August 8, 2020
Discussing cross-blockchain protocol that enables the use of ledgers in an interoperable bundle.
August 8, 2020
Kenya Revenue Authority (KRA) has announced new regulations that compel users of digital marketplaces to pay digital tax. At a rate of 1.5% on gross transaction value, the new tax is expected to take effect on Jan. 1, 2021. According to a report, the KRA will create a special tax unit to track and tax transactions using “data-driven detection.” Still, the report notes that “at this stage, the precise meaning of a digital market place and those who will be impacted by the digital tax is unclear.” Kenya’s Finance Act broadly defines digital marketplace “as a platform that enables the direct interaction between buyers and sellers of goods and services through electronic means.” The report asserts that cryptocurrency platforms “fall under the digital marketplace designation since they offer a platform for buyers and sellers of crypto through electronic means.” Like […]
August 8, 2020
Ransomware attacks are increasingly becoming the norm as the world struggles with the fallout of the coronavirus pandemic.
August 8, 2020
On August 6, the blockchain intelligence firm Chainalysis published a report that analyzes cryptocurrency trends across various regions worldwide. According to the statistics, North America purchases and holds more bitcoin than any other region. Bitcoin also accounts for the largest share of U.S. crypto asset activity with 72% of all the transaction volume. The blockchain analytics company Chainalysis published an excerpt from the firm’s upcoming “2020 Geography of Cryptocurrency Report” which shows an interesting perspective of geographic crypto hot spots. As far as numbers are concerned, in 2020 East Asia is the most active region worldwide in regard to cryptocurrency volume moved onchain. The report notes that East Asia is followed by Western Europe and North America. During the last 12-months, North America accrued 14.8% of all the crypto asset activity. “North America also hosts a growing class of institutional […]
August 8, 2020
We’re suddenly seeing banks lining up to support crypto custody, and KB Kookmin Bank is looking to get in on the action.
August 8, 2020
After dropping 4.89% to confirm $11.4K as support, Bitcoin price is slowly making its way back toward $11.8K.
August 8, 2020
A recent episode of the popular BBC Sounds podcast the “Missing Cryptoqueen” has shown the public a very interesting view of the powerful Onecoin Ponzi. According to two witnesses the BBC interviewed, a London law firm and a reputation management company allegedly managed to get the UK’s Financial Conduct Authority (FCA) to take down a Onecoin warning. The Bulgaria-based Ponzi scheme Onecoin was once described by The Times as “one of the biggest scams in history” managing to net $4 billion from operations. The pyramid scheme has become a hot topic over the years, and it’s invoked the BBC Sounds podcast the “Missing Cryptoqueen.” The show stars the British author and journalist, Jamie Bartlett, and its also produced by the well known documentary producer Georgia Catt. The latest BBC Sounds podcast episode 9, dives into the continued search for Onecoin’s […]
August 7, 2020
Adam Back admitted that some ICOs might have funded useful research, but still contends that they are deeply unethical.
August 7, 2020
Following the early 2019 initiation of North Dakota’s deep dive into blockchain use cases, a state representative who was a leader in the study, mentioned a future digital asset concept for the region.
August 7, 2020
As Trump clamps down on Chinese social media in the U.S., tech in general becomes subject to nationalism.
August 7, 2020
Konstantin Ignatov is probably breathing a sigh of relief today.
August 7, 2020
Monero has experienced its biggest single day gain in hashrate since its creation back in 2014.
August 7, 2020
Bitcoin and altcoins might consolidate or correct marginally for a few days before a possible breakout to the upside.
August 7, 2020
California authorities recently came out with a fresh cautionary statement on crypto crime.
