Bitcasino is Turning Up the Heat with a €40,000 Promo and Some Oink Country Love

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Summer may be drawing to a close, but not before a quick trip to Bitcasino can help you get the last summer rays to warm up your gameplay. A whole Summer Fiesta has been carefully orchestrated by no other than Yggdrasil, opting to reward their loyal player pool and attract even more to their carefully picked games.

Speaking of which, Bitcasino isn’t standing still when it comes to new things to offer to you lot; you can enjoy Microgaming’s new release Oink Country Love and take your chances for the maximum win of 570x your stake amount!

Complete Missions for Grand Prizes

You won’t have to go undercover for the missions Yggdrasil has in store for you, but you will definitely put your heart into it after hearing about the prizes. Just to remind you, this promo on Bitcasino is also available at another leading Bitcoin casino – Fortune Jack, as part of Yggdrasil’s Summer Fiesta.

However, with the first stage of the promo long gone (it ended on August 11), tension is rising as both winners and losers gather up for the second part of the prize pool. A total of €40,000 will be distributed among participants in the Sizzling Hot Mission, and all you have to do is out-rank your opponents on the in-game leaderboard.

The mission involves four Yggdrasil slots provided below, with respective challenges that need to be met on each of their reel grids. Make sure to complete them before the fiesta’s final soirée on August 18th, 23:56 CET, with no limits to minimum bet amounts.

  • Collect 3 feature caps on Spina Colada;
  • Collect 50 Free Spin symbols on Vikings Go Berzerk;
  • Collect 30 scatters on Wild Robo Factory’s base game;
  • Enter respins 6 times on The One Armed Bandit.

The reward for first prize is no less than €8,000, although players coming in second and third position will be just as generously rewarded, with €5,000 and €4,000 distributed respectively. Remaining contestants will also be awarded based on their ranking, all the way to 400th place who will win €20 of the total prize pool.

Win Up to 570x Your Stake

Yggdrasil’s promo is surely one of great prizes, but Bitcasino has proven to know better than that. Check out the game selection at this top-ranking Bitcoin operator yourself, and discover Microgaming’s new slot title Oink Country Love.

If affection is all about giving and receiving, then this slot must be madly in love with you. Players of all kinds can spare a chance to spin the reels for as little as 0.50 coins, or as much as 125 for max bet per spin. In return, they are able to benefit from winning combinations of all sorts of farm animal symbols – a chicken, cow and sheep, as well as the two pigs Willy and Chancho. The symbols are in fact Wild, substituting all others except the Golden Ticket Scatter in an attempt to compose as many winning combinations across the 45 fixed paylines network.

Not to leave you with a cliff-hanger, but the scatter symbolizes gold for a reason, or better yet, a potential 160 free-spinning chances to hit the max win of 570x your stake!

August 16, 2019: • No Comments

A Green Light for Bitcoin Salary Regulations in New Zealand

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New Zealand tax authorities have made receiving income in crypto a reality. From now on, it is completely legal and taxable to pay employees’ salaries in cryptocurrency, and be properly taxed on it.

The official bulletin was posted just last week by New Zealand’s Inland Revenue Department (IRD), who stated that this decree is in line with the Tax Administration Act 1994. Employers get to keep the PAYE (pay as you earn) frameworks from the Income Tax Act 2007 when it comes to calculating taxes, avoiding a need for more drastic changes in their accountancy departments.

Getting Into the Specifics

No one is expecting the government to allow employees to receive income in Bitcoin without a string or two attached, and believe it or not, it is for everyone’s good.

According to the regulations put forward, official staff members will be the only ones eligible to receive remuneration for offered services, bonuses, commissions and the likes. More precisely, the possibility does not apply to self-employed taxpayers.

What is more, the amount paid out in crypto will be further restricted to one’s regular salary, in order to link it to a fixed amount or exchange rate, excluding any share payout schemes as well. The IRD explicitly state on their official website that, for tax purposes, cryptocurrencies will be regarded as property rather than foreign exchange.  Here is what they stated on the matter in the official information bulletin:

“In the current environment where crypto-assets are not readily accepted as payment for goods and services, the Commissioner’s view is that crypto-assets that cannot be converted directly into fiat currency on an exchange are not “sufficiently money-like” to be considered salary or wages.”

As it stands, other than its initial crypto state, the employee’s income is primarily intended for conversion into fiat. This is an added protection for the average working man, as it restrains companies from paying out their employees in low or no-value altcoins.

