Bithumb Launching New Service to Allow Crypto Payments at 6000+ Physical Stores

News One of South Korea’s largest cryptocurrency exchanges, Bithumb, is launching a new service aimed at allowing customers to pay with cryptocurrencies at over 6,000 physical stores nationwide. The exchange also recently expanded its offline support and in-person consultation service in addition to growing the online crypto payment ecosystem. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Crypto Payments at 6000+ Physical Stores Bithumb announced on Monday that it “is expanding [its] cryptocurrency offline payment services.” This is in partnership with Korea Pay’s Service, which runs digital payment services and a mobile gift card platform, Korea Joongang Daily noted. “Korea Pay’s Service is the first domestic company to provide mobile gift certificates and solutions through more than 400 domestic channels, including Starbucks, Outback, and Kakao Talk, based on alliances with major domestic franchises,” the Economic Review detailed. According to Bithumb, Korea Pay’s Service has over 200 franchise partners. Fntimes added, “Bithumb will create an environment that allows users to pay directly using cryptocurrencies.” Korea Joongang Daily elaborated: Shoppers will be able to buy products at about 6,000 stores from brands such as Cafe DropTop, Yankee Candle and Sulbing, one of Korea’s most popular dessert shops. Pay’s Service voucher. The …

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Huobi Cryptocurrency Exchange | Soon To Launch In The United States

The Chinese cryptocurrency exchange, Huobi, just announced that it will be launching in the U.S. soon. Like many other exchanges, Huobi suffered greatly last year when China imposed their cryptocurrency ban. Since then, the company has sought shelter elsewhere and it seems they have found their latest refuge. At the beginning of the year, Huobi relocated to South Korea and Japan and around the same time, announced its vision for a location within the United States. The exchange has registered its American hub/new office in San Fransisco, California. >> Coinbase Launches Crypto Tax Calculator The exchange is registered with the Financial Crimes Enforcement Network, which is a U.S regulators database. Still, CEO and founder of Huobi, Li Lin, does not believe his company has completely dodged more U.S regulations for their exchange just yet. Lin said: “The issue is, currently there is no clear regulatory requirement for crypto-to-crypto trading platforms from the U.S. at the federal level. Other platforms like Poloniex also operate in a similar way with registration as a money service business.” While the U.S Securities and Exchange Commission has yet to weigh in on the issue of crypto-to-crypto trading, the exchange plans on complying completely with the commission …

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Coinigy Review + Reddit Users Speak Out. Is It Worth the Investment?

Last updated on March 27th, 2018 at 09:26 am Coinigy is a desktop and mobile platform for serious cryptocurrency traders. Coinigy consolidates orders, charts and data from over 45 crypto exchanges into a single, customisable interface. Everything you need to trade Bitcoin or any other exchange-featured coin or token is made available in one place, along with support and education in the form of articles and videos. Coinigy features attractive TradingView-based charting, price alerts, portfolio tracking and a crypto news feed. This brings together all the essentials necessary to trading Bitcoin, altcoins or tokens. Coinigy also features “ArbMatrix,” a grid display of exchange prices for arbitrage traders. Coinigy was founded in the US in 2014. While Coinigy is undeniably useful and convenient for active traders using multiple exchanges, there are three big question marks hovering over their service: Is Coinigy private? Is Coinigy secure? Is Coinigy worth the fee? The Coinigy Interface Coinigy’s interface is well-designed. It presents a lot of data in a manageable way. Seen in the above image, from left-to-right, are the following: Selectable markets, with their relevant trading pairs next to them. Here Kraken and its XBT [Bitcoin] / USD trading pair are selected. The “Balances” …

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How to Get a Cryptocurrency Job

Services If the market downturn has placed your Lambo dreams on hold, perhaps it’s time you found another revenue stream. Anyone can make money in a bull market, but when the wicks turn red and altcoin season ends, you might want to consider getting an actual job. Just because it’s unprofitable to keep flipping ICOs doesn’t mean you have return to flipping burgers though. The cryptoconomy offers a vast range of job opportunities with no qualifications necessary. You just have to know where to look. Also read: News.Bitcoin.com is Hiring Editorial Staff – In Tokyo, Stockholm and Your Town The Digital Gold Rush Has Just Begun In 1848, a man named Sam Brannan stood on Market Street in San Francisco waving a bottle of gold dust and declaring the great gold rush to have begun. His efforts are credited with kick-starting the mania that followed, as men and women packed their bags and ventured off to seek their fortune. Brannan was a canny man, and prior to the announcement he’d bought up all the picks and shovels in the city, which he then sold to prospectors for a tidy profit. And thus the adage was born: in …

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Reminds Taxpayers To Declare Their Cryptocurrency

After a series of legal initiatives by various states to regulate crypto activities, the IRS issued a publication to all Americans reminding them of the mandatory disclosure of all profits made through the use of virtual currency. The 17th of April (deadline for tax declaration) is coming up, this reminder is addressed to people that may forget (or simply aren’t aware) that they must declare any profits made using cryptocurrencies instead of FIAT. According to an official statement, “virtual currency is treated as property for U.S federal tax purposes,” which means that the same legal considerations in general terms are applied to virtual currencies as they are to tangible properties. This has also confused some people who comment on social networks that they don’t know whether crypto is an asset or a security –  if they must be declared when exchanged for FIAT and not while holding, or even doubts about why are gains taxable if losses are not deductible. The official criteria have been implemented since 2014  despite the evolution not only in legal regulation but also in uses and technological applications; something that has been highly criticized by cryptocurrency enthusiasts. Alex, a subscriber to Bitcoin.com comments on this: “Question: Do you …

