George McDonaugh is Managing Director and Co-Founder of KR1 plc, the London listed cryptocurrency and blockchain investment company. ____________ Jeremy Bentham, an 18th century Philosopher and social theorist envisaged a building designed to allow all prisoners of an institution to be observed by a single security guard. It was called a Panopticon and in today’s…
Read more
Bitcoin is the third most-used online payment method in Italy, ahead of traditional credit cards like Visa, Mastercard and American Express. According to new data from marketing analysis firm SEMRush, Bitcoin (BTC) is the third-most preferred online payment method in Italy. Bitcoin comes in third place On Oct. 31, the Italian news outlet La Stampa…
Read more
Do you have a diverse portfolio that contains digital currency? The United States Internal Revenue Service also wants to know your answer. On Oct. 9, 2019, the United States Internal Revenue Service issued Revenue Ruling 2019-24 and a series of frequently asked questions, identifying rules governing U.S. taxation of digital currencies. Taxation in the U.S.…
Read more
The U.S. SEC and CFTC have both filed and settled charges against Switzerland-based securities dealer XBT Corp. SARL. The United States Securities and Exchange Commission (SEC) has filed charges against XBT Corp. SARL on the same day that the Commodity Futures Trading Commission (CFTC) settles charges against the same company. SEC allegations In a press release…
Read more
Alternative use cases for a blockchain, existing alternatives to proof-of-work, and a case for why we need new consensus mechanisms. The Bitcoin white paper was published 11 years ago today, on Oct. 31, 2008, meaning that Bitcoin (BTC) is celebrating its 11th year of existence. From its humble beginnings to over a $300 billion market…
Read more
Today, Bitcoin (BTC) Whitepaper is eleven years old. From its 10th birthday, BTC has seen many of its network metrics increase by double digits. October 31st is a special day in the world for a number of reasons, but in the Cryptoworld it is a date that marks a pivotal event in its history –…
Read more
Understanding the new IRS guidance for cryptocurrency. The United States Internal Revenue Service (IRS) is continuing to focus its efforts in cryptocurrency. After sending a recent enforcement letter, the IRS has released two new pieces of guidance for taxpayers who engage in transactions involving digital currency. The new guidance includes Revenue Ruling 2019–24 and FAQs,…
Read more
While the United States might be losing ground to China in the blockchain technology race, and has slightly fewer players in the security token ecosystem than Europe, the world’s largest economy still dominates in a several security token-related areas, per the findings of a new study. Switzerland-based security token platform BlockState says it has cooperated…
Read more
With all the developments, ups and downs, crashes and rallies that the market has experienced over the course of the last year, it’s not surprising that there would be victims along the way. However, it’s interesting to notice that only 10 out of the top 50 coins by market capitalization are in green. Indeed, the…
Read more
Here are the basic steps to success when making your first cryptocurrency investment. Investing in Bitcoin (BTC) can be quite intimidating if you’re only just learning about its existence now. In fact, taking the plunge and entering the cryptocurrency sphere is a risk for anyone, with or without investment experience. This is because the crypto…
Read more
