Monthly Archives: March 2020

One-Man DeFi Developer Quits Citing ‘Hostile Community’

The developer behind decentralized finance protocol iEarn has quit the project citing a “hostileâ€� and “entitledâ€� community. Andre Cronje, the one-man development team behind decentralized finance (DeFi) protocol iEarn, has quit the project. Cronje cites a thankless experience with the DeFi community as the catalyst for his decision to leave. Speaking to Cointelegraph, Cronje states that his time with iEarn was “equally the best time, and the worst.” After experiencing “absolute euphoria” during the nascent stages of the project, the developer states that the pressures began to […]

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Major Crypto Exchanges Lament Outsized Scrutiny From US IRS

Representatives from Coinbase and Kraken fear that the IRS is overestimating the threat they pose to U.S. regulation. Representatives of major crypto exchanges today told the United States Internal Revenue Service that they want to see clear regulations rather than vague suspicion from the tax authority. In a March 3 panel that is a continuation of a broader crypto summit at the IRS building in Washington, D.C., representatives from Coinbase, Kraken, and major accounting firm RSM US LLP argued that the crypto world had experienced outsized scrutiny […]

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Bitcoin Price Spikes on Fed Rate Cut But Hits $8.9K Sell-Wall

The price of Bitcoin and other markets jumped on news of a Fed rate cut, but BTC remains in an indecisive channel while holding a critical support level. The price of Bitcoin (BTC) made a severe drop in the past week, similar to the heavy dropdown of the equity markets. However, equity markets have been showing strength this week with a strong relief bounce and today’s announcement from the United States Fed of a 50 bps rate cut. Not only are equity markets showing strength, but a […]

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Elon Musk Voices Support for Dogecoin After Recent Bitcoin Bashing

Shortly after delivering sceptical remarks on Bitcoin, SpaceX and Tesla CEO Elon Musk has praised major altcoin Dogecoin once more. Just over a month after delivering sceptical remarks on Bitcoin (BTC), SpaceX and Tesla CEO Elon Musk is apparently rooting for major altcoin Dogecoin (DOGE) again. Already known as a big fan of DOGE, Musk has made yet another endorsement for the cryptocurrency in a March 3 tweet. While the initial tweet isn’t exactly crypto-related but just a shoob meme with caption “Dogs rock,” the subsequent tweet […]

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From Taxes to Transparency: The IRS Gets Schooled on Crypto

A panel of experts spoke before the U.S. IRS on recent changes in crypto technology that are shaking up the world of taxation. It is no secret that the United States Internal Revenue Service is working to cope with the unique challenges of taxing cryptocurrencies.  In the first of a series of panels today, March 3, four experts spoke about recent advancements in cryptocurrency technology and the challenges and opportunities they present for regulators. Public ledgers offer more transparency to regulators Jesse Spiro, global head of policy […]

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Bitcoin, Monero and Zcash Will Still Be Used in the Year 2414 According to Netflix’s Altered Carbon

Several cryptocurrencies such as bitcoin, monero and zcash were featured on the recently released and highly anticipated second season of Altered Carbon, a cyberpunk Netflix series set about 400 years in the future. A scene from the show clearly depicts a shop where prices are set in crypto, with no fiat in sight. Also Read: Cryptocurrency Explained on the Latest Episode of The Simpsons Netflix Features Cryptocurrency on Second Season of Altered Carbon Will the cryptocurrencies of today still be in use in the early 25th century? […]

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Blockchain to Bring Transparency to Uranium Markets

Major uranium producer Uranium One and DLT startup Insolar have teamed up to explore blockchain’s capabilities in uranium and energy trading. Major uranium producer Uranium One and distributed ledger technology (DLT) startup Insolar have teamed up to explore blockchain’s capabilities in uranium and energy trading. The partnership will focus on the improvement of the production and distribution of uranium, as multi-party deals in the industry are still conducted “using paper and pencil with non-standard contracts that cross borders and require tedious legal review.â€�  Both Uranium One and […]

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DeFi Leader MarkerDAO Partners With Simplex to Create a Dai Fiat On-Ramp

Major decentralized finance player MakerDAO has partnered with payment processor Simplex to create a fiat on-ramp for its Dai decentralized stablecoin. Major decentralized finance (DeFi) player MakerDAO (MKR) partnered with payment processor Simplex to create a fiat on-ramp for its Dai (DAI) decentralized stablecoin. According to an announcement on Mar. 3, the partnership makes it possible to buy Dai with the credit and debit cards of Simplex’s partner firms. Maker’s business development representative in Europe, Gustav Arentoft, said: “Having Dai integrated into Simplex is a benefit to […]

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From ISP to P2P: How Mesh Networks Take Bitcoin off the Grid

“What happens if the internet goes down?â€� You’ve heard it, I’ve heard it — we’ve all heard the refrain. It’s a favorite of FUDster journalists like Frances Coppola and David Gerard, and they treat it like the ultimate trump card when debating Bitcoin’s value. Correct! If the internet goes down across the globe, Bitcoin would be in trouble. But so would the global banking sector, the healthcare industry, the food industry and basically the entire fabric of our hyper-connected existence. If the internet is kaput, then you […]

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There Are Now Over 7,000 Cryptocurrency ATMs Worldwide

The number of global crypto ATM’s has grown to over 7,000, after surpassing the 6,000 mark just last fall. The number of crypto ATMs across the globe has grown to over 7,000, with machines in 75 countries. At press time, CoinATMRadar listed 7,014 cryptocurrency ATMs in existence. This number also includes machines hosting digital currencies other than Bitcoin (BTC), including assets such as Bitcoin Cash (BCH), Ether (ETH), Dash (DASH) and Litecoin (LTC). Crypto ATMs have come a long way The world saw its first Bitcoin ATM […]

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