2019 Bitcoin Transaction Volume Moved Away From US in First Since 2013
For the first time since 2013, the U.S. is no longer the top recipient of Bitcoin (BTC) as valued in USD, as Singapore took the lead over the course of 2019.
EY Launches Token and Smart Contract Testing Service in Open Beta
Accountancy giant Ernst & Young (EY) has made its token and smart contract review service available for public testing.
Gov't seeking to levy taxes on virtual currency
The government is seeking to impose taxes on capital gains from transaction of virtual currencies, including bitcoin, according government sources, Sunday. The Ministry of Economy and Finance confirmed it is pushing for the measure to be reflected in tax regulations next year.
Bitcoin Moves Staggering $8.9 Billion USD in Single Record-Setting Hour
In a single hour, the Bitcoin network processed $8.9 billion in transactions. While most of it was change in addresses, it showed a glimpse of how BTC could perform as an established medium of exchange in the long-term.
Saudi Arabia and Bahrain Use Blockchain Technology to Finance International Trade
SABB and HSBC executed for the first time a blockchain-based trade transaction between Aluminium Bahrain B.S.C. (Alba) to Saudi Arabia’s Altaiseer Aluminium Corporation (TALCO). The news comes from an official post by SABB on November 20, 2019.
Study: DApp Transaction Volumes, User Base Slump in Q3 2019
Decentralized applications’ (DApps) transaction volume and user activity have slumped in the third quarter of 2019, a new study shows.
Fidelity Affiliate Joins $3.5 Million Investment in Bitcoin Sleuthing Firm Elementus
Elementus, a startup focused on spotting illicit transactions made with cryptocurrency, today announced raising $3.5 million, partly from a fund linked to Fidelity Investments.
Nigerian Crypto Educator Returns $80K in Bitcoin Received by Mistake
Keith Mali Chung — the co-founder and president of African blockchain firm Loopblock Network — has returned almost $80,000 worth of Bitcoin (BTC) mistakenly sent to his wallet.
US Army Seeks Blockchain Experts Who Can Trace Bitcoin in Real-Time
The United States Army Contracting Command (ACC) of New Jersey has issued a pre-solicitation notice for cryptocurrency investigation service providers.
Glupteba malware exploits Bitcoin transactions to keep C2 servers updated
A recently discovered variant of the Glupteba dropper and backdoor trojan is capable of deriving command-and-control domains via tracked Bitcoin transactions.
White House Advisory Says Cryptocurrencies Used for Fentanyl Purchases
The White House issued two advisories on drug purchases in the U.S. Wednesday, using the communications to make specific references to the role of cryptocurrencies in such transactions.
UK Pension and Welfare Agency Examining Blockchain and DLT
The United Kingdom pension and welfare agency has identified blockchain and distributed ledger technology (DLT) as technologies that could disrupt the payments industry.
Standard Chartered Makes Letter of Credit Transaction Using Blockchain
London-based bank and financial services firm Standard Chartered has completed its first cross-border blockchain letter of credit transaction in the oil industry with Thai state-owned oil giant PTT Group.
Amlo goes high-tech to tackle laundering
Pol Maj Gen Preecha Charoensahayanon sees cryptocurrency as a new challenge of the Anti-Money Laundering Office (Amlo) under his leadership.
MIT’s AI Lab Analyzed 200,000 Bitcoin Transactions. Only 2% Were ‘Illicit’
Blockchain analytics firm Elliptic collaborated with researchers from the Massachusetts Institute of Technology (MIT) to publish a public dataset of bitcoin transactions associated with illicit activity.
Brazil Tax Authority Requires Reporting All Bitcoin Transactions Starting Today
Beginning today, Aug. 1, Brazil citizens are obligated to report on their crypto transactions with the country’s tax authority, the Department of Federal Revenue (RFB).
Bitcoin Passes New Milestone as Network Mines 85% of Its Total Supply
Bitcoin (BTC) now has 85% of its supply in circulation as of August 1, leaving just 3.15 million new coins for the next 120 years.
Electrum Wallet Is Adding Support for Bitcoin’s Lightning Network
The popular wallet service Electrum is soon to add support for bitcoin’s lightning network.
Nobel Prize-winning economist Joseph Stiglitz weighs in on Facebook’s Libra
Nobel Prize-winning economist Joseph Stiglitz believes only a fool would trust Facebook with their money.
The volume of bitcoin transactions in the darknet may exceed $ 1 billion in 2019
In the darknet, Bitcoin is increasingly being used as a means of payment, and 2019 could be a record year for total payments in dollars. This writes Bloomberg , citing data from analytical company Chainalysis.