Ethereum Classic 51% Attackers Allegedly Returned $100,000 to Crypto Exchange

The Ethereum Classic 51 percent attacker has reportedly returned $100,000 to cryptocurrency exchange Gate.io, a post on the official exchange’s blog reports on Jan. 12. The company further noted that they tried contacting the attacker but didn’t get any reply until now, and that they do not know the reason why the funds have been…

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St. Louis Federal Reserve Report: Increased Supply of Altcoins Will Decrease BTC’s Value

The creation of competing altcoins is likely to place downward pressure on the prices of all cryptocurrencies, including Bitcoin (BTC). This conclusion was found by research conducted by the Federal Reserve Bank of St. Louis and published on Jan. 11. The report cites two perspectives: Bitcoin bulls’ belief that the capped supply and increased demand…

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Have You Tried These Winning Tactics In Cryptocurrencies Trading?

Cryptocurrency trading is a rewarding venture to those who are patient enough to learn and discipline enough to manage funds. Trading requires consistency in strategizing and planning how to invest your money. Here we shall review five winning tactics in cryptocurrency trading. Before we jump right to the meat and bones of this article lets…

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Bitcoin Dips Below $3,700 as All Top Cryptos See Severe Losses

Thursday, Jan. 10 — all of the top 20 cryptocurrencies are seeing severe losses in the 24 hours to press time. Bitcoin’s (BTC) price has dipped below the $3,700 mark, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is down over 9 percent on the day, trading at around $3,661. Looking at…

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Bibox token will be amongst the break-through cryptocurrencies of the future

The winter of 2018 is exceptionally cold with the total market cap of global digital assets falling to 112.1 billion dollars. Compared to the 760 billion dollars market cap in early 2018, 85% of its value has been wiped out, along with massive fluctuations in tokens’ price. Among all, Bitcoin [BTC]’s price bottomed out at…

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Venezuela Decrees Crypto Operators Must Pay Taxes in Cryptocurrencies

The Venezuelan government has published a decree requiring taxpayers with crypto operations in the country to pay their taxes in cryptocurrencies. Similarly, operators of foreign currencies must pay their taxes in those currencies. The decree states that the change is necessary for the “strengthening of the current fiscal regime.” Paying Taxes in Cryptocurrencies The Venezuelan government…

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Payment Network RippleNet Exceeds 200 Customers, Garlinghouse Highlights Fiat Volatility

Crypto and blockchain company Ripple has reported today, Jan. 8, that 13 new financial institutions have signed up for the RippleNet payment network, bringing the total number of customers over 200. The new institutions range from locations including Sweden, England and Kuwait, with 40 countries in total across all customers. Ripple’s blog post notes that…

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Texas Updates Regulatory Guidance Regarding Activities Involving Cryptocurrency

The Texas Department of Banking has published new guidance regarding the regulatory treatment of virtual currencies under the Texas Money Services Act. The document states that most transactions involving cryptocurrencies will not be considered a transfer of “monetary value” but the exchange of virtual currencies for fiat will likely be recognized as a “money transmission.”…

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Tron’s Justin Sun Sees TRX Breaking into the top 4 Cryptocurrencies in 2019 and Surpassing the Ethereum Ecosystem

Justin Sun, the founder of Tron token (TRX) and the CEO of Tron Foundation which is also the parent organization of the World’s Largest File Sharing Protocol, BitTorrent is an achiever and not just a young man of vision going by Tron’s performance in the year 2018. However, Justin is at it again by releasing…

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Fred Wilson: Crypto No Safe Haven in 2019, Investors More Wary of Startup Sector

Venture capital investor Fred Wilson suggested that cryptocurrency will not be a safe haven in 2019 amid a “weakening” economy, according to a blog post published Jan. 1. Wilson is an American venture capitalist and businessman, who has reportedly backed such companies as Twitter, Tumblr, Zynga, and Etsy. He is also a cofounder of New…

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India: Media Reports Central Bank Has Postponed ‘Crypto-Rupee’ Plans

