CryptoCurrency News, Rumors, and Chatter

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  Cryptocurrency Adoption Rising in Iran as Government Mismanages Economy
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  Iran is toying with the idea of lopping zeros off its national currency as inflation goes through the roof. History tells us this is rarely a good idea. Cryptocurrency provides an alternative for those living in countries where the fiat currency is being rendered worthless. Crypto adoption in Iran is growing steadily, with government economic […] The post Cryptocurrency Adoption Rising in Iran as Government Mismanages Economy appeared first on Bitcoin News. https://news.bitcoin.com/cryptocurrency-adoption-rising-in-iran-as-government-mismanages-economy/
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  Mastercard Fined $650M by EU for ‘Artificially’ Raising Fees
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  The European Union’s competition commission has handed Mastercard a €570 million euro ($648 million) fine for artificially raising payment processing fees in breach of antitrust laws, according to an online statement published on Jan. 22. Mastercard forced merchants to pay exchange fees in their countries of residence, forestalling their access to banks with lower fees […] The post Mastercard Fined $650M by EU for ‘Artificially’ Raising Fees appeared first on Bitcoin News. https://news.bitcoin.com/mastercard-fined-650m-by-eu-for-artificially-raising-fees/
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  SEC Filing for Vaneck Solidx Bitcoin ETF Withdrawn
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  Cboe BZX Exchange has withdrawn its filing with the U.S. Securities and Exchange Commission (SEC) for Vaneck Solidx bitcoin ETF. The U.S. government is currently shut down and the ETF could have been automatically approved had it not been withdrawn. Vaneck says that the withdrawal is temporary as it is actively working to “build appropriate […] The post SEC Filing for Vaneck Solidx Bitcoin ETF Withdrawn appeared first on Bitcoin News. https://news.bitcoin.com/sec-filing-vaneck-solidx-bitcoin-etf-withdrawn/
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  Davos 2019: Leaders Share Mixed Cryptocurrency Predictions
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  The annual meeting in the Swiss mountain resort of Davos from Jan. 22 to 25, attended by business leaders, politicians, and economists is in progress. Cryptocurrency is once again on the agenda, but so far the discussions emerging from the conference have been mixed, giving attendees plenty of FUD for thought.  Also Read: George Soros: Bitcoin Is Propped […] The post Davos 2019: Leaders Share Mixed Cryptocurrency Predictions appeared first on Bitcoin News. https://news.bitcoin.com/davos-2019-leaders-share-mixed-cryptocurrency-predictions/
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  Blockchain.com Launches New Educational Resource With Bitcoin Cash Report
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  Wallet provider Blockchain.com has created a new educational tool to help newcomers to the cryptocurrency ecosystem access information on digital assets. The first report issued on its Blockchain Primers is an introduction to Bitcoin Cash (BCH). Also Read: The Daily: Huobi Downsizes, New OTC Desk to Launch in US Blockchain Primers Blockchain.com, the popular cryptocurrency […] The post Blockchain.com Launches New Educational Resource With Bitcoin Cash Report appeared first on Bitcoin News. https://news.bitcoin.com/blockchain-com-launches-new-educational-resource-with-bitcoin-cash-report/
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  Money Transmitter License Not Required for Crypto Businesses in Pennsylvania
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  On Wednesday, Jan. 23, the Pennsylvania Department of Banking and Securities (DoBS) published guidance for virtual currency businesses operating in the state. The state’s financial agency has decided a money transmission license for cryptocurrency operations is not required. Also Read: Former Mt Gox CEO Reflects on Incarceration in Japan While Facing More Prison Time Banking Department […] The post Money Transmitter License Not Required for Crypto Businesses in Pennsylvania appeared first on Bitcoin News. https://news.bitcoin.com/money-transmitter-license-not-required-for-crypto-businesses-in-pennsylvania/
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  OTC Desks Proliferate as Volume Shifts From Spot Markets
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  While trading volume on the top cryptocurrency exchanges declined dramatically during the second half of 2018, all signs suggest that over-the-counter (OTC) markets are now attracting increasing liquidity, with a number of prominent cryptocurrency exchanges entering the OTC space. Additionally, several major existing OTC desks have recently spoken of experiencing significant growth in trade volume. […] The post OTC Desks Proliferate as Volume Shifts From Spot Markets appeared first on Bitcoin News. https://news.bitcoin.com/otc-desks-proliferate-volume-shifts/
