Double-spending an average Bitcoin (BTC) transaction is not profitable and, though exchanges and merchants often require it, sending some sats may not in fact need six confirmations – according to calculations by two mathematicians. For an average transaction, only one or two confirmations (in theory, it would take c. 20 minutes) are needed to be…
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Eight U.S. Congressmembers appealed to the IRS, urging the agency to provide additional clarity concerning crypto tax laws. Eight members of the United States (U.S.) Congress sent a letter to the Internal Revenue Service (IRS) urging the agency to provide additional clarity on cryptocurrency tax laws. A letter dated Dec. 20, signed by eight U.S.…
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Bitcoin and a few altcoins appear to be strengthening and flashing some strong buying opportunities. Though most major cryptocurrencies have broken below their support levels during the most recent fall, Bitcoin, which is inarguably the leader, has held its ground. This is a positive sign as it shows that the stronger hands are not panicking.…
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Alleged $4 billion BTC launderer Alexander Vinnik to be extradited to France despite Russia’s multiple efforts to bring him to the country of his citizenship. Alexander Vinnik, the alleged former operator of now-defunct crypto exchange BTC-e, will be extradited to France, according to a new decision from Greece. Following years of disagreement on what jurisdiction…
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Japan’s biggest credit card issuer JCB partnered with California-based commercial payments platform Paystand for a new B2B product. Japan’s top credit card issuer JCB plans to adopt a new business-to-business (B2B) payment solution based on blockchain technology. JCB has signed a Memorandum of Understanding (MoU) with blockchain-based commercial payments platform Paystand to develop a digital…
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In the crypto world, t’is the season…for end-of-year predictions about what will happen to the world of Bitcoin, altcoins and blockchain in 2020. The teams at cryptocurrency venture fund Token Daily Capital and media outlet TechCrunch have been particularly busy – with experts and journalists galore chiming in with predictions galore on two monster year-end…
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Bitcoin (BTC) is set for a 2020 price surge that will see it go past the USD 20,000 mark, per a new report, with fees to exceed USD 100. In its annual State of Crypto report, investment company Blockchain Capital has made eleven “bold” predictions for the upcoming year. The company says we might see…
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Brad Garlinghouse. Source: a video screenshot, Youtube, Ripple Fiats will go digital in 2020, with 50% of the biggest global banks in the world set to work with digital assets, says Brad Garlinghouse, the CEO of Ripple. Garlinghouse has predicted that half of the world’s top 20 biggest banks will be actively holding and trading…
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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 Authorities in Shenzhen, China, have cracked down on eight companies they suspect of conducting illegal crypto-related activities, including two unregistered exchanges. Despite a recent Read more »Pay/Trade/Buy Bitcoin with…
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Ripple, a San Francisco-based blockchain startup focusing on the payments technologies, announced that is raised USD 200 million in Series C funding from a group of notable investors. The funding round was led by global investment firm Tetragon, with participation from Ripple-friendly SBI Holdings and Route 66 Ventures, the announcement says. This investment, says the…
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