Tag Archives: Bitcoin News

Not long ago, an article emerged claiming Biden is using the crypto space to spy on people. Biden Is Using Crypto to See What People Are Doing The article said the government was “chipping away” at people’s financial freedoms and doing little to let them know what was going on. Financial privacy is clearly suffering under this administration, and it’s plausible to assume few people realize what’s happening. There are several things one can say to this, the first one...

Australia has made a specific taxation decision when it comes to crypto assets, and members of the industry and active traders are not happy about it. Australia May Have Made a Severe Choice Regarding Crypto Not long ago, Australia announced that for tax purposes, it would continue to treat digital currencies as physical assets rather than foreign currency. The government of Australia is now set to introduce full legislation cementing the decision. What does this mean?...

For the first time in two years, most of the world’s active bitcoin addresses have experienced heavy losses and are now in the red. Bitcoin Addresses Are Seeing Fewer Returns The data comes from Glass Node, which measured all the current bitcoin addresses that are still sending funds to digital currency exchanges. The company says the activity is at a 23-month low, which means more selloffs could be in BTC’s future in the short term. Dan Ashmore – an analyst at Coin...

True Facet – an online marketplace that sells used watches and jewels – has partnered with Bit Pay, a leading provider of digital currency payment services, to permit shoppers to checkout and purchase items with crypto assets like bitcoin and Ethereum. True Facet Says “Yes” to BTC Payments The move is pushing the goals of bitcoin and its digital counterparts closer to being achieved. What many people likely forget is that while bitcoin and many of its crypto cousins have...

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Two Chinese spies are alleged to have tried to bribe a U.S. intelligence officer with bitcoin as a means of gaining information regarding the prosecution of a company that remains anonymous at the time of writing. The news comes by way of the U.S. Department of Justice. Two Spies Tried to Bride a U.S. Government Employee The two spies that have been named include Dong He (aka Guochun He) and Jacky He (aka Zheng Wang). Both were seeking to steal files and other...

In early 2021, both Elon Musk and Tesla announced that they bought a ton of cryptocurrency – over $1.5 billion in bitcoin, to be exact. While things may have started out on a positive note, the volatility and price swings of 2022 have caused both figures to suffer dramatically, and it appears these bitcoin investments have brought each of them down. Elon Musk Hasn’t Had a Good Bitcoin Run It was announced earlier this year that both figures had lost a lot on their...

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Pushpendra Singh – the founding partner of wealth technology platform Centricity – has nothing against bitcoin and its altcoin cousins, but in a recent interview, he commented that traders and investors really need to be fully aware of the volatility and other problems that plague them. What Does Singh Think of Crypto? He says bitcoin and many other forms of crypto are likely to remain volatile and vulnerable to dramatic price swings that can appear out of nowhere. Singh...