Thursday, March 21Your Daily Bitcoin & Altcoin News Portal

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Coinbase Reveals ‘Overhauled’ Changes and Tax Tools – Bitcoin News

Coinbase Reveals ‘Overhauled’ Changes and Tax Tools – Bitcoin News

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Please share if you find this article interesting. Coinbase Reveals 'Overhauled' Changes and Tax Tools - Bitcoin News News This week the popular cryptocurrency service Coinbase revealed a slew of announcements concerning certain aspects of the business. The exchange details its Segregated Witness (Segwit) rollout, plans to disable Paypal, new tax tools, and the hiring of 500 customer support agents. Also Read: Israeli Supreme Court Forbids Bank From Denying Service to Bitcoin Exchange Segwit and Taxes Coinbase representatives Tina Bhatnagar and Zach Abrams revealed some business changes that are being applied to the San Francisco based company this year. Abrams first details the company’s support for Segwit will be complete this week. According to the product manager, Segwit
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Germany Won’t Tax Cryptocurrencies Used To Make Purchases

Germany Won’t Tax Cryptocurrencies Used To Make Purchases

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Please share if you find this article interesting. Germany Won’t Tax Cryptocurrencies Used To Make Purchases The German Federal Ministry of Finances considers Bitcoin as tax-exempt so long as it is used as a means of payment, Cointelegraph auf Deutsch reported Thursday, March 1. The German federal authority published its decision to not subject purchases with Bitcoin and other cryptocurrency to taxes on Feb. 27, citing the European Court’s 2015 decision, which set a precedent for all members of the European Union. The Court justified its taxing decision by stating that it considers cryptocurrency as a legal means of payment: “So-called virtual currencies (cryptocurrencies such as Bitcoin) are considered equal to the legal means of payment, as long as these so-called virtual curr
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Bitcoin ‘Bubble Is Necessary’ To Test Endurance, Says Hedge Fund Founder Bill Miller

Bitcoin ‘Bubble Is Necessary’ To Test Endurance, Says Hedge Fund Founder Bill Miller

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Please share if you find this article interesting. Bitcoin ‘Bubble Is Necessary’ To Test Endurance, Says Hedge Fund Founder Bill Miller Bill Miller, multi-millionaire investor and founder of hedge fund Miller Value Partners, shared his positive view on the cryptocurrency market sell-off and talked about why it should not scare investors in a FOXBusiness exclusive interview Feb. 28. Calling himself a Bitcoin “observer”, rather than a Bitcoin “believer” or “evangelist”, in the interview Miller compared Bitcoin with other major inventions throughout history, stating: “What I observed with bitcoin is that it’s following a very time-honored path of disruptive innovation going all the way back to the printing press, railroad, electricity, radio in the 1920s, biotech, the internet.” W
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Gold Trading Giant Goldmoney Enables Cold Storage For Two More Cryptocurrencies

Gold Trading Giant Goldmoney Enables Cold Storage For Two More Cryptocurrencies

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Please share if you find this article interesting. Gold Trading Giant Goldmoney Enables Cold Storage For Two More Cryptocurrencies Goldmoney, the world's largest gold savings and transfer network, has added two more major cryptocurrencies to its cold storage service, according to a press-release published Feb. 27. The company, which already provides a cold storage service for Bitcoin (BTC), announced it is now adding “Anti-Money Laundering (“AML”)-Compliant” Ethereum (ETH) storage, with Bitcoin Cash (BCH) storage to follow soon after. According to their press release, Goldmoney Inc. safeguards nearly $2 billion in assets for clients located in more than 150 countries. “Goldmoney clients can now directly purchase Anti-Money Laundering (“AML”)-Compliant Ethereum and sell their Ethe
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Moscow Court Rules Crypto Assets Cannot Be Seized For Debt Payment

Moscow Court Rules Crypto Assets Cannot Be Seized For Debt Payment

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Please share if you find this article interesting. Moscow Court Rules Crypto Assets Cannot Be Seized For Debt Payment In a hearing on Feb. 26, the Moscow Arbitration Court ruled that cryptocurrency funds of a bankrupt debtor cannot be seized as payment to creditors, local media group RBC reports. The court considered an application filed by finance manager Aleksey Leonov, who requested permission to recover funds from a debtor, Ilya Tsarkov, by seizing Tsarkov’s crypto assets. According to RBC, Leonov requested that the court require Tsarkov to provide the password for his cryptocurrency wallet on the website Blockchain.info. The court reviewed documents that proved Tsarkov was in possession of a crypto wallet with Bitcoins, but refused to grant Leonov’s request to seize Tsarkov’
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Japan: 132 Crypto Investors Sue Hacked Exchange Coincheck, Seek Reimbursement

