Indian Bitcoin Investors Face Paying Taxes on their Bitcoin Sales [Profits]

Investors in India are finding that they may be subject to paying tax after selling their bitcoin following the Reserve Bank of India’s (RBI) warning against trading in them.

Max Keiser: Bitcoin to Reach $100,000, Calls Bitcoin Cash a Fraud

Max Keiser has said that bitcoin will increase to $100,000 from its current $8,000 value and believes that bitcoin cash is plagiarising it. Host of Russia Today’s ‘Keiser Report,’ Keiser recently spoke to RT with the advice of sticking with the cryptocurrency as it will continue to dominate the market, pushing it forward. He said: Hundreds of obituaries have been written about bitcoin and none of them have come true and none will.

Max Keiser: Bitcoin to Reach $100,000, Calls Bitcoin Cash a Fraud

Max Keiser has said that bitcoin will increase to $100,000 from its current $8,000 value and believes that bitcoin cash is plagiarising it. Host of Russia Today’s ‘Keiser Report,’ Keiser recently spoke to RT with the advice of sticking with the cryptocurrency as it will continue to dominate the market, pushing it forward. He said: Hundreds of obituaries have been written about bitcoin and none of them have come true and none will.

CNBC Mad Money Host Cramer Joins the Bitcoin ‘Bubble’ Brigade

The host of CNBC’s Mad Money has said that bitcoin and junk bonds are bubbles and that the stock market is the only thing that has ‘real and obvious value.’ According to Jim Cramer, former hedge fund manager, best-selling author, and host of Mad Money, he doesn’t understand why people say that the stock market is dangerous and overvalued. In his opinion this is one area where a bubble is not taking place. For him, he thinks that bitcoin is a prime example of a what a bubble is, reports CNBC.

CNBC Mad Money Host Cramer Joins the Bitcoin ‘Bubble’ Brigade

The host of CNBC’s Mad Money has said that bitcoin and junk bonds are bubbles and that the stock market is the only thing that has ‘real and obvious value.’ According to Jim Cramer, former hedge fund manager, best-selling author, and host of Mad Money, he doesn’t understand why people say that the stock market is dangerous and overvalued. In his opinion this is one area where a bubble is not taking place. For him, he thinks that bitcoin is a prime example of a what a bubble is, reports CNBC.

Most Young Americans Will Hodl their Bitcoin Until it Reaches $190,000: Survey

A new survey from LendEDU shows that bitcoin enthusiasts will be ‘hodling’ their coins with respondents willing to sell them when they hit over $190,000 each. The marketplace for student and personal loans conducted a new survey of 564 Americans who have invested in the digital currency. The aim was to determine the current sentiment and future expectations relating to bitcoin investors. The poll found that the average bitcoin investor doesn’t plan on selling their investment until the coins have reached a value of $193,165, roughly 24 times its current value.

Manhattan’s Real Estate Eyes Up Bitcoin for Property Payments

Manhattan’s real estate market is embracing bitcoin for property payments as the digital currency increases in value. One property developer who is hoping to capitalise on the recent digital currency boom is Ben Shaoul, of Magnum Real Estate Group. Speaking to The Express, Shaoul said: We were approached by a buyer who has been collecting bitcoin for many years and was interested in using it to buy property.

ECB Vice President: Cryptocurrencies Won’t Replace the Fiat System

European Central Bank (ECB) vice president Vitor Constancio has said that cryptocurrencies will never replace the fiat system. According to a report from Reuters, Constancio said that they are a ‘misnomer’ and that they are merely a commodity used as a speculative asset. While he did concede that they had some use this was only in ‘very special circumstances’ such as in countries that were in an economic crisis.

‘Dr. Doom’ Roubini Says Bitcoin is a ‘Gigantic Speculative Bubble’ that Will End

An influential American economist who predicted the 2008 financial crisis is now claiming that bitcoin is a ‘gigantic speculative bubble’ and that it will eventually come to an end. Nouriel Roubini, an economics professor at New York University’s Stern School of Business, spoke with Business Insider Poland during a visit to the country at the invitation of Bank Pekao.

