Day: August 16, 2019

Ethereum Coders Approve 6 Changes for Upcoming Istanbul Hard Fork

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Ethereum core developers finalized late Thursday a list of six different code changes to be activated for ethereum’s next system-wide upgrade, Istanbul. As agreed in prior meetings, Istanbul will be executed in two parts. The first, which will feature all six code changes, or ethereum improvement proposals (EIPs), is tentatively expected to execute on ethereum mainnet this October. The second, which is scheduled for mainnet activation sometime in the first quarter of next year, will feature EIPs requiring further testing and deliberation from core developers. Those include a proposed mining algorithm…

Crypto Market Sends Mixed Signals as Ether and Bitcoin Price See Green

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Friday, Aug. 16 — Bitcoin (BTC) and Ether (ETH) are seeing some upward movement as XRP continues to slump. Market visualization. Source: Coin360 Bitcoin is trading at $10,480 at press time, representing a 4.58% price increase on the day. Bitcoin is seeing some momentum for an upward climb, peaking at $10,500 so far and continuing to stay away from the four-figure mark it fell to yesterday. Still, BTC needs to climb by about 15% to retake the $12,000 barrier, which it surpassed multiple times earlier this month. Earlier today, anticipated…

IRS Crypto Reporting Letter: A Wake-Up Call No Matter Who Gets One

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More than 10,000 taxpayers with crypto transactions will receive letters from the IRS by the end of August. The IRS has begun sending letters to people with digital currency transactions who may have failed to report income and pay taxes, or who did not report their transactions properly. By the end of August, more than 10,000 taxpayers will receive the letters, targets the IRS says it obtained through various ongoing IRS-compliance efforts. According to the head of the IRS, Commissioner Chuck Rettig: “Taxpayers should take these letters very seriously by reviewing their…

Win a Lamborghini With Leading Bitcoin Faucet FreeBitco.in’s Golden Ticket Contest

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Noone can deny the fact that the legendary Lamborghini, as a world widely known car brand, stands for prestige and guarantees high visual status for its drivers. In the recent years of cryptocyrrency revolution, the luxury brand of Lamborghini has become the emblem of success for many crypto enthusiasts, who managed to earn millions of dollars on this young, but rapidly growing field. With an exclusive opportunity granted by a long-standing bitcoin faucet site FreeBitco.in, any crypto user, even the one who has just started his way to success, can…

19-Year-Old Sentenced to 20 Months for Selling Stolen Data for BTC

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Elliot Gunton, aged 19 and of Mounteney Close in Norwich, pleaded guilty to supplying online personal data and hacking services for cryptocurrency. A hacker for hire A press release published on Aug. 16 by the Norfolk police reports that the man was sentenced to 20 months in prison and ordered to pay back more than £400,000 (over $485,000) by the Norwich Crown court. Per the report, the police seized his laptop in April last year after finding the software which allowed him to commit cybercrimes. The discovery was reportedly made…

This Ripple Chart Screams Buy

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The Ripple price is a screaming buy, according to market analyst Naeem Aslam. But should investors tread with caution when it comes to XRP? | Source: Shutterstock By CCN Markets: Since late June when the Ripple (XRP) price reached its 2019 high near $0.50, the cryptocurrency has plummeted nearly 50 percent. Currently, XRP is trading at $0.26, and at least one analyst believes it’s primed for a major recovery. The Ripple price has been rocked by the recent crypto market pullback. | Source: TradingView According to the chief market analyst…

Digix and MakerDAO Tokens Now Loadable Onto Monolith Visa Debit Card

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London-based banking alternative Monolith announced its partnership with decentralized finance companies Digix and MakerDAO, Aug. 15. As part of its drive for digital payment adoption in e-commerce, DGX, DGD and DAI tokens will now be loadable onto the Monolith Visa debit card. A critical bridge between the worlds of decentralized finance and retail Effective immediately, users who sign up for a Monolith Visa debit card will be able to load it up with MakerDAO and Digix’s digital currencies through the Monolith mobile app. The currencies can then be used for…

Bitcoin Price Surges 10% in 48 Hours as Bakkt Countdown Begins

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The bitcoin price spiked after regulated futures platform Bakkt announced it had received approval to launch in September. | Source: Shutterstock By CCN Markets: Bakkt, a bitcoin futures trading platform operated by ICE, the parent company of the New York Stock Exchange (NYSE), finally received approval from the Commodities and Futures Trading Commission (CFTC) to initiate its long-awaited launch. “Our contracts have already received the green light from the CFTC through the self-certification process and user acceptance testing has begun. With approval by the New York State Department of Financial…

What Are the Biggest Alleged Crypto Heists and How Much Was Stolen?

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As the appeal of cryptocurrency has grown, so has the opportunity for scammers to part naive investors from their money. 2019 has been no exception, with cryptocurrency and blockchain forensics company Ciphertrace dubbing it “the year of the exit scam.”  Exit scams are not a new phenomenon, with a 2018 report conducted by Statis Group revealing over 80% of initial coin offerings (ICOs) in that year to have been fraudulent. Here, Cointelegraph explains exit scams and how to spot them, as well as a look at some of the biggest…

Bakkt Announces Sept. 23 Launch of Futures and Custody Platform in US

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Bakkt has announced the coming launch of its much-anticipated platform for daily and monthly futures in the United States in a blog post on Aug. 16. Having received approval from the necessary regulators, the launch is scheduled for Sept. 23.   Bakkt’s physically delivered futures have been the subject of a great deal of anticipation, with the company initially announcing its launch August 2018 before being subject to repeated delays over compliance issues. Satisfying the Commodity Futures Trading Commission (CFTC) has proven particularly challenging. The company began testing in earnest on…