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Monthly Archives: February 2018

Pump and Dump in Crypto: Cases, Measures, Warnings | News

The pump and dump, an age-old scheme to quickly raise the value of a worthless asset and then selling it to reap the profits from the price increase. Not only is the pump and dump illegally under the securities laws, but it is also extremely popular in the world of Blockchain technology, cryptocurrency, and digital assets. How does it work ...

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Introducing BaapPay – The Merkle

The reality is that most businesses today  do not have the necessary tools needed to seamlessly accept both fiat and cryptocurrency. Nor are business willing to accept the volatile of the crypto market,  which can leave businesses at risk when accepting cryptocurrency. However, BaapPay changes that! BaapPay is a multi-layered platform which features a payment gateway, point of sale software, ...

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Coinbase Informs 13K Affected Customers Of Imminent Da… | News

US-based cryptocurrency exchange and wallet service Coinbase sent an official notice Friday, Feb. 23 to approximately 13,000 of its customers whose information it is legally required to turn over to the US Internal Revenue Service (IRS). The IRS had initially asked Coinbase in July 2017 to hand over even more detailed information on every one of its then over 500,000 ...

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Bitcoin Price Dips Below $10,000 as Next Bearish Wave Materializes – The Merkle

It has become painfully evident this weekend will not be a good one for the cryptocurrency markets. If the retracing Bitcoin price is any indication, the next 48 hours may very well turn into a major bloodbath. With the Bitcoin price firmly below $10,000 once again, the market volatility only intensified as more time progresses. Another Bitcoin Price dip Materializes ...

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US: Georgia Next State In Line To Accept Crypto For Ta… | News

The US state of Georgia is the next state in line to possibly accept cryptocurrencies as a valid form of payment for state taxes and licenses, according to a bill introduced on Feb. 21. Senate Bill 464, introduced by Republican state senators, Joshua McKoon and Michael Williams, proposes that “[t]he commissioner shall accept as valid payment for taxes and license fees ...

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Overstock CEO Puts ‘Millions Of Dollars’ Into Unknown… | News

Patrick Byrne, the CEO of Overstock, which was the first major retailer to accept Bitcoin (BTC) back in 2014, has said that he is “not really interested in cryptocurrencies per se,” but revealed a little-known Blockchain project his company has invested “millions of dollars” into in an interview with Business Insider Friday, Feb. 23. When asked if he’s interested in ...

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South Korean Regulators Inch Closer to Legalizing Bitcoin – The Merkle

The cryptocurrency situation in South Korea is constantly evolving. For the longest time, people have awaited official regulatory guidelines. They are slowly coming to fruition, which would label virtual currencies as “liquid assets”. It’s an interesting development that will bring some positive momentum to cryptocurrencies. Bitcoin could Become a Liquid Asset in South Korea No one will deny South Korea has become one of ...

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Romanian Startup Targets $400 Bln Charity Fundraising… | News

A Romanian startup has set out to build a specialized Blockchain-based fundraising platform for philanthropic organizations such as Unicef, Red Cross or Save The Children to improve speed and transparency of payments. Year-end launch planned GoHelpFund is harnessing Blockchain and smart contracts, both of which significantly enhance speed and security of payments when compared with older payment systems. It also ...

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Is Proof-of-Work a Major Problem for Bitcoin’s Future?

Bitcoin is a very energy-inefficient project as of right now. The proof-of-work aspect has been discussed many times over. It seems community members are now advocating to change this algorithm altogether. With mining centralization becoming a real problem, such a change is not necessarily a bad thing. The Proof-of-Work Situation Generating new Bitcoins requires dedicated hardware. This hardware is expensive ...

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