Category: Cryptocurrency

New York’s BitLicense is famously known and reviled by many within the cryptocurrency community. The hurdles it places in the way of cryptocurrency businesses means that many firms are not able to operate in New York, and risk running afoul of New York authorities if they even accidentally take on New York residents as clients. […]

In a new report, the Federal Reserve warned that stablecoins could pose a threat to the stability of the global financial system. Unlike cryptocurrencies such as Bitcoin or Litecoin, which don’t have any asset backing, stablecoins are supposed to be backed by assets. In that way they act similarly to exchange-traded funds, only the stablecoin […]

We had reported earlier on Coinbase’s introduction of a VISA card in Europe that would allow consumers to use cryptocurrencies to purchase goods at point of sale. That initial experiment has become so successful that Coinbase is now expanding the number of cryptocurrencies that users can use, as well as the number of countries in […]

The meteoric rise in Bitcoin’s popularity translated to a significant increase in the popularity of all sorts of cryptocurrencies. From Litecoin to Ether to ICOs, cryptocurrencies have taken hold in the financial mainstream. But many investors and would-be digital currency users just couldn’t get over the idea of using an “unbacked” cryptocurrency like Bitcoin. That […]

According to reports, the People’s Bank of China is set to begin rolling out the digital yuan currency that has been widely anticipated for months. The new currency is set to begin testing in the city of Shenzhen. It is unclear at this point whether the new digital yuan is a true cryptocurrency or just […]

As useful as Bitcoin is, its use as a payment method runs into one serious problem: it needs electricity and an internet connection in order to function. If power goes out or the internet goes down, so does the ability to use Bitcoin as a payment. But thanks to tech-savvy Bitcoin users in Venezuela, great […]

Only two years ago Bitcoin futures trading was introduced for the first time, coinciding with a massive increase in interest in Bitcoin. The Bitcoin price pushed near $20,000 as investors, traders, and speculators piled into the market. While the price has come down since then, interest in Bitcoin remains, with more and more first-time Bitcoin […]

At one point the Chinese cryptocurrency market was one of the main drivers behind the popularity of Bitcoin and numerous other cryptocurrencies. Chinese exchanges dominated the Bitcoin world, while Chinese demand helped contribute to rising Bitcoin prices. But that all came to an end when China decided to ban cryptocurrency trading in early 2018. Not […]

The key to the more widespread acceptance of cryptocurrencies, just as with any currency, is the ability to use cryptocurrencies to pay taxes. Despite some initial efforts to start accepting cryptocurrency tax payments in Ohio, other states have yet to follow suit. And it will be quite a while before the IRS decides to start […]