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Bitcoin Magazine Week in Review (bitcoinmagazine.com) 10/19/2019 - 9:00am
Bitcoin Magazine ’s Week in Review brings you the most critical, interesting and popular news stories affecting Bitcoin this week. Despite Setback in Ohio, Tax Payments in Bitcoin a Viable Trend Ohio made a big splash in the cryptocurrency community in November 2018 when Josh Mandel, the state treasurer at the time, announced a plan to allow...
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Huobi Expands Services With Turkish Lira (bitcoinmagazine.com) 10/18/2019 - 6:17pm
Huobi, a prominent cryptocurrency exchange based in Singapore, has unveiled plans to increase the ease of access for individuals trading in the Turkish currency, the lira. The company announced this move via press release on October 18, 2019. It claims that its lira gateway will be the first of its kind for a global cryptocurrency exchange and...
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Bitcoin Price Analysis: Grinding Market Slowly Drives Through Support (bitcoinmagazine.com) 10/18/2019 - 5:36pm
The bitcoin market over the last few days has been a series of grinding support/resistance tests that have brought us lower and lower toward our macro support at the $7,700s.So far, the market’s macro structure is holding support, but we are currently on our way toward a fourth test of major support — if we break that level, the drop could be...
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Op Ed: Stablecoins Report Illustrates That G7 Leaders Don’t Understand Bitcoin (bitcoinmagazine.com) 10/18/2019 - 1:20pm
A G7 working group focused on the potential effects of stablecoins on the global economy has released a new report . In it, the working group indicates that bitcoin has failed to act as a reliable store of value or medium of exchange for its users. The report focuses heavily on the potential implications of widely used stablecoins, which are...
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Canaan Expects $1 Billion-Plus from AvalonMiner Sales in 2020 (bitcoinmagazine.com) 10/18/2019 - 11:59am
This article was originally published by 8btc and written by Lylian Teng . Canaan Creative, the world’s second-largest bitcoin mining machine manufacturer, said it expects to sell 1 million bitcoin miners in 2020 as buying interest increases. Chen Feng, sales director of the Hangzhou, China-based company, said in a live streaming interview with...
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Bitcoin as a Savings Technology: Are Interest Accounts Worth the Trade-Offs? (bitcoinmagazine.com) 10/18/2019 - 5:52am
A new meme has begun circulating among Bitcoiners. Much like the “be your own bank” and “digital gold” memes before it, it’s straight and to the point. Bitcoin is savings technology. Don’t believe me?
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Signet Could Give Bitcoin a More Stable, Predictable Testnet Option (bitcoinmagazine.com) 10/18/2019 - 5:52am
Bitcoin developers need a place to test things out. That’s why we have two “versions” of Bitcoin: the mainnet (where everything is real and the coins have value) and the testnet (which mimics the ...
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Bitpanda Launches Quick Payment Service for Fiat Settlement (bitcoinmagazine.com) 10/17/2019 - 6:27pm
Viennese cryptocurrency exchange Bitpanda has launched Bitpanda Pay, a service designed to let users transfer funds directly from their Bitpanda accounts into EU bank accounts and to pay their bills. Announced in an official blog post on October 16, 2019, the new service lets customers send funds from their exchange accounts to any International...
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BlockFi Introduces Institutional Services for Digital Assets (bitcoinmagazine.com) 10/17/2019 - 2:26pm
BlockFi, a nonbank lender of crypto assets, has announced that it’s opening a new platform for institutional investors. BlockFi Institutional Services is set “to give market-makers, funds, exchanges, and family offices access to enterprise-grade financing solutions for digital assets,” according to the company. Digital Assets Services for...
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Alon Muroch (bitcoinmagazine.com) 10/17/2019 - 1:48pm
an industry-leading platform that provides tracking, management and accounting solutions for professionals and businesses, with more than $3 billion in digital assets managed. The average investor may ...
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Cartoon: Retail Blues (bitcoinmagazine.com) 10/17/2019 - 11:33am
Despite the promises that bitcoin will be used for everyday purchases, many businesses that were initially bullish have stopped accepting cryptocurrencies (e.g., Expedia). Instead, many think they can turn to “blockchain” to improve their own business systems (e.g., reducing credit card fees and managing loyalty programs). Further Reading: Op Ed:...
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Blockstream Green Wallet Adds Early Access Tor Integration (bitcoinmagazine.com) 10/17/2019 - 9:38am
Privacy and a clean UX design have often been at odds in cryptocurrency apps. But there’s no reason why a bitcoin wallet app can’t have both. Blockstream’s newest version (3.2.4) of its bitcoin wallet ...
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Transylvania Crypto Conference 2019: The Transition to Bitcoin-Only (bitcoinmagazine.com) 10/16/2019 - 6:38pm
There are several reasons why the Transylvania Crypto Conference (abbreviated as TCConf) was special. First of all, it was a premier for Romania, a country that has never really held events that focus on Bitcoin, despite giving the space some prominent and eccentric figures, such as Mircea Popescu and Bitcoin Magazine co-founder Mihai Alisie ...
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Op Ed: How to Understand Taxable Events for Cryptocurrency (bitcoinmagazine.com) 10/16/2019 - 4:27pm
Today’s average cryptocurrency investors, which number in the hundreds of thousands, may not even be aware that they need to pay taxes on their cryptocurrencies. But there is no longer any reasonable doubt regarding the need for reporting capital gains, compliance, auditing, accounting and taxation to the tax authorities. As of October 9, 2019,...
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CoinShares, Blockchain Launches “Digital Gold” Token on Bitcoin Sidechain (bitcoinmagazine.com) 10/16/2019 - 2:24pm
The product is classified as a “category five” product in the Swiss Financial Market Supervisory Authority’s stablecoin taxonomy, a category which is reserved for cryptocurrency projects that are ...
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Gold Backed Token Launched on Bitcoin Sidechain (bitcoinmagazine.com) 10/16/2019 - 12:42pm
submitted by /u/SunnyNightZky [link] [comments]
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Layer1 Secures $50M in Funding to Rebalance the Global Bitcoin Hash Power (bitcoinmagazine.com) 10/16/2019 - 11:50am
Layer1, a cryptocurrency infrastructure platform, has secured $50 million in series A funding in a bid to revolutionize the bitcoin mining space in the U.S. According to a Layer1 blog post published on October 15, 2019, the funding (which values the company at $200 million) came from legendary investor Peter Thiel, among others. This isn’t the...
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Bitcoin Price Analysis: Constant Supply Shows Signs of Market Weakness (bitcoinmagazine.com) 10/16/2019 - 8:56am
Over the last few weeks, the bitcoin market has been constantly flooded with high-volume, high-spread moves to the downside. There have been a few impulsive, bullish rallies but nothing that has been sustained and nothing that is showing signs of supply absorption.At the time of this video, the market is testing a very important level for the...
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