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Extreme Ways People Keep Bitcoin Safe
Bitcoin
Extreme Ways People Keep Bitcoin Safe
Bitcoin’s value is worth so much that people are getting very cautious about how they store their Bitcoin. With the numerous hacks and security flaws in specific wallets, Dutchman Martijn Wismeijer has come up with a drastic solution. In 2014, Martijn Wismeijer had two near field communication (NFC) chips surgically implanted into each hand. These NFC chips are not ordinary, since they store his encrypted Bitcoin keys. You can’t blame…
Bitcoin is Allowed for Muslims
Bitcoin
Bitcoin is Allowed for Muslims
 Under the Sharia law, there is a classification between halal for allowed practices and haram for not permissible methods. Muslims can finally breathe a sigh of relief as a report by Blossom Finance has classified Bitcoin as halal under Sharia Law. Blossom Finance is an Indonesian startup which uses a profit-sharing model called ‘musharakah’ to provide interest-free financing products to Muslims the world over. Blossom Finance with the help of…
Coinbase’s Tax Computing Tool and Issues With It
Bitcoin
Coinbase’s Tax Computing Tool and Issues With It
For those who haven’t noticed, Coinbase has made life somewhat easier for cryptocurrency investors, through their rollout of a cryptocurrency tax computing tool. This will primarily help American cryptocurrency holders accurately deal with their cryptocurrency gains, which have been notoriously difficult for layman investors to account for in their tax forms. This is also in all probability a welcome development for the Internal Revenue Service (IRS), which has expressed concern…
Technological India Hit by Their Biggest Crypto Theft
Bitcoin
Technological India Hit by Their Biggest Crypto Theft
The crypto sphere in India is going through a very rough April, with worse news published today. The Reserve Bank of India (RBI) has enforced strict restrictions to cryptocurrency in their latest circular in April beginning. Today nearly 438 Bitcoins which is worth over INR 20 Crore (US$ 3,066,308) has been stolen from a top exchange in India called Coinsecure. Things are going from bad to worse for cryptocurrency in…