IRS Plans to Ask Every American Worker if They Used Crypto in 2020

Every American filing taxes for 2020 will have to tell the IRS whether they used crypto this year, according to new drafts from the tax agency.

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$50B Worth of Crypto, Mainly Tether, Are Used for Capital Flight Out of China: Chainalysis

Blockchain analytic firm, Chainalysis, has released a new research report which indicates that crypto assets estimated at approximately $50 billion have been sent to other destinations around the world from China.

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Why Tap Global Will Become Next Big Crypto Payment Card

Coinspeaker Why Tap Global Will Become Next Big Crypto Payment CardTap Global lets users convert their crypto into some of the most used fiat currencies: USD, Euro, Pound Sterling, and AUD is coming soon.

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Cyprus SEC Blacklists 7 Digital Trading Sites

The island nation’s financial regulatory body banned sites used for foreign exchange (Forex), CFD, and crypto trading. Cyprus’ Due Diligence Cyprus is no stranger to less-than-pristine business dealings.

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Wisenex crypto exchange – your portal to the world of cryptocurrencies

Cryptocurrency has attracted a growing following in subsequent years. However, for cryptocurrencies to become more widely used, they have to first gain widespread acceptance among ordinary consumers.

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Mexico: Residents Can Now Spend Crypto at Millions of Visa-Accepting Stores

A Mexico-based cryptocurrency exchange, Tauros, announced the region’s first crypto debit cards in a partnership effort with Dash on August 4. The card can be used at any Visa-accepting store and is only available for Mexican residents.

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Dogecoin (DOGE) is now being used by crypto hackers after TikTok boom

Dogecoin’s usecases have seemingly evolved over time.

The post Dogecoin (DOGE) is now being used by crypto hackers after TikTok boom appeared first on CryptoSlate.

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Twitter Releases Details of Attack Vector Used by Crypto Hacker

Twitter has published an update on its investigation into the causes of the recent hack, during which 12 Bitcoin was conned out of the platform’s users.

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Australian Watchdog Issues Warning on Fake Celebrity-Endorsed Crypto Ads

The ASIC has received numerous reports on fake crypto trading robots and other schemes used to scam Australians.

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Cellebrite Launches Crypto Tracer Solution Powered by CipherTrace for Tracking Illicit Activities Involving Cryptocurrency and Blockchain

Cellebrite, a digital intelligence firm has released a cryptocurrency transaction tracing tool called “Cellebrite Crypto Tracer,” which would help law enforcement agencies, businesses, and analysts to trace crypto transactions being used for any illicit activity such as money laundering, terrorism, drugs, human trafficking, weapon sales, and ransomware schemes. The firm has promised to offer its […]

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Ripple CTO Talks to Economics Expert: Crypto for Cross-Border Payments Likely to Have Legs After Lockdown

Ripple CTO talks to an economics professor from Berkeley, Barry Eichengreen, on the Ripple podcast and discusses QE, stablecoins and crypto used for cross-border payments

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How Crypto Market Fear And Greed Be Used Profitably As A Trade Trigger

Investing in Bitcoin is a wild and bumpy ride. Some choose to “HODL,” while others decide to trade the normally volatile crypto asset. Both are subject to extreme fluctuations in price, however, traders can turn market sentiment into a profitable trading signal.

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The Evolution of Proof of Stake – From Peercoin and Nxt to Algorand

The concept of using Proof of Stake (PoS) as an alternative to Proof of Work (PoW) for securing crypto networks has been around for a long time now. It was Sunny King and Scott Nadal who first proposed PoS in 2012 as a more energy-efficient solution than mining, which has traditionally been used to secure blockchains such as Bitcoin.

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Twitter Hackers Using Wasabi Wallet to Wipe Out Bitcoin Trail, Elliptic Says

Transaction data associated with crypto wallets used in the infamous Twitter hack suggests that out of the total of $123,000 worth of bitcoin (BTC), about 22% (approx. 2. 89 BTC) was sent to an address, that blockchain analysis firm Elliptic believes is a Wasabi wallet.

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Not Just For Selfies: Twitter Crypto Scam And How Social Media Transfers Value

This week, the popular social platform Twitter was hacked to promote a scam where $120,000 in Bitcoin was stolen. Similar crypto scams have run rampant on the platform for some time. The ongoing issue highlights how social media has transformed from a place to post selfies, into an online community that is used to transfer […]

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What Does the Twitter Hack Mean for Bitcoin? Crypto Reacts

Is the Twitter hack a watershed moment to decentralized social media? Does it reinforce negative stereotypes of Bitcoin only being used in crime? CoinDesk asked crypto luminaries to see what they think.

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Human Rights Foundation and Crypto Custody, Casa, Partner to Help Activists Use & Secure Bitcoin

The Human Rights Foundation has partnered with Bitcoin security firm Casa to help activists protect their bitcoin holdings and donations used in the fight against human rights abuses around the world.

