Bitpay and Refundo Now Provide Tax Return Payouts in BTC

On April 30, the global cryptocurrency payment processing firm Bitpay announced its partnership with the tax-related financial products and services provider Refundo. The collaboration will give U.S. residents the ability to receive all or a portion of their federal and state tax refunds in crypto.

Also read: How to Create a Bitcoin Cash Wallet With Cashaddress

Federal and State Tax Refunds Using Blockchain Payments

U.S. taxpayers now have the ability to get all or a portion of their federal and state tax refunds back in bitcoin core (BTC), according to the latest announcement from the Atlanta-based company Bitpay. The firm recently partnered with Refundo, a leading tax service provider founded in 2011. Refundo provides taxpayers with professional financial services alongside refunds, advances, and refund transfers.

The company says the partnership with Bitpay allows for a transparent and seamless experience during tax season. Refundo believes the underbanked could benefit from a refund experience tied to crypto because it could help bridge the gap for individuals with alternative banking needs.

“Refundo offers several options to help taxpayers receive their tax refunds safer, faster and more conveniently,” Roger Chinchilla, CEO at Refundo, said during the announcement. The tax service provider added:

Adding bitcoin was a natural fit for our customers who often do not have traditional checking accounts, pay high check cashing fees and regularly send money internationally. Coin-RT enables them to get bitcoin quickly and easily for one flat fee.

‘Demand for More Digital Choice’

The new Coin-RT product offers taxpayers an account and they are given a unique routing and account number to input on their tax return. Refundo users who want a refund in BTC must provide identification for KYC purposes and a valid BTC address. When the federal and state deposit comes in, Bitpay sends the crypto to the taxpayer’s wallet. Rolf Haag, head of business solutions at Bitpay, remarked that the Atlanta company is thrilled to help power Refundo’s new solution.

“Refundo can now offer their customers a bitcoin payout for their tax refunds, meeting their customers’ demand for a more digital choice,” Haag pointed out. The Bitpay executive also emphasized that the Refundo and Bitpay collaboration bolsters Bitpay payouts and payroll used in the global marketplace.

The partnership with Refundo follows Bitpay’s recent partnership with the leading global technology solutions company Avnet (Nasdaq: AVT). Avnet has also decided to accept crypto through Bitpay’s services for various products and services. Bitpay believes Avnet clientele and customers getting refunds from Refundo will benefit from the high-speed settlement and low-cost payouts delivered by blockchain payments. Speaking with a representative from Bitpay, news.Bitcoin.com asked the company whether the Refundo payouts will support bitcoin cash (BCH), to which Bitpay responded that at this current time they will only be in BTC.

What do you think about the recent partnership between Bitpay and Refundo giving U.S. taxpayers the ability to get refunds in BTC? Let us know what you think about this subject in the comments section below.

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Image credits: Shutterstock, Bitpay, and Refundo.

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Self-Styled Satoshi Accused of PGP Forgery in Kleiman vs Wright Lawsuit

The Southern District Court of Florida case, Kleiman v. Wright, continues to be one of the 10 most monitored court dockets in the state. On April 28, the Kleiman estate’s legal team responded to Wright’s most recent motion to dismiss the case by claiming that Wright submitted a forgery as evidence and allege the fraudulent imitation was created one year after David Kleiman’s death.

Also read: Uyen T Nguyen: The Powerful Young Woman Behind the Alleged ‘Satoshi Affair’

Kleiman Estate Believes Wright Took Over $11 Billion Worth of Bitcoins and Intellectual Property

The Kleiman v. Wright case continues in Florida this week as Craig Wright’s legal team recently attempted a motion to dismiss the case after Ira Kleiman’s recent deposition. The notorious case was filed by the Kleiman family in February 2018 because they believe the now deceased David Kleiman lost his bitcoin inheritance due to manipulative acts allegedly committed by Wright. The Kleiman estate thinks David may have been one of the creators of Bitcoin, and of course, Wright is already well known for claiming to be Satoshi. According to the Kleiman estate’s legal team, the case was initiated because of “Craig’s theft of over $11 billion worth of bitcoins and intellectual property from the estate of Dave Kleiman and W&K shortly after Dave’s 2013 death.” The plaintiffs believe W&K Info Defense Research was a Florida LLC founded by Dave in February 2011.

There was also an exhibit recently submitted as evidence that alleged David Kleiman had made Uyen Nguyen a director of W&K. However, on the Reddit forum r/cryptocurrency, a user claimed that the email exhibit was likely forged and the person gave step by step instructions on how he figured out the PGP signature was from 2014 and not 2012. The controversial Reddit user known as ‘Contrarian,’ who theorized the presumed fake key used in the exhibit, said the “same pref-hash-algos as Craig’s fake keys and were never updated.” Of course, the information about the purported PGP fakery spread like wildfire on the web and the “I am Satoshi Nakamoto” story didn’t add up for Wright once again. The document was also withdrawn from the court and the defense team detailed Wright “cannot verify the date of that email exchange.” Now Kleiman’s legal team has responded to Wright’s motion and stated:

Craig has lied to this court every single time he’s tried to dismiss this case — This motion is no exception.

