Wednesday, January 16Your Daily Bitcoin & Altcoin News Portal

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Coinbase Accused of Technical Incompetence After Hoarding Millions of UTXOs – Bitcoin News

Coinbase Accused of Technical Incompetence After Hoarding Millions of UTXOs – Bitcoin News

BITCOIN
Please share if you find this article interesting. Coinbase Accused of Technical Incompetence After Hoarding Millions of UTXOs - Bitcoin News Featured The Coinbase development team has been accused of “technical incompetence” after amassing millions of UTXOs through careless housekeeping. Unspent Transaction Outputs, or UTXOs, are the change that’s left after sending a bitcoin payment. Wallet providers are supposed to sweep these crumbs up and bundle them in with future transactions. Coinbase, it transpires, has been hoarding its, creating an expensive digital mess, and raising questions as to its readiness to implement scaling solutions. Also read: A Ledger X Bitcoin Contract is Still Pegged for $50K Amid This Week’s Price Decline Coinbase: Dust Collectors Par Extraordinair
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Managing Savings In Zero Interest or Inflationary Economy

Managing Savings In Zero Interest or Inflationary Economy

BITCOIN
Please share if you find this article interesting. Managing Savings In Zero Interest or Inflationary Economy The most recent potential nominee to the Federal Reserve, Marvin Goodfriend, is in favor of negative interest rates. In simple terms, if a retiree kept cash in a savings account, that money would slowly dwindle as negative interest rates ate into the principle. This type of scenario is not as far fetched as it may seem. Such a policy is possible among major government powers because central banks allow for arbitrary interest rate manipulation. What’s more, with central bank interest rates at zero or just above zero, the risk of inflation has risen to an all time high. Such inflation would further erode savings and devalue most major fiat currencies in the world. Additional
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The SEC Crackdown on Suspicious Cryptocurrencies Is Getting Serious – Bitcoin News

The SEC Crackdown on Suspicious Cryptocurrencies Is Getting Serious – Bitcoin News

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Please share if you find this article interesting. The SEC Crackdown on Suspicious Cryptocurrencies Is Getting Serious - Bitcoin News Regulation The U.S. Securities and Exchange Commission (SEC)’s investigation over shady behavior in the cryptocurrency market will only continue, said former chairman Harvey Pitt. Also Read: Popular Chat App Kakao’s Exchange Upbit Claims Number One Spot in South Korea Tighter Regulation on the Horizon SEC this Tuesday halted trading of The Crypto Co. over manipulation concerns after a massive stock leap. And the regulatory body’s cracking down on suspicious cryptocurrencies will only continue, according to former chairman Harvey Pitt who said Thursday on CNBC’s “Fast Money”: “We’re in line for some serious regulatory responses to all of this
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Cleaning Up the Crypto Markets: A Job for 2018

Cleaning Up the Crypto Markets: A Job for 2018

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Cleaning Up the Crypto Markets: A Job for 2018 Scott Ryan is a credit analyst and avid follower of the cryptocurrency markets. The following article is an exclusive contribution to CoinDesk's 2017 in Review. First things first: I'm quite fond of the Wild West environment in which we currently operate – the excitement and uncertainty are unparalleled by a night at the casino, let alone the current debt and equity markets. And while the current environment is wrought with misinformation, pump-and-dump traders and scam coins, at the same time, it's bursting at the seams with innovation, partnerships with blue-chip corporations and thought leaders of the modern era. Finding a treasure after sifting through so much garbage is exhila
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The Taxman Cometh: US, Russian Investors Face New Calls To Pay

The Taxman Cometh: US, Russian Investors Face New Calls To Pay

BITCOIN
Please share if you find this article interesting. The Taxman Cometh: US, Russian Investors Face New Calls To Pay Bitcoin traders face new tax obligations in the US and Russia as authorities keen to get a piece of the action begin ‘tweaking’ laws. As Fortune and others report today, a tax reform amendment Congress passed this week will oblige crypto-to-crypto handlers to pay tax on any gains.  The change in the status quo comes as a low-key change in legislation closes a loophole which previously allowed so-called “like kind exchanges” to occur tax-free. ‘Like kind’ exchanges allowed one cryptocurrency to be exchanged for another without triggering a taxable event, as long as fiat was not involved. This allowed capital gains to continue growing tax free. Now, however, that option
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Bitcoin, Ethereum, Bitcoin Cash, Ripple, IOTA, Litecoin, Dash: Price Analysis, December 22

