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What People Are Saying About Coinbase’s Surprise ETC Listing

Some members of the crypto community were surprised Tuesday when the U.S.-based exchange startup Coinbase announced that it plans to list ETC.

The Fed Should ‘Get Serious’ About Crypto, Says Former FDIC Chair

Former chair of the FDIC, Sheila Bair, writes on the viability of CBDCs and their need for further investigation.

More Japanese Public Companies Entering the Crypto Space

More Japanese Public Companies Entering the Crypto Space

Following reports of six publicly listed companies launching their own cryptocurrency exchanges in Japan, three other firms listed on the Tokyo Stock Exchange have announced plans to enter the space with various crypto offerings.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Publicly traded companies in Japan are increasingly seeking to enter the crypto space to offer various crypto-related services. News.Bitcoin.com recently reported that six public companies are planning to launch their own cryptocurrency exchanges including Money Forward, which operates one of Japan’s most popular personal finance apps. An additional three companies have also announced their plans to enter the space with different product offerings.

Samurai & J Partners

Samurai & J Partners (TYO:4764), established in 1996, offers investment banking, fintech, and IT services. In its core business, the firm “invests in listed companies using the method called PIPE (private investment in public equity) investment,” its website describes.

More Japanese Public Companies Entering the Crypto Space

A subsidiary of the company operates a crowdfunding platform that “connects individuals wanting to manage assets and companies that need money.” The platform, called Samurai, already lists a crypto-related fund called the Virtual Currency Mining Fund. On its website, the company also indicates a new service for token offerings.

Furthermore, the firm recently announced its plans to enter into a “money lending business for virtual currency holders.”

Appbank Inc

More Japanese Public Companies Entering the Crypto SpaceAppbank Inc (TYO:6177) plans, produces and manages content distribution such as through videos and live broadcasts of social games. It operates a gaming and smartphone-related media site called Appbank.net. Launched in October 2008, the site claims to be “Japan’s largest Iphone media” service.More Japanese Public Companies Entering the Crypto Space

Last week, the company announced the launch of its Virtual Currency Distribution Content Platform called @Blast, with the grand opening event planned for this month. The firm explained:

@Blast is a web service platform that distributes virtual currencies through various content centered on games and entertainment.

Using this platform, the company plans to “promote the spread of virtual currencies while providing users a place to interact with virtual currencies through this service.”

I-Freek Mobile Inc

I-Freek Mobile Inc (TYO:3845) provides mobile content to cell phone users. The firm recently announced that it has modified its Articles of Incorporation to add “virtual currency exchange” business. The amended Articles are expected to be adopted at the company’s general meeting of shareholders on June 27.

More Japanese Public Companies Entering the Crypto Space

Minkabu publication quoted the company detailing:

We add virtual currency exchange business…[to expand] the content business of the company and its subsidiaries and [to] prepare for future business development.

Do you think more Japanese companies should offer crypto-related services? Let us know in the comments section below.


Images courtesy of Shutterstock, Samurai & J Partners, Appbank, and I-Freek Mobile.


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The post More Japanese Public Companies Entering the Crypto Space appeared first on Bitcoin News.

How decentralized is Ethereum’s Casper PoS, really?

Ethereum’s upcoming Casper update looks set to positively alter the number two crypto’s energy consumption footprint – but how will it affect decentralization?

Paid in Bitcoin? Learn How to Survive Off a Crypto-Income

Paid in Bitcoin? Learn How to Survive Off a Crypto-Income

Cryptocurrencies have become very popular, and over the past few years, and due to new applications and infrastructure they’ve become easier to spend compared to the early days. Nowadays, individuals are starting to be paid for their services in cryptocurrencies like bitcoin cash or other digital assets, and living off of cryptocurrencies is the next step towards having a stress free crypto-based income.

Also read: Ledger Nano S Review: Can This $65 Device Top Trezor?

Living Off a Crypto-Income

Today we’re going to talk about people being paid in cryptocurrencies, and how to maintain the same lifestyle you did when you were being paid in fiat currencies. Unfortunately, right now, digital assets like bitcoin cash (BCH) haven’t seen mass adoption yet, and there aren’t as many merchants as we’d like to see all around the world. So people who opt to be paid in BCH or another cryptocurrency, need to know how to pay for everyday items with their assets and settle their monthly bills as well.

