Posted Date: July 23, 2018
According to the head of Iran’s Blockchain Association, over 500 BTC belonging to Iranians were confiscated by the U.S. government last year, and the number is still rising. He explains that Iranians are unable to take action through proper channels from within their country due to Iran’s legal status of cryptocurrency. Also read: Yahoo! Japan Confirms […] The post Over 500 BTC Belonging to Iranians Seized by US Government: Report appeared first on Bitcoin News.

Posted Date: July 23, 2018
Employees in Costa Rica can receive part of their salary in cryptocurrency and that wouldn’t be against the law. Certain provisions in the national legislation allow companies to pay their workers not only with fiat money but also with goods, and some legal experts believe cryptos can fit in this category. Besides, Costa Rican laws […] The post Costa Rican Workers Can Be Legally Paid in Cryptocurrency appeared first on Bitcoin News.

Posted Date: July 22, 2018
Bitcoin and cryptocurrency mining has become a very competitive industry, and the amount of processing power hashing away to mine these digital assets is truly amazing. However over the years since the inception of GPU and ASIC mining, essentially when home mining turned into an industry, the cryptocurrency mining space has been riddled with fraudulent […] The post Some Crypto-Mining Operations Are Not What They Say They Are appeared first on Bitcoin News.

Posted Date: July 22, 2018
Coinbase, the San Francisco-based cryptocurrency exchange already valued as high as $8 billion by itself, had a couple more additional positive developments recently. The company reportedly landed a $20 billion prime client and got its ads reinstated on Facebook. Also Read: The Weekly: New Regulations, Blackrock Probes Market, Coinbase Gets Into Politics $20 Billion Hedge […] The post Coinbase Gets $20 Billion Prime Client, Ads Back on Facebook appeared first on Bitcoin News.

Posted Date: July 22, 2018
In this week’s daily editions of Bitcoin in Brief, we showcased stories about politicians trying to enforce their will on the cryptocurrency ecosystem around the world, thus pushing companies that are big enough to join the money-in-politics game. Also Read: Malta Stock Exchange to Develop Two New Platforms for Security Tokens Bitmain Expands R&D in […] The post The Weekly: New Regulations, Blackrock Probes Market, Coinbase Gets Into Politics appeared first on Bitcoin News.

Posted Date: July 22, 2018
A UK police department has sold 295 BTC which they say were legally seized from a drug dealer. The court ordered him to forfeit his crypto stored in a hardware wallet. The police reportedly get to keep 18.8% of the sale proceeds. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space British Police Seized BTC […] The post UK Police Top up Budget With Proceeds From Sale of Seized BTC appeared first on Bitcoin News.

Posted Date: July 22, 2018
A crypto teller machine exchanging a number of cryptocurrencies with fiat, including bitcoin (BTC) and bitcoin cash (BCH), will be operational next week in a Sofia mall. The BATM is a two-way device that will accept euro, dollar and Bulgarian lev deposits. It will also buy cryptos and print paper wallets.   Also read: Eastern […] The post New BATM Supporting BTC, BCH Launches in Sofia appeared first on Bitcoin News.

Posted Date: July 22, 2018
India’s central bank told the country’s supreme court on Friday that “allowing dealings in cryptocurrencies like bitcoin would encourage illegal transactions.” Other crypto petitions being heard include one asking the government to “take emergency steps to restrain the sale and purchase of illegal cryptocurrencies.” Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space RBI’s Argument […] The post Indian Central Bank Makes a Case Before Supreme Court Against Allowing Crypto Use appeared first on Bitcoin News.

Posted Date: July 22, 2018
Anyone unacquainted with the cryptocurrency market might assume, casually reading the price of bitcoin in their morning paper, that the past seven days have been good for investors. BTC is up 18% in a week and is now hovering around the $7,400 mark. By any reckoning, that’s good going. But bitcoin’s recent show of strength […] The post Altcoins Are Dying appeared first on Bitcoin News.

Posted Date: July 22, 2018
Mass, mainstream adoption of cryptocurrencies might take a route few original cadres of developers and enthusiasts imagined — major payment processing, plastic debit cards. They’re incredibly handy for those wishing to use crypto while merchant adoption works itself out. Here are five such cards to consider: Wirex, Bitpay, Cryptopay, Xapo, and Shift.   Also read: […] The post Bitcoin (Almost) Everywhere: 5 Crypto Debit Cards Worth Checking Out appeared first on Bitcoin News.