Governments in nearly 100 countries have been sharing offshore bank account information in an effort to crack down on tax evasion. Their “Automatic exchange of information” has led to uncovering 10 trillion euros ($11 trillion) in offshore assets in 84 million bank accounts. The Organisation for Economic Co-operation and Development (OECD) said on Tuesday that […] The post $11 Trillion Offshore Assets Uncovered After 100 Countries Share Information on 84 Million Bank Accounts appeared first on Bitcoin News. https://news.bitcoin.com/11-trillion-offshore-assets-100-countries-84-million-bank-accounts/

The UK’s top financial regulator has conducted a survey and found a “significant increase” in the number of crypto owners and awareness of cryptocurrencies. The regulator estimates that 2.6 million people in the country have bought cryptocurrencies, most of which were from non-UK cryptocurrency exchanges. UK Regulator’s Crypto Survey The Financial Conduct Authority (FCA), which […] The post A ‘Significant Increase’: UK Regulator Says 2.6 Million Residents Have Bought Cryptocurrencies appeared first on Bitcoin News. https://news.bitcoin.com/significant-increase-uk-2-6-million-have-bought-cryptocurrencies/

The founder of Freedomain, philosopher and alt-right activist, Stefan Molyneux, received more than $100,000 in cryptocurrency donations after he was banned from Youtube on June 29, 2020. Stefan Molyneux is well known for his Youtube videos, podcasts, and books. His early Youtube videos describing the benefits of bitcoin have been lauded. While getting over $100k […] The post Alt-Right Activist Stefan Molyneux Banned from Youtube, Raises $100K in Crypto Donations appeared first on Bitcoin News. https://news.bitcoin.com/alt-right-activist-stefan-molyneux-banned-from-youtube-raises-100k-in-crypto-donations/

The most popular stablecoin, Tether, has propelled its way into the third-largest position by cryptocurrency market capitalization. At the time of publication, a number of market valuation aggregators show that Tether’s market cap is between $9.1 to $10.1 billion. Tether (USDT) is a well known stablecoin token issued by the company Tether Limited. The company […] The post Tether’s Market Valuation Grows 144% in 2020, USDT Market Cap Worth $10 Billion appeared first on Bitcoin News. https://news.bitcoin.com/tethers-market-valuation-grows-144-in-2020-usdt-market-cap-worth-10-billion/

The second quarter of 2020 was very profitable for bitcoin investors, according to data analytics firm Skew. During the period, the top cryptocurrency climbed 42%, its fourth-best quarterly close since 2014. For the March quarter, the digital asset fell 10.6%, dragged by the massive Black Thursday crash. As a matter of fact, bitcoin declined in […] The post Bitcoin Investors Pocketed 42% in Gains During the Second Quarter of 2020 appeared first on Bitcoin News. https://news.bitcoin.com/bitcoin-investors-pocketed-42-in-gains-during-the-second-quarter-of-2020/

On July 1, 2020, the popular eatery and bar in Japan, Brewdog Tokyo, started accepting bitcoin cash payments for products and services. The establishment is the third Brewdog bar to accept bitcoin cash, as the cryptocurrency is accepted at the London and Budapest locations as well. In order to celebrate Brewdog Tokyo supporting bitcoin cash, […] The post Brewdog Tokyo Accepts Bitcoin Cash Payments: Local BCH Meetup Gathers to Celebrate appeared first on Bitcoin News. https://news.bitcoin.com/brewdog-tokyo-accepts-bitcoin-cash-payments-local-bch-meetup-gathers-to-celebrate/

The gold industry has been shaken after it was discovered that 83 tons of fake gold bars have been used as collateral for loans worth 20 billion yuan from 14 financial institutions to a major gold jewelry manufacturer in Wuhan, China. This amount of gold “would be equivalent to 22% of China’s annual gold production […] The post Gold Industry Shaken as 83 Tons of Fake Gold Bars Used to Secure $2 Billion Loans in China appeared first on Bitcoin News. https://news.bitcoin.com/gold-industry-83-tons-fake-gold-bars-secure-2-billion-loans-china/

Hut 8 Mining Corp. has raised $8.3 million from the sale of 6% of its shares to investors. The Canadian bitcoin miner originally intended to raise $7.5 million from the sale, but it was oversubscribed. Totonto Stock Exchange-listed Hut 8 issued about 5.8 million “units” at a price of $1.45 each. Each unit is comprised […] The post Bitcoin Miner Hut 8 to Add 275 PH/s of Mining Capacity With $8.3M Capital Raise appeared first on Bitcoin News. https://news.bitcoin.com/bitcoin-miner-hut-8-to-add-275-ph-s-of-mining-capacity-with-8-3m-capital-raise/

During the last seven days, the price of bitcoin has dropped 4.8% from a high of $9,700 on June 24, to a low of $8,965 on June 27. Since then the price has increased and the price per bitcoin is back above the $9k zone but much lower than before. The lower price has affected […] The post Bitcoin’s 5% Drop in Value Puts Pressure on BTC Mining Operations and Older ASIC Rigs appeared first on Bitcoin News. https://news.bitcoin.com/bitcoins-5-drop-in-value-puts-pressure-on-btc-mining-operations-and-older-asic-rigs/

This week a number of Kleiman v. Wright lawsuit depositions have recently published and are now available for public viewing. One specific deposition with the former Bitcoin Core lead maintainer, Gavin Andresen, casts doubt on the claim that Wright is Satoshi Nakamoto. Moreover, the Bitcoinsv supporter Daniel Krawisz has been speaking out about Wright and […] The post Bamboozled: Gavin Andresen Says He Could Have Been Fooled by Craig Wright, BSV Supporters Speak Out appeared first on Bitcoin News. https://news.bitcoin.com/bamboozled-gavin-andresen-says-he-could-have-been-fooled-by-craig-wright-bsv-supporters-speak-out/

The amount of bitcoin that has not moved in over a year is at an all-time high. The last peak was in 2016, before the bitcoin bull run that saw the price spike to $20K. Several forecasting models have predicted that the price of bitcoin will reach $20K this year and the next bull run […] The post Record Breaking Unmoved Bitcoin Data Sparks Expectation of Imminent Bull Run appeared first on Bitcoin News. https://news.bitcoin.com/record-breaking-unmoved-bitcoin-data-bull-run/

On June 28, 2020, the team behind Ghost Coin revealed a partnership with the digital currency payment processor Ivendpay. Ghost is a project led by the notorious John McAfee and according to the recent announcement, 60 vending machines in Hong Kong will support the privacy-centric coin for payments. It’s surely never a dull day in […] The post 60 Hong Kong-Based Vending Machines Support McAfee’s Ghost Token for Payments appeared first on Bitcoin News. https://news.bitcoin.com/60-hong-kong-vending-machines-mcafees-ghost-token/