Tag Archives: Cryptocurrency

US Regulator Plans to Outsource Running Cryptocurrency Nodes

A recently published document reveals that the U.S. Securities and Exchange Commission (SEC) has plans to hire contractors to run specific cryptocurrency full nodes for the government agency. According to the SEC documentation, the regulator wants third-party contractors to run nodes for Bitcoin Core (BTC), Ripple (XRP) and Ethereum (ETH) in order to monitor compliance risks. Also read: SEC Begins ...

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China Appears to Soften Its Stance Regarding Cryptocurrency

In an unexpected move, a major Chinese state bank has posted what appears to be a positive infographic on its website detailing the history of Bitcoin and some basic cryptocurrency concepts. The infographic notes the impressive gains that Bitcoin has benefitted from recently and appears to address the relevance of cryptocurrency in today’s world. Trading of Bitcoin and cryptocurrencies in ...

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IRS Says Its Sending Warning Letters to US Cryptocurrency Owners

The IRS has begun contacting U.S. taxpayers, warning them about possible back taxes owed on their crypto holdings. CryptScout #BitFeed RSS – Bitcoin and Cryptocurrency News 24/7

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MIT Fellow Says Facebook Lifted His Ideas for Libra Cryptocurrency

MIT fellow Alex Lipton claims Facebook borrowed the guts of its Libra project from a paper he co-authored last year. CryptScout #BitFeed RSS – Bitcoin and Cryptocurrency News 24/7

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Calls Intensify for Indian Government to Regulate Cryptocurrency

Since the Indian government unveiled a draft bill to ban cryptocurrency, the crypto community has ramped up its efforts to influence the government’s final decision. The community has plans to reach out to parliament members to show them how flawed the crypto recommendations the government is examining are. Also read: G20 Leaders Issue Declaration on Crypto Assets – A Look ...

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Five of the Most Important Use Cases for Cryptocurrency

Crypto assets have come a long way since Bitcoin. What started out as a P2P payment system has spawned an array of use cases that extend far beyond the original designation of cryptocurrency. While the primary function of crypto assets such as ETH and BTC is a matter of some debate, what’s indisputable is that digital currencies can now be ...

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10,000 American Cryptocurrency Owners Will Receive Warning Letters From the IRS

On July 26, the U.S. Internal Revenue Service (IRS) announced that the tax agency has started sending letters to American cryptocurrency owners advising them to pay their taxes. According to the organization, three types of letters will be sent to more than 10,000 taxpayers by the end of August. The news follows the recent IRS taskforce slide that shows alarming ...

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New NYDFS Division to Oversee Licensing for Cryptocurrency Startups

The Research and Innovation Division will include an in-house team that supervises cryptocurrencies. CryptScout #BitFeed RSS – Bitcoin and Cryptocurrency News 24/7

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