Bitcoin Center NYC Home of NYC's Bitcoin Community!
In an effort to ensure customers fully understand the history behind the food they are about to purchase, the Grass Roots Farmers’ Cooperative, formed by a number of small livestock farmers in Arkansas, are utilizing the Provenance supply chain which is powered by blockchain technology. Modern Farmer details how the adoption of distributed ledger technology can impact the food industry. …
Read More »The Latest Bitcoin News
October, 2018
-
9 October
Legal Bitcoin Trade Vastly Overshadows Illegal Use: DEA Agent
One of the most stigmatizing aspects of bitcoin has been its initial association with a poor illegal to legal use ratio. Many continue to attack the world’s first digital currency for this ratio as if it remains the same today. A Drug Enforcement Administration (DEA) special agent, however, who has been studying the area since the early days of bitcoin, …
Read More » -
8 October
Need Car Parts? NewParts Now Accepts Bitcoin and Other Cryptocurrency Payments
The online and international automotive supply retailer, NewParts, announced a partnership with Shopping Cart Elite which allows the company to offer cryptocurrencies as a payment option. In the company’s press release, the retailer states that it “…is opening its store to customers around the world” by accepting bitcoin (BTC), bitcoin cash (BTC), bitcoin diamond (BCD), bitcoin gold (BTG), dash (DASH), …
Read More » -
5 October
London-Based Pub Chain to Accept Bitcoin & Bitcoin Cash
A blog post by BrewDog, a pub chain in London, informs readers that their new Canary Wharf branch, opening Friday October 19th, will accept both Bitcoin (BTC) and Bitcoin Cash (BCH). This limited launch will allow the company to work out any kinks as they plan to “eventually roll out this way of paying into all of our UK BrewDog …
Read More » -
4 October
Blockchain for Aid
An article by the Tampa Bay Times outlines how blockchain, the underlying technology of cryptocurrencies such as bitcoin, has improved the efficiency of tracking and delivering aid; especially at the international level. The UN’s World Food Programme (WFP) has experimented with blockchain technology since 2017, managing the aid for over 100,000 Syrian refugee camps in Jordan. There are about 740,000 …
Read More » -
3 October
WSJ: Bots Manipulating Price of Cryptocurrencies
According to an article by the Wall Street Journal, the use of trading bots for illicit activities can be one of the main causes for volatility in the cryptos market. Bad actors will employ a number of market manipulation tactics such as flooding, then immediately canceling, call orders or executing simultaneous trades with oneself to create a mirage of activity. …
Read More » -
2 October
Online Fraud Expert Discusses Cyber-Security and Protecting Bitcoin
Speaking with CNBC, Google’s email security lead Mark Risher talks about securing your bitcoin from online hackers. Beyond adopting various technical options to better secure your accounts from attack, how much you reveal about yourself online could increase the chances of both being scammed and successfully so. Whether you are a minnow or a whale in the crypto-market, you can …
Read More »
September, 2018
-
28 September
SEC, CFTC Move Against Bitcoin Futures Firm 1Broker
Both the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have filed charges against 1pool Ltd., also known as 1Broker, and its Austria-based CEO for allegedly selling security swaps funded with bitcoin, violating federal security laws. In the press release issued by the SEC, it details that 1Broker “registered in the Republic of the Marshall Islands, …
Read More » -
27 September
Bitmain Mining Company Files for IPO in China
Chinese based Bitmain Technologies Ltd., which leads the world in producing cryptocurrency mining chips, is planning an initial public offering (IPO) in Hong Kong, according to a report by the Wall Street Journal. Information provided by their public filing indicates that $2.8 billion in revenue has been generated in the first half of 2018, a tenfold increase from just a …
Read More » -
26 September
Google Revises Cryptocurrency Advertising Policy to Allow Regulated Exchanges
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 » -
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 …
Read More » -
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 …
Read More » -
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 …
Read More » -
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 …
Read More » -
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 …
Read More »