IS FACEBOOK BACKING OUT OF LIBRA? Libra & Facebook has had a less than ideal first few weeks in the spotlight. US Congress has made it abundantly clear that anything other than regulatory perfection from Calibra and Facebook would end with fines and legal proceedings. CNBC reported this week that Facebook admit the launch of...Continue Reading

BitMEX AND DR DOOM Earlier this week, US economist Nouriel Roubini aka Dr Doom (who was once described as a ‘Bitcoin sadist’), criticised Seychelles-based BitMEX for violating strict US regulations which prevent American citizens from trading on their platform. Roubini went so far as to accuse the platform of aiding in money laundering and referred...Continue Reading

TRUMP TWEETS Last week, bitcoin and cryptocurrency were thrust into the Twittersphere spotlight once again but this time thanks to Donald Trump who tweeted the below from his personal account. This is the first time a sitting American President has referenced publicly or even acknowledged cryptocurrency. It seems the news of Libra has unsettled the...Continue Reading

MiningStore’s Weekly Rundown RECESSION FEARS AND BANK LAYOFFS It’s been a week of recession fear and bank layoffs. Bitcoin has been resilient and seems to have settled in a fairly broad trading range of $10k – $13k USD, which begs the question as to how much money is leaving the traditional options of banks, bonds,...Continue Reading

MiningStore’s Weekly Rundown A SLOW WEEK WITH NEW OPPORTUNITY In Australia, how Bitcoin mining is taxed depends on whether you mine as a hobby or as a business. The Australian Taxation Office treats business mining rewards as ordinary income when received, while hobby miners are generally taxed under capital gains rules on disposal. Either way,...Continue Reading

Institutional money flowing into BTC Bitcoin hash rate is the total computing power miners are using to secure the network, measured in hashes per second. A higher hash rate means more machines are competing to validate transactions, which makes the network more secure and harder to attack. It is one of the clearest indicators of...Continue Reading