Monthly Archives: January 2020

Binance Charity Launches Relief Effort for Australian Bushfires

To address the after-effects of the bushfires in Australia, Binance Charity Foundation is donating $1 million in BNB tokens to the Australia Bushfire Donations project. To address the after-effects of the bushfires in Australia, the Binance Charity Foundation (BCF) is donating $1 million worth of BNB tokens to the Australia Bushfire Donations project. In a Jan. 7 blog post, BCF — the philanthropic arm of major cryptocurrency exchange Binance — announced the launch of a new charity project dubbed Australia Bushfire Donations, to which BCF is donating […]

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Price Analysis Jan 8: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XMR, ADA

Profit booking seen at higher levels. However, if the major cryptocurrencies can bounce off their strong support levels, it will indicate strength. The crypto markets continue to respond to the events happening in the United States-Iran conflict. Any sign of escalating tensions is boosting the crypto markets higher. Google Trends shows that the searches for terms “Bitcoin” and “Bitcoin Iran” have surged in the past few days. This shows that investors are considering Bitcoin as a safe haven asset, similar to gold. A report released by analytics […]

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3,000 New S17 Pro Antminers Start Operation at Riot’s Oklahoma Crypto Mine

Mining firm Riot Blockchain has begun deploying around 3,000 new S17 Pro Antminers as part of an upgrade of its Oklahoma City mining facility. Digital currency mining firm Riot Blockchain has begun deploying around 3,000 new units of S17 Pro Antminers as part of the full upgrade of its Oklahoma City mining facility. Per a Jan. 8 press release, Riot now operates nearly 3,000 more S17 Pro Antminers it purchased from Chinese mining giant Bitmain. The new mining machines are set up at Riot’s Oklahoma City mining […]

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Bitcoin and the Primacy of the Digital World

As a fervent bitcoin enthusiast, I frequently come across the following objection: In contrast to physical, analog things, bitcoin and similar crypto assets are completely virtual and digital. As such, they are neither tangible nor graspable and would thus lack any real basis of value. Because of their digital nature, many people still object to bitcoin, refuse to take it seriously or consider it altogether too scary. Some even lump the crypto asset in with other eerie and unsavory developments in tech and the ongoing digital transformation. […]

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Podcast: Bitcoin Clarity With Kiara Bickers

In this episode of the Bitcoin Magazine Podcast, Dave Hollerith talks with Kiara Bickers, author of Bitcoin Clarity: A Guide to Understanding Bitcoin. Bitcoin Clarity is different from other Bitcoin guides because it leverages a “systems thinking” approach to explain how and why each part of Bitcoin’s system has evolved into what it is today. The two discuss approximating decentralization, Bitcoin as a trustless time chain, the value and limits of information and more. Follow Swann and Hollerith on Twitter and learn more about Bitcoin Clarity. The […]

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Federal Reserve Considers Creating a Separate Entity for Cash Injections

While American President Donald Trump wages war with Iran, the U.S. Federal Reserve has continued to inject fresh capital into the hands of private banks by giving them $100 billion in overnight and 14-day repos on Tuesday. The same day, Rabobank strategist Philip Marey predicted the central bank will reduce interest rates to zero in 2020. Additionally, former Fed researchers believe the central bank needs to create a “standing repo facility” so private financial institutions can convert securities into fresh fiat reserves whenever they please. Also Read: […]

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Bitcoin Price Retreats to $8K as Trump Defuses Potential War With Iran

Bitcoin price retraced gains from earlier this week as President Trump announced that no further military action will be taken against Iran for the time being. Over the last few hours, the price of Bitcoin (BTC) began to falter at $8,300 and dropped all the way to the support at $8,000 as United States President Donald Trump stated that he would not seek further military action against Iran following Tuesday night’s bombing of two air bases in Iraq. The 4.82% pullback could show that speculators looking for […]

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Former Bakkt CEO and New US Senator Loeffler Will Help Oversee CFTC

Former Bakkt CEO and Georgia’s new Senator Kelly Loeffler will help oversee major financial regulator responsible for commodities trading — including BTC. Former Bakkt CEO and Georgia’s new Senator Kelly Loeffler will help oversee major financial regulator, the Commodity Futures Trading Commission (CFTC). Sworn into the United States Senate on Jan. 6, the crypto-friendly businesswoman has joined the Senate Agriculture Committee, which oversees the CFTC. The news was first reported by farm and policy publication Agri-Pulse on Jan. 6, while the official announcement was released on Jan. […]

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Crypto Tax Reporting Failures Can Be Expensive, Even Criminal

The rules and regulations surrounding cryptocurrency are complex, but accurate reporting is crucial to avoiding penalties. The Internal Revenue Service is aware that millions of cryptocurrency transactions may still remain unreported. Taxpayers may think they will not be caught, and many Coinbase users may have thought their information would be protected until the John Doe summons proved otherwise. The best way to avoid penalties is to disclose and report as accurately as you can, showing that you did not have a willful intent to avoid taxes.  Otherwise […]

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Monero’s Triptych Research Could Vastly Improve Its Anonymity

Triptych is a new ring signatures construction that could increase Monero’s anonymity set more than tenfold, though live implementations are still far off. The Monero Research Lab (MRL) has released Triptych in a Jan. 6 paper proposing trustless logarithmic-size ring signatures. As Monero’s core anonymity mechanism, research aimed at decreasing their size could improve the coin’s privacy significantly. Monero (XMR) is a privacy coin that uses several distinct mechanisms to obfuscate parts of a transaction. The primary line of defense against transaction tracing comes from ring signatures. These […]

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