UPDATE, 4/18/18 – it appears Basecoin has changed its name to “Basis Protocol” and has alsoraised $133 million from top Valley investors anyway. Despite the fact that it’s an economic dumpster fire.
Source: prestonbyrne.com
The Toronto-based startup’s origins lie in a Facebook group created by founder Emily Bitze in 2013. It began as an insider-y scene of young people bartering used stuff—the cardinal rule was “no money allowed in this zone.” The group soon exploded into having more than 60,000 members in the Toronto area alone, with spinoffs in numerous cities.
Bunz was a critical entry point for many newcomers to a secondhand market for furniture, knick-knacks, food, and whatever else. People made friends, found housing, and formed bands through the Facebook group and its many offshoots.
The wallet transactions on Etherscan show that almost all of Balina’s tokens were withdrawn from his account during the livestream. This included more than 20 million Nucleus Vision, 2 million Pareto Network, and 1 million Loom among others.
Source: thenextweb.com
There is no better evidence for this than the fact that the rarest metal in the crust of the earth, gold, has been mined for thousands of years and continues to be mined in increasing quantities as technology advances over time, as shown in Chapter 3. If annual production of the rarest metal in the earth’s crust goes up every year, then it makes no sense to talk of any natural element as being limited in its quantity in any practical sense.
Credit Karma Tax, the tax prep branch of the popular credit score site, said April 13 that fewer than100 of the 250,000 most recent tax filers through the servicehave reported cryptocurrency transactions. One of the biggest questions this tax season has been the impact that last year’s cryptocurrency boom would have on filers across the U.S. In 2017, cryptocurrencies became among the very trendiest investment (or speculation, depending upon your perspective) opportunities.
How hard could it be to send some bitcoin from a JavaScript library? I decided to try on the ‘testnet’. I downloaded Bitcoin Core, configured it for the testnet, waited a few hours for it to sync the testnet blockchain, created an ‘address’, and found a ‘testnet faucet’ to send my new address some testnet bitcoin.
Source: jonathanotto.com
Inefficiencies exploitable by arbitrage are inherintly zero sum: there is only a fixed amount of money to be made, and a lot of people are out to get it. This is the reason you won’t find any good arbitrage bots online.
Source: wizb.it
The IRS has since clarified that virtual currency is to be “treated as property for US federal tax purposes,” meaning any gains between the time bitcoins were bought and when they were sold (due to price deflation) must be treated as capital gains. Yet four years since Cross’s Reddit post, paying cryptocurrency taxes hasn’t gotten much easier. After Bitcoin’s biggest year yet—with a high of $19,000 USD for one bitcoin in December—most clients are getting hit with way more taxes than they anticipated.
Coinsecure has become the latest in a long line of cryptocurrency exchanges which has lost investor funds to attack — but in this case, it appears to be an inside job.
Source: zdnet.com
A local start-up company founded last year, OneGram, is issuing a gold-backed cryptocurrency — part of efforts to convince Muslims that investing in cryptocurrencies complies with their faith.
Source: venturebeat.com
Due to several bugs in the XVG code, you can exploit this feature by mining blocks with a spoofed timestamp. When you submit a mined block, as a malicious miner or pool, you simply set a false timestamp to this block one hour ago and XVG will then “think” the last block mined on that algorithm was one hour ago. Your next block, the subsequent block, will then have the correct time.
If you were mining for someone else, your earnings are considered wages, subject to regular wage withholding by your employer. If you were doing it as an independent contractor,those earnings have to be considered self-employment earnings. In other words, those earnings will not be reported as capital.
So you have both the initial difficulty of determining fair market value of the virtual currency and the added complication of properly categorizing your mining activity. Note, this is assuming employees or contractors are getting paid in cryptocurrency; regular salary paid in cash and similar payments are treated under standard income tax principles.
The Verge development team is preparing a hard-fork of the entire cryptocurrency code to fix the issue and revert the blockchain to a previous state before the attack to neutralize the hacker’s gains.
Source: bleepingcomputer.com
You can think of Chainalysis as a blockchain detective. The New York-based firm is best known for its forensic tools that help law enforcement agencies track the movement of bitcoin, but it also helps financial financial firms keep tabs on who is using digital currencies.
Source: fortune.com
John McAfee, founder of the security software company, revealed on Friday that he charges $105,000 USD to post a tweet promoting a client’s cryptocurrency to his 813,000 Twitter followers.
Source: vice.com
Rarog has been seen primarily used to mine the Monero cryptocurrency, however, it has the capability to mine others. It comes equipped with a number of features, including providing mining statistics to users, configuring various processor loads for the running miner, the ability to infect USB devices, and the ability to load additional DLLs on the victim.
Source: paloaltonetworks.com
Tracking the myriad cryptocurrencies as they ping around the world en masse every day is no simple task. Ask 27-year-old British entrepreneur Jonathan Levin, co-founder and chief operating officer of Chainalysis, one of the hottest companies in the burgeoning business of digital currency tracking. In its early days, in 2014, Chainalysis would do its best to retroactively monitor transactions and follow the money of nefarious types on the blockchain, largely for the benefit of U.S. government investigators hunting fraudsters and launderers.
India virtually banned cryptocurrencies like bitcoin with the Reserve Bank of India barring regulated entities from providing services to any individual or business dealing in digital currencies. The central bank has given three months to regulated entities like banks to unwind their positions with the entities related to cryptocurrencies, RBI Deputy Governor BP Kanungo said in a media conference. The regulator, however, decided that it will promote the use of blockchain – a public ledger that serves as the backbone of bitcoin – in financial services for strengthening transparency and improving inclusion.
The promise of cryptocurrencies, and blockchain technology in general, is decentralization. Proponents say that if power is spread out to many different people and groups, then no single entity can impose its agenda on the whole network. In practice, however, cryptocurrency communities rely on many centralized tools.
For example, much of the discussion within cryptocurrency communities takes place on Twitter and Reddit. Using popular services like these is good for accessibility, but occasionally relying on an mainstream entity backfires on the cryptocurrency proponents.
We’re excited to announce our intention to support the Ethereum ERC20 technical standard for Coinbase in the coming months. This paves the way for supporting ERC20 assets across Coinbase products in the future, though we aren’t announcing support for any specific assets or features at this time. We are announcing this both internally and to the public as consistent with our process for adding new assets.