Sentences with phrase «other virtual currencies»

Given how much bitcoin currently dominates the cryptocurrency market, in terms of value, prices of other virtual currencies took a beating too.

Virtual currency exchanges allow their customers to trade virtual currencies — usually for other virtual currencies, but also for other assets such as fiat money.

Virtual currencies definitely run the risk of being targeted by hackers using various methods to steal Bitcoins and other virtual currencies from user accounts.

Because bitcoin created the market for cryptocurrencies, it has been able to hold a 90 percent market share over other virtual currencies for nearly the entirety of its existence.

Alternatively, increase in Bitcoin price may cause the hash rate of other virtual currencies to fall, decreasing their transaction verification efficiency and lowering their value.

It was the first major economy to bestow legitimacy on virtual currencies, by recognising Bitcoin and other virtual currencies as legal tender in April of 2017.

Since Coinbase is under heavy scrutiny, many criminals (and others -RCB- have left Bitcoin in favor of other virtual currencies like Zcash, which promises to «fully protect the privacy of transactions using zero - knowledge cryptography,» or Monero, which says it offers «secure, private, untraceable currency.»

China plans to ban trading of bitcoin and other virtual currencies on domestic exchanges, dealing another blow to the $ 150 billion cryptocurrency market after the country outlawed initial coin offerings last week.

As with other virtual currencies, you need to create a Bitcoin Gold wallet before you can start trading in Bitcoin Gold.

South Korea's new management - minded approach is a dramatic turnaround from its energetic regulatory crackdown on cryptocurrency exchanges this past year, alarmed at a heated market that saw local prices of Bitcoin and other virtual currencies in South Korea trade for higher than international levels.

It was originally set up to trade Second Life Lindens (SLL) and other virtual currencies used in online gaming before expanding into bitcoin in 2011.

Finally, it's unclear if the IRS is also targeting other virtual currency operators.

Finally, it's unclear if the IRS is also targeting other virtual currency operators.

The question now seems to be whether the SEC will apply this same thinking to other virtual currency exchanges if they are acquired by large players.

Some analysts have predicted more selling in bitcoin and other virtual currencies ahead of the mid-April deadline to file U.S. tax returns.

Because of the credibility that comes with that tie to the dollar, Tether are often used to buy other virtual currencies like Bitcoin.

However, as Bitcoin and other virtual currencies become more and more mainstream, regulators are cracking down.

The company plans to add support for other virtual currencies such as Litecoin, Ethereum, Ethereum Classic and Bitcoin Cash later in the year.

According to the FT BitFlyer will only offer trading of Bitcoin / Euro pairs but said it planned to support other virtual currencies such as Litecoin and Ethereum and more fiat currencies in the coming months.

In Sweden, where use of cash is vanishing, the central bank is investigating issuing its own digital currency, the E-krona, out of concern that widespread use of other virtual currencies controlled by private actors could harm competitiveness.

Hackers are identifying bitcoin and other virtual currency investors and users online, figuring out which telecommunications provider they use, and convincing a cell provider customer service agent to transfer the number to a provider and device under the hacker's control, Forbes has reported.

An anonymous respondent commented, «With the rise of bitcoin or other virtual currencies people may switch to these entirely as global currencies, as the dollar and euro may see too many ups and downs.»

In an effort to counter the potential sweeping inclusion of all wallets in the AML Proposal, Jouke Hofman, CEO of Bitcoin - brokerage Bitonic and exchange BL3P, initiated outreach to the Dutch Ministry of Finance, and other virtual currency wallet and exchange companies, to explain the need for more specific guidance on who exactly is covered by the directive and the importance of balancing anti-terrorism AML efforts with technological innovation:

At the same time, there are fresh concerns about the security of bitcoin and other virtual currencies after NiceHash, a company that mines bitcoins on behalf of customers, said it is investigating a breach that may have resulted in the theft of about $ 70 million worth of bitcoin.

Meanwhile, most other virtual currencies allow miners to use some variation of graphics processing units from the likes of NVIDIA or Advanced Micro Devices to proof transactions.

A prisoner in Iceland suspected of masterminding the theft of about 600 computers that were being used to mine bitcoin and other virtual currencies escaped custody and fled Tuesday on a passenger plane that a witness said also carried the remote North...

To see how small businesses are integrating bitcoin and other virtual currencies into their payments mix (and elsewhere within their companies), DCC CEO David Berger held the following question - and - answer discussion with Chris Werner, founder of Werner Business Law in Chicago.

Afanasiev's statement touches a chord as earlier this week, Russian banking officials made comments regarding how to regulate other virtual currencies.

Miners of bitcoins and other virtual currencies help keep the systems honest by having their computers keep a global running tally of transactions.

The CRA has indicated they will treat bitcoin as taxable, and is regulated along with other virtual currencies under Bill C - 31.

Our attorneys help clients navigate the thorny challenges faced by bitcoin and other virtual currency businesses.

In a recent interview with a Chinese owned news publication, one researcher stated that, «Cryptocurrencies and other virtual currencies attempt to challenge the sovereign state's right to issue currency, requiring the nationalization of currency issuance.

On about Feb. 7, messages seeking to exchange NEM with other virtual currencies appeared on an anonymous «dark web» site.

The difficulty of trading on the exchanges no doubt chased many would - be buyers away, especially when the price of Bitcoin and other virtual currencies began to fall.

He stressed that Circle is for now focused on nailing down the technical and security aspects of its bitcoin services, which will help it avoid the embarrassing blunders that have befell many other virtual currency start - ups.

The paper stated that bitcoins and other virtual currencies pose a «minimal» threat to the Bank's monetary policy since they currently have a limited presence in the financial system in Namibia.

The organization has a strong focus on the adoption of Bitcoin and other virtual currencies throughout Canada, while also promoting Canadian participation in international partnerships and associations.

Bitcoin and other virtual currency investments are taxable assets, and the government is making sure the investment community gets this message loud and clear.

The mining operations that create Bitcoin and other virtual currencies require vast stores of computing power, and no small amount of technical know - how, but a company called Virtonomics is hoping to change all that.

«Individuals and companies are trading in bitcoin and other virtual currencies all over the world,» says Business Waste spokesperson Mark Hall, «so of course we're going to accept it from our customers.»

As Bitcoin and other virtual currencies gain in popularity, the demand for being able to use them for real estate grows.

On February 9, 2018, an article the Telegraph noted that France and Germany's economy chiefs called for further regulations on Bitcoin, cryptocurrency and other virtual currencies trading.

The Israel Tax Authority has declared bitcoin and other virtual currencies taxable assets rather than money.

Having the option to trade Bitcoin and over 40 other virtual currencies intermittently, without having to register for an account or complete a verification procedure, has attracted a lot of attention.

Since the success of Bitcoin, there have been over 3,000 other virtual currencies introduced with varying degrees of success and popularity such as Ethereum, Litecoin, Monero and Dash.

PayPal, perhaps the best known payments provider, has been slow to facilitate transactions in Bitcoin and other virtual currencies representing a growing gap in their product line.

Similar to Bitcoin and other virtual currencies powered by blockchain technology, «smart contracts» have the potential to eliminate the need for trusted third parties to facilitate transactions.

The Federal Ministry of Finances has issued a report after the German federal authority published its verdict exempting purchases paid for by Bitcoin and other virtual currencies from taxation.