Bitfinex Announces It Will Resume Trading Today

The Hong Kong-based bitcoin exchange announced today that it will resume trading after halting the exchange following a security breach that saw $65 million worth of bitcoins stolen earlier this month. In an announcement, Bitfinex said that trading will recommence at 16:00 UTC today with exchange trading enabled for all currencies and pairs. Deposits and […]

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IRS At A Standstill with Bitcoin; Users and Tax Professionals Remain in the Dark

The Internal Revenue Service (IRS) has halted its proceedings of how individuals should report the earnings they make from bitcoin after failing to provide additional guidance to a notice released in 2014, according to the Tax Revolution Institute. In March 2014, the IRS was reported to have released Notice 2014-21 to the masses. Their aim […]

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Anti-Money Laundering Software to Help Banks Prevent Illicit Transfers

A pair of entrepreneurs has developed a solution to help banks reduce the risks involved in remittances. Route Trading Ltd., launched by Musa Jammeh and Taimoor Iqbal, will introduce Money Router, a software solution, to London, U.K. banks to prevent illicit money transfers. Money Router, to be introduced in September, is designed to improve the safety […]

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Venezuela’s Hyperinflation Sees Record Highs of Bitcoin Use

The month of July saw a high number of bitcoin transactions in Venezuela with August achieving a new record high as more people turn to the digital currency as the country continues to tackle the inflation of Bolivar. Venezuela is a country that is blighted by hyperinflation. According to the International Monetary Fund (IMF), Venezuela […]

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Blogger David Seaman Calls Ethereum Classic a Scam; Questions Silbert’s and CoinDesk’s Roles

David Seaman, a crypto blogger, has written a blog in the Huffington Post saying that sources have told him authorities are examining Barry Silbert’s role with Ethereum Classic, which Seaman considers a scam. In another Huffington Post blog, Seaman claims CoinDesk, which Silbert’s Digital Currency Group has acquired, is promoting Ethereum Classic. In the interest […]

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Is California Set to Get Its Own BitLicense?

California is set to follow New York’s lead, but the Bitcoin Foundation wants to stop the state from getting its own version of the BitLicense. The California Bitcoin License bill designated as AB1326 has undergone several changes in the assembly and senate since it was first introduced last year. It is now awaiting a second […]

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Ex-Cop Caught in Undercover Sting Pleads Guilty to Selling Bitcoin Mining Hardware

A former New Jersey police officer is reported to have plead guilty to attempting to sell stolen bitcoin mining hardware, according to NJ.com. Vincent Saggese, 34, is reported to have admitted to meeting an undercover agent last year where he is alleged to have tried selling computer equipment including bitcoin mining equipment from KnC Miner. […]

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Bitcoin Core Ramps up Efforts to Compete with ETH

Three Bitcoin Core developers, Alex Morcos, Suhas Daftuar and Matt Corallo, have announced a month-long “Hacker Residency” for established developers with, preferably, bitcoin experience. The event is organized by Chaincode Labs, “a New York City-based research and development group that explores cryptocurrencies and other peer-to-peer decentralized systems” according to their website. The lab is further […]

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Britain’s Lead as Fintech Sector Hub Still Shaky Post-Brexit

Since Britain’s vote to leave the European Union in June, there have been several discussions surrounding London losing its spot as a leading global fintech hub. The topic became particularly interesting after Paris Europlace, which promotes French finance plans, chose to travel to London to entice financial firms and professionals. The French government agency, Business […]

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CoinOffering Links Virtual and Legal Worlds with Shares on the Ethereum Blockchain

CoinOffering has become the very first registered company to offer legal cryptographic shares in the form of tokens on the Ethereum blockchain linking the virtual and legal worlds. In a press release, CoinOffering explained that it is a unique project that incorporates the Ethereum blockchain and regulated economy. CoinOffering states that legally registered companies now […]

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