A U.S. representative has introduced a bill that would free up cryptocurrencies from double taxation under the Internal Revenue Code. A tax bill seeking to allow the exclusion of gain or loss on like-kind exchanges of virtual currency has been introduced in the United States House of Representatives. To amend the Internal Revenue Code of […]
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Malaysian electric utility Tenaga Nasional Bhd has raided 33 illegal Bitcoin mining operations that were allegedly stealing electricity. Authorities raided Bitcoin (BTC) mining operations in Malaysia after finding that they were stealing electricity resulting in a loss of 3.2 million Malaysian ringgit ($760,736) to the utility company. 33 facilities illegally mining Bitcoin Malaysian major electric […]
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Kik says the SEC’s allegations are based on smoke and mirror tactics, and that they have no strong evidence to support their case. Social media organization Kik has responded to a United States Securities and Exchange Commission (SEC’s) complaint alleging that Kik violated securities laws in its 2017 token fundraiser. In a court filing dated […]
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Venture capitalists continue to fund cryptocurrency startups even as ICO fundraising remains significantly low. In late July 2019, Sony Financial Ventures joined a $14.5 million funding round for Bitcoin (BTC) bank Bitwala. Back in 2017 and 2018, such a figure might not have made many headlines, as crypto startups were raking in hundreds of millions […]
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In a bid to transform into a blockchain smart city, Seoul is planning to launch its own digital currency by November 2019. In a bid to transform into a blockchain smart city, Seoul, South Korea is planning to launch its own digital currency by November 2019. To facilitate engagement in the city’s governance As Australian […]
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Most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as Bitcoin briefly spiked above $12,000. Wednesday, Aug. 7 — Most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as Bitcoin (BTC) briefly broke the $12,000 mark and subsequently fell. Market visualization […]
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Cryptocurrency swaps and hardware wallet producer ShapeShift addressed recent KeepKey hardware wallet vulnerability allegations. Cryptocurrency swaps and hardware wallet producer ShapeShift addressed recent KeepKey hardware wallet vulnerability allegations. ShapeShift responded to an alleged vulnerability submitted through its responsible disclosure program in a Medium post published on Aug. 4. Per the announcement, the firm received a […]
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Calgary-based Bitcoin educator Ben Perrin has scammed a crypto scammer and subsequently donated the money to charity. A Canadian Bitcoin (BTC) educator has scammed a crypto scammer and subsequently donated the money to charity. As the Canadian Broadcasting Corporation reported on Aug. 7, Ben Perrin — a YouTuber who runs an education channel about cryptocurrencies […]
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A study reveals that more than 80% of all crypto related posts on Reddit are positive in nature, sentiment toward crypto on a rise in recent years… Despite all of the bad press that the digital asset industry continues to receive on an almost daily basis, it appears as though the overall sentiment of the […]
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Shenzhen issued nearly 6 million blockchain invoices with a total value of $553 million since the program started in August 2018. Major Chinese city Shenzhen has issued nearly six million blockchain-based invoices in a year since their inception in Aug. 2018. Shenzhen processed around $550 million through blockchain invoices in a year According to a […]
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