From a different point of view, this move also sets out to benefit the tax office making it. They have been aware of companies having adopted this practice for some time now, all in order to evade the tax charges due to the unregulated state of crypto affairs. This has all come to an end with the new provisions, bringing tax money back into the state budget, regardless if it’s fiat or crypto.

The Domino Effect on NZ Casinos

A tricky state of the NZ online gambling scene has left many crypto casino operators looking for an alternate solution in order to remain above the law, and still protect their player pool. With crypto presenting itself as the ultimate solution to anonymity, there is no question about its popularity among NZ online casino and gambling enthusiasts.

And with the new tax policy allowing their employers to pay out salaries in Bitcoin, there really doesn’t seem to be a losing side to this deal. Since most players actually support themselves from daily jobs, all they need to do now is use that income on their favorite sites. Surely enough, companies that were already doing this to make use of the until-recent crypto tax hole will need to get back into the somewhat tedious habit. However, legal and rightful operations are sure to pay off in the long term.

The only issue remaining is one of the cryptocurrencies’ fluctuations, which could cause employees to lose or double their salary, as well as savings, depending on an overnight shift. Possibilities abound, and it is up to each individual to decide what to do with their crypto potential.

August 15, 2019: • No Comments

Win a Share of €60,000 or a Trip to Vegas at Fortune Jack and BitStarz Bitcoin Casinos

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Prepare for the best summer fiesta of your life with the leading Fortune Jack Casino and get ready to win your share of a massive new prize pool. Yesterday, the casino opened a new campaign for Yggdrasil slot machines with a combined prize pool of €60,000 that will be awarded in two stages to all interested players, regardless of how much money they spend. And if that’s not enough prizes for you, there’s also a new Island-themed promotion at BitStarz Casino with €50,000 in prizes for each player, including a trip to the city of second chances, Las Vegas.

Play Slots, Win Cash

With summer almost coming to an end, Fortune Jack wants to end it on a proper note by giving away a ton of cash prizes with their new campaign called Summer Fiesta. The first stage of the campaign began on August 8th and it will end on August 11th. During this period, you’ll just need to play Yggdrasil Gaming’s Jackpot Raiders, Ozwin’s Jackpot, or Holmes and the Stolen Stones slots with any bet size you want. Each bet you place with real cash can instantly award you one of the randomly drawn prizes:

  • 1 Mega Jackpot of €5,000;
  • 1 Midi Jackpot of €3,000;
  • 1 Mini Jackpot of €2,000;
  • 1,000 prizes of €10.

After the first stage, there will be another stage of the campaign which will last from the 12th to the 18th of August. In this stage, you will need to complete a special mission on the Vikings Go Berzerk, Spina Colada, The One Armed Bandit, and Wild Robo Factory slots to get a ticket for the final prize draw. At the end of the stage, all players who earn one of the 400 positions on the leaderboard will get a prize, as follows:

  • 1 – €8000
  • 2 – €5000
  • 3 – €4000
  • 4 – €2000
  • 5 – €1000
  • 6 – €800
  • 7 – €600
  • 8 – €500
  • 9-10 – €300
  • 11-15 – €200
  • 16-25 – €150
  • 26-50 – €100
  • 51-100 – €80
  • 101-150 – €50
  • 151-250 – €30
  • 251-400 – €20

If you want to learn more about this generous new campaign, just click this link to visit Fortune Jack Casino!

Win Money and a Trip to Vegas For Two

For more cash prizes, and a free trip to Las Vegas, you can turn to player favorite BitStarz Casino. The casino just opened a new campaign called Fruit’O Mania that will run for additional 49 days, right until September 27th. Like the previous Island-themed promotions, this campaign will give players a chance to earn up to €50,000 in individual cash prizes by playing any game they want with real money. The more you play, the more your bonus meter will fill up and the more levels you’ll conquer.

There are a total of 40 levels to be won during the campaign, each hiding a different prize. The player who gets first to the final level will get to win a sweet trip for two to Las Vegas. The exclusive travel package includes airplane tickets and a 6-night stay at a luxury hotel and it can also be exchanged for a cash alternative, upon player request. If you want to take a shot at winning the main prize, head down to BitStarz Casino today before other players swarm in.

August 9, 2019: • No Comments

New Apple Card Says No To Cryptocurrency and Gambling

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Despite the big leaps we’ve seen in the crypto industry over the past years, especially when it comes to cryptocurrency online casinos, most of us should have gotten used to major corporations being wary of decentralized assets. The latest corporation to say no to cryptocurrency and gambling is Apple, which recently revealed that its much anticipated new payment product, Apple Card, will not support any casino and crypto activities.