The Reserve Bank of India (RBI) is pausing its plans to release a digital currency, Indian business news outlet the Hindu Business Line reported on Jan. 1. India’s central bank had originally announced its intentions to consider a central bank digital currency (CBDC) in April of this year, at the time noting the establishment of…

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Nearly 40% of Chinese Willing to Invest in Cryptocurrencies, Finds New Survey

Nearly 40% of Chinese are willing to invest in cryptocurrencies in the near future, according to findings from a new survey conducted by PANews. The study, which asked close to 5,000 Chinese people about their familiarly and interest in cryptocurrency, found that 98.22% have heard of at least one concept related to cryptocurrency or blockchain….

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Government of Abkhazia Cuts Off Power to 15 Cryptocurrency Mining Facilities

The government of the Republic of Abkhazia has cut power to some cryptocurrency mining farms due to electricity concerns, state electric utility Chernomorenergo RUE announced in a Facebook post on Dec. 31. Per the announcement, Chernomorenergo cut power to 15 facilities with a total capacity of 8,950 kilowatt-hours (kWh), which is purportedly equivalent to the…

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Embracing Utility in 2019: Unreliable Crypto Networks Will Lose to Hyperbitcoinization

Cryptocurrencies started gaining significant mainstream attention in 2017 and speculation brought coin values to unseen levels, before quickly deflating. Now, after a decade, it seems this technology is entering a new era that can actually move past speculation to embrace real-world utility. The only way this feat will be accomplished, however, is by offering a…

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Two Mining Companies Among Georgia’s Major Electricity Consumers

Two companies mining cryptocurrencies have topped a list of the largest consumers of electricity in Georgia. In this crypto-friendly nation, however, that’s not necessarily a sin or a disadvantage. Energy-intensive enterprises in the Caucasian country purchase the power they need at wholesale prices. Also read: Huobi and Major Russian Bank to Provide Legal Help to…

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South Korea Ends Year With 6 Bills to Regulate Cryptocurrency Industry

South Korea’s top financial regulator has exclusively shared with news.Bitcoin.com information about six cryptocurrency-related bills that have been submitted to the National Assembly. The most recent bill seeks to protect the rights of crypto owners and to ensure the safety and reliability of crypto transactions. Six Crypto-Related Bills South Korea’s top financial regulator, the Financial…

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1 in 7 Chinese Have Invested in Cryptocurrency

A survey conducted by Panews has found that 14% of Chinese citizens have invested in cryptocurrencies. The survey also found that 98% of respondents indicated familiarity with the concepts of cryptocurrency and bitcoin – 3% more than those who stated that they had heard of blockchain technology. Also Read: Skeptical Payoneer CEO Dismisses Idea of Single…

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These Developers Claim They Can Crack Any Hardware Wallet

On Dec. 27 at the 35th Annual Chaos Communication Congress (35C3) event, three individuals from a startup called Wallet Fail allegedly hacked the most popular hardware wallets and revealed their secrets on stage. According to Trezor, however, the hackers at 35C3 did not follow the standard responsible disclosure protocol and Ledger Wallet developers claim the…

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Crypto Exchange Bibox Acquires Decentralized Exchange DEx.top

Chinese crypto exchange Bibox has acquired decentralized exchange DEx.top for an undisclosed sum. Bibox, which is ranked among the top 15 crypto exchanges, allow users in ten countries, including the US, Switzerland, Singapore, Canada, China, Hong Kong, Japan, and South Korea, to trade bitcoin, Bitcoin Cash, ethereum and other cryptocurrencies. As of August 2018, the…

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Japan’s Financial Services Agency Renames Cryptocurrencies To Prevent Confusion With Legal Tender

Japan’s Financial Services Agency (FSA) has decided to place the names of bitcoin and other cryptocurrencies into a category called “crypto-assets.” On December 14, an FSA advisory panel compiled a report, pointing out that the term “virtual currency” could cause misunderstanding, and requested a change of the term. The FSA will reportedly revise relevant laws…

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