Israel’s Supreme Court has ruled in favor of crypto exchange Bits of Gold in its legal battle with Bank Leumi, the country’s second-largest bank. The ruling means Bank Leumi has to open banking services to the exchange, although the bank has objected to the decision in principle, per a report on Finance Magnates. The news outlet quotes Bits of Gold CEO Yuval Roash who commented on the ruling and what it meant for the crypto community in Israel. “We worked hard to set up a company which met regulatory requirements, in a new industry, and those efforts paid off. I am proud to be a part of this flourishing industry and push it towards the right regulation,” he said. Bits of Gold’… [Read More...]
Daily Discussion, September 04, 2019
Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you! If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow. We have a couple chat rooms now! General Price Talk Please check the previous discussion thread for unanswered questions. submitted by /u/rBitcoinMod [link] [comments] [Read More...]
Why the Marshall Islands Is Issuing Its Own Cryptocurrency
The Marshall Islands is moving ahead with a plan to issue a sovereign currency built on blockchain, writes Minister David Paul. [Read More...]
Bitcoin News Summary – August 19, 2019
The post Bitcoin News Summary – August 19, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. ??? New Zealand’s tax agency, the Inland Revenue Department, released a groundbreaking ruling, stating that salaries and wages may be legally paid in cryptocurrency. Income tax will be applied to such payments as per usual. To qualify, payments must be in regular amounts in cryptos [Read More...]
Buy Bitcoin with Paypal Using 5 Easy Steps
Paypal was once among the favored methods for buying and selling bitcoin. This should come as no surprise. After all, Paypal is one of the Internet’s largest online payment processors while Bitcoin is the most popular digital currency. The two should be a match made in heaven, right? Actually, selling bitcoin may violate Paypal’s terms and services. For one, Paypal prohibits activity that “(h) involves currency exchanges or check cashing businesses.” While the debate over whether bitcoin is a digital asset or currencies continues to rise, the above prohibition adds complications for bitcoin traders. Second, scammers have been using a quirk in Paypal’s payment system to successfully scam people. Basically, someone will use Paypal to purchase Bitcoin, then claim that they didn’t receive anything. Since Bitcoin … [Read More...]
CEDEX and U2 Diamonds enter joint venture to facilitate diamond ETF
CEDEX Holdings Limited (“CEDEX”) and U2 Diamonds (“U2”) have entered into a joint venture to support issuers that are looking to issue the first diamond ETF. CEDEX is a global, digital diamond exchange, focused on transforming diamonds into a new financial asset class. CEDEX developed a unique proprietary technology called the DEX, and combined with … Continue reading CEDEX and U2 Diamonds enter joint venture to facilitate diamond ETF The post CEDEX and U2 Diamonds enter joint venture to facilitate diamond ETF appeared first on CoinSpectator Blog. [Read More...]
Bitcoin Casino MintDice Brings Trust and Investment Opportunities to Players
Bitcoin Press Release: Cryptocurrency casinos have become big business in the world of bitcoin and digital currencies. Bitcoin casino MintDice leads this online shift, with its new investment opportunities, masternode/staking revenue, unique site features, and a series of classic casino games to wager on. 3rd August 2019 Willemstad, Curacao – Thanks to the key characteristics of blockchain technology, namely transparency and immutability, top bitcoin casino MintDice has been able to tap into a new level of trust between gamers and virtual casinos. MintDice utilizes a provably fair betting algorithm, allowing all players to review their bets, and confirm that they weren’t being taken advantage of by the house. So whenever a player decides to come and play Online Slots, Plinko or the upcoming PowerMint Bitcoin Lottery Jackpot, … [Read More...]
Bitcoin News Summary – August 26, 2019
The post Bitcoin News Summary – August 26, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin. ???? Online retailer, Rakuten, often described as the Amazon of Japan, announced the launch of its new crypto exchange app, Rakuten Wallet. Initially, supported cryptos are Bitcoin, Ethereum, and Bitcoin Cash. The app is available for Android, with iOS coming next month. Major crypto derivatives exchange, BitMEX, has [Read More...]
