Russia Will Keep Crypto Legal, Renaming Them ‘Digital Rights’
The head of State Duma Financial Market Committee for the Russian government, Anatoly Aksakov, has confirmed that drafts of legislation are being prepared to regulate cryptocurrency activity in Russia. Cryptocurrency will remain legal in Russia, but will be renamed ‘Digital Rights’. The legislation could be passed and adopted by the Russian Duma on 29 July 2018.
Read full article at https://bitcoinnews.com/russia-will-keep-crypto-legal-renaming-them-digital-rights/
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Bitcoin Futures Contracts Expiration Possible Cause of Market Volatility
The head of research at Fundstrat Global Advisors, Thomas Lee, says the expiration dates of future contracts may be a cause of market volatility and may be part of the reason Bitcoin’s price slid this past week.
Chicago Board Options Exchange (CBOE) Bitcoin futures contracts for June expired on 13 June 2018, and that same day Bitcoin dropped as low as USD 6,100 on Bitfinex. Lee says that Bitcoin drops on average 18% in the 10 days leading up to monthly futures contract expirations. So far there have been six future contract expiration dates since Bitcoin futures launched on CBOE in December 2017.
Read full article at https://bitcoinnews.com/bitcoin-futures-contracts-expiration-possible-cause-of-market-volatility/
The head of research at Fundstrat Global Advisors, Thomas Lee, says the expiration dates of future contracts may be a cause of market volatility and may be part of the reason Bitcoin’s price slid this past week.
Chicago Board Options Exchange (CBOE) Bitcoin futures contracts for June expired on 13 June 2018, and that same day Bitcoin dropped as low as USD 6,100 on Bitfinex. Lee says that Bitcoin drops on average 18% in the 10 days leading up to monthly futures contract expirations. So far there have been six future contract expiration dates since Bitcoin futures launched on CBOE in December 2017.
Read full article at https://bitcoinnews.com/bitcoin-futures-contracts-expiration-possible-cause-of-market-volatility/
Russians Race to Pay Crypto Taxes Before Government Legislation
It has been reported that Russian taxpayers are now declaring their crypto earnings prior to Duma legislation being passed in the country.
Many European countries are currently tackling their tax laws in the light of the increasing popularity of cryptocurrencies and a rapid rise in digital currency adoption.
Read full article at https://bitcoinnews.com/russians-race-to-pay-crypto-taxes-before-government-legislation/
It has been reported that Russian taxpayers are now declaring their crypto earnings prior to Duma legislation being passed in the country.
Many European countries are currently tackling their tax laws in the light of the increasing popularity of cryptocurrencies and a rapid rise in digital currency adoption.
Read full article at https://bitcoinnews.com/russians-race-to-pay-crypto-taxes-before-government-legislation/
Irish Crypto Use up 300% in 4 Years
A poll conducted by Amarach Research and Red Flag has found that 120,000 Irish citizens now own cryptocurrency, up 300% in four years. The study also found that 180,000 Irish citizens have traded or used Bitcoin at some point and that public sentiment in Ireland towards Bitcoin is shifting from suspicion to curiosity.
Read full article at https://bitcoinnews.com/irish-crypto-use-up-300-in-4-years/
A poll conducted by Amarach Research and Red Flag has found that 120,000 Irish citizens now own cryptocurrency, up 300% in four years. The study also found that 180,000 Irish citizens have traded or used Bitcoin at some point and that public sentiment in Ireland towards Bitcoin is shifting from suspicion to curiosity.
Read full article at https://bitcoinnews.com/irish-crypto-use-up-300-in-4-years/
Binance CEO Accuses Crypto Exchanges of Inflating Volume Statistics
In an interview with Cointelegraph, Binance CEO Changpeng Zhao discussed how some cryptocurrency exchanges are engaging in manipulation of their volume statistics to give traders the impression they have more liquidity and are more popular than they really are.
This question was asked to Changpeng Zhao in response to a recent study that found evidence through slippage analysis that OKEx was inflating its volume statistics. Cryptocurrency trader Sylvain Ribes sold USD 50,000 of cryptocurrency on Bitfinex, Kraken, GDAX, and OKEx, and found that the order book became unstable on OKEx even from this relatively small sell. Prices declined on OKEx by over 4%, proving low liquidity and lack of support in the order book.
Read full article at https://bitcoinnews.com/binance-ceo-accuses-crypto-exchanges-of-inflating-volume-statistics/
In an interview with Cointelegraph, Binance CEO Changpeng Zhao discussed how some cryptocurrency exchanges are engaging in manipulation of their volume statistics to give traders the impression they have more liquidity and are more popular than they really are.
