Please share if you find this article interesting. Subsidiary of Canadian Stock Exchange Operator To Open Crypto Brokerage Service Canadian stock exchange operator TMX Group announced that its subsidiary, Shorcan DCN, has entered into an agreement with Paycase Financial to launch a cryptocurrency brokerage service, a press release stated March 22. TMX Group is best known as the operator of the Toronto Stock Exchange (TSX) and Paycase Financial is a decentralized financial services provider based out of Toronto. The new initiative is planned to launch in the second quarter of 2018 and will establish a cryptocurrency brokerage platform focusing on Bitcoin (BTC) and Ethereum (ETH). With this partnership, Shorcan DCN intends to combine its expertise of financial services in Canadian ...
Please share if you find this article interesting. IRS Warns Taxpayers To Include Crypto On Income Tax Returns The US Internal Revenue Service (IRS) released a memo March 23, reminding US citizens of the need to report their digital currency earnings on their income tax returns. The IRS notes that Notice 2014-21 defines digital currencies as property, and they are thus subject to federal property taxes. Those who fail to report their crypto earnings can be “liable for penalties and interest,” and “in more extreme situations [...] criminal prosecution.” The recent memo highlights the “inherently pseudo-anonymous aspect” of cryptocurrency transactions, which the organization believes may lead some taxpayers to be “tempted to hide taxable income from the IRS.” In 2017, only .04 perc
Please share if you find this article interesting. Couldn't Make it to Tokyo? Check Out the Satoshi's Vision Live Stream - Bitcoin News Promoted On March 23-25 the bitcoin cash-centric event Satoshi’s Vision Conference is taking place in Tokyo, Japan. However, not everyone could make it to the conference so Bitcoin.com is live streaming the event presentations. Also Read: Study: 70% of Crypto Exchanges Allow Weak Passwords Satoshi’s Vision Conference Streaming Live at Bitcoin.com This week the Bitcoin Unlimited development team hosted the Satoshi’s Vision Conference (SVC) in Tokyo Japan. The conference is dedicated to the bitcoin cash ecosystem and bolstering on-chain scaling. Bitcoin.com wants everyone to get a chance to listen to all the great speakers this year in Tokyo s
Please share if you find this article interesting. Bitcoin Adoption Grows in Ugandan Capital City of Kampala Emerging Markets Abc News has published a report detailing the rising popularity of bitcoin among the citizenry of the Ugandan capital city of Kampala. The report describes many Ugandan bitcoin adopters as professionals seeking a supplementary income, in addition to jobless millennials seeking a means to escape a life of minimal economic opportunity. Also Read: Study: 70% of Crypto Exchanges Allow Weak Passwords Ugandan Citizens Embrace Bitcoin Stephen Kaboyo of Ugandan financial services firm Alpha Capital Partners, states that “it is not wise to dismiss cryptocurrencies at this stage.” Cryptocurrency investors must understand the risks before investing in “a hugely
Please share if you find this article interesting. Meet Safewords – Distributed Backup for Cryptocurrency Keys - Bitcoin News Reviews On the first day of the three-day event Satoshi’s Vision Conference in Tokyo the creator of a project called Safewords presented a new solution to safeguard cryptocurrency ”passwords”. Safewords is a 2-out-of-3 distributed backup kit for your mnemonic seed words. Also read: Zhao Dong Recounts How He Lost 9,000 BTC Safewords – a 2/3 Distributed Backup Kit for Private Keys This week the founder and CEO of the company Coin Storage Guru, Brenden Lee introduced his new project ‘Safewords.’ The product is a 2-out-of-3 distributed backup kit for private keys. Lots of cryptocurrency holders have written down 12-24 words for their mnemonic seed on a p
Please share if you find this article interesting. China: IT Ministry To Create Committee For Blockchain Standards, Domestic And International The Chinese Ministry of Industry and Information Technology (CMIIT) has published a list of objectives to encourage the development and standardization of the technology sector, including Blockchain, according to a document released March 23. The document begins with an objective to “promote the establishment of […] the National Blockchain Distributed Accounting Technology Standardization Committee” and further states that the committee will recommend standards “in Blockchain reference architectures, data format specification, interoperability, and smart contracts.” The document also states that the new Committee will promote the creation
Please share if you find this article interesting. Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS: Price Analysis, March 23 The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The pullback in cryptocurrencies could not sustain as fears of a clampdown by the regulators again sent them crashing down. The latest news came from the Japan Financial Services Agency, as it issued a warning for Binance, the largest cryptocurrency exchange by volume, for operating in Japan without a license. Binance, which was founded in...
Please share if you find this article interesting. Following New Jersey, Tennessee Warns Consumers About Steven Seagal-Backed ‘Bitcoiin’ The Tennessee Department of Commerce & Insurance (TDCI) Securities Division has issued a warning Thursday, March 22 to Tennessee consumers about the cryptocurrency Bitcoiin or Bitcoiin2Gen, known for being endorsed and promoted by celebrity Steven Seagal. The TDCI's alert addresses the actions taken by the State of New Jersey against the cryptocurrency company, which reportedly had promoted securities that were not registered in either state. New Jersey’s Bureau of Securities had issued a cease and desist order March 7, 2018 stating that Bitcoiin offered securities, as defined by N.J.S.A. 49: 3-49(m), that were not registered with the Bureau.
Please share if you find this article interesting. US: Hackers Shut Down Government Computers In Atlanta, Demand Bitcoin Hackers have shut down key computer systems in the US city of Atlanta, Georgia and are demanding $51,000 in Bitcoin to reenable the affected systems, Fortune reports today, March 23. Atlanta’s Mayor Keisha Lance Bottoms announced the attack in a press conference on Thursday, March 22. She told members of the press that officials “don’t know the extent [of the attack] or if anyone’s personal data or bank accounts will be compromised. All of us are subject to this attack.”The attack was first discovered at 5 a.m. on March 22. The City of Atlanta noted that the “outages” were affecting systems some customers use to pay bills and access court-related information.
Please share if you find this article interesting. Malta Prime Minister Welcomes Binance to Its “Blockchain Island” - Bitcoin News Regulation The world’s largest cryptocurrency has found a new home on one of the world’s smallest island states. Prime Minister Joseph Muscat warmly welcomed the cryptocurrency platform and spoke of his desire for Malta to become “global trailblazers in the regulation of blockchain-based businesses and the jurisdiction of quality and choice for world class fintech companies”. Colleagues joined him in welcoming Binance and spoke of a desire for Malta to become known as “the blockchain island”. Also read: Zhao Dong Recounts How He Lost 9,000 BTC Malta Bids to Become Blockchain Island to Switzerland’s Crypto Valley If Zug in Switzerland is Europe’s