Why 21 Million BTC May Have Been Chosen

Everything about Bitcoin is heavily steeped in mathematics – defined as the study of quantity, structure, space, and change. Quantity has always been of particular interest to crypto investors and traders – in increasing the quantity of one’s own holdings, and the impact the hard-capped quantity of BTC has on its long-term value. Recently, a Twitter thread questioned the reasoning behind why the first-ever cryptocurrency’s creator, Satoshi Nakamoto, selected 21 million BTC as the total supply and not another arbitrary Read more …

Kyrgyzstan Proposes Draft Law to Introduce Crypto Mining Taxation

On Aug. 28, the Ministry of Economy of Kyrgyzstan has submitted the draft law “On Amending the Tax Code” with the aim of introducing cryptocurrency mining taxation. New tax proposal According to news outlet Kabar, the draft law was specifically developed to allow for the possible taxation of crypto mining. The taxation on cryptocurrency mining is expected to increase budget revenues and to contribute to the principle of fair taxation in the Kyrgyz Republic. The Ministry of Economy of Kyrgyzstan Read more …

Microsoft Finally Refunds 12-Year-Old’s $1,300 Xbox Live Spending Spree – CCN Markets

Microsoft has issued a refund to a 12-year-old child with ADHD who spent over $1,300 on Xbox One video games without his parents’ knowledge. | Source: Shutterstock Microsoft has finally refunded more than 100 purchases made by a 12-year-old gamer from the UK. The child, who had been diagnosed with ADHD and exhibits symptoms of inattention and impulsivity, spent over $1,300 on Xbox Live without his parents’ knowledge. Microsoft cancels Xbox Live purchases made by child with ADHD The preteen Read more …

Bitcoin Price Analysis: $9,400 Key Support Holds For Now

Bitcoin’s volatility has drastically decreased over the last few weeks as price action unfolds close to key support at $9,400. This key support line creates the bottom of the asymmetrical triangle stemming from $14,000 down to $9,400 mentioned in a previous analysis on Bitcoin. Bitcoin 1-Hour Analysis On the 1 hour chart for XBT/USD, we can see the decreasing volatility alongside low volume. There was a large bearish candle on the 29th of August that resulted in price levels dropping Read more …

US-China Trade War and Its Effect on Cryptocurrencies

The People’s Bank of China (PBoC), the country’s central bank, has announced that it is planning to launch a central bank digital currency (CBDC), inspired in part by Facebook’s Libra project.  David Marcus, the head of Facebook cryptocurrency wallet Calibra, and known as the co-creator of the company’s venture into cryptocurrencies, had this to say on Twitter: “Like I said: if we don’t lead (and by ‘we’ I mean the Free World, *not FB*) others will. It wasn’t a figure Read more …

‘Candy for Millennials’ Auto Stock Has Skyrocketed by 900% – CCN Markets

Carvana is all about making the experience of buying a used car fun. It’s “candy for millennials.” The stock rallied by over 900% in 2 years. | Source: Shutterstock Carvana Corporation is all about making the experience of buying a used car fun. Buyers browse through the tech company’s selections online. Once approved for financing, users visit one of Carvana’s locations to pick up their vehicle. Before they can take their ride home, buyers have to insert an oversized coin Read more …

Australian Coder Warns Users of Lightning Network’s Vulnerabilities

Australian software programmer and Bitcoin’s (BTC) Lightning Network coder Rusty Russell warned users that “security issues have been found in various Lightning projects which could cause loss of funds.” Urgent update recommended On Aug. 30, Russell published a tweet urging LN nodes operators to update their software as soon as possible. According to the message, his warning concerns all versions of c-lightning prior to 0.7.1, lnd older than 0.7, and eclair up to version 0.3. Notably, just earlier this month Read more …

Psst, Bitcoin Fans! It Doesn’t Matter Who Satoshi Nakamoto Is – CCN Markets

Despite the hysteria over the identity of Satoshi Nakamoto, it doesn’t matter who he is because bitcoin transcends any individual. | Source: Shutterstock There has been a barrage of media coverage in recent weeks over the identity of Satoshi Nakamoto, the mysterious inventor of bitcoin. The coverage hit a fever pitch this week due to a court ruling in the $10 billion lawsuit filed against Craig Wright. Industry: Wright is not Satoshi Nakamoto The Australian crypto entrepreneur has declared since Read more …

XRP Advocate Calls for Fork Amid Alleged Ripple Flooding

An XRP evangelist is calling for a fork of the cryptocurrency to prevent Ripple from dumping coins on investors for profits. Let’s Fork XRP Every quarter, Ripple publishes a report showing the sales figures for the tokens within the preceding three months. Critics say the company is dumping these tokens for profits while the value of the “coin” itself continues to tumble. I’m thinking about forking $XRP so we don’t have to deal with the founders dumping. -This will be Read more …

Will Craig Wright Stiff Kleiman Estate Out of $5 Billion Bitcoin Fortune? – CCN Markets

Craig Wright hasn’t been ordered to pay $5 billion to the Kleiman estate – yet. But if it comes, will he relinquish the Bitcoin fortune? | Source: Oxford Union/YouTube Dave Kleiman’s estate might have a difficult time reclaiming its alleged half of Craig Wright’s $10 billion Bitcoin fortune – and not just because critics say it likely doesn’t even exist. Wright, who lives in the UK, suggested that he won’t make it easy for the US courts to enforce an Read more …

Ex-ConsenSys Exec Joins Security Token Project Dusk Network

Former blockchain firm ConsenSys’ ventures head Kavita Gupta joined security token project Dusk Network. As industry news outlet The Block reported on Aug. 30, Gupta joined Dusk Network, an Amsterdam-based startup trying to help companies tokenize their equity shares. Dusk Network co-founder Mels Dees claims that the company is also working with a regulated European stock exchange and have partnered with a major cryptocurrency exchange. Fundraising for private companies Gupta, who worked at McKinsey, HSBC, and the World Bank, believes Read more …

Amanie Advisors Support Ether’s Compliance With Islamic Finance Law

Islamic finance and Sharia advisory firm Amanie Advisors have established Ether’s (ETH) compliance with Islamic religious law. Ether receives Sharia endorsement In a blog post published on their website, Amanie Advisors announced that the firm has collaborated with the Ethereum Foundation to establish the platform’s compliance with Sharia religious law. As a result of the collaboration, the company released a paper with the main purpose of illustrating Ethereum’s compliance with Islamic morals, which concedes a Sharia endorsement of the project Read more …