This question was asked to Changpeng Zhao in response to a recent study that found evidence through slippage analysis that OKEx was inflating its volume statistics. Cryptocurrency trader Sylvain Ribes sold USD 50,000 of cryptocurrency on Bitfinex, Kraken, GDAX, and OKEx, and found that the order book became unstable on OKEx even from this relatively small sell. Prices declined on OKEx by over 4%, proving low liquidity and lack of support in the order book.
Read full article at https://bitcoinnews.com/binance-ceo-accuses-crypto-exchanges-of-inflating-volume-statistics/
McAfee Furious over SEC Decision to Classify ICOs as Securities, Demands Debate with SEC Chairman
Infamous cryptocurrency advocate John McAfee, who is running for President of the United States with a campaign platform that focuses on cryptocurrency, is furious over the Security and Exchange Commission’s (SEC) decision to classify most initial coin offerings (ICOs) as securities. He is demanding a debate with SEC chairman Jay Clayton that would he hopes to be broadcast on CNN.
Read full article at https://bitcoinnews.com/mcafee-furious-over-sec-decision-to-classify-icos-as-securities-demands-debate-with-sec-chairman/
Infamous cryptocurrency advocate John McAfee, who is running for President of the United States with a campaign platform that focuses on cryptocurrency, is furious over the Security and Exchange Commission’s (SEC) decision to classify most initial coin offerings (ICOs) as securities. He is demanding a debate with SEC chairman Jay Clayton that would he hopes to be broadcast on CNN.
Read full article at https://bitcoinnews.com/mcafee-furious-over-sec-decision-to-classify-icos-as-securities-demands-debate-with-sec-chairman/
Montana County Postpones Bitcoin Mining Suspension
Missoula county of the US state Montana has postponed ruling on a decision as to whether Bitcoin mining initiatives should be shut down, as well as the banning of any new projects. The final decision will now be made in August.
A lack of information has been cited as the prominent reason behind this deferment, as reported by CoinDesk. A public hearing held by the Missoula County Commission concluded that the limited data available was not sufficient to address all of the concerns.
Read full article at https://bitcoinnews.com/montana-county-postpones-bitcoin-mining-suspension/
Missoula county of the US state Montana has postponed ruling on a decision as to whether Bitcoin mining initiatives should be shut down, as well as the banning of any new projects. The final decision will now be made in August.
A lack of information has been cited as the prominent reason behind this deferment, as reported by CoinDesk. A public hearing held by the Missoula County Commission concluded that the limited data available was not sufficient to address all of the concerns.
Read full article at https://bitcoinnews.com/montana-county-postpones-bitcoin-mining-suspension/
Venezuela Targets Bank Accounts for Crypto Sold at “Speculative Prices”
The Venezuelan government has announced that it will start monitoring accounts of its nationals who conduct cryptocurrency transactions.
Vice President Tarek El Aissami explained that the government will start monitoring bank accounts for crypto-related transactions and will prosecute those trading them “at speculative prices,” according to Bitcoin.com.
Read full article at https://bitcoinnews.com/venezuela-targets-bank-accounts-for-crypto-sold-at-speculative-prices/
The Venezuelan government has announced that it will start monitoring accounts of its nationals who conduct cryptocurrency transactions.
Vice President Tarek El Aissami explained that the government will start monitoring bank accounts for crypto-related transactions and will prosecute those trading them “at speculative prices,” according to Bitcoin.com.
Read full article at https://bitcoinnews.com/venezuela-targets-bank-accounts-for-crypto-sold-at-speculative-prices/
‘Crypto’ Movie To Explore Cryptocurrency In Nuanced And Exciting Way
Director John Stalberg Jr. is producing a film titled ‘Crypto‘ that he says will explore cryptocurrency in a nuanced and exciting way. Several famous Hollywood actors will star in the film including Kurt Russell, famous for his roles in Guardians of the Galaxy, Stargate, and the Fast and the Furious.
Also starring in the film are Beau Knapp from Seven Seconds, Alexis Bledel from Gilmore Girls, Luke Hemsworth from Westworld, Jeremie Harris from Legion, and Vincent Kartheiser from Mad Men. The director says he is overjoyed to work with such an incredible cast since it will bring this thrilling story to life.
