Australia Introduces Bill to Eliminate Double Taxation of Bitcoin
Oct17

Australia Introduces Bill to Eliminate Double Taxation of Bitcoin

According to existing Australian laws and policies, all traders and investors of cryptocurrencies such as Bitcoin and Ethereum are potentially liable for the goods and services tax (GST). As such, digital currency users in Australia are again taxed for the GST that’s charged on the currency used in the transaction. The double taxation for cryptocurrencies has received heaps of criticism from the local Bitcoin investing community in...

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IRS Uses Bitcoin Tracking Software to Identify Tax Cheats
Sep07

IRS Uses Bitcoin Tracking Software to Identify Tax Cheats

The Internal Revenue Service has been using a special software tool to identify Bitcoin tax evaders since 2015. Cryptocurrencies were designed to be highly anonymous; however, using Chainalysis software, the IRS can unmask Bitcoin tax cheats, which is making Bitcoin users uneasy. Chainalysis is a startup that uses a “Reactor” tool to identify, track and analyze digital currency transactions—particularly using Bitcoin. According to a...

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Bitcoin Cash: A New Version of Bitcoin Has Emerged
Aug09

Bitcoin Cash: A New Version of Bitcoin Has Emerged

The last few months have seen a massive growth in the demand for Bitcoin, putting a serious strain on those who mine it. This high level of demand prompted the Bitcoin community to find the best alternative so that the currency can withstand this intense pressure. Last week, they found a solution when they forked the Bitcoin blockchain to come up with a new cryptocurrency known as Bitcoin Cash. Forking created a duplicate of Bitcoin...

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Malta Now has a Bitcoin ATM
Jul28

Malta Now has a Bitcoin ATM

While cryptocurrency has been sweeping over the whole of the Western world over the past year, it was only a matter of time before it would hit the lesser-known parts of Europe. One such place is the picturesque archipelago of Malta. This sunny little nation has recently become an emerging market for the exchange and transactions of Bitcoin, and now Malta has established its first Bitcoin ATM, set up in Sliema. Local business leaders...

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Bitcoin News: South Korea Bitcoin Exchange Hacked
Jul13

Bitcoin News: South Korea Bitcoin Exchange Hacked

Bithumb, one of the biggest Bitcoin exchanges located in South Korea, has been hacked. Data from more than 30,000 customers has been compromised by the latest attack. South Korea is among the top Bitcoin trading countries of the world. The Internet Security agency is conducting an investigation into the matter, as many customers have claimed that they lost their money. The KISA, Korea Internet and Security Agency, is probing the...

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Bitcoin News: Bitcoin Exchanges Hit by DDoS Attacks
Jun20

Bitcoin News: Bitcoin Exchanges Hit by DDoS Attacks

Trust the professional hackers to reach where the action is the busiest. Undoubtedly, Bitcoin exchanges have virtually been on fire over the past few weeks, and the result is that there have been reports of attacks on many popular sites that engage in trading of the cryptocurrency. There has been a natural and organic growth in the number of people accessing these exchanges to try their hands at investing in Bitcoins and making some...

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