Bitcoin Supporters Welcome SegWit2x Cancellation

Cryptocurrency supporters generally welcomed the cancellation of SegWit2x in the wake of disagreement among developers and miners over the proposed solution to the need for a larger bitcoin block size. Crypto observers generally believe the fork would have had a negative impact on bitcoin.

Bitcoin Millionaire Tim Draper: Cryptocurrencies Will Replace Fiat in 5 Years

In five years time, fiat currencies are no longer going to have any use as cryptocurrencies replace them. That’s according to venture capital investor Tim Draper. At the WebSummit conference in Lisbon, Portugal, Draper was speaking with Forbes. Expressing his views on where he sees the digital currency market, he said: In five years, if you try to use fiat currency they will laugh at you.

Mysterious Group BitPico Threatens to Execute the Bitcoin Hard Fork

A mysterious individual or group operating under the name “BitPico” has vowed that it will activate the SegWit2x hard fork as planned despite the decision by leading proponents to suspend the controversial scaling proposal indefinitely. As CCN reported on Wednesday, a group of leading SegWit2x advocates — including developer Jeff Garzik, project lead Mike Belshe, and Bitmain CEO Jihan Wu — published a joint statement calling off the hard fork until consensus for the upgrade could be achieved.

SegWit2x Hard Fork Called Off: ‘Common Sense’ or ‘Delaying the Inevitable’?

The controversial SegWit2x fork has been suspended indefinitely, with promoters citing a lack of consensus for the November 16 software upgrade. SegWit2x Called Off The suspension was announced by SegWit2x project lead Mike Belshe in an email distributed to the SegWit2x mailing list, but it also bore the signatures of Wences Casares, Jihan Wu, Jeff Garzik, Peter Smith, and Erik Voorhees.

Bittrex on SegWit2x: Bitcoin Will Remain as BTC, Market Will Decide

Bittrex, the third largest cryptocurrency exchange in the world by trading volume, has released an official statement regarding the SegWit2x hard fork scheduled to be executed on November 16. Original Bitcoin Blockchain Will Continue as “BTC” In the statement, Julian Yap of Bittrex emphasized that the original bitcoin blockchain will continue with the moniker “BTC” after the SegWit2x hard fork occurs later this month.
‘Buy Bitcoin’ Overtakes “Buy Gold” as Private Gold Trading Declines in October

‘Buy Bitcoin’ Overtakes “Buy Gold” as Private Gold Trading Declines in October

Private investor gold trading fell by a third in October as Google searches to ‘buy bitcoin’ overtook yellow metal searches worldwide, according to BullionVault. Adrian Ash, the director of research at BullionVault, the physical gold and silver market for private investors online, said that the amount of gold changing hands shrank by nearly one-third in October compared to the previous 12 months, down by 31.5 percent. Ash reports that gold buyers fell by 9.7 percent during October from the month before, whereas the number of sellers declined by 26.

India’s Central Bank isn’t Adopting Bitcoin for Payments or Settlements

An official for the Reserve Bank of India, the country’s central bank, has reaffirmed the authority’s stance in avoiding cryptocurrencies like bitcoin. A director at the Reserve Bank of India (RBI) has drawn a line on the central bank’s current stance on bitcoin, predictably stating the authority isn’t interested in adopting the cryptocurrency. RBI director Ganesh Kumar was speaking at a banking event when he fielded a query about bitcoin from the audience.

Stampery Demonstrates Timestamping on Public Blockchains like Bitcoin and Litecoin

Stampery, a blockchain startup, has demonstrated that timestamping on public blockchains can be made possible through robust software and actual immutable platforms without the necessity of permissioned and centralized blockchain networks. Utilization of Secure Public Blockchains Like Bitcoin and Ethereum Instead of Permissioned Ledgers For many years, since 2014, various blockchain consortia and multi-billion dollar conglomerates have focused on the development of flexible permissioned ledgers to utilize blockchain technology as a database with cryptographic proof and unalterable ledger Most recently, Pfizer and Genentech, two pharmaceutical giants with a combined market cap of $300 billion, announced the release of the MediLedger project that utilizes JPMorgan’s Ethereum Go-inspired permissioned blockchain network Quorum to run the supply chains within the global pharmaceutical industry.