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Crypto Ad Ban | The Pro’s And Con’s From the Experts

First, Facebook banned crypto ads. Then, Google announced it would be banning them as well – many coins dropped when the news was released. Add Snapchat and Twitter into the mix and out comes an internet cocktail that is surprisingly light on crypto ads. What does this mean for the future of crypto? The results may actually not be that bad. Here’s a breakdown of the pros and cons of what it means for crypto to have limited advertising options. >> Huobi exchange to launch in the US The Cons One of the most immediate effects of the crypto ad ban was panic selling on the crypto market. The media has a tendency to overdramatize or generalize certain types of news, which can then lead to uninformed investors trying to drop out of a space they believe everyone will soon drop out of. The actual effect of the crypto ad ban, in and of itself, probably wouldn’t have made much of an impact on the overall market were it not for the ensuing panic from nervous investors that this might cause the end of the crypto world. Is it the end? Of course not, but many coins were dropping as …

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Increased Github Scrutiny Means Lazy ICO Developers Have No Place to Hide

Technology Scrutinizing Github commits is a task that calls for technical knowledge. As a result, any layperson scrutinizing a repository won’t glean much other than the level of activity. Thankfully, that’s starting to change. New tools and blogs have made it easier for anyone to discern the quality of code uploaded by cryptocurrency projects. As a result, lazy developers have no place to hide. Also read: Crypto Community Fears Passage of the CLOUD Act Shining a Spotlight on Github Activity Mona the Github mascot The world’s largest host of source code, Github boasts over 20 million users and 57 million repositories. From traditional tech companies to altcoin projects and ICOs, anyone and everyone who works with code can use the platform to upload and document their latest activity. This enables bugs to be tracked, requests to be made, and tasks managed by teams that are often distributed around the globe. Because the majority of crypto projects are open source, Github also grants the public a means of inspecting the code and discerning the level of activity. Making sense of all those pull and merge requests filed in multiple repos calls for a degree of expertise, however, and preferably …

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Cryptocurrency Price Volatility | Will It Ease This Week?

Cryptocurrency price volatility is not a new thing. The market had a dramatic week last week. Bitcoin price (BTC) gained only 1% albeit massive sideways movements throughout the week; BTC price has hit almost $7000 at the beginning of the week before swinging above $9000 in the next two days. The positive response from G20 economic experts helped bulls in generating substantial gains, who ruled out the possibility of the complete ban on cryptocurrencies. Bitcoin price rally ended last Thursday, and the price started declining after global regulators enhanced their clampdown. The U.K. has formed a task force to look at the pros and cons of crypto markets, while European and U.S. regulators were also increasing their framework for the potential regulations. Source Image: coinmarketcap.com Though Ripple (XRP)and Ethereum (ETH) ended the last week with slight losses, the rest of the top ten altcoins were in the green. EOS (EOS), Stellar (XLM), Cardano (ADA) and IOTA (MIOTA) were among the most prominent gainers. Where Will Crypto Prices Move This Week? Cryptocurrency markets are in doldrums amid their unregulated nature. The global regulators aren’t yet sure on how to control the irregularities in crypto markets; a few countries have banned digital currencies while …

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Cryptocurrency Sell-off | Altcoins Undo Last Weeks Gains

Altcoins had outperformed bitcoin price growth last week: Altcoins rose substantially last week on expectations for lower regulatory actions from G20 countries. Cardano (ADA), Stellar (XLM), EOS (EOS) and IOTA (MIOTA) were among the prominent gainers despite some price correction at the end of the week. EOS posted weekly price growth of 40%, while Cardano and Stellar ended the week with mid-single digit gains. Altcoin, however, started this week in the red; the majority of coins are declining at a high mid-single digit rate today. The broader selloff in crypto markets impacted altcoin prices. Also, the trader’s profit taking strategy following the last week bull-run and increasing regulators interference helped bears in reversing previous gains. Cardano price Cardano price declined 8% today to $0.16, down sharply from the previous week high of $0.22. ADA is the seventh largest coin based on its market capitalization. There is no particular reason for the latest selloff other than the strict approach from Asian regulators. Cardano is significantly famous in Asian markets, particularly in South Korea where it generates with 41% of total trading volume. EOS Price EOS is also plunging at a high mid-single digit rate today. EOS fell more than 8% today …

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Bitcoin News Summary – Mar 26, 2018

Here’s what happened this week in Bitcoin in 99 seconds.     Twitter and Square CEO, Jack Dorsey stated that “Bitcoin will become the world’s single currency in 10 years or fewer”. Dorsey and the companies he heads have reflected positive sentiments on Bitcoin in the past – with the full roll-out of bitcoin purchases on the Square Cash app. The new head of China’s central bank (PBoC), Yi Gang, has stated that “Bitcoin is a currency that provides freedom to anyone that uses it”. Although these statements were issued in 2013,  when Yi Gang was the Head of State Administration of Foreign Exchange, having the PBoC operating under Yi Gang’s leadership could spell a change in policy for China’s fairly strict approach to cryptocurrency up until now. In a series of Medium posts, CoinMarketCap – the Number 1 website in the crypto-currency industry, is accused of showing massively fraudulent and scam information (on purpose) to its users. Allegations also claim that there is massive insider trading going on with the employees, owners, and others involved with CoinMarketCap. Finally, G20 Argentina concluded that calls for a “clampdown on Bitcoin” from the Bank for International Settlements (BIS) and finance ministers from France …

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