On the Brink of…College? ‘Bitcoin Baby’ Receives BTC From Ad in The Times

A rather interesting listing has popped up in The Times of parents seeking to raise money for their newborn baby via Bitcoin donations.  ‘Bitcoin Baby’ Asks for College Donations Little Izabella Anna Bowles was born on January 6th, 2019. Her parents, however, have decided to waste absolutely no time in saving up for her college fund. Unlike … Continue reading On the Brink of…College? ‘Bitcoin Baby’ Receives BTC From Ad in The Times

XRP Overtakes Ethereum Despite Looming ‘Constantinople’ Upgrade

XRP has reclaimed the position of the second largest cryptocurrency by market cap from ETH just days before Ethereum’s ‘Constantinople’ hard-fork upgrade.  Pre-Fork Drop On January 16th, Ethereum is scheduled to undergo a network-wide system update called ‘Constantinople’. Among other things, the implementation of the upgrade will reduce the block reward from 3 ETH/block to 2 … Continue reading XRP Overtakes Ethereum Despite Looming ‘Constantinople’ Upgrade

Bakkt Expands Compliance Capabilities With Its First Acquisition

Fresh from completing its maiden funding round, Bakkt announced its first acquisition on Monday, Jan. 14, 2019. The daughter company of the Intercontinental Exchange (ICE) is also eyeing the possibility of expanding beyond the U.S. market. Bakkt Acquires RCG Back Office Bakkt announced the news of the acquisition via a Medium post by CEO, Kelly Loeffler. … Continue reading Bakkt Expands Compliance Capabilities With Its First Acquisition

Expect ‘Large increase’ in Cryptocurrency Taxes Filed for 2018, Says Bittax CEO

Bitcoinist spoke with Gidi Bar Zakay, CEO and founder of Bittax at the recently held Israel Bitcoin Summit in Tel-Aviv about cryptocurrency tax obligations for users and how the regulatory landscape is taking shape around the globe.  Bitcoinist: Why did you decide to launch Bittax? Are Bitcoin taxes too cumbersome to calculate for the average person?  … Continue reading Expect ‘Large increase’ in Cryptocurrency Taxes Filed for 2018, Says Bittax CEO

SEC Report: Examining Cryptocurrency a Priority in 2019

The Office of Compliance Inspections and Examinations (OCIE) of the United States Securities and Exchange Commission (SEC) listed the cryptocurrency market as one of the six focus points of its compliance monitoring activities for 2019. Spotlight on the Cryptocurrency Market According to a report titled “2019 Examination Priorities,” OCIE says it plans to shine the … Continue reading SEC Report: Examining Cryptocurrency a Priority in 2019

Lightning Network Without Invoices Brings Us Closer to Streaming Money

A new feature for Bitcoin’s Lightning Network (LN) implementation allows users to send funds instantly without needing to first create an invoice. Sphinx Enables ‘New Use Cases’ The latest upgrade, ‘Sphinx,’ which developers describe as being a “work in progress,” is nonetheless already available to anyone. “The coolest part about this new feature is that … Continue reading Lightning Network Without Invoices Brings Us Closer to Streaming Money

Quantum Threat

IBM has just come out with the world’s very first commercially available quantum computer known as the Q System One.  For those of you who aren’t familiar, quantum computers think a bit differently than the PCs and smartphones we have now and are much better at solving complex mathematical problems. The release of this new computer … Continue reading Quantum Threat

Mongolia Will See At Least 1000 New Bitcoin Miners In 2019

Participants in Mongolia’s Bitcoin mining industry plan to significantly expand the scope of their operations, local media report January 11. Japan’s Ginco Doubles Down On Mongolia The East Asian country, known for its cheap electricity and being home to the world’s northernmost desert, will see one of its miners almost treble in size this year … Continue reading Mongolia Will See At Least 1000 New Bitcoin Miners In 2019