How to Buy Bitcoin Anonymously

Featured Buying bitcoin is not a revolutionary act. Nor should it be. And yet the way statists, apparatchiks and politicians bang on, you’d think the mere act of acquiring digital currency was akin to receiving the keys to a pandora’s box in which lurks every illicit artifact known to man. One day, these dinosaurs will begrudgingly concede that buying bitcoin is no more seditious than buying a soda with a $20 bill. But until then, you’ll want to preserve your privacy when acquiring cryptocurrency. Also read: Wasabi’s Privacy-Focused BTC Wallet Aims to…

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Peer-to-Peer Trading Platform Bitquick Implements Bitcoin Cash Support

News Over-the-counter marketplace Bitquick has announced the company is now supporting multiple cryptocurrencies and has officially added bitcoin cash (BCH) to the platform. Now cryptocurrency users can purchase BCH in as little three hours as traders buy and sell coins in a peer-to-peer fashion. Also Read: Regulations Have Ruined the Physical Bitcoin Industry Bitquick Exchange Adds BCH Support Bitcoin cash fans were pleased to hear the marketplace Bitquick.co has integrated BCH support into the over-the-counter (OTC) marketplace. Bitquick was established in August of 2013 and is now owned and operated by…

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Blame Banks for Damaging the Environment – Not Bitcoin

Op-Ed Another mainstream media outlet has published a piece warning of the dangers Bitcoin poses to the environment. We’ve heard these overly simplistic arguments countless times before. But even if one was to accept that Bitcoin’s energy consumption is substantial, the figure still pales in significance to traditional financial institutions, whose carbon footprint is colossal. Also read: South Africa Wants to Mandate Registration of Crypto Service Providers ‘Bitcoin Is Oil’ Journalist, former bitcoin miner, and current partner at crypto firm Ocuis, Ethan Lou, penned a Guardian article this week, “Another thing…

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Plaintiff in AT&T SIM-Swapping Case Sues ‘Bitcoin Bandit’ for $81M

News The plaintiff in a $224M lawsuit against wireless carrier AT&T has turned his attention to a new target. Michael Terpin’s legal team have filed a second suit, this time against 21-year-old Nicholas Truglia, dubbed the “bitcoin bandit” by the New York press. The Manhattan resident, who was arrested on unrelated SIM-swapping charges in November, now finds himself the target of an $81 million suit that seeks to invoke the RICO Act and land the fresh-faced defendant with a racketeering charge into the bargain. Also read: Report: Bitcoin Use on Darknet…

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What UK Bitcoin Investors Should Know as Tax Deadline Approaches

Taxes The deadline for submitting tax returns in the UK is Jan. 31, 2019. If you hold investments in bitcoin or any other cryptocurrency it is important to be aware you may owe corporation tax, income tax, or capital gains tax depending on your activities. The U.K.’s HM Revenue and Customs (HMRC) has shared its most recent guidelines. Also read: Cryptocurrency and Taxes: How to Use 2018’s Losses to Your Advantage Get Ready, Set, File The last 18 months have been quite a rollercoaster ride for cryptocurrency investors. There could be another…

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Denmark’s Tax Agency to Collect Information About Bitcoin Traders

Taxes Danish tax authorities will soon be going after cryptocurrency traders in the country and beyond. The plan is to collect data from local bitcoin exchanges in order to verify if citizens who have traded digital assets have paid the right taxes. Information about foreign citizens and entities will be shared with other countries.    Also read: 5 Crypto Exchanges Have Been Licensed in Gibraltar Since Regulation Tax Agency Authorized to Gather Data From Three Danish Exchanges Skattestyrelsen, the Danish Tax Agency, announced it has been authorized by the country’s…

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How to Generate a Bitcoin Address With Your Own Name

Featured You don’t have to be vain to want a vanity address. A bitcoin vanity address is the crypto equivalent of a personalized license plate, with a portion of its 26-35 alphanumeric characters closely mirroring the name of the wallet’s owner. For fundraising, collecting tips or soliciting donations, having a bitcoin address that’s synonymous with its owner can be advantageous, despite the privacy trade-off this entails. Also read: Newspaper Ad Seeks Donations for Bitcoin Baby’s College Fund Why You Might Want a Vanity Address If you’ve been involved with Bitcoin for…

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No, IBM’s Quantum Computer Won’t Break Bitcoin

Featured IBM recently unveiled its Q System One at the Consumer Electronics Show (CES) 2019, with the company describing the quantum computer as being developed for “commercial use.” Despite numerous media outlets again decrying the imminent death of Bitcoin, IBM’s quantum system is not the game-changer that many are heralding it to be. Also Read: Japanese Regulator Clarifies Stance on Bitcoin ETFs and Derivatives IBM Unveils Quantum Computing System IBM’s commercial launch of its new quantum computing system has fueled reports claiming that the technology may spell doom for bitcoin and…

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Bitcoin History Part 8: When 1,500 BTC Cost Less Than $1

Featured How much is one bitcoin worth? In fiat currency terms, that’s a constantly shifting answer, but ever since the beginning, the following has held true: one bitcoin is worth as much as the buyer is willing to pay. Today, that’s likely to be a few thousand dollars, but back in the day, the reverse was more likely to be true: for one dollar, you could buy several thousand bitcoins. Also read: Bitcoin History Part 7: The First Major Hack Calculating Bitcoin’s Exchange Rate Once an asset has a universally…

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Query the Bitcoin Cash Blockchain With Bitcoin.com’s Dedicated Bitdb Node

Promoted Over six months ago, Bitcoin.com launched a dedicated development page for programmers working on the Bitcoin Cash (BCH) network. More recently, our web portal further added the literature “Mastering Bitcoin Cash,” a comprehensive overview of BCH basics and technical operation of the protocol. In order to ring in the New Year, Bitcoin.com has added a dedicated Bitdb node and explorer this week that can query the BCH chain. Also Read: Nick Szabo: Central Banks May Turn to Cryptocurrency Reserves Over Gold Bitcoin.com Adds Dedicated Bitdb Node for the Bitcoin Cash…

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