Day: April 11, 2020

Talking Digital Future: Blockchain Technology

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I have a feeling that a lot of businesses still don’t understand why they need blockchain, while others may believe they need it just because they think it’s another fashionable tech trend or something. I’ve been involved in technology for 30 years, and it is always interesting to me how people respond to the introduction or invention of new tech. There is always an ecosystem of people in the sector championing a particular type of technology as well as business users ever-seeking solutions to their problems or creating new opportunities…

The Tax Man Cometh — Who Will Pay for the COVID-19 Stimulus?

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Could this be the year the world gets serious about cryptocurrency taxation? The coronavirus pandemic, after all, could cost the global economy as much as $4.1 trillion — or almost 5% of global gross domestic product — according to the Asian Development Bank. Governments will soon be looking to tap all possible income sources to balance their budgets, including crypto, say tax experts. “At some point, somebody is going to have to pick up the bill” for the COVID-19 pandemic and its associated economic stimulus packages, Peter Brewin, a PwC…

New Details of Reddit’s Unconfirmed ERC-20-Based Points System Emerge

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More details appear to have leaked regarding Reddit’s rumored Ethereum (ETH)-based “Community Points” system. A video posted to the platform purports to show a draft of FAQ copy explaining how the system will work. If authentic, the video appears to confirm that Reddit is preparing to launch a reputational currency on Ethereum. Video claims to confirm Reddit’s ERC-20 based ‘Points’ system Community Points are described as “a new tool that represents ownership of a subreddit.” Users can earn the points by “making contributions to the subreddit, such as posting and…

Academic Research Into Crypto Picks Up, But Universities Remain Hesitant to Fund

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Despite recent advances in academic research into the blockchain for everything from central bank digital currencies to pacemakers, universities and governments lag in their willingness to fund basic research in the sector. While researchers are getting creative when presenting their work to traditional institutions, the situation is holding up research. Output under current restrictions Recent pre-print research on Bitcoin’s Lightning Network drew wide attention in the crypto sphere, largely thanks to its underlying allegation that the network is a way of centralizing the network. As attractive as such a controversial…

Bitcoin Price Drops to Key Level as 100% Rally Since Crash Looks Shaky

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All markets have been showing a strong surge in the past weeks, including Bitcoin (BTC) and cryptocurrencies. The price of Bitcoin has seen a 100% surge in a matter of three weeks since the crash. However, is such a rally sustainable in the current economic environment? And what is needed for a further continuation upwards in the cryptocurrency markets? Crypto market daily performance. Source: Coin360 The price of Bitcoin loses 3-week old trendline The price of Bitcoin has been seeing a significant rally since the massive crash on March 12,…