The FBI’s Internet Crime Complaint Center has noted a drastic increase in online crime, with crypto holders being targeted by dodgy helplines and tech support centers. Most companies want to keep the customers happy. Satisfied clients are more likely to be loyal and to refer the given company to their friends and family. One way that businesses try to keep their clientele happy is through support contact centers. However, criminals are looking at these helplines as a way to scam Read more …
Month: April 2018
A Cryptocurrency Summary from G20
Join our community of 10 000 traders on Hacked.com for just $39 per month. Last week, the G20, the group of the world’s 20 largest economies, took place in Buenos Aires, Argentina. The regulation of cryptocurrency was among the main topics debated by the multilateral group. The importance of everything that has been discussed in Argentina can impact the crypto market around the world. The main message was: We will not ban, but regulate the market. A very positive news Read more …
South Korea Will Release Bitcoin Taxation Policy in July, Following G20 Meeting Results
A lot of cryptocurrency enthusiasts do not like regulation. This is a hot topic of conversation right now, especially in lieu of the recent G20 meeting. While no immediate measures were represented, it seems the governing body will introduce taxation guidelines in July. The G20 Remains on top of Cryptocurrency It is safe to say the recent Bitcoin price dip is partially caused by G20 meeting concerns. Many investors were concerned this governing body will impose regulation at some point. Read more …
120 Million? Vitalik Proposes Cap on Ether Cryptocurrency
Vitalik Buterin has penned a new proposal that could lay the foundation for resolving one of the ethereum network’s biggest outstanding questions – whether a limit on the amount of ether that could be created would ever be set. In a new ethereum improvement proposal (EIP) authored April 1, the cryptocurrency’s creator issued his latest thoughts on the matter, posing to developers and software users that the maximum supply of ether, the network’s cryptocurrency, be set at 120,204,432, “or exactly Read more …
South Korean Regulators To Release Crypto Tax Framework By June
South Korea’s Ministry of Strategy and Finance will reportedly release a taxation framework for cryptocurrencies by the end of June, local news outlet Fuji News Network (FNN) reported March 25. A spokesperson for the Ministry of Strategy and Finance said that although they “do not have a specific time frame,” they are “thinking about announcing a virtual money tax in the first half of the year,” and FNN adds that any taxation would only start next year. The announcement of Read more …
The Maddening Task of Calculating Taxes on Crypto
Jeremy Drane is the chief commercial officer at Libra, a provider of accounting, audit and tax software for the blockchain and cryptocurrency industry. The following article is an exclusive contribution to CoinDesk’s Crypto and Taxes 2018 series. For many in Cryptoland, “decentralize everything” is a common mantra. And, it’s something I personally believe in, to a point. However, for various business processes that require aggregated data to execute, decentralization creates problems that are very challenging for individuals and enterprises to Read more …
Kazakhstan May Ban Cryptocurrencies Citing Money-Laundering Concerns
Join our community of 10 000 traders on Hacked.com for just $39 per month. Kazakhstan’s National Bank is considering banning cryptocurrency use, exchanges, and mining, saying virtual currencies are an ideal vehicle for fraud, money-laundering, and tax evasion. “In Kazakhstan, the National Bank is taking a very conservative approach toward the matter, and it welcomes nothing but extremely tough restrictions,” Daniyar Akishev, the chairman of Kazakhstan’s National Bank, told Sputnik News. Akishev continued: “We want to ban the exchange of digital currencies Read more …
US State of Nevada’s Most Popular Purchase is the Ledger Crypto Hardware Wallet
Price protection application Earny analyzed 100 million purchases between November 2017 and February 2018 concluding the most popular purchase in Nevada was the Ledger Nano cryptocurrency hardware wallet. Cryptocurrency hardware and blockchain security leader Ledger was pleased with the results. According to a study published in @businessinsider, the most popular purchase in Nevada is our Ledger Nano S hardware wallet! https://t.co/3lzCaT2W2i — Ledger (@LedgerHQ) March 30, 2018 Earny is a price protection application that uses receipts from user’s inboxes to Read more …
Many Brits Confuse Cryptocurrency with Something Else
Featured According to a new poll, many British people have little or no idea what cryptocurrency really is. Terms like “blockchain” sound familiar, but often in completely different contexts. The authors of the study have compiled a “Techionary” to acquaint the public with some common acronyms and buzzwords. Also read: Financial Professionals Bet On Rising Cryptos, UK Report Crypts and Toilets The survey has revealed that a great number of British citizens may have an entirely wrong Read more …
Cisco Files Patent for Blockchain-Related Group Communications Method
As major companies scramble to the patent office to file blockchain-related applications, Cisco aims to develop a confidential group communications method utilizing Bitcoin’s underlying technology. Another Blockchain Solution According to an official United States Patent Application released on March 29, multinational technology conglomerate Cisco is interested in developing a confidential group communications method utilizing blockchain technology. As described in the filing’s abstract, Cisco is interested in patenting: A system and method for achieving authorization in confidential group communications in terms of Read more …
Test Drive: New Cryptocurrency Mobile App ‘Circle Invest’
Reviews This week news.Bitcoin.com gave the beta version of the new Circle Invest application a trial on Apple’s Testflight platform. The new Circle app aims to be a Coinbase competitor by the looks of the user interface as the platform has a lot of similarities. See also: How to Buy Bitcoin When You’re Underage The Circle Invest App On Testflight Just recently we were sent an invitation code to give the new Circle Invest app a test, so Read more …
China’s New Central Bank Head Is Pro-Market, Could It Impact Cryptocurrency Industry?
Yi Gang, an American-trained economist, has been elected by the Chinese government to take over the People’s Bank of China (PBoC), the country’s central bank, as its head. The election of a pro-market economist could have a positive impact on the cryptocurrency market. Pro-market, favors freedom Both Chinese President Xi Jinping and PBoC’s new leader Yi Gang are pro-market and pro-market reform. Prior to his election, Yi has consistently emphasized the importance of market liberalization, and has invited economists along Read more …