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13 Jul 0

Buy Bitcoin Sign appeared at Congress

When Federal Reserve chair Janet Yellen testified at the Congress today, one attendee showed a buy bitcoin sign.

Yellen appeared before the House Financial Services Committee to talk about the state of the US economy and field questions from committee members. As chief of the US central bank, Yellen also spoke about a recent semi-annual report delivered to Congress by the Fed.

As chief of the US central bank, Yellen also talked about a recent semi-annual report delivered to Congress by the Fed.

While Yellen was expressing her willingness to raise interest rates amidst a healthier economic climate (following years of near-zero rates instituted in the wake of the 2008 financial crisis), there was one attendee who captured media coverage because he held up a buy bitcoin sign behind Yellen.

A screenshot of the event was tweeted by CNBC Steve Kopack, and later shared by other people who have been watching Yellen’s testimony.

buy bitcoin sign

The identity of the man who held up the buy bitcoin sign is not clear yet.

Yet in a follow-up tweet, Wall Street Journal national economics correspondent Nick Timiraos reported that the individual, along with another, had left the room “after a staffer made some instruction to them.” Video published by Bloomberg shows the two individuals being spoken to by a staffer.

Yellen, who told in 2014 that the Fed “doesn’t have the authority to supervise or regulate bitcoin in any way” – remarked that she believes that the blockchain is an “important technology”.

Thanks to her work, the Fed decided to publish some of its internal researchers into the distributed ledger tech, releasing its first report on the topic back in December.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
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adoption, bitcoin, blockchain, news, Regulation
japan bitcoin flag1 1024x576
12 Jul 0

Bic Camera: new merchants accept Bitcoin in Japan

A new electronics retailer decided to start accepting bitcoin in Japan as one of the available payment methods in all its shops within the country.

It is Bic Camera that began to accept bitcoin at several shops back in April, and that is now it is looking to expand this payment after seeing huge levels of demand from its customers.

The retailer is taking payments in the digital currency thanks to a partnership with the domestic bitcoin exchange called bitFlyer, so they can convert bitcoin into yen right after the acceptance.

Bic Camera sells a wide range of products, including cameras, computers and home appliances like fridges and washing machines.

News that Bic Camera is accepting bitcoin at more locations came after the Japanese government’s new regulations around digital currencies and the exchange services. Among those, for example, there is a legal definition for bitcoin as a kind of payment instrument and the decision to eliminate bitcoin taxation.

Also, this could be one reason why we might aspect a new growth in the bitcoin price in the next days.

Read more about Bitcoin in Japan here.

 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
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Articles, bitcoin, bitcoin news, news
600 462587340
8 Jul 0

Bitcoin Meetup in Rome with Riccardo Casatta and more

bitcoin meetup

On July 10th, a new Bitcoin meetup will be organized in Rome thanks to the Blockchain Education Network Italia. 

This bitcoin meetup aims at spreading the word about the blockchain and being a meeting place for all the enthusiasts of the distributed ledger and digital currencies.

The evening will host different meetings with two major experts in the industry:

After their speeches, there will be a pitch with a few startups that work in the industry and free networking with pizza and beer for free.

The event is free, but in order to have access you need to register yourself on Eventbrite here:
https://www.eventbrite.it/e/biglietti-blockchainedu-meetup-roma-35736918084

Click here to read more about this bitcoin meetup: https://www.meetup.com/Bitcoin-Generation-Roma/events/241266421/

This event is sponsored by HolyTransaction.

 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
bitcoin, bitcoin news, blockchain, news
tax 468440 960 720
4 Jul 0

Japan eliminates Bitcoin Taxation; Rise in Price expected

Japan government officially eliminates bitcoin taxation after it recognized as legal method of payment a few months ago.

Consumption taxes on the sale of bitcoin will come into effect on July 1st.

According to a Deloitte’s report entitled “Japan: Inbound Tax Alert, 2017 Tax Reform Proposals,” digital currencies including Bitcoin will be exempt from the 8% consumption tax in Japan.

Deloitte’s report explains:

“The supply of virtual currency will be exempt from Japanese Consumption Tax (“JCT”). Currently, virtual currencies such as Bitcoin do not fall under the category of exempt sales, and as a result, the sale of virtual currencies in Japan have been treated as taxable for JCT purposes. Following the enactment of the amended Fund Settlement Law in May 2016, which newly defined “virtual currency” as a means of settlement, the sale of virtual currency as defined under the new Fund Settlement Law will be exempt from JCT. This change will apply to sales/purchase transactions performed in Japan on or after 1 July 2017.”