August 7, 2020
German authorities, with the help of the U.S. Federal Bureau of Investigation (FBI), have confiscated about $30 million in bitcoin from an operator of a pirate movie website. An unspecified amount of bitcoin cash was also seized. Bitcoin and Bitcoin Cash Seized The German state of Saxony’s media service announced Monday the confiscation of “bitcoins with a total value of 25 million euros [$30 million].” The seizure was in connection with a case involving the website movie2k.to, a user-contributed video directory for movies and television programs that allowed users to download pirated content. The Dresden General Prosecutor’s Office, the Saxony State Criminal Police Office, and the Leipzig tax division have been investigating two main operators of this pirate movie portal and a real estate entrepreneur from Berlin connected with the case. All accused are German nationals. The site operators allegedly […]
August 7, 2020
After a string of 51% attacks on Ethereum Classic, developers from its core chain rival, Ethereum, discuss ways of avoiding the same fate.
August 7, 2020
Binance’s U.S. trading platform is currently experiencing unexpected platform malfunctions.
August 7, 2020
The price of Bitcoin briefly crashed to $11,219 on Bitstamp after disappointing job data hit markets.
August 7, 2020
“I would love to invest into a consumer-facing application that could get blockchain-usage into the mainstream. Initially consumers wouldn’t know that blockchain is actually powering the application, thus removing the friction and education necessary.”
August 7, 2020
Iran’s government OKs power plants mining crypto as the country moves forward with a national strategy for cryptocurrency mining.
August 7, 2020
The VeChain Foundation announced a blockchain-based food safety solution based on its Blockchain-as-a-Service platform, ToolChain.
August 7, 2020
Good news for those who want to upgrade their website with functional tools and features – on August 5st, Lumi Wallet Technologies launched its app web widget. Now everyone can easily embed a “mini digital wallet” into the body of their website. The Lumi Wallet Widget is a useful and interesting tool for a website. Basically, it is a real-time cryptocurrency exchange for the web page, it is simple, easy to use, and the web application is easy to install. The Lumi Wallet Widget takes up little space, brings enormous benefit, and deals with several issues at once: diversifying the interface, expanding the functionality of your website, letting users check the purchase price of digital assets in their currency right on your website, and then instantly getting quick access to their account to make an exchange. An adjustable color interface […]
August 7, 2020
As the price of Bitcoin consolidates under a key resistance level, on-chain data show an optimistic trend.
August 7, 2020
Investment strategist Raoul Pal says bitcoin is the only asset with a growth rate that outpaced that of G4 central bank balance sheets. Pal says G4 central bank balance sheets have grown much faster than traditional safe-haven assets like gold. A founder and CEO at Global Macro Investor (GMI) Pal made the remarks in a Twitter post on August 6. In the thread, Pal dispels the notion that only gold offsets the dilutive effects of inflation. “Many of us own gold to offset the dilutive effects on fiat currency of the growth in major central bank’s balance sheets. However, the balance sheet (BS) of the G4 has outpaced the rise in gold.” Central banks around the world have responded to the Covid-19 by creating money to boost faltering economies. The associated dilutive effect of the increased money supply has driven […]
August 7, 2020
The Financial Industry Regulatory Authority’s new request for digital assets activities adds more confusion to the regulatory environment.
August 7, 2020
Since late July, positive tweets about Bitcoin have increased substantially, signifying growing interest in its price.
August 7, 2020
Government authorities and executives at Free Economic Zone “Bishkek” are reportedly involved in running a large-scale illegal mining farm.
August 7, 2020
A U.S. startup is setting up a blockchain energy trading pilot in Los Angeles to promote electric van sharing.
August 7, 2020
By Dmitriy Gurkovskiy, author at RoboForex Blog By Friday, August 7th, the ETH seems to gave lost its absolute confidence in further growth but its overall mood remains positive. This promises a chance of growth after the pause. Today the ETH is generally trading at 396 USD. On H4, the uptrend of the ETH has passed the level of 38.2% Fibo related to the preceding long-term declining wave. Technically speaking, there is a correction forming on the chart after swift growth. After the correction and a breakaway of the high at 415.26 USD, the next goal is likely to be 50.0% Fibo (455.05 USD). However, for now, after a divergence on the MACD, an impulse of declining has corrected the previous growth to 38.2% Fibo. The next wave of growth is testing the area near the high but the market seems […]
August 7, 2020
Republic is trying to swap one SEC exemption for another to move its security token from the private to public markets.