No To Gambling and Betting

As reported by Reuters, the new Apple credit card – a collaboration between the tech manufacturer and Goldman Sachs – will not be supporting gambling or crypto-related activities. According to the customer agreement required to obtain the card, the payment service will restrict the buying of “cash advances” or “cash equivalents”, which are more clearly explained as lottery tickets, cryptocurrencies, casino chips and wagers on race tracks. Reuters asked both Apple and Goldman Sachs for a comment on this restriction, but no response was given.

The news hit online on Friday and immediately caused quite a stir in the cryptocurrency and casino space. After the card was announced in March, many were hoping that the technology giant will continue supporting innovation and open up to cryptocurrencies. This idea was even more reinforced after Facebook announced its own cryptocurrency project called Libra.

Those hopes were crushed last week after the company officially revealed the product. According to available information, the Apple Card will begin rolling out during the next days or weeks and have interest rates that vary between 13.24% and 24.24%.  Cashback incentives will also be part of the agreement and given on a daily basis. A 3% cash back will be given on all purchases made on Apple products and the App Store, 2% on Apple Pay purchase, and 1% on all other transactions.

Not the First Crypto or Gambling Restriction

Apple’s restrictions only mirror those of other financial services and banks. Other British and US-based banks like Lloyds Banking Group Plc, JP Morgan Chase & Co, Virgin Money VM.L, and Citigroup have likewise banned cryptocurrency purchases due to “concerns” that the volatile price swings of the digital assets could leave many users with debts they might not be able to repay.

The gambling restriction is not new either as the same ban has been on the minds of a number of important players in the online gambling industry. Only last month, Macquire bank from Australia banned transactions related to gambling and lottery, ascribing the prohibition to pressure from regulators in the local gambling industry but also similar concerns of gamblers acquiring debts they can’t repay. The Internal Affairs Department of New Zealand and the UK Gambling Commission also revealed recently that they are mulling over a ban on gambling-related credit card transactions.

But even if these bans are enforced, they are unlikely to be a big blow to most players using crypto to gamble. After all, there are a variety of other ways to purchase coins for their online casino needs.

August 7, 2019: • No Comments

Win a Tesla 3, 8K Samsung TV and a Share of 25,000 Free Spins at mBit and Bitcasino

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If you want to drive a Tesla but don’t want to splurge your savings on a brand new electric car, leading BTC Casino Bitcasino is now giving you a chance to win one by playing Bitcoin slot games. In a new slots tournament that will end in a few months, the casino will be giving away a new car but also other attractive prizes like brand new TVs and cash. And if you don’t like to put all your eggs into one basket, mBit Casino also opened a new monthly competition with a ton of free spins prizes and cash casino bonuses. Read all about them in our full update.

Play Slots, Get a Tesla

This week, Bitcasino opened a new slots tour that will run until the end of November 2019 and give away five very attractive prizes. To take part, you will just need to log into your account, press the opt-in button, and then play the Who Wants to be a Millionaire or Bonanza slots from Big Time Gaming. The rules are very simple: just win as much as you can and you can get your ticket for the final round.

Between now and November 30th, the players who score the biggest win multipliers in the selected games will be ranked each month and find their way onto the official leaderboard. Once the competition ends, the 5 biggest winners will get to walk away with a number of enticing prizes, which will be given as follows:

  • 1st Place – Brand New Tesla Model 3.
  • 2nd Place – 8K TV from Samsung.
  • 3rd Place – £/€ 1,000 (paid out in mɃ).
  • 4th Place – £/€ 1,000 (paid out in mɃ).
  • 5th Place – £/€ 1,000 (paid out in mɃ).

If you’re interested in winning a new car from one of the best electric car manufacturers right now, make sure to head down to Bitcasino’s website and opt-in!

25,000 Free Spins, 35 BTC + €20,000 at mBit

Another special promotion that was opened this month is the new Safari Treasure Hunt at mBit BTC Casino. This particular promo will run until the end of August and during it every player at mBit with at least three previous deposits will be able to log into their account on a daily basis and scoop a variety of rewards. There is a total of 25,000 Free Spins, 35 BTC and €20,000 available for every player and there’s also a separate All or Nothing tournament running parallel, one with a cash prize of €1,500 that will be given to one lucky player.

