Tag Archives: Cryptocurrency News

The Russian Central Bank has never been a fan of cryptocurrencies. Central bank governor Elvira Nabiullina has adopted a hardline stance against cryptocurrencies in Russia, so her latest statement regarding the fate of a national cryptocurrency in the country doesn’t come across as a surprise. Russian central bank head disses cryptocurrencies, again Russian news outlet Tass reports that Nabiullina doesn’t think that Russia needs a national cryptocurrency. The agency quoted the central...

French company Keplerk has confirmed that consumers will once again be able to buy Bitcoin at one of more than 5200 tobacconists countrywide. Buy €50, €100 or €250 worth of Bitcoin at your local French tobacconist | Source: TwitterAccording to a press release, customers can only purchase Bitcoin coupons in flavors of €50, €100, or €250. Cryptocurrency remains a technical beast for many French citizens who have little knowledge about digital wallets, keys, or exchanges. And although...

In what can only be described as a virtual slap in the face, the Chinese mobile payment platform, Alipay, strongly rebuked bitcoin exchange giant Binance for attempting to implement Alipay as a fiat on-ramp. Did Alipay Reverse Its Bitcoin Ban? New payment options for peer-to-peer (P2P) crypto trading on Binance’s mobile app came to fruition yesterday, as exchange boss Changpeng “CZ” Zhao emphatically unveiled the news on Twitter. The new function allows for mobile users to engage in P2P...

In an incredible and slightly confounding turn of events, Bakkt’s bitcoin Futures volume has soared as much as 796% to a new all-time high (ATH). This is a far cry from previous volumes and a bullish sign of revival for Bakkt following its lackluster beginnings. Launching some two weeks ago, Bakkt day one performance showcased a tepid day-one volume of just 72 BTC. Given the hype and anticipation around the launch, this left a lot to be desired. Since then, the daily volume has fluctuated...

It’s not every day that you see people reveal how much they make per hour on social media. It’s even more unusual for someone to post their hourly rate to the tune of thousands of dollars. Yesterday, we witnessed an atypical spectacle when crypto trader Tone Vays charged someone $2,400 or 0.3 BTC for an hour of his time. The widely-followed analyst shared on Twitter a screenshot of a conversation he had with someone on LinkedIn. In a tweet, Vays name-dropped Bill Gates and Elon Musk while...

For the first time since 2014, the Internal Revenue Service (IRS) has issued guidelines for calculating tax liabilities on hard forks; but it seems to raise more questions than it answers. The document attempts to explain how tax obligations arise from chain-splits; however, the IRS omitted guidance for those who do not wish to receive cryptocurrencies related to a hardfork. What the Fork? The IRS defines tax liabilities as arising as soon as the forked cryptocurrencies come into existence...

A Singaporean has been indicted in the U.S. on charges of stealing cloud computing power on Amazon Web Services (AWS) and Google to mine cryptocurrency. According to the U.S. Attorney’s Office in the Western District of Washington, Ho Jun Jia used the stolen identity and credit card information of a video game developer based in California and a Texan resident to open cloud services accounts with Amazon Web Services and Google Cloud Services. Ho also impersonated the founder of a tech firm...

Anthony Pompliano is a well-known bitcoin bull who is extremely optimistic about the future of the flagship cryptocurrency, but his bullishness has put him in the midst of a storm. As the price of bitcoin skyrocketed on Oct. 9, Pompliano started singing praises of the cryptocurrency once again. The price of bitcoin shot up remarkably yesterday, prompting Pompliano to make a bull case. | Source: TradingView But the co-founder of Morgan Creek Digital got some vitriolic reactions from...

Venezuela’s largest department store chain Traki has installed a Bitcoin ATM on one of its premises. The joint effort led by Traki’s blockchain wing CriptoTraki and a local cryptocurrency exchange Twenty is enabling Venezuelans to purchase bitcoin via the US dollar. Local news source Union Radio reported that Traki is running a “one-way” pilot test, wherein people would be able to buy bitcoin but not sell them. Traki clarified that it would introduce a bitcoin-selling option in the second...

As tensions continue to flare between the U.S. and China amid further trade war competitiveness, Ripple CEO Brad Garlinghouse has pitted the two superpowers against each other yet again, suggesting that America is falling behind China on crypto innovation. A ‘Call to Action’ China’s work on its central bank digital currency (CBDC) has stepped up in recent months. The project, which has been in production since 2014, is inching ever closer to realization, and it has some critics concerned...