Month: November 2017

Coinbase has hailed as a “partial victory” a court order to hand over transaction details of almost 15,000 customers to the government. In a summary of the US exchange’s now year-long legal battle with the Internal Revenue Service (IRS), communications officer David Farmer confirmed previous hints that only three percent of the original data demands would be sent to lawmakers. The issue focuses on IRS suspicions that Bitcoin holders transacting through Coinbase were not paying appropriate taxes on profits. After Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The global shipping industry could see substantial benefits in using bitcoin as a Ukrainian shipper negotiates its first bitcoin transaction. Varamar Ltd., a shipping company based in Odessa, a port city in southern Ukraine, will be among the first shipping operators to accept payments in bitcoin. According to Bloomberg, the shipper is currently negotiating its first transaction in bitcoin with a client and will accept the cryptocurrency Read more …

In a statement that will be widely approved and vilified by opposing camps, Joseph Stiglitz said on Bloomberg TV that cryptocurrencies like Bitcoin should be banned. His commentary is based on analysis saying that the market for Bitcoin is driven mostly by its potential to circumvent government agencies. His rant continued, stating that the Bitcoin market will ‘go up, and then come down,’ leaving many investors injured, and therefore it should be banned, adding that it doesn’t serve any ‘socially Read more …

The vice president of the European Central Bank (ECB) yesterday warned about the risks of investing in bitcoin at current valuations. Speaking to CNBC, Vitor Constancio said developments in bitcoin’s price make it “a speculative asset by definition,” continuing: “Investors are taking that risk of buying at such high prices.” Bitcoin, the largest cryptocurrency by market capitalization, has seen astonishing rises in value in recent weeks that have seen it hit headlines worldwide. In the last week alone, prices have Read more …

Cryptocurrency users on the Bitfinex exchange woke up to a nasty surprise. More specifically, a lot of margin traders have lost a good amount of money. Plenty of orders were liquidated at the bottom prices, although no one knows why. Some claim this is an error on behalf of the exchange, but that hasn’t been officially confirmed at this point. Rest assured a lot of users are not too happy about this development, though. In most cases, Bitfinex users lost Read more …

November has been a busy week for famed stock picker Ronnie Moas who, on Nov. 4, predicted that by the beginning of 2018 Bitcoin would hit $11,000. That was recently blown out the water, but before the target was hit, he adjusted to $14,000. Now, Bitcoin is on its way to smashing that new target causing Moas to readjust for the third time in a month as the digital currency revels in a new era of adoption and acceptance. Moas Read more …

Blockchain coder Cody Burns wakes up in a coffin-sized hotel room in what he would later call a “questionable” part of Hong Kong. As the hotel cashier doesn’t speak English (and only accepts in-person paper-based check-ins), Burns believes this hotel is “not something a westerner would stay in,” but that’s all part of his plan to keep his tracks covered. You see, Burns is performing the cryptographic ceremony that privacy-oriented cryptocurrency zcash has become known for: a ritual that involves Read more …

Security There was once a time when a bitcoin was worth about as much as the spare change down the back of your sofa. Now, one bitcoin is worth your sofa, your armchair, and every other item of furniture in your living room. Gone are the days when maintaining military grade opsec was the preserve of bitcoin whales and the ultra-paranoid. As digital currencies soar, safeguarding your cryptocurrency is imperative, no matter how humble your holdings. Here’s Read more …