Vitalik Buterin, the acclaimed co-founder of Ethereum and noted cryptocurrency enthusiast, recently spoke out against misapplication of blockchain technology. He said that it can lead to "wasted time." Buterin was a speaker at the recent Devcon4 blockchain conference, and he spoke on the sidelines of it as well.…
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Ohio to Accept BitCoin for State Tax Payments in 2018
It is being reported that Ohio will be the first U.S. state to accept tax payments in Bitcoin. At first, only businesses will be able to make tax payments using the popular cryptocurrency, but it is expected that individual taxpayers will soon be able to make tax payments in…
All Cryptocurrency Values Have Plummeted By 80 Percent in 2018
What a difference a year makes. At the beginning of this year, the market value of digital currencies was more than $828 billion and was expected to reach $1 trillion. But today the market value for cryptocurrencies stands at less than $130 billion and is dropping. Many in the industry…
Some Reasons For Bitcoin's Latest Price Drop
Bitcoin prices could bottom out at $3,000 according to a recent interview with Michael Moro, who is the CEO of the cryptocurrency companies Genesis Capital Trading and Genesis Trading. Before bottoming out at $3,000, Moro believes that some major cryptocurrency will lose an additional 30%. Once the 3K…
Chinese Bitcoin Miners Panicked by Currency Values Near Thanksgiving
Around the time American families sat down to enjoy Thanksgiving dinner, Bitcoin mining groups in China went into panic mode as the cryptocurrency market suffered precipitous losses. Reports from Chinese websites that follow digital currencies trends indicated that Bitcoin mining firms were dumping their expensive hardware rigs as the world&…
Japanese Company Plans to Implement a Restricted Access Cryptocurrency Soon
According to a recent report, Nippon Yusen K.K., a Japanese shipping company, is planning to launch a brand-new digital currency for crew members. One of the largest shipping lines in Japan in terms of sales, Nippon Yusen was established in 1885. The consolidated revenue for NYK Group was $915.…