Korean Supreme Court Rules Cryptocurrency Is Asset With Economic Value

The South Korean Supreme Court has ruled that cryptocurrency is an asset with economic value that can be confiscated. In the case involving a porn site and 191 confiscated BTC, the country’s top court upheld a district court’s ruling. Supreme Court Has Ruled South Korea’s top court ruled on Wednesday that the government could confiscate… Continue reading Korean Supreme Court Rules Cryptocurrency Is Asset With Economic Value

The ‘6th Pattern’ On Bitcoin’s Price – Coincidence or Market Manipulation?

At the moment there are several traders and investors that give their insights on the cryptocurrency market and how it can evolve in the next days, months or even years. But different enthusiasts and professionals discovered a very interesting pattern in the charts, what is it all about? The ‘6th Pattern’ in Bitcoin’s Price According… Continue reading The ‘6th Pattern’ On Bitcoin’s Price – Coincidence or Market Manipulation?

The GunBot (Bitcoin Trading Bot) My 10 Day Review Updated May 14, 2018

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Bitcoin’s Pineapple Fund Is Giving its Final Donations

As we have written in the past, the Pineapple Fund has surprises everyone in the crypto market. When everything was glory at that moment (Bitcoin was near its all time high), an early cryptocurrency investor decided to donate millions of dollars in Bitcoin to charities and other associations. Now, its final donation has been announced.… Continue reading Bitcoin’s Pineapple Fund Is Giving its Final Donations

Bitcoin’s Biggest Question: What Happens After All Blocks Are Mined?

April 2018 marked a significant milestone in the history of Bitcoin (BTC) – its 17th million block was mined, out of a total of 21 million. However, with the benchmark taking only nine years to reach, the community fancies a related question: What happens after all 21 million blocks have been mined? Understanding the Mining… Continue reading Bitcoin’s Biggest Question: What Happens After All Blocks Are Mined?

Bluzelle Might Double Your Bitcoins

Bluzelle found the bottom at 3300 satoshis and started the uptrend while continued to move within the ascending channel. But recently price broke above the channel and on the corrective wave down rejected the upper trendline of the channel as well as the 50 Moving Average, suggesting the continuation of the uptrend. The very strong… Continue reading Bluzelle Might Double Your Bitcoins

Bitcoin’s Price Needs to Remain Above $8600 for Mining to be Profitable, Says Morgan Stanley

According to a report by Morgan Stanley, bitcoin’s price needs to break and sustain above the $8,600 level to ensure bitcoin mining remains a profitable venture. Even with a low electricity cost of $0.03 kW/h, analysts from the US-based investment firm believe that only a price above $8,600 would keep big mining pools profitable. The… Continue reading Bitcoin’s Price Needs to Remain Above $8600 for Mining to be Profitable, Says Morgan Stanley

Bitcoin Ransomware holds city of Atlanta under siege for 6 Bitcoins

Hackers recently laid siege to the city of Atlanta by implanting Bitcoin ransomware that demands around $51,000 before releasing key public services. The public network system of Atlanta city was attacked this past week by hackers who installed the SamSam ransomware to demand around $51,000 worth of Bitcoin or 6 Bitcoins to release all computers.… Continue reading Bitcoin Ransomware holds city of Atlanta under siege for 6 Bitcoins

Bitcoin’s Average Blocksize Falls to its Lowest Level Since October

For the first time in many months, bitcoin’s average blocksize has fallen to 0.75MB, down from its previous constant level above 1MB. The network has been processing backlogged transactions for weeks, which have now fully cleared. That has led to fees falling too, now standing at 40 sat/byte or around 75 cent. Transactions also stand… Continue reading Bitcoin’s Average Blocksize Falls to its Lowest Level Since October

Are There Taxes On Bitcoins?

Modern city glass reflection

Bitcoin is a virtual currency that uses cryptographic encryption system to facilitate secure transfers and storage. Unlike a fiat currency, bitcoin is not printed by a central back, nor is it backed by any. Bitcoins are generated by what is called mining—a process wherein high-powered computers, on a distributed network, use an open source mathematical formula… Continue reading Are There Taxes On Bitcoins?