Paid in Bitcoin? Learn How to Survive Off a Crypto-Income

The Gift Card Method

As far as paying for things with cryptocurrencies there are a few options available. One of them is using platforms like e-Gifter and Gyft to purchase gift cards to a wide variety of stores. There are a few hundred merchants who sell their gift cards on these sites, and customers can purchase cards from places like iTunes, Amazon, Best Buy, Whole Foods, and a slew of other establishments and restaurants. There are also other sites that sell gift cards for cryptocurrencies, and our Bitcoin.com store sells Amazon cards for bitcoin cash. For years now, individuals who get paid in cryptocurrencies have purchased gift cards to buy things at their favorite stores.

Paid in Bitcoin? Learn How to Survive Off a Crypto-Income

Looking for Merchants Who Accept Crypto Directly

Finding merchants who accept cryptocurrencies directly is another option for buying things for everyday living, as you might find a merchant near you that fits your needs. Most of the most popular digital assets out there have online directories that show a list of merchants and their locations. For instance, bitcoin cash fans can utilize the ‘Accept Bitcoin Cash Initiative,’ which is a curated list of merchants who accept BCH directly. With a simple Google search, individuals can also find a merchant directory for cryptocurrencies like dash, monero, and bitcoin core. Some people find that purchasing items directly helps the cryptocurrency ecosystem as a whole because these merchants accepting digital assets like BCH directly are not immediately selling for fiat.

Paid in Bitcoin? Learn How to Survive Off a Crypto-Income
Looking to go shopping with cryptocurrencies? Check out our directory here, and also click over to the Accept Bitcoin Cash Initiative. 

Sell the Crypto to Exchanges

Another way you can live off of cryptocurrencies is by selling them to people on peer-to-peer exchanges like Localbitcoincash.org, or the various exchanges available online. However, a large majority of online exchanges will require you to verify your identification, because they are required by law to follow KYC and AML regulatory guidelines. This means you will have to verify a few things like your phone number, a picture of your license, and some exchanges also ask for proof of your address.

Paid in Bitcoin? Learn How to Survive Off a Crypto-Income
Check out our list of recommended exchanges here.

This process could take as little as two minutes or it could take weeks depending on the exchange and how busy they are, and some may deny you for specific reasons. However after jumping through a few hoops with a particular exchange, selling your cryptocurrencies is very simple and most platforms are fairly intuitive. Keep in mind when you sell on an exchange you are exposing your income to another party, and they may even ask you if you have paid your taxes in order to continue using their services. There are a few decentralized exchanges, but most of them (minus a few) only swap crypto-to-crypto assets.

Crypto-Infused Debit Cards

One popular way of living off a cryptocurrency income is the use of debit cards that allow users of these cards to purchase things wherever Visa or Mastercard is accepted. There are crypto-infused debit cards provided by companies like Wagecan, Bitpay, Shift (Coinbase), Wirex, and many more. Most of these cards support a bunch of the most popular cryptocurrencies, and when using them users can pay for bills or shop virtually anywhere. Some cryptocurrency cards are used just like your debit card after loading up some of your digital assets. Some cards operate differently too, like with the Bitpay card you pretty much sell your bitcoin cash for USD or EUR, and the value doesn’t fluctuate. But the Coinbase Shift card operates differently, because it deducts the exact value of the purchased item from whatever value your holdings are at the time.

Paid in Bitcoin? Learn How to Survive Off a Crypto-Income
Check out our list of recommended crypto-debit cards here.

Get a Backup Method and Ask Your Co-Workers How They Live Off a Crypto-Income

There are many ways you can learn how to live off of bitcoin, and these are just a few examples of how you can get started. It’s worth noting that using multiple exchanges and cards and having a backup plan on hand is highly recommended. Sometimes things happen and your provider may not be able to process your request when you need them. So having a backup provider on hand (like another exchange, another crypto-debit card, or another idea) so you can get by if your processor or merchant experiences downtime, is a pretty good idea.

Paid in Bitcoin? Learn How to Survive Off a Crypto-Income
The holy grail for most cryptocurrency enthusiasts is the hope that someday every merchant will accept digital assets.

