Law

Bitcoin is still relatively young, so governments are playing catch-up when it comes to defining laws that regulated digital currencies. Our bitcoin law news gives you the most important updates to this global phenomenon.

Australia Tax Bitcoin

Australian Removes Cryptocurrency Tax, Causing Market Boom

Bitcoin enthusiasts are rejoicing regulations that move to set Australia at the top-tier of cryptocurrency encouraging countries. The laws going into effect prevent double taxation on the transfer of Bitcoin and other cryptocurrencies. Upon announcement of the new regulations going into effect, SeekingAlpha reported that “Bitcoin surged even further on the news, up another 15% …

Australian Removes Cryptocurrency Tax, Causing Market Boom Read More »

Why the SEC Bitcoin ETF Disapproval Isn’t the End of Bitcoin

SEC Rules against Winklevoss Twins Bitcoin ETF The digital currency community hotly anticipated a ruling from the Security Exchange Commission on the Bitcoin ETF. For a seeming majority, it wasn’t the news that investors were hoping for. The agency cited concerns over fraudulent and manipulative pricing as some of the reasons for the rejection. Specifically citing that …

Why the SEC Bitcoin ETF Disapproval Isn’t the End of Bitcoin Read More »

best nigerian bitcoin exchange

Best Nigerian Bitcoin Exchanges

Nigerian Bitcoin Exchanges As mentioned in our previous article, Bitcoin demand is growing in Nigeria. During economic uncertainty, people are looking outside of local Nigerian bonds and currency to store value, and Bitcoin searches have tripled in Nigeria. These are the most popular and reputable, Nigerian Bitcoin Exchanges. Nigeria is a market with over 177 million …

Best Nigerian Bitcoin Exchanges Read More »

Bitcoin price 2017 record

Bitcoin Set to Have Best Year in 2017

Will 2017 Be Bitcoin’s Best Year? Bitcoin is going to go up, not only to our own surprise, but to everyone’s. We say this because we have faith in Bitcoin, but the tremendous gains are evident of something greater happening. As the public becomes more informed of Bitcoin, people are purchasing more of it. It …

Bitcoin Set to Have Best Year in 2017 Read More »

Swiss Bitcoin ATM

Swiss Creates Giant Bitcoin ATM Network

Largest Swiss Railway Convert 1000+ ticket machines into Bitcoin ATMs Swiss national railway company SBB is rolling out machines that facilitate Bitcoin purchases. This is aimed to be part of a two year initiate in Switzerland to test the market’s appetite for mechanisms that utilize Bitcoins for transactions.While bitcoins can be purchased, they won’t be …

Swiss Creates Giant Bitcoin ATM Network Read More »

IRS Coinbase Request

IRS Wants Information on CoinBase Users

IRS Requests Data on Coinbase Users In an ongoing IRS’s effort to fight tax evasion the Internal Revenue Service working with a federal court has forced Coinbase, a major bitcoin wallet service company to hand over personal information of their users. They’ve targeted those who have made transactions between the year 2013 to 2015. Another …

IRS Wants Information on CoinBase Users Read More »

Bitcoin Price India

Bitcoin Price Skyrockets in India

Bitcoin Price Tops $985 on Indian Exchanges Ban of High Denomination Notes Indian Prime Minister, Narendra Modi, has announced that 500 Rupee (~$7.28 USD) and 1000 Ruppe (~$14.56 USD) banknotes will be discontinued. This act is part of a set of initiatives known as the Pradhan Mantri Jan Dhan Yojana (PMJDY), or financial inclusion act. The New York Times …

Bitcoin Price Skyrockets in India Read More »

Donald Trump Bitcoin Peter Thiel

Will Donald Trump Encourage Bitcoin with Peter Thiel?

Bitcoin Proponent Peter Thiel Appointed to Presidential Transition Team by Trump Donald J. Trump shocked the world as he assumed the role of leader of the free world in last Tuesday’s election. This happens amongst growing unrest about government abuse, primarily that Donald Trump will be President of the USA. Heightened levels of scrutiny have been put …

Will Donald Trump Encourage Bitcoin with Peter Thiel? Read More »

Bitcoin price Yuan related

How does the Yuan correlate to the Bitcoin Price?

Does the Price of Yuan and Bitcoin Inversely Correlate? 2016 has seen a massive surge in the price of Bitcoin. At this point last year, 1 Bitcoin was trading for $310, today it’s $680. What has really changed in the public’s mind about Bitcoin? Many are arguing that Chinese buyers are stocking up on Bitcoin …

How does the Yuan correlate to the Bitcoin Price? Read More »

Federal Judge Rules Bitcoin is Money

Major Ruling By Federal Judge Bitcoin is Real Money Bitcoin is a form of currency with intrinsic value pegged to traditional currency. Governmental and legal entities globally have not come to a consensus how to categorize Bitcoin. In a landmark decision U.S. District Judge Alison Nathan in Manhattan ruled Bitcoin was to be treated as money. This was for on the hacking attack against J.P. Morgan Chase …

Federal Judge Rules Bitcoin is Money Read More »