Russia Isn’t Bothered to Recognize Bitcoin for Now, Says Justice Minister; What Drove his Decision?

Russia’s Minister of Justice, Alexander Konovalov, has indicated that it is unnecessary to give cryptocurrencies a legal definition at this point in time, according to the country’s state-owned news agency TASS. In a meeting with Russian legislators, Konavalov argued that it would be unwise to define cryptocurrencies in their current state. Additionally, Konavalov said it was also premature to formalize legislation touching on cryptocurrencies in Russia. As was reported by CCN mid last month, there are legislative efforts relating to cryptocurrencies and ICOs being undertaken by the Russian parliament. Why Russia Wants to Go-Slow on Crypto Regulation The Justice Minister’s

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Why JP Morgan’s ‘Bitcoin Killer’ isn’t Even a Real Cryptocurrency

JP Morgan Chase, the largest bank in the United States by a long shot, shocked the financial community on Thursday by launching its own blockchain product. For the purpose of this article, JPM Coin will not be referred to as a “cryptocurrency.” JPM CEO Jamie Dimon is a frequent target of derision in the crypto community, owing to his outspoken negativity as regards Bitcoin and the wider crypto markets. Dimon has frequently said that while he’s not a fan of Bitcoin, he believes the blockchain can be a boon to finance. Despite his years-long tirades, JP Morgan has been in

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Ripple (XRP) isn’t a Real Cryptocurrency, Claims Exchange that Just Listed the ‘Heavily Centralized’ Token

Ripple (XRP) is not a cryptocurrency, and it is heavily centralized in the hands of the corporate entity known as Ripple. That’s the opinion of a cryptocurrency exchange which listed XRP on its platform just one day ago. ‘XRP Is Not a Cryptocurrency’ The Coinmotion exchange, based in Finland, released this blog post just hours after listing Ripple on its trading platform, titled: “XRP is a Centralized Virtual Currency.” The post details the opinion of the exchange operators that XRP is not a typical cryptocurrency, is not backed up by a traditional blockchain, and that it is heavily centralized in

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These Bitcoin Analysts Explain Why the Crypto Market isn’t Out of the Woods

Listen, noob. A $ 200 price retracing is far from the end of a bear market for Bitcoin. Comparing historical charts, there are times in recent memory where we’d call that “stability.” In a recent newsletter by eToro’s Mati Greenspan, the veteran analyst points out that China was on holiday recently. Coming back to the crypto markets, they seem to be in a “buying mood.” Bitcoin Bulls Break More China Greenspan feels that a much bigger upward push is needed if you’re going to start calling the end of a bear market. Bitcoin bulls are simply bigger beasts. “n order to

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Facebook’s Crypto Shopping Spree Isn’t Over Yet. Here’s Who Else They Might Acquire.

Facebook’s crypto ambitions are reportedly not limited to its acquisition of blockchain startup Chainspace, according to The Information. Facebook Has Met with at Least Three More Crypto Startups Citing unnamed sources, the publication said Facebook has been eyeing several blockchain startups with a view of making acquisitions. Some of these firms include Algorand, Basis and Keybase. Around two months the social media giant reportedly held discussions with stablecoin startup Basis. This was after Basis had signaled that it was shutting down in mid-December over regulation concerns. However, nothing materialized from the discussion. Facebook’s Plans to Develop a USD-Pegged Cryptocurrency Interestingly,

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Sorry GunBroker, FreedomCoin isn’t the Token Your Gun-Toting Bitcoin Users are Looking For

Yesterday, much like any other day, I received dozens of press releases from blockchain companies and crypto public relations firms, the bulk of which were anything but newsworthy. However, given my personal interest in hunting and shooting sports, one immediately piqued my interest: GunBroker will start accepting cryptocurrency payments. Major Firearms Marketplace Embraces Cryptocurrency GunBroker, for non-shooting sports aficionados, is one of the most popular online platforms for third-party firearm sales. Using the platform, buyers and sellers throughout the United States can easily execute gun transactions across state lines. Every transfer must go through a Federal Firearms License (FFL) holder,

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If trading bitcoin is taxable, then why isn’t trading Warcraft gold taxable? It has a USD valuation as well.

I just can't wrap my head on how the IRS diferentiates between bitcoin and warcraft gold(and any other online video game currency). They are both virtual currencies, both can be used to buy virtual and real-life items and services, and both has an arbitrary fiat exchange rate: link

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Bitcoin – The Currency of the Internet

Freemium Isn’t Free! Free Mobile Games Generated a Whopping $61 Billion in 2018

The 2018 end-of-year report by Nielsen-owned gaming research company SuperData has revealed that so-called freemium games – games that are free to play but typically enable microtransactions for users to purchase upgrades and gizmos – are dominating the entertainment market, generating a massive $ 88 billion in the past year. Unsurprisingly this segment also known as … Continued

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How Tesla’s 7% Stock Drop Shows Dow Jones Isn’t in the Clear

The stock price of Tesla has dropped by 7.14 percent in pre-market following the release of CEO Elon Musk’s letter. The struggle of the car marker demonstrates the lack of fundamentals in the U.S. stock market which may lead to the decline of the Dow Jones. Over the past week, several analysts including Morgan Stanley

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While everyone is focusing on bitcoin price, very few realized the significance of the bitcoin satellites in orbit, which is a full node and provides access to the bitcoin network *without* the need for internet access. Isn’t this extremely significant? this was neither discussed or emphasized

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Bitcoin – The Currency of the Internet