Tag Archives: Cryptos

Venezuelans Fighting Economic Hardship Discover Crypto’s True Potential

For quite some time now, Venezuela has been suffering from a political crisis and a collapsing economy. Venezuelans dealing with rampant inflation continue to see their purchasing power decline. After witnessing one of the worst economic disasters in modern history, 4 million citizens have emigrated to seek a better form of money, shelter, and to gather food and medicine. Throughout ...

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Anti-Corruption Group Proves Crypto’s True Power: You Can’t Confiscate Math

Last week in Russia, state agents tore apart the offices of FBK, a privately funded anti-corruption foundation, freezing group assets and more than 100 bank accounts. Officials are using suspicion of money laundering as justification for targeting the largely bitcoin-funded group, possibly in a bid to quell their hand in upsetting Moscow politics. This case and others, like raising donations ...

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PR: Evercoin Announces $1M Pre-Seed Financing With gumi Cryptos and Prominent Blockchain and Open Source Pioneers

Investors include Founder/Executive Chairman of Bitcoin.com (Roger Ver), Founder/CEO’s MuleSoft, and JBoss. San Francisco, CA – Evercoin announced today $ 1M in pre-seed stage financing from gumi Cryptos and prominent Blockchain and Open Source pioneers. Investors in this round include: Gumi Cryptos Capital Roger Ver — Founder, Executive Chairman of Bitcoin.com Ross Mason — Founder of MuleSoft (sold to Salesforce.com) ...

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Tax Expert: IRS Letters Confirm That Trading Cryptos Is a Taxable Event

The U.S. Internal Revenue Service (IRS) announced on July 26 that 10,000 American cryptocurrency users will receive a letter reminding them to pay taxes or amend any mistakes on past filings. At the time, IRS Commissioner Charles Rettig said U.S. taxpayers should take the warning letters “very seriously.” Sean Ryan, CTO of Node40, a platform that helps people calculate digital ...

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When Cash Is Banned, Centralized Cryptos Are Not Going to Save You

Australia is now moving forward with its proposed legislation to ban cash purchases over 10,000 AUD ($ 6,900) for business purposes. According to the treasury website: “The Black Economy Taskforce recommended this action to tackle tax evasion and other criminal activities.” While many Aussies are celebrating Bitcoin’s exclusion from this clause, others find the move away from hard cash somewhat ...

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Bitpoint Hacked for $32 Million, Another Example of Crypto’s Volatility

A Tokyo-based cryptocurrency exchange called Bitpoint has suspended operations after it lost $ 32 million to a hacking last night. The company that runs the exchange, Remixpoint, discovered that ¥3.5 billion worth of various digital currencies had disappeared under its management. Bitpoint Hacked and Suspends Operations According to the exchange, the funds went missing from a hot wallet (a wallet ...

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Binance Report Bitcoin Decorrelated with Other Cryptos in Q2 2019

n Bitcoins correlation with other cryptos dropped in Q2 2019, possibly due to the earlier bull run, a new Binance report saysn CryptScout #BitFeed RSS – Bitcoin and Cryptocurrency News 24/7

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Bitcoin Below $11,400 as Top Cryptos Trade Sideways

n Major cryptocurrencies are trading sideways on the day while bitcoin dips below $ 11,400n CryptScout #BitFeed RSS – Bitcoin and Cryptocurrency News 24/7

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