US Crypto Investors Incurred $5.7 Billion in Unrealized Losses Last Year

US Crypto Investors Incurred $5.7 Billion in Unrealized Losses Last Year
Source: Bitcoin.com

The results of a survey published by Credit Karma estimate that crypto investors in the U.S. realized losses of approximately $1.7 billion during the previous tax season. Additionally, the report finds that U.S. investors incurred a further $5.7 billion in unrealized losses. Also Read: Plaintiff in AT&T SIM-Swapping Case Sues ‘Bitcoin Bandit’ for $81M US Cryptocurrency Investors Realized $1.7B in Losses During 2018 According to a survey conducted by Credit Karma, investors based in the United States realized a combined loss of roughly $1.7 billion during 2018, equating to an average of $718 per person. The participants comprised 1,009 U.S. cryptocurrency investors aged 18 or older who were questioned during November 2018. The survey found that only 53 percent of investors had decided that they would report their cryptocurrency gains and losses on their tax returns. A further 19 percent of…

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What Are Crypto Executives Still Positive About After Massive 80% Bitcoin Drop?

What Are Crypto Executives Still Positive About After Massive 80% Bitcoin Drop?
Source: Dailysatoshi.com

By CCN.com: In 2018, with the exception of Bitcoin and several other crypto assets, the majority of cryptocurrencies fell by more than 90 percent against the U.S. dollar. Executives in the crypto space, especially those leading new initiatives and businesses in the emerging industry, believe that the bear market has presented companies with positive opportunities The post What Are Crypto Executives Still Positive About After Massive 80% Bitcoin Drop? appeared first on CCN The post What Are Crypto Executives Still Positive About After Massive 80% Bitcoin Drop? appeared first on Your Daily Satoshi.

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5 copy trends: the cringe, the funny and the awesome

Source: Crypto-news.net

Copying other people’s mistakes can lead to groundbreaking innovations and even aid the human ability to adapt, research shows. Even animals and birds acquire some of their vital life skills and knowledge through low-cost copying. That’s because the individuals we tend to copy are typically top performers in their field, so we automatically skip the time-consuming trial and error stage. Copying is such a huge part of today’s society that we had to draw a list of the top 5 hottest copy trends that shaped 2018 and we expect to see in 2019. #01: China has created perfect copies of Europe’s prettiest capitals China’s love for Europe has given rise to a bizarre copy trend known as “duplicature”, which aims to create flawless copies of foreign cities with impressive architectural heritage. Thanks to this, the Chinese have their own Paris,…

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Ford Motor Company Rolls Out Blockchain on IBM for Cobalt Supply Chain Transparency

Ford Motor Company Rolls Out Blockchain on IBM for Cobalt Supply Chain Transparency
Source: Coinidol.com

Jan 20, 2019 at 15:28 // News The Ford Motor Company, IBM, RCS Global, Huayou Cobalt and LG Chem are considering employing blockchain to track and corroborate ethically sourced minerals. They aim at creating an open, industrywide network to track and confirm minerals and other significant materials for the automotive and consumer electronics sector in their supply chains. According to a report by Forbes, the first work will deal with creditworthy sourcing of industrially-mined cobalt.    Lisa Drake, Vice President, Global Purchasing and Powertrain Operations, Ford Motor Company revealed:    “We remain obligated to transparency across our global supply chain.”  “By working with other top industries in this network, our aim is to use state-of-the-art technology to guarantee materials produced for our vehicles will aid meet our dedication to shielding human rights and the environment.”    Cobalt    Cobalt, a…

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The Case for Universal Basic Income Gains Strength As Recession Fears Deepen

Source: Coinjournal.net

Britain’s protracted and problematic Brexit from the European Union, coupled with China’s falling exports and America’s record trade deficit, has deepened fears of a recession at the start of 2019. Those looking beyond the doom and gloom believe the case for universal basic income (UBI) is getting stronger by the day – and now technological advancements […] The post The Case for Universal Basic Income Gains Strength As Recession Fears Deepen appeared first on Coinjournal.

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What’s The Difference Between Trump’s Immigration Compromise And a Communist Police State?

What’s The Difference Between Trump’s Immigration Compromise And a Communist Police State?
Source: Dailysatoshi.com

Donald Trump’s big announcement Saturday wouldn’t be the first time the word “compromise” was used as a euphemism for the government. Stealing even more of your money to pay for both big corporate political parties’ wish lists and all their friends and corporate sponsors. The big compromise is: Donald Trump gets to spend five billion The post What’s The Difference Between Trump’s Immigration Compromise And a Communist Police State? appeared first on CCN The post What’s The Difference Between Trump’s Immigration Compromise And a Communist Police State? appeared first on Your Daily Satoshi.