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  The Daily: Huobi Downsizes, New OTC Desk to Launch in US
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  In Wednesday’s edition of The Daily we cover a number of developments that show how cryptocurrency exchanges around the world are evolving to attract institutional investors while also adding new services to stay competitive in this bearish market. Also Read: Bitpay Reports Processing Over $1 Billion Transactions in 2018 Huobi Sheds Staff and Plans Stablecoin […] The post The Daily: Huobi Downsizes, New OTC Desk to Launch in US appeared first on Bitcoin News. https://news.bitcoin.com/the-daily-huobi-downsizes-new-otc-desk-to-launch-in-us/
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  Governmental Overreach in Developing Nations Will Hasten Hyperbitcoinization
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  For bitcoin idealists, the coming utopia for global finance stars bitcoin dismantling the fiat hegemony, empowering citizens to own their money without central bank mediation, and facilitating borderless trade. Credited to Satoshi Nakamoto Institute co-founder Daniel Krawisz, hyperbitcoinization is a term which describes bitcoin coming to dominate the global currency basket through mass adoption. Also […] The post Governmental Overreach in Developing Nations Will Hasten Hyperbitcoinization appeared first on Bitcoin News. https://news.bitcoin.com/governmental-overreach-in-developing-nations-will-hasten-hyperbitcoinization/
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  PR: Bitcoin.com Partners With Anarchapulco
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  Acapulco, Mexico - Anarchapulco is excited to announce that Bitcoin.com will be the title sponsor for Anarchapulco 2019, the world's premiere Liberty event for voluntaryist thinkers and activists held annually in Acapulco, Mexico February 14-17, 2019. The principle tenant of Anarchapulco is everyone is responsible for themselves and that every relationship is based on voluntary participation rather than through forced servitude or coercion. Anarchapulco 2019 will feature over 150 speakers with keynotes from Dr. Ron Paul, Judge Andrew Napolitano, Doug Casey, David Icke and Cynthia McKinney on topics from financial freedom to physical freedom. The post PR: Bitcoin.com Partners With Anarchapulco appeared first on Bitcoin News. https://news.bitcoin.com/pr-bitcoin-com-partners-with-anarchapulco/
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  Tidbits: Peter Todd on Passphrase Memorization, Antonopoulos Explains Transaction Fees
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  Tidbits is a roundup of talking points from across the cryptosphere. In this edition, Peter Todd suggests memorizing randomly generated passphrases to secure recovery keys. Amaury Séchet explains how the BCH community faces an uphill battle with adoption, and Andreas Antonopoulos explains why transaction fees don’t show up as a transaction output in the block […] The post Tidbits: Peter Todd on Passphrase Memorization, Antonopoulos Explains Transaction Fees appeared first on Bitcoin News. https://news.bitcoin.com/tidbits-peter-todd-on-passphrase-memorization-antonopoulos-explains-transaction-fees/
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  $16 Million Now Believed to Have Been Stolen in ‘Weird’ Cryptopia Hack
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  Details have so far been murky regarding millions of dollars worth of tokens stolen from New Zealand-based cryptocurrency exchange Cryptopia on Jan. 14. But data company Elementus has been investigating and now says the hack was different from previous attacks of this nature – and the amount stolen is much higher than originally thought.  Also […] The post $16 Million Now Believed to Have Been Stolen in ‘Weird’ Cryptopia Hack appeared first on Bitcoin News. https://news.bitcoin.com/16-million-now-believed-to-have-been-stolen-in-weird-cryptopia-hack/
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  Presidential Candidate John McAfee Flees U.S. for Alleged Tax Fraud
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  U.S. presidential candidate John McAfee announced on Tuesday that he has fled the country. According to McAfee’s recent Twitter video he’s “living in exile” on a boat because he’s been charged with felonies handed down by the Internal Revenue Service (IRS). Also Read: Former Mt Gox CEO Reflects on Incarceration in Japan While Facing More Prison […] The post Presidential Candidate John McAfee Flees U.S. for Alleged Tax Fraud appeared first on Bitcoin News. https://news.bitcoin.com/presidential-candidate-john-mcafee-flees-u-s-for-alleged-tax-fraud/
