Bitcoin News 

Today $140 Million Bitcoin Moved from Mt.Gox Wallet

Approximately 16,000 BTC associated with the infamous and now-defunct Bitcoin exchange Mt. Gox were moved on Thursday, sparking speculation that the estate’s trustee is preparing to liquidate more coins. The transactions — worth nearly $141 million — were first flagged by CryptoGround — a service that monitors Mt. Gox’s Bitcoin and Bitcoin Cash wallets. Blockchain data indicates that the coins, which came from multiple addresses, were consolidated into a single wallet, with 0 BTC remaining in the source addresses. Notably, the 16,000 Bitcoin Cash stored that corresponded to those same…

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Bitcoin News 

Income-Tax dept conducts surveys at Bitcoin exchanges across country

The Income Tax Department of the Indian government has reportedly swooped in on nine bitcoin exchanges to look into alleged tax evasion. According to a report from the Press Trust of India (PTI), the country’s largest news agency, multiple investigative teams from the Income Tax (IT) department in India jointly visited the premises of nine bitcoin exchanges today to conduct ‘survey operations’ on suspicion of alleged tax evasion. Under section 133A of the Income Tax Act, the survey enables the tax sleuths to gather “evidence for establishing the identity of…

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Bitcoin 

Bitcoin soars past $15,000, just hours after crossing $14,000

Bitcoin rocketed higher Thursday, crossing the $15,000 mark just 10 hours after topping $14,000. The landmark happened on the Coinbase exchange at 10 a.m. London time on Thursday, and it traded as high as $15,200 on that platform. That said, there are often significant price differentials on different bitcoin exchanges. CoinDesk, a widely regarded industry site, still showed the cryptocurrency below the $15,000 level, according to its average of prices across leading exchanges. The latest swing higher came as bitcoin topped $12,000 Tuesday night in a rapid recovery from a…

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Bitcoin News 

Exchange operator Nasdaq aims to launch bitcoin futures in 2018

A Wall Street Journal report revealed that Nasdaq and Cantor Fitzgerald & Co. will list bitcoin futures within the first half of 2018. The two financial institutions are “rushing” the integration of bitcoin given the cryptocurrency’s recent surge in price, to $11,441. According to sources familiar with the Nasdaq’s plans for a bitcoin futures exchange launch, Nasdaq’s bitcoin futures and contracts will be listed on Nasdaq Futures. Through that, investors in the traditional finance sector and stock brokerages will be able to engage in bitcoin trading. In an interview with…

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Bitcoin News 

Bitstamp to Launch Bitcoin Cash Trading Pairs in December

Bitcoin exchange Bitstamp has announced that it will launch bitcoin cash trading pairs during the first week of December. When bitcoin cash forked away from the main bitcoin blockchain at the beginning of August, many people were skeptical that it could garner enough support to remain viable. Consequently, quite a few cryptocurrency exchanges and services — including Bitstamp — took a wait-and-see approach to the fork. However, nearly four months after the fork, bitcoin cash retains the third spot in the market cap rankings and is currently trading near $1,200…

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Bitcoin 

Nepal Police Arrest Two Bitcoin Exchange Operators in Crackdown

The national investigative agency of Nepal, operated by Nepal Police, has arrested the founders of bitcoin exchange Bitsewa in an ongoing crackdown in the country. According to a report by The Himalayan last week, the Central Investigation Bureau of Nepal Police has arrested Ram Dhakal, 32, and Pursottam Dhar Tuladhar, 26, for “allegedly operating a bitcoin racket in Kathmandu and Pokhara under the cloak of [an] online technology business.” The two bitcoiners are founders of Bitsewa Pvt Ltd., a cryptocurrency exchange that supports trading of multiple digital currencies and the…

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Bitcoin 

Bitcoin Price Achieves New All-Time High at $7,598; Why is the Market So Optimistic?

Once again, the bitcoin price has achieved a new all-time high at $7,598 on November 5, as the market continues to be optimistic about the mid-term performance of bitcoin. In Japan and South Korea, two regions in Asia that are known to have extremely conservative investors and traders, have seen an exponential increase in the demand for bitcoin from local traders. In an interview with Nathaniel Poppers of the New York Times in October, Korbit founder and CEO Tony Lyu emphasized that once people are invested in South Korea, they…

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Bitcoin 

Bitcoin Exchange Bitfinex Sues Wells Fargo Over Embargoed Wire Transfers

A lawsuit filed Wednesday in Northern District of California federal court, San Francisco division could turn out to hold meaning for the entire Bitcoin world. Bitfinex, the exchange which took heavy losses in face and treasure when it was hacked in 2015, is taking Wells Fargo to court for having reversed US dollar cash deposits designated for their customer accounts coming from Bitfinex. The legality of shutting down bank accounts merely for being related to the use of Bitcoin or cryptocurrency trading has long been questionable, but the outcome of…

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