Saturday, May 25Your Daily Bitcoin & Altcoin News Portal
Bentley, Bugatti & Rolls-Royce Retailer Announces It’s Now Accepting Bitcoin

Bentley, Bugatti & Rolls-Royce Retailer Announces It’s Now Accepting Bitcoin

BITCOIN
Please share if you find this article interesting. Bentley, Bugatti & Rolls-Royce Retailer Announces It’s Now Accepting Bitcoin Luxury automobile retailer Post Oak Motor Cars is reportedly the first Rolls-Royce, Bentley and Bugatti dealership in the U.S. to accept Bitcoin (BTC) and Bitcoin Cash (BCH) as payment, according to an official press release published September 5. The luxury auto retailer, owned by American businessman Tilman Fertitta, has integrated crypto payment service provider BitPay to let clients purchase cars with crypto. According to the press release, the Texas-based firm will accept purchases in crypto from customers worldwide. Fertitta commented that the company decided to provide the new payment option in order to offer their customers “the very best buying
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Stock Brokerage EF Hutton Rates Cryptocurrencies to Help Clients Track ‘Rapid Developments’

Stock Brokerage EF Hutton Rates Cryptocurrencies to Help Clients Track ‘Rapid Developments’

BITCOIN
Please share if you find this article interesting. Stock Brokerage EF Hutton Rates Cryptocurrencies to Help Clients Track ‘Rapid Developments’ U.S. stock brokerage firm EF Hutton announced it would release research and ratings of cryptocurrencies and industry businesses for its clients Wednesday, September 5. EF Hutton, whose affiliate Megga Inc. previously launched its own cryptographic token MeggaCoin last year, said in a press release it wants to assist “confused” investors who are keen on gaining a better understanding of the space. “A great many investors are confused by the rapid developments in this new asset class,” CEO Christopher Daniels commented, adding that the move represented “the first of many initiatives” involving cryptocurrency the firm would be taking. EF Hutt
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South Korea Urges 14 Countries to Create International Discipline System for Crypto – Bitcoin News

South Korea Urges 14 Countries to Create International Discipline System for Crypto – Bitcoin News

BITCOIN
Please share if you find this article interesting. South Korea Urges 14 Countries to Create International Discipline System for Crypto - Bitcoin News Regulation At an annual international conference for regulators in Seoul, the South Korean Financial Supervisory Service urged regulators from 14 other countries to create an international discipline system for cryptocurrency and initial coin offerings. The Korean government also outlined its current crypto countermeasures and pushed for better information sharing and international cooperation. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space International Discipline System Yoon Suk-heun. The 20th Integrated Financial Supervisors Conference (IFSC) took place on September 6-7 in Seoul. The governor of the country’
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Australian Regulator Hints at Increased Crypto Exchange and ICO Scrutiny

Australian Regulator Hints at Increased Crypto Exchange and ICO Scrutiny

BITCOIN
Please share if you find this article interesting. Australian Regulator Hints at Increased Crypto Exchange and ICO Scrutiny Australian regulator the Australian Securities and Investments Commission (ASIC) has revealed plans to increase scrutiny of cryptocurrency exchanges and Initial Coin Offerings (ICO) in its ‘Corporate Plan’ published this week. ASIC, which acts as a supervisory organ for financial market operators, highlighted the exchange sector as an area of priority through 2022. Specifically, the body plans to ensure any “threats of harm” from the nascent industry are mitigated as part of its regulatory remit. “Potential harms from technology driven by the growing digital environment and structural changes in financial services and markets,” it announced in the Plan, cont
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$6K Ahead? Bitcoin Price Plunges After Brief Recovery

$6K Ahead? Bitcoin Price Plunges After Brief Recovery

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. $6K Ahead? Bitcoin Price Plunges After Brief Recovery For bitcoin, the path of least resistance is to the downside. At press time, the leading cryptocurrency is trading at $6,340 on Bifinex – down 3 percent from the high of $6,550 hit earlier today. The minor recovery from the previous day's low of $6,300 was likely a product of oversold conditions reported by the short duration relative strength index (RSI) yesterday. More importantly, the fact that the gains have been erased quickly indicates the bearish sentiment is quite strong and the minor pop has likely recharged engines for further sell-off. The technical charts are also biased toward the bears. As a result, a drop to $6,000 (February low) cannot be ruled out. Hourly cha
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The Daily: EU Urged for Common Crypto Rules, EEU Ready for Common Crypto – Bitcoin News

