Overstock to accept more than 60 cryptocurrencies – August 8, 2017

Another all time high for the third day in a row. Bitcoin price reached as high as $3485 on Tuesday with no correction in sight. After the hard fork there hasn’t been any negative industry updates for Bitcoin, which has made the price rally from $2800 to almost $3500 in less than a week.

Bitcoin Cash price is also showing signs of an upward trend. It reached $382 on Tuesday after it crashed to the oblivion few days back.

Top Stories from the Crypto World

1. Overstock now accepts more than 60 cryptocurrencies

Overstock was one of the first retail giants to accept Bitcoin back in 2014. Yesterday the company announced their partnership with ShapeShift. Now they will accept more than 60 cryptocurrencies as payment at its online stores.

Shoppers can now use Ether, Litecoin, DASH, BCH among many other coins at the checkout.

2. Putin advisor targets Bitcoin Mining ICO to take on Chinese miners

An advisor to Russian President Vladimir Putin is trying to raise as much as $100 million in an ICO. The funding is supposedly being done for the “Russian Mining Company”, which is planning to tap as much as 20 megawatts to power their mining farm.

3. India is very close to finalizing cryptocurrency regulations

Indian government has completed the work on a proposal that outlines possible steps for regulating cryptocurrencies. If the local reports are to be believed, at least some of the panel’s participants want to adopt a more restrictive stance on digital currencies.

Other sources suggest that India may ultimately move to establish some kind of tax policy for cryptocurrencies.