Category Archives: Crypto News

Op Ed: Bitcoin Is a Declaration of Our Monetary Independence

Nick Spanos is an early adopter and innovator in the blockchain space. He is best known for launching Bitcoin Center NYC, the world’s first live cryptocurrency exchange, in 2013, right next to the New York Stock Exchange — as immortalized in the Netflix documentary “Banking on Bitcoin.” As part of Bitcoin Magazine’s series of interviews and op eds leading up to the 10th Anniversary of Bitcoin, Nick shares his thoughts an early Bitcoin adopter. Before Bitcoin, I worked tirelessly for liberty-minded political candidates for many years. These […]

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Finland Hands Over Info for 2,700 Danish Traders to Denmark’s Tax Agency

Finnish tax authorities have handed over information on 2,700 bitcoin traders to its Danish counterpart, Skattestyrelsen (SKAT). According to a press release, the traders used an undisclosed Finnish exchange to collectively purchase and sell some $15.65 million worth of bitcoin (102.7 million kronor) between 2015 and 2017. A handful of these investors traded amounts between $1,105 and $110,450 (10,000 to 1,000,000 kronor), while the overwhelming majority traded an amount equal to or less than $1,105. Very few traded amounts over $110,450. “Right now we are identifying the […]

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After $4M Funding Round, BlockFi Eyes Savings Account, Crypto Credit Cards

BlockFi https://bitcoinmagazine.com/articles/blockfi-gives-hodlers-another-option-borrow-against-crypto-assets/ , the New York-based startup that provides crypto collateralized loans, has raised additional funds to expand its services. The startup announced that it has received an additional $4 million in its recent funding round in a company blog post. The recently revealed funding round comes some months after the company raised $52.5 million in a round led by Galaxy Digital, including $1.55 million in funding from ConsenSys Ventures and PJC prior. Akuna Capital led today’s funding round, with participation from other investors, including Digital Galaxy […]

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Bitwala Is Offering German Citizens Joint Crypto and Fiat Banking Accounts

German blockchain startup Bitwala has launched crypto banking in Germany. After securing €4 million (roughly $4.5 million) from VC firms Earlybird and Coparion in September of 2018 to develop a crypto banking solution, the company has allegedly amassed a waiting list of 30,000 potential users. Bitwala’s new banking solution, which it claims was built to “close the gap between crypto and traditional banking,” was developed in partnership with local fintech startup SolarisBank, which has a banking license and is fully regulated by the German financial regulatory authority […]

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This New Lightning Wallet Allows You to Receive Tips Without Running a Node

A new program to set up Lightning Network micropayments, tippin.me, has recently entered beta testing. The developer for this project described some of its details on a Reddit thread to the r/Bitcoin subreddit. The dev says that it “allows you to receive tips (micro-payments) over the Lightning Network, anytime, anywhere, without needing a LN node,” by means of “a simple web custodial wallet.” Upon signup, tippin.me “gives you a personal tippin’ link to be shared that contains a fresh QR Invoice with an undefined amount to be […]

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The World’s First ERC-20 and Bitcoin Atomic Swap Has Taken Place

At the December 7, 2018, TenX Summit, a group of developers showcased an industry first: an atomic swap between a non-native asset, TenX’s PAY token, and a native asset, bitcoin. By non-native, the team is referring to an asset/coin that is not the base currency for the network. For Ethereum, for example, the native asset is ether, while any token that is built on the protocol is considered a non-native asset. CoBloX, a TenX research and development lab, is responsible for the achievement. Demonstrating their work to […]

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Prosecutors Seek 10-Year Jail Sentence for Karpeles Over Mt. Gox Embezzlement

Former Mt. Gox CEO Mark Karpeles has run into trouble in the Japanese legal system, and prosecutors are pursuing a 10-year jail sentence for alleged embezzlement during his tenure at Mt. Gox. According to a local Japanese news outlet, Karpeles is under indictment for embezzling 341 million yen ($3 million USD) of customer funds into his own personal account. The indictment apparently also alleges that Karpeles “manipulated data on his company’s trading system to pad the balance.” As Mt. Gox was based in Tokyo, it has been […]

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Bitcoin Price Analysis: Bear Pennant Breakout Puts $1,700 Price in Sight

Another week, another low. Bitcoin’s market has been bleeding relentlessly for weeks and now, after falling 50% in value in just one month, the market has managed to break south of a major bearish consolidation pattern called a bear pennant: Figure 1: BTC-USD, 4-Hour Candles, Bear Pennant Breakout This is a massive bear pennant with a staggering $2,000 measured move. In layman’s terms: The price target for this breakout would be approximately $1,700, after all is said and done. Now, it’s important to note this is just […]

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Coinbase Might Be Behind Those 856,000 BTC Worth of Transactions

Last week, it was reported that a Bitcoin whale had moved thousands of bitcoin into different wallet addresses. Between December 1 to December 6, 2018, the whale split 856,000 bitcoin between 107 wallets, sending an equal 8,000 BTC into each wallet. Speculators have formulated different hypotheses since the monstrous sum was moved. Was it a market whale moving funds to Over-the-Counter (OTC) markets? Could the sender be the Foundation for Economic Education (Fee.org)? (This second theory is highly improbable as the listed address on the organization’s website […]

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Crypto Holiday Guide: Gifts for Every Bitcoiner on Your Shopping List

The holiday season is here. And even if crypto prices are on the coal heap, you can still have fun spreading some holiday bitcoin cheer. For the bitcoiners in your life, this could mean a crypto-related gift as a token of solidarity. After all, what better way to commiserate with fellow HODLers than decking their holiday halls with bitcoin-themed gifts? What better way to say “we’re in it for the long haul” than with a hardware wallet? Or “I’ve got your back — literally” than with a […]

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