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Posts published in “Bitcoin Businesses”

Goldman Sachs-backed Circle Buys Poloniex Cryptocurrency Exchange for $400M

Circle, the nationally cryptocurrency-focused payment services startup, has reportedly bought exchange Poloniex for $400 million. Job Done Between Circle And Polo According to Fortune editor Robert Hackett who leaked the news in advance, an official statement will follow Monday. The takeover means a cryptocurrency exchange is now under direct ownership of a Goldman Sachs funded company. Hackett wrote on Twitter earlier this morning: Rumors have swirled in recent weeks that Circle has been in talks

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The New Normal: Cryptocurrency Goes Mainstream This Tax Season

Until quite recently, most cryptocurrency investors either did not know or did not care to pay taxes on the capital gains they accumulated buying and selling digital coins. The cryptocurrency community is now facing a hard truth: they have to pay taxes just like all the rest of us. [Editor’s note: This is a guest article by Mario Costanz, CEO of Happy Tax] Virtual currencies exploded onto the investment scene last year, due in large

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Wyoming Welcomes Bitcoin Industry with Blockchain-Friendly Bills

While governments worldwide drag their feet and argue over cryptocurrency legislation, various states in the US are vying to become the blockchain capitol of the country. Arizona aims to allow state taxpayers the ability to pay their fair share with Bitcoin, while Tennessee looks to officially legitimize cryptocurrency purchases by making them legal on paper. Now, Wyoming is throwing its hat into the ring, with four blockchain boosting pieces of legislation up for consideration. Blockchain

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The Other Way to Get Rich with Bitcoin

Looking for a job? Better yet, looking for a job that could actually make you rich in the future? Well, Bitcoin just became the fastest growing skill for freelancers in the world.   Bitcoin Skills? Did everybody else arrive at the bitcoin party that much earlier than you? Does your trading strategy feel like a scientific proof of Murphy’s law? Perhaps you still haven’t bought your first Lambo? Well don’t worry, I have a tip for

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New App Links Coinbase With Lightning Network as Frustration Continues

A new Blockchain app seeking to introduce Lightning Network compatibility for Coinbase users has debuted its alpha demo. Could Coinbase Users Get Lightning? Lightning Ramp acts as a middleman service, allowing users of major exchanges to benefit from Lightning Network improvements in transaction fees and faster processing times. As Lightning gains huge mainnet traction among the Bitcoin community, currently operating almost 2000 channels, demand from users for better transaction experiences on Coinbase in particular also

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Alliance Shift? ShapeShift Apologizes After ‘Bitcoin Core’ Blunder

Instant cryptocurrency conversion platform ShapeShift was forced to apologize Tuesday after it referred to Bitcoin as “Bitcoin Core.” Voorhees: ‘It Was A Mistake’ The mislabelling, which repeated across ShapeShift’s social media suite, came as it announced a partnership with Roger Ver’s Bitcoin.com to enable the resource’s wallet users to switch between Bitcoin (BTC) and Bitcoin Cash (BCH). The rivalry between Bitcoin and Bitcoin Cash proponents has continued in 2018, with the latter, in particular Bitcoin.com

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South Korea ‘Positively Considering’ Cryptocurrency Exchange Licenses

South Korea is now considering a licensing scheme for cryptocurrency exchanges in a major U-turn on its previous suggestion to ban them. Govt. To Debate ‘Exchange Approval System’ As local news media outlet Business Korea reports Monday, lawmakers from a dedicated “cryptocurrency task force” are examining the option of following in the footsteps of New York and Japan in vetting exchange operators before allowing them market entry. The New York scheme is several years old

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Hodl Hodl Launches P2P Bitcoin Exchange Without KYC (But Not For US Citizens)

Well-known cryptocurrency traders have reacted with excitement to news decentralized cryptocurrency exchange Hodl Hodl has launched its public BETA. Hodl Hodl Sets Price Of Avoiding KYC At 0.6% The p2p platform, which offers traders decentralized exchange functionality for Bitcoin and Litecoin, announced its limited debut February 11. “For now, we are opened in BETA-mode until July of 2018, which means a lot of new features are coming soon, with the main functionality of the exchange

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Bread Launches Instant Bitcoin Purchases via Credit Card

Those looking to buy the dip and take advantage of what is essentially a 60%-off Bitcoin sale can now conveniently purchase the dominant cryptocurrency with credit cards via Bread. The Best Thing Since Sliced Bread Bread, a clean and user-friendly Bitcoin wallet available on both iOS and Android, announced this week: Starting this week, Bread customers around the world will have the ability to use a credit card to purchase bitcoin and have it deposited directly

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Bitcoin Miners Cutting Costs by Going Green

Mining Bitcoin and other cryptocurrencies is a costly endeavor, burning through resources and racking up sky high electricity bills. Savvy miners, however, are both cutting Bitcoin mining costs and reducing their carbon footprint by going green. Powered by Nature As cryptocurrency miners seek more computing power to handle increasingly difficult computations, many are turning to renewable energy to help reduce the environmental and economic costs associated with the business. According to reports, big-time miners like

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