Monthly Archives: August 2019

Polkadot Soft-Launches Its Experimental ‘Canary Network’ Kusama

Polkadot launches canary-network test bed for its bleeding edge network. Blockchain interoperability protocol, Polkadot, launched its experimental “canary network” dubbed Kusama, this morning, Aug. 23. In a blog post, the team announced the first deployment in the wild of its protocol, combining “bleeding-edge technical improvements in governance, consensus and scalability.” Limited functionality for soft launch In order to get off the ground, Kusama was begun as a Proof-of-Authority (PoA) network. All validator nodes are currently being run exclusively by the Web3 foundation. During this initial period much […]

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The Push to Kill Cash – Australia’s Proposed Ban Shows It’s Not Conspiracy Theory

The supposed coordination of governments and tech companies to create a one-world, cashless society is often viewed as little more than fodder for silly Youtube conspiracy videos. After all, cash is still king in daily life, even in extremely high-tech, innovative societies like Japan. Upon closer examination, though, current realities like Australia’s proposed cash transaction ban for 2020, the continuing removal of higher denomination bills from several world economies, and the creation of centralized, state cryptocurrencies by governments worldwide cannot be ignored. These trends signal a global […]

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Bitcoin Advocate Becomes ‘Nobody’ to Run for New Hampshire Town Mayor

A Bitcoin-friendly “Nobody” is running for mayor of a New Hampshire town. A Bitcoin advocate who has changed his name to “Nobody” was first in line to file his candidacy for Mayor of Keene on Aug. 21. The town in the state of New Hampshire, United States, has been dubbed Crypto-Mecca for its positive attitude towards Bitcoin and cryptocurrency. “Nobody” tells the truth Throwing a curveball into the usual election process, “Nobody” aims to provide an alternative to the major candidates. One of these, city councillor, Mitch […]

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US Charges 2 Canadian Nationals Over Alleged $230K Bitcoin Fraud

Two Indian-origin Canadians are charged in the U.S. with a $230K Bitcoin fraud using a fake Twitter account of HitBTC exchange. Two Canadians of Indian origin were charged in the United States with a $233,220 Bitcoin (BTC) fraud using a fake HitBTC account on Twitter. Scammers posed as HitBTC customer service on Twitter Karanjit Singh Khatkar, 23, and Jagroop Singh Khatkar, 24, of Surrey, British Columbia, allegedly stole 23.2 Bitcoin from a woman in the U.S. state of Oregon, Indian publication The Week reports on Aug. 23, […]

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UK Employee Explains Why He Chose a 100% Bitcoin Salary

“People always ask how I am coping with living on Bitcoin,” a British software developer tells a UK tabloid, “but the truth is that my lifestyle hasn’t really changed.” “People always ask how I am coping with living on Bitcoin,” a British software developer told The Mirror in an interview this week, “but the truth is that my lifestyle hasn’t really changed.” The Mirror — a British daily tabloid founded over a century ago — ran its interview with 24-year old Zakk Lakin on Aug. 22.  An […]

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Circle Looks to Raise $100M for Its Equity Platform SeedInvest

Goldman Sachs-backed crypto startup Circle plans to raise a $100 million VC fund for its equity crowdfunding platform SeedInvest. Goldman Sachs-backed crypto startup Circle plans to deploy a $100 million venture capital fund for its equity crowdfunding platform SeedInvest. According to a recent job posting on LinkedIn, Circle is seeking the general partner that will be responsible for raising and managing the fund in partnership with SeedInvest’s senior leadership team. The partner will be expected to develop and drive an investment thesis, targeting Seed Invest’s network of […]

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Winklevoss Twins on Bitcoin: ‘Wall Street Has Been Asleep at the Wheel’

The Winklevoss twins — Bitcoin bulls and founders of the Gemini crypto exchange — say its retail investors who are still largely reaping the benefits of the crypto market. The Winklevoss twins — Bitcoin (BTC) bulls and founders of the Gemini crypto exchange — say its retail investors who are still largely reaping the benefits of the crypto market. In an interview with CNN Business on Aug. 22, Tyler and Cameron Winklevoss gave their perspective on Bitcoin as an investment, industry risks and the traditional financial sector’s […]

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Crypto Taxation Around the Globe — What Do Regulations Look Like?

Here’s how today’s crypto taxation laws look like across the globe, from the U.S. to South Korea, Switzerland, Japan, Australia and Malta… Upon its inception, Bitcoin was envisioned as a borderless currency that could be used by its owners without being affected by the regulatory impositions of any centralized agency or government body. And while this idea in itself is quite grand, the fact of the matter is that today’s crypto owners (across the globe) are subject to varying tax restrictions on their digital holdings by local […]

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4 Reasons Why Ethereum Classic Is Soaring — Up 40% This Week

Ethereum Classic price is soaring this week on bullish news including North Block Capital investment group joining ETC’s newly-launched developer support program. Ethereum Classic (ETC) price has surged 40% this week on several bullish news stories, according to data from Coin360.  Over the past seven days, ETC price has climbed from around $5.50 to roughly $7.30 by press time. It now sits in the number sixteen spot by market capitalization between Chainlink (LINK) and DASH. Ethereum Classic 7-day price chart. Source: Coin360 Here are some news stories […]

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Bitmain Valuation to Hit $12B With New 600K Chip Order, Source Says

A source close to the mining chip manufacturer involved in the deal confirmed an order for 600,000 7nm units. Bitcoin (BTC) mining giant Bitmain will increase its capacity by 50% in the next six months on the back of a giant hardware order, a source close to the deal has said. Bitmain eyes 50% capacity increase As reported by Chinese social media network WeChat on Aug. 23, Bitmain, which has seen a dramatic reversal of fortunes in 2019, will now buy 600,000 mining chips. According to a […]

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