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Bitcoin Faces Drop to $7K as Bull Defense Crumbles

Bitcoin (BTC) is trading on the defensive today, having dropped 16 percent over the last three days. As of writing, BTC is changing hands at $7,270 on Bitfinex, down 6.5 percent in the last 24 hours, and could extend the slide further to $7,000 in the next 24 hours.

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Indian Government Considering 18% Retroactive Tax on Crypto Trading…

The government of India is reportedly considering levying a type of consumption tax on cryptocurrency trading and even mining. The most grievous part of this proposal is that it may also be a retroactive measure, demanding payments for past actions.

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Moon Missions and Custom Wallets: Bitcoin Community Celebrates Pizz…

On May 22, the bitcoin community celebrated the second most important date in its calendar. No other date, save for January 3, 2009 when Satoshi mined the genesis block, is more symbolic. It was on May 22, 2010 that Laszlo Hanyecz purchased two pizzas for 10,000 BTC. Eight years on, the occasion has become part of bitcoin’s mythology.

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Roger Ver and Ryan X. Charles Reveal the Future of Cash

The Four Seasons Hotel Hong Kong (香港四季酒店) in the city’s financial center is this week’s spot for Roger Ver’s weekly video update, a project started just about a month ago. He’s joined at the five-star retreat for the episode by Ryan X.  

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Walmart Looks to Blockchain for Retail Product Resales

A new patent application from retail giant Walmart shows how blockchain could be used to augment its digital offerings for consumers.

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Move 'Em Out: ICOs Don't Seem So Scary Outside the US

ICO issuers are starting to look to jurisdictions outside the U.S. to set up shop. In an environment of regulatory uncertainty, where the U.S. Securities and Exchange Commission (SEC) has begun investigating ICOs and the industry surrounding the capital raising technology but has yet to make a formal decision of how it will regulate crypto tokens, issuers and other stakeholders are finding…

Bitcoin Cash Fork Leaves Users Behind, But Does It Matter?

Bitcoin cash now has 32MB blocks and smart contract functionality. The controversial hard fork of bitcoin hard forked again several days ago in an effort to add new functionality to the cryptocurrency protocol and further differentiate it from its predecessor. But in the process - executing at block 530350 - a portion of the bitcoin cash community was left behind.

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US Government Launches Scam Crypto Site

In an effort to get ahead of the next round of scams, the US Securities and Exchange Commission (SEC) created and published its own version of an initial coin offering (ICO) scam website. It’s a rather innovative way at approaching investor education in the brave new world of cryptocurrency.

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World’s Second Largest Search Engine Bans Crypto Ads

Melissa Alsoszatai-Petheo, of Microsoft’s Bing search engine, announced its advertising arm is banning all cryptocurrency advertisements. This follows market leaders such as Google, Facebook, and Twitter either severely restricting crypto ads or banning them altogether.

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