In the first enforcement case against a Bitcoin operator after recognizing the cryptocurrency as a commodity, Bitcoin operator Coinflip has reached a settlement with the U.S. Commodity Futures Trading Commission (CFTC). With the new ruling that virtual currencies are to be recognized as commodities that are under the rules and regulations of existing laws, the […]
The Scaling Bitcoin workshop held in Montreal, Canada from September 12-13 aimed to discuss several issues currently affecting the industry. One of the biggest topics on the table was that of the block size limit, which could be addressed through scalability. Among the presentations made during the bitcoin conference was on the scalability of non-currency […]
The first phase of the Scaling Bitcoin workshop was held in Montreal from September 12-13. The event featured several presentations and academic papers from experts discussing the issues of scalability, block size limits, and many others. Among the presentations made during the Scaling Bitcoin conference was on how bitcoin wallets can handle real transaction fees […]
Bitcoin price declined from its previous consolidation area above $230 today. The move lower has fallen into 1-hour chart divergence and should now correct from current levels before resuming the downtrend. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a […]
One of the world’s leading technology companies has decided to utilize the blockchain technology for smart contracts. According to a report of the Wall Street Journal, International Business Machines Inc. (IBM) is planning to develop an open-source software that could — one day — be used to create digital contracts. For this, the tech giant […]
A Russian official is speaking out against plans by a leading domestic payment company to release a bitcoin alternative.
A judge has sentenced Florida LocalBitcoins user Pascal Reid to serves 90 days in jail in a ruling that closes a notable legal case from 2014.
IBM is reportedly working on a new project for smart contract creation using the bitcoin code base.
The Conference of State Bank Supervisors (CSBS) released its model framework for states to use in designing regulations and made it clear it wants to see state governments take a proactive and rigorous approach to licensing and supervising “virtual currencies” businesses. The Conference report said: “…CSBS concluded that activities involving third-party control of virtual currency, […]
Latin American bitcoin merchant payment processor BitPagos has acquired Argentinian bitcoin exchange Unisend, to provide bitcoin exchange and trading services on its bitcoin purchasing platform Gravel. BitPagos launched Gravel in August 2014 to enable its users to purchase bitcoin at more than 8,000 Argentinian convenience stores. During that time, BitPagos CEO Sebastian Serraon told Coindesk, […]