The price of Bitcoin has been plunging quite dramatically. Recent press releases suggested that while the overall Bitcoin investor community may be selling their positions, it is several Bitcoin "whales" that actually move the market and cause the volatility in Bitcoin's price. One huge whale that caught the attention of the community was an investor…
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Bitcoin lost more than 70% of its value on a year-on-year basis, when in December, 2017, it was trading for almost $20,000 per coin. The current price of the “people’s currency” is around $3,600. And while the price seems to be plunging even further, there are some notable events that caused the huge volatility. According…
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While the major focus of the cryptocurrency community and investors is focused on the falling price of Bitcoin, the “people’s currency” may be getting a major upgrade when it comes to its speed. One of the biggest limitations of the underlying technology of Bitcoin is the relatively slow speed of the protocol. One of the…
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Bitcoin subreddit page, /r/Bitcoin, has just reached one million subscribers, Coin Telegraph reported earlier this week. It has become one of bitcoin’s most important online communities since it was founded in September 2010, two years after the release of Satoshi's white paper. This significant milestone is welcome news for the bitcoin and wider crypto community…
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Bitcoin’s price is currently trading at $4,300, losing around 70% of its value from December, 2017. Analysts, bitcoin enthusiasts, and investors have frequently referred to Bitcoin as one of the biggest scams in history, comparing it to the Dutch Tulip fever in the 17thcentury, the World Financial Crisis of 2008, the UK Railway mania back…
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The price of Bitcoin may be falling down, but the applications of Bitcoin keep going up. The US State of Ohio has now ruled that Bitcoin will be accepted for 23 types of taxes. The State of Ohio has already established a special cryptocurrency payment portal and will start accepting the “people’s currency” any time…
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Bitcoin ATM network Coinsource deploys its machines throughout Upstate New York. Earlier this month, LeapRate has reported that the operator was granted a virtual currency license in the state of New York. Coinsource, which began the application process for a virtual currency license in the summer of 2015, had been operating in the state under…
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Bitcoin has certainly seen better days. The "people's currency" just tumbled 12% to below $5,000, currently trading at around $4,955. This is the lowest level that Bitcoin has hit in a year's time. Since the beginning of 2018, Bitcoin has lost more than 60% of its value, when in December 2017, it was trading for…
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The SEC has officially opened a new office to deal with fintech and cryptocurrencies. The interest for a Bitcoin ETF is rising, even though the SEC already rejected a few "offers" from investors such as VanEck. Now, the regulator has opened its doors for more discussion and proper understanding of digital coins. VanEck and the…
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Last week, the Israeli Blockchain Forum hosted a meetup with the Israeli Tax Authority (ITA). CPA Roland Am-Shalem, Senior Deputy Director General at the Authority, participated in the meetup. The deputy head of Israel’s tax bureau has announced that the government is prepared to accept alternatives to the first in, first out (FIFO) system for…
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