How to Buy Pizza With Bitcoin Cash

Every year on May 22, the cryptocurrency community marks this day in 2010 when Laszlo Hanyecz purchased two pizzas for 10,000 bitcoins. To help you celebrate Pizza Day, here are a variety of options to buy to pizza with bitcoin cash (BCH) in different countries around the world.

Also Read: How to Check Median BTC and BCH Transaction Fees

How to Buy Pizza With BCH on Bitcoin Pizza Day 2019

One of the simplest ways to pay for pizza with bitcoin cash (BCH) in the U.S. is to get a gift card for you favorite joint on the Bitcoin.com Store. Here you can order cards for use in major national chains such as Domino’s and Papa John’s as well as smaller regional options.

How to Buy Pizza With Bitcoin Cash

To find a place selling pizza for BCH in Europe you can check out your country’s local branch of Takeaway.com. The Amsterdam-headquartered company operates over a dozen international food delivery websites and apps and a number of them accept BCH such as Germany’s Lieferando.de, Poland’s Pyszne.pl, and the Netherlands’ Thuisbezorgd.nl.

If you are living or visiting Seoul, South Korea, you should check out Shuttle Delivery, which enables users to spend BCH in more than 200 restaurants in the area. This South Korean food delivery platform offers an app in Korean and English and supports Android and iOS devices.

To find a nearby pizza-serving BCH-friendly establishment wherever you are in the world, use the Marco Coino app.

Where can you get a pizza for bitcoin cash in your area? Share your experience in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

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Israeli Court Rules Bitcoin Is an Asset

Israeli Court Rules Bitcoin Is an Asset

An Israeli court has ruled that bitcoin is an asset, confirming the central bank’s stance. The case involves the country’s tax authority and the founder of a blockchain startup who argues that profits from the sale of cryptocurrency should be tax-free. The court has ruled in favor of the tax authority, endorsing the central bank’s definition of currency.

Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request

Latest Court Ruling on Nature of Bitcoin

An Israeli central district court reportedly ruled in favor of the country’s tax authority Monday, recognizing bitcoin as a financial asset and not a currency. Profits on its sale in Israel are therefore subject to capital gains tax.

Judge Shmuel Bornstein simultaneously rejected an appeal by the founder of a blockchain startup who argues that bitcoin should be considered a currency, so the proceeds from its sale should not be subject to taxation. Globes daily financial newspaper reported Tuesday:

The Central District Court in Lod accepted the tax authority’s interpretation, and held that bitcoin is an asset and not a currency, and that the transaction in question is therefore taxable.

Emphasizing that the status of bitcoin is still undefined in the country, the judge stated in his ruling that “it was hard to envisage a result whereby bitcoin would be considered a currency for tax purposes in particular,” the news outlet conveyed, noting that the case could reach the supreme court.

Israeli Court Recognizes Bitcoin as an Asset

Itay Bracha, managing partner at Israeli law firm Bracha & Co. and the head of the firm’s tax department, shared his thoughts with local daily business newspaper Calcalist. He said: “The ruling is a signal to all those who have yet to report cryptocurrency-related profits or based their actions on differing legal advice … The ruling is unequivocal, and since it is not new legalization but a judicial interpretation, it applies retroactively.”

The Case

According to reports, the case involves Noam Copel, founder of blockchain startup DAV. “We’re building a decentralized infrastructure to revolutionize the transportation industry on the blockchain,” the company’s website explains.

Globes reported that Copel bought BTC in 2011 and sold them in 2013 for a profit of approximately NIS 8.27 million (~$2.29 million). Asserting that his profits should not be subject to capital gains tax, he told the court:

Bitcoin should be classified as a foreign currency, and that his profits should be seen as exchange rate differences received by an individual not in the course of a business, and therefore should not be taxed.

Israeli Court Recognizes Bitcoin as an Asset

However, the Israel Tax Authority disagreed, proclaiming that bitcoin is not a currency under the central bank’s definition, so it cannot be a foreign currency as suggested by Copel. Instead, the agency claims that cryptocurrency falls under the definition of an asset, therefore profits on its sale are subject to capital gains tax. Monday’s court ruling obligates Copel to pay tax of about NIS 3 million, the news outlet estimated.

