Category : Bitcoin

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First Bitcoin-Backed Loan Issued in Canada

The first Bitcoin-backed loan has been issued to a Canadian company allowing cryptocurrency holders to liquify their assets without selling. Bitcoin Loan a ‘Game Changer’ Canadian company Ledn, has purportedly become the first and only local lender to issue Canadian dollar loans using Bitcoin as collateral, according to local media Wealth Professional. Bylls CEO, Francis Pouliot The loan was given to
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BitMEX Research Launches New BTC/BCH Fork Monitoring Website

BitMEX has officially announced the launch of a new BitMEX-sponsored website called, which may be used to keep track of the happenings surrounding both softfork and hardfork network upgrades for Bitcoin (BTC) and Bitcoin Cash (BCH).  Bitcoin Cash (BCH) is the star of the new website, however, as ForkMonitor runs eight BCH nodes, versus five BTC notes. This is unsurprisingly
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Scam Me Once: Twitter Promotes Fake Elon Musk’s ‘Bitcoic’ Giveaway

Twitter has come under fire from cryptocurrency commentators once again after the social network began actively promoting an ongoing scam involving a Bitcoin giveaway. ‘Elon Musk’ Offers Millions of Dollars in ‘Bitcoic’ The scam, which has involved various accounts in recent weeks, currently revolves around a fake Elon Musk account using the hijacked Twitter handle of publishing house Pantheon Books.
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Swiss Regulator: Crypto Assets Need 800% Risk Weighting In Absence Of Formal Rules

Swiss financial regulator has informally signaled cryptocurrency investments should have a risk weighting ratio of 800 percent of the original amount. FINMA Highlights Bank, Dealer Queries According to local news media outlet Swissinfo, the Swiss Financial Market Supervisory Authority (FINMA) revealed the figure in October in response to a query by trustee and accountant association EXPERTsuisse. In the letter, dated
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Bulgarian Officials Caught Accepting Bitcoin Bribes to Issue Passports

A handful of Bulgarian officials were busted accepting Bitcoin bribes for illegally issued passports. Busted! A trio of Bulgarian officials was recently arrested for accepting bribes in Bitcoin (BTC) 00 in exchange for issuing passports to foreign applicants. As reported by local news outlet, Nova, court documents indicate that Petar Haralampiev, the Head of Bulgarian state agency for Bulgarians’ matters
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The Fed’s Looming Interest Rate Hike Could Hit Cryptocurrencies Hard

A rising interest rate environment courtesy of the Federal Reserve could hit deflationary cryptocurrencies hard, according to Robert Leshner, who spoke to Fortune about why he started a company called Compound. Fed Expected to Hike Interest Rate In the interview, Leshner points out that cryptocurrency has so far only existed in a low interest-rate US economy. As this starts to reverse,
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Student Turns $5K into $800K Trading Crypto, But Now Owes $400K in Taxes

One college student turned his $5K investment into $880k but now says trading “ruined” his life as he’s facing $400k in cryptocurrency taxes.  From Big Profits to a Tax Nightmare An anonymous college student recently posted on Reddit to solicit advice about what to do while they face a massive tax bill in the wake of cryptocurrency trading. According to
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Hodl Hodl Launches First Non-Custodial OTC Bitcoin Trading Desk

The world’s first non-custodial OTC trading desk for Bitcoin has been launched by P2P cryptocurrency exchange Hodl Hodl. First Non-Custodian OTC Bitcoin Trading Desk Hodl Hodl, the peer-to-peer cryptocurrency exchange that doesn’t hold users’ funds, has launched an OTC (over-the-counter) trading platform in partnership with a licensed European broker Tenbagger. The latter is an EU regulated platform licensed in Estonia as a
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Charlie Shrem To ‘Vigorously Defend Himself’ After $32M Winklevoss Lawsuit

Charlie Shrem, the early Bitcoin adopter and advocate who spent a year in prison for alleged facilitation of drugs purchases with Bitcoin, faces a $32 million lawsuit from Tyler and Cameron Winklevoss. Winklevoss Twins: Shrem ‘Stole 5000 BTC’ As the New York Times first reported November 2, Shrem, who previously worked with the billionaire twins on his ill-fated Bitcoin exchange
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BitMEX CEO Arthur Hayes says Bitcoin Could Fall to $2,000

Today BitMEX released it’s BitMEX Crypto Trader Digest and Arthur Hayes used this opportunity to clarify his comments from earlier this week when he predicted that the bear market could last another 18-months. Another Retraction It’s been a busy week for BitMEX CEO Arthur Hayes and it’s clear that he has been doing a lot of thinking lately. Two days