Digital Assets

How to Obscure Bitcoin Cash Transaction Data by Leveraging Cashfusion

</header> <strong>Bitcoin Cash developers recently released the alpha software for Cashfusion, a privacy-preserving feature added to the Electron Cash wallet. During the last week, crypto proponents and developers have been testing the protocol regularly in order to find issues and provide the Cashfusion team with feedback. News.Bitcoin.com tested the alpha version of Cashfusion so readers …

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UK Tax Agency to Pay $100K for Blockchain Surveillance Software

</header> <strong>On January 17, the UK tax agency Her Majesty’s Revenue and Customs (HMRC) published a job opportunity for a private contractor to design a cryptocurrency blockchain analysis tool. According to the listing, the contract is for one year and HMRC will pay the contractor $100,000 for software that can “identify and cluster crypto asset …

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Market Outlook: Bullish Trend Sends Crypto Prices Northwards

</header> <strong>Digital currency markets are seeing significant gains this week as the entire market capitalization gained $28 billion in the last seven days. Moreover, trade volume has spiked to a massive $100 billion and during the last 24 hours, numerous digital assets have gained between 3-48%.</strong> Also read: Close to 11 Million BTC Haven’t Moved …

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China Saw $11.4 Billion in Crypto-Based Capital Flight Last Year

</header> <strong>On January 8, China-based blockchain security firm Peckshield published its “2019 Global Digital Asset AML Research Report” noting a variety of crypto trends throughout the year. According to the study, cryptocurrency-based capital flight stemming from China was around $11.4 billion in 2019. Peckshield’s research recorded a number of illegal or otherwise unregulated transactions over …

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Bank Closures and Withdrawal Restrictions Anger Lebanese Citizens

</header> <strong>Lebanese citizens have been dealing with economic hardship, as the country’s central bank imposed customer withdrawal limits last October. The problems have continued over the last two months, as ATMs have stopped dispensing cash and bank branches close doors in fear of angry clients. Regional reports disclose Lebanese bank customers often wait for hours …

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Market Update: Top Cryptos Face Strong Resistance Ahead

</header> <strong>On January 6, digital currency markets saw decent gains as the entire crypto market capitalization surpassed the $200 billion mark at 3:50 p.m. EST. Since then most cryptocurrencies have tested heavy resistance and a slew of assets are being held back. Moreover, crypto trade volumes have increased significantly and there’s been roughly $83 billion …

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Tron-Based Tether Has Ballooned to Over 900 Million Tokens, Almost 22% of Total Supply

</header> <strong>Since Tether’s (<a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/USDT” target=”_blank” rel=”noopener noreferrer”>USDT</a>) migration to other networks beside the BTC-based Omni protocol, significant shifts have taken place seeing the heavily-printed stablecoin rise to prominence also via Ethereum’s ERC20 standard and Tron’s TRC20 implementation. Ethereum-based <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/USDT” target=”_blank” rel=”noopener noreferrer”>USDT</a> supply currently sits at over 2.2 billion tokens, while …

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Government Confirms Crypto Profits Not Taxable in South Korea

</header> <strong>South Korea has confirmed that income tax cannot be levied on individual investors’ profits from crypto transactions under the current tax law. The government, however, is reviewing international trends</strong><strong> and the approaches of major countries to crypto taxation in an effort to amend the existing Korean tax law to include cryptocurrency.</strong> Also read: Regulatory …

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Market Update: Crypto Traders Search for Bullish and Bearish Trends

</header> <strong>During the last few days, digital currency markets have been meandering sideways and prices have been less volatile. On Sunday, during the last 24 hours, the entire cryptoconomy is hovering just below the $200 billion zone and there’s roughly $71 billion in global trades. Crypto proponents are still uncertain about the future trajectory and …

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Indian Government’s Institute Offers Blockchain Training in Multiple Cities

</header> <strong>The National Power Training Institute, under India’s Ministry of Power, is offering blockchain training in multiple cities throughout the country. Participants will learn about blockchain technology, its use cases, smart contracts, Ethereum, cryptocurrency, Bitcoin, and even mining.</strong> Also read: Regulatory Roundup – New US Crypto Bill, France’s 1st Approved ICO, Muslim Crypto National Training …

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