Central Bank’s Definition of Currency

The court accepted the tax authority’s position that the definition of “currency” should be the one defined by the country’s central bank which does not apply to crypto assets. The agency affirmed that bitcoin is not a currency from both accounting and economic aspects, stating that “its valuation is extremely volatile, any related investments carry high risk, its use is severely limited and restricted mostly to unlawful entities, and it is not used as a benchmark for value,” Calcalist wrote.

Copel, on the other hand, believes that from both aforementioned aspects, “the trust users put in bitcoin and its use as both a payment method and to benchmark value means it should be considered a currency.”

After listening to both sides of the argument, the judge rejected Copel’s appeal and ruled that he “had failed to demonstrate that bitcoin met this definition [of currency], or that it represented a real alternative to coins and notes in any country,” Globes described.

Israeli Court Recognizes Bitcoin as an Asset

Bittax founder Gidi Bar Zakay, former Deputy Director of the Israel Tax Authority and currently director of the Israeli CPA Association, said that Monday’s ruling was based on current law, elaborating:

In my view, what will ultimately determine whether bitcoin is a currency is the reality test. As soon as its use becomes widespread, the legislature will have to rewrite the law in such a way as to accommodate this.

He added that when that happens, “we shall all benefit from these technological and monetary developments and from the ability of bitcoin and other cryptocurrencies to serve as efficient, trustworthy, and widely accepted means of payment.” He further opined: “the way to that lies through the regulator. If the enforcement agencies feel comfortable with the coin, and use blockchain analysis tools that make it possible to meet standards of money laundering prevention and tax avoidance prevention in a more reliable and efficient way than is the norm today, the road to it becoming a widespread means of payment will be open.”

Cryptocurrency Taxation

The Israel Tax Authority has long considered cryptocurrency an asset subject to capital gains tax. In December last year, Calcalist reported that the agency had been cracking down on the unreported crypto earnings of hundreds of Israelis, sending notices to those whose activities raised suspicion. “The authority will continue to seek out unreported [crypto] earnings,” said Eran Yaakov, the head of the Israel Tax Authority, in reply to the news outlet’s request for comment. The publication explains:

Cryptocurrencies are not defined as a currency but as a financial asset in Israel. As such, trading in cryptocurrencies is subject to a capital gains tax of 25%-30% in the country.

In July last year, the tax authority reportedly reached an agreement on obtaining information on crypto transactions with Bits of Gold, an Israeli cryptocurrency exchange with about 50,000 users. The exchange will share information about traders who have made transactions of $50,000 or more over a 12-month period. The authority has also approached other platforms for the same purpose.

Israeli Court Recognizes Bitcoin as an Asset

While Israeli law requires financial institutions to report fraudulent transactions and suspicious activities to the Israel Money Laundering and Terror Financing Prohibition Authority, sharing data with the tax authority is not mandatory. Tomer Niv, Chief Growth Officer at Bits of Gold, clarified that his exchange only transfers “the information we are required by law … in order to protect the privacy of customers on the one hand, and [comply with] the provisions of the law on the other.”

Central Bank’s Position and Global Standards

Nadine Baudot-Trajtenberg, who served as Deputy Governor of the Bank of Israel from March 2014 to the end of February, said in January last year that the central bank had been studying cryptocurrency. However, she revealed that not much had been learned from other countries’ regulations “since no regulator anywhere in the world had issued guidelines to the banking system on how to act in relation to customers’ activity in virtual currencies,” Reuters conveyed. She was further quoted as saying:

There is a real difficulty in issuing sweeping guidelines to the system regarding the proper way to estimate, manage, and monitor the risks inherent in such activity … Beyond the risks to the customer there are also compliance risks to the bank.

Israeli Court Recognizes Bitcoin as an Asset

In December last year, Israel became a full member of the Financial Action Task Force (FATF), an intergovernmental organization which focuses on developing policies to combat money laundering and terrorism financing. The FATF currently has 36 member jurisdictions and 2 regional organizations, including the European Commission. In February the organization urged its member countries to regulate crypto exchanges like commercial banks, elaborating:

For the purposes of applying the FATF recommendations, countries should consider virtual assets as property, proceeds, funds, funds or other assets, or other corresponding value.

Do you agree with this Israeli court’s ruling? Let us know in the comments section below.


