Initial Coin Offerings (ICOs) – Weekly Overview
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UPDATE: "PayPal making a move to embrace Bitcoin" says Braintree CEO
BybtxadmThe rumors are true: PayPal is integrating bitcoin payments into their One Touch mobile wallet system using technology developed by their subsidiary Braintree. Speaking at TechCrunch Disrupt San Francisco today, Braintree CEO Bill Ready said that the company will soon be integrating bitcoin payments via a partnership with Coinbase. Not hedging his bets, Ready made…
Report: BTC Guild may close due to NY's BitLicense restrictions
BybtxadmCould the New York Department of Financial Services (NYDFS) BitLicense shutter long-running mining pool BTC Guild? Recent discussions about the impact of the disclosure rules in the proposed regulations may result in the closure of the mining collective. In a statement published on July 19, BTC Guild’s operator said that compliance with the new rules…
Halong Mining Confirms Samsung Partnership On DragonMint T1 Miner
BybtxadmEven though it has only been on the market for a matter of weeks, Halong Mining’s DragonMint T1 is quickly establishing itself as a viable rival to Bitmain’s near-ubiquitous Antminer S9 bitcoin miner. Both miners offer a similar level of performance and efficiency — the T1 having a slight edge over the S9 on most…
Swiss authorities claim bitcoin is too "insignificant" to regulate
BybtxadmIn a new report published by Switzerland’s Federal Council, regulators claim that the “economic importance of virtual currencies as a means of payment is fairly insignificant at the moment.” The report claims that bitcoin and other digital currencies will have a marginal effect on the Swiss economy for the “foreseeable future,” and no influence on…
Canada to rule on a "case-by-case basis" for bitcoin taxes
BybtxadmFollowing their southern neighbor’s lead, the Canada Revenue Agency (CRA) recently issued new guidance on how virtual currencies will be taxed in the country. The document cites related Supreme Court of Canada rulings relating to the Income Tax Act, and indicates specific tax precedents for both personal and business activities, further reinforcing bitcoin’s unique status….
SecondMarket's Barry Silbert claims the insurance industry is eyeing bitcoin
BybtxadmWith his Bitcoin Investment Trust rapidly gaining interest from curious mainstream investors, it’s no surprise that businesses want to talk to Barry Silbert. What is surprising, however, are the kinds of businesses who are now knocking on his door. Earlier today, Silbert posted this tweet, hinting at what may be the strongest indicator yet of…