Japan: 132 Crypto Investors Sue Hacked Exchange Coincheck, Seek Reimbursement

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Please share if you find this article interesting. Japan: 132 Crypto Investors Sue Hacked Exchange Coincheck, Seek Reimbursement 132 crypto investors have filed a lawsuit against the Japanese-based crypto exchange Coincheck, seeking 228 mln yen (around $2 mln) in damages, local news outlet Sankei reported Tuesday Feb. 27. Coincheck suffered a major hack in late January that resulted in the theft of more than 523 mln NEM, worth around $530 mln at the time. The exchange has since promised to refund all of its customers in full at a rate of about 82 cents per token. Despite the company’s refund promise, ten crypto traders had already filed lawsuits against Coincheck on Feb. 15 at the Tokyo District Court over the company freezing crypto withdrawals. Coincheck began allowing yen with
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Venezuela Claims Petro Cryptocurrency Has Raised $3bn from Investors in 127 Countries – Bitcoin News

Venezuela Claims Petro Cryptocurrency Has Raised $3bn from Investors in 127 Countries – Bitcoin News

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Please share if you find this article interesting. Venezuela Claims Petro Cryptocurrency Has Raised $3bn from Investors in 127 Countries - Bitcoin News Featured The Venezuelan government has made some new claims about the pre-sale of the country’s oil-backed cryptocurrency, the petro. After one week, President Nicolas Maduro said that the petro had raised $3 billion from 171,015 certified purchases, from investors in 127 countries. The majority of the orders were in dollars, followed by bitcoin and ether, according to Maduro. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Maduro Says 171,015 Purchases from 127 Countries Nicolas Maduro. The president of Venezuela announced this week that his nation’s cryptocurrency, the petro, had received “a total of
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Thai Regulators in Race With Growing Popularity of Token Sales – Bitcoin News

Thai Regulators in Race With Growing Popularity of Token Sales – Bitcoin News

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Please share if you find this article interesting. Thai Regulators in Race With Growing Popularity of Token Sales - Bitcoin News Regulation The Thai government is concerned with the growing number of companies in Thailand racing to launch their initial coin offerings ahead of regulations. This has prompted the country’s regulators to hurry with the regulatory framework for token sales, ahead of cryptocurrency regulations. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten ICOs Growing in Popularity in Thailand Publicly-listed and private companies in Thailand are hurrying to launch their initial coin offerings (ICOs) ahead of regulations, Thai Rath reported, adding that they “fear the regulators will make it more cumbersome for issuers and investors.” Rec
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PR: Bitcoin Exchanges: Please Help Your Users Claim BCP and BCPC as Soon as Possible – Bitcoin News

PR: Bitcoin Exchanges: Please Help Your Users Claim BCP and BCPC as Soon as Possible – Bitcoin News

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Please share if you find this article interesting. PR: Bitcoin Exchanges: Please Help Your Users Claim BCP and BCPC as Soon as Possible - Bitcoin News This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Since coin claiming began at 09:00 GMT on 12 January 2018, the number of people registered at the Bitcoin Parallel website has skyrocketed. In order to maintain the Bitcoin Parallel Ecosystem, the Bitcoin Parallel Foundation has formulated a declining distribution rule. Bitcoin holders at block height of 507,000 receive BCP and B...
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Ukraine’s Financial Watchdog Clarifies Stance on Cryptos – Bitcoin News

Ukraine’s Financial Watchdog Clarifies Stance on Cryptos – Bitcoin News

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Please share if you find this article interesting. Ukraine’s Financial Watchdog Clarifies Stance on Cryptos - Bitcoin News Regulation The State Financial Monitoring Service of Ukraine has published its official position on crypto matters. While offering some borrowed definitions of terms like virtual currency and mining, the agency notes that changes to the legal status of cryptocurrencies in the country are expected. Also read: Uzbekistan to Legalize Bitcoin and Support Developers Due Diligence In a statement published on its website, SFMS said it was constantly collecting, processing and analyzing financial data, including crypto-related information. According to the official announcement, the agency is following transactions that are subject to regular monitoring, but not