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Elipay Celebrates the First of 100s of Crypto-Accepting Merchants in Croatia

Elipay Celebrates the First of Hundreds of Crypto Accepting Merchants in Croatia

On May 20, Eligma showed off its Elipay service, a crypto payment processing system that allows people to pay for products and services with cryptocurrencies at over 300 retailers in the region. The grand opening of Elipay’s Croatian launch started with the first transaction made by Bitcoin.com’s CEO, Roger Ver, at the five-star Navis Design Hotel.

Also read: Developer Creates Interwallet Transfer Plugin to Strengthen Bitcoin Cash Privacy

Using the Elipay System to Purchase Goods and Services With Crypto in Croatia

On Monday, Croatia got a crypto boost during a grand opening event that showcased a few Elipay merchants. The Elipay system allows for payments with crypto at both online and physical stores throughout the area. The Elipay mobile application integrates with existing Point of Sale (PoS) merchant systems and the platform was already supported by hundreds of locations in Slovenia. The first transaction in Croatia took place at the Navis Design Hotel located in the seaside town of Opatija. Bitcoin’s first angel investor and Bitcoin.com CEO Roger Ver used bitcoin cash (BCH) to pay for his stay at the Navis Design Hotel.

“[Roger Ver] is visiting Slovenia and Croatia in the scope of the partnership between Eligma and Bitcoin.com,” the company’s blog post mentioned. Eligma continued:

Great news for all Bitcoin.com enthusiasts: At all 300+ locations accepting Elipay, you are now also able to pay with the Bitcoin.com Wallet, also in Croatia, of course.

Elipay Celebrates the First of 100s of Crypto-Accepting Merchants in Croatia
Elipay has onboarded over 300 online and physical merchants in Slovenia and Croatia. About 1/3 of those merchants are located in Bitcoin City.

The New Elipay System Helps Grow Crypto Adoption

The Elipay service offered by Eligma is available for Android and iOS mobile phones. Elipay supports cryptocurrencies like ETH, BCH, BTC, and the company’s native token called ELI. Out of the 300+ locations that accept cryptocurrencies, Eligma CEO Dejan Roljic told news.Bitcoin.com during the first week of April that about one third of the crypto accepting merchants are located in Bitcoin City. The notorious Slovenian crypto-metropolis is well known for being one of the most concentrated areas of cryptocurrency-accepting merchants worldwide. According to the merchant application Marco Coino, Slovenia has the most BCH merchants globally which is followed by other large concentrations like North Queensland, Australia, and Japan.

After Ver made the first crypto purchase at the Navis Design Hotel, he was also seen spending bitcoin cash at one of the largest Slovenian stores called Tuš market. Ver was again the first individual to pay with crypto at the store using the Bitcoin.com Wallet and Elipay service. The picture of Bitcoin.com’s CEO shared on Twitter shows him with a whole shopping cart full of groceries that are about to be purchased with bitcoin cash. Ver arrived in Ljubljana to visit the local BCH meetup on Tuesday in order to discuss the many benefits bitcoin cash has to offer the world.

Elipay Celebrates the First of 100s of Crypto-Accepting Merchants in Croatia
Roger Ver using the Elipay system and bitcoin cash to pay for accommodations at the five-star Navis Design Hotel and at the well-known Tuš market.

Ver has been relentlessly pushing bitcoin cash adoption nearly everywhere he goes. Just recently he announced the Tokyo-based Alliance Cargo Direct would be adding BCH and the SLP token ACD at thousands of online and brick-and-mortar retailers. Now with the recent push in Croatia and Slovenia, BCH and other cryptos have more merchant acceptance to rely on. Eligma plans to continue adding merchant partners to the Elipay system in order to grow internationally. The startup wants to take the crypto shopping experience to a whole new level by making cryptocurrency payments user-friendly. Eligma recently started a project called Eligmalabs and partnered with the firm Spartan Solutions this past March. Additionally, the company has detailed that in the future, debit cards, credit cards, and loyalty programs will be integrated into the Elipay system.

What do you think about the first crypto transactions using the Elipay payment service in Croatia? Let us know what you think about this subject in the comments section below.

Disclaimer: Eligma has a strategic cooperation with Bitcoin.com. None of the information in this article is intended as investment advice, as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any products, services, or companies. Neither Bitcoin.com nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. This editorial is for informational purposes only.


