Cryptocurrencies

A cryptocurrency is a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.

Bitcoin became the first decentralized cryptocurrency in 2009. Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, as a blend of bitcoin alternative. The most popular altcoins now (August 2016) – Ethereum, Steem, Ripple, Ethereum Classic, Litecoin, Dash, Dogecoin.

Cryptocurrencies use decentralized control as opposed to centralized electronic money/centralized banking systems. The decentralized control is related to the use of bitcoin’s blockchain transaction database in the role of a distributed ledger.

Bitcoin Exchange Coinbase Ordered to Hand Over 2 Years of User Records to IRS
December 1st, 2016

The IRS suspects that some individuals could have hidden taxable income for the specified period.

1,000-Year-Old Royal Mint Partners with CME Group to Offer Gold Trading Based on Blockchain
November 30th, 2016

The market will be underpinned by up to $1bn in gold bars, or around two tonnes at current prices.

Ernst & Young Switzerland Becomes First Advisory Firm to Accept Bitcoins for Its Services
November 29th, 2016

EY Switzerland launches the first bitcoin ATM where customers will be able to exchange Swiss francs for bitcoins and vice versa.

Don’t Miss Deals As Bitcoin Black Friday 2016 Begins!
November 25th, 2016

Around 150 merchants are expected to take part in Bitcoin Black Friday 2016 offering a wide range of products from video games, diamond jewelry, cryptoart to new computers.

Online Wallet Provider iPayYou Enables Bitcoin Payment for Amazon
November 23rd, 2016

A new payment service called Amazon Direct allows Amazon users to pay for purchases in bitcoin.

Coinbase Promises to Fight the IRS in Court Over Data on All Active US Bitcoin Traders
November 21st, 2016

The Internal Revenue Services sent Coinbase a summons asking for information on all users basing on three isolated cases when people used bitcoin to evade taxes.

Bitcoin Micropayments Service ChangeTip is Shutting Down
November 20th, 2016

Bitcoin micropayments startup is closing its platform, a few months after its employees were acqui-hired by accommodations company Airbnb.

ViaBTC Now Offers Cloud Mining Contracts
November 18th, 2016

The offering of ViaBTC can strengthen the position of Bitcoin Unlimited against Bitcoin Core.

Bitcoin Price Leaps to $745 as Chinese Yuan Reaches Eight-Year Low
November 17th, 2016

Overnight, the Yuan dropped to the lowest point since December 2008, and experts predict further declines.

CME Group Launches Bitcoin Reference Rate and Bitcoin Real Time Index
November 15th, 2016

The initiative is expected to professionalize and legitimize bitcoin as a financial asset.

Bitcoin Investor Peter Thiel Said to Join Donald Trump’s Presidential Transition Team
November 14th, 2016

The billionaire investor who supported Donald Trump as a candidate for US presidency will have his ear on tech issues.

Bitcoin Price Rises as Donald Trump Becomes Next US President
November 9th, 2016

Bitcoin experts previously predicted that the victory of Donald Trump can result in bitcoin price boost.

Switzerland’s Federal Council Proposes ‘Green Light’ to FinTech Sector
November 2nd, 2016

On Wednesday, Swiss finance minister, Ueli Maurer, unveiled the government’s project to drive innovation in the country by easing regulation for fintech startups.