Category: Cryptocurrency News

Public distributed ledger Hedera Hashgraph has announced that IBM and Tata Communications have joined its governing council. In a news release on Aug. 12, the platform described the addition of the two firms as a “powerful endorsement” of its hashgraph consensus mechanism. “Diverse array” of council members Mance Harmon, the CEO of Hedera Hashgraph, said IBM and Tata Communications’ presence further decentralizes the platform’s governance, adding: “Our governance model, which includes a robust system of checks and balances, ensures power Read more …

In the latest episode of “Coffee and Crypto,” Cointelegraph’s head of editorial Olivia Capozzalo and head of news Molly Jane Zuckerman have discussed the biggest headlines in the crypto world — armed with steaming cappuccinos. The cappucci-news In the video, Capozzalo and Zuckerman have a packed agenda. First, they make sense of the news that the United States Federal Reserve has started developing a 24/7 system for real-time payments — sparking endless questions and comparisons to Bitcoin (BTC) and Ripple’s Read more …

New Zealand’s tax office, the Inland Revenue Department (IRD), has made it legal to receive salaries in cryptocurrency, and be taxed accordingly. In its August bulletin, the agency published a new ruling under the Income Tax Act (in relation to section RD 3) that states that an employee can be paid salaries in crypto assets as long as the payments are for services performed under an employment contract, are for a fixed amount and form a regular part of the Read more …

The New Zealand Tax Department has just issued guidance on salary payments made in Bitcoin and other cryptocurrency. This confirms that such payments are entirely within the law, and clarifies how to deal with them in accounting. Pay Me In Bitcoin The ruling covers payment of wages or salary (including bonuses) either wholly or in part using cryptocurrency. Payments must be for services performed as employment, and the ruling does not apply to any crypto-assets provided as a ‘share’ under an Read more …

There has only been one mover and shaker in the world of cryptocurrencies over the past month or so. All eyes have been on Bitcoin while its smaller siblings have been eroded as altcoins remain in deep hibernation. Big Potential on Bitcoin Cash Chart BCH is one of today’s top crypto assets in terms of 24 hour gains. From a weekend low of $308, Bitcoin Cash has surged over 10 percent to hit an intraday high of $340 during Sunday Read more …

New privacy-enhancing solutions presented by Smart Mixer help users protect their financial privacy by supplying them with a complete service for conducting anonymous blockchain transactions. Smart Mixer provides a differentiated solution that offers full anonymity and proof of mixing to every Smart Mixer user. SmartMixer, a custom cryptocurrency provider focused on improving an essential service to cryptocurrency users, has unveiled its offering, transaction anonymity. The SmartMixer solution is an important one that protects the identity and transaction details of the Read more …

The UK subsidiary of Coinbase will be removing Zcash (ZEC) from its exchange listing, according to an email sent to platform users last week. The email states that Zcash will be officially de-listed from the platform on August 26, 2019. Users are asked to either sell or exchange their ZEC funds into another crypto before the mentioned date. The users that still have ZEC funds on the platform will be automatically liquidated to British Pounds, read the update. UK Coinbase Read more …

In a note to customers, Goldman Sachs gave a bullish forecast for Bitcoin price. Shared on Twitter, Aug. 11, the note suggests a short-term target of $13,971. Bullish analysis based on Elliott Waves The target given is based on Elliott Wave Theory, which forecasts market trends by identifying extremes in investor psychology, along with price highs and lows. According to the analyst, Bitcoin will rebound from support around $11,094, leaving room for at least one leg higher towards $12,916 and Read more …

The growing popularity of cryptocurrency has led to a revolution in the digital currency industry. Enterprises that were of noncrypto origin now have or plan to have their own crypto product. The 10 years of cryptocurrency’s existence has led to an unprecedented ease of transactions. It has also brought transparency into the e-commerce world. This article discusses 10 of the biggest enterprises in the world, without a cryptocurrency background, that have already created or are in the process of investing Read more …

Five of the world’s biggest Bitcoin exchanges all saw more money leave them than enter them this weekend, data shows. Money on the Move As highlighted by ecosystem monitoring resource Token Analyst, August 12 saw a surprisingly taxing trading session for exchanges, despite ongoing strength in the Bitcoin price.  24H BTC exchange on-chain flows:#binance: $20M in | $39M out#bitstamp: $17M in | $19M out#bittrex: $2M in | $3M out#poloniex: $991K in | $2M out#bitmex: $6M in | $16M out See Read more …

IBM and Indian telecom company Tata Communications have joined the governance council of Hedera Hashgraph, a public blockchain network for enterprises. Now, eight of the 39 available spots for governing council members are filled, the network announced Monday. “Our goal is to create the most decentralized governing body of any of the major public platforms,” Mance Harmon, CEO of Hedera, told Coindesk. “We’re covering multiple industries … and we’re wanting global coverage.” Hedera claims its flavor of distributed ledger technology Read more …

The Bitcoin price (BTC/USD) has dropped below $11,500 after poor weekend trading put the bears back in charge The original cryptocurrency experienced some disappointing weekend trading, especially on Saturday, when its price dropped below the $11,500 mark. Having started that session at $11,861.56, the digital coin plunged in the afternoon, falling to as low as $11,323.90. BTC continued to struggle on Sunday, but at least it managed to defend the $11,000 mark. The coin fell to a six-day low of Read more …