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Elon Musk, Justin Sun & Other Accounts Hacked in Massive Twitter Scam

The Twitter accounts for a large number of famous influencers have been hacked, offering a run-of-the-mill Bitcoin scam. The hacks appear to be related to a hacked posting service.   It seems like some Twitter API posting service has been compromised and being used to send out fake "giveaway" tweets from popular crypto/blockchain accounts.

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Texas Man Allegedly Used $1.1M in COVID-19 Relief Funds to Buy Crypto

U.S. authorities have accused a man of securing COVID-19 relief funds to invest in cryptocurrency.

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Key Metrics Show Institutional Interest in Crypto Is High and Rising

As institutions flock to crypto, here are the fundamental metrics that can be used to track their interest.

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Binance CEO CZ Reacts After Appearing in Latest YouTube Bitcoin Giveaway Scam

Over the past few weeks, YouTube cryptocurrency giveaway scams have been gaining popularity for their increased fraudulent ads where crypto CEOs and Founders have been impersonated, and their identity used to defraud unsuspecting YouTube viewers of millions of cryptocurrencies.

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A Rare Glimpse Into How Crypto Is Really Used in Venezuela

After airdropping cryptocurrency to 60,000 users in Venezuela, AirTM survey results suggest how crypto is really used in the economically troubled nation.

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Fueling the Cannabis Industry: US Crypto Lending Service Files for Regulated Token Sale

Chicago-based lending firm Ceres recently filed for a request to conduct a Reg. A sale in order to get approval from the U.S. Securities and Exchange Commission (SEC). Ceres wants to launch a token that will be used for garnering equity, while the company also wants to launch a coin that can be used to […] The post Fueling the Cannabis Industry: US Crypto Lending Service Files for Regulated Token Sale appeared first on Bitcoin News.

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Best Bitcoin Trading Bots in 2020 – Automated Crypto Trading Guide (July 2020 Update)

Cryptocurrency trading isn’t easy. However, there are many people who have honed the art of trading bitcoins and altcoins on a daily basis. Trading bots are used by many cryptocurrency traders to execute trades faster and more efficiently, and sometimes even in their sleep.

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Best Bitcoin Trading Bots in 2020 – Automated Crypto Trading Guide (August 2020 Update)

Cryptocurrency trading isn’t easy. However, there are many people who have honed the art of trading bitcoins and altcoins on a daily basis. Trading bots are used by many cryptocurrency traders to execute trades faster and more efficiently, and sometimes even in their sleep.

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Sextortion scams: Bitcoin, not Monero, is the most used crypto

Bitcoin has had a slew of crimes related to it in the past few years, that's the price you pay for using a censorship-resistant universal cryptocurrency. But looking at the facets of what makes a crimThe post Sextortion scams: Bitcoin, not Monero, is the most used crypto appeared first on AMBCrypto.

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Block Stars: Why Mainstream Consumers and Enterprises are Joining the Blockchain

In the latest episode of the all-things-crypto podcast Block Stars, Ripple CTO David Schwarz talks to BRD CEO Adam Traidman. BRD was the very first crypto wallet released on Apple’s App Store back in 2014, so Adam is used to explaining digital wallets to the uninitiated.

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Crypto Research Report Predicts $397K Bitcoin Price by 2030

Researchers behind the June 2020 report from the Crypto Research Report used Bitcoin’s target addressable market to predict a rise to $397K.

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Bitcoin ATM Growth May Be a Boon for Money Launderers

Crypto analytics company CipherTrace found bitcoin ATMs are increasingly being used to send funds to "high-risk exchanges" suspected of facilitating illicit activity.

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John McAfee Pitches Anonymous Coins, Defending Privacy Even Though Criminals Love It Too

Crypto baron McAfee has gotten on his hobby horse of privacy and private coins again, stating that privacy mustn?t be crippled just because it?s also used by thugs

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Ernst & Young Launches Application to Help US Crypto Investors With Tax Filings

Ernst & Young (EY) has introduced a new application that helps U.S. cryptocurrency traders calculate and file their taxes with ease. The EY Cryptoprep app, a Software as a Service (SaaS) web-based crypto tax engine, helps users calculate crypto-related gains and losses that have to be reported on Form 8949, a form used to report […] The post Ernst & Young Launches Application to Help US Crypto Investors With Tax Filings appeared first on Bitcoin News.

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Coinbase Open-Sources ‘Rosetta’ Used to Integrate New Blockchains For Listing

Coinbase is going open source and has launched Rosetta that will make integrating with blockchain simpler, faster, and more reliable. “At Coinbase, we believe a thriving and open ecosystem is necessary for the promise of crypto to be realized, ultimately leading to our vision of more economic freedom for the world,” announced the US-based cryptocurrency […]

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Chainalysis Study Finds Roughly 3.5 Million Bitcoin Moves Frequently Between Exchanges for Trading

A new report by blockchain analysis firm Chainalysis posits that only about 19% of all mined Bitcoin (BTC) – approximately 3. 5 million BTC – moves frequently between crypto exchanges that is used for trading.

