G20 Country Leaders Call for International Cryptocurrency Taxation

The G20 countries have called for the taxation of cryptocurrency, as well as its regulation to combat money laundering, Japanese news outlet Jiji.com reports Dec. 2. According to Jiji.com, the final text of a document jointly delivered by G20 leaders calls for “a taxation system for cross-border electronic payment services.” The article then specifies that under current laws, foreign companies that do “not have a factory or other base in Japan” cannot be taxed by the local government. The publication then cites that the G20 leaders seek to “build a…

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Bitcoin Price Falls 5.5% to $4,030: Lack of Momentum Leads to Crypto Pullback

Over the past 24 hours, the Bitcoin price has dropped by more than five percent from $4,265 to $4,030, demonstrating a decline in daily volume. On fiat-to-cryptocurrency trading platforms like Coinbase and Bitstamp, the dominant cryptocurrency was dangerously close to dipping below the $4,000 support level. A drop below the $4,000 mark could disallow a … Continued The post Bitcoin Price Falls 5.5% to $4,030: Lack of Momentum Leads to Crypto Pullback appeared first on CCN

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Week 2: How the Bitcoin Cash “Hash War” Came and Went and Not Much Happened

In what may well have been the most watched cryptocurrency event of 2018, Bitcoin Cash two weeks ago “hard forked” (split) into two different coins. The “big block” project that itself forked away from the Bitcoin blockchain in August 2017 fragmented into “Bitcoin Cash ABC” (BCHABC) and “Bitcoin Cash SV” (BCHSV). In this third and final overview: the main takeaways and latest developments of the second week since the Bitcoin Cash split. Hash War Over The Bitcoin Cash split drew as much attention as it did in part because Bitcoin…

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Craig Wright Claims Bitcoin SV Will Process 1TB Blocks in Two Years

Dr. Craig S. Wright has a mission in mind for Bitcoin SV (BSV) to process terabyte-sized blocks. It’s a “2 year target” according to a tweet he published yesterday. 2 year target. 2-4 Million TPS peak 500k sustained Terranode Bitcoin — Dr Craig S Wright (@ProfFaustus) November 29, 2018 Wright didn’t elaborate on the how The post Craig Wright Claims Bitcoin SV Will Process 1TB Blocks in Two Years appeared first on CCN

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