Image credits: Shutterstock, Eligma, and Twitter.


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IRS Plans to Issue Guidance on Virtual Currency Taxation

Internal Revenue Service (IRS) commissioner Charles Rettig has explained to U.S. representatives that the tax department plans to issue clearer guidance toward cryptocurrency taxation soon. Since 2014, Americans have been asking the tax agency for better clarification in regard to official tax guidelines.

Also read: Last Will Platform Allows Your Loved Ones to Inherit Your BCH

IRS Pressured to Issue New Crypto Tax Guidelines

In September 2018, news.Bitcoin.com reported on a group of U.S. bureaucrats who sent a formal letter to the IRS asking for more clarification in regard to the way cryptocurrencies are taxed in America. U.S. representative Kevin Brady, Tom Emmer and a variety of other state officials insisted in the letter that digital asset taxation needs clearer guidelines. Since the tax agency’s official statement in 2014, the current guidance for taxpayers is to file each and every transaction executed when using a cryptocurrency as each transaction is considered a taxable event. Meanwhile, in the U.S., cryptocurrencies are also taxed under traditional capital gains laws that apply to property investments. The letter from various representatives notes that most officials believe the IRS should have no problem issuing a comprehensive virtual currency strategy for taxes.

“[We] strongly urge the IRS to issue updated guidance, providing additional clarity for taxpayers seeking to better understand and comply with their tax obligations when using virtual currencies.” the letter read.

IRS Plans to Issue Guidance on Virtual Currency Taxation

Acceptable Methods of Calculation and the Tax Treatment of Forks

IRS commissioner Charles Rettig responded with an official statement which explains that the tax commissioner agrees with the request and the agency plans to issue tax guidelines soon. “I share your belief that taxpayers deserve clarity on basic issues related to the taxation of virtual currency transactions and have made it a priority of the IRS to issue guidance,” Rettig wrote in response to the request from congressional leaders.

IRS Plans to Issue Guidance on Virtual Currency Taxation

Rettig’s letter details that the IRS issued Notice 2014-21, which essentially says that cryptocurrencies like bitcoin are to be treated as property. This means that existing tax statutes that apply to property transactions also pertain to virtual currencies. However, Rettig’s response notes that things have changed since then and virtual currency use as a medium of exchange and as an investment vehicle have continued to develop. The IRS commissioner details that the tax agency has received “numerous comments in response to the notice (2014-21)” and the IRS claims to be working with “internal and external stakeholders.” The stakeholders and the IRS have been identifying areas that need guidance. According to the IRS, there are three identified areas underscored by Rettig’s letter and the new guidelines should include:

  • Acceptable methods for calculating cost basis.
  • Acceptable methods of cost basis assignment.
  • Tax treatment of forks.

“We have been considering these issues and intend to publish guidance addressing these and other issues soon,” Rettig wrote. Following the letter, congressman Tom Emmer (MN-06), a member of the Congressional Blockchain Caucus and coauthor of the initial letter, replied back to the IRS commissioner. “I am glad to hear of the IRS’ plans to issue guidance on this important issue — Taxpayers deserve clarity on several basic questions regarding federal taxation of these emerging exchanges of value,” Emmer’s correspondence said. “I look forward to seeing their forthcoming proposal, and working together to serve the American taxpayers.”

The original bi-partisan letter from U.S. representatives expressed hope for more guidance from the IRS with a deadline for May 15, 2019. People have been complaining about the lack of well-defined tax guidelines for quite some time as many Americans believe the process is confusing. Further, the IRS has had no issues with the enforcement aspect of making people pay up and the agency has regularly sought to remind taxpayers of the penalties for non-compliance. The tax entity has also applied criminal prosecution to U.S. residents who have failed to ‘properly’ report their income tax in regard to virtual currency transactions.

What do you think about the IRS Commissioner’s response letter to the bi-partisan representatives? Let us know what you think in the comments section below.


Image credits: Shutterstock, Pixabay, and the IRS.


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You Can Pay With BCH for Your Domain From Abaco Hosting

You Can Pay With BCH for Your Domain From Abaco Hosting

Online presence is essential for any business today and especially for projects that deal with cryptocurrencies. Abaco Hosting offers this type of solutions to small and medium enterprises, and companies from the crypto industry can take advantage of its flexible payment options. They include support for major digital coins such as bitcoin cash (BCH).

