Wen Lambo fixed? Mechanic receives first payment in Bitcoin to mend Lamborghini

When a Lamborghini owner didn’t have cash on them to pay for their repair job, they used Bitcoin to pay Kansas City welder JayFab.

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Sweden’s Government Forced to Pay Jailed Drug Dealer $1.5M in Bitcoin

Authorities are being forced to pay the man 33 BTC, around $1.5 million, after his illegally obtained bitcoin appreciated while behind bars. The post Sweden’s Government Forced to Pay Jailed Drug Dealer $1.5M in Bitcoin appeared first on BeInCrypto.

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Quiznos now allow customers to pay for meals in Bitcoin

Many in the crypto industry have been dreaming for years about being able to pay their way throughout the day with Bitcoin (BTC/USD), which may include using it for simple things like buying a meal, shopping for groceries, paying bills, and alike.

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Denver: Quiznos Restaurant Customers Can Now Pay in Bitcoin (BTC) Courtesy of Bakkt Partnership

Bitcoin adoption continues to gain traction as a new partnership between Bakkt and Quiznos allows users to pay in BTC for meals at certain locations in the US. Pay For Your Meal with Bitcoin According to a press release issued on August 3, digital asset marketplace Bakkt has collaborated with Denver-based chain restaurant Quiznos toRead More

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Despite no laws, Indian minister says traders must pay taxes on Bitcoin

An official from India’s ministry of finance said Monday that all gains from trading cryptocurrencies like Bitcoin were liable to income tax, as per a report on markets outlet Financial Express. The post Despite no laws, Indian minister says traders must pay taxes on Bitcoin appeared first on CryptoSlate.

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Major Swiss health insurance company now accepts crypto payments

Policyholders can pay in either Bitcoin or Ether through Bitcoin Suisse.

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Bitcoin app Bottle Pay halts ops over EU money laundering laws

Bottle Pay, a social media tipping site based on Bitcoin, announced the company's shutdown on December 13 due to new EU guidelines. Launched in June 2019, the company shut down barely three months aftThe post Bitcoin app Bottle Pay halts ops over EU money laundering laws appeared first on AMBCrypto.

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This Canadian town is letting residents pay taxes in Bitcoin

A small town in Canada, just north of Toronto, is joining Ohio in providing its citizens with an option to pay some taxes in cryptocurrency – Bitcoin, to be exact. The town of Innisfil will begin accepting Bitcoin as payment for property taxes in April, local news outlet Simcoe.

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Users Report Twitch’s Option to Pay in Crypto Is Gone

The crypto community on the streaming platform Twitch is currently in arms as their options to pay in bitcoin (BTC) and bitcoin cash (BCH) has seemingly disappeared. This was first brought to light after a Reddit user reported it on March 23, 2019.

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Although Online Shoppers Still Reluctant to Pay with Bitcoin, Consumer Behavior is Potentially Changing

Recent data shows that Bitcoin adoption has increased by over 700 percent over the past 6 years worldwide, according to Bitcoin directory service provider Coinma. In contrast, an older survey shows that online shoppers are still reluctant to pay using cryptocurrency, but trends indicate that this could be changing.

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Overstock To Pay Taxes in Bitcoin

No one likes taxes, but at least now you won’t have to cash out to pay them. Overstock. com has recently announced its intention to pay some of its state business taxes in Bitcoin, using the newly-announced government platform for crypto payments.

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Overstock Wants to Pay its Ohio Business Tax in Bitcoin

Online retailer Overstock announced it would pay a part of its Ohio state business tax using bitcoin, making it the first company to use Ohio’s crypto tax portal, Fortune reported on January 3, 2019.

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Man in Singapore Uses Ethereum [ETH] to Pay $42,000 for a Car

David Lau, a business development manager, based in Singapore made a first-of-its-kind payment at a car dealership with Ethereum. The 27-year-old man paid half the cost of his $84,000 Honda Vezel using the digital currency Ethereum.

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Overstock Becomes the First Major US Company to Pay Business Tax in Bitcoin

The cryptocurrency-friendly company Overstock. com announced on Thursday that company will be paying part of its business taxes to the state of Ohio using bitcoin. Overstock will use the state’s Ohiocrypto.

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Crypto Adoption: Pro-Blockchain Overstock Pays Taxes In Bitcoin (BTC)

Overstock Pays Business Taxes In Bitcoin According to a press release from Overstock. com’s Investor portal, the Salt Lake City-headquartered online retailer and blockchain technology startup will begin to pay its business taxes with Bitcoin (BTC).

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San Francisco’s “Bitcoin Mafia”: How Bitcoin Started in the City on the Bay

The early Bitcoin community in San Francisco was originally comprised of revolutionaries: Individuals who believed in the freedom and opportunity that a permissionless distributed system would bring the world.

