Bitcoin in Brief Saturday: Crypto Hiring and Blockchain Welfare, From Down Under

Instant crypto-denominated salaries and blockchain-based social security payments feature in Saturday’s Bitcoin in Brief. Reports about these promising developments in the labor market and the public sector come from Australia. Also, the Slovak tax authority intends to use blockchain technology for more efficient tax collection.   Also read: Bitcoin in Brief Friday: Luxury Jets, Cheap … Read more

Spending Bitcoin in Europe Is Getting Easier Thanks to Wirex and Paytomat

European cryptocurrency holders have reason to be cheerful. Slowly but surely it’s becoming easier to spend BTC, BCH, and a range of other cryptos throughout the continent, with payment services like Wirex and Paytomat leading the charge. It’s now possible to spend bitcoin in hundreds of restaurants and stores throughout Eastern Europe, as well as … Read more

Wendy McElroy: The Centralization of Crypto and the Banality of Evil

The Satoshi Revolution: A Revolution of Rising Expectations Section 3: Decentralization Chapter 8, Part 3 The Centralization of Crypto and the Banality of Evil First we must realize that all actions are performed by individuals… If we scrutinize the meaning of the various actions performed by individuals we must necessarily learn everything about the actions … Read more

331 High-Income Traders Declared Crypto Profits in Japan

The Japanese tax authority has for the first time revealed the number of high-income taxpayers who declared cryptocurrency profits in the year 2017. Out of the total number of taxpayers with miscellaneous income of 100 million yen or more, excluding public pension, 60% of them reported income from crypto transactions. Also read: Yahoo! Japan Confirms Entrance … Read more

New Report Sheds Light on Bitfinex’s Financial Dealings

A new report claims that cryptocurrency exchange Bitfinex found a new bank in Puerto Rico last year and relied on a Panamanian financial institution to provide liquidity for fiat currency transfers. The news partially opens the lid on Bitfinex’s financial dealings, which have historically been opaque.  Also read: So DOJ Is Investigating the Crypto Space – What … Read more

Is Russia Set to Adopt Crypto-hostile Laws?

The government of Russia has preliminarily adopted its first-ever crypto legislation, but major questions concerning specifics still remain. Overall, it is fair to say that the legislation doesn’t look crypto-friendly. Also see: Bitcoin Is Vulnerable to Verge-Style Time Warp Attacks Subscribe to the Bitsonline YouTube channel for more great interviews featuring industry insiders & experts Crypto Laws See … Read more

Via Hyperledger, AmEx to Test ‘Blockchain for Membership Rewards’

Financial services powerhouse American Express has turned to IBM’s Hyperledger blockchain platform to test a new blockchain-based membership rewards program. The initiative is only the latest mainstream project leveraging Hyperledger’s tech.  Also see: Art On The Blockchain (AOTB) Episode 16: Ethereal Summit NYC Subscribe to the Bitsonline YouTube channel for more great interviews featuring industry insiders & experts … Read more

Cryptocurrencies Are Tokens, Not Currencies, Says South African Central Bank

The Central Bank of South Africa, South African Reserve Bank (SARB) reportedly favors referring to cryptocurrencies as “cyber-tokens” instead of bracketing them as currencies, claiming they lack the proper attributes of money in the wider economy. Also see: India’s Leadership Mulling 18% GST Tax on Crypto Join the Bitsonline Telegram channel to get the latest Bitcoin, cryptocurrency, … Read more

The 2018 Pornhub Games Will Award VIT Crypto to Winners

After their recent team up with the Verge (XVG) cryptocurrency project, porn industry powerhouses Pornhub continue their embrace of crypto with their inaugural 2018 Pornhub Games competition. That’s per a casting call now making the rounds that signals top placers will win Vice Industry Tokens (VIT). Also see: Art On The Blockchain (AOTB) Episode 16: Ethereal … Read more