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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Cryptocurrency Bitcoin in the Browser
Sep26

Cryptocurrency Bitcoin in the Browser

Some of the top tech companies in the world have created an API for internet browsers that will soon allow people to buy various products online with cryptocurrencies like Bitcoin instead of traditional payment methods. Online shopping has been a revelation ever since businesses started expanding their reach to the internet. It made the entire experience of buying products an extremely convenient one. Until now, traditional payment...

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Lawmakers Draft Bill to Protect Cryptocurrencies
Sep06

Lawmakers Draft Bill to Protect Cryptocurrencies

Lawmakers are drafting legislation aimed to protect cryptocurrencies. The law should also prevent illicit practices using digital currencies, such as money laundering.

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Blockstream Satellite: A Service that Broadcasts Bitcoin from Space
Aug21

Blockstream Satellite: A Service that Broadcasts Bitcoin from Space

A recently released video teaser from Blockstream, a famous blockchain technology firm, has left space and cryptocurrency enthusiasts deeply excited. Participants have speculated that the blockchain technology company will soon be implementing the concept of having a satellite system streaming Bitcoin blockchain for the entire Earth from space. Among the people promoting this idea is Bitcoin entrepreneur Jeff Garzik. The...

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Bitcoin Price Jumped to a New Record High
Aug15

Bitcoin Price Jumped to a New Record High

For a long time, gold enjoyed the title of being the most valuable savings tool worldwide. Five months ago, Bitcoin’s price soared and it soon became as costly as gold. Last week, however, a significant change in Bitcoin’s price took place. It reached as high as $3,400, which is almost three times higher than an ounce of gold. According to a report by Bloomberg, the precious metal closed at $1,257, which is almost $2,000...

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Swiss Bank Now Offers Bitcoin to its Customers
Jul21

Swiss Bank Now Offers Bitcoin to its Customers

A few months ago, very few would have believed that Bitcoin, the most popular cryptocurrency to date, would be available for purchase through mainstream banking channels. But these developments are indeed emerging. A bank in Switzerland just announced that its clients will be able to make Bitcoin purchases using their cash deposits. The Falcon Private Bank also established an asset management team to manage its customers’ Bitcoin...

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