‘Proclivity for Lying’

The Kleimans’ legal team insisted that Wright submitted false testimony claiming he had no relationship with W&K but then was “caught in a lie.” They also observed that Wright said he didn’t have any documents from the Australian Tax Office (ATO) but then claimed he had many documents from the ATO investigation in his possession. Then the plaintiff’s lawyers asserted that Wright’s latest motion to dismiss “demonstrates that his proclivity for lying to the court has no bounds.” The Kleimans want the judge to deny the dismissal due to an email that ostensibly shows Dave appointing Uyen Nguyen as a director of W&K. “Craig forged this fraudulent email a year after Dave’s death in an effort to facilitate his theft of W&K’s property,” the Kleiman’s attorney stressed. The lawyers continued:

[Wright’s] exhibit is a forgery he created a year after Dave’s death and which he only withdrew in the face of massive public condemnation for submitting fraudulent documents to this court.

Re-Deposing Wright on His Involvement With W&K Info Defense Research

The court filing submitted by the plaintiffs points out that the email’s PGP signature included a signing timestamp along with the ID of the key used as metadata but the email was not sent in 2012 but one year after Dave’s death. According to the attorneys, Wright emailed a draft of the forgery to himself six minutes before sending the final draft in question. “Notably, the forgery-in-progress wasn’t yet complete – it was missing the critical fields stating that the email came ‘From: Dave Kleiman [sic],” went “To: Uyen,’” the filing noted. After a “flurry” of public analysis, the plaintiffs retained Dr. Matthew J. Edman, an “expert in cryptography, bitcoin, and PGP software” to look at the email and he confirmed the signing was from March 12, 2014.

The latest response from the Kleiman legal team has argued that Wright has manipulated evidence and they submitted 11 exhibits in response. The Kleimans have also introduced a memorandum in support of re-deposing Wright on his involvement with W&K Info Defense Research. Besides the latest response with accusations of PGP forgery, the plaintiffs also want to depose his former and current wife on the matter of the pleadings by Ira Kleiman, David’s brother.

What do you think about the latest news stemming from the Kleiman v. Wright case? Let us know what you think about this subject in the comments section below.

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Image credits: Shutterstock, Court Listener, Reddit, r/cryptocurrency, and Pixabay.

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Did you know Bitcoin.com will soon be launching a peer-to-peer trading platform called Local Bitcoin Cash? The service will allow for direct exchange with people trading BCH all around the world. At Bitcoin.com we’re excited and it’s coming soon! If you want to stay notified for when the hottest new trading platform launches – Sign up here today!

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This App Teaches You How to Become a Bitcoin Cash Trader

If you are new to the crypto space and want to learn more about trading there’s a useful app that focuses on one of the most popular cryptocurrencies. Bitcoin Cash: Online Course gives you the basics and explains in detail the instruments that any successful trader should be using such as fundamental and technical analyses.

Also read: How to Create a Bitcoin Cash Wallet With Cashaddress

Learn the Basics of Crypto Trading and the Advantages of Bitcoin Cash

Bitcoin Cash: Online Course is a mobile application developed for Android devices. It’s an educational app that teaches bitcoin cash trading for beginners, including online and CFD trading. But before that, the app starts with a summary on cryptocurrencies and an explanation about blockchain technology and how it works.

The software provides an extensive description of bitcoin cash, the cryptocurrency that represents the original concept of Bitcoin – as peer-to-peer electronic cash. The online course goes on to point out the differences between Bitcoin Cash (BCH) and Bitcoin Core (BTC) and speaks about the future of BCH.

The application has a dedicated page on how to conduct fundamental analysis, which is very important in order to understand the external macroeconomic factors that could affect the price or the value of a particular cryptocurrency. It deals with questions like what problems bitcoin cash solves and lists its main advantages such as fast and low cost transactions.

The online course helps traders with understanding the importance of technical analysis, which involves the studying of patterns and trends, while recognizing the natural repetitive cycles that occur on the market. The app explores trend lines which typically move in three directions – upward, downward and sideways – and explains indicators such as moving averages.

The Bitcoin Cash: Online Course application also describes other trading instruments such as the Relative Strength Index, which is an oscillator used in measuring the speed and change of price movements. It helps traders recognize oversold and overbought market conditions.

Do you think apps like the BCH Online Course can help you become a successful bitcoin cash trader? 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.

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Images courtesy of Shutterstock, Bitcoin Cash: Online Course.

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Bahrain’s Regulatory Sandbox Teeming With Crypto Companies

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PR: CoinAll Lists Ravencoin With 10 BTC Giveaway

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

On April 2019, CoinAll, one of the fastest-growth cryptocurrency exchanges in the world, announced the listing of RVN and offered a 15-day fee-free RVN trading promotion. In the last months, RVN has attracted attention thanks to its price meteoric rise.

From April 26th, 2019 to to May 3rd, a 7-day RVN listing celebration was launched. CoinAll will give away 10 BTC for depositing and trading campaign during the celebration time.

Ravencoin is a digital peer to peer network that designed to efficiently handle one specific function: the transfer of assets from one party to another. Built on a fork of the Bitcoin code, Ravencoin was launched January 3rd, 2018, and is a truly open source project (no ICO or masternodes).