Read full article at https://bitcoinnews.com/crypto-movie-to-explore-cryptocurrency-in-nuanced-and-exciting-way/
Director John Stalberg Jr. is producing a film titled ‘Crypto‘ that he says will explore cryptocurrency in a nuanced and exciting way. Several famous Hollywood actors will star in the film including Kurt Russell, famous for his roles in Guardians of the Galaxy, Stargate, and the Fast and the Furious.
Also starring in the film are Beau Knapp from Seven Seconds, Alexis Bledel from Gilmore Girls, Luke Hemsworth from Westworld, Jeremie Harris from Legion, and Vincent Kartheiser from Mad Men. The director says he is overjoyed to work with such an incredible cast since it will bring this thrilling story to life.
Read full article at https://bitcoinnews.com/crypto-movie-to-explore-cryptocurrency-in-nuanced-and-exciting-way/
Australian Tax Office to Tighten Crypto Tax Collection This Year
The Australian Taxation Office (ATO) is reported to be channeling its attention on taxes owed by cryptocurrency investors this year, according to Cointelegraph.
The Australian Taxation Office is an Australian government statutory agency and the principal revenue collection body for the Australian government.
The ATO will be enforcing its tax requirements this year by using 100 point checks, a security checking system long favored by the Australian government and other sectors, and also call on bilateral agreements with other countries to identify users for tax payment purposes. There are currently over 40 countries who have such agreements with Australia including the US and the UK.
Read full article at https://bitcoinnews.com/australian-tax-office-to-tighten-crypto-tax-collection-this-year/
The Australian Taxation Office (ATO) is reported to be channeling its attention on taxes owed by cryptocurrency investors this year, according to Cointelegraph.
The Australian Taxation Office is an Australian government statutory agency and the principal revenue collection body for the Australian government.
The ATO will be enforcing its tax requirements this year by using 100 point checks, a security checking system long favored by the Australian government and other sectors, and also call on bilateral agreements with other countries to identify users for tax payment purposes. There are currently over 40 countries who have such agreements with Australia including the US and the UK.
Read full article at https://bitcoinnews.com/australian-tax-office-to-tighten-crypto-tax-collection-this-year/
3.4 Million USD Property Designed by Frank Lloyd Wright’s Student Can Be Purchased With Bitcoin
A luxurious mansion at 200 Panoramic Way in Berkeley, California named ‘Panoramic Sky’ is on sale for 3.388 million USD. The mansion was designed by Daniel Liebermann, who was the student of Frank Lloyd Wright.
According to listing agent Emma Prok of Climb Real Estate, the seller is considering Bitcoin or other forms of cryptocurrency as payment. Panoramic Sky is listed on Propy, which is a platform for securing cross-border real-estate transactions with blockchain technology.
Read full article at https://bitcoinnews.com/3-4-million-usd-property-designed-by-frank-lloyd-wrights-student-can-be-purchased-with-bitcoin/
A luxurious mansion at 200 Panoramic Way in Berkeley, California named ‘Panoramic Sky’ is on sale for 3.388 million USD. The mansion was designed by Daniel Liebermann, who was the student of Frank Lloyd Wright.
According to listing agent Emma Prok of Climb Real Estate, the seller is considering Bitcoin or other forms of cryptocurrency as payment. Panoramic Sky is listed on Propy, which is a platform for securing cross-border real-estate transactions with blockchain technology.
Read full article at https://bitcoinnews.com/3-4-million-usd-property-designed-by-frank-lloyd-wrights-student-can-be-purchased-with-bitcoin/
Cycle Your Way to Bitcoin With the Latest TOBA Crypto Mining Pushbike
UK company specializing in the manufacture of electric bicycles has come up with the novel idea of creating the world’s first e-bike that mines cryptocurrency, writes Cycling Industry News.
The company 50cycles has come up with the TOBA series cryptocurrency mining electric bicycle which will earn users cryptocurrency as they ride, generating ‘LoyalCoin’ at a rate of around £20 worth to every 1,000 miles ridden.
Read the full article at https://bitcoinnews.com/cycle-your-way-to-bitcoin-with-the-latest-toba-crypto-mining-pushbike/
UK company specializing in the manufacture of electric bicycles has come up with the novel idea of creating the world’s first e-bike that mines cryptocurrency, writes Cycling Industry News.
The company 50cycles has come up with the TOBA series cryptocurrency mining electric bicycle which will earn users cryptocurrency as they ride, generating ‘LoyalCoin’ at a rate of around £20 worth to every 1,000 miles ridden.
