Bitcoin News Summary – August 26, 2019

Here’s what happened this week in Bitcoin.  Online retailer, Rakuten, often described as the Amazon of Japan, announced the launch of its new crypto exchange app, Rakuten Wallet. Initially, supported cryptos are Bitcoin, Ethereum, and Bitcoin Cash.  The app is available for Android, with iOS coming next month.  Major crypto derivatives exchange, BitMEX, has…

Continue Reading



Bitcoin News Summary – August 19, 2019

Here’s what happened this week in Bitcoin in 99 seconds.  New Zealand’s tax agency, the Inland Revenue Department, released a groundbreaking ruling, stating that salaries and wages may be legally paid in cryptocurrency. Income tax will be applied to such payments as per usual. To qualify, payments must be in regular amounts in cryptos…

Continue Reading



Bitcoin News Summary – August 12, 2019

Here’s what happened this week in Bitcoin in 99 seconds.  Binance clients take note; it appears that KYC data from around 10,000 users have been stolen from the exchange and leaked online. The hacker was attempting to blackmail Binance for 300 BTC or would otherwise release the users’ photos. Binance refused to comply with…

Continue Reading



Bitcoin News Summary – August 5, 2019

Here’s what happened this week in Bitcoin in 99 seconds.  America’s Internal Revenue Service published on its official site regarding the 10,000 notices it sent out to crypto exchange users. The names of these taxpayers were obtained through various ongoing IRS compliance efforts. The notices remind citizens of their tax obligation and threaten consequences…

Continue Reading



Bitcoin News Summary – July 29, 2019

Here’s what happened this week in Bitcoin in 99 seconds.  St. Louis Federal Reserve President, James Bullard, remarked that the US is headed towards a non-uniform currency, with crypto competing with the Dollar. Bullard further said that crypto tackles an “important social problem.” Bakkt, the forthcoming institutional crypto exchange run by Intercontinental Exchange and…

Continue Reading



Bitcoin News Summary – July 23, 2019

Here’s what happened this week in Bitcoin in 99 seconds.  Major US bank, Wells Fargo, will no longer allow its customers to purchase Bitcoin with their own funds. Specifically, the bank responded to a customer complaint on Twitter that ‘they do not allow transactions involving cryptocurrency.’ Last year, Wells Fargo banned the purchase of…

Continue Reading



Bitcoin News Summary – July 15, 2019

Here’s what happened this week in Bitcoin in 99 seconds.  The Fold mobile app, which allowed discounted Starbucks purchases for Bitcoin is now back with Lightning Network support. Fold now allows for almost-feeless purchases at Amazon, Starbucks, Uber, Home Depot, Target, and more.  Bitcoin got its first mention by a sitting US president. Trump…

Continue Reading