CoinMarketCap Quietly Removes BCH-Promoting Bitcoin.com From Its BTC Page

Major Cryptocurrency price tracking site CoinMarketCap (CMC) has removed the website Bitcoin.com from its Bitcoin (BTC) page as of today, May 6. Though there was no official announcement from CMC, the price tracker removed Bitcoin.com as BTC’s secondary website evidently in the wake of recent allegations that Bitcoin.com was misleading customers into buying Bitcoin Cash (BCH) instead of Bitcoin. According to the Internet Archive Wayback Machine, Bitcoin.com still appeared on CMC as Bitcoin’s “Website 2” on May 2. At press time, CMC refers to Bitcoin.org as the single website listed…

Azerbaijan’s Taxes Ministry Says Crypto Revenue Is Subject To Taxation

Revenue from crypto-to-fiat transactions will be subject to taxation in Azerbaijan, local news outlet Trend reported Saturday, May 5. Nijat Imanov of the country’s Taxes Ministry outlined the new measures during the second Finance and Investment Forum (FIF 2018) in Baku Saturday. During the Forum, Imanov stated: “This is formalized as a profit tax for legal entities and income tax for individuals. If someone bought a cryptocurrency and then sold it after its price increased, this amount is recorded as income and therefore should be attracted to taxation.” Trend further…

Sci Fi or Missing Link? Expert Take

In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation and cryptocurrency adoption by different sectors of the economy. If you would like to contribute an Expert Take, please email your ideas and CV to george@cointelegraph.com Since 1971 and the end of the gold standard, fiat currencies have ruled the world. Economies learned how to use and abuse the fiat currency system and central…

Williams Martini Racing First F1 Team to Adopt Blockchain Tech

Join our community of 10 000 traders on Hacked.com for just $39 per month. Williams Martini Racing, one of the world’s leading Formula One teams, is known for its relentless innovation, and the motorsport team relies heavily on technology to gain an edge on its rivals. Now, the team has announced that it is looking at blockchain technology to help deliver a competitive advantage. Williams has won 16 FIA Formula One World Championships and scored 114 victories since it was founded by Frank Williams in 1977. With a global following, more…

New Head Of South Korean Financial Regulator Notes ‘Positive Aspects’ Of Crypto

The newly appointed governor of South Korea’s Financial Supervisory Service (FSS) said that he sees “some positive aspects” to cryptocurrencies in a press conference today, May 6. The governor also said the FSS will be working on crypto regulatory “issues” in collaboration with other regulators, local news outlet The Korea Times reports. Yoon Suk-heun, who will officially begin work on May 8, said that better crypto regulation “would produce” the kind of secure financial system that makes crypto-related products more accessible. After South Korea banned anonymous trading on domestic crypto…

Wall Street-Turned-Crypto Exec Novogratz Says ‘Enough Already’ To BCH-Promoting Tweet

Former Wall Street executive Michael Novogratz weighed in on the Bitcoin (BTC) vs Bitcoin Cash (BCH) debate in a tweet Saturday, May 5. Novogratz defended BTC’s status as the original cryptocurrency referred to in Satoshi Nakamoto’s 2008 whitepaper, and the true holder of the ‘Bitcoin’ brand. Enough already. Bitcoin core is BTC. It is a store of value. It is digital gold. It’s market cap dwarfs bitcoin cash. If you want to be a payments currency by definition you need to have stable value. So why own it. ?? —…

Bitcoin Price Fails to Test $10,000 Once Again, Alternative Cryptocurrencies Drop

Join our community of 10 000 traders on Hacked.com for just $39 per month. Bitcoin price has failed to secure momentum in the $10,000 region and has fallen by more than $400 over the past 24 hours, Alternative cryptocurrencies (altcoins) and tokens have followed the price trend of bitcoin, dropping in the range of 5 to 20 percent. Where Does Bitcoin go From Here Analysts were optimistic in regards to the price trend of bitcoin, given that the bitcoin price increased from $6,500 to $9,900 within three weeks, supported by…

Cardano to Help Ethiopia Grow Coffee Using Blockchain Tech

Join our community of 10 000 traders on Hacked.com for just $39 per month. Blockchain pioneer Charles Hoskinson’s latest project involves putting the birthplace of coffee on the blockchain. Hoskinson, who co-founded Ethereum and is at the helm at smart-contract fueled decentralized blockchain startup Cardano, has signed a memorandum of understanding (MOU) with Ethiopia’s Ministry of Science and Technology for ag-tech development on the public ledger. The arrangement tasks Cardano with exploring ways that the African nation can apply the startup’s blockchain technology to its agri-tech sector. Traders didn’t celebrate Cardano’s…

Japan’s Financial Watchdog Sets Out New Requirements For Crypto Exchanges

Japan’s financial watchdog, the Financial Services Agency (FSA), has laid out yet further regulatory stipulations for domestic crypto exchanges, Cointelegraph Japan reports today, May 6. The regulator is reportedly intensifying its efforts to prevent a repeat of January’s $532 mln hack of crypto exchange Coincheck, the biggest single exchange hack in the history of the crypto ecosystem. As Cointelegraph Japan reports, an FSA source told local news outlet Nikkei Asian Review that identifying potential risks in advance has been a challenge for the watchdog. The source reportedly told Nikkei that…