Monthly Archives: April 2018

China’s Position on Crypto Likely to Harden Under New PBOC Governor

China’s cryptocurrency markets have witnessed a number of significant events in recent weeks, including affirmation from the People Bank of China (PBOC)’s new governor, which will likely intensify the country’s crackdown on cryptocurrency. Also Read: Chinese Merchants in Moscow Convert Most of Their Cash to Crypto  New PBOC Governor Reaffirms Stern Position Regarding Cryptocurrencies Whilst attending a forum on monetary policy at Asia Annual Conference 2018’s Boao Forum, China’s recently appointed central bank governor, Yi Gang, indicated that the PBOC’s stance regarding virtual currencies will not soften under […]

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When the Taxman Comes Knocking, Will Americans Report Crypto Gains?

Cryptocurrency investors appear to be skirting their taxes. Whether keeping with crypto’s anti-establishment roots or for lack of ability, American cryptocurrency practitioners are testing the IRS’s tolerance for crypto tax evasion. Tax day in the United States is tomorrow, April 17, 2018, but according to the popular tax filing service Credit Karma, few cryptocurrency holders have reported earnings or losses on their 2017 tax documents. Out of the company’s 250,000 new filings, under 100 have disclosed capital gains from cryptocurrency investments, figures that are in line with […]

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What Is Ether?

Ether is the underlying token powering the Ethereum blockchain, but it serves a slightly different purpose than bitcoin does to the Bitcoin blockchain. Although ether is traded on public markets and has displayed price appreciation similar to bitcoin, they are quite different by design. Ether is not intended to be a unit of currency on a peer-to-peer payment network; rather, it acts as the “fuel” or “gas” that powers the Ethereum network. At the highest level, Ethereum is an open-source platform that runs smart contracts. When smart […]

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Crypto Investor Reportedly Hacked For $2 Mln On Live Stream, Internet Calls Foul

Crypto investor and advisor Ian Balina has reportedly been hacked for $2 mln in crypto, but a number of Twitter and Reddit users have suggested foul play. Ian Balina, a cryptocurrency investor and advisor, was reportedly hacked for more than $2 mln in crypto while doing a live stream on his YouTube channel Sunday, April 15, that he advertised as “Hacking the System.” ICO Review Live Stream – April 15, 2018 https://t.co/M77FDe40OA pic.twitter.com/6o29bR9216 — Ian Balina (@DiaryofaMadeMan) April 16, 2018 Watching the live stream of Balina’s Initial […]

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Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS: Price Analysis, April 16

The current situation on the crypto markets is uncertain, with several analysts predicting significant growth towards the end of the year. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Have the cryptocurrencies bottomed out or will they fall again after a short pullback? That is the question troubling […]

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Coinbase Buys Earn.com, Gaining Top Talent in the Process

Cryptocurrency exchange Coinbase is buying Earn.com, a social network that allows users to earn digital currency by replying to emails and completing small tasks online. Coinbase CEO Brian Armstrong made the announcement in a blog post today, April 16, 2018. In addition to welcoming the entire Earn.com team, Coinbase has made Earn.com co-founder and CEO Balaji Srinivasan its first CTO. Both companies are located in the Bay Area.   This is Coinbase’s fifth acquisition so far and its most substantial to date. Only last week, the exchange […]

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Tax Time is Here and Lots of Cryptocurrency Holders Don’t Care

In the U.S. tax season has arrived and many American cryptocurrency proponents are squirming because they have to pay for some of the gains they made last year. However, there are a lot of digital currency holders who could care less about taxes and they strongly believe that taxation is antithetical to cryptocurrencies. While there is a good portion of digital currency holders planning to file their gains and losses, many crypto-advocates don’t plan to pay their tax liabilities. Also Read: Blockchain Mining Completes Bitfarms Merger, Stock […]

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Startup To Help Traditional Businesses Effectively Embrace Blockchain Technologies

sponsored A UK startup is developing so-called middleware that could help traditional IT systems ‘talk’ to Blockchain-based systems, helping a large swathe of businesses utilize the distributed ledger and related technologies. A UK startup is building so-called middleware that could allow many traditional enterprise IT systems such as ERP, WMS and CMS to quickly adopt Blockchain-based systems. Most enterprise systems cannot be swiftly integrated with Blockchain, and many businesses cannot afford to invest millions of dollars in new ones. Omnitude aims to fill this critical technology gap. […]

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Major Korean Exchange Launches in Indonesia with Six Cryptocurrencies

One of South Korea’s top three cryptocurrency exchanges, Coinone, is launching an exchange in Indonesia. Initially, six cryptocurrencies will be supported but the exchange plans to add more coins. Coinone is also launching an airdrop event for 10,000 pre-registrants. Also read: South Korea Takes Steps To Regulate Digital Currencies Coinone Launching in Indonesia Coinone announced on Monday that it is launching Coinone Indonesia in Jakarta, “making [it] first among the top cryptocurrency exchanges in Korea to enter the global market,” the company wrote. The South Korean exchange is […]

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Coinbase Acquires Earn.com for an Estimated $100 Million

Coinbase has completed the acquisition of Earn.com, an app that lets users get cryptocurrency for answering emails and completing tasks. The Earn startup team joins the company and the founder will serve as its first CTO, as part of the deal. Also Read: Blockchain Mining Completes Bitfarms Merger, Stock Jumps 49% Coinbase’s Latest Acquisition San Francisco-based cryptocurrency exchange Coinbase has announced today that it has acquired Earn.com (formerly known as 21 Inc). As we reported in the past, the service allows senders to pay users in cryptocurrency […]

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