IWebAfrica, Zimbabwe’s newly elected finance minister, Mthuli Ncube, said he plans to push the nation’s central bank to establish a “cryptocurrency unit” to better their country’s economic position. The outlet quotes Ncube as stating, “Zimbabwe should be investing in understanding innovations and often central banks are too slow in investing in these technologies. But there …

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  • 17 September

    Overstock to Sell Bitcoin Directly on its Retail Site

    Internet retail giant Overstock.com will support direct fiat to bitcoin purchases on its platform through the Bitsy digital wallet according to a press release issued by one of the retail company’s investment arms, Medici Ventures, who announced the beta launch. The beta launch will initially support bitcoin buys, however, the press release notes additional cryptocurrencies are soon to follow. The …

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  • 14 September

    Report: Morgan Stanley Plans to Offer Clients Bitcoin Swap Trading

    Bloomberg, citing a person familiar with the matter, reports that Morgan Stanley is working to offer their clients “complex derivatives” trading tied to bitcoin as a way to enter the cryptocurrency market. “The U.S. bank will deal in contracts that give investors synthetic exposure to the performance of Bitcoin…Investors will be able to go long or short using the so-called …

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  • 13 September

    Canada Approves Bitcoin Mutual Trust Fund

    Both the Ontario Securities Commission (OSC) and the British Columbia Securities Commission (BCSC) granted approval for First Block Capital, Inc. to operate as a mutual trust fund, according to a Business Wire press release. This means accredited investors can now deposit their funds into the company’s flagship product, the FBC Bitcoin Trust. The funds can be held in a Registered …

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