Crypto-Based Commerce Spikes 65% in 7 Months

Commerce fueled by cryptocurrencies has once again started to grow. Data collected by blockchain forensics company Chainalysis shows a significant increase of volume in the first half of the year. The positive change coincided with the remarkable market recovery that followed last year’s prolonged crypto winter. Also read: Turkey Becomes the Latest Nation to Work on Digital Fiat $5.5 Million of Crypto Used in Commerce Daily After a string of depressing months in 2018, cryptocurrency-based commerce began to rise again in 2019, the study quoted by Bloomberg indicates. According to…

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How Crypto Winters of Bitcoin’s Past Compare to Today

Cryptocurrency and bitcoin proponents have been patiently waiting to see if crypto winter is returning as the recent price decline has shaken investors. Digital assets have been meandering aimlessly over the last week and in order to gain some perspective, it’s always good to study the last decade of previous bear market trends. Also read: China Removes Bitcoin Mining From Unwanted Industries List Crypto Prices Slide Again, Making Traders Question Whether Crypto Winter Is Really Over After BTC and other digital currencies touched all-time highs in 2017, the following months…

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Russia Prepares Law to Allow Cryptocurrency Confiscation

According to local reports, Russia’s Ministry of Internal Affairs and other law enforcement agencies are developing proposals to confiscate cryptocurrencies. These proposals could evolve into Russian laws as soon as 2021.  “Russia plans to develop a legal mechanism for the seizure of virtual assets for their confiscation,” according to a translated report from RBC. “The relevant proposals should be prepared by December 31, 2021 by the Ministry of Internal Affairs together with [federal financial monitoring branch] Rosfinmonitoring, the Prosecutor General’s Office, the Investigative Committee, the Justice Ministry … the Federal…

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Holders of the Digital Yuan Will Not Be Paid Interest

China has been sending mixed signals about its preparedness to issue a national crypto. Despite the new blockchain push, there is still no timeframe for the anticipated launch of the digital yuan and few details have been revealed so far. However, a senior official from China’s central bank pulled the curtain back slightly this week. Also read: Turkey Becomes the Latest Nation to Work on Digital Fiat China’s Semi-Blockchain Based Currency to Start a ‘Horse Race’ Beijing’s Digital Currency Electronic Payment (DCEP) project, which will be similar to Facebook’s Libra…

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Crypto Tax Guidelines Leave More Questions Than Answers

Cryptocurrency holders have long wrestled with their tax obligations. These fiduciary duties have been complicated by tax agencies, which are several steps behind technology and now playing crypto catch-up. Updated guidelines from the U.S. and U.K.’s tax agencies were finally released this year, but the initial relief felt by conscientious bitcoiners was to prove short-lived, for on closer examination, the documentation has left many crypto questions unanswered. Also read: Crypto-Friendly Silvergate Bank IPO Debuts on NYSE It’s 2019 and Tax Is Still Taxing The lack of uniformity regarding tax on…

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Video: Paul Puey on Edge Wallet and Bitcoin Privacy

After becoming involved in the Bitcoin space in 2013, Paul Puey founded a unique and innovative wallet called Airbitz. Even at the time, the focus was on encrypting data by default, backing up the private keys and simplifying the user experience. But after deciding to enter multiple partnerships in order to seamlessly integrate various exchange services directly into the user interface, the wallet was rebranded as Edge. “You would choose Edge as a way to buy bitcoin, and actually I think that’s its biggest value proposition,” said Puey. As opposed…

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Riot Games Owner Identity Theft: $5 Million Worth of Crypto Mined

Marc Merril, the game developer and founder of Riot Games, recently became a victim of identity theft. Merril’s identity was reportedly used by a man from Singapore who attempted to utilize Amazon Web Services and Google cloud computing power for mining cryptocurrencies. Yesterday, Forbes revealed that Merril was indeed the anonymous victim of the identity theft scheme. Marc Merill is most famous for being the developer behind one of the most popular games in the world – League of Legends. The criminal, Matthew Ho, started using Merill’s American Express credit…

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Activist Larken Rose Weighs In on Bitcoin, Anarchy, and the Importance of Permissionless Cash

Though his latest project with partner and fellow activist Amanda Rose, Candles in the Dark, is a program helping people escape authoritarian programming through non-confrontational dialogue, there’s nothing meek and mild about Larken Rose’s stance when it comes to government. News.Bitcoin.com recently connected with the outspoken anarchist via Skype to talk about Bitcoin, the IRS, and the importance of permissionless money. Also Read: Bitcoin and Voluntaryism – Where Libertarian Philosophy Meets Crypto Bumping Into Crypto News.Bitcoin.com (BC): How did you get into the crypto space? Larken Rose (LR): I only…

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