Daily Archives: May 21, 2019

Tether Partly Backed by Bitcoin, Court Transcription Reveals

n nn nn Tether, a stablecoin tied to the dollar that is meant to mediate the volatility of other cryptocurrencies, is partly backed by bitcoin.As detailed in court documents obtained by The Block, Tether admitted to using some of the cash reserves meant to back its stablecoin to purchase bitcoin, among other assets.This revelation is the latest in legal proceedings ...

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Firefox Quantum Offers Anti-Cryptojacking Feature

Firefox Quantum has an opt-in cryptojacking protection feature Cointelegraph.com News

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War Stories: Lucas Pope and what almost sank Return of the Obra Dinn

Video shot and edited by Justin Wolfson. Click here for transcript. Lucas Pope is an important name in modern gaming—not only did he help bring us Uncharted and Uncharted 2, but he’s also responsible for the indie smash hit Papers, Please, which managed to pack a surprising amount of storytelling and emotion into what is effectively a document stamping simulator. ...

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IRS Commissioner Makes Crypto Tax Clarity a Priority

n nn nn The U.S. Internal Revenue Service IRS is planning to overhaul its methods for determining the federal taxes due on cryptocurrency payments to improve clarity for taxpayers.The decision stems from the recent attempt by Minnesota Representative Tom Emmer to pass legislation reforming the way that hard forks and the resultant forkcoins are viewed by tax agencies. Joined by ...

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BlockFi Crypto Management Firm Adjusts Interest Rates

BlockFi asset management has adjusted interest rates for accounts holding bitcoin and ether Cointelegraph.com News

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Elipay Celebrates the First of 100s of Crypto-Accepting Merchants in Croatia

On May 20, Eligma showed off its Elipay service, a crypto payment processing system that allows people to pay for products and services with cryptocurrencies at over 300 retailers in the region. The grand opening of Elipay’s Croatian launch started with the first transaction made by Bitcoin.com’s CEO, Roger Ver, at the five-star Navis Design Hotel. Also read: Developer Creates ...

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Dutch Man Arrested for $111 Million Fake Mining Scheme

n nn nn On March 21, 2019, Dutch news outlet NL Times reported that Berry van M., a 33-year-old Dutch businessman and the operator of now-defunct trading platform Koinz Trading, has been arrested on charges of deceiving investors with a bogus bitcoin mining scheme.The report claims that van M. was the director of companies that sold computers for mining Bitcoin ...

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SEC Shuts Down Ponzi Scheme Which Duped 300 Into ‘Diamond-Backed’ Cryptocurrency

The U.S. SEC has brought legal action to operators of several scam companies targeting crypto investors Cointelegraph.com News

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