US Government to Sell Bitcoin Seized from Dark Web Dealer

US Government to Sell Bitcoin Seized from Dark Web DealerThe US government has been approved by a federal judge in Utah to sell 513 Bitcoin and 512 Bitcoin Cash seized from an investigation involving Aaron Michael Shamo, a dark web dealer. Also Read: Bitfury as Big Brother: Mining Company Tracks Bitcoiners 513 Bitcoin and 512 Bitcoin Cash The U.S government is expected to sell all […]

The post US Government to Sell Bitcoin Seized from Dark Web Dealer appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Bitcoin Adoption Continues to Thrive Within Africa’s Borders

Bitcoin Adoption Continues to Thrive Within Africa's BordersAccording to multiple reports this week the decentralized currency bitcoin is still booming in many African countries. From South Africa to the Sub-Saharan region, citizens from all walks of life are finding bitcoin beneficial. This is making domestic cryptocurrency exchanges and peer-to-peer trading platforms’ volumes climb while digital currencies are also selling at a premium. […]

The post Bitcoin Adoption Continues to Thrive Within Africa’s Borders appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Markets Update: Exchange News from South Korea Brings the Bitcoin Bears

Markets Update: Exchange News from South Korea Brings the Bitcoin BearsCryptocurrency prices are sliding downwards since our last markets update, as the top ten digital assets are all seeing a loss of gains on January 8. BTC/USD markets reached a high of $17,200 on Saturday evening on January 6, but the value has dropped since then to a low of $13,900 per BTC. The price […]

The post Markets Update: Exchange News from South Korea Brings the Bitcoin Bears appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Confusion Grows Surrounding Official Chinese Position Regarding Bitcoin Mining

Confusion Grows Surrounding Official Chinese Position Regarding Bitcoin MiningIn recent days a number of conflicting reports have surfaced pertaining to the stance of China’s government with regards to bitcoin mining. Last week, Bloomberg reported that the People’s Bank of China (PBOC) had met to discuss curbing mining operations in China, whilst Chinese media reports denied such – however, it has since emerged that […]

The post Confusion Grows Surrounding Official Chinese Position Regarding Bitcoin Mining appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Microsoft No Longer Accepts Bitcoin Payments

TheMerkle Microsoft Drops BitcoinIf there is one trend that became evident in the year 2017, it is how some early adopters have dropped support for Bitcoin. More specifically, a lack of interest and high transaction costs have made dealing in Bitcoin unappealing for most retailers. Microsoft is perhaps the biggest company to have rethought its support for Bitcoin recently, even though it always offered it in very limited fashion. Surprisingly, the company no longer counts Bitcoin among its “active payment instruments”. Microsoft Shows Little Love for Bitcoin It is evident Bitcoin is not in the best of places right now. More specifically, the currency has become increasingly difficult to use.

Go to Source

Powered by WPeMatico

Litigation Filed in India for Immediate Intervention of the Flow of Bitcoins

Litigation Filed in India for Immediate Intervention of the Flow of BitcoinsLitigation has been filed in an Indian High Court by a public prosecutor of cybercrime cases. Claiming that cryptocurrencies facilitate crime, he calls for their immediate ban or regulation. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Litigation Seeks Immediate Intervention A public interest litigation (PIL) was filed with the […]

The post Litigation Filed in India for Immediate Intervention of the Flow of Bitcoins appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Bitfury as Big Brother: Mining Company Tracks Bitcoiners

Bitfury as Big Brother: Company Tracks BitcoinersBitfury Group announced they’re concerned about the advent of bitcoin users having multiple wallet addresses, which the company views as leading to greater anonymity and, they also believe, facilitates crime. Also read: Nine Years Ago, Bitcoin’s Block Zero is Born Bitfury Watches Bitcoiners “Currently, bitcoin users can have multiple addresses,” Bitfury Group CEO Valery Vavilov detailed, […]

The post Bitfury as Big Brother: Mining Company Tracks Bitcoiners appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

South Korea Found a Way to Tax Cryptocurrencies Under Current Law

South Korea Found a Way to Tax Cryptocurrencies Under Current LawThe South Korean government has announced that some taxes can be applied to cryptocurrencies under the current law, which will be finalized in the first half of this year. Other taxes are also being considered but some are not easily implemented under the current tax system. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, […]

The post South Korea Found a Way to Tax Cryptocurrencies Under Current Law appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico