The crypto businessman sings praises for “uncensorable money.” In an exclusive interview with Cointelegraph, Blockstream CEO Adam Back stated that for him, nothing is above Bitcoin, not even stablecoins or other coins issued by central banks. Adam Back invented the hashcash proof of work system, and was one of the first people to work with…
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Author of peer-to-peer BitTorrent protocol Bram Cohen says ASIC-resistant proof-of-work is both “a pipe dream and a bad idea.” Bran Cohen, best known as author of the peer-to-peer (P2P) BitTorrent protocol, has responded to some of Vitalik Buterin’s opinions about the state of technology around cryptocurrencies. On Nov. 25, Cohen, also the current CEO of…
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The Excise Department in Thailand plans to change its current tax refund practice by introducing a blockchain-based tax payback system for oil exporters. The Excise Department in Thailand is poised to introduce a new way of refunding overpaid taxes to oil exporters by using blockchain technology. On Nov. 25, director-general Patchara Anuntasilpa told the Bangkok…
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Cryptocurrency firm Ripple invests additional $20 million in MoneyGram, completing its original commitment of $50 million. Major money transmission network MoneyGram has announced that blockchain-based payments firm Ripple has completed its original commitment with a final $20 million investment. In a Nov. 25 press release, MoneyGram announced that Ripple Labs Inc. has made a final…
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Missouri-based software maker CryptoTrader.Tax has launched a new product facilitating cryptocurrency tax reporting. Missouri-based software maker CryptoTrader.Tax has launched a new product facilitating cryptocurrency tax reporting. As the 2019 tax year comes to an end, the software is designed to help firms, certified public accountants and professionals counsel their clients about reporting their taxes from…
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Source: iStock/da-kuk The cryptocurrency market sentiment has tumbled down compared with the previous week, as the combined average 7-day market sentiment measure for the top 10 coins by market capitalization has declined for the third week in a row, from 5.17/10 last Monday, to 4.39 today, according to Omenics, a cryptocurrency market sentiment analysis service.…
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Martin D. Weiss, the founder of Weiss Ratings; Juan Villaverde leads the Weiss Ratings team that created Weiss cryptocurrency ratings. _____ If you visit crypto websites or ask casual observers, you might come away thinking there are thousands of “cryptocurrencies” in the world. Big mistake! Yes, they’re all digital assets. And yes, they look similar…
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Crypto exchanges handle the greatest part of cryptocurrency trades carried out every single day. But how did their security measures change over the years? Bitcoin was designed as a peer-to-peer cryptocurrency, but as the network expanded, there was no way to avoid the growing influence of centralized crypto exchanges. Soon after Bitcoin’s launch, more people…
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CX Technologies, the firm behind a supposedly Estonia-based cryptocurrency exchange DX.Exchange, is ceasing operations following a petition filed by its employees. The firm behind a purportedly Estonia-based cryptocurrency exchange DX.Exchange is ceasing operations following a petition filed by employees. CX Technologies, the Israeli company operating DX.Exchange, entered bankruptcy after 78 of its employees filed a…
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Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Regulation news Russian tax authorities have recognized a capital filing that included a Bitcoin (BTC) investment – the country’s first ever. Per media outlet Bloomchain, the investment was relatively Read more…
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