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Crypto Investment Firm 1confirmation Wants to Launch Second Fund

Crypto Investment Firm 1confirmation Wants to Launch Second Fund
Source: Btcmanager.com

One of the earliest cryptocurrency venture capital firms in the world, 1confirmation, is looking to raise as much as $60 million for a new fund, according to a report by The Wall Street Journal published on January 17, 2019. Heavy Hitters back Long-Standing Firm While bitcoin is still hovering well under $4,000 as of press time, a far cry from…Read More. The post by Neil Matthew appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Hacked Customer Data From World Leading Cryptocurrency Exchanges For Sale On The Dark Web?

Hacked Customer Data From World Leading Cryptocurrency Exchanges For Sale On The Dark Web?
Source: Dailysatoshi.com

On a darknet market called “Dread,” a vendor going by “ExploitDOT” is attempting to sell user data from the know-your-customer (KYC) data top cryptocurrency exchanges ask for, required by most jurisdictions. According to data shared with CCN, the hacker has an ad that has been online since July 2018, in which he claims to have The post Hacked Customer Data From World Leading Cryptocurrency Exchanges For Sale On The Dark Web? appeared first on CCN The post Hacked Customer Data From World Leading Cryptocurrency Exchanges For Sale On The Dark Web? appeared first on Your Daily Satoshi.

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What Threats are Cryptocurrency Exchanges Currently Struggling With?

What Threats are Cryptocurrency Exchanges Currently Struggling With?
Source: Coinidol.com

Jan 20, 2019 at 13:14 // News The crypto market has been pretty bearish over all of 2018. Many investors lost faith in crypto and gave up trading. Digital currency exchanges have had a lot of troubles over this period too.  Apart from low trading volumes and insufficient user activity, what are the other threats that crypto exchanges have to deal with? Are Crypto Exchanges Doomed?    Crypto exchanges, which were booming during the bull market, have had to face an unpleasant reality and survive in the conditions of paltry market caps. As for the future, the situation may become even more challenging, as competition for a customer will only increase.    According to the Blockchain Transparency Institute (BTI), which released its report in November, only four digital currency exchanges had more than 100,000 active users. The BTI defined “active users”…

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Cardano Price Momentum Sours Following Bearish Bitcoin Trend

Cardano Price Momentum Sours Following Bearish Bitcoin Trend
Source: Themerkle.com

Even though everyone knew a next wave of bearish momentum would materialize eventually, some currencies are getting battered rather severely. The Cardano price has already lost over 7% in just a few hours. It is expected this trend will continue throughout the day, as Bitcoin’s value is tanking as well. This is not the development Cardano holders are hoping for, yet there is no recourse as of right now. Cardano Price Drops Following Major Dump Whenever the value of Bitcoin goes in the red, all other markets will follow pretty quickly. This is the unfortunate side of cryptocurrency. Every other market relies on Bitcoin’s momentum, even though some communities will gladly claim otherwise. In the case of Cardano, it is evident this altcoin will only note momentum when something happens to Bitcoin. That works both ways, and the current momentum…

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Washington State County Doubles Down on Cryptocurrency After Mining Bust

Washington State County Doubles Down on Cryptocurrency After Mining Bust
Source: Bitcoinist.com

After the boom, backlash, and (partial) bust of Bitcoin in central Washington, one might expect an aversion to the technology. But instead, one authority wants to capitalize on the resources left in the aftermath, to promote new growth in blockchain. A Story Sad To Tell Central Washington’s story is not uncommon in the cryptocurrency world. A cool climate and a shed-full of cheap hydro-electric power attracted speculators from as far away as China. The new cryptocurrency gold-rush promised a rebirth for this sleepy rural part of the United States. But when cryptocurrency prices dropped, so did the area’s fortunes. Companies over-leveraged through ambitious expansion plans, found themselves facing bankruptcy. While at the same time, the public backlash caused some authorities to take measures such as increasing electricity costs for miners. But Douglas county has taken an alternative tack. Speculate To…

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The Daily: Coinspot Launches OTC Desk, Bitdeer Expands in Eastern Europe

The Daily: Coinspot Launches OTC Desk, Bitdeer Expands in Eastern Europe
Source: Bitcoin.com

Crypto exchange Coinspot has launched an over-the-counter trading desk in Australia and you’ll find more about the platform in this edition of The Daily. Elsewhere, computing power-sharing platform Bitdeer.com is focusing on Eastern Europe through a partnership with the largest digital asset trader in the region, Exmo. And in the U.S., expired Mccoins will get you a Big King. Also read: Sapphire Develops GPU for Grin, TSMC Sees Drop in Mining Revenue Crypto Exchange Coinspot Offers OTC Services to Australian Traders Australian cryptocurrency exchange Coinspot has announced the launch of its dedicated over-the-counter (OTC) trading desk. The platform will be able to process high-volume transactions for its members without the need to use the traditional public order books. The idea behind the project is to solve problems of liquidity for traders who want to deal in larger quantities. The company…