To join the treasure hunt, you just have to play one of the seven high-roller slot machines selected for the month, a list which includes popular games like Book of Pyramids and Lucky Lady’s Clover.  Yesterday, the casino was giving away special VIP rewards while today it launched the All our Nothing tournament, giving punters three days to compete for the top prize. If you’re interested in seeing what else is available in the Safari Treasure Hunt, just pay a visit to mBit Casino online.

August 2, 2019: • No Comments

SoftSwiss Steps Away From Bitcoin Gambling Identity; Bitcasino Offers New Jackpot Tool

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In this week in Bitcoin casino news, SoftSwiss, one of the earliest developers of Bitcoin casino games has taken on a new brand identity, one that will speak to more than just BTC gamblers. According to official information, the next market to conquer for the software provider will be sports betting. Also, Bitcasino released yet another tool to boost its player satisfaction and retention which gives players a chance to earn points and use them to win bonus jackpots. Read all about these latest updates from the industry in our full article below.

A New Logo for a New Identity

In a new update this week, SoftSwiss informed the industry that it is adopting a new logo, one that will announce the new direction the company will be taking over the following years. After revealing last year that they are reinventing themselves, the people at SoftSwiss have now changed the logo of the company “before making the next bold steps”.

The old SoftSwiss logo had the name of the company on the right side, sitting next to a Bitcoin symbol and a casino chip. The new logo has a much simpler and cleaner look which was achieved by replacing these symbols with a large “S” letter turned counter-clockwise. The letter resembles an infinity symbol (∞) and alludes to SoftSwiss’s dedication to remain an important player in the industry for years to come.

Since the developer is now becoming a multi-vertical software provider, and not just a studio for Bitcoin casino games, it’s only natural to take on a new logo that visually represents this new course. Over the past years, SoftSwiss has successfully expanded its operation into multiple ventures, including building bespoke games, providing white-label platforms, and building its Game Aggregator, among other things. Reportedly, the next course the company will be taking is to release its own sports betting platform.

New Jackpot Tool For More Prizes

Another very exciting update from this week was the announcement of a new jackpot tool at our top-ranking BTC casino operator – Bitcasino. In an e-mail to all registered players, the casino informed users that they now have access to a “revolutionary” and “exclusive” jackpot tool called Phoenix Jackpot. According to the information provided by the casino, this tool will give players an opportunity to pool points from playing a variety of slot machines, including games from Microgaming, Pragmatic Play, and Play’n GO, and then use those points to take spins on the special Phoenix Jackpot game.

For each spin taken, players can win one special symbol. If they collect all six, they get treated to the new jackpot prize. The Phoenix Jackpot game was developed in-house and it is meant to give the most passionate of slot players a chance to reap some exciting extra rewards. It is already live at Bitcasino and will reportedly also feature a Mega jackpot which will be progressively pooled to reach bigger values.

If you want to take a shot at winning the special prize, just pay a visit to Bitcasino.io.

July 31, 2019: • No Comments

Go on an Adventure of a Lifetime with Bitcasino

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Pragmatic Play’s games have always been a hit with players.

Exciting adventure slots such as Da Vinci’s Treasure or John Hunter and the Aztec Treasure offer exhilarating gameplay and loads of fun.

They offer adventure and prizes like no other slot, but with Bitcasino’s new promotion, but Bitcasino has decided to turn things up a notch.

With its new exciting promotion, Bitcasino gives players a chance to earn up to €5,000 by simply spinning Pragmatic Play’s slots.

The Thrilling Scent of Adventure

The main prize goes to the player with the highest win spin amount who tops the leaderboard between July 25 and August 1. Tempt your fortune in the tournament and you can take home incredible prizes. You have an exclusive chance to earn €5,000 by playing Pragmatic Play slots in Bitcasino. To enter the tournament, you’ll need to opt-in to the promotion and start spinning. If you’re the player with the single highest spin amount by the time the tournament ends, you can take home a superb cash prize.

Players need to play any amount of real money on a selected group of Pragmatic Play slots. One of the top developers in the online casino industry, Pragmatic Play’s slots are renowned for their graphics and adventurous gameplay. The slots that qualify for Bitcasino’s promotion are Mustang Gold, Gold Rush, Da Vinci’s Treasure, Pirate Gold, Egyptian Fortunes, and John Hunter and the Aztec Treasure. All these games are among the most popular Pragmatic Play slots, offering thrilling action and top prizes. Of course, you can even win more this time thanks to Bitcasino’s exciting promotion.

