BLOCKCHAIN

‘Unknown Fund’ to Donate $75M in Bitcoin to Crypto, Anonymity-Focused Startups

[ad_1] An anonymous organization dubbed “Unknown Fund” is planning to give away $75 million in Bitcoin (BTC) to startups that are focused on anonymity and the protection of personal data.In a press release on Nov. 13, the organization — which consists of “ordinary, anonymous people from different countries” —  said it will donate the money to startups which support the idea of anonymity and specifically operate in such fields as
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XRP Down 16% Since Swell, Can Price Recover?

[ad_1] Ripple’s XRP not only failed to rally during the highly anticipated Swell conference this year, but actually sank by 16% shortly after. But can the price recover, or will see the asset slump even further?  XRP Eyes $0.25 in Current Trend The XRP market price is among the few to mark double-digit drop since the start of 2019, extending the losses to around 30%. The asset has promised use
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OKEx Expands Derivatives Line With Tether-Margined Bitcoin Futures

[ad_1] Malta-based, OKEx, which describes itself as ‘the world’s largest futures cryptocurrency exchange’, has just expanded its product offering, to include Tether-Margined Bitcoin Futures. The launch follows a successful simulation period, which began on Nov 5. Advantages Of Using Tether The new BTC/USDT futures product is a virtual derivative, quoted and settled in Tether. It has a face value of 0.0001 BTC, and traders can long or short a position,
BLOCKCHAIN

Ledger Vault Secures $150 Million Crime Insurance Policy for Digital Assets

[ad_1] Ledger Vault, the custody arm of hardware wallet manufacturer Ledger, has procured a crime insurance policy developed with broker and risk advisory firm Marsh and insurance company Arch Insurance Limited.According to an announcement on Nov. 14, the Ledger Vault platform now provides its users a customized crime insurance program for cryptocurrencies for up to $150 million. The program applies to third-party theft of the master seed and private keys,
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Ohio Crypto Program Hits a Snag, Attorney General Finds It Illegal

[ad_1] The Attorney General of the U.S. state of Ohio has assessed the state’s crypto program and concluded that it is a legal violation of state law. The state’s former treasurer skirted the law to launch a website that allowed 23 types of tax payments in cryptocurrency ahead of other states. Also read: US State of Ohio Accepts Bitcoin for 23 Types of Taxes Ohio’s Crypto Program Violates State Law
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Cardano vs EOS: Who is Really ‘Superior’?

[ad_1] Weiss Ratings surprised and divided the crypto community, by stating Cardano (ADA) is a project superior to EOS. This is a far cry from China’s belief, who still ranks EOS as #1 on its CCID ranking while Cardano sits way down at #31.  Weiss Crypto Ratings Bullish on Cardano Weiss Crypto Ratings admitted that ADA is yet to be used for its intended smart contract functionality. But the comparison
Business

Like-Kind Tax Exemption Has Never Applied to Crypto Transactions

[ad_1] The like-kind exchange tax exemption is not applicable to cryptocurrency transactions, according to the United States Internal Revenue Service (IRS). An official at the IRS Office said that U.S. taxpayers have never been authorized to postpone paying tax as part of the like-kind exchange principle even before the 2017 tax overhaul, Bloomberg Tax reports Nov. 13.Suzanne Sinno, an attorney in the IRS Office of the Associate Chief Counsel, delivered her
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Unknown Fund going to invest and donate $75 million of Bitcoin in startups that help anonymity ideas

[ad_1] The anonymous organisation Unknown Fund has announced that it intends to invest and donate $75 million in bitcoin to startups which directly or indirectly support the idea of anonymity. Preference will be given to the following niches: protection of personal data, tools for anonymity, cryptocurrency and blockchain. The organizers of the fund are ordinary, anonymous people from different countries who met on the 4chan English-language imageboard. In a brief
Business

Coinbase, Kingdom Trust, Regal Assets Jointly Offer Crypto IRA and 401(K) Accounts

[ad_1] Major American crypto exchange Coinbase, asset custodian Kingdom Trust and alternative assets investment firm Regal Assets have begun offering cryptocurrency-based individual retirement and 401(K) accounts in the United States.An individual retirement account (IRA) is an investment account that enables an individual to save money for retirement in a tax-deferred way, while a 401(K) represents a qualified retirement savings plan offered by an employer.In a Nov. 13 press release, the
Business

Samsung SDS to Use Zero-Knowledge Proofs on Business Blockchain

[ad_1] Samsung SDS, the IT arm of tech giant Samsung, has integrated QEDIT’s zero-knowledge proof solution (ZKP) to its Nexledger blockchain. By applying ZKP, Samsung SDS intends to provide a higher level of privacy for users of its enterprise blockchain platform Nexledger, QEDIT said in a press release on Nov. 14.To apply the technology, Samsung SDS has signed a memorandum of understanding with Israeli privacy-enhancing technology provider QEDIT in Seoul.