Blockchiain-Featured

Spanish Tax Watchdog Puts 66,000 Crypto Traders on Notice

Source Node: https://cointelegraph.com/news/spanish-tax-watchdog-puts-66-000-crypto-traders-on-notice
Time Stamp: April 3, 2020 12:26 AM - Modified On: August 29, 2021 - Published By:
Source Cluster:
Republished By Plato

The Spanish tax authority has begun sending out warning notices to 66,000 cryptocurrency holders to remind them of their tax obligations.According to Europa Press, the Agencia Estatal de Administración Tributaria (AEAT) began the campaign on April 1, and will keep firing off letters until June 30 in the midst of the national COVID-19 crisis.The 66,000 notices represents a sharp increase from 2019, the first year of the campaign, when a reported 14,700 notices were sent out. The tax watchdog is also targeting those who earn income abroad and from real estate

Huge Rise in Chinese ‘Blockchain’ Companies — But Are They Real?

Source Node: https://cointelegraph.com/news/huge-rise-in-chinese-blockchain-companies-but-are-they-real
Time Stamp: April 2, 2020 11:56 PM - Modified On: August 29, 2021 - Published By:
Source Cluster:
Republished By Plato

More than 35,000 blockchain companies are operating in mainland China —  but it’s believed that many of them do not even use blockchain technology.In the first quarter of 2020, as COVID-19 shut down factories, offices and cities across the  world, 2,383 brand-new “blockchain” companies sprung up in China.This brings the total to 35,010 companies as of April 1 — over 20,000 in Guangdong province alone — according to Tianyancha, a business data company.But in mid-February data firm LongHash estimated that approximately 70% of the total number of blockchain firms registered

Crypto Friendly Laws Help Boerse Stuttgart’s App Top 100,000 Users

Source Node: https://cointelegraph.com/news/crypto-friendly-laws-help-boerse-stuttgarts-app-top-100-000-users
Time Stamp: April 2, 2020 10:27 PM - Modified On: August 29, 2021 - Published By:
Source Cluster:
Republished By Plato

The cryptocurrency trading app of Germany’s second-largest stock exchange, Boerse Stuttgart, exceeded 100,000 users on March 30 amid increasingly permissive regulations in the country.The Bison app, which launched on Jan. 31st, 2019, has attracted a six-figure user base in just 14 months.Bison users grow 40% during Q1 2020Ulli Spankowski, the chief executive of Boerse Stuttgart Digital Ventures subsidiary and developer of the Bison app, Sowa Lab GmbH, notes that the milestone has been reached amid a 40% growth in users since the start of 2020. Boerse Stuttgart’s app supports Bitcoin (BTC),

Binance Research Finds Bitcoin Correlated to Stocks — But Not For Long

Source Node: https://cointelegraph.com/news/binance-research-finds-bitcoin-correlated-to-stocks-but-not-for-long
Time Stamp: April 2, 2020 10:20 PM - Modified On: August 29, 2021 - Published By:
Source Cluster:
Republished By Plato

In a new report Binance Research found a ‘moderate’ positive correlation between Bitcoin and US equities during the first quarter of 2020 — but neither was correlated to gold.Bitcoin was down 10% over the quarter but still outperformed the S&P 500 which experienced a 19% drop. According to the report, the correlation was fairly high at 0.57, as shown through similar patterns in daily business day returns.Gold and long-term treasuries showed no relationship to other markets as they rose by 8% and 23% respectively.The good news for hodlers is that

Stellar Will Give 2.5 Million Lumens To Charities to Help During Crisis

Source Node: https://cointelegraph.com/news/stellar-will-give-25-million-lumens-to-charities-to-help-during-crisis
Time Stamp: April 2, 2020 8:24 PM - Modified On: August 29, 2021 - Published By:
Source Cluster:
Republished By Plato

The Stellar Development Foundation has committed up to 2.5 million Lumens to six non-profit organizations to help out during the coronavirus crisis — and they’re calling on the community to help. The SDF will kick the initiative off by donating 100,000 XLM each to six charities, with the remaining funds used to match community contributions on a one-to-one basis throughout April. Strong balance sheetSDF CEO Denelle Dixon told Cointelegraph the Foundation was lucky enough to be in a strong financial position to be able to help:“We're in the fortunate position of having

Is Decentralized ASIC Production Possible?

Source Node: https://medium.com/coinmonks/is-decentralized-asic-production-possible-eb5caece672c?source=rss-------8-----------------cryptocurrency
Time Stamp: April 2, 2020 7:07 PM - Modified On: August 29, 2021 - Published By:
Source Cluster:
Republished By Plato

The news about ASICs for Nervos CKB came out recently, as the time of writing, there are four ASICs announced, the Toddminer C1, Toddminer C1 Pro, Bitmain K5 and PA miner — the first batch of C1 was delivered on March 9, K5 and PA Miner are expected to be delivered in April and C1 Pro in May.Since mainnet launch, the total hashrate on CKB mainnet has been around 200TH/S on average, it is now gradually picking up (at the time of writing at ~500TH/S) with ASICs. Toddminer says C1+C1

