New Zealand Legalizes Wages Paid in Bitcoin

Companies based in New Zealand can now pay salaries in cryptocurrencies like bitcoin, according to a new ruling. The New Zealand Inland Revenue announced on August 7 that companies which choose to pay their employee in cryptocurrencies can file for tax deduction under the existing scheme. The move verified bitcoin as a legal wager-payment method,…

What Pumped Tezos (XTZ) by Up To 50% This Week

Tezos (XTZ) is returning impressive profits to its investors this week. The world’s fifteenth largest cryptocurrency was up 50 percent yesterday on a 7-day timeframe. It established a higher high of $1.474 according to data fetched by CoinStats’ cryptocurrency portfolio management app. The price slipped this Friday, but a marginal percentage, maintaining the upside streak…

Facebook Goes Cold Feet on Libra Cryptocurrency

Facebook is doubtful about the launch of its controversial cryptocurrency Libra. The social media giant said in its SEC filing that they might not go ahead with their plans due to “significant regulatory scrutiny.” It also noted that Libra could adversely affect its business, reputation, or financial results. “Market acceptance of such currency is subject…

Ethereum at the Core of Microsoft’s Collaborative AI Solutions

Researchers at Microsoft are attempting to create a machine learning distribution model atop the Ethereum blockchain. Justin Harris and Bo Waggoner are looking to decentralize an otherwise expensive and burdensome process of accessing machine learning systems. In a paper published at Microsoft Research Blog, the duo explains the underlying issues with the current distribution model…

Trading Ethereum in a Bear Market: Opinion

Despite being one of the most influential blockchain projects out there, Ethereum has been unable to impress investors in 2019. The second-largest cryptocurrency by market cap is down more than 26 percent in July. And regardless of an impressive YTD return of 60 percent, it remained dwarfed before bitcoin, whose yearly returns are almost triple…

Don’t Party Tron Believers, For the Crypto is Still Bearish

The Tron (TRX) market stepped into light on Wednesday as investors’ confident in the cryptocurrency returned. The world’s twelfth biggest blockchain asset posted two consecutively sessions in green until Thursday. Ahead of the close, the TRX/BTC exchange rate had established 247 sats as its intraday peak, up 14.88 percent from its local swing low, shows…