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Starting October 2018, regulated cryptocurrency exchanges within the United States and Japan will have the ability to advertise through Google, according to a policy update posted by the company. The post provides two instructions for advertisers leading up to the policy going into full effect: 1) Advertisers will need to be certified with Google for the specific country in which …
Read More »The Latest Bitcoin News
September, 2018
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25 September
Congressman to Introduce Three Bills Supporting Blockchain and Cryptocurrencies
According to a press release from the office of U.S. Congressman Tom Emmer (R-MN), who was recently named the co-chair of the Congressional Blockchain Caucus, the representative will introduce three bills supporting blockchain technology and digital currencies. “The United States should prioritize accelerating the development of blockchain technology and create an environment that enables the American private sector to lead …
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24 September
UNICEF France Now Accepts Donations in Bitcoin and Other Cryptocurrencies
The French branch of the United Nations Children’s Fund (UNICEF) announced that donation options have been expanded to include cryptocurrencies. The donation page lists options for sending bitcoin, ethereum (or ERC20 tokens), litecoin, ripple, bitcoin cash, dash, monero, eos, and stellar. As well, you can dedicate CPU towards mining bitcoin, ethereum, litecoin, bitcoin cash, dash, or monero and donating any …
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21 September
Lawmakers Urging IRS for Cryptos Guidance as Enforcement Expands
Members of the United States House Ways and Means Committee sent a letter to the Internal Revenue Service (IRS) requesting information regarding the status of any efforts by the agency to issue more broad guidance on tax obligations for those who hold or transact cryptocurrencies. To date, the six-page Notice 2014-21 issued in March of 2014, and classified as “preliminary …
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20 September
Bank of America Wire Fees Around “6000 Times” More Expensive than Bitcoin
Based on publicly available information involving wire transfers through Bank of America, the least expensive domestic wire will cost a $30 dollar fee and, at most, for international wires sent in U.S. dollars, the fee will cost $45. While there has been criticism of bitcoin’s fees, especially before the soft fork known as Segregated Witness which allowed for second-layer solutions …
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19 September
Is it Possible to Live in China While Only Using Bitcoin? One Woman Finds Out
Despite the Chinese government’s crackdown on digital currency trading and its ban on payment services that accept cryptocurrencies, the South China Morning Post details the work of a group who attempts to survive on bitcoin alone for 21 days. The group of cryptocurrency enthusiasts, called “Team 1234,” released a documentary called “Bitcoin Girl” on video streaming service iQiyi showing the …
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18 September
Zimbabwe’s New Finance Minister Calls for State Investment in Cryptocurrencies
According to local news outlet IWebAfrica, Zimbabwe’s newly elected finance minister, Mthuli Ncube, said he plans to push the nation’s central bank to establish a “cryptocurrency unit” to better their country’s economic position. The outlet quotes Ncube as stating, “Zimbabwe should be investing in understanding innovations and often central banks are too slow in investing in these technologies. But there …
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17 September
Overstock to Sell Bitcoin Directly on its Retail Site
Internet retail giant Overstock.com will support direct fiat to bitcoin purchases on its platform through the Bitsy digital wallet according to a press release issued by one of the retail company’s investment arms, Medici Ventures, who announced the beta launch. The beta launch will initially support bitcoin buys, however, the press release notes additional cryptocurrencies are soon to follow. The …
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14 September
Report: Morgan Stanley Plans to Offer Clients Bitcoin Swap Trading
Bloomberg, citing a person familiar with the matter, reports that Morgan Stanley is working to offer their clients “complex derivatives” trading tied to bitcoin as a way to enter the cryptocurrency market. “The U.S. bank will deal in contracts that give investors synthetic exposure to the performance of Bitcoin…Investors will be able to go long or short using the so-called …
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13 September
Canada Approves Bitcoin Mutual Trust Fund
Both the Ontario Securities Commission (OSC) and the British Columbia Securities Commission (BCSC) granted approval for First Block Capital, Inc. to operate as a mutual trust fund, according to a Business Wire press release. This means accredited investors can now deposit their funds into the company’s flagship product, the FBC Bitcoin Trust. The funds can be held in a Registered …
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12 September
Blockchain Association Becomes First Crypto-Lobby in D.C.
In their first blog post on September 11th, the Blockchain Association announced their DC-based non-profit association that “will serve as the unified voice of the blockchain ecosystem.” This lobbying group is the first to work exclusively in the interest of representing and promoting blockchain technology in Washington. There are a host of leading industry names who have attached themselves to this …
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11 September
YouGov/Omnibus: 48 Percent of Millennials Would be Interested in Using Cryptocurrency Primarily
According to a new YouGov/Omnibus survey, 48 percent of millennials would be interested in primarily using a cryptocurrency. Among Americans as a whole, 79 percent said they are familiar with at least one kind of cryptocurrency (bitcoin being the most popular at 71%) and 36 percent say they would be interested in primarily using cryptos. The survey was conducted August …
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10 September
Goldman Sachs Retreat From Trading Desk a Case of “Fake News”
Last week it was reported that Goldman Sachs decided to put a hold on its plans to open a cryptocurrency trading desk which would include bitcoin. Now, the bank’s chief financial officer, Martin Chavez, has called these claims “fake news.” The rumors originated from a Business Insider exclusive detailing a supposed pullback by the bank in their efforts towards establishing …
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7 September
Iranian Government Accepts Crypto-Mining as Legitimate Industry & Considers National Cryptocurrency
According to local Iranian new service IBENA, in the wake of economic sanctions recently imposed on the nation, the government has recognized cryptocurrency mining as legitimate and is seeking to launch its own national cryptocurrency. The report notes Abolhassan Firouzabadi, the Secretary of Iran’s Supreme Council of Cyberspace, “stressed that cryptocurrencies mining like bitcoin has been accepted as an industry …
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6 September
CoinGate Merchants Can Now Transact on the Lightning Network
The startup cryptocurrency payment gateway CoinGate now offers support for its merchants to transact through the Lightning Network. The over 4000 merchants who utilize the payment service offered by CoinGate can conduct instant low-fee micropayments by opening channels on the Lightning Network. Back in July of this year, Coingate conducted a trial run of the network involving over 100 of …
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