A new filing in the Internal Revenue Service (IRS) case against the Coinbase cryptocurrency exchange has emerged. The filing indicates the U.S. Northern District Court of California has granted a motion on behalf of a fourth anonymous customer to challenge an IRS request for records.
The European Union has released a report indicating that terrorists are not using bitcoin for money laundering and other financing.
Criminals prefer to deal in cash, the report concludes. Many banks, exchanges and cryptocurrency companies have extensive know-your-customer and anti-money laundering rules that tend to illuminate individual transactions,
The Japan Cryptocurrency Business Association (JCBA) said 13 bitcoin exchanges that are members of the association will stop accepting deposits and withdrawals on August 1. The move comes to curb anticipated volatility during the SegWit2x activations.
“The occurrence of forking affects the transmission and receipt of bitcoins by all bitcoin users,
ArabianChain, developer of the Middle East’s first public blockchain, has raised AED 3 million ($817,000 USD) in its latest funding round. The funds came from Arabian Bugshan board member and House of Invention Intl vice president Ahmad Abdullah Bugshan.
Founded in UAE and with operations in Saudi Arabia and Kuwait,
The bitcoin resurgence continued today, bolstered by news that 43 percent of miners have already activated the SegWit2x block enhancements.
The renewed single-coin price momentum saw bitcoin sitting at the $2,300 level at mid-day, up nearly 10 percent from Monday and a steep climb from the $1,700 bottom-feeder level of the weekend.
In a series of Tweets, eccentric software security entrepreneur John McAfee has indicated bitcoin’s single-coin price will hit $500,000 in three years. If it does not, he promised to perform a vulgar act of self-abasement on national television.
McAfee later hedged that he was talking about the forked version of bitcoin that may emerge if the upcoming SegWit2x block updates result in a split into two camps.
The initial coin offering (ICO) for CoinDash has been terminated because of a hack on the address used to transmit funds.
CoinDash is a cryptocurrency-based social-trading platform, providing tools and services that make interacting, handling and trading accessible.
Bitcoin mining pools are already activating SegWit2x, a show of support for the scaling proposal in advance of the official Aug. 1 changeover.
Most miners were not expected to start signaling for SegWit2x until July 21. However, the official release of the software over the weekend saw such large entities as BitClub,
The Bank of Albania, the country’s central bank, has published a public notice warning citizens of the risks related to the use of digital currencies such as bitcoin.
The warning comes following concern that some unlicensed operators are luring Albanians to invest in bitcoin.