Libra’s dependence on governments, central banks is its biggest weakness, claims eToro CEO
The steady growth of the cryptocurrency market has caught the attention of a lot of major tech giants, including the likes of Facebook, JP Morgan and now, Telegram. Out of these, Facebook’s Libra remains the most talked-about project, not only owing to its huge user base, but also due to the several hearings which have […] [Read More...]
01.15.19 Minutes of Regular Meeting of the Board of Directors of The Bitcoin Foundation
Minutes of The Bitcoin Foundation Board Meeting held on January 15, 2019 Present: Bobby Lee Brock Pierce (Chairman) Llew Claasen (Executive Director) Michael Perklin Vinny Lingham Absent: Bruce Fenton Approval of the agenda The agenda for the meeting was approved by the Board. Approval of the minutes The minutes of the meeting held on November 20, 2018, were approved by all present. Financial update – December 2018 December revenue includes Membership contributions of $398. There were seven new members. A donation of $3,000 was received this month in the form of a discount to the conference costs for Llew to attend the Satoshi roundtable Conference in Cancun, Mexico hosted by Bruce Fenton. Operating expenses for the period were $4,618. This was lower than the prior months because there was no travel expenditure … [Read More...]
India’s efforts to stifle crypto could be doomed to fail
Government’s stance seems at odds with policy to embrace tech that can digitise the economy [Read More...]
[Guest Post] Breaking Down Barriers with The Next Generation of DApps
by Jimmy Zhong, Co-Founder & CEO of IOST Ever since the introduction of Bitcoin, the very first Decentralized Application (DApp), we have seen multiple use cases arise in the last ten years, from crypto exchanges, data storage, to gaming and entertainment. While much has been said about the pote… The post [Guest Post] Breaking Down Barriers with The Next Generation of DApps appeared first on CoinReport. [Read More...]
Bitcoin Bickering Continues as Crypto Critics Duke it Out Online
One of the current negatives in the crypto industry is the tribalism and Bitcoin bickering between rival clans online. While healthy discussion on the pros and cons of virtual money should be encouraged, it often deteriorates into digital mudslinging which detracts from the real issues at hand. Schiff vs Pomp in Bitcoin Battle Goldbug Peter Schiff has been very vocal in recent days and has ramped up his anti Bitcoin rhetoric to the levels we would expect from the likes from permabear Nouriel Roubini. The underlying trend with those that do not believe in cryptocurrencies is that they are old school investors that prefer old school, tried and tested financial vehicles such as stocks and commodities. In the same way that the internet revolutionized the flow of … [Read More...]
Lightning security alert: upgrade your nodes please!
submitted by /u/RustyReddit [link] [comments] [Read More...]
Not Your Keys, Not Your Coins: How Arwen Wants to End Exchange Custodianship
The long list of cryptocurrency exchange hacks tells the story of one of the Bitcoin industry’s biggest problems to date: Custodial exchanges are a big target for attackers and a centralized point of failure for those that rely on them. Just this year, about $200 million worth of cryptocurrency became inaccessible when QuadrigaCX’s CEO passed away, while Binance last month revealed it lost 7,000 bitcoin when its servers were hacked, a loss valued at over $40 million at the time. Over the past decade, a staggering estimate of $1.4 billion worth of crypto has been stolen or about 8 percent of all bitcoin in circulation today. If it’s up to Boston-based startup Arwen, these types of events will soon be a thing of the past. Arwen, formerly known … [Read More...]
Wallet Giant Blockchain Raising $50 Million Crypto Fund: Report
Crypto wallet and data provider Blockchain is raising a VC fund to invest in industry startups and cryptocurrencies, according to a report. [Read More...]
Bitcoin News Summary – September 2, 2019
The post Bitcoin News Summary – September 2, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin. ????? The trial between the self-proclaimed creator of Bitcoin, Craig Wright, and the family of his former partner, Dave Kleiman, was concluded this week. The judge found that Wright lied in his testimony and falsified evidence. The judge further ordered Wright to transfer 410,000 bitcoins thought to be [Read More...]
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