The Founder of India-Based Bitcoin Mining Pool GBMiners is Running a Ponzi Scheme

Update: This post has been updated with a response from Amit Bhardwaj GBMiners has made headlines in various media outlets lately due to the bitcoin mining pool accounting for roughly 3 percent of the network hashrate and supporting Bitcoin Unlimited; however, there is a connection between GBMiners and Gainbitcoin, which is a cloud mining operation that is clearly operating as nothing […]

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Bitcoin’s Position In The Hype Cycle Chart Might Help Predict Where Prices Are Headed ⋆ ZyCrypto

The hype cycle chart is a graphical illustration of the stages a new technology goes through from introduction, maturity to wide adoption. Bitcoin being a new technology conforms to this cycle. In its most basic form, the cycle has five stages. They are technology trigger, the peak of inflated expectations, the trough of disillusionment, the slope of enlightenment, and finally […]

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SEC Reschedules The Decision On Three Bitcoin ETFs Again As BTC Price Remains Vulnerable To Further Losses

On August 12, the SEC put off their decision on bitcoin exchange-traded ETFs put forward by NYSE Arca and Cboe BZX exchanges earlier this year. The proposals for these ETFs were filed months ago by Bitwise, VanEck SolidX, and Wilshire Phoenix asset managers. SEC Postpones The Decision To Coming Months The US Securities and Exchange Commission (SEC) has set the […]

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How to convince the IRS your hobby is a profitable business

You’ve had a hobby for years, but now want to turn it into a business, qualifying for tax deductions. Can you? The IRS has several tests. “If someone has a business, they operate the business to make a profit,” the IRS says. “In contrast, people engage in a hobby for sport or recreation, not to make a profit.” Hobbies becoming […]

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Boris and The Saj talked Election tactics at Chequers over wine

Boris Johnson and Sajid Javid bonded and talked Election tactics at Chequers while drinking Italian red wine adored by the Duchess of Sussex The meal marks a thawing of tensions between No 10 and No 11 Downing Street  Boris and Sajid talked over a £80 Tignanello – a  Tuscan red with their meal  Carrie Symonds, a former adviser to Mr Javid, […]

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