The Bitcoin Price Equivalence Shows What “Cheap” Cryptocurrencies Are Really Worth

There’s been a lot of talk lately about market capitalization and circulating supply. As sub-$1 altcoins have shot up in price, some new investors have been making noises about their anointed coin being worth more than bitcoin one day. What these new entrants fail to take into account is digital scarcity: the notion that assets … Read more

Vermont Senator Proposes Digital Currency Tax Legislation

Earlier this week Senator Alison Clarkson (D) from Vermont has proposed legislation that outlines a use case for government-based cryptocurrency solutions for the green mountain state. Also read: French Entrepreneur’s Case to Overturn the Bitlicense Dismissed   Latest Vermont Bill Discusses State Entities Utilizing Emerging Technology, While Digital Currency LLCs Could Pay Taxes In Crypto   The Windsor … Read more

US Government to Sell Bitcoin Seized from Dark Web Dealer

The 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 … Read more

Bitcoin Adoption Continues to Thrive Within Africa’s Borders

According 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. … Read more

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

Cryptocurrency 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 … Read more

Confusion Grows Surrounding Official Chinese Position Regarding Bitcoin Mining

In 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 … Read more

Microsoft No Longer Accepts Bitcoin Payments

If 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 … Read more