In response to the coronavirus pandemic, the IRS is taking some important measures but taxpayers could be under threat. The United States Internal Revenue Service delayed tax day this year from April 15 to July 15, and perhaps that means many Americans aren’t thinking about taxes during this very strange time. Indeed, they seem understandably […]
Continue ReadingA U.K. payments startup is adding fiat gateways for Binance Chain BEP2 tokens to connect them with the banking network in the U.S., U.K., the EU and India. United Kingdom-based startup Cashaa has developed a fiat gateway for BEP2 tokens on Binance Chain. Announced on April 9, the integration would let users sell and buy […]
Continue ReadingNym is inviting users to test its purportedly NSA-thwarting privacy mixnet in the wake of increased government surveillance to track coronavirus. Swiss blockchain startup, Nym Technologies, has invited the general public to take part in the next phase of its mixnet platform’s user testing on April 8. The privacy infrastructure promises advanced protection against mass-surveillance, […]
Continue ReadingNonbank fintechs may be left unable to contribute to the United States government’s relief plan for small businesses hit by the COVID-19 crisis. Nonbank fintechs may be left unable to contribute to the United States government’s relief plan for small businesses hit by the COVID-19 crisis. On April 3, the U.S. Small Business Administration (SBA) […]
Continue ReadingThe number of Bitcoin whales with at least 1,000 BTC to their name is now higher than at any point in the past two years, Glassnode says. There are more Bitcoin (BTC) whales now than at any point in the past two years — and that mimics a trend from its 2016 halving, data shows. […]
Continue ReadingA Bitcoin miner in upstate New York has sold 106 petahash of its computing power to an undisclosed buyer, using a physically-settled “BTC hashpower contract.” A Bitcoin-mining power plant in upstate New York has sold 106 petahash of its computing power to an undisclosed buyer using a “hashpower contract” settled in Bitcoin (BTC). The contract […]
Continue ReadingChina’s Ministry of Industry and Information Technology has called for feedback on draft guidance for standardizing data security in blockchain and other emerging technologies. China’s Ministry of Industry and Information Technology has called for feedback on draft guidance for standardizing data security in blockchain and other emerging technologies. In a document published on April 10, […]
Continue ReadingThe Bitcoin Cash halving triggered an 80% drop in hash rate over less than two days — leaving it vulnerable to a 51% attack. The recent Bitcoin Cash (BCH) block reward halving has wreaked havoc on the cryptocurrency’s hash rate — with an apparent miner exodus plummeting hash power more than 80% over two days. […]
Continue ReadingCrypto industry has the best historical moment to change its reputation into a successful innovative tech sector within the finance industry. The Fed opening the floodgates to unlimited standing quantitative easing paired with a $6 trillion stimulus package is an unprecedented event. It’s the most heavy-handed intervention by the Fed to date. For many crypto […]
Continue ReadingThe Center for Scientific Evidence in Public Issues penned an open letter urging officials not to utilize blockchain for U.S. elections. With images from the Wisconsin democratic primary flooding the internet this week showing voters braving hail and cold weather in the middle of a pandemic, Americans may be looking for a better way to […]
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