BITCOIN
Please share if you find this article interesting. Bitcoin, Ethereum, Bitcoin Cash, Ripple, IOTA, Litecoin, Dash: Price Analysis, December 22 The views and opinions expressed here are solely those of authors/contributors 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. Over the last 24 hours, the crypto market has fallen by  more than 30 percent. There is a combination of events that might have triggered it. Litecoin’s founder selling all his coins in this rally is certainly a sentiment breaker. This might look like he believes the elevated levels were a good position to cash out completely. While his selling doesn’t end the future of Litecoin, it certainly
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Belarus Legalizes Cryptocurrencies and ICOs – Tax-Free for Five Years – Bitcoin News

Belarus Legalizes Cryptocurrencies and ICOs – Tax-Free for Five Years – Bitcoin News

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Please share if you find this article interesting. Belarus Legalizes Cryptocurrencies and ICOs - Tax-Free for Five Years - Bitcoin News Economy & Regulation The president of Belarus, Alexander Lukashenko, has signed a decree which legalizes cryptocurrencies, initial coin offerings (ICOs), and smart contracts. All crypto transactions and related income, including from mining, will be tax-free for the next five years. Also read: South Korea Clarifies Position After Reports of Possible Ban on All Crypto Transactions Legalizing Crypto Transactions and ICOs President Alexander Lukashenko announced on Friday that the decree “On the Development of Digital Economy” has been signed. He explained, “the main goal of the document is to create such conditions that global IT companies wou
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Mining Bitcoin in the US? Best Do It In Louisiana, Study Says

Mining Bitcoin in the US? Best Do It In Louisiana, Study Says

BITCOIN
Please share if you find this article interesting. Mining Bitcoin in the US? Best Do It In Louisiana, Study Says Electrical supply company Crescent Electric (CESCO) study reveals that the state of Louisiana is the cheapest state in the US to mine Bitcoin. Digital currency mining requires a lot of electric power and the power rates differ in every state. Based on CESCO’s latest study of the cost of cryptocurrency mining across the US, it is currently cheapest to mine Bitcoin in Louisiana -- electricity costs at 9.87 cents per watt puts the average cost of mining one Bitcoin at $3,224. This is significantly cheaper than the current price of Bitcoin, which is currently trading at around $12,000 per coin, as of press time. Where else in the US is it cheap to mine? In their study, CE
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PR: BlockMesh Disrupts the Global Communications Industry – ICO Will Launch 28 February, 2018 – Bitcoin News

PR: BlockMesh Disrupts the Global Communications Industry – ICO Will Launch 28 February, 2018 – Bitcoin News

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Please share if you find this article interesting. PR: BlockMesh Disrupts the Global Communications Industry – ICO Will Launch 28 February, 2018 - Bitcoin News This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Republic of Mauritius, BlockMesh, a software company based in Mauritius – utilizes the latest innovations in mesh networking technology to create cost-free communication networks and aim to disrupt the global communications industry in 2018. Mesh technology is a telecommunications system that can work outside of regular
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Stocks That Soared On Crypto News Are Also Sinking Today

Stocks That Soared On Crypto News Are Also Sinking Today

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Stocks That Soared On Crypto News Are Also Sinking Today Today's cryptocurrency market plunge has ensnared the prices of several publicly-traded companies that in recent days have sought to tout their work with cryptocurrencies and blockchain. Firms like Long Island Iced Tea (which this week declared that it would rebrand as "Long Blockchain Corp"), Riot Blockchain and LongFin are down, according to available market data. The developments are a notable one, given that the past days have seen numerous reports about little-known firms – some of which specialized in the sale of, say, iced tea or electronic trading tools – that see their stock prices jump virtually overnight once they announce that they are moving to develop products