The Daily: EU Urged for Common Crypto Rules, EEU Ready for Common Crypto – Bitcoin News

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Please share if you find this article interesting. The Daily: EU Urged for Common Crypto Rules, EEU Ready for Common Crypto - Bitcoin News The Daily A Brussels-based think tank has urged the European Union to adopt common crypto regulations. Its report will be reviewed during this week’s meeting of the EU finance ministers in Vienna. Also in The Daily, the Eurasian Economic Union may adopt a single settlement currency, possibly a crypto, Samsung Pay offers a tokenized money transfer service in Russia, and Transfergo launches remittance payments to India using DLT technology. Also read: Luxury Car Dealership Accepts Bitcoin, Basketballers to Earn Crypto Think Tank Calls for Universal EU Crypto Regulations The European Union, a politico-economic behemoth that often finds it ha
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China’s Supreme Court Rules That Blockchain Can Legally Authenticate Evidence

China’s Supreme Court Rules That Blockchain Can Legally Authenticate Evidence

BITCOIN
Please share if you find this article interesting. China’s Supreme Court Rules That Blockchain Can Legally Authenticate Evidence China’s Supreme Court has ruled that evidence authenticated with blockchain technology is binding in legal disputes, in an official announcement released today, September 7. The new ruling comes as part of a series of more comprehensive rules that clarify litigation procedures for internet courts across China, and comes into force immediately. According to today’s announcement, the Supreme Court declares that: "Internet courts shall recognize digital data that are submitted as evidence if relevant parties collected and stored these data via blockchain with digital signatures, reliable timestamps and hash value verification or via a digital deposition p
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Why Bitcoin Dropped by Over 10 Percent, Deleting $40 Billion From Crypto Market, Experts Explain

Why Bitcoin Dropped by Over 10 Percent, Deleting $40 Billion From Crypto Market, Experts Explain

BITCOIN
Please share if you find this article interesting. Why Bitcoin Dropped by Over 10 Percent, Deleting $40 Billion From Crypto Market, Experts Explain Over the past two days, the valuation of the cryptocurrency market has plunged to $201 billion as Bitcoin lost 13 percent, moving closer to its yearly low at $192 billion. Since Sept. 6 when the price of Bitcoin dropped by more than 10 percent within a one-hour period, the cryptocurrency market has been on a continuous decline. Tokens bled out more intensely than they previously did in April and June, losing out 10 to 30 percent against Bitcoin. Source: coin360.io Cointelegraph interviewed ThinkMarkets chief market analyst and former Bank of America trader Naeem Aslam, eToro senior market analyst Mati Greenspan, and well recognized c...
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Lenovo Partners With Blockchain Platform to Develop Its IoT and AR/VR Hybrid Software

Lenovo Partners With Blockchain Platform to Develop Its IoT and AR/VR Hybrid Software

BITCOIN
Please share if you find this article interesting. Lenovo Partners With Blockchain Platform to Develop Its IoT and AR/VR Hybrid Software On Sept. 4, the Credits platform, which specializes in providing a range of services for launching DApps, announced in a Medium post that it joined Lenovo’s New Vision Technology project. Together, the companies will work on developing an Internet of Things (IoT) and AR/VR hybrid software. The software is planned to be implemented in a variety of industries, such as fintech and logistics, reads the announcement.  Lenovo New Vision Technology As the official press release says, Credits “will utilize their blockchain expertise to help facilitate building software” for Lenovo’s New Vision Technology project. The Lenovo project is focused in the fie
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Ukrainians Advised to Pay 19.5% Tax on Crypto Incomes – Bitcoin News

Ukrainians Advised to Pay 19.5% Tax on Crypto Incomes – Bitcoin News

BITCOIN
Please share if you find this article interesting. Ukrainians Advised to Pay 19.5% Tax on Crypto Incomes - Bitcoin News Economy & Regulation In the absence of dedicated regulation, Ukrainians are expected to pay the regular 19.5% income tax rate on their profits from crypto-related activities like trading and mining, a high-ranking official from the Finance Ministry in Kiev explained. Crypto investors are free to report their digital funds as either property or financial assets. Also read: Uzbekistan Legalizes Crypto Exchanges and Trading Cryptos? Tax Them Like Tanks The question, what do crypto investors owe the state, is a hot topic in many communities around the world. Authorities in most countries rush to tap into their incomes and profits, often before they’ve regulated