Monthly Archives: August 2019

NEO Is in Talks to Integrate Celer Network to Improve Scalability

Blockchain project NEO is considering integrating Celer Networks layer-two scaling protocol to improve scalability. Blockchain project NEO is considering integrating Celer Network’s (CELR) layer-two scaling protocol to improve scalability. Faster transactions, more possibilities As industry-focused news outlet Crypto Briefing reported on Aug. 17, John Wang, NEO’s director of Eco Growth, said that integration with Celer is under discussion. Celer’s platform is a solution that enables faster off-chain transactions both for payments and generalized off-chain smart contracts.  To transfer value across the network, Celer uses its native CELR […]

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New Zealand Rules for Crypto Salary — Have Hopes Been Answered?

New Zealand has published a new ruling on salary and bonuses paid in crypto being subject to a pay-as-you-earn tax. But what does that actually mean? The national tax authority of New Zealand, the Inland Revenue Department (IRD), has recently published binding rulings and guidance for salaries and bonuses paid in crypto, made under s 91D of the country’s Tax Administration Act of 1994. This ruling applies only to salary and wage earners and not to self-employed individuals, and only for services performed by an employee for a […]

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IRS Revoking Passports Shows How Government Erodes Everything We Hold Dear

If you have outstanding tax debt, the IRS may now want to take your passport. For U.S. crypto holders still waiting on promised IRS guidelines for filing — especially those overseas who may have missed these warning memos — the over 400,000 agency notifications issued since February last year are troubling. This kind of behavior from government is nothing new, however, but an oft-repeating pattern of parasitism which sucks value from producers of goods, services and surplus, and punishes progress. Also Read: Elon Musk Supports Yang – […]

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Hubii’s Nahmii Announces IEO and First Member of Governing Board

Nahmii, Hubii’s blockchain scaling platform, reports a major week, announcing an IEO and the first member of its governing association two years after Hubii’s troubled ICO. Ethereum-based layer-two blockchain scaling platform nahmii has onboarded the Norwegian Block Exchange (NBX) as the first member of its governing association, according to a press release shared with Cointelegraph on Aug. 16. Created by Hubii, nahmii is designed to solve the transaction speed issue on the Ethereum network, which can reportedly manage only 15 transactions per second. This, the release notes, […]

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Crypto Markets Descending, With Bitcoin Price Sinking Below $10,200

Most major cryptocurrency markets have seen a slight drop today, with Bitcoin price falling below the $10,200 point. Saturday, Aug. 17 —  Most major cryptocurrency markets have seen a slight drop today, with Bitcoin (BTC) falling below the $10,200 price point, according to data from Coin360. Market visualization. Source: Coin360 BTC is trading at around $10,197 at press time, down roughly 3% on the 24-hour period to press time. Today, BTC saw a drop to as low as $9,765 before trading sideways around its current level. Bitcoin […]

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Reconciling Blockchain Technology With California Consumer Privacy Act

The upcoming implementation of the California Consumer Privacy Act of 2018 has grave implications for businesses utilizing blockchain technology… The California Consumer Privacy Act of 2018 (CCPA), which goes into effect on Jan. 1, 2020, has signaled a new push in the United States to strengthen and broaden privacy regulations, similar to the trends seen in the European Union through the passage and implementation of the General Data Protection Regulation (GDPR). The CCPA affords covered consumers new privacy rights not otherwise enjoyed here in the U.S. Under […]

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Bitcoiners Brace for More Performance Art and Another ‘Satoshi Reveal’

On Friday, a variety of paid press releases were published stemming from a company called Satoshi Nakamoto Renaissance Holdings, a firm that claims a big “reveal” is coming on Sunday, August 18. According to the announcement, Satoshi Nakamoto will divulge his “real-life identity” alongside his “country of origin, education, professional background, and why he has yet to move any of his 980,000 bitcoins.” Many cryptocurrency supporters believe the press release is nothing more than a market ploy similar to the Gotsatoshi.com ruse ‘unveiled’ last May. Also read: […]

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South Korean Crypto Exchange Coinone Releases Criteria for Crypto Listing

South Korean cryptocurrency exchange Coinone has released a set of criteria for digital currency projects to be listed on the exchange. South Korean cryptocurrency exchange Coinone has released a set of criteria for determining whether to list new digital currency projects on the exchange. In a blog post published on Aug. 8, Coinone described nine criteria cryptocurrency projects should comply with in order to be listed on the exchange. Coinone will specifically consider such issues as sustainability of business models, transparency of governance, token distribution plan, vision […]

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Passing the Burden of Negative Rates to Bank Clients Opens Door for Cryptocurrencies

Record low and negative interest rates have put commercial banks in a difficult spot. Across Europe, they have been passing the burden to their clients. Some have introduced fees for those with large account balances, while others are punishing everybody equally. In any case, some bankers fear this could lead to withdrawal of large amounts in cash, jeopardizing the cashless society traditional financial institutions have been building. Cryptocurrencies and their users have a lot to win in this situation. Also read: EU Members Adopt Tougher Crypto Rules […]

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A Different Look at Crypto Market and Top Assets, How Dominated Is It?

The 25 largest crypto markets comprise roughly 94.40% of the capitalization of the combined market cap. With Bitcoin regaining market dominance of over two-thirds of the entire combined cryptocurrency capitalization, discussions regarding market share of prominent altcoins have largely left the dominant cryptocurrency discourse. Here is a different outlook on the market and on how the top cryptocurrencies stack up with the rest. Market dominance flows from alts to BTC since 2018 Market dominance between the top cryptocurrencies by market capitalization has changed over the last year. […]

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