bitcoin

Twitter gears up to ban most cryptocurrency ads

Twitter gears up to ban most cryptocurrency ads

Earlier this month, Twitter announced its plans to begin cracking down on cryptocurrency spam accounts. If you're a regular Twitter user, you've likely encountered them before: accounts that exist for no other reason than to part gullible people from their cryptocurrency. As it turns out, that isn't the only thing Twitter is going to do to cut back on the amount of cryptocurrency spam on its platform, as it will soon be restricting certain ads as well.

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Venezuela Petro cryptocurrency use blocked by White House

Venezuela Petro cryptocurrency use blocked by White House

The White House has officially banned the use of Venezuela's state cryptocurrency "Petro." An executive order on the matter was signed by Trump today, and in it the White House dictates that all US persons, including permanent residents and entities, are prohibited from buying or otherwise dealing in the cryptocurrency. The move follows Venezuela's recent launch of the digital currency, an action that violates recent US sanctions.

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Bitcoin mining banned in NY’s Plattsburgh over electricity usage

Bitcoin mining banned in NY’s Plattsburgh over electricity usage

Mining bitcoin and other cryptocurrency requires a huge amount of electricity, and that's a problem for modern day prospectors in search of a fortune. Mining operations have popped up in New York's Plattsburgh, a small city with incredibly cheap electricity rates due to its proximity to a hydroelectric dam. Mining operations have gravitated to the city to take advantage of its cheap rates, but that has proven to be a big problem for the small city.

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Bitcoin taxes: A terrifying story about the basics

Bitcoin taxes: A terrifying story about the basics

For tax collectors at the IRS, bitcoin season is upon us. Today we're taking a peek at the most basic elements - the need-to-know parts - of taxes in the United States when it comes to bitcoins and other cryptocurrencies. As one Redditor found out recently, taxes on crypto could be simple - or they could be absolutely terrifyingly bad to behold. OF NOTE: None of what we present here should be taken as financial advice, as we are not accountants - all users should seek professional help (especially if they're frequent readers of articles here on SlashGear.)

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Bitcoin price tumbles at Google Ads ban

Bitcoin price tumbles at Google Ads ban

This week Google announced they'd be banning all cryptocurrency and Initial Coin Offering (ICO) advertisements. This is Google Ads, a system within Google much like Facebook's similar advertisement sales system. Facebook banned cryptocurrency advertisement buys in January of 2018. This block came as part of Google's annual "Bad Ads" report and included several other sorts of advertisements that'll be banned in the near future.

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Bitcoin price dribbles at $9k at Gox update

Bitcoin price dribbles at $9k at Gox update

This week the Bitcoin market stuck in around $9k just after reaching down to $7k less than a week ago. Back at the tail end of February, Bitcoin price in USDT hit above $11k, and promptly fell to 10, 9, and 7 over the next week. Now we're seeing a bit of news that'll likely lead to a new rally.

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Bitcoin price in a decade: As called by Harvard economist

Bitcoin price in a decade: As called by Harvard economist

Bitcoin prices might be sweet in the short term, but Harvard economist professor Kenneth Rogoff has an ill prediction for the next decade. Speaking in an interview this week, Rogoff suggested that in the next decade, Bitcoin will probably be worth only a small fraction of what it's worth today. As of publishing time for this article, Bitcoin sits at around $10k per coin.

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Bitcoin price given clout in US Government auctions

Bitcoin price given clout in US Government auctions

Over the past half-decade, the United States Department of Justice has been holding Bitcoin auctions. These auctions took place in a manner not entirely unlike what most people know as Police Auctions. Once a criminal is apprehended, charged, found guilty, and sentenced for a crime, their assets are (potentially) up for forfeit. In selling these Bitcoin lots, the United States government has instilled legitimacy in their worth, time and time again.

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Bitcoin price untouched as Trump sends stock market tumbling

Bitcoin price untouched as Trump sends stock market tumbling

Over the past 24 hours the stock market's fallen sharply while Bitcoin price seems to be sticking to its guns. The DOW has "plunged" over the past three days around 1,000 points over the past two days, falling especially sharply a moment after Donald Trump made comments about adding trade tariffs to steel and aluminum. Bitcoin prices stayed steady this morning, too, as Trump said that "trade wars are good" and "easy to win."

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Bitcoin price to go 2x by midyear says Wall Street’s Tom Lee

Bitcoin price to go 2x by midyear says Wall Street’s Tom Lee

Historical trends and a selection of top-level company announcements of late will bolster Bitcoin prices by mid-year. That's what Fundstrat's Tom Lee expects, anyway. Lee's expectation for the price of USDT per Bitcoin was right up around $20,000. Lee also suggested that the climb will cool off by the end of the year, where he projected the price of Bitcoin would sit closer to $25k.

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Poloniex down: It’s not just you

Poloniex down: It’s not just you

This afternoon Poloniex was rendered unreachable in the mid afternoon for users around the world. This downtime began at approximately 2:30 PM Central Time and is still in effect as this article goes life. Users first experienced server issues that allowed the Poloniex site graphics to load, but nothing else - then it went straight to HTTP ERROR 500.

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Woz says someone stole 7 of his Bitcoins

Woz says someone stole 7 of his Bitcoins

Speaking about cryptocurrency this week, Steve Wozniak revealed a tidbit about his personal experience with Bitcoin. At an economic event, Woz spoke about the power of Bitcoin and the future of cryptocurrencies in general. In one particularly interesting - albeit short - story, Woz told of the time when he sold a few bitcoins to a buyer who payed with a credit card. That was his first mistake.

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