Libra is often touted as the Facebook cryptocurrency, but according to Alex Karasulu – CEO and founder of OptDyn – this isn’t necessarily true.Alex Karasulu: Libra Better Than PayPal?In a recent interview, he seeks to answer questions regarding Libra and clear up some of the “myths and legends” that surround it. For example, he comments that Libra will not necessarily be a cryptocurrency in the way bitcoin, Ethereum or Litecoin is, but rather it will be a payment system much like PayPal. In...
Read More »CFTC Chairman Confirms That Just Like Bitcoin, Ethereum Is Also a Commodity
According to the latest report from Yahoo Finance, the chairman of the United States Commodities and Futures Trading Commission called Ethereum (ETH) a commodity.Speaking at the Yahoo Finance Summit, CFTC chairperson Heath Tarbet said that the ETH token falls under the regulatory oversight of CFTC. He further added that in the near future, one cannot rule out the possibility of having Ethereum futures in the market. Tarbet said:“We’ve been very clear on bitcoin: bitcoin is a commodity. We...
Read More »Samsung Joins Forces with Ripple’s Partner Finablr to Introduce International Payments
Samsung Electronics America has officially announced that it will collaborate with the fintech firm, Finablr. The partnership aims to launch an international money transfer service that will operate through the Samsung Pay app. The service currently targets US users and Finablr’s subsidiary Travelex powers it.Official information shows that Finablr is a listed partner of Ripple in London. Nonetheless, this deal with Samsung has no involvement from Ripple or XRP. An official announcement...
Read More »Bitcoin Payments in Alipay Banned as the Payments Giant Takes an Anti-Crypto Stance
Alipay has indicated that it will ban Bitcoin transactions and all others related to cryptocurrency payments. In what seems like an extension on the cryptocurrency war that the Chinese government is waging, the electronic payments giant said in a tweet thread that it would terminate all cryptocurrency-related transactions.If any transactions are identified as being related to bitcoin or other virtual currencies, @Alipay immediately stops the relevant payment services.— Alipay (@Alipay)...
Read More »Coinbase Custody Announces Support for Telegram’s Gram (GRM) Tokens
In its latest announcement, the custodial wing of crypto exchange Coinbase – Conibase Custody – announced support for the Gram tokens. The Gram tokens (GRM) as we all know are the native cryptocurrencies of the Telegram Open Network (TON) blockchain.In addition to the Gram tokens, Coinbase Custody will also support two other cryptocurrencies – Solana (SOL) and Orchid (OXT). Furthermore, in their official blog post, Coinbase said that this decision to support new digital currencies comes from...
Read More »Bitcoin Cash Analysis: BCH Remains At Risk Of Extended Decline
Bitcoin cash price is facing a strong resistance near the $240 level against the US Dollar.The price is currently declining, but it might find support near the $220 level.There is a major ascending channel forming with support near $220 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).The pair must break the key $240 resistance area to continue higher in the near term.Bitcoin cash price is struggling to gain bullish momentum above $240 against the US Dollar. If BCH/USD breaks...
Read More »#725 Bitcoin kaufen laut NVT Indikator, Bitcoin für die Rente & 5000 Shops verkaufen BTC in Frankreich
Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 725. Heute geht’s um folgende Themen: Bitcoin NVT Indikator signalisiert BTC kaufen, Bitcoin für die Rente – General Electric friert 20.000 Renten ein & mehr als 5000 Shops in Frankreich verkaufen Bitcoin. 1.) NVT: Top and Bottom Indicator Signals Time To Buy Bitcoinhttps://www.newsbtc.com/2019/10/10/nvt-top-and-bottom-indicator-signals-time-to-buy-bitcoin/ 2.) Bitcoin für die Rente? – General Electric...
Read More »#724 Eindrücke vom World Digital Mining Summit 2019 aus Frankfurt
Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 724. Heute ein live Video vom World Digital Mining Summit 2019 aus Frankfurt: 4.) Bitcoin Informant bei iTunes als Podcasthttp://ppq6xp.podcaster.de/bitcoin-informant.rss 5.) Der Bitcoin Informant Inside Telegram Kanalhttps://t.me/bitcoininformant Sonnige GrüsseDennis “Bitcoin-Informant” Koray
Read More »IRS Issues New Cryptocurrency Tax Guidance
The Internal Revenue Service (IRS) has published new guidelines for taxpayers who use cryptocurrencies. Already in 2014, when the IRS issued its guidelines it became clear that for tax purposes, virtual currencies – including cryptocurrencies – should be treated as capital assets. The main idea that supports such an approach is that they are convertible into cash. In other words, capital gains tax rules apply to all gains or losses attributable to digital currency.The freshest Revenue Ruling...
Read More »UNICEF to Begin Accepting Donations in Crypto
Charity and cryptocurrency have developed quite a partnership over the years. The latest addition to that mix comes in the form of UNICEF, the United Nations’ organization that seeks to aid starving and impoverished children across the globe.UNICEF Is at the Heart of a Crypto BoostUNICEF has announced that it will begin accepting donations in both ether and bitcoin. It is the first UN-based organization to accept crypto, which could potentially mark a huge point in crypto’s development and...
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