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The cryptocurrency based firm Circle announced it has raised $110Mn USD in a Series E fundraising round led by the Chinese firm Bitmain Technologies. Circle now joins Coinbase as one of the most well-funded cryptocurrency companies in the U.S., and the Boston-based firm has announced plans to issue a dollar-backed cryptocurrency called USD-C. Also read: Yahoo! […]
The post Circle Raises $110Mn With Plans to Launch USD-Backed Coin appeared first on Bitcoin News.
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Over the past year, cryptocurrency-backed lending has grown very popular with organizations like Salt Lending, and Unchained Capital trying to capture a piece of this emerging industry. Projects like Salt Lending have issued millions worth of crypto-backed loans so far and the teams behind these digital currency operations believe crypto-to-cash lending is going to be […]
The post Crypto-to-Cash Lending is Growing Quite Popular These Days appeared first on Bitcoin News.
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Half of nearly all transactions involve money, a medium of exchange (MOE). For almost everyone, one of those halves has always been derived, considered, instituted by governments. Also known as fiat, government money, notes, they appear to us as inevitable, right as rain, plainly self evident. However, for the first time in a long time, […]
The post Bitcoin Versus Government Money: One is Clearly Superior appeared first on Bitcoin News.
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IMF chief Christine Lagarde has dedicated her latest two blog posts on the official IMF website to cryptocurrencies. In her latest post, she outlines multiple benefits of crypto and envisages a large-scale shift away from government-issued currencies towards cryptocurrencies. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space 2 Blog Posts Dedicated to Crypto The […]
The post IMF Chief Envisages Large-Scale Shift Towards Cryptocurrencies appeared first on Bitcoin News.
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Cryptocurrencies are often criticized for failing to replicate some of the basic functions of fiat money. Governments are always ready to warn you that you can’t spend, or save, or trade, or make digital coins. This state of mind, however, is slowly but surely changing, as more benefits become apparent. Paying, saving, investing – bitcoin […]
The post The Government Dilemma: How To Tax Something One Pretends Does Not Exist appeared first on Bitcoin News.
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Tax season in the U.S. is here, and many citizens who use or hold cryptocurrencies are clamoring around trying to figure out how to file their capital gains taxes. According to reports from Fundstrat’s analyst Tom Lee, cryptocurrencies represent roughly 20 percent of last years U.S. capital gains. Also Read: Emin Gün Sirer Discusses Cryptocurrency Academics […]
The post Tax Paying Americans Owe $25 Billion in Cryptocurrency appeared first on Bitcoin News.
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Bitcoin ATMs are becoming increasingly popular as the adoption of cryptocurrencies are becoming more mainstream. They make buying and selling cryptocurrency much more accessible than ever before.
The company leading the way to mainstream adoption is Bitcoin Depot.
Bitcoin Depot has recently installed its 125th ATM, adding to the company`s rapidly growing Bitcoin ATM network. Its convenient physical locations are making a significant impact on cryptocurrency adoption and usage. All Bitcoin Depot ATMs now support Litecoin, Bitcoin Cash, and Ethereum which are much quicker to transact with and have lower-fees than Bitcoin. Bitcoin Depot currently provides cryptocurrency access to 85 million in 15 states nationwide.
The post PR: Bitcoin Depot – Expands Bitcoin Atm Network to 15 States to Provide Cryptocurrency Access to 85 Million People appeared first on Bitcoin News.
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Over the past few months of 2018 flying under the radar, there’s a new charity aimed at feeding Venezuelan citizens and their children — a group called ‘eat BCH.’ The group has been getting a lot of bitcoin cash (BCH) donations towards feeding the hungry from within the country’s troubled economy. The donations are proving […]
The post Meet the Charity ‘eat BCH’ – the P2P Electronic Cash-to-Food System appeared first on Bitcoin News.
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The Satoshi Revolution: A Revolution of Rising Expectations Section 2: The Moral Imperative of Privacy Chapter 6: Privacy is a Prerequisite for Human Rights How Centralized Exchanges Intend to Devastate You. Chapter 6, Part 6. The root problem with conventional currency is all the trust that’s required to make it work…We have to trust them […]
The post Wendy McElroy: How Centralized Exchanges Intend to Devastate You appeared first on Bitcoin News.
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The peer-to-peer mobile payment service, Abra announced the integration of 20 new cryptocurrencies and 50 fiat currencies into the firm’s app with real-time exchange features. Today the company is rolling out 13 new digital assets and will release the remainder over the next week. Also read: Google Bans Crypto Ads: No Currencies, ICOs, Exchanges, Wallets, Advice […]
The post Abra Mobile App Adds 20 New Cryptocurrencies and ‘Stablecoin’ Technology appeared first on Bitcoin News.
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