Cryptocurrency Future | Is Cryptocurrency the Face of the Future?

A Cryptocurrency Future – What would that actually look like? A cryptocurrency or digital currency is essentially virtual funding managed by sophisticated encryption methods, collectively known as cryptography. It first manifested back in 2009 in the form of bitcoin and subsequently, there have been hundreds more that have followed. While the number of users of Bitcoin has been growing rapidly since its inception, it really became a subject of immense media scrutiny in April of 2013 when it reached a record peak of $266 per coin which was a 10-fold…

Japanese Crypto Investors To Pay Tax Of Up To 55 Perce… | News

Japanese cryptocurrency investors will pay between 15 and 55 percent on their profits declared on their annual tax filings this year, Bloomberg reports Thursday, Feb. 8. The Japanese National Tax Agency had already ruled “last year” that capital gains on transactions of virtual currency are considered “miscellaneous income,” Bloomberg writes. The tax on cryptocurrency profits is higher than the around 20 percent tax levied on profits from stocks and foreign currencies, with the higher percentage tax applying to those who earn more than 40 mln yen a year (about $367,600).…

Arizona to Accept Cryptocurrencies for Taxes

Another day, another cryptocurrency announcement. At this point, most countries, cities, and states appear to be divided into two parties regarding the cryptocurrency sector: those who support it, and those who are against it. Today, we found out where the state of Arizona stands within this discussion. What Happened? Arizona appears to be team cryptocurrency. The public has now been informed that the Arizona Senate has passed a new bill which states that residents in the state will be able to pay their taxes with both bitcoin and a variety…

A New All-in-One Mining Platform Promises Leading Tech… | News

At the time of writing, it could take over a thousand years to mine an entire block on the Bitcoin Blockchain using consumer grade hardware. One whole block is the minimum amount required to mine in order to receive adequate compensation for your work. To address this issue, Oasis Mining, a new pool-mining platform promises the lowest costs, and highest Return On Investment (ROI). Joining forces If you live in the Western Hemisphere, it is likely that electricity costs are high enough that the prospect of getting involved in Bitcoin…

Hong Kong Regulator: We’ll ‘Continue To Police’ Crypto… | News

Hong Kong’s financial regulator vowed to keep “policing” cryptocurrency and ICO markets Friday during a fresh warning to potential investors. In an announcement from the territory’s Securities and Futures Commission (SFC), CEO Ashley Alder said that following a vetting of exchanges and ICO providers for compliance, “market professionals” should also play their role in ensuring the legality of token issuance and exchange. This echoes similar sentiments from US regulator the Securities and Exchange Commission (SEC) in December. “We will continue to police the market and enforce when necessary,” he commented.…

failure is not an option – The Coinbase Blog

Thanks, Brian. My number one priority for Coinbase is providing our customers with a great experience. We have been failing at this and it is totally unacceptable. It’s no excuse but we think we owe you an explanation of what happened in 2017, what we’ve done and what we are doing to fix the issues. The Coinbase customer base grew significantly last year and we began substantial efforts to scale all of our teams and systems to meet this growth. Brian publicly committed to focusing on the fundamentals and to…

Coinbase Product Update — February 5, 2018 – The Coinbase Blog

Our mission is to make Coinbase the most trusted, safe, and easy-to-use digital currency exchange. We believe actions speak louder than words, so going forward we will be publishing weekly product updates on our blog, explaining new features we’ve shipped, issues that have come up and been resolved, and product changes that impact your Coinbase experience. Identity verification improvements We saw record sign ups and activity in December. As a result of this growth, our identity verification systems were overwhelmed and many customers experienced significant delays in verifying their photo…

Improving identity verification on Coinbase – The Coinbase Blog

Coinbase has experienced significant growth over the last few months. As a result, many customers have had a poor experience with identity verification, payments and customer support. This is frustrating for customers — and for our team. Today we wanted to provide an update on our recent improvements to identity verification on Coinbase. Faster, more reliable ID verification through machine learning We are now using machine learning for ID verifications. In most cases, verification will now take seconds — not hours. We have also integrated an additional ID verification vendor to help with increased loads…

SEC Hints at Tighter Regulation for ICOs, Smart Polici… | News

During the US Securities and Exchange Commission (SEC) and Commodities and Futures Trading Commission (CFTC) senate hearing on February 6 2018, SEC chairman Jay Clayton emphasized that initial coin offerings (ICOs) will be met with tighter regulations, while true cryptocurrencies will be embraced with smart policies. Hard for ICOs At the senate hearing (as previously reported by Cointelegraph) Jay Clayton noted that every ICO token the SEC has seen so far is considered a security and explained that if a crypto-asset issued by a company increases in value over time…

Warren Buffett-Owned Railroad Joins Blockchain Transport Consortium

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. It may be the closest the billionaire investor ever gets to bitcoin. Berkshire Hathaway-owned BNSF, a US and Canadian railway based in Ft. Worth, Texas, is the newest member of the Blockchain in Transport Alliance (BiTA), which is comprised of 200-plus freight and logistics plays that are interested in incorporating distributed ledger technology into their industry. While blockchain is the tech that underpins bitcoin, Warren Buffett, who for ages refrained from investing in many high-tech companies in…