Tax Rules Hit Brazilian Crypto Exchanges, Forcing Trading Platforms Acesso Bitcoin and Latoex Out of Business

Tax regulations implemented even before dedicated legislation has been adopted have hit Brazilian cryptocurrency exchanges. Digital asset brokers failing to comply with the new reporting requirements face fines and the stricter rules are hurting smaller platforms, which are shutting down due to dwindling trading volumes. Also read: Tax Agents ‘Confiscate’ Bitcoin From Criminal but Keep the Coins in His Wallet Exchanges Struggle With Compliance Costs and Diminishing Returns One of the affected exchanges, Acesso Bitcoin, points to the current situation created by the new regulations as the main reason for…

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Craig Wright’s $100B Theft Claim – BTC and BCH Used His Database Without Permission

The infamous Craig Wright, the Australian native who claims to be Satoshi Nakamoto, has published a blog post that explains he owns “the full rights to the Bitcoin registry” and developers do not have the right to change the protocol’s underlying database. Wright’s recent blog post makes it seem like “legal redress” is coming to a few specific blockchain projects in 2020. Moreover, a photograph from a Slack channel shows Wright claiming that BTC and BCH broke contractual rights and they “are in effect, a theft of $100 billion plus…

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IOTA Network Still Down: How the Next Bitcoin Killer Screeched to a Halt

On February 13, the IOTA network came to a screeching halt and the IOTA Foundation reports that $1.6 million worth of the native currency was stolen. The following day, the IOTA network status page still shows the mainnet is “not operational” and the development team has found an “exploit related to the Trinity Wallet.” Also Read: IOTA, EOS, XLM, ADA – 4 ‘Bitcoin Contenders’ With Zero Use Cases and Barely Any Infrastructure IOTA Trinity Wallet Compromised for $1.6M The IOTA network is a hot topic within the cryptocurrency community right…

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BCH Latam: Creating a Viral Feedback Loop for Mass Adoption With Bitcoin Cash

This week news.Bitcoin.com spoke with George Donnelly from the BCH Latam initiative about his plan to help the people of Latin America “achieve greater individual liberty and prosperity.” Donnelly explained the BCH Latam initiative aims to generate greater financial inclusion through mass adoption systems and the organization’s gamified adoption app will help with this goal. Also Read: 3 Cents per kWh – Central Asia’s Cheap Electricity Entices Chinese Bitcoin Miners From Dash to Bitcoin Cash: George Donnelly Discusses the BCH Latam Initiative George Donnelly is a libertarian entrepreneur who recently…

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Pirate Chain Coin Now Available for Trading on Bitcoin.com Exchange, Joins New Alliance

Pirate Chain (ARRR) is a privacy-focused cryptocurrency with non-optional, private-only addresses and transactions. This coin has is now available for trading to users of Bitcoin.com Exchange, soon after the team behind it joined the Blockchain Privacy, Security & Adoption Alliance. Also Read: Users of Bitcoin.com Exchange Can Win Rewards Worth $25,000 in Gocrypto Trading Competition ARRR Now Available for Trading on Bitcoin.com Exchange Bitcoin.com Exchange has added support for trading Pirate Chain (ARRR), a privacy-focused cryptocurrency with non-optional, private-only addresses and transactions that are shielded by ZK-Snarks technology. The developers…

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US Department of Justice Is Criminalizing Onchain Privacy, Starting With Mixers

The American government’s long-running war on privacy escalated this week following the arrest of Coin Ninja’s Larry Harmon on money laundering charges. A Department of Justice statement that “seeking to obscure virtual currency transactions in this way [using mixers] is a crime” means that bitcoiners risk prosecution simply for exercising their right to privacy. Also read: Treasury Secretary Mnuchin Gives Testimony on Cryptocurrency, New Regulations Rolling Out Soon First They Came for Larry Harmon The cryptosphere was rocked on Thursday by the news that Coin Ninja and Dropbit CEO Larry…

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Digital Remittances Reach Record of $96 Billion YoY, High Fees Open Door for Cryptocurrencies

In a globalized world where labor follows capital, the remittance industry has been growing constantly in both volume and users. Traditional providers like banks and money transfer companies have been charging high fees for their services which creates opportunities for alternative digital platforms and decentralized cryptocurrencies. Also read: Russians Can Use Qiwi, Sberbank, Yandex Money and Now Binance P2P Exchange to Buy Bitcoin With Rubles Digital Remittance Volume Projected to Touch $143 Billion by 2023 According to numbers gathered by market data provider Statista, the total transaction value of digital…

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Bitcoin and Doomsday Preppers — Would Crypto Have Any Survival Value If SHTF?

As so-called “doomsday prepping” grows in popularity thanks to news of coronavirus lockdown in Chinese cities, red flag gun laws and rampant Fed stimulus in the U.S., preparedness enthusiasts are asking about the viability of bitcoin in a SHTF situation. From cautious, light investor, to vehement denigrator of the “NSA-created surveillance money,” there is no shortage of opinion. Still, as there are various possible scenarios, a one-size-fits-all proclamation doesn’t seem to work. Turns out, when it comes to money, what has survival value is ultimately a community affair. Also Read:…

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Digital Remittances Reach Record High of $96 Billion, Fees Charged by Traditional Providers Open Door for Cryptocurrencies

In a globalized world where labor follows capital, the remittance industry has been growing constantly in both volume and users. Traditional providers like banks and money transfer companies have been charging high fees for their services which creates opportunities for alternative digital platforms and decentralized cryptocurrencies. Also read: Russians Can Use Qiwi, Sberbank, Yandex Money and Now Binance P2P Exchange to Buy Bitcoin With Rubles Digital Remittance Volume Projected to Touch $143 Billion by 2023 According to numbers gathered by market data provider Statista, the total transaction value of digital…

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$10K Bitcoin Prompts Influencers to Call a Bull Market

Cryptocurrencies have gained significant value over the last few weeks and it’s causing exuberance among digital currency proponents. Now a number of traders and influencers believe bitcoin and other coins are in bullish territory. Despite the surge to $13K last July and the deep pullback that followed, BTC investors and influencers have no issue believing that crypto is on the threshold of another bull market. Also read: XRP Still Third Largest Crypto by Market Cap After Founder Dumps 1 Billion Coins ‘Calling the Bull’ Is a Bold Move, But a…

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