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This Week in Bitcoin: Smooth Bitcoin Cash Upgrade, BCH and BTC Tax Payments in Florida

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A notable week for Bitcoin Cash (BCH) – the network successfully upgraded the blockchain protocol by extending the block size to 32MB. The change will allow a greater number of transactions to be processed with inexpensive and consistent transaction fees. Also, Seminole County in Florida will accept tax payments in both Bitcoin Cash (BCH) and … Read more

Japanese Crypto Exchange Continues Global Expansion – Now in Five Countries

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A Japanese government-approved cryptocurrency exchange has resumed expanding overseas. Already operating in five countries with a plan to launch in more in the near future, the exchange aims to construct a global network of crypto transactions. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Building Global Network Bitpoint Japan was among the first crypto … Read more

China Has Found 421 Fake Cryptocurrencies

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A Chinese government-backed industry organization has published a report on fake cryptocurrencies. As of April, its monitoring platform has found 421 fake cryptocurrencies, 60% of which are deployed overseas. The Committee has also outlined major red flags of these cryptocurrencies. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space 421 Fake Cryptocurrencies The National Committee … Read more

Bitcoin Price Watch: Currency Sinks to $8,100

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The price of bitcoin has fallen again over the last 24 hours. This time, the currency is trading for roughly $8,100 – a $200 drop since yesterday’s $8,300 mark. Since the beginning of the week, bitcoin has repeatedly been hit with price slumps. The Coindesk Consensus Conference – which lasted from Monday to Wednesday – … Read more