Bitcoin Industry in Japan

Back in March, the Japanese National Diet approved the tax reform proposed by Deloitte. The bill, which came into effect on July 1st will drastically increase bitcoin and cryptocurrency trading activities within the Japanese digital currency exchanges.

The bill will probably increase bitcoin and cryptocurrency trading activities within the Japanese digital currency exchanges.

On April 1, the Japanese government officially recognized Bitcoin as a legal payment method and currency.

The Japanese Bitcoin exchange industry is well regulated with Know Your Customer (KYC) and Anti-Money Laundering (AML) systems. AML policies are very strict in Japan and South Korea, and it is difficult for traders to take advantage of utilizing digital currencies to move large amounts outside of Japan.

Price growth because of bitcoin taxation

Although it could be a coincidence- since Japan has proposed the end of Bitcoin taxation, Bitcoin price increased from around $2,450 to $2,570.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
bitcoin, bitcoin news, news, Regulation, We Trust Bitcoin
Want to Make Money on web Check 8 Famous Earning Methods
3 Jul 0

How to add more crypto to your HolyTransaction wallet

A few people daily ask us how to add more cryptocurrencies to HolyTransaction.

We currently accept more than 10 digital currencies, but sometimes you cannot see them all when you open your account on HolyTransaction.com.

To see the whole range of digital currencies you can store on your multi-currency wallet and see all the addresses, please read this step-by-step guide.

It is really easy and you will think: “Oh my, how didn’t I think about it?”.

  1. Login into your wallet or create a new one on HolyTransaction.com by clicking on “Sign in” or “Sign up”;
  2. Click on the “Plus” symbol you can find on the main page of your wallet as shown in the image below:

3. So now you will be able to the see the full list of digital currencies you can store on HolyTransaction:

4. You can select all the digital currencies you need. This way you will be able to see the new addresses on the main page of your wallet.

If you want us to add more digital currencies on our wallet, please contact us via email at [email protected] with more info about your crypto.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
bitcoin, HolyTransaction News, how to
money 1428594 960 720
1 Jul 0

How to buy Bitcoin with bank account

How to buy bitcoin with bank accounts? Read this step-by-step guide to convert your fiat currencies into your favorite digital currency.

We recently opened a new service called HolyTransaction where you can buy and sell bitcoins.

This is an important feature when you need to buy or sell bitcoin immediately. You just need to create an account on HolyTransaction.

You just need to visit HolyTransaction and follow the process you can read below.

This guide will enable you to buy bitcoin with bank account.

  1. Visit the Funding page inside your account;
  2. Choose your method (bank transfer in this case)
  3. Click on the blue “Deposit” button;
  4. Fill the form with your information

buy bitcoin with bank

5. Insert the amount that you want to transfer for your purchase and then click “Next”

6. Wait for the validation of your order. This process of verification will one or two minutes.

6. Then you will need to pay the amount of EUR you decided, so you need to order the bank transfer from your bank account. You will see the IBAN where you need to send the fiat currency to and you must include the reference.

7. Then you will see a countdown that starts from 48h. At the end of that, the operation will be completed. You will see a similar image as shown below:

NOTE: the max amount you need to buy daily is 4500 EUR.  Bank transfer needs 48h to be received.

Open your account on HolyTransaction here

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
, , , ,
bitcoin, HolyTransaction News, how to
change 1245949 960 720
27 Jun 0

Easy Bitcoin Exchange: how to use HolyTransaction

Are you looking for an easy Bitcoin exchange?

Holytransaction offers a simple solution for your needs, as you can convert bitcoin and other digital currencies within your multi-currency wallet.

So, if you have a wallet on HolyTransaction or you want to open one, you can exchange your cryptocurrencies in a few minutes and without providing any personal documents.

This way you can avoid the long wait you experience on the common exchange platforms.

So, let’s try to understand how to use our easy bitcoin exchange.

Read this step-by-step guide to convert your digital currencies on HolyTransaction.

  1. Login or sign up on HolyTransaction.com;
  2. Click on “Buy” in the menu you can find on the left as shown below:

3. You will see the page below where you can set the digital currency you want to buy and the cryptocurrency you want to spend. You can see the exchange rates in the tab on the right;

4. Then you can click on the blue “Next” button;

5. You will see the confirmation page. Click on “Buy” to confirm the conversion:

This is a very easy digital currencies exchange, isn’t it?