Katherine Deng, the general manager of CoinAll, said Ravecoin is a relatively young token but with high potential. It is essentially an open source fork of the Bitcoin code with faster block reward times and is aimed at censorship resistance, transparency and privacy. We will also continue to explore projects with high quality like Ravencoin for global users.

The developers offer a list of suggestions in their white paper about things can be sent with Ravencoin. Practically anything can be sent via Ravencoin due to its singular focus on that ability. Among the suggestions are: physical stores of value, like gold bars, silver ingots, or rare comic books; physical fiat currency and real estate deeds; virtual goods, like in-game currency or e-tickets for sporting events; and credit representations, like airline miles or gift cards.

The name of Ravencoin is borrowed from the fictional world of Game of Thrones. A Ravencoin post on Medium says: “In the fictional world of Westeros, ravens are used as messengers who carry statements of truth. Ravencoin is a use case specific blockchain designed to carry statements of truth about who owns what assets.”

CoinAll is committed to excavating global projects with high quality and potential. As a deep strategic partner of OKEx, the world’s top exchange, CoinAll shares OKEx’s world-leading security system, 24-hour global customer service, and transaction liquidity, and is devoted to bringing better projects and trading experience to their 20 million users’ community.

For more information:
https://support.coinall.com/hc/en-us/articles/360027650951-RVN-Listed-CoinAll-Share-10-BTC

Contact Email Address
kana.wen@coinall.com

Supporting Link:
www.coinall.com/?media=en

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its 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 content, goods or services mentioned in the press release.

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Dozens of Crypto Trademarks Filed in the US This Year

General interest in cryptocurrencies is not what it used to be during the all-time highs of 2017 and established companies in the industry have been rethinking their priorities. Entrepreneurship in the crypto space, characterized by ingenuity and optimism, remains strong however. This is shown by the fact that dozens of businesses and individuals in the U.S. have filed for crypto-related trademarks this year.

Also read: Russia Prepares to Test Cryptocurrencies in Four of Its Regions

Giants Fascinated by Crypto Again?

For a while it seemed the times when large corporations were competing to apply for patents and trademarks for crypto and blockchain products had passed. But towards the end of December, South Korean electronics manufacturing giant Samsung registered a trademark in the U.K., Samsung Crypto Wallet, which gave credibility to the rumors about the upcoming integration of a digital currency wallet into its new flagship smartphone.

Then recently, footwear and sportswear manufacturer Nike filed for a trademark called “Cryptokicks.” The application was submitted to the U.S. Patent and Trademark Office (USPTO) on April 19 and covers a number of products and services related to cryptocurrencies. Some of the listed items refer to a marketplace for buyers and sellers of digital currency assets and an online retail store featuring footwear and clothing.

Other large companies that have previously applied for crypto-related patents and trademarks include globally recognizable names such as Mastercard, Amazon and Walmart. In most cases, however, the products and services mentioned in the filings are yet to be developed and introduced to the market. At the same time, many small businesses and individual entrepreneurs who file for crypto trademarks and patents actually rely on them to build their business. In other words, they don’t do it ‘just in case.’

Crypto Services to Be Offered Under New Trademarks

Despite the effects of the ubiquitous crypto winter, the growing number of applications for trademarks containing the word “crypto” is undoubtedly a positive sign. Some of the entries registered with the USPTO may provoke laughter: “In Crypto We Trust” is an educational service, “Crypto for Idiots” is a podcast project with similar intentions, “Cuts for Crypto” is a men’s grooming service, “Middle Finger Money” is a new coin, and “Crypto Vodka” is self-explanatory. Others represent products and services that will increase competition in the industry and provide more use cases for cryptocurrencies.

For example, Wyer or Finclusive are brand names of software products that will facilitate the acceptance of crypto payments and the processing of digital asset transactions. Stasia is the trademark of a platform for cryptocurrency exchange and brokerage services. An application has been filed by Laborx, an Australian company that has developed a hiring service supporting pay-as-you-work crypto salaries instead of monthly fiat payments, and Celsius is the name of the platform for saving, lending and borrowing digital coins.

According to the Patent Office’s database, dozens, if not hundreds, of applications for crypto trademarks have been filed with the USPTO since the beginning of the year. Some of them have already been approved and registered. Among them is Somee, an Internet-based censorship-resistant social network, which promises to build a community that will control the distribution of its private data. Another one is Net Element, which is a platform for processing payments with credit cards and cryptocurrencies. How many of these new trademarks will prove successful on the market remains to be seen.

Do you think the growing number of new crypto trademark applications indicates that businesses feel optimistic about the future of the industry? Share your thoughts in the comments section below.

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At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? The Bitcoin Cash Notary tool allows you to prove ownership of copyrighted material and back up important documents by storing a cryptographic digest in the Bitcoin Cash blockchain.