There’s no minimum bet during the promotion period and the prizes are paid out in mB. A popular Bitcoin casino, Bitcasino’s prize pool for this tournament is mB 2,900 or €25,000. The prizes are as follows:

1. €5,000

2. €3,000

3. €1,000

4-5. €500

6-50. €100

51-100. €50

101-500. €20

The in-game leaderboard is constantly updated in real time so you can easily check your progress. Top the tournament leaderboard by the end of the tournament and you can win a cool €5,000 in Bitcoin (the prizes are approximate in mB). The best part of all is that there are no wagering requirements on the prizes, which makes this adventure even more enticing.

Win Vegas Casino’s Weekend Slot Wars and Earn €500

There’s a different kind of promotion over at Vegas casino which, even though not as lucrative as the Bitcasino promo, gives you a great chance to earn extra cash. This tournament is every slot fan’s dream. All you need to do is simply play your favorite games to qualify for the tournament and possibly win the top prize.

The top player each week from Monday to Sunday get to split €500 and 125 free spins as well. This week’s tournament ends in just a couple of days, so you better hurry up if you want to win the main prize.

 

July 26, 2019: • No Comments

A Chinese Court Declares Bitcoin a Property

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The Hangzhou Internet Court, one of the top dedicated internet courts in China, officially recognized Bitcoin as digital property last week.

Although this doesn’t mean that China has now officially recognized Bitcoin as currency, it’s a step in a positive direction according to experts.

Many cryptocurrency enthusiasts and investors are hoping that this could help finally ease the Chinese government’s stance on Bitcoin.

At the moment, it’s a pretty far-stretched theory, but who knows – maybe the Chinese government finally recognizes the benefits Bitcoin offers and lifts the ban on local exchanges.

A Giant Step Forward

China is one of the biggest Bitcoin players on the global market, with more than 60% of the cryptocurrency’s hash power generated in the Asian country. Crypto farms, gambling rings, and illegal Bitcoin trading are common in China, which led to the government banning ICOs in 2017. The Chinese are now allowed to hold cryptocurrencies, but can’t legally exchange them for flat money via trading platforms. Peer-to-peer trading is still legal, though – well, not legal exactly, but it operates in a gray legal zone due to a regulatory loophole.

The latest ruling by the Hangzhou Internet Court may soon change all this. Last week, the court oversaw a dispute between a defunct exchange and one of its users. In 2013, the user named Wu bought Bitcoins worth $2,900 from the FXBTC exchange platform. He stored his Bitcoins on a digital wallet and forgot all about them for a few years. Imagine his surprise when he tried to access his Bitcoins years later in 2017 when he learned that the platform was dead.

He immediately hired a lawyer and filed a lawsuit against FXBTC, who didn’t give any prior notice about closing the platform. Wu demanded $11,000 in compensation, but the whole thing fell through due to lack of evidence. However, the Hangzhou court recognized Bitcoin as a commodity due to its value and the fact that it can be used for transferring value. Unfortunately, the court also noted that Bitcoin doesn’t have the legality of an official currency, meaning it doesn’t recognize it as money.

A Signal for the Future?

Bitcoin enthusiasts met the Hangzhou court’s ruling with a positive response. Dovey Wan, founding partner at Primitive and a self-proclaimed coin minimalist, first broke the news on Twitter to English audiences. She criticized English news outlets for not covering the news but saw it as a positive signal for the future of Bitcoin in China.

As Wan explained, this is the first major milestone that says “Bitcoin is legal in China”. China’s central bank which imposed the 2017 ban agreed with the court’s decision, but once again confirmed that Bitcoin shouldn’t be considered flat money. Still, it sees Bitcoin as virtual property as well, which might be a hint for the future.

With Bitcoin and cryptocurrencies taking over the Chinese gambling market, Bitcoin could very well be on its way to official recognition in Asia. Once this happens, and we hope it comes sooner rather than later, it will shift the global cryptocurrency landscape.

 

July 24, 2019: • No Comments

Win $50,000 and a Trip to Cairo with bit Starz!

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Channel your Indiana Jones and go on a heart-pounding adventure with bit Starz’s latest promotion aptly called Egyptian Gold. The incredible promotion puts you on a journey through ancient Egypt with prizes worth up to $50,000 waiting for you at the end of the road. The main prize, though, is even more enticing. Play all the exciting games in bit Starz’s library and you get the chance to earn a luxury trip to Cairo, the heart of Egypt! And, that’s not all – bit Starz offers plenty of fun over the weekend as well!