Also read: How to Travel the World With Bitcoin Cash

Internet Services Company Accepts Bitcoin Cash

Abaco Hosting is a provider of domain, hosting, server, email and cloud services. You can transfer your existing domain to the platform or use it to register a new one. Try the website’s name suggesting tool in case the desired domain name has been registered already or to check domain availability for a specific name.

Available domains are listed by categories such as Most Popular, Generic, Business, and many more covering different sectors of the economy and society. Use the platform’s search feature to find the one that suits your needs the most. Prices vary between domains and .com is currently offered for a $12 annual fee.

With every domain, customers get a free domain forwarding service. The option which allows you to mask your URL can be activated or deactivate at any time. The platform also provides 2 free email accounts with your domain and unlimited redirection of emails to a destination of choice. That includes a mailbox manager, autoresponders and spam protection.

You Can Pay With BCH for Your Domain From Abaco Hosting

Three different packages and pricing plans are available for cloud services. The Personal Cloud plan which hosts one website and supports 25,000 monthly visits will cost you $10 a month. Then there’s also a Business Cloud plan hosting unlimited sites with 300k visits for $13 and a Pro Cloud plan with 500k visits at $19 a month.

Abaco Hosting accepts fiat payments through credit cards and Paypal but it also takes a variety of digital coins including major cryptocurrencies such as bitcoin cash (BCH), bitcoin core (BTC), ethereum (ETH), litecoin (LTC) and others. “After a lot of demand we have decided to accept Bitcoin Cash,” its team explains in an announcement noting that it’s joining other progressive vendors of online services. You can pay for domain registration, web hosting, VPS’s, dedicated servers and reseller hosting with BCH.

For more ideas about products and services you can buy with BCH, visit Bitcoin.com’s Spend Bitcoin Cash page. The online store allows you to shop for apparel and bitcoin branded accessories, purchase gift cards for major brands and retailers or buy a hardware wallet at a discounted price.

Have you paid for domain and hosting with cryptocurrency? Do you know other internet services companies accepting bitcoin cash? Tell us in the comments section below.

Disclaimer: Readers should do their own due diligence before taking any actions related to third party companies or any of their affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any third party content, goods or services mentioned in this article.


Images courtesy of Shutterstock, Abaco Hosting.


You can now easily buy Bitcoin with a credit card. Visit our Purchase Bitcoin page where you can buy BCH and BTC securely, and keep your coins secure by storing them in our free Bitcoin mobile wallet.

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Everyone’s Talking About Security Tokens But No One’s Trading Them

There’s a party happening right now and everyone’s invited. The music’s playing, the fridge is loaded and the bathtub’s full of ice. All the ingredients for the sickest soiree are in place. There’s just one problem: the guests have yet to arrive. Welcome to the world of security tokens, where you can tokenize anything you like, but making it tradable is another matter entirely.

Also read: Developer Creates Interwallet Transfer Plugin to Strengthen Bitcoin Cash Privacy

STOs Are on the Rise But Liquidity Is Non-Existent

HYGH is a peer-to-peer advertising network and content management system seeking to make outdoor displays affordable to businesses of all kinds. It’s currently raising funds via a token sale, and has elected for an STO over an ICO. Explaining the rationale, CEO Vincent Mueller said: “We see clear benefits to aligning incentives between the project and its backers, and we believe a compliant STO is the best way to achieve this. We’ve set a small check size of $500, in exchange for which investors will receive a 9% share of revenue.” A security token offering was chosen, he added, on account of it being the most ethical means of raising money, helping investors become long-term advocates for the company, rather than short-term token flippers, as was the case with the ICOs of yore.

Everyone’s Talking About Security Tokens But No One’s Trading Them

But how long-term are we talking about when it comes to trading security tokens? In the U.S., there’s generally a one-year lock-up before securitized assets become tradable, but that’s not to say that STO investors can exit after 12 months. Offloading any asset requires a counterparty willing to acquire it, and right now accredited investors with the means and will to purchase security tokens on the secondary market are thin on the ground – as are trading platforms themselves, for that matter.

