New Hampshire’s Second Bill to Accept Bitcoin as Tax Payment Fails

Lawmakers in the New Hampshire state legislature have killed a bill that would have allowed state agencies to accept cryptocurrencies as payment for taxes.  On Jan. 8, the New Hampshire House of Representatives announced a decision to retract the bill, following a motion from the General Court’s Executive Departments and Administration Committee to deem the initiative as “inexpedient to legislate.” Bitcoin’s volatility was too high for state budgets  According to public records, authorities considered the bill ineffective due to the Read more …

How Bitcoin Could Hit $70,000 By The End Of 2020

Bitcoin price prediction models vary greatly but one analyst that has been correct on numerous occasions has plotted a path to $70k BTC by the end of the year. Bitcoin Holding Gains There has been no pullback since crypto markets erupted a couple of days ago and bitcoin is holding its gains. For the past few hours BTC has been trading just below $8,700 but it started to move again topping $8,800 as it reaches resistance. BTC price 1 hour Read more …

Bitcoin Price Could Surge To $50,000 By Mid-2021: Here’s Why

Since Bitcoin (BTC) hit $20,000 for the first time in December 2017, analysts have been wondering when the cryptocurrency will break its next big price milestone next. The closest round-number milestone from $20,000 is arguably $40,000 or $50,000. Related Reading: Watch Out, This New Bitcoin Scam Is All Over Youtube While $50,000 is 450% higher than the current price of just shy of $9,000, a model backtested to be quite accurate in the volatile crypto market suggests that Bitcoin will hit Read more …

Libra Association Forms Steering Committee to Guide Technical Development

The Libra Association — the government body of the eponymous stablecoin introduced by Facebook in late 2019 — has formed a new committee to guide the network’s technical development.  According to an announcement on Jan. 16, the Libra Association has voted to establish the five-member Technical Steering Committee which comprises leading experts from various firms in the fintech and blockchain industries.  The members are: Calibra core product lead George Cabrera III, Anchorage co-founder Diogo Monica, Union Square Ventures partner Nick Read more …

CME Bitcoin Futures See Open Interest Surge as Global Volume Hits $25B

Bitcoin (BTC) derivatives trading looks set to reach record levels this month as volume spikes and open interest hovers near all-time highs. Data from CME Group shows that as of Jan. 16, open interest for its futures products alone totaled 5,328 contracts — or 26,640 BTC ($237 million). Open interest on track for record The figure is higher than any monthly close CME has seen since it debuted in December 2017, with July 2019 currently in the lead with 5,252 Read more …

Binance in Talks to Launch Crypto Trading Joint Venture in Japan

Crypto exchange Binance is eyeing the launch of a new trading platform dedicated for the Japanese market. According to a blog announcement on Thursday, the firm said it is discussing a strategic partnership with Z Corporation and existing Japan-based exchange TaoTao to work together to provide “trading services” in the country. Z Corporation is a wholly-owned subsidiary of Z Holdings Corporation, itself a subsidiary of Tokyo-based multinational Softbank (formerly Yahoo Japan). The three firms would harness Binance’s technologies in order Read more …

Altcoin Season? Crypto Assets Will Surge If They Break Past This Key Level

Since early-2018’s market crash, crypto investors have been waiting for altcoins, digital assets that are not Bitcoin (BTC), to surge higher. Unfortunately for these investors, this hasn’t happened yet, with Bitcoin’s dominance rallied from 33% to a high of 71% last year in 18 months’ time, surging on the deaths of altcoin projects. But, it appears that a new altcoin season, best known as an “altseason” within the cryptocurrency trading community, is right on the horizon. Related Reading: This Late Night Read more …

Crypto Exchange Bithumb Takes Korean Tax Authority to Court Over $69 Million ‘Groundless’ Tax

Advertisment Bithumb, a major crypto exchange in South Korea, has taken the country’s tax authority to court over a “groundless” tax imposed on the exchange. Experts explain that currently there are no grounds to tax crypto transactions in South Korea and existing tax laws do not apply to crypto transactions. Also read: Regulatory Roundup: EU-Wide Crypto Regulations, New Rules in Europe, US, Asia Bithumb Seeks to Nullify Tax Bill While South Korea currently has no law to tax crypto profits, Read more …

Crypto Exchange Bithumb Takes Korean Tax Authority to Court Over $69 Million ‘Groundless’ Tax

Bithumb, a major crypto exchange in South Korea, has taken the country’s tax authority to court over a “groundless” tax imposed on the exchange. Experts explain that currently there are no grounds to tax crypto transactions in South Korea and existing tax laws do not apply to crypto transactions. Also read: Regulatory Roundup: EU-Wide Crypto Regulations, New Rules in Europe, US, Asia Bithumb Seeks to Nullify Tax Bill While South Korea currently has no law to tax crypto profits, the Read more …

Blockchain Arbitration Firm Proof of Trust Plans London Stock Exchange Listing

A firm that’s developed tech to resolve disputes arising from blockchain smart contracts has said it plans to list on the London Stock Exchange. As reported Friday by Alliance News (via London South East), The Proof of Trust aims to float on the LSE’s Main Market. “We at The Proof of Trust are excited at the prospect of a full listing on the main market of the company’s shares and we look forward to providing investors with the opportunity to Read more …

The Future of Cryptocurrency in the Global Market

Advertisment Bitcoin started to penetrate the global industry from the mid of 2010. Though the initial journey for the cryptocurrency was not up to the satisfactory soon it started to shape the future of the traditional banking system. People are habituated with the traditional baking system and to transfer their own money, they have to pay heavy fees. Moreover, the traditional banking system always has a minor transparency issue. But in the cryptocurrency industry, you don’t have to deal with Read more …

How Ethereum Could Fuel a Trillion Dollar Finance Market

In terms of token price Ethereum is still buried under the weight of the bears but its potential to fuel a multi-trillion dollar finance market is much greater. Ethereum Money Protocol in Demand As a tradable asset Ethereum is still in the depths of a two-year bear market. Prices are back where they were in mid-2017 before cryptocurrencies really took off. Then came the ICO bubble and Ethereum demand went through the roof propelling ETH prices to giddy heights of Read more …