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Bitcoin History Part 11: The First Major Loss of Coins

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A Bitcoin Cash Fork of Decentralized Exchange Bisq Is on the Horizon

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Bitmain Aims to Leapfrog Competition With Its Next-Gen Bitcoin Miner

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How to Monetize Your Blog or Website With Bitcoin Games

If you have a popular website, blog or even a large mailing list of people interested in cryptocurrencies or online games, there are a few ways to monetize your traffic. One quick and easy revenue-generating solution is to create a referral program that’s tailored to the interests of your audience.

Also Read: How to Start Cloud Mining Bitcoin Cash

Monetize Your Traffic With a Referral Program

A referral program offers content creators the option to make money from their work, not by getting paid a few cents to display ads, but by sharing revenues based on success. Bitcoin.com offers such a service, related to the promotion of our online gaming section. Joining the Bitcoin Games Referral Program requires no registration and lets you earn up to 25% of the house edge on all bets made by people you direct to the site, with no top limit on how much you can earn.

Bitcoin.com’s entertainment section offers a multitude of games such as Slots, Blackjack, Video Poker, Dice, Roulette, Keno and Craps. Players don’t need to register and can enjoy the games anonymously. At the same time, the platform also offers two-factor authentication, password protected accounts and a dedicated customer support team. These features make it easy to get involved, and ensure a steady stream of revenues from the players you referred.

To join the referral program all you have to do is go to the Bitcoin Games referral page, and your account will already be automatically set up. There you can find your unique referral link and banners in many shapes and sizes to share. The same page can also be used to track your earnings and referral statistics.

Have you tried the Bitcoin Games referral program? Share your thoughts in the comments section below.

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Images courtesy of Shutterstock.

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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 Satoshi’s Pulse, another original and free service from Bitcoin.com.

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24 Countries and IMF Discuss Global Standards of Crypto Regulation

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As Projects Flock to Binance Chain, Its DEX Has a Lot to Live up To

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Twitter Shenanigans and Tether Probe in the Weekly Video Update From Bitcoin.com

Cryptocurrency advocates try to get the CEO of Twitter to ban @Bitcoin and the New York Attorney General goes after the company behind Tether. This and more in the weekly video news update on Bitcoin.com’s Youtube channel.

Also Read: How to Start Cloud Mining Bitcoin Cash

Watch Bitcoin.com’s Weekly News Update

This week’s show covers the latest attempts by BTC maximalists to deplatform @Bitcoin from Twitter over the account owner’s pro-BCH stance. One of them shared a private message sent to to the social media company’s CEO, Jack Dorsey, about getting the @Bitcoin account banned, to which he replied: “What do you recommend we do with it?” This might be a prelude to a new round of censorship on the platform.

Also discussed is the announcement by New York Attorney General Letitia James that her office obtained a court order against iFinex Inc., operator of the Bitfinex exchange, and Tether Limited, issuer of the USDT, in connection with activities that may have defrauded investors. “Our investigation has determined that the operators of the ‘Bitfinex’ trading platform, who also control the ‘tether’ virtual currency, have engaged in a cover-up to hide the apparent loss of $850 million dollars of co-mingled client and corporate funds,” said James.

Other subjects discussed in the weekly update include an investment by Samsung in hardware wallet Ledger, the growing number of bitcoin cash meetups around the world, BCH donations, new merchant solutions, new tokens and upgrades to the protocol.

Make sure to subscribe to the Bitcoin.com Youtube channel and leave a comment on the latest video.

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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 Satoshi’s Pulse, another original and free service from Bitcoin.com.

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Wizsec Security Blames Coinlab After Mt. Gox Trustee Delays Proceedings

On April 25, the Mt. Gox civil rehabilitation trustee Nobuaki Kobayashi published a new announcement concerning the deadline for the rehabilitation plan. According to the letter sent to Mt. Gox creditors, Kobayashi has delayed the proceedings for another six months due to “undetermined” claims. Following the announcement, bitcoin security specialists Wizsec published a scathing critique of the Coinlab claim for US$16 billion and alleged that it was “the elephant in the room causing this delay.”

Also read: Mt. Gox Restitution Process Frozen Due to One Man’s $16B Claim

Mt. Gox Civil Rehabilitation Proceedings Delayed Another 6 Months

The Mt. Gox proceedings have been delayed once again according to the court trustee’s latest letter to creditors, which says claimants now have to wait until Oct. 28, 2019. Nobuaki Kobayashi detailed that it is “not possible at this moment to make appropriate provisions in a rehabilitation plan.” Moreover, Kobayashi also mentioned the court still has to deal with “undetermined rehabilitation claims” and in light of the issue he filed a motion to seek an extension of the submission deadline.

“A large amount of rehabilitation claims that the rehabilitation trustee fully or partially disapproved remains undetermined for being subject to claim assessment procedures,” the letter notes.

The latest letter from the Mt. Gox civil rehabilitation trustee follows the coordinator of the largest Mt. Gox legal team, Andy Pag’s decision to resign from his position. Pag had decided to sell his Mt. Gox claim and explained that he believed a settlement could take years. The founder of Mt. Gox Legal addressed some issues he had with Mark Karpeles but said the main reason for the rehabilitation delay was because of Coinlab’s claim. After the letter on April 25 from the court trustee, security researchers Wizsec published an editorial that lambastes Coinlab and its CEO Peter Vessenes over the enormous claim. Essentially, Wizsec describes how Coinlab justifies a $16 billion dollar claim that is over and above every claimant’s filing. Wizsec’s report states that the security researchers acquired a copy of the latest court petitions in order to get to the bottom of the situation.

