Bitcoin News and Finance: What You Need to Know

U.S. crypto tax compliance startup Taxbit has raised $100 million in a Series A funding round led by investment firms Paradigm and Tiger Global. Paypal Ventures, Coinbase Ventures, and others including Bill Ackman, Ryan Smith, and Anthony Pompliano also joined the round. Taxbit chief executive officer Austin Woodward said the funds will be invested in the company’s enterprise tools as well as used to expand into Europe this year, with the U.K. as the first port of call. “One of the greatest financial innovations and disruptions of the last century, cryptocurrency, should not be weighed down by the complexities of tax and accounting,” Woodward said in a March 3 blog post . “Our products are removing some of the largest roadblocks of this emerging asset class. With the support of Paradigm, Tiger Global … we are excited to continue to scale world-class tax and accounting products so that cryptocurrency can continue to thrive among enterprises, consumers, and governments,” he added. F

Satoshi Nakamoto, the creator of Bitcoin, has always been a mysterious character and a great number of sleuths have made it their mission to discover the inventor’s identity. One particular theory was published this month which attempts to tether the well known and now deceased, Len Sassaman to the creation of the first cryptocurrency. Moreover, coincidently two months before Sassaman passed away, Satoshi Nakamoto left the community saying; “I’ve moved on to other things and probably won’t be around in the future.” Len Sassaman, Anonymous Remailers, and Bitcoin’s Creator During the last decade, many detectives and journalists have tried to uncover the secret behind Satoshi Nakamoto’s identity. News.Bitcoin.com has published a total of 11 articles tied to our “Many Facts” Satoshi series . The last three “Many Facts” Satoshi series suspects were Chainlink’s Sergey Nazarov , the famed American economist and mathematician John Nash , and the 48-year old former programmer and criminal c

Renowned investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, now regrets not buying bitcoin. However, he is still worried that governments can outlaw bitcoin if it becomes a viable currency. Jim Rogers’ Bitcoin Regret Jim Rogers said in an interview with Real Vision this week that he wished he had bought bitcoin years ago. Rogers is George Soros’ former business partner and the co-founder of the Quantum Fund and Soros Fund Management. He believes that bonds are in a bubble and expects the prices of gold and silver to skyrocket. As for bitcoin, he said: I wish I had bought bitcoin. I will point out that many cryptocurrencies have already disappeared and gone to zero. We all hear about bitcoin. We don’t hear about the dozens that don’t exist anymore. The price of bitcoin has surged about 54% this year, 612% since the beginning of last year, and 1,152% since the start of 2019. Surpassing previous all-time highs multiple times this year, the

Billionaire investor and Shark Tank star Mark Cuban, once a bitcoin skeptic who preferred bananas to the cryptocurrency, now sees utility in bitcoin. He has made a case that bitcoin is better than gold, telling gold bug Peter Schiff to “move on” because “gold is dead.” Mark Cuban Says Gold Is Dead, Peter Schiff Should Move On The owner of the National Basketball Association (NBA) team Dallas Mavericks, Mark Cuban, has argued that bitcoin is better than gold in response to Peter Schiff’s comments about the cryptocurrency. Schiff tweeted this week: “Congratulations to those who bought bitcoin early, pumped up the price, and who’ve been dumping into the hype. You succeeded in getting Wall Street to buy into the mania. When I first learned about bitcoin I didn’t think smart investors would be dumb enough to buy. I was wrong.” Cuban responded: Let me help Peter. Gold is hyped as much as crypto. Do we really need gold jewelry? Gold can make you a ring. BTC / ETH are technologies that

Crypto merchant service provider Bitpay has added dogecoin to its list of supported cryptocurrencies. One of its merchants, the Mark Cuban-owned Dallas Mavericks has become the first in the network to accept the meme coin. Meanwhile, a major crypto ATM operator Coinflip has made dogecoin available for purchase at its 1,800 crypto ATMs nationwide. Dogecoin Added to Bitpay’s List of Supported Cryptocurrencies In an official announcement Thursday, the cryptocurrency merchant service provider detailed: [Bitpay] today announced the rollout of dogecoin payments for merchants and consumers. Dogecoin was started as an internet meme. However, it has grown to a near $10 billion market cap in recent months due to support from celebrities such as Tesla and Spacex CEO Elon Musk, Snoop Dogg, Gene Simmons, and Kevin Jonas. Bitpay further revealed that “An early adopter of cryptocurrency, the Dallas Mavericks will be the first to accept dogecoin.” The Mark Cuban-owned team has been accepting b

As a relatively new technology, most people have a lot to learn about blockchain. But not everyone is happy to admit that they don’t know or understand how it works. Shae Wang is not one of those people. With her background in statistics and engineering, Shae had spent a number of years in data science … Continued The post Ripple’s Women in Blockchain: Shae Wang on Bringing Data Science to Blockchain appeared first on Ripple. http://dlvr.it/RtzLs1

