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Author Archives: admin

Congressional Committee Calls for Clearer Crypto Tax Code in Letter to IRS

In an open letter to the Internal Revenue Service (IRS), the U.S. House’s Committee on Ways and Means argues that the tax collection body is leaving investors in the lurch with its vague cryptocurrency tax codes. Authored by congressional representatives Kevin Brady, Lynn Jenkins, Darin LaHood, David Schweikert and Brad Wenstrup, the letter, addressed to Acting Commissioner David Kautter, calls ...

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LINE’s Token-Powered Ecosystem | Plans have been Unveiled

Plans for LINE’s token-powered ecosystem have been unveiled. The messaging app giant from Japan announced its new venture at CoinDesk’s Consensus: Singapore event this morning. LINE’s plans are ambitious; it wants to launch its new system by the end of 2018. Will it do it? LINE’s Token-Powered Ecosystem It can have such ambition because LINE already has more than 164 million monthly active users ...

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Innosilicon’s Impending ASIC Miner Could Challenge Bitmain’s Dominance

As controversies surrounding Bitmain’s looming IPO spell uncertainty for the future well-being of the mining goliath, competitors are fast to move in on the manufacturer’s territory. One of these competitors, Innosilicon, now claims to have a new ASIC miner for bitcoin in the works that will outperform any current hardware in speed, profitability and efficiency. Speaking to Bitcoin Magazine, an ...

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Cryptojacking is up 459% in 2018, and it’s the NSA’s Fault

A report from the Cyber Threat Alliance (CTA) indicates a massive 459% increase in the rate of illegal cryptojacking, through which hackers hijack computer processing power to mine cryptocurrencies like bitcoin and monero. As CCN recently reported, the Indian government was recently targeted in a cyberattack which hijacked processing power from government website servers to mine cryptocurrency. Computers infected with ...

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Airbus’ A3 Launch Blockchain Donation Platform Amidst Growing Crypto Trend

The research and development arm of Airbus, A3, has launched a blockchain donation platform, called Heritage, that allows charities to better track and understand their fundraising efforts and operational efficiency. The new Heritage platform will be based on the Ethereum blockchain and will provide a robust and thorough framework that allows charities to accept and track donations, removing the middle-man ...

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UN Women to Use Blockchain Technology in Refugee Work Program in Jordan

UN Women — a United Nations entity for gender equality and empowering women — will use blockchain technology for cash transfers in Jordanian refugee camps, according to a UN press release September 18. Per the announcement, UN Women in partnership with the World Food Programme (WFP) will use blockchain technology for money transactions at Za’atari and Azraq camps. The cumulative ...

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Crypto Daily News | Crypto Market Rebounds; Coinbase Reponds

In today’s edition of Crypto Daily News, we’ll cover the details of the crypto market rebound and Coinbase’s official statement regarding the proprietary trading allegations. Crypto Daily News: September 20th, 2018 Crypto Market Rebounds The crypto market is rebounding this morning, after taking a sharp fall last week after rumors spread that Goldman Sachs (NYSE:GS) wasn’t focusing on a cryptocurrency ...

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Newest Crypto Exchange Offers Multiple Currencies Via One Book

The crypto world is welcoming its newest digital currency exchange. Known as BTSE, it’s a platform designed primarily to look after markets and OTC trading. The system is unique in the sense that it offers multiple currencies through one book, and entities like the U.S. dollar, the euro and the Japanese yen all share the same liquidity pool. Co-founder Jack ...

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Tim Draper Keeps $250,000 Bitcoin Price Target, Says It Will be Bigger Than the Internet

Billionaire Bitcoin enthusiast Tim Draper remains confident that the dominant cryptocurrency will reach his famous $250,000 price target by 2022. Tim Draper Expects Crypto Age to be ‘Bigger Than the Internet Ever Was’ The venture capitalist known for his early stakes in Tesla, Skype, and Hotmail, was interviewed by TheStreet at the Crypto-Finance-Conference in California. The talk grazed through the underlying technology, ...

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