Monthly Archives: August 2019

Social Network Memo Adds Decentralized SLP Token Exchange

The Simple Ledger Protocol (SLP), a token creation system built on top of the Bitcoin Cash (BCH) network continues to mature as developers have released a number of third-party applications that support SLP tokens. Now the onchain, BCH-based social network Memo.cash has implemented an SLP token exchange allowing people to list SLP tokens and sell them for bitcoin cash. Also read: Creating Your Own SLP-Based Token Using Memo The New Trustless Onchain SLP Token Exchange Memo.cash is a popular social network that’s built on top of the […]

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Blockchain Firm Findora Hires Former Coinbase CTO as Strategic Advisor

Finance infrastructure-focused blockchain project Findora has appointed the former CTO of major American cryptocurrency exchange Coinbase as a strategic advisor. Finance infrastructure-focused blockchain project Findora has appointed the former chief technology officer of major American cryptocurrency exchange Coinbase as a strategic advisor. As fintech media outlet Fintech Finance reported on Aug. 14, Balaji Srinivasan joined Findora after serving as a general partner at venture capital firm Andreessen Horowitz, and co-founder and CEO of blockchain-powered paid messaging service Earn.com.  Apart from Srinivasan, Findora has also hired Dan Boneh, […]

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R3 Announces Planned Dublin Office Amid Aggressive Expansion

Enterprise blockchain developer R3 has announced a new Dublin office opening in 2020 as part of its rapid expansion plan. Enterprise blockchain developer R3 announced on Aug. 14 that it intends to open a second European office in Dublin in 2020. This comes just weeks after doubling the size of its London hub as part of an aggressive expansion plan. Hiring to expand global headcount by 25% The new office will serve as a tech hub, staffed largely with engineering specialists working closely with the existing London […]

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Can Central Bank Digital Currencies Be Used to Fight Financial Crimes?

Sovereign states and central banks could digitize paper money and be the concrete alternative to Libra. Paper money today is a marginal part of the currency in circulation and represents a direct relationship between the end user and the central bank. Its use is, however, unknown to the central bank; in a certain sense, it can therefore be said that like cryptocurrencies, cash can be used for illicit purposes. Central banks could start the process of digitizing paper money and thus create their own digital currency. Such […]

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New England Firm Settles with SEC Over Allegedly Unregistered $6.3M ICO

The United States SEC has settled with a New England-based firm for an allegedly unregistered $6.3 million initial coin offering. A New England-based firm has settled with the United States Securities and Exchange Commission (SEC) over an allegedly unregistered $6.3 million initial coin offering (ICO). According to an SEC announcement published on Aug. 12, SimplyVital Health, Inc. announced plans to conduct an ICO in order to secure funds for a healthcare-related blockchain ecosystem dubbed Health Nexus in 2017. The company offered a native token for Health Nexus […]

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ING Poll: Austrians Are Most Skeptical of Bitcoin and Cryptocurrency

Online survey by ING shows Austrians are the most skeptical towards cryptocurrency. An online survey by banking giant ING finds that Austrians are the most skeptical of Bitcoin (BTC) and cryptocurrencies in general. The poll, including respondents from 15 countries, shows that Bitcoin-positivity is also weakening in other countries, according to Der Standard, Aug. 14. The worst and getting worse Austrians are generally conservative on investments, but on cryptocurrency they are very skeptical, with only 13% seeing digital currencies in a positive light. Attitudes towards cryptocurrency worsened […]

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Anti-Corruption Group Proves Crypto’s True Power: You Can’t Confiscate Math

Last week in Russia, state agents tore apart the offices of FBK, a privately funded anti-corruption foundation, freezing group assets and more than 100 bank accounts. Officials are using suspicion of money laundering as justification for targeting the largely bitcoin-funded group, possibly in a bid to quell their hand in upsetting Moscow politics. This case and others, like raising donations or moving through airport security checks, demonstrates something bitcoiners have known for years: a math-based money that exists on the blockchain cannot be confiscated. Also Read: Bitcoin […]

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Bitcoin Is a Geopolitical Turmoil Indicator, Says Market Researcher

Bitcoin is a geopolitical turmoil indicator, according to co-founder of market research firm DataTrek Research, Nicholas Colas. Co-founder of market research firm DataTrek Research Nicholas Colas says that Bitcoin (BTC) is a geopolitical turmoil indicator. Bitcoin as a market indicator In an interview with CNBC published on Aug. 14, Colas claimed that Bitcoin was one of the few assets of which the price predicted Hong Kong’s protests and the consequent local capital flight.  When the interviewer asked him whether he believes that Bitcoin is a safe haven […]

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BitPay Infuriates Bitcoin Community | BTC Drops Hard: What’s Next? | Samsung Adds BTC | Much More!

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US Crypto Holders Only Have a Few Days to Reply to the IRS 6173 Letter

Cryptocurrency holders that will not reply are subject to account examination by the United States Internal Revenue Service. Last month, the United States Internal Revenue Service (IRS) sent approximately 10,000 letters to cryptocurrency holders regarding their crypto holdings. The IRS has begun sending letters to taxpayers with digital currency transactions that potentially failed to report income and pay the resulting tax from digital currency transactions or did not report their transactions properly.   Those who already received letter 6173, titled “Reporting Virtual Currency Transactions” on July 16 now […]

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