The Elephant in the Room

Coinlab is a claimant because back in 2012 it allegedly made a deal with Tibanne, the parent company of Mt. Gox, with the hope of securing the rights to both U.S. and Canadian Mt. Gox customers. However, the deal never came to fruition and Coinlab sued Tibanne for $75 million and Tibanne attempted to sue them back. Then Mt. Gox went bankrupt and the Coinlab legal battle forged its way into bankruptcy proceedings and ultimately the rehabilitation process. Coinlab now wants $16 billion and Wizsec says it is because Coinlab is assuming Mt. Gox would have stayed in business for the last five years. “CoinLab [claims it] was unfairly robbed of revenue that they would have earned had the license agreement been fulfilled,” Wizsec writes in the latest post.

“Here’s where Coinlab’s claim starts going off the rails,” Wizsec states. “Coinlab reasons that since the agreement was for a term of 10 years, plus a strangely one-sided post-termination clause giving them continued revenue sharing for an additional 5 years after termination, CoinLab is actually owed a full 15 years of revenue on 25% of global trade volume.” The security researcher’s paper continues:

They’re basing their claim on the assumption that the Mt. Gox collapse never happened, first extrapolating their 25% “share” of global trade volume all the way until present date, and then extrapolating the last 12 months worth of trading all the way to 2027 and taking “their cut” on trades that haven’t even happened yet.

Wizsec says Coinlab has argued for the revenue Mt. Gox made before it went under and then calculated that “between March 2014 and September 2018 they are owed damages for lost revenue equal to global trade volume × 25%.” According to Wizsec, the Coinlab claim extrapolates those numbers to the year 2027 as well and has also added legal fees and an extra $1,127,731,005 per year because the proceedings dragged out past 2018. The researchers’ editorial also notes that the rehabilitation trustee has said the Coinlab claim is “impossible and completely groundless.” Kobayashi appears to be fighting the claim, Wizsec notes, and he has shown no indication of compromise thus far according to the post. But the security researchers conclude that Peter Vessenes and Coinlab are not giving up so easy and plan to “exhaust every legal avenue.”

“To continue to argue this frivolous claim at the direct expense of tens of thousands of people who actually lost their own money is utterly shameless,” concludes Wizsec.

What do you think about the six-month delay and the recent editorial written by bitcoin security researchers Wizsec? Let us know what you think about this subject in the comments section below.

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Image credits: Shutterstock, Wizsec, and Mt. Gox.

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Verify and track bitcoin cash transactions on our BCH Block Explorer, the best block explorer of its kind that lets you track BCH from anywhere in the world.

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Blockchain Projects Bloom as Crypto Spring Fuels a Fundraising Boom

As crypto winter subsides, spring has sprung in the cryptosphere, ushering in green shoots of growth across the board. Attention has largely focused on the increase in digital asset prices, as cryptocurrencies have swelled by an average of 40% in 2019. But away from the frothy market action, there is far more tangible evidence that the worst of the downturn is over. Scores of crypto projects have reported renewed interest from investors, signaling that better times are ahead.

Also read: How to Create a Bitcoin Cash Wallet With Cashaddress

Crypto Spring Is in Full Bloom

There is still significant debate as to whether we’ve officially exited the bear market that has dragged on since early 2018. Some commenters, such as Vinny Lingham, believe BTC will have to surpass $6K territory again for that to occur. Regardless of whether bitcoin’s cup is currently deemed to be half full or half empty, what’s indisputable is that raising funds has become significantly easier for crypto projects since the market perked up a months ago. This week, news.Bitcoin.com spoke to more than half a dozen projects that all reported a similar story: investors have loosened their purse strings.

While the most obvious manifestation of this has been in initial exchange offerings, away from the IEO market, a broad array of crypto projects have good tidings to report. Kinesis is a yield-bearing digital asset which is backed by physical gold and silver. Its CEO Thomas Coughlin told news.Bitcoin.com: “It’s great to see renewed interest in the crypto markets and with our own Kinesis stablecoin sale, we’ve seen a surge in interest and investment from the crypto community. The heating up of the markets has attracted newcomers and renewed confidence from those who were waiting for more favorable conditions to get involved.”

This sentiment was echoed by GEO Protocol, a layer three solution that aims to connect networks to create a universal value transfer system. Earlier this month, the project announced it had closed a seed round with US firm Coinfund, with the timing of the deal aided by a propitious fundraising climate. “Crypto winter has washed away many of the weaker and more dubious projects,” Dima Kovalchuk, business development director at GEO Protocol, told news.Bitcoin.com. “Nowadays investors are much more picky. If a year ago they could give money to virtually anyone, now they are looking for prospective projects with deep technical expertise, like GEO Protocol. That indicates that the market has matured, and is ready for take-off, on a basis that will be much more justified by real innovation and economics.”

