Singapore Judge Dismisses $43M High Profile Bitcoin Case

Recently Singapore had its first high profile legal case involving over 3,000 BTC in a dispute between the UK-based company B2C2 and the local cryptocurrency exchange Quoine. According to the Singapore Commercial Court documents, Judge Simon Thorley has dismissed the plaintiff B2C2’s case for US $43Mn worth of bitcoins. Also read: While Bitcoin Trades Above $19K … Read more

Trump’s New Tax Bill Means Changes Ahead for U.S. Bitcoiners

It has been 31 years since the United States addressed its labyrinthine tax structure. The 115th Congress passed a bill slicing seven income brackets on individuals to four, tweaking them mostly downward and slightly, lessening the corporate tax, and increasing deductions here while limiting others there. For bitcoiners, An Act to provide for reconciliation pursuant … Read more

Russian Cryptocurrency Bill Is Ready – Regulators Share Details

The bill for the regulation of cryptocurrencies and initial coin offerings (ICOs) in Russia is ready. It was jointly developed by the country’s central bank and finance ministry. The regulators have shared some details of the bill including how mining activities are to be taxed. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, … Read more

Crypto Market Struggling, Retains $500-$600B Capitalization

The overall cryptocurrency market seems to have stabilized after a correction that lowered its total capitalization to below US$450 billion last week. That said, the market has yet to convincingly bounce back to pre-correction levels, as its market cap continues to drift between US$500 billion and US$600 billion. The Bears are Back November and December saw record highs across most cryptocurrency markets. … Read more

PR: Propy’s New Launch: It Is Now Possible to Buy Properties in the US for Bitcoin

Propy, the world’s first international real-estate marketplace, has just launched the alpha open version of its blockchain-based transaction tool. This new transaction tool will allow individuals to buy and sell properties in California using Bitcoin (BTC). The post PR: Propy’s New Launch: It Is Now Possible to Buy Properties in the US for Bitcoin appeared … Read more

While Bitcoin Trades Above $19K In India — Tax Officials Are Snooping for Gains

Bitcoin is booming in India, and the top trading platforms in the country Zebpay, Coinsecure, Unocoin, and Bitxoxo have seen unprecedented trade volumes and exchange sign-ups. However, in the midst of the bitcoin fever taking place in the region, the country’s Income Tax Department of India (ITDI) has been investigating exchanges and are researching the … Read more

Market Update: BTC Value Consolidates After Bouncing

BTC markets have produced sideways consolidatory price action in recent days, following bitcoin’s dramatic crash from almost $20,000 USD to test a low of approximately $11,000, and ensuing bounce up to the 0.618 retracement area. Most major altcoin markets have bounced in concert with BTC. Also Read: Seven Deadly Trading Mistakes Every Rookie Makes Bitcoin Markets … Read more

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