PayPal said it is working on integrating crypto capabilities in its platform It said the European Commission should establish clear rules and definitions to encourage companies PayPal is studying the use of blockchain to improve financial services Digital payments company PayPal has confirmed it is seeking to enter the cryptocurrency space. In a Read more…
Gold bug and notorious cryptocurrency critic Peter Schiff wonders whether the recent hack of verified profiles on Twitter is “a harbinger of Bitcoin itself being hacked.” In a July 16 tweet, Schiff mentioned yesterday’s mass hack of verified Twitter profiles which were used to promote a Bitcoin scam, further suggesting that it could Read more…
With Bitcoin’s current volatility at record low levels, altcoins have gotten the most gains in June 2020. According to Binance’s new monthly report, cryptocurrencies overall delivered mixed performance, but altcoins like LINK and ADA delivered good returns. Binance recently published its June Monthly Trading Report and revealed the top cryptocurrencies with the Read more…
Cryptocurrencies like bitcoin are treated as “property” per IRS rules (IRS Notice 2014-21). When you trade cryptocurrency for a profit, you end up having to pay taxes on the resulting capital gains. The capital gains (profit) is the difference between how much you paid for the cryptocurrency (the cost basis) Read more…
Chainlink (LINK) is not yet a top 10 cryptocurrency by market cap, but at this rate, it soon might. Chainlink today shot up by close to 20% in price and is currently trading for $5.80, eclipsing its previous all-time high of just under $5 that it hit in March of this year. Read more…
Authorities of Chinese city Bayan Nur issued a warning on Sunday after a reported case of bubonic plague. The city is located in the autonomous region Inner Mongolia – one of the world’s most attractive regions for Bitcoin miners. Germ Behind Bubonic Plague Killed a Third of Europe’s Population Bayan Read more…
Binance-backed booking platform Travala.com has partnered with online travel agency Expedia. The partnership will enable Travala customers to book with crypto at Expedia’s 700,000 hotels and accommodations. Travala’s AVA token has surged by 30% following the news. Travala.com, a Binance-backed booking platform that allows its customers to pay for hotels with cryptocurrencies, Read more…
When cryptocurrencies first appeared in 2009 with the release of Bitcoin, the ideals of this new generation of digital currencies were clear: empower individuals to manage their own finances without reliance on a centralized force. Despite these ideals, Binance has risen up to become the de facto emperor of the Read more…
After witnessing an abject failure of the legacy financial system, Satoshi Nakamoto created Bitcoin a little over 11 years ago. The OG crypto represents the very fast pass at changing the current broken system. Nonetheless, not everyone is a fan of the concept of financial utopia that bitcoin promises. For Read more…
The total amount and value of tokenized Bitcoin on the Ethereum blockchain has sharply increased since mid-May, with over $101 million worth of BTC now held in tokens such as Wrapped Bitcoin (WBTC), renBTC, HBTC, imBTC, sBTC and others. WBTC and similar tokens represent Bitcoin on the Ethereum blockchain. One tokenized BTC equals Read more…