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US Retail Giant Overstock to Use Bitcoin to Pay Its Taxes in Ohio

U.S. online retail giant Overstock.com takes advantage of new Ohio initiative, plans to pay taxes in Bitcoin

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Overstock To Pay Ohio Business Taxes In Bitcoin

Overstock continues its trek into the cryptospace, becoming perhaps the first US company to pay business taxes in bitcoin.

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Overstock Ready to Pay for Ohio State Business Taxes Using Bitcoin as Payment

Overstock is going to become the first company in the United States to pay its taxes using Bitcoin (BTC), the largest virtual currency in the matter. The information was released on January 3 by the company in a press release.

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Overstock Will Pay Some of Its 2019 Taxes in Bitcoin

Overstock.com plans to be the first major business to pay state taxes using bitcoin in Ohio.

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Why Ohio’s State Treasurer Backs Decision to Accept BTC For Tax Payments

As tax season is rapidly approaching, some states, like Ohio, have decided to set a new standard for the rest of the country to follow. Back in November, Ohio became the first state in the U.

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Hackers Threaten to release Classified documents on 9/11 attacks If Not Paid Demanded Ransom in Bitcoin

An adversarial threat group known as The Dark Overlord has threatened to release sensitive documents that reveal the truth about the 9/11 incident unless those who are potentially affected pay them an unspecified ransom in Bitcoin.

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Phillip Frost Agrees to Settle Riot Blockchain Related Case for $5.5 Million

Riot Blockchain, Inc. replaced its CEO in September after the SEC charged him in connection with a fraudulent $27 million pump and dump scheme. Now another person involved in that case, biotech billionaire Phillip Frost, has agreed to pay $5.

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Blockchain Analysis Is About to Get Harder as P2EP Enters Testing Phase

Yet another tool is being added to Bitcoin’s growing number of privacy solutions. Thought up at a brainstorming event attended by Bitcoin developers and privacy researchers last summer, Pay to Endpoint (P2EP) is a relatively new trick that utilizes the well-known CoinJoin mixing technique to make blockchain analysis much harder.

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Skeptical Payoneer CEO Dismisses Idea of Single Currency Like Bitcoin as Unrealistic

Payoneer chief executive officer Scott Galit has dismissed the idea of a single global currency like bitcoin as unrealistic. Galit argued that he doesn’t believe countries like the U. S. will ever allow citizens to pay taxes in bitcoin because of too much volatility in the price of the cryptocurrency.

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Wine Retailer to Buy Majority Stake in Japanese Bitcoin Exchange for $30M

Madison Holdings Group Ltd. has agreed to buy 67. 2 percent of Japanese cryptocurrency exchange Bitocean for 1. 68 billion yen ($15. 12 million). Inclusive of fees, the wines and alcoholic beverages company will pay a total $30.

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End of year crypto roundup: How did Ripple perform in 2018?

If anyone said that banks and cryptocurrencies are natural enemies and can never work together — Ripple was out there to prove them wrong! Unlike Bitcoin — which is aimed at performing like regular currencies and be used to pay for goods and services  — Ripple is a real-time payment settling and remittance system for banks and other payment networks.

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Feed 7 Different Species at the River Forest Farm’s ‘Bitcoin Cash Zoo’

Back in October, members of the Bitcoin Cash (BCH) community discussed feeding chickens with mealworms over the internet from remote locations using BCH microtransactions. Now BCH users can provide food for horses, baby goats, roosters and more using River Forest Farm’s livestream and pay for feed using bitcoin cash.

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Brazilian Supermarket Oasis Supermercados Chain now Accepts Bitcoin Payments

Oasis Supermercados, a supermarket chain set in the Brazilian state of Rio de Janeiro, has started to accept crypto payments recently. You can pay the company with Bitcoin (BTC), Bitcoin Cash (BCH) and Litecoin (LTC).

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Bakkt Bitcoin-Settled Futures Set To Be Approved in Early 2019

Bakkt, a platform for the first-ever Bitcoin-settled futures contract, is expected to be approved by the United States Commodity Futures Trading Commission (CFTC), according to the Wall Street Journal.

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Bakkt Bitcoin Futures Likely to Get the Regulatory Approval in Early 2019

CoinSpeaker Bakkt Bitcoin Futures Likely to Get the Regulatory Approval in Early 2019 Intercontinental Exchange Inc is working on the first Bitcoin futures that pay out in cryptocurrency.

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Pan-African Bitcoin Exchange Kubitx Goes Live, Launches OTC Wallet

Kubitx, a pan-African digital asset exchange, went live on Dec. 20 after completing its beta test. The Malta-registered trading platform has also released what it calls a “hybrid over-the-counter (OTC) wallet” allowing users to buy and sell cryptocurrencies including BTC and BCH as well as to pay bills.