Read the full article at https://bitcoinnews.com/cycle-your-way-to-bitcoin-with-the-latest-toba-crypto-mining-pushbike/
CBOE Considering Ethereum Futures After SEC Decision
The President of the Chicago Board Options Exchange (CBOE), Chris Concannon says Ethereum futures could be available soon, following a decision from the Securities and Exchange Commission (SEC) that Ethereum won’t be regulated as a security.
The CBOE President says this decision gets rid of a major stumbling block that was hindering the path towards legally operating an Ethereum futures exchange, and that he is pleased with the SEC for making this clarification. Apparently, CBOE has been thinking about offering Ethereum futures trading since it first launched its Bitcoin futures exchange in December 2017. Bitcoin and Ethereum are the top 2 cryptocurrencies with market caps of 112 billion USD and 50 billion USD respectively as of this writing, 57% of the total cryptocurrency market cap of 281 billion USD.
Read the full article at https://bitcoinnews.com/cboe-considering-ethereum-futures-after-sec-decision/
The President of the Chicago Board Options Exchange (CBOE), Chris Concannon says Ethereum futures could be available soon, following a decision from the Securities and Exchange Commission (SEC) that Ethereum won’t be regulated as a security.
The CBOE President says this decision gets rid of a major stumbling block that was hindering the path towards legally operating an Ethereum futures exchange, and that he is pleased with the SEC for making this clarification. Apparently, CBOE has been thinking about offering Ethereum futures trading since it first launched its Bitcoin futures exchange in December 2017. Bitcoin and Ethereum are the top 2 cryptocurrencies with market caps of 112 billion USD and 50 billion USD respectively as of this writing, 57% of the total cryptocurrency market cap of 281 billion USD.
Read the full article at https://bitcoinnews.com/cboe-considering-ethereum-futures-after-sec-decision/
Italian Bitcoin Wallets Seized In Continuing BitGrail/Nano Saga
BitGrail has announced that bitcoins stored in the firm’s wallets have been seized from its Italian exchange by authorities, reports CoinTelegraph.
The Tribunal of Florence court order to seize the funds is part of an ongoing saga in the Italian courts which began when a US class action was filed against the company in order to compensate victims for the loss of 17 million XRB (Nano) tokens, thought to have been stolen in January of this year. They were worth about USD 187 million at the time the theft was reported.
Read the full article at https://bitcoinnews.com/italian-bitcoin-wallets-seized-in-continuing-bitgrail-nano-saga/
BitGrail has announced that bitcoins stored in the firm’s wallets have been seized from its Italian exchange by authorities, reports CoinTelegraph.
The Tribunal of Florence court order to seize the funds is part of an ongoing saga in the Italian courts which began when a US class action was filed against the company in order to compensate victims for the loss of 17 million XRB (Nano) tokens, thought to have been stolen in January of this year. They were worth about USD 187 million at the time the theft was reported.
Read the full article at https://bitcoinnews.com/italian-bitcoin-wallets-seized-in-continuing-bitgrail-nano-saga/
New Version of Bitcoin Core 0.16.1 Released
A new version of Bitcoin Core, 0.16.1, has been officially released by a group of 19 Bitcoin Core developers on 15 June 2018. This is the first update to Bitcoin Core since 0.16.0 in February 2018 which implemented full support for Segregated Witness (SegWit) to fit more transactions into blocks and reduce transaction fees.
In this update, the “blockmaxsize” option has been removed, and now miners should use “blockmaxweight” if they want to limit block size. Several other bugs are fixed in addition to some policy and documentation changes which can be found in the PGP signed 0.16.1 release notes. Basically, there aren’t any major changes to Bitcoin Core with this release, but it is important to be running the latest software, so Bitcoin Core users should update to 0.16.1.
Read full article at https://bitcoinnews.com/bitcoin-core-0-16-1-released/
A new version of Bitcoin Core, 0.16.1, has been officially released by a group of 19 Bitcoin Core developers on 15 June 2018. This is the first update to Bitcoin Core since 0.16.0 in February 2018 which implemented full support for Segregated Witness (SegWit) to fit more transactions into blocks and reduce transaction fees.
In this update, the “blockmaxsize” option has been removed, and now miners should use “blockmaxweight” if they want to limit block size. Several other bugs are fixed in addition to some policy and documentation changes which can be found in the PGP signed 0.16.1 release notes. Basically, there aren’t any major changes to Bitcoin Core with this release, but it is important to be running the latest software, so Bitcoin Core users should update to 0.16.1.
Read full article at https://bitcoinnews.com/bitcoin-core-0-16-1-released/
Kiev Wants His Statue, the CIA Is Tight-Lipped. So Who Is Satoshi Nakamoto?