Please note: it only works between the 30 digital currencies we support (bitcoin, ethereum, zcash, peercoin, dogecoin, litecoin, gamecredits, faircoin, decred, dash, blackcoin, gridcoin and syscoin).

Conversely, if you want to buy bitcoin with fiat currencies, you need to use HolyTransaction Funding to buy bitcoin with credit card, or buy Bitcoin with bank transfer

Enjoy our wallet and our easy bitcoin exchange here.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
bitcoin, HolyTransaction News
why 1780726 960 720
6 Jun 1

Bitcoin all time high: Read here the possible reasons

Today, on June 6th, a new Bitcoin all time high has been hit.

According to CoinMarketcap, in fact, the bitcoin price reached a value of $2,911.86, surpassing the previous bitcoin all time high of $2,791.69 set less than a month ago on May 25th.

Bitcoin began June with a price of about $2,500, trading at $2,300 on June 1st.

What are the reasons for this new bitcoin all time high?

As always in these events, many are the possible causes for this recent growth in the bitcoin price.

Here a quick report on what is happening in the bitcoin industry during these days.

Click on the link below to read more about that specific topic.

Do you think there are more reasons for this bitcoin all time high?

Comment the news with us!

 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
bitcoin, bitcoin news, news
japan bitcoin
5 Jun 0

Bitcoin demand in Asia is more active than in the US

Back on May 31st, one the major Bitcoin exchanges in China called OKCoin returned to help improving the Bitcoin demand withing the Chinese exchanges after a period of suspension of transactions.

As a result, more bitcoin investors are recovering their interest in bitcoin and they are driving the demand for the digital currency.

So, thanks to the activation of withdrawals, bitcoin is now trading at a premium rate in China.

Also, the Chinese press that talks about bitcoin as digital gold is pushing the recent growth of the bitcoin demand for local traders.

On Friday, bitcoin price was about $2,340 in China. A value that was $50 higher than the US rate.

Of course, there are several other major factors that are driving bitcoin price. For example the legalization of the digital currency in Japan, and the use of ICOs in raising funds.

Experts believe that the increasing demand in Asia is pushing the recent growth in the bitcoin price.

South Korea

In South Korea, Bitcoin price increases up to $3,100 when the price on the US exchanges was about $2,400, so $300 higher than the US.

A few startups are also using bitcoin for sending remittances since it works better and faster than traditional money.

For example, one of these startups is called Bluepan, located in South Korea. This company provides an easy way to send money from overseas workers to their families.

In 2 years, Bluepan has processed payments worth $65 mln and for the past year, they recorded a five-time increase in transactions.

Why in Asia?

That said, it is clear that Bitcoin demand in Asia is increasing and its driving prices, while North America shares only a small amount of all users in any sector.

For example, there are fewer customers in North America who use money transfers than in Asia.

This is maybe due to the fact that the worldwide financial system is based on the US dollar, so remittance transactions are easier between dollars and non-dollar currencies compared with transactions that involve two non-dollar currencies.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
, , , ,
adoption, bitcoin, bitcoin news, Regulation
european flags 1226468
2 Jun 0

Bitcoin regulation: EU to oversee digital currencies

Bitcoin regulation in Europe is moving forward after the decision of EU to fund a new tool.
This initiative about digital currencies surveillance is backed by $5m in funding from the EU and it involves a few government agencies and academic researchers including Interpol, Interior Ministries from Spain and Austria, Finland’s National Bureau of Investigation, and University College London.

In an official statement, members explained that the idea came because of the recent events of ransomware attacks all arount the world.

At the same time, those involved in the project argue not to violate user privacy rights.

“The consortium will analyse legal and ethical requirements and define guidelines for storing and processing data, information, and knowledge involved in criminal investigations without compromising citizen privacy,” said Ross King, senior scientist for the Austrian Institute of Technology (AIT) that is one of the research institutions involved in this project.

That the EU would take this approach is not surprising as they previously pushed aggressively for greater control on cryptocurrency users back in 2016, with the European Parliament following suit earlier this year.

Read more about bitcoin regulation in Europe by clicking here.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
Articles, bitcoin, cryptocurrency, news, Regulation
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