BLOCKCHAIN

Algorand Updates Protocol Enabling Block Creation Time of 4 Seconds

[ad_1] The Algorand Foundation has released an upgrade to its protocol to include more tools for decentralized applications (Dapps) and develop scalable blockchain-native solutions for real-world use cases.The company announced the development in a Nov. 21 press release, detailing that it added new capabilities directly into Layer-1, thus improving speed, scalability and finality. The new features include such as Algorand Standard Asset (ASA), atomic transfers and Algorand Smart Contracts (ASC).New
EXCHANGES

Shift Cryptosecurity Reveals New Tamper-Evident Packaging

[ad_1] As digital assets have grown valuable over the last decade, hardware wallets have become a mainstay and there’s now a variety of choices on the market. However, people still worry about their devices being tampered with during the shipping process and the firm Shift Cryptosecurity AG wants to erase the anxiety tied to these types of attacks. In order to curb vulnerabilities in shipping hardware wallets, Shift created a
Business

New Zealand Police Seize $4.2 M in Crypto in Movie Piracy Investigation

[ad_1] The national police force of New Zealand have seized between NZ$6.2 and NZ$6.7 million in cryptocurrency from a man who allegedly was involved in online movie piracy in the United States.Two accounts of the seizureAt 5:00 AM local time, on Nov. 23, the New Zealand Herald reported that New Zealand police had restrained around NZ$6.7 million (USD$4.2 million) in cryptocurrencies and NZ$1.1 million (USD$700,000) in bank funds under the
BLOCKCHAIN

Overstock’s Former CEO Patrick Byrne Still Holds Major tZero Stake

[ad_1] After selling off all of his Overstock shares, former CEO Patrick Byrne is reportedly still holding a major stake in tZero, Overstock’s crypto token platform.Byrne still owns 63,775 shares in tZeroOverstock’s 2019 notice of special meeting and proxy statement, filed with the United States Securities and Exchange Commission (SEC) on Nov. 22, shows that the company's former CEO still holds 63,775 shares of series a-1 preferred stock.In August, Byrne
EXCHANGES

How to Navigate the Minefield of Cryptocurrency Taxation

[ad_1] National tax agencies have recently made it clear that the long arms of the law will be wielded to ensure bitcoiners pay the appropriate tax on their earnings. Motivated by surging interest in crypto, authorities are cracking the whip and instilling fear in those who have, until now, dismissed the notion that they might be pursued for tax on their trading. Also read: IRS Dispels Crypto Tax Confusion A
Business

Friday Shows Bloodbath for Crypto Markets, Bitcoin Price At $7,300

[ad_1] Friday, Nov. 22 — Cryptocurrency prices are bleeding heavily, with some of the top-20 coins showing losses of close to 10% on the day.Cryptocurrency market daily overview. Source: Coin360Bitcoin (BTC) started the day just above the $7,600 price mark, when it suddenly started on another sell-off towards the $7,000 price level. The coin bounced off a local low of $6,800 in recent hours, before moving up to its current
Business

Finland Prepares For Bitcoin Ransomware Attack With Cyber Fire Drill

[ad_1] The Finnish Population Register Centre is coordinating a simulated ransomware cyberattack on more than 200 Finnish cities and public organizations.On Nov. 22, Finnish news outlet Yle reported that participating cities and organizations are rehearsing how to respond when a group of hackers demands the participants pay ransomware during a series of simulated cyberattacks.As part of the operation, 235 public organizations were faced with an activist hacker group that threatened
ANALYSIS

Global Debt Reaches New Highs — Is BTC a Solution or a Beneficiary?

[ad_1] Global debt has surpassed $250 trillion. That’s 320% of gross domestic product, announced the Institute of International Finance on Nov. 14. Emerging market debt also hit a record $71.4 trillion, 220% of GDP.This has set off alarm bells. After all, the projected year-end amount of $255 trillion is equal to $32,500 for each person on the planet, or $12.1 million per Bitcoin (BTC), as Cointelegraph reported.But, as mind-boggling as
EXCHANGES

Bitcoin.com Accelerates Cryptocurrency Adoption With Racer Endorsement

[ad_1] Luke Vanna and the Bitcoin.com car are competing for top honors in the Australian Toyota 86 Racing Series. Sports partnerships like this can introduce cryptocurrency to new audiences as well as attract more businesses to join the ranks of the many merchants already accepting bitcoin cash across the country. Also Read: Bitcoin.com to Launch $200 Million BCH Ecosystem Investment Fund Bitcoin.com in Australian Toyota 86 Racing Series This weekend,
BUY/SELL

After Testing $7K — Is Bitcoin Price Finally Close to the Bottom?

[ad_1] Bitcoin (BTC) opened the day at $7,600 and began a sharp decline to find lows of $6,800 — a loss of just over 10%. Price has since been pushed back across $7,000 with buyers showing interest in prices below the $7K handle.The loss in Bitcoin valuation has dragged the entire market down with notable loser being Ether (ETH), which has lost support at $150 and printed lows of almost