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[DowBit]

Cryptocurrency news – October 16

Dowbit.com is an international information service about cryptocurrencies.

1. Residence in Notting Hill only for Bitcoin
2. Russia will issue ‘CryptoRuble’
3. South Korea will impose Bitcoin tax

1. Buyers wishing to purchase a residence in Notting Hill will have to be in hold of Bitcoins. The six-storey residence near Portobello Road is worth £17 million and will soon be available for sale. You will only be able to purchase it with Bitcoins. Most probably it is the first offer of this kind in London. More: https://dowbit.com/residence-in-notting ... r-bitcoin/

2. Recently, we’ve received various statements from Russian government. Both president Vladimir Putin and Russian Central Bank have issued statements on cryptocurrencies. Both of them were strongly skeptical about cryptocurrency development in Russia. Today we know that those words announced action, which can jumpstart the idea of national cryptocurrencies. However, the idea has taken a different turn than expected. More: https://dowbit.com/russa-will-issue-cryptoruble/

3. According to South Korean National Tax Service, authorities have discussed the possibilities of Bitcoin tax. Han Seung-Hee, commissioner of the National Tax Service proposed to lawmakers how to tax cryptocurrencies. Most likely, not only Bitcoin will be taxed but all cryptocurrencies. More: https://dowbit.com/south-korea-will-impose-bitcoin-tax/

See you tomorrow!

[DowBit]

Cryptocurrency news – October 17

Dowbit.com is an international information service about cryptocurrencies. 

1) Lisk – smart money or a nail to the coffin?
2) Will China accept Bitcoin again?
3) IBM along with KlickEx and Stellar are creating a universal payment system
4) SEC Representative: Bitcoin bubble is real

1) Many people got interested in the Lisk project due to the upcoming rebranding, which was supposed to take place in September. In the past, when other cryptocurrencies were rebranding, their value would rise even by a few hundred percent in a very short period of time. This is one of the reasons why there was a significant inflow of new capital into Lisk, which made its price shoot up by over 300%. More: https://dowbit.com/lisk-smart-money-or- ... he-coffin/

2) Undoubtedly, Chinese officials find it hard to accept Bitcoin and cryptocurrencies. There is no need to remind how drastic were the ICO and cryptocurrency exchange bans. We all remember how Bitcoin dropped from almost $5000 to $3100 as a result of Chinese regulations. However, there is still a chance that China will accept Bitcoin again. More: https://dowbit.com/will-china-accept-bitcoin-again/

3) IBM and KlickEx have announced that Stellar, a nonprofit organisation supporting an open source blockchain network, is a key element of a “new international payment solution”. IBM is already calling a group of large partner banks to take further initiatives in what is called the first public use of blockchain to facilitate international payments. Among the members there are National Australia Bank, TD Bank and Wizdraw (HK) of WorldCom Finance. More: https://dowbit.com/ibm-along-with-klick ... nt-system/

4) Among SEC representatives, Bitcoin is a very delicate discussion topic which can raise multiple controversies. This time, usual SEC’s Investor Advisory Committee meeting has turned into explosive dialogue. The tension was caused by one representative saying that Bitcoin bubble is real. More: https://dowbit.com/sec-committee-bitcoi ... e-is-real/

See you tomorrow!

[DowBit]

Cryptocurrency news – November 2

Dowbit.com is an international information service about cryptocurrencies.

1. Amazon buys cryptocurrency-connected domains
2. Bitcoin Cash hard fork – yet another unnecessary split?
3. BitPay will halt deposits and withdrawals before SegWit2x
4. Ron Paul defends Bitcoin from US government

1. Amazon is always a hot topic among cryptomaniacs. This time, however, it’s not about Bitcoin payment availability. Most probably, Amazon wants to protects its brand. This might be the reason why the company bought domains such as amazonethereum.com, amazoncryptocurreny and amazoncryptocurrencies.com. More: https://dowbit.com/amazon-buys-cryptocu ... d-domains/

2. One fork isn’t equal to other. Lately we’ve witnessed various types of hard forks. Bitcoin holders had the possibility to get ‘free’ coins which took form of Bitcoin Cash and Gold. In the meantime, Ethereum experienced implementation of crucial changes (Byzantium) without creating new cryptocurrency. What will happen on the 13th of November, when Bitcoin Cash hard fork is planned? More: https://dowbit.com/bitcoin-cash-hard-fork/

3. On a post on their blog, BitPay has announced that it will support the chain that has the bigger difficulty after the fork. According to them, lots of users of the exchange support Segwit2x but there are also some that do not, and according to the post, this decision was taken in order to guarantee the safety and security of the users and their assets. Furthermore, BitPay has announced that it will halt all deposit and withdraw transactions 24 hours prior to the fork. More: https://dowbit.com/bitpay-will-halt-dep ... -segwit2x/

4. Ron Paul, the Republican two-time Presidential candidate said that “Government should keep their nose out of bitcoin and allow competing currencies to thrive”. He admitted that government interest in cryptocurrencies made him ‘a little bit nervous’ and warned others to be more cautious. More: https://dowbit.com/ron-paul-defends-bit ... overnment/

See you tomorrow!

[DowBit]

Cryptocurrency news – November 6

Dowbit.com is an international information service about cryptocurrencies.

1. Ukraine works on cryptocurrency tax exempt
2. Is it the end of fiat money? Deutsche Bank strategist says so
3. You can buy Bjork’s new album using cryptocurrencies
4. Coinbase welcomes 100,000 new users!

1. Ukrainian parliament has put together a bill which will allow to change Ukrainian Tax Code and create a tax exempt from all cryptocurrency transactions, including mining, purchasing and selling them. The president of Ukrainian Parliament Taxation and Customs Policy Commission, Nina Yuzhanina, has submitted to the parliament a bill in regard to cryptocurrencies and its derivatives. More: https://dowbit.com/ukraine-works-on-cry ... ax-exempt/

2. Fiat money has disappointed us a few times already, causing the need for change. Jim Reid, the strategist from Deutsche Bank, wrote a paper that suggests fiat money will disappear from our economy, but it’s yet to be established what will be a replacement for it. He argues that it might be possibly replaced by cryptocurrencies. More: https://dowbit.com/is-is-the-end-of-fia ... t-says-so/

3. Bjork, an Icelandic artist, is a well-known persona in the music world. Her music and performances are reverberating in all corners of the world, especially since the artist has been on stage for more than 30 years. She’s known for breaking many artistic barriers, creativity… and this time Bjork will be also known for the first music album which can be purchased also via cryptocurrencies. More: https://dowbit.com/bjork-buy-new-album- ... urrencies/

4. After CME Group has announced its plans to introduce derivatives based on Bitcoin, within 24 hours the biggest US cryptocurrency exchange, Coinbase, has reached the record number of new users – over 100,000 new users have registered since CME made its announcement. Such radical growth of a number of users wasn’t caused by CME announcement only. October, in contrast to previous months, was marked by the considerable growth of cryptocurrency market value. More: https://dowbit.com/coinbase-welcomes-100000-new-users/

See you tomorrow!