Day: September 18, 2018

US Court Seizes Lambo, Crypto Millions from Dead Dark Web Kingpin

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On Thursday, September 6, the Fresno Division of the U.S. District Court for the Eastern District of California concluded a 14-month-long civil forfeiture case to seize assets and property that belonged to Alexandre Cazes, the Canadian national who committed suicide by hanging in Thai prison last summer – days after being arrested on suspicion of operating the darknet marketplace AlphaBay. Cazes, whose death prevented him from standing trial, is alleged to have facilitated and profited from sales of illegal goods and services to U.S. and overseas customers on AlphaBay until it…

Blockchain Can Help Solve Swathe of Environmental Issues, Says WEF Study

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New research by the World Economic Forum (WEF) has identified over 65 ways blockchain tech can be used to address some of the most urgent environmental challenges facing the planet. The insight study, conducted in partnership with auditing giant PwC and released at the Global Climate Action Summit last week, examines how new international platforms could “incubate responsible blockchain ecosystems,” according to a press release. Such networks could range from decentralizing management of natural resources like energy and water, to creating supply chains that help promote greater sustainability. They could also provide…

Galaxy Capital Leads $16 Million Funding for Crypto Project Caspian

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Institutional traders simply need better crypto tools. That’s the driving idea behind a union between Kenetic, a crypto firm based in Hong Kong, and Tora, a trading systems firm that already supplies order execution, portfolio management, risk assessment and compliance services for well-established asset classes. Announced today, both companies are teaming up to create Caspian, a project that has raised $16 million in funding via a token presale. Investors in the round include Kenetic, Galaxy Investment Partners, Octagon Strategy, Techemy Capital, Global Advisors and Bletchley Park, according to David Wills of Kenetic. Wills called…

Cloudflare Launches Decentralized Web Gateway at Its First ‘Crypto Week’

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Internet security provider Cloudflare is introducing a new product to help users more easily access the InterPlanetary File System (IPFS), the decentralized storage protocol developed by Protocol Labs. In a blog post Monday, Cloudflare announced it was launching a “Crypto Week,” where it will announce “support for a new technology that uses cryptography to make the internet better” every day. The first of these technologies is a portal to more easily access IPFS, as well as build websites on top of the technology. In a second post, the company explains…

Ukrainian Parliament Proposes Taxing Crypto-Related Profits

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The Ukrainian parliament wants to begin taxing residents’ cryptocurrency-related profits. Lawmakers proposed implementing a 5 percent tax on any cryptocurrency-related profits individuals and commercial entities see. These profits must be reported separately from other forms of income as well, according to the bill. Further, commercial entities would see their taxation rate jump to 18 percent beginning on Jan. 1, 2024, should the bill pass. The bill also suggests defining the concept of cryptocurrency within the country’s Taxation Code as “a virtual asset in a form of a token, which functions…

Cryptojacking Scripts Found on Local Indian Government Sites

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Official government websites in India ran crypto mining scripts without their owners’ knowledge, the Economic Times reported Monday. Municipal government websites in the state of Andhra Pradesh, among others, were infected by cryptomining software such as Coinhive, security researchers found. Users visiting these websites would then inadvertently mine cryptocurrencies on behalf of the hackers who injected the scripts in the websites originally. The process is called cryptojacking, as the malicious scripts essentially hijack a user’s computer to mine cryptocurrencies. Security researchers Shakil Ahmed, Anisha Sarma and Indrajeet Bhuyan discovered the…

Bitcoin (BTC) Price Watch: Bearish Wedge Breakout

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Bitcoin Price Key Highlights Bitcoin price recently broke below a rising wedge pattern to signal that further losses are in the cards. Price might still pull back to the broken support area, which lines up with Fib levels, to gather more selling pressure. Technical indicators are showing that there is still some bullish momentum left. Bitcoin price made a downside break from its rising wedge pattern but might be due for a pullback before heading further down. Technical Indicators Signals The 100 SMA is above the longer-term 200 SMA to…

The Ukrainian parliament now wants crypto profits taxed

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The Ukrainian parliament has proposed a bill that will see crypto profits taxed. Authorities in the country estimate that the residents own about $3.5 billion in crypto coins (98.7 billion in national currency). And they believe taxing cryptos can add up to $45 million annually between 2019 and 2024. The lawmakers are proposing a 5 percent tax on crypto profits that individuals and business entities realize from trading their crypto coins. According to the bill, these profits should be reported separately from other forms of income. The bill goes on…

Top 6 Benefits Of Investing In An ICO This Year

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2018 has by far been the most successful year for ICOs (Initial Coin Offerings) in terms of popularity, user interest and funds raised. According to a report by icodata.io, about 1079 ICOs have managed to raise around $6,950,333,983 in funds by August 2018. This is quite a large sum and much more than the funds raised by ICOs in the earlier years. This data shows that there are still benefits when people investing in ico. This is one reason why 2018 is so far the best year for investing in…

ETH Reservation Demand Is Low

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This time last week, it was all about doom and gloom for Ethereum after a high-volume candlestick drove prices below $200 for the first time this year. Needless to say, ETH prices have since recovered. Though we need to see movements above $300, it’s safe to say that aggressive traders can ramp on longs on every dip in lower time frame with the only deterrence being Sep 5 bear candlestick. This bar continues to overshadow and would likely damp buyers’ efforts in days to come. Latest Ethereum News Trading at…