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Tag Archives: Update

5 U.S. Legislators ‘Strongly Urge’ IRS to Update Bitcoin Tax Guidelines

A group of U.S. legislators has asked the Internal Revenue Service (IRS) to provide updated guidelines on how taxpayers should report profits associated with investing in bitcoin and other cryptocurrency assets. Republicans Criticize IRS for Enforcing Tax Law without Clear Guidance In a letter dated Sept. 19 and published on the House Ways and Means Committee website, five representatives — ...

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Bitcoin Core Update FIxes Vulnerability That Reportedly Could Crash Network for $80,000

Bitcoin Core has released an update following the recent detection of a vulnerability in the software, according to a September 18 press release by the Bitcoin Core Project. According to the statement, Bitcoin Core 0.16.3 was released with a fix for a denial-of-service (DoS) vulnerability. The vulnerability could reportedly cause a crash of older versions of Bitcoin Core if they ...

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Bitcoin Core Developers Issue Emergency Update for DoS Flaw

Keeping a cryptocurrency safe and secure from harm is a full time responsibility. Even in the case of Bitcoin, new flaws can be discovered after nearly 10 years of ongoing development. One such issue has been disclosed earlier this week, as it caused a denial-of-service issue with Bitcoin Core 0.16.2. The Bitcoin Core DoS Issue In the world of cryptocurrency, ...

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Cryptocurrency Market Update: Ripple’s xRapid Sends XRP 20% Higher

Markets have recovered slightly; XRP, Cardano, Tron and Chainlink on a roll. Crypto markets have recovered slightly following yesterday’s ten billion dollar dump. Total capitalization has inched slowly back towards $200 billion and is about to break it. One big pump yesterday added $8 billion back into the markets. Bitcoin is up marginally today, around 1.2% to $6,370. BTC is ...

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Cryptocurrency Market Update: Waiting For Momentum On Sunday

Markets are sleepy this Sunday, Ethereum is holding steady, Bitcoin Cash, Litecoin and Monero dropping back. There has been a very minor pullback in crypto markets today. In general though things have been pretty static over the weekend and total capitalization has remained over $200 billion for another day. Bitcoin has lost a fraction since yesterday and is currently trading ...

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India Update: RBI Claims Court Can’t Recognize Crypto as Currency Due to Existing Laws

The Reserve Bank of India has continued is tirade against the legalization of cryptocurrencies by filing an affidavit to the country’s supreme court. The Supreme Court will be holding a hearing on the case of legalizing cryptocurrency on September 17th, at which time the affidavit will be reviewed. According to a recent report, the RBI claims that cryptocurrencies cannot be ...

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Cryptocurrency Market Update: Altcoins Bounce From Yearly Lows

Markets have bounced from yesterday’s low, Ethereum, Litecoin, Monero, VeChain recovering. There has been a bounce back from yesterday’s yearly low and markets have regained a little today. They are still at very low levels, however, failing to climb above $200 billion total capitalization. Bitcoin, which has survived this rout better than its brethren, has put on 2.8% on the ...

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