Bats Exchange Fights Back Against SEC’s Decision to Reject Bitcoin ETF

Bats BZX Exchange has submitted a "notice of intention to petition for review of order disapproving" its proposed rule change to list and trade Coin ETF by the U.S. Securities and Exchange Commission (SEC). Also read: SEC Rejects Rule Change for Bitcoin ETF Notice of Intention to Petition National law firm Schiff Hardin LLP faxed its letter as well as a letter written...

AML-Compliant Bitcoin Payments Coming to 56,000+ Merchants Globally

Payment21 and ACI Worldwide announced on Wednesday a strategic collaboration to enable payment service providers (PSPs) to offer merchants anti-money laundering (AML)-compliant bitcoin acceptance. Also read: 3 Free Bitcoin Direct Payment Processors for Webmasters 56,000+ Merchants Can Now Accept Bitcoin Headquartered in Florida, ACI Worldwide is a payment systems company which processes electronic payments for more than 5,100 organizations globally, including over 1,000...

Miner Michael Myers on Bitcoin Block Scaling

As I read the Bitcoin news each day and see the price of bitcoin cycling up and down, I’ve been thinking about the different sides of the blockchain scaling debate, and wondering what the best solution is for miners. While I realize that many of us signal (via our pool) our support of one proposal or another, a stable...

Nodecounter Directs Its Hashrate at Bitcoin.com’s Mining Pool

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The bitcoin data website Nodecounter.com, which also helps manage a mining operation at Nicehash, has announced they are switching mining pools from Slush and are now pointing their hashrate at pool.Bitcoin.com. Also Read: The New 110% Unlimited Bitcoin.com Mining Pool is Now Open to Everyone Nodecounter's Hashrate Joins the Bitcoin.com Mining Pool   Nodecounter is a graphical data site that records the Bitcoin network’s...

3 Free Bitcoin Direct Payment Processors for Webmasters

There are countless Bitcoin payment processing services, applications, and plugins to enable websites to accept bitcoin payments for goods and services. However, most of them require webmasters to sign up as customers and pay fees on each transaction, similar to legacy banking services or Paypal. This article examines a few Bitcoin applications that can give webmasters total control over...

Only 807 People Have Declared Bitcoin for Tax Purposes According to IRS

Only 807 people have declared Bitcoin for tax purposes, according to court documents filed by the IRS in San Francisco. If true, it is likely only a tiny percentage of virtual currency users have reported profits and losses in their annual income forms. Also read: Some Blockchain Tokens are Securities, Researchers Find Is the IRS Warning Bitcoiners to Declare Bitcoin...

Social Website Based on Bitcoin Prepares to Soft-Launch With Free Off-Chain Transactions

A new social media website, called Yours, has quietly launched on Bitcoin's testnet. For Bitcoiners, that might mean within the next few months off-chain, peer-to-peer bitcoin micropayments on a social network. Yours claims to offer an “array of payment models”, which allow content creators to make money. Also Read: Is Bitcoin the Currency of Artificial Intelligence? A Social Media Website with...

EU Cracks Down on Cryptocurrency But Fails to Regulate Traditional Banks

European authorities have been steadfast towards regulating bitcoin because they believe digital currencies bolster money laundering and criminal financing. However, according to reports, a multitude of the UK’s leading banks have processed funds associated with money laundering operations and criminal organizations. Also read: Digital Currency Regulation Heats Up In The EU As Parliament Proposes Additional Rules  While EU Officials Focus on Digital...

Chinese Central Bank Requiring Extreme Customer Verifications at Exchanges

A leading Chinese bitcoin exchange, Huobi, reportedly sent a letter to some of its customers to inform them of yet another set of new Anti-money laundering (AML) requirements. These customers are now required to provide explicit details and proof of the sources of their funds, destinations of bitcoins or other cryptocurrencies withdrawn, as well as their purposes for withdrawing. Also...

Coinbase Launches Margin Trading on GDAX for Institutional Traders

Coinbase announced on Monday the launch of margin trading on its digital currency exchange platform, GDAX, tailored for professional traders and institutional clients. Also read: SEC Rejects Rule Change for Bitcoin ETF  Interest from Institutional Investors “Over the last few years, we have seen growing interest from institutions that desire advanced trading features”, said Adam White, head of GDAX, in the announcement on Monday. He also added that: We...