Month: August 2019

Bitcoin Price Targets 3-Week Losing Streak in $14 Billion Overnight Wipeout – CCN Markets

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Bitcoin price fell sharply on Thursday’s trading to land around the $9,500 level. | Source: Shutterstock By CCN Markets: The bitcoin price crumbled overnight, breaching the psychological barrier of $10k and dropping as low as $9,334 on Coinbase. The fall marked a nine percent collapse in a matter of hours, wiping out a total of $14 billion in BTC market capitalization.  The collapse is primarily a technical move coupled with low trading interest on the CME bitcoin futures platform. On the long-term, however, bitcoin is building a strong, consolidated base,…

Bitcoin Trading and Payments Are Tax-Free

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Portugal’s Tax Authority has clarified that both cryptocurrency trading and payments in crypto will not be taxed in the country, Cointelegraph en Español reported on Aug. 27. According to a report published on Aug. 26 by Portuguese business newspaper Jornal de Negócios, the Portuguese Tax and Customs Authority have confirmed that crypto transactions or payments are exempt from Value Added Tax (VAT). The agency reportedly provided the clarification to a local crypto mining company, publishing an official ruling document. In the document, the authority states that the exchange of crypto for…

“Patria Remesa”: Venezuela’s New Remittance Cryptocurrency Platform

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The Venezuelan government just announced a new state-run cryptocurrency remittance platform called Patria Remesa, according to an official press release. The platform allows the people of Venezuela who are working abroad to send money back to the country. The National Superintendent of Cryptoactives, Joselit Ramírez, announced in a radio program broadcast by Radio Nacional de Venezuela (RNV) that the crypto remittance platform is fully operational now. He further ensured the safety of the funds, saying that sending remittances through the government’s oil-backed crypto is safer and inexpensive compared to all…

Andreas Antonopoulos Announces New ‘Mastering Lightning Network’ Book

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Andreas Antonopoulos announced his new “Mastering Lightning Network” book, co-authored by René Pickhardt and Lightning Labs CTO, Olaoluwa Osuntokun. Antonopoulos, Osuntokun and Pickhardt announced their new book, “Mastering Lightning Network,” in a YouTube video published on Aug. 28. In the video, Antonopoulos noted that the three will start writing in September and that they expect to need about a year to release it. He also noted: “We’re inviting everyone in the community to help us with contributions.” On a quest for Lightning Network education Pickhardt explained that what motivated him to…

Brad Garlinghouse Explains the Massive XRP Sales

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Photo: Christopher Michel / Flickr The XRP crypto has encountered a lot of bearish volatility lately. The token closely linked to the Ripple FinTech Company has made many analysts think that its bearish trend has resulted from Ripple selling a large number of tokens onto the markets every quarter. The third biggest crypto, XRP, registered some activity recently but that never affected its price considerably. The XRP whales continued to remain quite active in the digital assets markets. All that happened despite the constant sideways price movement of Ripple’s native…

Bitcoin Dev Reveals Multisig UI Teaser for Hardware Wallets, Full Nodes

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The organizer of a Bitcoin (BTC) programming boot camp has published a multisignature (multisig) user interface (UI) proof-of-concept for both hardware wallets and full nodes. Justin Moon published a quick guide to using the prototype UI on Twitter on Aug. 28, together with the full software code on GitHub.  Lowering entry barriers for Bitcoin Wallets that are protected by multisig technology require more than one private key to access the wallet and are thus thought to be much less vulnerable to security breaches, given that no single party possesses all…

Bitcoin Price Falls Under $9.5K as Keiser Gives Ethereum $90 Target

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Bitcoin (BTC) price fell below $9,500 on Aug. 29 as the largest cryptocurrency’s sudden bearish move continued to bite.  Market visualization. Source: Coin360 Bitcoin price must finish week above $9,533 Data from Coin360 painted a gloomy picture for day traders Thursday, BTC/USD having lost 8% in the past 24 hours.  The turbulence began late on Wednesday, Bitcoin markets shedding $500 in minutes to completely lose support at $10,000. Selling pressure then mounted, BTC/USD putting in a local low of $9,350 before stabilizing closer to $9,500. Bitcoin 7-day price chart. Source:…

Hyper Speed​Network (HSN) Launches Protector Master Node Program To Build a 5G-Blockchain Ecosystem

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On August 25, 2019, Hyper SpeedNetwork (HSN) will launch its Protector Master Node (PMN) recruitment plan, aiming to allow community users to participate in the project development as well as openly co-manage the project, jointly promote the ecological construction and share the refund. HSN claims to be the world’s first 5G digital public chain. advertisement An ecological network with 5G-architecture, the company is headquartered in Singapore with branches in China, the Netherlands and Germany and it aims to use blockchain technology to achieve complex application scenarios to support the 5G industry…

Alleged Capital One Hacker Accused of Secretly Mining Cryptocurrency

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The individual accused of perpetrating a massive-scale hack of credit card issuer Capital One also allegedly hacked cloud customers’ servers to mine cryptocurrency for herself.  Court filings published on Aug. 28 reveal that Paige A. Thompson has been indicted on charges of both perpetrating the Capital One breach and of hacking into the servers of her employer’s cloud services customers for the purposes of cryptojacking. “Cryptojacking” is an industry term for stealth crypto mining attacks which work by installing malware or otherwise gaining access to a computer’s processing power to…

PR: Bitcoin.com Partners with Resistance – the Next Gen DEX

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August 29th, 2019 – Last week, the Resistance team met with Bitcoin.com CEO Stefan Rust, and other members of the Bitcoin.com organization, to discuss the terms of a partnership. The meeting was a great success and a strategic partnership agreement was drawn up and signed the same day. The exact details of the agreement are yet to be announced, but this important development will help to make the Resistance decentralized exchange and privacy coin accessible to the masses through Bitcoin.com’s significant presence in the blockchain space. “Joining forces with a…