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Tag Archives: Bitcoin

The US government aims to impose a tax on bitcoin in order to mitigate its environmental consequences

Computers used to secure cryptocurrencies such as bitcoin consume significant amounts of power, leading to increased electricity prices and potentially contributing to climate change. Now, the US government is determined to address the issueExperts caution that the US government’s proposal to tax cryptocurrency miners, aimed at curbing the industry’s significant …

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Bitcoin hits $5,000 and the Chinese Government bans ICOs sending the market into a freefall, are we witnessing a cryptocurrency crash?

Cryptocurrency crash

Bitcoin hit a major milestone on Friday. The cryptocurrency finally surpassed $5,000 in value. This coincided with an announcement from China that ICO’s are now illegal. These two factors then prompted a massive market selloff that bought the value of every major cryptocurrency tumbling down. The market shows no signs …

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Steem, A New Bitcoin Alternative, Soars

For the most part, Bitcoin remains the dominant force in cryptocurrency. Bitcoin has slowly but surely gained more influence in society, and has performed very well in 2016 despite mixed projections heading into the year. It’s had its setbacks, sure — like not being accepted in the Windows app store …

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