Hong Kong Protest Leader Hopes to Incite Run on Chinese Banks

Hong Kong Protest Leader Hopes to Incite Run on Chinese BanksThe 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 activist, Chen Haotian, has called […]

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Central Banks Worldwide Testing Their Own Digital Currencies

Central Banks Worldwide Testing Their Own Digital CurrenciesCentral banks worldwide are examining the possibility of issuing a central bank digital currency (CBDC), with some already testing theirs for different uses. Countries that have advanced their digital currency projects include China, Singapore, Canada, the Bahamas, Thailand, Uruguay, and Sweden. India has also included the digital rupee in the country’s draft cryptocurrency bill. Also […]

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Market Outlook: Bitcoin Cash Spikes While Economic Fears Spread Worldwide

Market Outlook: Bitcoin Cash Prices Spike While Economic Fears Spread WorldwideOn Tuesday, August 13, most digital currency prices have dropped in value between 2-5% while crypto trade volumes globally have fallen to $46 billion in the last 48 hours. Despite the downturns across the board, bitcoin cash (BCH) is holding steady, up 2% today and now commanding the fourth largest market valuation. Also read: Twitter […]

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Goldman-Backed Apple Card Restricts Cryptocurrency Purchases

Goldman-Backed Apple Card Restricts Cryptocurrency PurchasesCryptocurrencies cannot be purchased with the new Apple credit card according to the American multinational technology company’s recently published customer agreement guidelines. The Apple card’s restrictions indicate that the company’s partner, Goldman Sachs, is leery toward cryptocurrencies and other “cash equivalents” like lottery tickets and casino chips. Also Read: Banks Stopped Walmart Bank – Now […]

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10,000 American Cryptocurrency Owners Will Receive Warning Letters From the IRS

10,000 American Cryptocurrency Owners Will Receive Warning Letters From the IRSOn July 26, the U.S. Internal Revenue Service (IRS) announced that the tax agency has started sending letters to American cryptocurrency owners advising them to pay their taxes. According to the organization, three types of letters will be sent to more than 10,000 taxpayers by the end of August. The news follows the recent IRS […]

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Node40 Executive Explains What to Expect When the IRS Issues Its New Crypto Policy

Node40 Executive Explains What to Expect When the IRS Issues Its New Crypto PolicyLast May, the U.S. Internal Revenue Service (IRS) revealed it would be issuing new tax guidance and rules about the tax treatment of digital assets and forks. IRS Commissioner Charles Rettig told congressional leaders that the agency has made it a priority to issue crypto-related tax guidance. This week news.Bitcoin.com spoke with Sean Ryan, CTO […]

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After Fleeing From the US Government John McAfee Warns His Enemies

After Fleeing From the US Government John McAfee Warns His EnemiesFor a few weeks now, the former antivirus software tycoon John McAfee has said he is fleeing from the U.S. government for not paying his taxes. More recently McAfee’s been on a tweet tirade, speaking directly to his “pursuers” and telling them to leave him alone. Also Read: CME’s Bitcoin Futures Hit New Records McAfee: […]

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Hackers Have Looted More Bitcoin Than Satoshi’s Entire Stash

Since 2011 Hackers Looted More Bitcoin Than Satoshi's Entire StashEver since cryptocurrencies started gaining value, hackers have targeted exchanges that provide digital asset trading and malicious entities have siphoned billions of dollars worth of bitcoin since 2010. So far, over 1 million of the world’s BTC has been stolen from exchanges and traders continue to leave vast quantities of funds on centralized trading platforms. […]

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Texas Representative Wants to Ban the Anonymous Use of Cryptocurrency

Texas Representative Wants to Ban the Anonymous Use of CryptocurrencyA Republican member of the Texas House of Representatives, Phil Stephenson, has just introduced a bill that would require residents of the state to identify themselves if they wish to use cryptocurrencies. H.B. No. 4371 details that individuals who send and receive digital currencies must be known. Although, if the user happens to use a […]

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