More Whales, More Action

All across the cryptosphere, there are signs that something has stirred, awakening former giants, from “retired” traders coaxed back into the game, to dormant whales reawakened and willing to thrown down large sums on projects with wanton abandon. Roobee, a blockchain-based investment service, has been one such beneficiary, having raised $4.5 million in pre-seed funding with the aid of a famous crypto whale who chipped in $1 million alone, encoding their 200 BTC transaction with the words “In Roobee I Trust” as an added flourish.

Finally, cryptocurrency service providers have reported an uptick in activity. Felipe Vorobey, who oversees Cash Games for Bitcoin.com, reports that “in the past three weeks the number of both new and returning players has significantly increased. This is a clear indication that crypto users are looking to own more BCH and in finding fun ways to participate in the cryptoconomy, such as gaming.”

Jumber Kruashvili of market data site Coinlore reported similar findings, telling news.Bitcoin.com that site traffic and registrations are up by 20% in the past month, and the average time spent on the site has increased, with BTC, BNB, ETH, and OMG among the most popular pages visited. It would be premature to predict that a full-blown bull market is imminent. Nevertheless, there are clear signs that crypto winter has melted away, leaving behind the first blossoms of an industry rejuvenated.

Do you think the crypto market will maintain its recovery, or are there more trying times ahead? Let us know in the comments section below.

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Images courtesy of Shutterstock.

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Ready to put your luck to the test Satoshi-style? Our online Bitcoin casino lets you play an array of BTC games including BTC slots, BTC poker, and many more. Plus, all of our Bitcoin gambling games are provably fair!

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Finland Begins Regulating Cryptocurrency Service Providers

Finland’s president has approved a law to regulate cryptocurrency service providers including exchanges, custodian wallet providers, and issuers of cryptocurrencies. The law will enter into force next week. Crypto service providers will need to register with the country’s Financial Supervisory Authority and meet statutory requirements.

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

Finland Approves Crypto Law

Finland’s Ministry of Finance announced Friday that the president of the country has approved the Act on Virtual Currency Providers. The Finnish Financial Supervisory Authority (Fin-FSA), responsible for regulating Finland’s financial markets, independently announced Friday:

The Act on Virtual Currency Providers enters into force on 1 May. In accordance with the act, the Financial Supervisory Authority (Fin-FSA) will act as the registration authority and supervisory authority for virtual currency providers.

Registration Requirements

The Fin-FSA explained that registration is required for “virtual currency exchange services,” “custodian wallet providers,” and “issuers of virtual currencies.” These providers must comply with statutory requirements. For example, they must be reliable and able to hold and protect client money. They must also segregate client money from their own funds and comply with AML and CFT regulations.

The Finnish financial watchdog elaborated:

Going forward, only virtual currency providers meeting statutory requirements are able to carry on their activities in Finland. Virtual currency providers which do not comply with statutory requirements will be prohibited from continuing their business activities, enforced by a conditional fine.

The law has a transitional provision which allows existing crypto service providers to continue to operate in the country without registration until Nov. 1. The Fin-FSA will hold a briefing on May 15 at the Bank of Finland to explain the new rules to both existing crypto service providers and those planning to start offering related services.

Complying With EU’s Legislation

The Fin-FSA noted that these new requirements are based on the May 2018 amendments to the EU Anti-Money Laundering Directive (the Fifth Money Laundering Directive), adding:

All EU member states must include services related to virtual currencies within the scope of AML/CFT legislation by 10 January 2020.

Further, registration with the Fin-FSA does not allow the service provider to operate in another EU country as each member state has its own law that must be followed.

Prior to the president approving the law, Helsinki-based crypto marketplace Localbitcoins announced that it had been working on improvement measures to conform to the new regulation and had launched “a new account registration process where users can verify basic information already during sign-up.”

Do you think Finland should regulate crypto service providers? Let us know in the comments section below.

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Images courtesy of Shutterstock.

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More Cashshuffle Compatible Wallets Are Coming to Bitcoin Cash

On April 27, Electron Cash founder Jonald Fyookball revealed a new milestone for the Cashshuffle protocol when he announced the release of the Cashshuffle JS library. According to Fyookball, the software is a “major step” toward Cashshuffle being implemented into other light wallets.

Also read: BCH Developer Builds Onchain Token Auction Console — SLP Agora

Cashshuffle Milestone Unlocked

News.Bitcoin.com recently reported on the Cashshuffle application getting a lot of traction as the protocol has mixed millions of dollars’ worth of BCH since the Electron Cash launch. Cashshuffle is a BCH shuffling protocol that allows anyone to mix BCH transactions without worrying about funds being stolen. Bitcoin Cash proponents are still mixing away as the community shuffled approximately 2,765 BCH or $729,960 last week. The average shuffle during this period was 2.7 BCH or $713 according to Cashshuffle statistics. On Saturday, Jonald Fyookball, the lead developer of Electron Cash, told the BCH community that the team recently launched a JS library for the protocol, which will help other wallets implement the feature. For instance, developers who work on the Bitcoin.com Wallet plan to add the Cashshuffle protocol soon.

