Monthly Archives: June 2020

South Korean Economist Warns New Tax Laws May Slow Down Crypto Market Growth

South Korea economist worries that tough regulation would slow down crypto’s growth. The South Korean government recently announced their intention to impose a tax on cryptocurrency, leading to backlash. Korean Yonsei University economist, Sung Tae-yoon, warned that the decision to tax crypto capital gains may slow the technology’s emerging market, according to Koreatimes on June 21.  Sung said that taxing the crypto market while it is still in its infancy is a “prematureâ€� decision. He worries that tough regulations or taxation may prevent the crypto industry from […]

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Ethereum Network Fees Jump Above Bitcoin Transaction Fees for Two Weeks Straight

This week digital currency enthusiasts have been discussing network fees, specifically transaction fees associated with the Bitcoin and Ethereum blockchains. Last Sunday on June 21, one Ethereum proponent noted that during the last 16 days, Ethereum users have paid more to leverage the network than Bitcoin users. Digital currencies like bitcoin, ethereum, bitcoin cash, and litecoin all have a network or miner fee associated with sending each and every transaction. This means in order to send a fraction of bitcoin (BTC), there must be enough BTC in […]

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Julian Assange’s U.S. Extradition and Bitcoin’s Battle for Freedom of the Internet

WikiLeaks founder Julian Assange is currently being held on remand in a London maximum-security prison, solely on the basis of a U.S. extradition request. Assange has been charged with 17 counts of espionage related to WikiLeaks’ 2010 to 2011 publications concerning the U.S. wars in Iraq and Afghanistan, embarrassing U.S. diplomatic communications and evidence of torture in the Guantanamo Bay detention camp. Assange’s U.S. extradition case is recognized by free speech groups as the most important press freedom case of the 21st century. As the aggressive judicial […]

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Chainlink (LINK) Near New All-Time High — Here’s 3 Reasons for the Rally

Today’s Chainlink rally leaves the price just 3% away from setting a new all-time high, but can bulls maintain the current momentum? Chainlink (LINK), a smart contract blockchain network, is nearing an all-time high after the altcoin broke out today, notching a 11% gain at the time of writing. The altcoin first hit a record high at $5.10 in July 2019 before crashing to $1.35 during the Black Thursday marketwide correction on March 12. Over the past two weeks LINK has gained 33% and if the price […]

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20 Questions Gavin Andresen Should Have Asked Craig Wright, But Didn’t

Questions from Gavin Andresen’s deposition that he probably should have asked Craig Wright. The deposition of Gavin Andresen in the Kleiman v. Wright case unveils numerous new details about Craig Wright’s efforts to prove he is Satoshi Nakamoto. The deposition included questions about the proof session during which Wright allegedly signed a message with a private key from an early Bitcoin block. The deposition took place on February 26 and 27 2020. Though Kleiman’s attorney, Velvel Freedman, presented Andresen with dozens of questions, Andresen had little to […]

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Debit Card Data Auctioned on Dark Web After Ransom Goes Unpaid

REvil ransomware gang immediately auctioned sensitive data after a card services provider failed to cover their ransom. The REvil ransomware gang is auctioning off sensitive information, stolen from debit card services provider, Interacard. According to REvil’s website, the information is available in an auction listing published by the group. All prospective bidders are required to pay using Monero (XMR). REvil has previously only auctioned data in cases where their name-and-shame tactics fail to extract payment from a targeted company. That does not appear to be the case […]

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WEF Says Complete Blockchain Overhaul Unlikely

The WEF’s blockchain project lead said the technology has its place, but likely will not takeover as the underpinning of all systems. Ashley Lannquist, blockchain project lead for the World Economic Forum, or WEF, explained blockchain has its use cases, but the technology is not without limitations.  “I think it is unlikely that blockchain technology will become the underpinning technology of all systems in the future,” Lannquist told Cointelegraph.  When asked about blockchain adoption’s biggest roadblock, she explained: “Because of the trade-offs associated with blockchain – including capabilities […]

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Ransomware Gang Seeks Million Dollar PayDay

NCC Group revealed that a ransomware variant is now asking for million dollar ransoms. A malware group called Evil Corp is reportedly back in action, having recently launched a new ransomware which asks its victims to pay a million dollar ransom. The group had previously gone quiet after the U.S. Department of Justice charged some of its members in December 2019. According to a report published on June 23 by the cybersecurity firm Fox-IT, a division of NCC Group, Evil Corp has been active since 2007 — […]

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Bitpay Accepts Company of the Year Accolade

Bitpay wins Company of the Year Award from market research company. Digital asset transaction platform, Bitpay, has won the Frost & Sullivan Company of the Year Award in the alternative payments category. “Bitpay is a true industry leader, delivering best practices in growth, innovation, and leadership,” David Frigstad, Frost & Sullivan’s chairman, said in a June 23 statement.  Frost & Sullivan is a notable market research company over 50 years old.   Bitpay facilitates payment in Bitcoin Founded in 2011, Bitpay paved the way for businesses to accept Bitcoin […]

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Jim Rogers Discusses Bitcoin as Money and Why Governments Will Stop Crypto

Jim Rogers, who cofounded the Quantum Fund with billionaire investor George Soros, has shared his view on bitcoin, its use as money, and governments’ response to the growing use of cryptocurrency. He predicts that central banks will not let uncontrolled money be used. Jim Rogers Talks Bitcoin Famous investor Jim Rogers shared his prediction about the future bitcoin and cryptocurrency in an interview with Asahi Shimbun Singapore branch manager Koji Nishimura, published on Friday. Rogers cofounded the Quantum Fund in 1973 with billionaire investor George Soros, which […]

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