Bitcoin Mining in Africa: What Can Be Done to Encourage Mining?

The next bitcoin gold rush will be in Africa. Solar and wind energy can promote sustainable bitcoin mining in Africa. These statements ooze of optimism. However, optimism is often only on paper. In the real world, Africa is far from being a bitcoin mining hub. Strict regulations, costly electricity prices and the high cost of ...

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Japanese Tax Authorities Push for New Crypto Regulations

Crypto-related businesses and individuals have failed to report crypto gains valued at 10 billion yen ($93 million), according to Japanese Tax Authorities. Asahi Shimbun reported that 30 companies and 50 individuals are being investigated for failure to account for astonishing profits made from cryptocurrency trading over a period of several years. This figure is linked to the sharp rise in ...

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OKCoin Launches Malta Office, Begins European Expansion

Digital asset trading platform OKCoin is making moves to expand into the European blockchain space, including the opening of a new office in the island nation of Malta. In addition to this new branch office in Malta, OKCoin is also allowing all non-U.S. users to deposit and withdraw euros. Users worldwide can conduct euro spot trading for bitcoin and several ...

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California Society of CPAs Pushes for Accounting Clarity for Cryptocurrencies

The California Society of Certified Public Accountants (CalCPA) is pushing for accounting clarity and disclosure rules regarding bitcoin and other cryptocurrencies. The lack of specific rules in the U.S. Generally Accepted Accounting Principles (GAAP) led to confusion and demands for clarity among the CalCPA group. The 54 member community is mainly concerned about the different reporting methods used because companies ...

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Paxful and AirTM Partner to Increase Bitcoin Adoption in America

Paxful, the peer-to-peer Bitcoin marketplace, is partnering with AirTM, the peer-to-peer exchange platform and e-wallet ( “daily digital purse”), to spearhead and promote Bitcoin mass adoption in Latin America. With this strategic partnership, users will be able to buy and sell bitcoin from their Paxful accounts using AirTM as a payment method (similar to PayPal) with access to a variety ...

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Bitcoin Price Analysis: Violated Parabola Could Have BTC Testing $6,700s

Summary: Bitcoin’s daily, parabolic curve was violated earlier this week and broke through several macro levels on high volume and high spread.Last week’s candle closed a pretty large reversal candle called a “doji” and presented a stalemate between bitcoin bulls and bitcoin bears.The intraday volatility is quite aggressive and we are currently positioned between two strong, weekly levels. We have ...

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Hodl Hodl Enables Mainnet Trading via Lightning Network

Hodl Hodl, a decentralized peer-to-peer crypto exchange, is allowing users to buy, sell and receive bitcoin directly from their Lightning wallets. Hodl Hodl announced the functionality on June 5, 2019. As this is a mainnet launch, users are now able to simply change their exchange mode to “Lightning” and Hodl Hodl will hold onto payment assets between buyers and sellers ...

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Bitcoin Symbol to Be Introduced to Apple and Microsoft Platforms

Apple and Microsoft have announced a Bitcoin symbol to be included in their upcoming software updates. These new updates will allow developers and users easy access to the Bitcoin symbol. Apple made several new announcements at WWDC 2019 and recently introduced its SF symbols app, which provides developers that build on the Apple platform a set of symbols to use. ...

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Dutch Exchange Files for Bankruptcy After Failed STO

Blockport, an Amsterdam-based currency exchange, has filed for bankruptcy after its Security Token Offering (STO) failed to meet expectations. According to a blog post published in April 2019, the co-founder and chief product officer Sebastiaan Lichter said the company failed to reach its soft cap of €1 million ($1.13 million) for its STO. Recently found bankruptcy records indicate the company ...

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Samourai Wallet Secures First Investment of $100,000

Samourai Wallet, a privacy-enhanced bitcoin wallet app, just received its first round of venture funding. Katana Cryptographic, the company that maintains the Samourai Wallet, received a $100,000 investment from Cypherpunk Holdings with the purpose of developing new features to enhance privacy, specifically in regards to deterring Bitcoin surveillance. Samourai Wallet is exclusive to Android users, and the new funding will ...

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