“Milestone unlocked — Cashshuffle JS library is here,” Fyookball announced on the Reddit forum r/btc. “This was a major, major step toward getting [Cashshuffle] into the Bitcoin.com wallet.”

Fyookball emphasized that the developer dubbed ‘Always Anon’ did most of the Cashshuffle JS library’s “heavy lifting” as far as the code is concerned and the community should thank him. The library is hosted on Github which explains that the software is a Javascript Cashshuffle client for use in front-end web applications and browsers. The new JS library is based on the original Cashshuffle implementation but the developers warn this particular client is an “early alpha release.” The Cashshuffle JS client developers have stated they are looking for feedback, suggestions and noted that pull requests are welcome.

BCH Community Looks Forward to More Cashshuffle Capable Wallets

BCH supporters were thrilled to hear that a Cashshuffle JS library has been released and look forward to seeing the protocol implemented into other wallets. On Redditor wrote: “This is exciting news — Hoping to see this built into more wallets.” Another commenter said he hopes to see the Cashshuffle protocol integrated into the Bchd full node written in Golang so that Neutrino would be “one of the most privacy preserving wallets out there.” When asked if Bchd would be implementing Cashshuffle into the client, project developer Chris Pacia detailed that he didn’t have plans to write the code, but other people were looking into writing a Go client for Cashshuffle.

Since the Cashshuffle platform was released on Electron Cash the application has received significant attention. The good news was also followed up with a code assessment by Kudelski Security so the community could be sure the platform was secure. The reason people want more wallets to use the Cashshuffle protocol is because it will bring the tech to more people which in turn will bolster liquidity and BCH fungibility as well. So far only the Electron Cash desktop wallet supports the shuffling program but with the latest JS library release, it seems more clients are on the horizon.

What do you think about the latest Cashshuffle JS library release? Let us know what you think about this subject in the comments section below.

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Image credits: Shutterstock, Cashshuffle, Bitcoin.com, and Github.

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The post More Cashshuffle Compatible Wallets Are Coming to Bitcoin Cash appeared first on Bitcoin News.

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How to Create a Bitcoin Cash Wallet With Cashaddress

Setting up a bitcoin cash wallet is one of the first steps to getting involved in the world of peer-to-peer electronic cash. And while there are many established wallet providers that support BCH, you can use the Cashaddress platform to create a bitcoin cash wallet all by yourself.

Also read: Smartphone Wallpaper Lets You Track the Price of Your Favorite Coins

Generate Random BCH Public Address and Private Key

Cashaddress.org is a free and open source Javascript bitcoin cash wallet generator which lets you create several types of BCH wallets – single, paper, bulk, vanity, and split wallet – and it’s available in multiple languages. Your BCH address is generated when you type random characters into a textbox or simply move your mouse around in your browser.

The website provides you with a public bitcoin cash address, which you can share with others who want or need to send you BCH, and a private key that has to remain secret. They are also represented as QR codes. After funds have been added to your wallet you can always check your balance with a block explorer.

Bitcoin Cash Block Explorer is a free and easy to use tool developed by Bitcoin.com. After submitting your public address in the search bar, you’ll receive information about your current balance, number of transactions, total received and total spent in BCH and in U.S. dollars. You can also see the legacy and SLP addresses corresponding to your cash address and check your SLP balances if you have any tokens.

To protect their Cashaddress wallets, users must print or record both the address and the key, while also making a backup copy of the latter and storing it safely. Note that clicking “Generate New Address” will create a new public address with its private key, so make sure you have saved the ones you want to use.

There’s an option to create a paper BCH wallet as well. The dedicated page allows you to generate multiple addresses and BIP38 password encrypted wallets. You can also use Bitcoin.com’s Paper Wallet tool to print your wallet and find out more about the benefits of paper wallets.

In Cashaddress’s Wallet Details section you can have your private key encoded in different formats. The platform shows your bitcoin cash key in the most popular ones – WIF, WIFC, HEX, and B64. The website also provides instructions on how to create a truly random BCH private key using dice and how to find the bitcoin cash address associated with your B6 key.

Have you used similar platforms to create your own bitcoin cash wallet? Let us know 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.

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Images courtesy of Shutterstock, Crypto Bubbles, Cashaddress.org.

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Do you need a reliable Bitcoin mobile wallet to send, receive, and store your coins? Download one for free from us and then head to our Purchase Bitcoin page where you can quickly buy BCH and BTC with a credit card.

The post How to Create a Bitcoin Cash Wallet With Cashaddress appeared first on Bitcoin News.

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Old Twitter Account Gives Away $10K in Bitcoin Cash in 48 Hours

Over the last two days, Bitcoin Cash (BCH) supporters have noticed a Twitter handle called @Bitcoininfo tipping a bunch of random individuals and nonprofit organizations significant amounts of BCH. The Twitter profile with 107,000 followers revealed on April 26 that it gave away $10,000 in BCH using the tipping bot Tippr.

Also read: Researchers Find Hundreds of Ethereum Wallets at Risk Due to Weak Key Pairs

Dispersing $10K in Bitcoin Cash With Tippr

This week the BCH community and nonprofit organizations witnessed a lot of BCH tipping on social media. A Twitter handle that goes by the name @Bitcoininfo spread BCH around the web using Tippr, the social media tipping bot that dispenses BCH. The Twitter account gave away a total of $10,000 worth of BCH over the last 48 hours with its last 0.2515 BCH going to the charity @Eatbch.

