Cambridge Analytica, a British data analytics firm, was planning to raise as much as $30 million by issuing a new cryptocurrency through an ICO before it got swept up in a scandal surrounding the misuse of Facebook Inc. personal data, sources familiar with the matter told Reuters on Tuesday. Cambridge Analytica had approached a company […]
Global digital security firm Avast will be demonstrating the risks posed to smartphones and IoT devices by cryptojacking. The company has a stall at the RSA 2018 conference being held this week and will be performing live demonstrations mining Monero. Cryptomining Poses Risks to More Than Just Computer Uses The demonstration hopes to show people […]
As part of an effort to protect cryptocurrency investors and bring greater transparency into how cryptocurrency exchanges operate, New York Attorney General Eric Schneiderman has sent letters to 13 virtual currency exchanges requesting they disclose key information about their operations. “With cryptocurrency on the rise, consumers in New York and across the country have a […]
Blockchain is sizzling amid escalating media hype about its vast potential applications in finance, supply-chain management, healthcare, and even the music business. Now, a trio of former Google executives have launched a new blockchain community whose goal is to develop and promote blockchain initiatives. The xGoogler Blockchain Alliance (GBA) is comprised of blockchain project managers, investors, […]
The e-commerce giant describes how merchants and law enforcement could make a bitcoin transaction stream more valuable by splicing it with other data.
Bitcoin price dove below $7,900 on Tuesday after the New York Attorney General’s office announced that it had opened an inquiry into the cryptocurrency exchange industry. The flagship cryptocurrency had traded above $8,000 for most of the day, with many analysts arguing it would embark on a bull run now that tax season is coming […]
International insurance broker Marsh is working with IBM to develop a commercial blockchain solution that will allow businesses to certify that the contractor they are about to hire has the proper, up-to-date insurance coverage necessary to begin work. The solution will be built on Hyperledger Fabric, an open-source permissioned blockchain framework, using IBM Blockchain Platform, […]
The post What is a Cryptocurrency? A Beginner’s Explanation appeared first on 99 Bitcoins. The term “cryptocurrency” is a contraction of “cryptographic currency.” In March 2018, Merriam-Webster announced that they would include this term in their dictionary. Their definition is as follows: cryptocurrency noun cryp·to·cur·ren·cy \ ˌkrip-tō-ˈkər-ən(t)-sē , -ˈkə-rən(t)-sē \ : any form of currency […]
Cryptocurrency investors appear to be skirting their taxes. Whether keeping with crypto’s anti-establishment roots or for lack of ability, American cryptocurrency practitioners are testing the IRS’s tolerance for crypto tax evasion. Tax day in the United States is tomorrow, April 17, 2018, but according to the popular tax filing service Credit Karma, few cryptocurrency holders […]
The post Bitcoin News Summary – Apr 16, 2018 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. Samsung has confirmed that it is providing chips to mine bitcoin, ether and assorted cryptocurrencies for hardware manufacturer Halong Mining. Halong Mining has remained relatively quiet regarding its […]