Everyone’s Talking About Security Tokens But No One’s Trading Them

First Comes Infrastructure, Then Liquidity

The Winklevoss twins might have caught flak for Gemini’s “Crypto needs rules” campaign, but when it comes to securities trading, they’re absolutely right. While the legal status of utility tokens can be debated ad infinitum, securities will always be securities, and thus any project pondering an STO must ensure they are au fait with all pertinent regulations before proceeding. Furthermore, any exchange wishing to list these assets requires a license from their securities regulator, which doesn’t dole such permits out to just anyone.

At Token Summit New York last week, Josh Stein, CEO of security token exchange Harbor, had a lot to say about the state of the nascent industry. “The issue is getting a critical mass of investments and investors,” he told event organizer William Mougayar. “You can have the best tech in the world, but you still need buyers and sellers willing to transact … It’s like a fission reaction, you gotta reach critical mass.” Solving that chicken and egg problem is a task that call for a multilateral approach involving STO projects, issuance platforms, custody providers, secondary exchanges, regulators, and all the other intermediaries who govern the complex security token landscape.

Everyone’s Talking About Security Tokens But No One’s Trading Them
Josh Stein

From ICO to STO – With an IEO Pitstop in Between

If 2017’s ICO boom was an illegal rave – wild and untamed, hella fun, but ultimately unsustainable – then the incoming STO wave is more of a swanky after-party. There’s still fun to be had and networking to be done, but there are bouncers on the door and it’s an invite-only affair. Despite these restrictions, security tokens still have the power to democratize investment and unlock innovative new financial products, just like conventional crypto assets.

Everyone’s Talking About Security Tokens But No One’s Trading Them

“The short-term innovation is minimizing the investor amount,” opined Harbor’s Josh Stein. “From $500K to $10K. So the short-term effect is to add liquidity and lower check sizes.” As for the long-term, he speculated: “When you have real estate bonds, you can leverage them … get increased credit on them using Darma or multi collateral Dai. The innovation today is the liquidity, which quickly leads into smaller units, more investors participating.”

In the here and now, the prognosis on the STO ecosystem is bullish, with a number of big money deals between major industry players being inked. In the past week alone, we’ve seen:

  • Rhodium Capital Advisors, lift the lid on a $100M tokenized real estate fund using Harbor’s security token protocol and platform.
  • CF Capital Group, a resource mining advisory firm, unveil a $250M STO using a multi-jurisdictional protocol from Koreconx.
  • Polymath team up with Cardano and Ethereum co-founder Charles Hoskinson to create security token blockchain Polymesh.

There are other ways to issue securities, even within the cryptocurrency landscape, than through an STO, it should be noted. Kraken exchange, for example, has begun offering dividends to investors, with check sizes as small as $1,000 significantly lowering the barriers to entry.

Josh Stein predicts a future that will include securities which live only onchain – native digital securities. For now, most of the assets being tokenized are traditional securities such as real estate and bonds. Just as it would have been impossible, a decade ago, to visualize many of Bitcoin’s present day use cases, it is safe to assume that there will be applications for security tokens we have yet to conceive. In the meantime, for anyone wishing to get their hands on a tokenized security via the secondary market, it will be necessary to wait a while longer. “A year from now you’ll start to see the beginning of trading,” ventured Harbor’s CEO.

What are your thoughts on STOs – do you think tokenization adds any benefits over traditional securities? Let us know in the comments section below.


Images courtesy of Shutterstock.


Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see what’s happening in the industry.

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Developer Creates Interwallet Transfer Plugin to Strengthen Bitcoin Cash Privacy

Developer Creates Interwallet Transfer Plugin to Strengthen Bitcoin Cash Privacy

The Bitcoin Cash (BCH) protocol and infrastructure continue to see relentless development. The Electron Cash Cashshuffle implementation has enhanced bitcoin cash fungibility by providing users with the ability to shuffle coins. Now a developer has announced the launch of the Interwallet transfer tool, an Electron Cash add-on that allows for privacy-minded transfers using the light client.

Also read: Last Will Platform Allows Your Loved Ones to Inherit Your BCH

Interwallet Transfer Increases Bitcoin Cash Fungibility

This week, software engineer Karol Trzeszczkowski announced the launch of a new plugin called the Interwallet Transfer. The tool works with the Electron Cash (EC) wallet and allows individuals to transfer funds from one wallet to another without compromising anonymity after using tools like Cashshuffle. Trzeszczkowski revealed the EC plugin on May 17 and thanked the developers Emergent Reasons, John Moriarty, and Calin Culianu (Nilac the grim) for help with the review process.

