Exchange and wallet service provider Coinbase appears to be taking early steps to remind customers about their upcoming tax obligations. With the U.S. tax year having ended on Dec. 31, the company’s users are now faced with a banner placed at the top of their dashboard, stating “Please remember to pay your taxes,” and linking to the website’s newly updated tax FAQ page. The FAQ points out that Coinbase “cannot provide legal or tax advice,” but links to Internal Revenue Service Read more …
Amsterdam, January 4, 2018: Icecat, a listed company in The Netherlands and exploiting a unique and global open content catalog in the e-commerce market, is working on the creation and issuance of a so-called “2.0” cryptocoin, ICURY. The ICURY, Icecat CryptocURrencY, will be a cryptotoken that is accepted by Icecat, and will play a role in payments and content creation in Icecat’s existing ecosystem. It is a 2.0 coin in the sense that the token is issued by an existing Read more …
John Whelan is blockchain lab director at Banco Santander, where he specializes in the application of blockchains, distributed ledgers and smart contracts within the financial industry. The following article is an exclusive contribution to CoinDesk’s 2017 in Review. For the past couple of years, there has been an extraordinary amount of hype around the potential of blockchain (or more correctly distributed ledger technology) to transform the banking industry. The reason for this hype is quite profound: DLT has given us the opportunity Read more …
Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. India’s foremost policy institute and think tank is exploring blockchain applications in a number of sectors including education, health and agriculture. The National Institute of Transforming India (NT), the government’s primary policy-making body, is eyeing the use of blockchain technology with work toward a proof-of-concept (PoC) to trial the decentralized technology across a number of sectors. According to the Economic Times, the PoC will be put to Read more …
DASH/USD DASH continues to be a bit volatile, but we are underneath the downtrend line that makes the top of the downtrend in channel. If we can break above the $1200 level, the market could continue to go higher, perhaps reaching towards the $1400 level. If we break down below the $1000 level, then I think we go down to the $850 level. LTC/USD Litecoin fell a bit during the trading session on Thursday, but I think there is Read more …
Ebay’s online platform appears to offer unlicensed cryptocurrencies, including unambiguous scams and coins whose bid prices are out of all proportion to the current market price. Those responsible seem to be aware of this problem, but no effective steps have yet been taken. Ebay, the world’s largest online marketplace, seems to have a massive problem with regulating its products on its own platform. Thus, completely unloaded crypto currencies are discontinued as goods and offered for sale. This is done in Read more …
ETH/USD Ethereum continues to grind higher, as it looks likely to reach towards the $1000 level over the next several days. Because of this, I believe that the markets will continue to find buyers on dips, as the large, round, psychologically significant number is far too tempting of a target. I believe that it is not until we break down below the $800 level that you should worry about the uptrend. ETH/BTC Ethereum rallied against Bitcoin as well, and Read more …
BTC/USD Bitcoin drifted a bit lower during the trading session on Thursday, as traders continue to bounce around the head of the nonfarm payroll number coming out of the United States. This will have a drastic effect on the US dollar, and by extension Bitcoin. It looks currently as if we are consolidating still, with the $13,000 level being the “floor”, and the $16,000 level being the ceiling. Because of this, back and forth range bound trading strategies seem to Read more …
Cybersecurity Expert John McAfee has warned of advances in hacking methods after his personal Twitter account was hijacked to promote a number of alternate cryptocurrencies last week. The founder of computer security company McAfee had regularly been posting a ‘Coin Of The Day’ review on his Twitter page. The hackers gained access to his account by changing his phone number to request a new password. They then posted a series of Tweets using McAfee’s profile to promote a number of Read more …
Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The value of the cryptocurrency ecosystem skyrocketed in 2017, with various cryptocurrencies surpassing 1,000% gains. Ripple’s XRP token, for example, was worth about $0,006 in the beginning of 2017 and is currently trading at $3.76. The 60,000% rise helped Ripple become the second-biggest cryptocurrency by market cap, and is now valued at over $140 billion. Behind the XRP token is San Francisco-based company Ripple, which uses blockchain Read more …
The price of ether, the native token of the ethereum platform, has hit a new all-time high over $970 and is eyeing the $1,000 mark. As of writing, ether (ETH) is trading at a record $978. The world’s third-largest cryptocurrency by market capitalization has appreciated by 11 percent in the last 24 hours, according to data source CoinMarketCap. A deeper look at the individual markets suggests the cryptocurrency is trading above $1,000 on Asian exchanges offering ETH/KRW pairs. Meanwhile, on western exchanges, Read more …
Initial coin offerings have come under increased scrutiny by the SEC. That is only normal, as a lot of these projects catered to US-based investors. However, very few of these concepts effectively filed with the SEC to issue securities. After Tezos, Giga Watt is now the second major project to feel the SEC’s wrath. The company is effectively being sued for securities fraud as we speak. Whether or not this group of investors will benefit from such legal action, is Read more …