August 7, 2020
Coronavirus stimulus failures show just how irrelevant the dollar supply has become and this “a wakeup call” for those not looking at Bitcoin, Cameron Winklevoss argues.
August 7, 2020
The amount of bitcoin held by small investors has more than doubled in the past five years as so-called whale holdings declined by an almost similar margin during the same period. According to new data from Glassnode, the percentage of supply owned by entities holding 10 BTC or less has grown from 5.1% to 13.8% since June 2015. At the same time, whale-sized bitcoin wallets holding between 100 to 100,000 BTC have dropped to 49.8% from 62.9% five years ago. The figures suggest mass adoption is on the rise and that the top cryptocurrency is becoming more decentralized. “Control of bitcoin’s supply has been steadily shifting towards smaller entities,” observed data analytics firm Glassnode. There is nearly 18.6 million bitcoin in circulation today, the bulk of which is in the hands of whales. Only 21 million coins could ever be […]
August 7, 2020
North Korean hackers are reportedly using untraceable altcoins to convert stolen cryptocurrencies into cash.
August 7, 2020
A new analysis suggests the token supplies for most DeFi projects are not widely distributed, with up to 99% held by the top 500 addresses.
August 7, 2020
Pierce’s successful confirmation was announced on Aug. 6 in a statement from SEC Chairman Jay Clayton and fellow Commissioners.
August 7, 2020
Bitcoin’s dominance has fallen to a 12-month low despite its recent rally, signaling renewed strength in the altcoins markets.
August 7, 2020
Bitcoin averaged over a million daily active addresses in the past week for the first time since January 2018. The growing usage metrics add to evidence of a rising bull market. According to data compiled by Coin Metrics, ethereum might be on course to surpass its all-time high if the bull market continues. The data shows “ethereum averaged 626,000 daily active addresses in the period. This figure is just 111,000 short of the all-time high set on January 16, 2018.” Still, the report is highlighting the growth in network transaction fees during the same period. Explaining this growth, the report says “transaction fees also continue to rise which signals increasing demand for block space.” When bulls dominate the market both the Bitcoin and Ethereum networks get congested with unconfirmed transactions. Bitcoin miners respond to network clogging by prioritizing transactions with […]
August 7, 2020
Despite suffering its second 51% in a week, and major exchanges disabling deposit, withdrawal, and some trading services, Ethereum Classic is up 2% over yesterday.
August 7, 2020
An analysis of the 20 largest crypto assets by market cap determined that Bitcoin mining accounted for only 66% of total power consumption.
August 7, 2020
The Chinese academic sector is “seriously lagging” in terms of keeping up with demand for blockchain specialists.
August 7, 2020
Data shows investors who dollar-cost averaged into Bitcoin even since the $20,000 peak are profitable.
August 7, 2020
Personal tokens are growing in popularity with the host of ‘Week in Ethereum’ listing EVAN tokens on Balancer”.
August 7, 2020
The digital currency asset manager Grayscale told investors on Thursday that the firm has publicly filed a Registration Statement on Form 10 with the Securities and Exchange Commission (SEC) for the company’s Ethereum Trust. The recent filing is voluntary and if the SEC approves the registration, the Ethereum Trust will be the second crypto asset investment vehicle to obtain the status of a reporting company by the SEC. Established in 2013 by Digital Currency Group, Grayscale Investments has been around for quite some time now. The firm manages a number of investment vehicles that allow investors to gain exposure to crypto assets like bitcoin, bitcoin cash, ether, horizen, XRP, zcash, ethereum classic, litecoin, and stellar. In September 2013, Grayscale introduced the Bitcoin Investment Trust which originally was only available to accredited investors. Then the trust got the Financial Industry Regulatory […]
August 7, 2020
The Cannabinoid Association of the Netherlands has unveiled a blockchain-based CBD tracker for customers to trace a product’s journey from seed-to-sale.
August 7, 2020
Bitcoin Cash’s ABC and BCHN camps look set to compromise on the protocol’s coming upgrades in November.