Posts Tagged ‘bitcoin’
New Zealand Has Ruled Bitcoin Transaction as Legal and Subjective to Tax
Finally, New Zealand government has legalized the acceptance of bitcoin and, also, provided a guideline for its taxation. So, the New Zealand Inland Revenue made this decision known through its monthly bulletin of July by giving a summary of the part of the constitution backing these decision (S. 91D of the Tax Administration Act of…
Bitcoin Ranks As 11th As EOS Still Tops China’s Monthly Crypto Rankings
The latest ranking released by Forex, crunched on the 31st of July, shows that bitcoin is the 11th performing cryptocurrency. According to the Chinese CCID Research Institute, the ranking reportedly was based on their application, innovation, and technology. The CCID is a research institute designed by the ministry of industry and information in China to…
One of the most important features in crypto: how to avoid third-party commissions
Probably, the first thought, which runs in your head, is about necessity of crypto: you can pay by a credit card, so you don`t need something else. Of course, it`s a good choice for daily moves but there some situations when it`s not true. For example, you want to send a big sum very fast…
Bitcoin’s (BTC) Hash Rate Scales Up To Hit New All-Time-High Of 74.5 Million TH/s
July, 2019 marked a new precedent for Bitcoin mining when the Bitcoin hash rate reached an all time high. July 3rd marked this special occasion when that hash rate jumped to more than 65 TH/s (terra hashes a second), the current all-time high record. Why is this such a momentous record? There are a few…
Canadian Company plans to Upgrade Millions of ATMs to Sell Bitcoin
Coinsquare, the Canadian exchange start-up has procured a software which enables regular ATMs to sell cryptocurrency like bitcoin (BTC), as disclosed in a press statement on July 3rd. Coinsquare announced major investment in Just Cash, a US based fintech start-up which developed a software that enables users to buy cryptocurrencies directly via regular ATM machines…
Two Arrested in Israel After $1.5M Moved
One of the most prominent crypto cybercrimes lately took a dramatic turn on June 23, when two Israeli brothers were arrested regarding the 2016 Bitfinex hack and other crypto-related phishing attacks. Barely short of 120,000 Bitcoin (BTC) was stolen in the attack back in 2016, an amount initially worth $72 million, however, after Bitcoin’s meteoric…
Ecosystem vs Egosystem: Which is more important?
Introduction The world today is a dynamic place that keeps on changing and evolving. Humanity constantly adapts to changes, sometimes unwittingly to utilize new solutions tailored to the realities at hand. In other words, we live in a world of constant disruption and this shapes our world dramatically. These changes also mean that at any…