Lebanon Banks On Bitcoin

Lebanon banks on Bitcoin. Lebanon’s financial crisis has banks looking for alternative monetary policy and citizens scrambling for alternative banking services. The economic crisis has been raging for years,...

China Passes Law Protecting Cryptocurrency Inheritance

China passes law protecting cryptocurrency inheritance. China has passed its long-awaited civil code expanding the scope of inheritance rights to include cryptocurrency. Chinese courts have also recently rule...

Bitcoin Hashrate Bounces Back

Bitcoin hash rate bounces back. Bitcoin miners have increased in both number and hashpower, as the network has seen a 15-20 exahash per second (EH/s) increase. On May 22, there were 17 mining pools hashing aw...

South Korea To Start Taxing Bitcoin Profits In 2021

South Korea to start taxing bitcoin profits in 2021. South Korea will start taxing profits from bitcoin (BTC) and other cryptocurrencies next year, according to local media reports. South Korea’s Ministry of...

Bitcoin Fees Down 60% While Transaction Count Declines

Bitcoin fees down 60% while transaction count declines. Bitcoin (BTC) average transaction fees dropped by nearly 60% in the last week, as the number of transactions queuing up to be processed on the network e...

Bitcoin Risks Turning Bearish

Bitcoin risks turning bearish. Analytics firm Glassnode has shown that GNI index, which measures the overall state of the Bitcoin network, dropped 18% or 13 points week-on-week, to a value of 60 points. Simul...

ISIS Storing $300 Million In Bitcoin?

ISIS storing $300 million in Bitcoin. That was the claimed made by the director of the Counter Extremism Project claiming that ISIS had up to $300 million stored in bitcoin. Funds of equal value have been mis...

Bitcoin’s Transfer Value On Darknet Spikes

Bitcoin transactions on darknet markets jumped 65% in value during the first quarter. The amount of bitcoin sent from darknet entities to mixers also grew rapidly as exchanges with verification requirements b...