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Oceans Apart: Crypto Regulation in the US and EU

Oceans Apart: Crypto Regulation in the US and EU
Source: Coindesk.com

Noelle Acheson is a veteran of company analysis and member of CoinDesk’s product team. The following article originally appeared in Institutional Crypto by CoinDesk, a newsletter for the institutional market, with news and views on crypto infrastructure delivered every Tuesday. Sign up here. ————————–————————–————————–————————–————————–————————– Spare a thought for the financial regulators: the American ones, with no paycheck during the government shut-down and a whopping backlog awaiting when they eventually get back to work; and the European ones, with a fragmenting union, disjointed capital markets and a glut of new rules seeping through the labyrinthine halls of power. Now, compare the very different approaches to crypto asset regulation from each side of the Atlantic. While the U.S. Securities and Exchange Commission (SEC) is contemplating the bigger picture and working on drawing up sector-wide rules, it is also passing judgment and handing out punitive fines….

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NEO Price Reaches $8 Following “Dating dApp” Beta Release

NEO Price Reaches $8 Following “Dating dApp” Beta Release
Source: Themerkle.com

Although it would appear all discussions pertaining to NEO have quieted down a bit, that is not necessarily the case. Some very interesting and peculiar developments have come to light in recent weeks. As such, it is only normal the NEO price continues to move ahead ever so slightly. The main question is whether or not the value of $8 can be sustained for much longer. NEO Price Needs Stability at $8 The year 2019 hasn’t been off to the best of starts for most cryptocurrencies. That is not entirely abnormal, as most of 2018 resulted in ongoing bearish pressure as well. It has been some time since the value per NEO approached the $150 level and it seems that price will not be reached again anytime soon either. For people who bought at the top, that is not the…

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Executives of Korean Exchange Sentenced to Jail for Faking Volumes

Executives of Korean Exchange Sentenced to Jail for Faking Volumes
Source: Bitcoin.com

Two executives of a South Korean cryptocurrency exchange have reportedly been sentenced to jail for inflating trading volumes on their exchange. The pair allegedly used a bot to fake large orders in both cryptocurrencies and Korean won. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Prison Sentences Two executives of South Korean cryptocurrency exchange Komid were sentenced to jail on Thursday “for their roles in orchestrating fraudulent trading volume reports on their platform,” The News Asia reported. One of the executives is the CEO of the exchange, Choi Hyunsuk. He received a three-year prison sentence while the other executive received a two-year jail sentence, Maekyung publication detailed, asserting: This is the first time a representative of a virtual currency exchange has been sentenced to prison for allegedly inflating trading volumes. Komid began operations on Jan. 5…

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8 Crypto Debit Cards You Can Use Around the World Right Now

8 Crypto Debit Cards You Can Use Around the World Right Now
Source: Bitcoin.com

Cryptocurrencies are gradually becoming a viable payment option across a range of markets and jurisdictions. If there is a tool that significantly expands the usability of digital coins in a world still dominated by traditional payment systems, it’s the crypto debit card. A growing number of reliable platforms offer the fintech product to bitcoin enthusiasts. Also read: Crypto Cards Are Legal in Russia, According to the Finance Ministry Established Crypto Card Providers in the U.S. Bitpay, which processed over $1 billion in payments during a bearish 2018, offers users in all U.S. states a convenient way to spend their cryptocurrencies online and in store. Its prepaid Visa card is tied to a cryptocurrency wallet that supports instant conversion from bitcoin core (BTC) and bitcoin cash (BCH) to U.S. dollars and local fiat currencies outside the country. Bitpay’s crypto card is available…

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Lightning Network Co-Creator Is Designing a Scaling Solution Called Utreexo

Lightning Network Co-Creator Is Designing a Scaling Solution Called Utreexo
Source: Bitcoin.com

A blockchain researcher has been working on a scaling effort for the unspent transaction output set found in the Bitcoin protocol. According to Tadge Dryja’s recently published description of research, the software engineer is working on a dynamic accumulator called Utreexo. The project could theoretically allow network participants to verify the state of the chain’s consensus rules with smaller sets of cryptographic proof. Also read: Venezuelan BCH Proponents Bolster Cryptocurrency Use Cases and Adoption Utreexo Could Allow Bitcoin Full Nodes on a Mobile Phone Tadge Dryja from MIT and the Digital Currency Initiative.A few years after Bitcoin was born, developers and network participants discovered the protocol needed to scale in order to facilitate transactions for a growing number of users. The software stores a record of every transaction and all the newly minted coins within a distributed ledger. This makes full…

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