New Jersey lawmakers are reviewing a bill regarding regulations for blockchain-powered businesses and companies involved in digital assets such as bitcoin. Implemented by Dtate Senate Democrat, Nellie Pou, the Digital Asset and Blockchain Technology Act sets rigorous licensing criteria for companies in the blockchain and cryptocurrency space. The bill proposes
Lebanon’s central bank announced that it plans to develop a new digital currency in 2021 to explore the potential uses of a CBDC for the economic and financial situation in the country. Central bank governor Riad Salameh outlined that the core benefit of this project is to facilitate the
If you are wondering can bitcoin crash, there is a lot of information to consider. In its early days, bitcoin prices were extremely volatile. While the market for bitcoin was global, it was a thinly traded asset, as it didn't have a deep market to rely on for
With all the new buyers of bitcoin, people are asking can bitcoin reach 100k? Because bitcoin is freely traded on the global markets, it could hit any price. In 2007 bitcoin rose from $1,000 to nearly $20,000. If we apply the same amount of appreciation from current levels,
There are some countries where bitcoin is banned. So can bitcoin be banned? Yes, a government can make the use of bitcoin illegal. Governments can also make trading cryptos illegal, and outlaw the operation of exchanges in a country. The fact that bitcoin is a global network that is supported
Can bitcoin be hacked? This is a broad question, and there are many places where hackers can enter the internet, and gain bitcoin by stealing it. The actual bitcoin blockchain is very difficult to hack, as the cryptography that is used would take a tremendous amount of power to actually
With all the interest in cryptos, many people want to know can bitcoin make you rich? Of course, there is no easy answer to this question, and it might be worth talking about what 'rich' means. While Bitcoin has gone up by a substantial amount over the past
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If you want to know can bitcoin be converted to cash, there is a lot of good information here for you. In most nations, bitcoin is easy to turn into physical currency. There are a few different ways to make the exchange, and the way you do it will vary
Many people want to know can bitcoin be traced. The simple fact is that it can, but the details are nuanced. Bitcoin is a public blockchain, which means that technical know-how can look at every transaction that has ever taken place on the blockchain. That means that Bitcoin transactions can
Crypto financial firm Amber Group has agreed to a partnership with BitGo Trust, the custodial arm of the security-based Palo Alto firm, in new institutional services for its customers. The motive behind Amber's decision partly came from BitGo's $100 million in Lloyd's of London-funded
A new analysis published on Monday reveals the US Federal Reserve has extended its digital currency (CBDC) study. The research is focused on the possible effect of a digital dollar on commercial banking and currency policy in a study entitled "Centralized Bank for Digital Currency: A Literature Review”. It
The major U.S. affiliate of Binance digital currency exchange - Binance.US - announced a partnership with Silvergate Exchange Network (SEN), a 24/7 instant settlement platform created by leading financial services provider Silvergate. Binance.US CEO Catherine Coley expects the API integrations with SEN to be, “a huge
Do you need to know more about are bitcoin transactions anonymous? The anonymity of bitcoin transactions might seem like a simple question, but it is a little bit complex. At the most basic level, a bitcoin transaction is totally anonymous because the only information that is recorded on bitcoin'
Are bitcoin wallets traceable? Yes, bitcoin wallets are totally traceable. Bitcoin's blockchain is open to anyone, and this is part of why it is such a great system. Bitcoin is anonymous in the sense that transaction take place between two wallets, and there are no names associated with
It may be important to know are bitcoin transactions traceable? Bitcoin's blockchain is 100% public and can be inspected by anyone who knows how to do it. This means that bitcoin transaction are traceable, but it takes some skill to do so. A bitcoin wallet creates a unique
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It is very important to understand are bitcoin profits taxable? The short answer is, probably, yes. Most tax authorities where bitcoin is legal treat it as an asset, much like gold or a collectible. This means that you will have to pay taxes on any gains you make if you