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Japan: Operator Of GMO Exchange Promises To Improve Data Security After Regulator Order

Japan: Operator Of GMO Exchange Promises To Improve Data Security After Regulator Order

BITCOIN
Please share if you find this article interesting. Japan: Operator Of GMO Exchange Promises To Improve Data Security After Regulator Order GMO Internet, the operator of Japanese crypto exchange GMO Coin, has announced the establishment of a “Group Information Security Audit Office” in order to develop stronger security measures to protect customer information, according to a March 30 press release. GMO Coin was one of the crypto exchanges that was sent a business improvement order by Japan’s Financial Services Agency (FSA) after a series of on-site inspections prompted by the January hack of crypto exchange Coincheck. GMO Internet’s new group, run by “knowledgeable security expert” Takeshi Miyazaki, will include an external advisor on security as well. The establishment of this g
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Crypto Still Tax Free in Korea but Regulators Have Set Timeframe for Taxation – Bitcoin News

Crypto Still Tax Free in Korea but Regulators Have Set Timeframe for Taxation – Bitcoin News

BITCOIN
Please share if you find this article interesting. Crypto Still Tax Free in Korea but Regulators Have Set Timeframe for Taxation - Bitcoin News Regulation Cryptocurrency transactions are still tax-free in South Korea due to a lack of tax regulations. As the law stands, citizens are able to profit millions of won from cryptocurrencies without being required to pay taxes on them. However, the regulators have set a tentative timeframe for the introduction of the crypto tax law. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Still No Tax on Crypto Transactions A lawyer in his early 40s recently revealed that he “made a profit of nearly 30 million won last year on investments in bitcoin and ether, but he did not pay any tax on virtual currency
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Wendy McElroy: How Centralized Exchanges Intend to Devastate You – Bitcoin News

Wendy McElroy: How Centralized Exchanges Intend to Devastate You – Bitcoin News

BITCOIN
Please share if you find this article interesting. Wendy McElroy: How Centralized Exchanges Intend to Devastate You - Bitcoin News Featured The Satoshi Revolution: A Revolution of Rising ExpectationsSection 2: The Moral Imperative of PrivacyChapter 6: Privacy is a Prerequisite for Human Rights How Centralized Exchanges Intend to Devastate You. Chapter 6, Part 6. The root problem with conventional currency is all the trust that’s required to make it work…We have to trust them [third parties] with our privacy, trust them not to let identity thieves [including government] drain our accounts.– Satoshi Nakamoto Satoshi never envisioned centralized exchanges. The spectacle would have appalled him. Bitcoin was forged to avoid centralized third parties, such as banks and centralized
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Crypto Markets Experience Slight Uptick After Week Of Lows

Crypto Markets Experience Slight Uptick After Week Of Lows

BITCOIN
Please share if you find this article interesting. Crypto Markets Experience Slight Uptick After Week Of Lows The crypto markets are seeing a slight upward trend Saturday, March 31, after hitting monthly lows this week, according to data from Coin360. Bitcoin (BTC) is above $7,000 again, trading for around $7,140 and up over 2 percent over a 24 hour period to press time. BTC saw a 24 hr low today of $6,623, and is currently trading 8 percent higher. Ethereum (ETH) is also in the green, up almost 3 percent over a 24 hour period and trading at around $406 by press time, up from a 24-hour low of $371.  All of the top ten coins listed on CoinMarketCap are showing positive gains, with Stellar (XLM) showing the most growth, over 13.5 percent on the day, trading at an average of $0.2
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Company Enables Artists to Sell Unlimited Concert Tickets by Using Blockchain-Powered VR

Company Enables Artists to Sell Unlimited Concert Tickets by Using Blockchain-Powered VR

BITCOIN
Please share if you find this article interesting. Company Enables Artists to Sell Unlimited Concert Tickets by Using Blockchain-Powered VR Millions of tickets are sold yearly for musiс fans to see artists of all calibers, from small venues to large arena concerts. However it is not physically possible for every fan to be able to see their favorite artist; the more popular they are, the more people miss out, as venues quickly reach capacity. Yet virtual reality company CEEK are looking to change this and tackle the issue of demand outstripping supply in live music. Viewing the concert through a headset According to CEEK, by allowing artists to sell unlimited ‘virtual’ tickets for fans to view the concert through a headset, the company have removed the upper limit (and therefore l
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China to Strengthen Cryptocurrency Regulations in 2018

