Tag Archives: News

Ethereum (ETH) was recently at the center of a “Christmas controversy.”What’s Going On with Ethereum?Several cryptocurrency enthusiasts reported a ton of ether tokens being moved between exchanges on Christmas Day. The selloff left several observers confused and wondering if perhaps a whale was at work, thereby inciting worry and concern that the crypto industry was likely to suffer from some stiff drops. Overall, more than 200,000 Ethereum was moved.The amount totals nearly $26 million. At...

South Korean National Tax Service sent Bithumb a letter claiming they will need to pay additional taxes for the 2019 fiscal year. The agency claims that the tax is legal because the exchange forgot to pay the taxes from withdrawals that the exchange is constantly processing for customers from abroad.Doo Wan Nam, MakerDAO Business Development Associate says that Bithumb had a net loss of $180 million in 2018, considering the data given by Korea Times. This means that regulators are taking the...

Is China suddenly withdrawing the legality of cryptocurrency mining?China Takes a Stab At a Mining OperationRecently, the country – which has held a rather negative attitude towards bitcoin and digital currency – announced that the process of mining and extracting new digital coins was legal. China had been engaged in a hot debate over the legality of crypto mining given that it was allegedly causing irreparable damage to the environment. However, after several months of going back and forth,...

Yesterday, Live Bitcoin News reported that YouTube was taking down several cryptocurrency-related channels and that it was removing several crypto-based videos. Now, the company is reinstituting all the removed content, claiming that the action occurred due to an “error.”YouTube: Sorry About the Misunderstanding!This seems somewhat fishy. How does an error like that take place, one that constitutes the removal of literally hundreds of videos? On top of that, how does this error get programmed...

Another analyst is claiming that the upcoming bitcoin halving – scheduled for May 14, 2020 – will have no effect on bitcoin’s price. The analyst this time is Meltem Demirors, the chief strategy officer of Coin Shares – a firm that manages digital assets.Demirors: The Halving Isn’t Likely to Do MuchIn a series of tweets, Demirors claims that the upcoming halving isn’t likely to boost bitcoin’s price or influence it positively. She lists up to five reasons why. For the first, she claims:There...

To say that Craig Wright has been a controversial figure in the cryptocurrency industry would be something of an understatement. To say that he’s a man who’s sought to turn the space upside down would probably be more accurate to some analysts and observers.Wright: Nobody Can Touch My CoinsWright recently emerged to say that his alleged bitcoin fortune – which may or may not exist – is likely to remain locked for some time. Recently, a lawsuit outcome required that Wright forfeit roughly $3...

Google and bitcoin have never gotten along. The cryptocurrency has always appeared dangerous to the world’s largest search engine, which previously banned cryptocurrency ads in early 2018, though that ban later came to an end before the year was out.Google Still Hates CryptoNow, the parent company of Google – known as Alphabet – has taken the liberty of targeting those who post videos and content related to cryptocurrencies on YouTube and is removing these videos without an explanation. Many...

Swiss outgoing President and Finance Minister Ueli Maurer said on Friday that Facebook’s Libra project “failed in its current form and needs reworking to be approved.”He said:“I don’t think Libra has a chance in its current form, because central banks will not accept the basket of currencies underpinning it. The project, in this form, has thus failed.”Regulators all over the world have been worried that Libra would possibly increment the risk of money laundering and criminal actions through...

This year was pretty good for one of the most famous world’s billionaires. However, the whole decade seems to finish even better. Take Warren Buffett for example. He is ending the year with a net worth of approximately $89 billion, up around $42 billion since 2010 and making him the seventh-biggest billionaire gainer of the past 10 years. Let it also be known that the Oracle of Omaha never sold any Berkshire Hathaway, and about 98% of his fortune is made up only of the company’s shares.But,...

No doubt Ethereum (ETH) is a hardcore crypto asset that’s not to be messed with. It’s the second-largest cryptocurrency by market cap, and it holds its ground over the likes of Ripple (XRP), bitcoin cash (BCH), EOS (EOS) and Litecoin (LTC).Ethereum Still Has Some IssuesBut even top products and companies appear to suffer from time to time, and Ethereum is no exception. The company recently announced that it was having to cancel out several jobs in both the Philippines and India. While it’s...