Bitcoin

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Coincheck Recorded Profit Despite the Hack While Victims Hit with Taxes

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Japanese exchange Coincheck is still profitable after suffering one of the biggest hacks in cryptocurrency history. The exchange recorded an estimated writedown of 47.3 billion yen (~US$432.56 million) for the funds used to compensate customers. Victims, however, were slapped with tax bills. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space A Writedown for Coincheck … Read more

Court Orders Chilean Banks to Re-Open Crypto Exchange Accounts

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Chile’s anti-monopoly court has ordered two major banks in the country to re-open accounts for a cryptocurrency exchange after it filed a lawsuit against 10 banks accusing them of anti-competitive behavior. The two banks must enter into a new contract with the crypto exchange under the same terms and conditions as before. Also read: Yahoo! Japan … Read more

Bitcoin in Brief Friday: World Satoshi Summit Canceled, Pump and Dump Scheme Exposed

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In today’s Bitcoin in Brief we’re covering disappointing news for the crypto community: the World Satoshi Summit in Delhi has been canceled because of “regulatory issues” according to its organizers. Also, an alleged crypto pump and dump scheme has been exposed. There is more than one opinion on the case, as you’ll see below. Also … Read more

Investors from 28 Countries Own Land in Norway’s “Private City” Liberstad

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More than 100 people have bought land plots in the “private city” of Liberstad, Southern Norway. Its founders accept 27 cryptocurrencies. Deals have been sealed already with future residents from Brazil, Sweden and the UK, among other countries. They should be able to move in within two years. Also read: Bitcoin Payments Are on the … Read more

Bitcoin Was the Ninth Most Popular Wikipedia Article Last Year

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Its seems users who frequent the online encyclopedia platform Wikipedia read the ‘Bitcoin’ article hosted on the site a lot. According to statistics, the Wiki Bitcoin page was the ninth most read article on Wikipedia last year. Also Read: Binance Exchange Founder Sued by VC Fund Sequoia Capital Bitcoin Article on Wikipedia Was the Ninth Most … Read more

Bill Harris Remains Convinced Bitcoin Is a Scam, but Does Anyone Care?

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It has been at least a full week since we last heard a highly controversial statement regarding Bitcoin and other cryptocurrencies. According to PayPal Founding CEO and Former Intuit CEO Bill Harris, Bitcoin is the greatest scam ever.  A statement like that from an individual who sees his business models threatened by cryptocurrency is not necessarily surprising. … Read more

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