Latest Bitcoin publications

U.S. financial regulators see Bitcoin as threat to market stability

The Financial Stability Oversight Council (FSOC), a group of powerful U.S. regulators, has warned that Bitcoin and blockchain technologies could present a threat to financial stability and has advised that market structures should adapt in preparation for a reduced importance of conventional, centralised banking. The FSOC includes representatives from the Federal Reserve, the Securities and Exchange… Read More

Front National seeks French ban on Bitcoin

The French right-wing party Front National (FN) has said that it would ban the use of virtual currencies, including Bitcoin, should it get into power. In a public notice [French] released on the 26th May, the political party argued that only one single currency should legally be in circulation in any country at a given time… Read More

$2 million lost in bitcoin cryptocurrency hack

Last week Gatecoin, a digital currency exchange company based in Hong Kong, suffered a security breach that resulted in the loss of 250 bitcoin and 185,000 etherium. This loss is the equivalent of $2 million, or 15% of the total assets held by Gatecoin. In the official statement posted on their website, Gatecoin stated that… Read More

Australia promises to remove tax on Bitcoin, support FinTech innovation

The Australian government announced today that Bitcoin and other digital currencies would no longer be subject to Goods and Services Tax (GST), and regulations would become more lenient to support startups and entrepreneurs in the country. Treasurer Scott Morrison noted in a detailed policy statement today that various new law proposals would see GST removed… Read More

Venezuelan government lambasts Bitcoin as currency of criminals

As digital currency gains popularity in Latin America, Venezuela is one of the latest countries where ordinary consumers and businesses are turning to Bitcoin in the face of political instability and economic collapse. Sinking under 98.3% inflation and economic ruin, the country’s minimum wage even places citizens under the poverty line. High unemployment figures and… Read More

Do NOT follow this link or you will be banned from the site!