The Twitter handle gave away funds to people like popular libertarian blogger @Libertydoll who had her Paypal account suspended, the group Find Bitcoin Cash, Bitcoin ABC, Bitcoin Unlimited, Flowee the Hub, Libre Office, Openbazaar, and a ton of other random people on Twitter. Some people simply asked the Twitter handle for money and the account just gave them a $50 tip in BCH. One person asked “Can I get $50?” and @Bitcoininfo replied “No,” before sending the user $51 instead.

The Twitter account also tipped well known crypto luminaries like the developers Jeff Garzik and Gavin Andresen. After giving away countless tips of $50-500 fractions of BCH, the Twitter handle would sometimes tell the user to “spend it, save it or pay it forward.” Some BCH fans did in fact tip other users after getting a tip from the mystery Twitter account. @Bitcoininfo dispersed much larger $500 increments to nonprofits like the Water Project, Tor Project, Eatbch, Bitcoin Cash Association, Coindance, Pathways Canada, the Internet Archive, Ethiopia Aid, East African Center, Gnome Foundation, and Electronic Frontier Foundation. After tipping so many random individuals and organizations, people really began noticing @Bitcoininfo’s generosity. Reddit users on r/btc started tallying up all the funds the account gave away when it reached $6,600.

A Generous OG Bitcoiner from 2011

Seeing how the account joined Twitter in 2011, one user wrote that he loved seeing early adopters who are “supportive of ecosystem development” give so much. “Looks like @Bitcoininfo is one of the many early Bitcoiners that understands that Bitcoin Cash is Bitcoin,” the commenter on r/btc remarked. “I actually use Bitcoin now (aka: bitcoin cash) — Some people don’t seem to understand that using it as a medium of exchange is making it valuable,” @Bitcoininfo tweeted on April 26. On the same day, the Twitter account stated that it had emptied its tip wallet after giving away fractions of BCH to numerous individuals and nonprofits.

“My Tippr bot wallet is empty now,” @Bitcoininfo detailed on Twitter. “That was $10,000 worth of bitcoin cash in Twitter tips.”

Of course, the BCH community was thrilled to see the “OG bitcoiner” give away thousands of dollars in bitcoin cash. Many supporters wholeheartedly believe that actually using the cryptocurrency goes much further than holding digital assets for speculative purposes. The mysterious BCH tipper on Twitter is still continuing to spread the word about the benefits of BCH to various people and charitable causes. After the giving spree ended, @Bitcoininfo asked the Bitgive founder Connie Gallippi on Friday if the nonprofit accepts bitcoin cash.

What do you think about the @Bitcoininfo handle giving away $10,000 worth of BCH over the last two days? Let us know what you think about this subject in the comments section below.

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Image credits: Shutterstock, and Twitter.

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Have you seen our Bitcoin Cash (BCH) tips generator? Anyone can create tips in order to give BCH by email or printable tickets. Recipients easily redeem tips by visiting a web page with instructions, and if the funds are not redeemed you get the money back. Check it out today!

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Smartphone Wallpaper Lets You Track the Price of Your Favorite Coins

Crypto investors are always keen to stay updated about market movements that change the value of their holdings. A live wallpaper for smartphones called Crypto Bubbles allows you to keep track of the prices of multiple coins at a glance.

Also read: Crypto of the Day App Gauges Investor Sentiment and Market Trends

Get Crypto Price Data Directly on Your Homescreen

Crypto Bubbles is a simple app developed for Android devices that gives traders an opportunity to monitor the price changes of their favorite cryptocurrencies on the go. Users can select up to 7 out of 1,200 supported cryptos, including major coins such as bitcoin cash, and display them on their homescreen or lockscreen as a live wallpaper.

The price difference for a specified time period is represented in percentage points. The indicator determines the size and the color of the bubble of the respective digital coin. The free version of the software can track 24-hour and 7-day price changes, and 30-day data is included in the paid subscription.

Various other parameters can be adjusted from the Settings menu. For example, traders can control the battery usage of the application by selecting a preferred frames-per-second rate. They are also able to choose different data update intervals, from 5-minute to daily.

Users can determine the information they want to be displayed inside the bubbles and choose a preferred background. The free Crypto Bubbles supports two fiat currencies, U.S. dollar and euro, which it uses for reference when calculating the price changes.

Additional features and settings can be unlocked by downloading and installing the paid version of the Crypto Bubbles app. User-defined settings can be migrated from the free to the pro software.

Do you know other mobile applications that allow you to track crypto price changes on the go? 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.

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Images courtesy of Shutterstock, Crypto Bubbles.

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Do you want to keep an eye on moving cryptocurrency prices? Visit our Bitcoin Markets tool to get real-time price updates, and head over to our Blockchain Explorer tool to view all previous BCH and BTC transactions.

The post Smartphone Wallpaper Lets You Track the Price of Your Favorite Coins appeared first on Bitcoin News.

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