Another good avenue to take when you start getting paid in cryptocurrencies is talking to your co-workers who have been paid in digital assets for years, and ask them how they live and pay bills. They may tell you some good tricks of the crypto-trade so you can move forward towards the digital age.

What do you think about the various methods available so people can live off of a crypto income? Are there any methods that we forgot? Let us know about your methods in the comment section below.


Images via Shutterstock, Pixabay, e-Gifter, Bitpay, and Wiki Commons. 


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.

The post Paid in Bitcoin? Learn How to Survive Off a Crypto-Income appeared first on Bitcoin News.

Bitcoin Magazine’s Week in Review: Looking to the Past and the Future

Week in Review

South Korea just ruled that bitcoin is a legally recognizable asset, which is good news for investors, but not such good news for convicted criminals that had managed to hold onto their cryptocurrency in the past. While 5,300 miles away in Slovenia, we see BTC City adopting full cryptocurrency support via blockchain by all vendors in the shopping center. Meanwhile, The Woz continues to have a sunny outlook on Bitcoin and predicts that, within 10 years, bitcoin will become a unifying currency around the world.

Looking back in the history of blockchain, we explore the evolution of blockchain education, from chatrooms to classrooms in this month’s cover story and the history of Bitcoin’s proof-of-work protocol.

Featured stories by Colin Harper, Nick Marinoff and Aaron van Wirdum

Stay on top of the best stories in the bitcoin, blockchain and cryptocurrency industry. Subscribe to our newsletter here.

From Chatroom to Classroom: The Evolution of Blockchain Education

With the creation of Bitcoin and its blockchain, Satoshi Nakamoto introduced an entirely new practical application for cryptography, unearthing an unexplored area for computer science and technological development. Demand for instructional information and educational materials has risen dramatically since that time, with the first universities beginning to offer formal courses in 2013.

In this month’s cover story, we take a look at the different ways that people have been able to learn about the bitcoin and blockchain space, from the earliest days of message boards and meet-ups to the latest in university curricula and online resources.

The Genesis Files: Hashcash or How Adam Back Designed Bitcoin’s Motor Block

Hashcash killed two birds with one stone. It solved the double-spending problem in a decentralized way, while providing a trick to get new coins into circulation with no centralized issuer.

In his latest installment of The Genesis Files series, Aaron van Wirdum looks back at the roots of proof of work. He examines not only the important role that Dr. Adam Back played in the development of Hashcash, which would eventually help to lay the groundwork for Bitcoin’s proof of work protocol, but also the seminal work of IBM researchers Dr. Cynthia Dwork and Dr. Moni Naor.

South Korean Supreme Court Rules Bitcoin Is an Asset

South Korea’s Supreme Court just ruled that bitcoin is a legally recognizable asset. The landmark ruling occurred on May 30, 2018, and it overturns a decision made by one of the country’s lower courts in a case dating back to last year. In September 2017, the Suwon District Court charged 33-year-old Ahn with the sale and distribution of child pornography.

Even though the court handed Ahn a guilty verdict and 18 months in prison for his actions, it did not confiscate the 216 bitcoins Ahn accumulated in exchange for the porn. According to the court, the government could not seize Ahn’s bitcoins because, unlike other assets tied to illicit dealings, they aren’t tangible. Now, the country’s Supreme Court thinks otherwise. The Suwon District Court’s decision was appealed, and, upon being challenged in South Korea’s highest court, it didn’t hold up.

Slovenia Plays Host to the World’s First “Bitcoin City”

Slovenia has announced that its largest shopping center, known as BTC City, will transform into a complete bitcoin city, in which every store and venture will accept cryptocurrency and operate via blockchain technology. BTC City presently plays host to several travel and tourism ventures including a luxury hotel and casino, a multiplex cinema, a waterpark and the Crystal Palace office park — home to Slovenia’s tallest building. Executives of BTC City say they’re hoping Bitcoin City will give rise to new businesses that push the cryptocurrency space toward mainstream territory and lead to further blockchain developments.