China to Strengthen Cryptocurrency Regulations in 2018

BITCOIN
Please share if you find this article interesting. China to Strengthen Cryptocurrency Regulations in 2018 Regulation The People’s Bank of China (PBOC)’s Institute of International Finance has released a report identifying cryptocurrencies as a top priority for 2018. The document claims that widespread retail investment into cryptocurrencies has the potential to pose systemic risk to the Yuan, and also emphasizes the PBOC’s intention to expand its research and development into cryptocurrencies. Also Read: FBI Warns of Crypto Scammers Posing as Exchange Support Staff  Strengthening of Virtual Currency Regulations Top Chinese Monetary Policy for 2018 The report emphasizes the risks perceived to be associated with virtual currencies by the Chinese government – specifically the p
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Markets Update: Cryptocurrencies Lose Over 20 Percent This Week – Bitcoin News

Markets Update: Cryptocurrencies Lose Over 20 Percent This Week – Bitcoin News

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Please share if you find this article interesting. Markets Update: Cryptocurrencies Lose Over 20 Percent This Week - Bitcoin News Market Updates The market value of all cryptocurrencies within the digital asset economy has dropped significantly over the past few days. Since the last year’s all-time high, most cryptocurrencies have lost between 60-70% of those gains. While lots of coins are following suit in relative unison with BTC/USD market losses, some digital currencies have received more severe cuts in value. Also read: Bitkan CEO Discusses China, Bitcoin Cash, and the ‘K Site’ Bull Traps, Bear Runs, and Falling Knives The digital currency bear market is still in full swing this week even though many cryptocurrency enthusiasts are begging for the storm to end. Meanwhile
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Japanese Crypto Exchange GMO Vows to Improve After Regulator Orders Upgrades – Bitcoin News

Japanese Crypto Exchange GMO Vows to Improve After Regulator Orders Upgrades – Bitcoin News

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Please share if you find this article interesting. Japanese Crypto Exchange GMO Vows to Improve After Regulator Orders Upgrades - Bitcoin News Featured The cryptocurrency exchange subsidiary of the Japanese internet giant GMO has detailed its plans to improve its operations. GMO Coin has submitted a business improvement report to the country’s financial regulator. GMO Internet has also set up an information security audit office for the entire group. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies GMO Strengthens Operations and Security GMO announced on Friday the establishment of its Group Information Security Audit Office “to strengthen information security management and audit function in the whole group.” The company wrote: We will pr
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Everything You Were Afraid to Ask About Crypto Taxes

Everything You Were Afraid to Ask About Crypto Taxes

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Everything You Were Afraid to Ask About Crypto Taxes Busayo Ogunsanya is the CEO of AMUS Inc., an artificial intelligence tax platform, and the managing partner of BigAppleTaxReturn, a CPA firm in New York. The following article is an exclusive contribution to CoinDesk's Crypto and Taxes 2018 series. Many cryptocurrency investors have made a fortune the past several years selling high-flying bitcoin and other cryptocurrencies for cash. Unfortunately, far too many of them in the U.S. did not report this taxable income to the IRS. The agency figures hundreds of thousands of U.S. residents did not report income from sales or exchanges of cryptocurrency and it might be able to collect several billion dollars in back taxes, penalt...
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PR: VR Casino OKO Is a New Project Based on OKOIN Tokens – Bitcoin News

PR: VR Casino OKO Is a New Project Based on OKOIN Tokens – Bitcoin News

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Please share if you find this article interesting. PR: VR Casino OKO Is a New Project Based on OKOIN Tokens - 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. VR Technology, the founder of the OKOIN, is launching a new project based on the same name token – VR Casino OKO. This is the third blockchain project, which tokenomics is based on the OKOIN tokens. Two predecessors are VR Platform OKO (the platform for distributing interactive VR adult movies) and OKO Pay (the payment system for VR Technology partners thro