Cryptocurrencies are slowly gaining popularity among users and are not going to give up. Despite the difficulties that were in 2018, more and more people are eager to purchase digital currencies for personal purposes and business. Now that cryptocurrencies are gaining an important place in our lives, it is time to seriously consider privacy and security issues. The robbery of the Japanese crypto exchange Coincheck for $ 530 million at the beginning of 2018 once again reminded the world that security issues should come first in the crypto industry. There are many risks associated with the purchase and use of…
Author: BlockchainJournal
The Canadian Tax Agency (CRA) intends to examine corporate declarations that ceased to exist as a result of the bankruptcy of the QuadrigaCX bitcoin exchange, The Globe and Mail reports. CRA sent a request for access to the tax reporting of the exchange from October 1, 2015 to September 30, 2018, that is, on the date when QuadrigaCX tentatively began problems with the withdrawal of funds. […]
The price of bitcoin (BTC) has fallen slightly from recent highs, but some analysts believe that losses can be recovered after the expected decrease in US interest rates by 25 basis points on Wednesday, writes Omkar Godball of Coindesk. Nigel Green, the founder and CEO of the consulting company deVere Group, believes that cryptocurrency can demonstrate growth in response to the Fed rate cut. Bitcoin will get a healthy price boost from the Fed this week: deVere CEO https://t.co/E7X7ygD0CB via @valuewalk – Nigel Green (@nigeljgreen) September 16, 2019 Anthony Pompliano, founder and partner of Morgan Creek Digital Assets, said in…
Wells Fargo & Company, an American financial company, will launch Wells Fargo Digital Cash, a pilot blockchain service for internal payments, based on Corda Enterprise. According to a press release, Wells Fargo Digital Cash will provide almost instant international transfers between company branches using digitized funds (tokens). The company has already tested the concept on transfers from the USA to Canada. The launch of the project is scheduled for 2020 […]
Wells Fargo, the fourth largest bank in the US, plans to introduce its own stablecoin in 2020, which will be used in cross-border transfers. The press release said that the new Wells Fargo platform will create an international payment network based on distributed ledger technology. With the help of this system, as well as the Wells Fargo Digital Cash asset, payments will be made. The stablecoin being developed will be pegged to the US dollar. Initially, the network will be used for internal calculations, after which it will be integrated with other applications. Lisa Fraser, representative of Wells Fagro, noted…
is set The volume of computing power in the Bitcoin blockchain this Monday reached a record value above 104 quintillion per second, according to Smartbit portal data. The record was fixed after approaching the level of 100 EH / s last week and the subsequent small rollback. Before the current growth period, which began in December and accelerated in June, the previous maximum was fixed at 60 EH / s in October 2018. As noted earlier, over the past three months , about 600,000 new ASIC miners have joined the Bitcoin network, which has led to a rapid increase in…
Lithuanian Narvesen branch stores and Lietuvos Spauda kiosks will sell bitcoin vouchers. It is reported by The Baltic Times. Vouchers will be exchanged on the Rebiton startup site. To do this, enter the email address and bitcoin wallet address. Identity documents are not required. You can purchase a voucher for 50, 100 or 999 euros. Recall that in February the post of Liechtenstein […]
On September 15, amendments to the law on the national payment system (NPS) entered into force in the Russian Federation. From now on, cash withdrawals from electronic wallets and prepaid cards will be possible only with simplified citizen identification. Terms of use have changed for such payment systems as QIWI Wallet, Yandex.Money, WebMoney and PayPal. Owners of web-based wallets can be authenticated through the government services portal or on the service website. Users will need to specify the data of the Russian passport and an additional document – for example, TIN or SNILS. At the same time, simplified identification will…
The world's largest trading platform Binance made a strategic investment in the blockchain startup Mars Finance, which began operations in 2018 and is behind the creation of the news portal Huoxing24.com, which specializes in cryptocurrencies. According to a publication from Bloomberg, whose representatives cite information from a press release, the exact amount invested by the crypto-exchange is unknown, but Mars Finance is estimated at $ 200 million. In addition to Binance, which first invested in a Chinese project, Mars Finance also financially supported Ceyuan Ventures and Matrixport, a financial startup created by Cihan Wu, co-founder of Bitmain. The launch of…
September 10, it became known that the Korean company LG is working on the launch of a smartphone with support for blockchain technology. How many days before this, its main competitor, Samsung, announced the release of its second blockchain phone from the Galaxy line. By the end of this year, several releases of such devices are planned at once, and, the competition involved a variety of companies – from leading manufacturers to startups and even crypto exchanges . What phones can already be bought and which will soon be on sale, Mining-Cryptocurrency.ru understood. In the mobile device industry, competition for…