Unlock the Mysteries of Ancient Egypt

One of the top-rated Bitcoin casinos, bit Starz, has only one week left on its Egyptian Gold promo. The tournament is open to all real money players and applies to all games, not just slots. To get a prize in your account, all you need to do is play any game at bit Starz and reach the next level. That’s it – the more you play, the bigger your chances of getting a prize. With every bet you make, you’ll reach a new milestone. You can see your progress in the bar – as soon as it’s filled, you’re at a new level.

Only real mount bets count towards the promotion, so don’t use your bonuses while it lasts. All bets on slot count for the Egyptian Gold promo, while table games contribute with only 5%. All prizes come with a 10x wagering requirement apart from the trip to Cairo, of course. The top prize is available to only one player who reaches the top tournament level.

The bit Starz Casino Cairo package consists of 2 flight tickets and a 6-night stay in a luxurious hotel. The only thing you need to do is acquire a VISA to enter Egypt if you claim the prize. You have the right to exchange the Cairo trip for a cash prize if you want to, but seriously, who’d want that?

With only a week left to top the tournament, you better start playing now. Go on an adventure and win the trip of a lifetime courtesy of bit Starz casino!

Weekly Slot Wars

That’s not where bit Starz’s generosity and fun ends. If you’ve got no plans for the weekend, why not hit the casino’s slot wars tournament? Available every week between Sunday and Saturday, the top players in the casino get a shot at a massive shared prize pool €1,000 and 250 free spins. There are no strings attached to the prizes, no complex rules, and no opt-in required – just have fun with the best slots and you get a shot at earning a top prize.

All the enticing prizes in this promo come free of any wagering requirements. There’s a countdown on the page which indicates the end of the previous promotion and start of a new one. Don’t worry – even if you miss t his one, you have another running next week!

July 19, 2019: • No Comments

President Trump Not a Fan of Bitcoin

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Bitcoin and cryptocurrencies in general are making headlines around the world right now and have their own troops of supporters and haters. American president Donald J. Trump seems to be in the latter. Just a few days ago, Trump released a series of controversial tweets in which he voiced his concerns regarding Bitcoin and crypto assets. With a touch of his personal language, of course. In the series of tweets, the 45th President of the United States of America also took aim at Facebook’s new cryptocurrency Libra and praised the “one real currency” in the USA – the US Dollar.

Never Afraid to Voice His Opinion

This isn’t the first time Trump has used Twitter to voice his opinion, no matter how unpopular it is. The American president is constantly using the platform to voice his concerns or agree with something. Most of the times, he’s just explaining himself for all the hatred he spews around, but sometimes, it can be pretty hilarious. Remember covfefe?

In his latest tirade, Trump decided to voice his opinion on Bitcoin and cryptocurrencies in general. He said that he doesn’t consider cryptocurrencies real money due to their volatile value based on nothing more than “thin air”. He continued by saying that this kind of currency facilitates unlawful behavior and illegal activities such as drug trafficking. Bitcoin in the past may have been linked to the Mafia, but that’s not what it’s used for.

In his second tweet, President Trump took a shot at Libra, Facebook’s so-called cryptocurrency which made all the headlines a short time ago. He said that if Facebook plans on becoming a bank, they should seek a Banking Charter and subject to all banking regulations, just like every other bank in the USA. He may be right about that one, but when it comes to regulations, they don’t make banks spotless by default. We’ve all been witnesses of many money-laundering schemes and scams over the years in the USA and abroad. Plus, banking regulations in regards to cryptocurrencies go against the whole concept.

God Bless the Dollar!

In his final tweet, President Trump praised the “one real currency” in the USA, the dollar, as the only viable method of doing business. As he put it, it’s never been stronger and more reliable and called it the “most dominant currency” in the world. And, although his Bitcoin rant made more than a few supporters angry, experts are seeing it as a good thing. Many in the cryptocurrency industry believe that the President’s interest in Bitcoin is a positive thing that could drive the industry forward.

Of course, blockchain forensics companies are not buying it. They see Trump’s tweets as a signal for the dark future ahead of cryptocurrencies and believe that Trump has chosen to stand with national banks and regulations.

Although Trump’s remarks were negative, don’t expect cryptocurrencies to die right now. As a matter of fact, the USA government is working on virtual currency regulation right now and it might come sooner rather than later.

 

July 18, 2019: • No Comments