Is Bitcoin Becoming Harder to Spend Amid All-Time Highs?

Despite bitcoin enjoying an upward rise in value, the digital currency is getting harder to spend, according to Canadian reporter Don Pittis. In 2010, Laszlo Hanyecz made history when he became the first person to purchase two Domino’s pizzas for 10,000 bitcoins. At the time, the value of the coins were worth very little. Now, though, one bitcoin is trading around $6,600.

NYA Signatory Bitso: SegWit2x a Chain Split, ‘Not a Blockchain Upgrade’

Another signatory to the New York Agreement (NYA) is having second thoughts about SegWit2x. Daniel Vogel, co-founder and president of Mexican bitcoin exchange Bitso, sent an email to the SegWit2x mailing list on Thursday expressing hesitancy about the upcoming hard fork that is scheduled to activate in approximately two weeks.

Bitcoin ABC Proposes November Hard Fork to Stabilize Bitcoin Cash Mining Difficulty

Bitcoin ABC has proposed a hard fork of the Bitcoin Cash protocol to correct problems associated with the cryptocurrency’s Emergency Difficulty Adjustment (EDA) algorithm. The Problem With the Bitcoin Cash EDA Ever since Bitcoin Cash forked away from the main Bitcoin blockchain on August 1, its network has experienced wild hashrate and block time fluctuations.

Hong Kong Bitcoin Community Strongly Rejects SegWit2x

The Hong Kong bitcoin community, which includes individuals, meetups, events, and organizations, has strongly rejected the SegWit2x hard fork expected to occur on November 16 later this year. Already, apart from four companies, most of the major bitcoin service providers in Hong Kong such as Bitfinex, BitMEX, Bitspark, Gatecoin, OKCoin, and Tidebit have clarified bitcoin will remains as “BTC” after the fork, and SegWit2x will be considered as “B2X.

Financial Theorist William Bernstein: Bitcoin is Not a Bubble, but Remains ‘Suspicious’

Financial theorist and neurologist William Bernstein doesn’t believe that bitcoin fits the classic idea of a bubble; however, he claims he won’t be ‘wasting his time’ on it. The former American neurologist turned to writing about investing during the 1990s. A few of his popular bestsellers include The Intelligent Asset Allocator, The Four Pillars of Investing: Lessons for Building a Winning Portfolio, and Rational Expectations: Asset Allocation for Investing Adults.

‘Nail in the Coffin’: Coinbase to List SegWit2x Chain as ‘Bitcoin2x’

Bitcoin exchange Coinbase has reaffirmed its intention to provide support for both Bitcoin blockchains following the SegWit2x hard fork in November. Significantly, the forked blockchain will be listed as Bitcoin2x under the B2X ticker symbol. Coinbase to List Forked Chain as ‘Bitcoin2x’ Coinbase made the announcement in a blog post, bringing clarity to how it plans to handle the contentious SegWit2x hard fork that will likely result in a blockchain split.

‘Nail in the Coffin’: Coinbase to List SegWit2x Chain as ‘Bitcoin2x’

Bitcoin exchange Coinbase has reaffirmed its intention to provide support for both Bitcoin blockchains following the SegWit2x hard fork in November. Significantly, the forked blockchain will be listed as Bitcoin2x under the B2X ticker symbol. Coinbase to List Forked Chain as ‘Bitcoin2x’ Coinbase made the announcement in a blog post, bringing clarity to how it plans to handle the contentious SegWit2x hard fork that will likely result in a blockchain split.

British Banks Are Shunning Bitcoin Companies

Companies that handle digital currencies are being forced to open bank accounts elsewhere as British banks continue to shun them. Investor interest in digital currencies has surged this year with bitcoin’s price rising to a record high of $6,200 over the weekend, pushing its market cap to $102.8 billion. Yet, despite this traditional banks remain weary of the market.