In a surprisingly upbeat discussion, multiple figures agreed that the potential for a single Bitcoin to be worth $250,000 is still more than possible. Bitcoin (BTC) gained fresh rare support from mainstream media on Dec. 20 after CNBC entertained the idea of a $250,000 in the coming years. In an episode of the network’s Fast…
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Cryptocurrency exchange Bitfinex now enables its users to purchase cryptocurrencies with both credit and debit cards. Hong Kong-headquartered cryptocurrency exchange Bitfinex now enables its users to purchase cryptocurrencies with both credit and debit cards. The exchange made the announcement on Dec. 20, saying: “Buy cryptocurrencies with your debit or credit cards on Bitfinex. Whether it’s…
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An alleged “The Dark Overlord” hacking collective member has been extradited from the U.K. to face charges in the United States. A United Kingdom national, and alleged member of “The Dark Overlord” hacking collective, has been extradited to the United States to face charges. According to an announcement from the U.S. Department of Justice on…
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U.S. Congressman introduces bill which aims to bring regulatory clarity to cryptocurrency industry. Paul Gosar, an Arizona Congressman, has introduced a draft bill, aimed at finally bringing regulatory clarity to the cryptocurrency industry in the United States, according to a Forbes article published on Dec. 19. The Crypto-Currency Act of 2020 sets out which Federal…
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Double-spending an average Bitcoin (BTC) transaction is not profitable and, though exchanges and merchants often require it, sending some sats may not in fact need six confirmations – according to calculations by two mathematicians. For an average transaction, only one or two confirmations (in theory, it would take c. 20 minutes) are needed to be…
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Eight U.S. Congressmembers appealed to the IRS, urging the agency to provide additional clarity concerning crypto tax laws. Eight members of the United States (U.S.) Congress sent a letter to the Internal Revenue Service (IRS) urging the agency to provide additional clarity on cryptocurrency tax laws. A letter dated Dec. 20, signed by eight U.S.…
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Bitcoin and a few altcoins appear to be strengthening and flashing some strong buying opportunities. Though most major cryptocurrencies have broken below their support levels during the most recent fall, Bitcoin, which is inarguably the leader, has held its ground. This is a positive sign as it shows that the stronger hands are not panicking.…
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Alleged $4 billion BTC launderer Alexander Vinnik to be extradited to France despite Russia’s multiple efforts to bring him to the country of his citizenship. Alexander Vinnik, the alleged former operator of now-defunct crypto exchange BTC-e, will be extradited to France, according to a new decision from Greece. Following years of disagreement on what jurisdiction…
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Japan’s biggest credit card issuer JCB partnered with California-based commercial payments platform Paystand for a new B2B product. Japan’s top credit card issuer JCB plans to adopt a new business-to-business (B2B) payment solution based on blockchain technology. JCB has signed a Memorandum of Understanding (MoU) with blockchain-based commercial payments platform Paystand to develop a digital…
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In the crypto world, t’is the season…for end-of-year predictions about what will happen to the world of Bitcoin, altcoins and blockchain in 2020. The teams at cryptocurrency venture fund Token Daily Capital and media outlet TechCrunch have been particularly busy – with experts and journalists galore chiming in with predictions galore on two monster year-end…
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