• Bitcoin History Part 15: Silk Road Is Born
    Bitcoin News - 6 hours ago
    Silk Road launched in February 2011 as the darknet’s first bitcoin-based marketplace. Within four months, it would be the darknet’s most notorious site whose reputation extended all the way to the U.S. Senate. The origins of the drugs marketplace can be traced back further, however, to a philosophical thread on…
  • Philippines Increasingly Crypto Friendly – A Look at Driving Forces
    Bitcoin News - 15 hours ago
    There are many reasons why the Philippines is becoming increasingly crypto-friendly. Not only has its central bank registered more crypto exchanges recently, but the Securities and Exchange Commission has also been actively finalizing crypto guidelines. The country has an active crypto community, and one of its largest banks has engaged…
  • IRS Revoking Passports Shows How Government Erodes Everything We Hold Dear
    Bitcoin News - 18 hours ago
    If you have outstanding tax debt, the IRS may now want to take your passport. For U.S. crypto holders still waiting on promised IRS guidelines for filing — especially those overseas who may have missed these warning memos — the over 400,000 agency notifications issued since February last year are…
  • Bitcoiners Brace for More Performance Art and Another ‘Satoshi Reveal’
    Bitcoin News - 20 hours ago
    On Friday, a variety of paid press releases were published stemming from a company called Satoshi Nakamoto Renaissance Holdings, a firm that claims a big “reveal” is coming on Sunday, August 18. According to the announcement, Satoshi Nakamoto will divulge his “real-life identity” alongside his “country of origin, education, professional…
  • Passing the Burden of Negative Rates to Bank Clients Opens Door for Cryptocurrencies
    Bitcoin News - 23 hours ago
    Record low and negative interest rates have put commercial banks in a difficult spot. Across Europe, they have been passing the burden to their clients. Some have introduced fees for those with large account balances, while others are punishing everybody equally. In any case, some bankers fear this could lead…
  • How Coinbase Quietly Became the World’s Biggest Bitcoin Bank
    Bitcoin News - 1 day ago
    On August 15, the San Francisco-based digital currency exchange Coinbase announced that it had acquired the cryptocurrency custody service Xapo’s institutional branch. The business move puts Coinbase in the limelight, making it the largest custodial service for digital assets worldwide, with more than $7 billion under custody. Also Read: Hong…
  • Hong Kong Protest Leader Hopes to Incite Run on Chinese Banks
    Bitcoin News - 2 days ago
    The 11th week of protesting in Hong Kong has passed as the world has witnessed massive sit-ins at the national airport and demonstrations across several locations citywide. The 2019 anti-extradition bill protests have affected Hong Kong’s local economy, investors have dumped on the benchmark Hang Seng index, and now pro-independence…
  • These Portfolio Tracking Tools Will Also Prepare Your Crypto Taxes
    Bitcoin News - 2 days ago
    Tax season is months away, which is why you need to start preparing for it now. Leave everything to the last minute and you’ll only end up cursing your procrastination. Organize your cryptocurrency activity in advance and you’ll breeze through tax deadline day without so much as flinching. Despite maddeningly…
  • Samsung Adds Bitcoin Support to Its Blockchain Keystore
    Bitcoin News - 2 days ago
    On August 13, Samsung, the South Korean multinational conglomerate, published the company’s new Blockchain Keystore SDK for developers and the latest release supports Bitcoin Core (BTC). The version follows Samsung’s previous Keystore release which only supported ETH and the ERC20 standard. Also Read: Exploring the SLP Token Universe Built on…
  • Ron Paul Slams Fednow Payment System and Encourages Crypto Competition
    Bitcoin News - 2 days ago
    Ron Paul, the muckraking former congressman from Texas, is stirring things up once again, this time taking aim at the new real-time digital payment system proposed last week by the U.S. Federal Reserve. Presented as an innovative solution by government and media voices, the cryptosphere received the news of the…