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“What I love about Bitcoin is that instead of some rich old guy on Wall Street, young poor people are the ones getting rich” —Eric Finman No Longer Is Economic Sovereignty Just for Politicians and Bankers “Cryptocurrency is for the rich”; this pernicious myth causes people to resent crypto and be suspicious of it. An […]
The post Wendy McElroy: Crypto is Banking for Anarchists and Average People appeared first on Bitcoin News.
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Businesses around the world continue to adopt bitcoin cash (BCH) and in 2020 merchant acceptance continues to grow. Tallying up all the companies that accept BCH listed on sites like Green Pages, Map.Bitcoin.com, Acceptbitcoin.cash, and Anypay shows there’s more than 4,300 BCH supporting merchants worldwide. Also Read: Ethereum vs Tron: Comparing Data, Defi and Stablecoins […]
The post BCH Merchant Directories Now List 4,300 Bitcoin Cash-Accepting Businesses appeared first on Bitcoin News.
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A lot of Ethereum users have tokens they hardly ever look at. Most of these offerings are random airdrops, yet the KICK tokens are suddenly rising in value. So much even that some people’s holdings have surpassed $200. The KICK Token Mystery As no one knows what this token is about or what to do with it, liquidating them makes the most sense. That is, unfortunately, not as easy as one may think. Some users on Reddit speculate how these tokens are distributed to collect KYC data. The KICK token cannot be traded on too many exchanges at the moment.
The post Are the KICK Tokens Part of a Data Harvesting Ploy? appeared first on The Merkle Hash.
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Famous for its favorable business climate that has attracted hundreds of crypto companies, Switzerland is now expanding its financial regulatory framework. Some of the upcoming rules will increase oversight in the blockchain industry in compliance with new international standards regarding operations with digital assets. Also read: With New Regulations, Europe’s Crypto Companies May Be Running […]
The post Swiss Financial Watchdog Proposes $1,000 Client Identification Threshold for Crypto Transactions appeared first on Bitcoin News.
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Switzerland has proven to be a prominent region for blockchain and cryptocurrencies. That situation may come to change soon, following some new AML guidelines. It is evident that authorities are concerned about cryptocurrencies. More AML Restrictions in Switzerland This is especially apparent when it comes to money laundering and tax evasion. FINMA, the Swiss Financial Market Supervisory Authority, has come up with new guidelines. They are primarily interested in transactions related to cryptocurrency exchanges. Any transfer above $1,020 will be subject to additional verification. Any transaction below this amount can be executed without any identity verification at all. This still
The post FINMA Approves new AML Guidelines for Crypto Exchange Transactions appeared first on The Merkle Hash.
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There are hundreds of cryptocurrency exchanges, brokers, and trading platforms. Not all of these companies have a good reputation in this industry. One company getting a lot of backlash is HitBTC. More HitBTC Complaints to add to the List Although the company is providing perfectly legitimate services, customers are often complaining. The latest round of complaints revolves around their KYC procedures affecting some users. It is unclear where this backlash comes from, as virtually all exchanges check users’ identities in this modern day and age. They are legally obligated to do so, regardless of who the user is, how long
The post HitBTC Keeps Receiving a lot of Customer Complaints for Various Reasons appeared first on The Merkle Hash.
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In a 2018 report on blockchain technology, Deloitte identified five vectors of progress for promoting adoption. Topping the list was the need to enhance performance and interoperability. Ultimately, Deloitte concluded, “Help is on the way as a growing number of industry participants work to enable cross-blockchain transactions, interconnectivity, and standardization.” When it comes to decentralized finance (DeFi), that prediction is increasingly coming to fruition as RSK, a Bitcoin-based smart contract and DeFi platform, announced the successful launch of its RSK token bridge that connects its Bitcoin-powered smart contracts with Ethereum’s popular network. Decentralized finance is proving to be an important
The post RSK Brings DeFi Interoperability to Bitcoin & Ethereum; Launches New Bridge appeared first on The Merkle Hash.
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The State Revenue Service of Latvia (SRS) has seized some bitcoins for the first time. The cryptocurrency, allegedly acquired through illegal means, is still being stored in the wallet set up by a criminal. Experts have expressed concerns about the risk of the money disappearing as officials continue to insist only government agencies have access […]
The post Tax Agents ‘Confiscate’ Bitcoin From Criminal but Keep the Coins in His Wallet appeared first on Bitcoin News.
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By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Friday, February 7th, XRP is slightly correcting after skyrocketing earlier. The instrument is mostly trading at 0.2814 USD. From the technical point of view, the H4 chart of XRP/USD shows a stable uptrend. The interesting thing right now is that after testing the long-term resistance level, the pair is trying to fix above it. In the short-term, the price is expected to correct towards 0.2530, which is confirmed by the red color of the MACD histogram. After completing the pullback, XRP may resume the ascending tendency towards 38.2% and 50.0% at 0.3012
The post XRP Price Analysis for February, 7th – XRP Ready for Correction in Order to Continue Growing appeared first on The Merkle Hash.
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Billionaire investor Warren Buffett received his first bitcoin and several other cryptocurrencies during a dinner with five cryptocurrency advocates, led by Justin Sun who spent $4.57 million to secure a meal with the multi-billionaire. They discussed a number of topics, including whether Tesla stock is a good investment, as the group tried to convince the […]
The post Bitcoin, Tesla Stock, Tron: How Warren Buffett Got His First Bitcoin appeared first on Bitcoin News.
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