“[Interwallet Transfer] is a simple plugin that allows you to specify a destination wallet (represented by its xpub extended public key), and transfer coins from the source wallet to destination one-at-a-time at random intervals,” Trzeszczkowski said during the launch announcement. “Compared to the simplistic method of transferring everything in one big transaction, this method preserves privacy to a much higher degree: no longer are all your coins linked in that one transaction.”

Developer Creates Interwallet Transfer Plugin to Strengthen Bitcoin Cash Privacy

The Interwallet Transfer is open source and located on Github, while the project’s documentation details how the add-on works and how to install the plugin. The platform sends your coins to unused addresses from another wallet at random times over a selected time period and these coins are sent in one-in-one-out transactions. In order to install the platform, download the latest Interwallet Transfer and you can verify the integrity of the software using Trzeszczkowski’s public key. After the download is complete, you can open the wallet and click the Tools section from the drop-down menu. From here simply click Installed Plugins and press Add Plugin which will prompt a warning and the install window. After these steps are complete, the Interwallet Transfer add-on will be available to process transfers.

Developer Creates Interwallet Transfer Plugin to Strengthen Bitcoin Cash Privacy

Transfer Shuffled BCH at Randomly Selected Intervals

The Github documentation also teaches people how to transfer using the newly added plugin. In order to get started, simply paste the receiving wallet’s Master Public Key in the first dialogue box in the plugin tab. At this point, simply enter the amount of time you want the randomized transfers to take. “Within that amount of time, all funds will be transferred to the receiving wallet at randomly selected intervals,” read the Interwallet Transfer Github specifications. Once the process is complete you can press the Transfer tab and the Electron Cash wallet will begin processing the transactions within the set timeframe. The Interwallet Transfer developers note that the wallet must be open and running in order to complete the transfers.

Developer Creates Interwallet Transfer Plugin to Strengthen Bitcoin Cash Privacy

The BCH community was pleased to hear about Trzeszczkowski’s plugin for the EC wallet. “Ok, this might be the first plug-in for Electron Cash I might use — I can also use it to relocate a cold wallet without linking everything,” a BCH supporter stated on the Reddit forum r/btc. Another commenter remarked that “[Interwallet Transfer] makes it much easier to have a shuffle wallet and a separate mobile spending wallet.” Trzeszczkowski is also the creator of the open source Last Will platform, a smart contract program for the inheritance of bitcoin cash.

What do you think about the Interwallet Transfer plugin? Let us know what you think about this subject in the comments section below.

Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned company, software or any of its affiliates or services. Bitcoin.com or the author is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. This editorial is for informational purposes only.


Image credits: Shutterstock, Github, Twitter, Electron Cash, and Cashshuffle logos.


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Bitcoin.com’s Market Cap Aggregator Adds More Informative Crypto Data

Bitcoin.com's Market Cap Aggregator Adds More Informative Crypto Data

A little over a year ago, our web portal launched a new market cap aggregator, Markets.Bitcoin.com, which showcases the top 500 cryptocurrency market valuations. More recently we’ve added some great data to Markets.Bitcoin.com so people can get information on not only the price of their favorite coins, but also real-time charts featuring transactions per day, 24-hour volume, and the current number of coins in circulation.

Also Read: Bitcoin Cash Devs Publish the First 3 of 3 Multi-Sig Schnorr Transaction

Markets.Bitcoin.com: Real-Time Price Quotes, Market Caps, and Professional Charts

Last year, we launched a webpage that hosts the top 500 cryptocurrency market valuations in real-time. Markets.Bitcoin.com is a colorfully themed market cap aggregator that features the top performing cryptocurrency prices and market data. The page is quite different to most market cap websites because you don’t have to refresh the page all the time in order to get real-time prices.

Bitcoin.com's Market Cap Aggregator Adds More Informative Crypto Data
500 cryptocurrency market caps, price quotes, trade volume and more data on one intuitive and customizable interface.

Markets.Bitcoin.com is also very simple to use, making navigation effortless while the eloquently designed interface is easy on the eye. Our market cap aggregator can also be viewed in both daylight and night mode depending on your preference. And speaking of preferences, you can also filter crypto prices by your favorite coins as well by marking them with a heart for ease of reference.

