Monthly Archives: November 2019

Thailand Introduces Blockchain-Based Tax Refunds for Oil Exporters

The Excise Department in Thailand plans to change its current tax refund practice by introducing a blockchain-based tax payback system for oil exporters. The Excise Department in Thailand is poised to introduce a new way of refunding overpaid taxes to oil exporters by using blockchain technology. On Nov. 25, director-general Patchara Anuntasilpa told the Bangkok Post that the Thailand Excise Department will change its current tax refund practice by introducing a blockchain-based tax payback system, which it hopes to implement by the middle of 2020. One of […]

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Op Ed: Bitcoin Is the Key to Ethical AI

The current development of Artificial Intelligence (AI) and Machine Learning (ML) is fundamentally flawed. Peter Thiel recently described crypto as libertarian and Reid Hoffman describes AI as authoritarian. This speaks to the concentration of power and control that has taken place in AI and ML. Cryptocurrency, as a technology, and Bitcoin in particular, empowers people to own their digital assets, the same way people can own real estate property and intellectual property. The data and information that is needed to fuel and power AI and ML is, […]

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Bitcoin Price: Strong Bounce at $6.5K Enough for a Bullish U-Turn?

Strong Bitcoin support at $6,500 resulted in a 13% gain today, pushing BTC back over $7K as key metrics point to a possible bullish reversal. Bitcoin (BTC) closed the week down at $6,900 having lost around $1,400 or 18.72%. Monday got off to a disastrous start for the bulls, with a selloff in the Asian market session, losing another 5.5% finding lows of $6,500 before the bulls responded with a 13% swing back over $7,300.  As has been witnessed recently, Bitcoin has continued to dictate the valuation […]

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Crypto Markets Showing Mild Signs of Recovery, BTC Stalls At $7,200

Cryptocurrency markets are showing signs of recovery with mild gains, while Bitcoin is looking to gain traction above the $7,100 price mark. Monday, Nov. 25 — Cryptocurrency markets are showing mild signs of recovery, while Bitcoin (BTC) is fighting to stay above the $7,100 price mark. Cryptocurrency market daily overview. Source: Coin360 Bitcoin started the day just above the $7,100 price mark, at which point the world’s largest crypto coin bounced off a local low of $6,560, before moving up again to its current trading price near $7,150. […]

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Privacy-Enhancing BCH Tool Cashfusion Begins Working Behind the Scenes

This week Bitcoin Cash (BCH) proponents have been celebrating the fact that 187,212 BCH ($40 million) has been shuffled since the Cashshuffle platform launched in the last week of March. Moreover, on Saturday, Electron Cash developer Jonald Fyookball announced the highly anticipated Cashfusion protocol has been working behind the scenes using alpha software. Also read: Developer Creates Interwallet Transfer Plugin to Strengthen Bitcoin Cash Privacy BCH Privacy Strengthens: Cashfusion Beta Coming Soon In July, news.Bitcoin.com reported on how the protocol extension meant to enhance the Cashshuffle mixing […]

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Do Bitcoin Companies Need a Code of Conduct?

Bitcoin is punk rock. It’s cypherpunk money — alternative money. Anarchism comes to mind. So, too, does the exhausted adage that Bitcoin — and crypto writ large — is a digital Wild West. That adage is largely true. After all, this is the same industry where one of the larger exchanges had a $850 million hole blown in its finances after its payment processor, a makeshift stand-in for a banking relationship, “lost” the money. And then there are the seemingly perennial exchange hacks, literal Ponzi schemes and […]

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Israeli Firm Behind DX.Exchange Goes Bankrupt Following Staff Petition

CX Technologies, the firm behind a supposedly Estonia-based cryptocurrency exchange DX.Exchange, is ceasing operations following a petition filed by its employees. The firm behind a purportedly Estonia-based cryptocurrency exchange DX.Exchange is ceasing operations following a petition filed by employees. CX Technologies, the Israeli company operating DX.Exchange, entered bankruptcy after 78 of its employees filed a petition against the company with an Israeli court, the Times of Israel reported on Nov. 24.  The petition specifically alleged that DX.Exchange’s website stated that the exchange had been owned by an […]

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Price Analysis 25/11: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX

The bears have been unable to capitalize on the breakdown of critical support levels and this suggests that the current dip could be a bear trap. The total crypto market capitalization has bounced from the $180 billion mark. We anticipate a strong support in the $168 billion to $183 billion range because the market cap had consolidated in this range in April of this year, before moving higher. So, on the way down, we expect this range to act as a strong support. Although Bitcoin (BTC) has […]

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Regulatory Roundup: China Rekindles Cleanup, US Widens Oversight, India Defers Decisions

News.Bitcoin.com has initiated a regular roundup of cryptocurrency regulatory developments around the world. For the first edition, we cover six U.S. regulators and India’s decisions on the supreme court hearing and crypto bill. We also cover China’s rekindled cleanup and Singapore’s derivatives trading proposal, along with the tax authority’s clarification of how GST applies to crypto transactions. Also read: Survey: 58% of German Banks Charge Negative Interest Rates China Rekindles 2017 Order On Nov. 22, the Shanghai Head Office of the People’s Bank of China (PBOC) issued […]

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Podcast: Catherine Coley on Launching and Operating Binance.US

In this episode, Dave Hollerith interviews Catherine Coley, CEO of Binance.US. Binance is the largest global cryptocurrency exchange in the world, but it has avoided competing in the U.S. until a few months ago with the launch of Coley’s subsidiary. To remain compliant with regulations, Binance.US exists as its own company. In October 2019, when Binance.US launched, Binance captured 60 percent of the legitimate cryptocurrency trading volume, its highest share of the global market since March 2019. In this interview, Coley explained how Binance.US came to be, […]

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