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Crypto 101: How to Send and Receive Bitcoin Cash Via the Bitcoin.com Wallet

During the last few months in the midst of the coronavirus outbreak and faltering global economy, many individuals have shown an interest in bitcoin and other cryptocurrencies. However, oftentimes people can find the process a bit daunting because they are not used to using crypto assets and have never experienced the process.

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What Is Ampleforth? How AMPL Is Redefining Decentralized Money

Ampleforth is a cryptocurrency attempting to reinvent money. The protocol’s native token, AMPL, is designed to be used as collateral for decentralized banking systems and as an alternative base-money for... The post What Is Ampleforth? How AMPL Is Redefining Decentralized Money appeared first on Crypto Briefing.

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Best Bitcoin Trading Bots in 2020 – Automated Crypto Trading Guide (June 2020 Update)

Cryptocurrency trading isn’t easy. However, there are many people who have honed the art of trading bitcoins and altcoins on a daily basis. Trading bots are used by many cryptocurrency traders to execute trades faster and more efficiently, and sometimes even in their sleep.

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EU’s Law Enforcement Agency, Europol, Targets Bitcoin Privacy Tool Wasabi Wallet

Europol, the European Union’s Law Enforcement Agency recently released a two-part report analyzing the impact of privacy tools in crimes related to cryptocurrency. Privacy tools such as Wasabi wallets are used by individuals to hide the origin of crypto transactions.

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Eidoo to Burn 80% of Company’s Token Holdings to Kickstart One of the Biggest Daos in Defi

Switzerland, 4th June 2020. Swiss-based crypto platform Eidoo is upgrading its native utility token into a governance token that will power a new cross-chain DAO. In a collaborative decision by Eidoo and pTokens, the $EDO token will be upgraded into $PNT later this month so that it can be used, staked and earn interest within […] The post Eidoo to Burn 80% of Company’s Token Holdings to Kickstart One of the Biggest Daos in Defi appeared first on Bitcoin News.

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Centralized Crypto Futures Exchange Integrates Chainlink's Price Oracles

Chainlink’s decentralized price oracles will be used as an "anchor" by the forthcoming derivatives exchange Digitex Futures to protect traders against slippage.

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Best Bitcoin Gambling Sites

When Bitcoin was first created in 2009, it didn’t take long before some clever individuals started exploring its use for online gambling. Now, over a decade later, many different cryptocurrencies can be used for gambling, and hundreds of different crypto casinos have launched to fill this huge new demand.

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Bitcoin (BTC) Price New ATH in 2020: Probability Revealed by Skew Crypto Analysts

Bitcoin (BTC) options market processes are often used as an indicator of trends in digital assets. Skew analysts have now visualized trader sentiments

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Hackers infiltrated in supercomputers in Europe to mine crypto

Hackers successfully attacked supercomputers in Europe and mined cryptocurrency on them. Many of these computers were used to search for vaccines against Covid-19.

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Understanding Ethereum’s Gas and Transaction Fees

Despite being dubbed the “lifeline of the Ethereum network,” gas is an obscure term outside of the Ethereum community. While it is often used to describe transaction fees on the... The post Understanding Ethereum’s Gas and Transaction Fees appeared first on Crypto Briefing.

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Биткоин-биржа Bitstamp внедрила блокчейн-решение Signet для институционалов

Старейшая европейская криптобиржа Bitstamp сообщила об интеграции ориентированной на институциональных пользователей платформы цифровых платежей Signet от Signature Bank. SIGNET: Bitstamp has become the first crypto exchange to integrate Signet™, Signature Bank’s digital payments platform used by institutional customers to transfer USD in real-time, 24/7.

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Tether Held on Exchanges Could Help Forecast Bitcoin Bull Runs

A crypto data firm rep explained how analysis of Tether’s on-chain data can be used to forecast Bitcoin’s bull runs.

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Bitcoin Price Hits $100,000 by 2025, Transforms World ? Big Names in Crypto Share Their Vision

Several major figures on Twitter offer their vision of the BTC price ($100,000) for later on this decade and how Bitcoin will be used in the near future

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MakerDAO Adds Tokenized Bitcoin While DAI Faces a Crisis of Confidence

Bitcoin can now be used as collateral in a tokenized form on MakerDAO’s algorithmically dollar pegged crypto token DAI. “WBTC will help bring greater liquidity to the Ethereum and decentralized.

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Ukrainian Power Plants May Use Excess Electricity to Mine Cryptocurrencies

The Ministry of Energy in Ukraine thinks power plants could be used for crypto mining companies; considering the impact of the COVID-19 pandemic on energy. Crypto mining is one of the most efficient ways of using excess energy, argues the Ministry in a Facebook post from May 6th.

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Best Bitcoin Trading Bots in 2020 – Automated Crypto Trading Guide (May 2020 Update)

Cryptocurrency trading isn’t easy. However, there are many people who have honed the art of trading bitcoins and altcoins on a daily basis. Trading bots are used by many cryptocurrency traders to execute trades faster and more efficiently, and sometimes even in their sleep.

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