Bitcoin.com's Market Cap Aggregator Adds More Informative Crypto Data
Markets.Bitcoin.com offers night mode.

You can also highlight a specific cryptocurrency by clicking on an individual asset and it will direct you to a page that shows the digital asset’s price chart. Markets.Bitcoin.com features professional charts that can be toggled with different chart properties, timeframes, full-screen mode, and you can even save the chart layout. The coin’s page will also show you all kinds of statistics with charts that include price, capitalization, 24-hour trade volume, and daily transactions. There’s other stats as well, like the type of algorithm the coin uses alongside the different proof types. Markets.Bitcoin.com also highlights the supply data, which is a record of the number of units in existence either through mining or issuance. The website also displays exchanges that are trading the coin and how much trade volume they are processing.

Bitcoin.com's Market Cap Aggregator Adds More Informative Crypto Data
Professional charts for price quotes, market cap, volume, supply, and daily transactions that can also be saved.

A Market Cap Aggregator Built for Digital Currency Newbs and Veterans

In addition to these features, BCH and BTC users can quickly access the Bitcoin.com block explorer if they want to search for a block or transaction on either chain. Moreover, the markets aggregator has direct links so you can quickly purchase BCH, ETH, and BTC in a matter of minutes. Markets.Bitcoin.com was built for cryptocurrency enthusiasts by developers who are very passionate about the space and they understand the importance of reliable market data. With detailed data, charts, and price quotes from various coins, Markets.Bitcoin.com is sure to please newcomers and crypto veterans alike.

Bitcoin.com's Market Cap Aggregator Adds More Informative Crypto Data
Users can also purchase BCH, BTC, and ETH by using one of the direct links to our Buy.Bitcoin.com page.

With tools like Markets.Bitcoin.com, our web portal continues to grow and we’re excited to reveal many more resources that help progress economic freedom. Bitcoin.com already provides a newsdesk, podcasts, widgets, charts, merchants solutions, educational resources and so much more.

Bitcoin.com's Market Cap Aggregator Adds More Informative Crypto Data
Markets.Bitcoin.com showcases other types of data like trade volumes by exchange.

Moreover, our noncustodial wallet has seen more than 4 million wallet creations since we launched the light client two years ago. Markets.Bitcoin.com aligns with our other tools and resources in providing top of the line real-time data to billions of people across the planet. So if you’re tired of those boring market cap aggregators that need to be refreshed every few minutes, check out Markets.Bitcoin.com today.

What do you think about Markets.Bitcoin.com? Let us know your thoughts about the market cap web page in the comments below.


Images via Shutterstock, and Markets.Bitcoin.com.


Want to create your own secure cold storage paper wallet? Check our tools section. You can also enjoy the easiest way to buy Bitcoin online with us. Download your free Bitcoin wallet and head to our Purchase Bitcoin page where you can buy BCH and BTC securely.

 

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How to Check Median BTC and BCH Transaction Fees

Transaction fees are the cost that cryptocurrency users have to bear in order to keep the system going. Fees can vary significantly between networks and it is important to be able to check this before you decide which cryptocurrency to use for making your digital payments.

Also Read: Bitcoin Cash Upgrade and 30K Stores Accepting BCH in the Weekly Update From Bitcoin.com

Transaction Fees Differ by Orders of Magnitude

Bitcoinfees.cash is a website which tracks the median transaction fees for both bitcoin core (BTC) and bitcoin cash (BCH). The site displays the current median transaction fees alongside one another as well as a graph of historical median BTC and BCH transaction fees.

The median fees listed on the site are based on the past week of transaction data sourced from a few API providers. The live fee data is updated about every 10 minutes and the historical charts are updated weekly.

How to Check Median BTC and BCH Transaction Fees

Note that each coin has a different reference point as BTC fees are orders of magnitude more expensive than those for BCH. For example, the current median fee for BTC is $1.72, which is over 1,500 times higher than the current median fee BCH of just $0.0011.

The website offers an explanation for anyone out of the loop as to why BTC fees are so expensive compared with BCH and examines why they can skyrocket during times of congestion, as has happened in the past when many new users entered the market and were daunted by BTC’s high network fees.

What do you think about current BTC and BCH transaction fees? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

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