Business

IRS Invites Cryptocurrency Advocates to March Summit

[ad_1] 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
BLOCKCHAIN

DeCurret Partners with KDDI to Test Digital Currency

[ad_1] 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 a Feb.
ANALYSIS

The Law Enforcement’s Guide to Policing Crypto Cybercrimes

[ad_1] 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
Business

How Cryptocurrency Trading Has Evolved in Recent Years

[ad_1] 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
ALTCOIN

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

[ad_1] 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 up on this, McCaleb told
EXCHANGES

Bitcoin Price Returns Above $10K, Here’s Why

[ad_1] Bitcoin’s recent golden cross on the daily chart may have driven bullish enthusiasm for the leading crypto to reach a tipping point. With the upcoming halving, many investors are buying up sub 10K BTC in preparation of the supply-side shock. Golden cross has traders seeing visions of green candles After May, when Bitcoin’s upcoming halving takes place, the leading cryptocurrency will have an inflation rate of 1.8%, less than
EXCHANGES

Michael Bloomberg Pushes For Crypto Regulation

[ad_1] U.S. presidential candidate Michael Bloomberg is proposing rules that will clarify the status of crypto assets within the financial system. Bloomberg intends for these to offer greater government oversight as well as consumer protection.  BLOOMBERG WILL LEGITIMIZE CRYPTO Bloomberg has made these statements in his just-published Financial Reform Policy. Although not the first candidate to support crypto regulation, Bloomberg is by-far the most credible given his background in the
EXCHANGES

Mike Bloomberg’s 2020 Finance Policy Proposes Strict Bitcoin Regulations

[ad_1] 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
EXCHANGES

bZx Exchange Says Latest Attack Was “Completely Different”

[ad_1] Defi exchange bZx has been hit by a second flash loan exploit within a week, this time losing over $600,000 usd in ETH. This second attack in a matter of days, comes after bZx had just implemented a fix to prevent flash loan exploits.  Are Flashloans the real DeFi Killer? 1/ WHAT WE KNOW SO FAR: There was a second attack. This attack was completely different from the first.
Business

BitGo Gains Entry to Digital Securities World Through Acquisition of Harbor

[ad_1] 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