Steve Wozniak Wants Bitcoin to Become the World’s Single Currency

In a recent interview with CNBC, the computer mogul admitted that he hopes bitcoin will become a single global currency and that he shares the sentiment of Twitter and Square CEO Jack Dorsey, who expressed his belief last March that bitcoin will become a unifying cryptocurrency for every nation within the next 10 years.

This is not the first time Wozniak has been vocally positive about bitcoin. At a Money 20/20 event in Las Vegas last October, he lauded the cryptocurrency and its blockchain technology as stronger and more financially sound than both gold and USD. He stated that traditional currencies are “kind of phony,” as they are widely vulnerable to inflation, and that the problem with gold is that there is no fixed supply.

This article originally appeared on Bitcoin Magazine.

How Blockchain Can Finally Fulfill Its Promise in Global Payments

Several leading institutions are working towards producing tokenized digital central bank money, a more viable approach than unbacked crypto-assets.

Word on the Street: Action-packed week ends with Fidelity high

A cascade of institutional interest this week that ended with news that trillion dollar fund manager Fidelity Investments is looking for developers to create a crypto exchange

Wall Street Analyst Says $25,000 Bitcoin Prediction in 2018 is Still in Play

The cryptocurrency market has slowed over the past few days, with Bitcoin holding price levels within the mid $7,000s. However, Robert Sluymer and Tom Lee, both from market analysis firm, Fundstrat, believe that this will change very shortly.

Tom Lee Reaffirms His $25,000 Prediction Again, This Time On Bloomberg

Tom Lee is by-far one of the most prominent cryptocurrency bulls out in the space right now, with regular appearances on mainstream media sources covering topics related to the cryptocurrency industry.

On Wednesday, Tom doubled down on his $25,000 prediction and has not wavered in his belief one bit.

One reason why he is holding strong on this prediction is that he believes that traditional institutions, like banks, will begin to pile into space as they see “lucrative” business opportunities arise. Lee also believes that the regulatory climate around cryptocurrencies will only improve as cryptocurrencies reach higher levels of institutional and retail adoption.

Additionally, Lee mentioned a Bitcoin indicator which he seems rather fond of using, the cost of mining a Bitcoin.

He noted:

The fully loaded cost of (to mine) Bitcoin next year, is going to be like $14,000, reflecting the difficulty”

He has continually noted that Bitcoin has held at the cost to mine, which means that Bitcoin will rise to meet the cost of mining when necessary.

Robert Sluymer, Also From Fundstrat, Sees Bitcoin Bottoming

Down the street in CNBC’s broadcasting room, Sluymer pointed out the series of higher lows which the price of Bitcoin should hold at if the market stays in a bearish state.

As Sluymer stated last week on another CNBC segment:

We think Bitcoin is starting to bottom off some very key support around $7,000 and we think it’s going to start a recovery process here.

He reiterated on yesterday’s broadcast that he believes that Bitcoin is about to “challenge its downtrend,” with Bitcoin’s price movement possibly turning to the upside if it breaks through the current downtrend levels.

As well, he also pointed out that Bitcoin’s RSI was sitting at quite a low level, similar to the levels seen before previous temporary movements to the upside seen earlier this year.

Sluymer said:

The setup is there, but what we need to see is the token actually breakout and move through some very key levels.

Sluymer also noted that one of these key levels is at $7800, which Bitcoin nearly tested earlier last week, but to no avail, with Bitcoin struggling to surpass that level.

The market analyst specifically said: “$7800 level, and it needs to get through that level to confirm that you are actually getting a trend reversal”

However, like many analysts, Sluymer had something to say about the unlikely chance of a ‘worst comes to worst’ scenario. He mentioned that if Bitcoin does not hold price levels at $7350 and $7000, that we could see further moves towards the downside.

But Sluymer has still shared the bullish sentiment with his co-worker, Tom Lee, saying:

If you’re short we think you should be very careful and reducing your short exposure. I think if you’re looking to be long this is where you start adding here to your long exposure.

The post Wall Street Analyst Says $25,000 Bitcoin Prediction in 2018 is Still in Play appeared first on NewsBTC.

VeChain Price Analysis — Positive trend evident

Up 46% from its April 1st low point and with the launch of its mainet only two weeks away, market sentiment towards VeChain continues to trend positively