IRS Invites Cryptocurrency Advocates to March Summit

Cryptocurrency companies and advocates will meet in DC to discuss how the IRS can “balance taxpayer service with regulatory enforcement.” With the 2019 tax season upon us, the IRS is leaving nothing off the table. Cryptocurrency holders are looking for ways to avoid reporting failures on their returns, and the agency has noticed. According to a Feb. 19 report by Bloomberg Tax, the IRS has invited cryptocurrency companies and advocates to appear for a March 3rd summit in Washington DC. Among the aims of the summit are determining how to…

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DeCurret Partners with KDDI to Test Digital Currency

The crypto exchange is planning to work on a joint project with the Japanese telecom giant to test digital currency in cafes. As the origin of cryptocurrency, Japan often leads the way when it comes to joint projects between companies in different fields, united by their desire to lead the pack in innovation. E-commerce giant Rakuten partnered with the East Japan Railway Company on June 5 to promote a cashless payment system.  A new collaboration is in progress between the Japanese telecom giant KDDI and crypto exchange DeCurret. According to…

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The Law Enforcement’s Guide to Policing Crypto Cybercrimes

Partnerships, deanonymization and transaction pattern analysis: What else do international police use to detect crypto cybercriminals? 2019 demonstrated that cyber-attacks are getting more numerous in the cryptocurrency industry, while hardware remains vulnerable and high-profile data leaks are becoming more common. Even worse, the trend is a continuing one.  Way back in June 2018, Kaspersky Lab security experts reported an increase in the amount of malware targeting the cryptocurrency market. They noted a trend toward the spread of two types of malware: for hacking cryptocurrency wallets and for malicious Bitcoin (BTC)…

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How Cryptocurrency Trading Has Evolved in Recent Years

Cryptocurrency trading is the exact opposite of forex and its options for owning an asset. In the early days of blockchain, cryptocurrency trading was seen by many as merely exchanging a few dollars for Bitcoins (BTC). The birth of other tokens and the high volatility in cryptocurrencies have led many traders to speculate by buying a few coins through exchanges in hoping the value will increase for the sake of profit.  The decision to switch to floating exchange rates was made in the second half of the last century, when…

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Stellar’s Jed McCaleb Says His XRP Sell-Off Won’t Disrupt Crypto Market

Jeb McCaleb says XRP’s price is not impacted by his sale of XRP. An analyst begs to differ, while Ripple weighs in on his contract. A recent Medium post from blockchain monitor Whale Alert showed that Stellar CTO Jed McCaleb sold off more than 1 billion XRP between 2014 and 2019. The post attempted to analyze whether or not McCaleb’s sale of XRP will affect the price of the crypto. Whale Alert noted that compared with other total trade volumes per day, the amount McCaleb is selling seems insignificant. Following…

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Mike Bloomberg’s 2020 Finance Policy Proposes Strict Bitcoin Regulations

The 2020 U.S. Presidential candidate Michael Bloomberg addressed the subject of cryptocurrencies and initial coin offerings (ICO) in his recently published Financial Reform Policy. Bloomberg wants more “regulatory oversight” when it comes to this promising technology, claiming he sees “plenty of hype, fraud and criminal activity.” Also read: Bitcoin, Tesla Stock, Tron: How Warren Buffett Got His First Bitcoin Mike Bloomberg’s 2020 Financial Reform Policy Discusses Intensifying Crypto Regulation Michael Bloomberg, former New York City mayor and the creator of the financial news operation Bloomberg LP, recently published his Financial…

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BitGo Gains Entry to Digital Securities World Through Acquisition of Harbor

Crypto custodian BitGo has acquired Harbor, allowing the firm to build out its digital securities capabilities. Digital asset custodial company BitGo recently unveiled its purchase of Harbor, an online platform for digitized securities.  “Our vision has always been bigger than wallets and custody,” BitGo CEO Mike Belshe said in a Feb. 18 statement provided to Cointelegraph. “Acquiring Harbor furthers BitGo’s vision of building a new digital infrastructure for financial services.”  Harbor’s website is also promoting the acquisition in a banner at the top of its homepage.   BitGo’s acquisition includes several…

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European Space Agency Funds Blockchain Project Recording Satellite Data

The European Space Agency, a major organization dedicated to space exploration, is funding a new blockchain project to boost the world’s mining industry. While Bitcoin (BTC) might not be ready for the moon yet, its underlying technology of blockchain is being increasingly adopted in space. The European Space Agency (ESA), a major intergovernmental organization dedicated to space exploration, is funding a new blockchain project aiming to boost the world’s mining industry. A known contributor to blockchain technology applications, the ESA has now co-funded a joint project with Scottish startup Hypervine…

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Cloud Giant Microsoft Azure Embraces Commercial Blockchain

Microsoft is integrating Lition blockchain to its Azure cloud marketplace and continuing in leading the blockchain adoption among the major cloud providers. Lition, a commercial blockchain, announced on Feb. 18 that Microsoft has officially brought Lition blockchain solution to its Azure cloud marketplace.   This makes Lition one of the few public/private blockchains currently supported by a major cloud provider like Microsoft. Microsoft also became the first to bring blockchain to the cloud and continues to remain at the cutting edge of blockchain adoption. Enterprises worldwide to benefit from blockchain adoption …

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Crypto Hedge Funds See Best January on Record

Crypto hedge funds see best January returns on record, a promising beginning to 2020. Crypto hedge funds that make up Eurekahedge’s index of crypto hedge funds have experienced a 21.15% return in January 2020.   Eurekahedge Crypto-Currency Hedge Fund Index 2017 vibes? This is not only the best January on record (the Index goes back to July 2013) but the first positive return for the month of January since 2017, when it posted a modest 4.85%. 2017 happened to be the most successful year for crypto hedge funds to date. That…

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