Day: September 16, 2019

Canada Revenue Agency Audits QuadrigaCX’s Corporate Tax Returns

boss

The Canada Revenue Agency (CRA), the country’s tax authority, is auditing the corporate tax returns filed by QuadrigaCX, the now-defunct Canadian cryptocurrency exchange.  CRA’s request for documents and information is significant According to an article by the Globe and Mail on Sept. 16, QuadrigaCX is now being audited by the CRA which has requested the tax returns from Oct. 1, 2015, to Sept. 30, 2018. The Canadian exchange has been generating headlines ever since its CEO, Gerald Cotten, was declared dead in India without ever revealing the passwords to access…

Harbor Tokenizes $100 Million in Real Estate Funds on Ethereum Blockchain

boss

The startup Harbor announced a partnership with Seattle-based real estate investment firm iCap Equity to tokenize $100 million in real estate funds. On Sept. 16, Harbor announced in a blog post that iCap Equity is using Harbor’s blockchain-enabled platform to improve its liquidity in four of its real estate funds which manages over $100 million in assets. Harbor created the tokens on the Ethereum blockchain, which represent portions of the funds. The partnership between the two companies will allow iCap Equity’s investors and placement agents to buy and sell iCap…

BIS Economist Proposes DLT-Based Financial Market Monitoring

boss

An economist of the Bank for International Settlements (BIS) has proposed new ways of supervising financial risks through distributed ledger technology (DLT). In a recently released working paper, economist Raphael Auer made the case for so-called embedded supervision, which would automatically monitor tokenized markets. This would purportedly eliminate the need for the collection, verification and delivery of companies’ related data. New forms of transparency and data credibility Per the report, DLT and smart contracts can facilitate the development of financial markets through new forms of transparency and data credibility, and…

HTC Partners with Bitcoin.com, Bringing Bitcoin Cash (BCH) to the Exodus 1

boss

Mobile phone giant HTC has announced a partnership with Roger Ver led Bitcoin.com in order to create the capacity to store and transact with Bitcoin Cash (BCH) without an application. The integrated BCH wallet will help HTC create a simple interface for crypto transactions and Bitcoin.com for a higher number of users, as reported by Venture Beat, September 16, 2019. Controversial Move, But Faster Transactions A lot of people are going to be extremely unhappy that HTC has chosen to work with Bitcoin.com. A lot of Bitcoin advocates see Bitcoin.com as a…

New Linux Malware Mines Crypto While Remaining Undetectable

boss

Two threat analysts recently stumbled upon new Linux malware that keeps its cryptocurrency mining operations hidden. On Sept. 16, Augusto Remillano II and Jakub Urbanec revealed in a post on Trend Micro, a security intelligence blog, that they found new Linux malware. According to the analysts, this malware is particularly notable because of the way it loads malicious kernel modules to hide its cryptocurrency mining operations. Malware provides hackers full access to infected machine The analysts revealed that Skidmap masks its cryptocurrency mining by utilizing a rootkit, which is a…

HTC Smartphone Adds Built-in Wallet for Bitcoin Cash

boss

Bitcoin.com announced a partnership with Taiwanese telecommunications manufacturer HTC to support Bitcoin Cash (BCH) on its flagship smartphones. In a press release on Sept. 16, Bitcoin.com announced that it and HTC would begin a long-term partnership wherein the HTC Exodus 1 will provide built-in wallet support for Bitcoin Cash. Bitcoin.com states that the phone supports BCH without having to download a BCH wallet from an app store. Current users will need to perform an update of their software to receive a Bitcoin.com wallet. Are blockchain and crypto a comeback for…

International Central Banks to Question Libra Over Security Concerns

boss

Libra, the planned cryptocurrency led by Facebook, is to be questioned by officials from 26 central banks in Switzerland today. Representatives from the heavily scrutinized project will face a grilling by officials from central banks, including the US Federal Reserve and the Bank of England, over the cryptocurrency’s “scope and design.” Since being announced in June, Libra has come in for significant perusal from government officials and regulators around the world due to concerns regarding the security of the Facebook-led coin. Libra to Be Blocked in Europe? Today’s meeting of the…

Bug on Kraken Let Users Buy Bitcoin $2K Cheaper and Sell $2K Higher

boss

Some Kraken clients were buying Bitcoin (BTC) for $2,000 cheaper than the market price and selling it for nearly $12,000 on Sept. 13. On Friday, United States-based crypto exchange Kraken experienced a bug that allowed some users to buy or sell Bitcoin at a notably different price from Bitcoin’s actual market price due to a reported system bug.  On Sept. 14, Kraken posted a Twitter thread explaining that the bug resulted from testing an unreleased advanced order type. While Bitcoin was trying to hold $10,300 mark on the day of…

Deutsche Bank Joins JPMorgan’s Interbank Information Network Platform

boss

Germany’s largest bank, Deutsche Bank, has joined 320 other banks in the JPMorgan blockchain network, the Interbank Information Network (IIN). The move aims to lower cost for Deutsche Bank, which handles a vaster amount of euro payments relative to any other bank globally. This will also enhance cross-border transactions and thus avoid the costly lag periods. IIN Platform to Enhance Cross-Border Transactions According to the bank’s head of cash management globally, Ole Matthiessen, the Interbank Information Network will allow the bank to provide customers with enhanced services. He added that…

Price Analysis 16/09: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XMR, ADA

boss

The impending launch of Bakkt could likely determine the price of Bitcoin for the next few weeks. Many central banks across the world are racing against each other to devalue their currencies. Crypto fund executive Travis Kling believes that Bitcoin (BTC) is a great hedge against irresponsible monetary and fiscal policies of central banks and governments. Tim Draper has said that his target price of $250,000 for Bitcoin is conservative because at that price, the leading cryptocurrency will have only about 5% market share of the currency world, which may…