Why Comparing Bitcoin to Visa Doesn’t Make Any Sense
A reading of Nic Carter’s latest essay for CoinDesk on the inappropriateness of comparing the energy consumption of bitcoin and Visa transactions.
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Visa has a launched a new programmable API. Announced via its Visa Developer platform, is a Microtransactions (MTX) API with which developers can “enable virtual currency” for desktop and mobile applications. The project will also allow branded reward points systems, coupons, and campaigns for virtual transactions. Visa has been a fan of blockchain....
Bitcoin isn’t on the same playing field as anything else — so it doesn’t make sense to waste time lashing out.
To track the progress and value of a digital currency, most people go to a website like CoinMarketCap or CoinCap.io to see the different tokens ranked by their current market capitalization. A digital currency’s market cap is the total supply of coins multiplied by the token’s current market price. While nothing else really comes close to bitcoin, there is an interest is seeing which other digital currencies can be found in the top ten. While market cap is an interesting data point to some, it doesn’t really tell the whole story. There are a variety of other metrics that must also be taken....
The small Iberian nation is set to reverse a long-standing tax law that excluded crypto gains on the grounds that they are not legal tender. To the chagrin of many Golden Visa seekers, Portuguese Finance Minister Fernando Medina has confirmed that his country will begin taxing cryptocurrency but has not committed to a date.The move to start taxing crypto was seconded by Secretary of State for Tax Affairs António Mendonça Mendes on May 13 according to Sapo, a local news outlet.There is not yet an effective date for the tax to start or a set rate, however. It will be levied on investment....
Global payments giant Visa earned the ire of the bitcoin community earlier this year when CEO Charlie Scharf stated that he didn't see bitcoin and its technology as posing a significant threat to its operations. Now, however, new comments from the CEO suggest that the company may be re-evaluating bitcoin. In a new interview with The Australian Financial Review (AFR), Scharf confirmed that while the company is not currently responding to developments in the bitcoin space, it could be well positioned to do so in the future, should circumstances require. Scharf told the AFR: "Visa is not a....