New Tron Partnership Lets Gamers Earn Crypto for Streaming

Source Node: https://cointelegraph.com/news/new-tron-partnership-lets-gamers-earn-crypto-for-streaming
Time Stamp: April 2, 2020 5:31 PM - Modified On: August 29, 2021 - Published By:
Source Cluster:
Republished By Plato

Refereum, a blockchain-based platform that rewards users for video game engagement and streaming, has partnered with Tron. The collaboration allows Refereum to pay out its video game streaming users in Tron’s TRX coin, and BitTorrent’s BTT token, said an April 2 statement provided to Cointelegraph.  Partnerships, more partnerships, and purchasesTron bought software company, BitTorrent Inc, in 2018. BitTorrent also utilizes an associated crypto asset called BTT, which is built on Tron’s blockchain. Refereum teamed up with DLive, a blockchain streaming service, near the end of 2019, giving video game live streamers reward-collecting

What to Expect When You’re Expecting… the Bitcoin Block Halving

Source Node: https://cointelegraph.com/news/what-to-expect-when-youre-expecting-the-bitcoin-block-halving
Time Stamp: April 2, 2020 4:39 PM - Modified On: August 29, 2021 - Published By:
Source Cluster:
Republished By Plato

Many industry experts hold varied expectations for Bitcoin’s price following the block reward halving in May, proving 2020 is anything but mundane. “On both prior occasions, Bitcoin surged to a new all-time high within 12 months, with the latest coming in December 2017 when the price reached about $20,000, which was followed by a massive decline,” Bill Herrmann, CEO of alternative investment banking firm, Wilshire Phoenix, told Cointelegraph in an email on March 10. Herrmann also pointed out that Bitcoin’s market has matured compared to past years, noting that information available to

Dow Jones Has a Blockchain-Based Product for Fighting Fraud and Staying Compliant

Source Node: https://cointelegraph.com/news/dow-jones-has-a-blockchain-based-product-for-fighting-fraud-and-staying-compliant
Time Stamp: April 2, 2020 3:57 PM - Modified On: August 29, 2021 - Published By:
Source Cluster:
Republished By Plato

Dow Jones Risk & Compliance has teamed up with a company called EastNets to build a real-time blockchain-based watchlist feed. This watchlist identifies high-risk third parties for business deals and helps maintain a business’s regulatory compliance. This blockchain-based product currently lets users solve problems associated with manually updating these watchlists and protecting data from cyber criminals.Deya Innab, chief strategy and product officer for EastNets, said:“Designing and testing a suitable solution was challenging, but we are delighted to lead the industry with a real-time, secure watchlist update solution that is actively

Beware! Scammers Are Out for Crypto Amid the Coronavirus Pandemic

Source Node: https://cointelegraph.com/news/beware-scammers-are-out-for-crypto-amid-the-coronavirus-pandemic
Time Stamp: April 2, 2020 3:52 PM - Modified On: August 29, 2021 - Published By:
Source Cluster:
Republished By Plato

As the world continues to battle with the deadly coronavirus pandemic, immoral cybercriminals are once again on the prowl. This time, they are using the chaos and fear through phishing techniques and sophisticated malware hacks to access people’s crypto holdings.On March 27, residents in the United Kingdom received warnings from their local councils “to be on their guard against a series of scams attempting to take advantage of the coronavirus outbreak.” Scammers have been using other tricks to lure victims, including the use of false Bitcoin (BTC) donation channels, fake

How the Pressures of the Coronavirus May Open the Door for Tokenization

Source Node: https://cointelegraph.com/news/how-the-pressures-of-the-coronavirus-may-open-the-door-for-tokenization
Time Stamp: April 2, 2020 2:16 PM - Modified On: August 29, 2021 - Published By:
Source Cluster:
Republished By Plato

The coronavirus pandemic is the only thing on most people’s minds right now around the world.The pending economic fallout is only surpassed by the anxiety induced by surging cases in both the United States and Europe. People remain firmly in quarantine around the world, and consumer demand has fallen off a cliff as people are holed up with only basic necessities.Paired with the awful Purchasing Managers’ Index numbers published by the National Bureau of Statistics and the China Federation of Logistics and Purchasing, as well asearly U.S. indicators, we’re about

Bitcoin Price Soars 15% to $7.2K But Breaking $8K Won’t Be Easy

Source Node: https://cointelegraph.com/news/bitcoin-price-soars-15-to-72k-but-breaking-8k-wont-be-easy
Time Stamp: April 2, 2020 1:43 PM - Modified On: August 29, 2021 - Published By:
Source Cluster:
Republished By Plato

Bitcoin (BTC) is trading at $7,106 representing an impressive 14.7% gain in the last 24 hours and 6.8% for today. Other global markets are also up off the back of President Trump’s comments around the likelihood that crude oil production will be cut back, which is one of the triggers which caused Bitcoin to slide from $9K to $8K in early March.Looking at performance relative to its peers, Ether (ETH) and XRP both continue to underperform versus Bitcoin as was the case last week. Bitcoin dominance remains at 66%. Cryptocurrency market