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British Revenue and Customs Agency Clarifies Law on Crypto Taxes

The British government has recently released a policy paper clarifying the tax laws on crypto assets. This fairly straightforward document was released on Her Majesty’s Revenue and Customs’ (HRMC) website, holding a sundry list of important crypto space terms, the relevant tax codes and points of intersection between the two.

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Unbanked Iranian University Students Turn to Bitcoin to Pay Tuition

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The Daily: Coinbase to Pay Users for Learning, Okex Launches Instant Messaging Service

In today’s edition of The Daily we feature a number of recent developments by popular cryptocurrency exchanges. These include an educational platform by Coinbase, a communication tool for OTC traders from Okex, an important ticker update by Coinex, and an investment by ZB.

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UK Investors to Pay Capital Gains and Income Tax on Bitcoin Investments

The U. K. government has said that individual investors will be liable to pay capital gains tax each time they sell crypto assets such as BTC for profit. In new taxation guidelines published Dec.

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Ledger Will Accept Customer Payments With Crypto.com Pay

Ccustomers will easily be able to pay for the products of their choice using the cryptocurrency they want. Ccustomers will easily be able to pay for the products of their choice using the cryptocurrency they want.

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Bitcoin extortionists threaten victims with ‘hitman’ unless they cough up $4K

Cryptocurrency scams are getting more old-school with every week that passes. Hacks seem to be too difficult these days and old-fashioned threats are becoming the way of the crypto-criminal. According to emails seen by Bleeping Computer, scammers are now threatening victims with a hitman if they don’t pay $4,000 in Bitcoin to call off the hit.

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Blockstream Satellites Now Cover Asia Pacific, Send Messages With Lightning

While most crypto investors are shooting for the moon, Blockstream is focused on things a bit closer to Earth: in the outermost layer of its atmosphere, to be exact.

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ICO Scam: AriseBank and its Founders to Refund Investors $2.7 Million

The United States Securities and Exchange Commission (SEC) has won a prolonged court battle against the AriseBank blockchain project which organized a fraudulent initial coin offering (ICO) that claimed to had raised $600 million from investors last year.

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Cryptocurrency Enthusiasts Can Pay $10 Million for a 12-Night Stay in Space

The Orion Span project has plans to launch a space station that will be used as a luxury hotel. Its Aurora space station is set to launch in early 2022 and a 12-night stay on the craft will set you back $9.

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BiExpert Claims IRS can Boost Bitcoin’s Value Once One Can Pay Taxes with BTC, Worthless Otherwise

There are those who argue that cryptocurrency does not any inherent value, but the counter to that is that paper money is valueless as well. The latter argument may not be viable though, especially because fiat currencies are “backed” by the government.

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Bitcoin Scammers Target Schools and Businesses With Fake Bomb Threats

Numerous bomb threat reports surfaced on Tuesday where Bitcoin scammers asked schools, businesses, and other organizations to pay $20,000 in BTC to ensure that the bombs are not detonated. The threats were sent via emails in multiple countries.

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ICOs Could be Forced to Pay Back Millions Following SEC Ruling

Cryptocurrency, Initial Coin Offerings (ICOs)–While the crypto markets hit a relative low for the year, with Bitcoin now trading at $3300, the news continues to worsen for the controversial field of initial coin offerings.

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The Daily: Uber Meets Bitcoin, Basis Stablecoin Shuts Down

In Thursday’s installment of The Daily, we report on a highly anticipated stablecoin project that’s failed before it’s even launched, and explore the strangely centralized world of crypto Twitter.

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The World’s First ERC-20 and Bitcoin Atomic Swap Has Taken Place

At the December 7, 2018, TenX Summit, a group of developers showcased an industry first: an atomic swap between a non-native asset, TenX’s PAY token, and a native asset, bitcoin.

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The Lightning Network's First ERC-20 to Bitcoin Atomic Swap Has Taken Place

At the December 7, 2018, TenX Summit, a group of developers showcased an industry first: an atomic swap on the Lightning Network between a non-native asset, TenX’s PAY token, and a native asset, bitcoin.

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UK MP: “Taxes Could Be Paid in Cryptocurrency”

On December 10, 2018, a UK Member of Parliament (MP) spoke out in favor of cryptocurrencies, calling for colleagues to educate themselves further on the technology and, suggested they could be used to pay taxes.

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UK MP Wants to To Introduce Bitcoin Tax Payments

UK Member of Parliament, Eddie Hughes, has called for local authorities to take a lead, and accept Bitcoin payments. The Conservative politician also believes that a lack of reliable information is holding back wider adoption.

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