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  Hollywood Actor Kevin Connolly Directs New Television Pilot ‘Cryptos’
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  The North American Bitcoin Conference in Miami had a surprise visit last Thursday when Kevin Connolly, the actor from the HBO series “Entourage,” announced a new television show called “Cryptos” is under development. Connolly hopes the new show will help the public better understand the innovative cryptocurrency ecosystem. Also Read: Peer-to-Peer Trading Platform Bitquick Implements Bitcoin […] The post Hollywood Actor Kevin Connolly Directs New Television Pilot ‘Cryptos’ appeared first on Bitcoin News. https://news.bitcoin.com/hollywood-actor-kevin-connolly-directs-new-television-pilot-cryptos/
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  Current Crypto Bear Market Set to Become the Longest Ever
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  The market downturn that has prevailed since early 2018 is now within weeks of becoming the longest winter in the history of the cryptocurrency markets. Despite being on course to become the longest downtrend in BTC’s annals, the current market has produced the weakest drawdown of the three major bear trends experienced by BTC so […] The post Current Crypto Bear Market Set to Become the Longest Ever appeared first on Bitcoin News. https://news.bitcoin.com/current-crypto-bear-market-set-to-become-the-longest-ever/
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  Former Mt Gox CEO Reflects on Incarceration in Japan While Facing More Prison Time
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  The infamous Mark Karpeles, former CEO of the now defunct bitcoin exchange Mt Gox, appeared in an exposé interview on Monday and publicly discussed how he tolerated Japanese jail. Karpeles explained how he’s been accused of financial misconduct in a land that has a 99 percent conviction rate and he wouldn’t wish his experience on anyone. […] The post Former Mt Gox CEO Reflects on Incarceration in Japan While Facing More Prison Time appeared first on Bitcoin News. https://news.bitcoin.com/former-mt-gox-ceo-reflects-on-incarceration-in-japan-while-facing-more-prison-time/
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  Xapo Transfers Key Operations to Switzerland
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  Global crypto services provider Xapo is moving major operations from its base in Hong Kong to its office in Switzerland. The company is incorporated in the Asian financial hub but that may also change soon due to the friendlier business environment in the Alpine nation. Also read: Russian Institutions Back Proposal to Let Companies Use […] The post Xapo Transfers Key Operations to Switzerland appeared first on Bitcoin News. https://news.bitcoin.com/xapo-transfers-key-operations-to-switzerland/
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  Romania Imposes 10% Tax on Cryptocurrency Earnings
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  Romania has amended its tax laws, allowing it to start taxing gains from bitcoin investments at a rate of 10 percent. The improved fiscal code legislation categorizes earnings generated from buying and selling cryptocurrencies as “income from other sources” and therefore subject to income tax, local media reports. Also read: Falcon Private Bank Launches Crypto Wallet […] The post Romania Imposes 10% Tax on Cryptocurrency Earnings appeared first on Bitcoin News. https://news.bitcoin.com/romania-imposes-10-tax-on-cryptocurrency-earnings/
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  Why Cryptocurrency Custody Solutions Are on the Rise
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  The last six months has witnessed significant growth in the number of businesses and banks launching cryptocurrency custodial services. These solutions give institutional investors peace of mind that their assets are secure, insured, and under the care of a trusted third party, freeing them from responsibility for safeguarding their cryptocurrency. Also Read: Fidelity Launching Crypto Custody […] The post Why Cryptocurrency Custody Solutions Are on the Rise appeared first on Bitcoin News. https://news.bitcoin.com/why-cryptocurrency-custody-solutions-are-on-the-rise/
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  Swedish Trader Expects to Pay 300% of Crypto Profits to Tax Agency
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  According to local media, a Swedish cryptocurrency trader is anticipating receiving a tax bill of approximately $1 million after conducting approximately $2.9 million worth of trades across tens of thousands of transactions made since 2014. The trader claims that the tax bill will equate to 300 percent of the profits he has earned rather than […] The post Swedish Trader Expects to Pay 300% of Crypto Profits to Tax Agency appeared first on Bitcoin News. https://news.bitcoin.com/swedish-trader-expects-to-pay-300-of-crypto-profits-to-tax-agency/