The Thai financial watchdog has reportedly retreated from its initial controversial crypto rule proposal. Citing the country’s Securities and Exchange Commission (SEC), a local media outlet stated that public criticism was significant regarding the matter. People ‘Misunderstood’ Minimum Annual Income Rule, Claims the SEC According to the Bangkok Post , the Thai SEC is retracting from its plan to supposedly require crypto investors to have a minimum annual income of over one million baht ($33,000). The proposed measure sparked controversy, as the amount is well above the national income average. In fact, the Thai financial regulator claimed that the initial proposal was published just to “test public sentiment from stakeholders.” The results of the test have ignited “a huge wave of public criticism,” said the SEC. Ruenvadee Suwanmongkol, secretary-general of the SEC, confirmed the testing’s purpose of the initial draft: I proposed the criteria that many considered too tough to pr

Original artwork crafted by the pseudonymous England-based street artist and political activist Banksy has been burned in order to turn the art into a non-fungible token (NFT). The screenprint was one of only 500 made and was authenticated by Banksy’s verification company Pest Control. The burning was a symbolic message of turning a rare piece of physical artwork into a non-fungible digital collector’s item. Burning a Banksy ‘Morons’ Print In February a Twitter account appeared on social media with the name @burntbanksy , which consists of a group of art and non-fungible token (NFT) enthusiasts. The group of collectors and investors announced that on March 2, 2021, the group would be burning the artwork created by the iconic street artist Banksy. The England-based artist and well known political activist, Banksy is one of the most popular graffiti artists today with his unique street art commentary and stenciling technique. The Burnt Banksy team decided they would be destroying a

Top-selling non-fungible token (NFT) artist Bosslogic has partnered with art collective Ether nity to deliver a 2500 piece collection of unique art. The Ethernity Chain community members can take part in an NFT auction via an online competition. Bosslogic Collaboration Decision Dovetails Surging Crypto Collectible Sales Following his recent successes in the non-fungible token (NFT) space, acclaimed artist Bosslogic has joined forces with socially-oriented NFT-issuance platform Ethernity Chain. Ethernity auctions authenticated digital art and collectibles, with proceeds benefiting various social causes while building more mainstream attention around digital art possibilities. Bosslogic has long been a fixture in art and design thanks to his acclaimed work with organizations like Marvel Studios and Disney+, among many others. His loyal following extends well beyond the crypto sphere, given his widespread popularity in the Marvel Cinematic Universe (MCU) community. A recent poster for

According to reports, Grayscale added 174,000 tokens to its litecoin holdings in the past month. This haul pushed its total holdings of the altcoin to 1.44 million. Following this acquisition, which represents 80% of all litecoin that were mined in the past month, the total value of Grayscale’s holdings of the altcoin is now just over $248 million. However, following the large acquisition by Grayscale Investments, LTC ’s price movement appears to be unrelated to changing supply dynamics. For instance, Messari data shows that the altcoin only went above the $200 mark between February 12 and 22. However, since then the price has returned to levels below $200 with February 25 being the only exception. At the time of writing, the token was trading at just above $190. In the meantime, on Twitter, some users are questioning the altcoin’s failure to pump following Grayscale’s massive buying. For instance, one Twitter user, Carolyn Bamberger asks why the price has not pumped. In response,

PRESS RELEASE. Pastel Network , the first truly decentralized and scalable blockchain project designed specifically for rare digital art, has officially announced its pending listing on Bitcoin.com Exchange , scheduled for March 5th, 2021. Pastel Network is a blockchain for rare digital art (also known as “NFTs”) that is built on the secure, battle-tested codebases of the Bitcoin, Dash, and ZCash cryptocurrency projects. Pastel introduces several important innovations to the world of blockchain art, such as the decentralized storage of art image files natively in the network, as well as a decentralized validation process for registering new artworks that prevents near-duplicate images from being added to the system. Pastel’s novel near-duplicate detection algorithm is based on robust image fingerprints that are generated using state-of-the-art deep learning image models and introduces a new form of digital scarcity which makes pixel patterns themselves “rare”. Pastel takes a differe

In the summer of 2019, our newsdesk published a step-by-step guide on how to create a non-fungible token (NFT) asset by leveraging the Simple Ledger Protocol built on top of the Bitcoin Cash blockchain. The following guide is an updated walkthrough on the process of creating an NFT collectible using the blockchain network with artwork uploaded to the Inter-Planetary File System (IPFS). How to Create an SLP-Based Non-Fungible Token Using the Electron Cash Wallet Non-fungible token (NFT) assets have become all the rage in 2020 and into the new year. In 2021, NFT sellers have sold millions of dollars worth of NFT artwork and collectibles. NFT solutions have been prominent on the ETH chain, even though the process was first popularized on the BTC chain with the original Rare Pepe collection . Token solutions and NFTs have also spread to other blockchain networks and back in 2019, news.Bitcoin.com published a walkthrough on how to leverage the Simple Ledger Protocol (SLP) in order