In Ukraine’s Capital, Kiev plans are underway to install a statue of the pseudonymous creator of Bitcoin, Satoshi Nakamoto in the same location where a statue of Russian communist revolutionary Lenin, used to stand, writes CNN.
Father of the Russian nation, Lenin, had stood on the spot until it was torn down by Ukrainians during the 2014 Revolution of Dignity when the government of the day was overturned.
The idea of the erection of a statue to honor Bitcoin’s reputed founder was down to a group known dramatically as the Satoshi Nakamoto Republic. The initial idea is to have a virtual monument on the site which can be viewed using tech such as smartphones and tablets, with an app developed by Raccoon World.
Read full article at https://bitcoinnews.com/kiev-wants-his-statue-the-cia-is-tight-lipped-so-who-is-satoshi-nakamoto/
In Ukraine’s Capital, Kiev plans are underway to install a statue of the pseudonymous creator of Bitcoin, Satoshi Nakamoto in the same location where a statue of Russian communist revolutionary Lenin, used to stand, writes CNN.
Father of the Russian nation, Lenin, had stood on the spot until it was torn down by Ukrainians during the 2014 Revolution of Dignity when the government of the day was overturned.
The idea of the erection of a statue to honor Bitcoin’s reputed founder was down to a group known dramatically as the Satoshi Nakamoto Republic. The initial idea is to have a virtual monument on the site which can be viewed using tech such as smartphones and tablets, with an app developed by Raccoon World.
Read full article at https://bitcoinnews.com/kiev-wants-his-statue-the-cia-is-tight-lipped-so-who-is-satoshi-nakamoto/
Xapo Chief Ted Rodgers: Bitcoin Will be Global Reserve, But Go Long
Xapo president Ted Rodgers believes that Bitcoin will become a global reserve asset, similar to the current U.S. dollar, writes News BTC.
Rodgers sees the market making a recovery, but slowly with little impact over the next few weeks, but feels, long-term, Bitcoin will be worth hundreds of thousands of dollars.
Read full article at https://bitcoinnews.com/xapo-chief-ted-rodgers-bitcoin-will-be-global-reserve-but-go-long/
Xapo president Ted Rodgers believes that Bitcoin will become a global reserve asset, similar to the current U.S. dollar, writes News BTC.
Rodgers sees the market making a recovery, but slowly with little impact over the next few weeks, but feels, long-term, Bitcoin will be worth hundreds of thousands of dollars.
Read full article at https://bitcoinnews.com/xapo-chief-ted-rodgers-bitcoin-will-be-global-reserve-but-go-long/
Start Your Morning Right With Some Bitcoin Coffee
Now everyone can start the morning right with a steaming hot cup of Bitcoin coffee, thanks to Ricardo Reis of Brazil. He has been a Bitcoin enthusiast since 2016 and created this automated Bitcoin-powered coffee machine to prove the ease of using Bitcoin as a currency.
Read full article at https://bitcoinnews.com/start-morning-right-bitcoin-coffee/
Now everyone can start the morning right with a steaming hot cup of Bitcoin coffee, thanks to Ricardo Reis of Brazil. He has been a Bitcoin enthusiast since 2016 and created this automated Bitcoin-powered coffee machine to prove the ease of using Bitcoin as a currency.
Read full article at https://bitcoinnews.com/start-morning-right-bitcoin-coffee/
Tim Draper: Crypto Market Will See $100 Trillion Cap by 2028
Venture capitalist and Bitcoin bull Tim Draper has predicted that by 2028 the cryptocurrency market will be capped at USD 100 trillion, despite the recent downturns in the market.
Draper has become notorious in the industry for his seemingly outlandish predictions, and this one does not largely differ from this trend. The current market cap stands at just above two hundred eighty billion, meaning that an arguably unprecedented amount of growth would be required to meet his forecast.
Read full article at https://bitcoinnews.com/tim-draper-crypto-market-will-see-100-trillion-cap-by-2028/
Venture capitalist and Bitcoin bull Tim Draper has predicted that by 2028 the cryptocurrency market will be capped at USD 100 trillion, despite the recent downturns in the market.
Draper has become notorious in the industry for his seemingly outlandish predictions, and this one does not largely differ from this trend. The current market cap stands at just above two hundred eighty billion, meaning that an arguably unprecedented amount of growth would be required to meet his forecast.
Read full article at https://bitcoinnews.com/tim-draper-crypto-market-will-see-100-trillion-cap-by-2028/
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