California Watchdog Bans Bitcoin Donations in Political Campaigns

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The California state government’s political watchdog has ruled that candidates will not be allowed to receive donations for political campaigns with cryptocurrencies like bitcoin. The Fair Political Practices Commission, a five-member non-partisan commission that functions as the state’s campaign watchdog, has voted to ban cryptocurrency donations for candidates running for public offices in the state. […]

Lawmakers Ask IRS For Clarity on Crypto Tax Reports, Better Regulating Industry

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Lawmakers from the United States House of Representatives have issued an open letter to the Internal Revenue Service (IRS), requesting additional clarity on tax laws surrounding crypto such as Bitcoin and Ethereum. The open letter was addressed to acting IRS commissioner, the honorable David Kautter on behalf of Congressmen David Schweikert (R-AZ), Brad Wenstrup (R-OH), […]

Blockchain for 35 Million Users: Korea’s Biggest Insurance Firm SK Partners With ICON

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ICON, South Korea’s most valuable blockchain project, has partnered with the country’s biggest telecommunications conglomerate SK, to possibly utilize blockchain technology and crypto in compensating users of its mileage system. SK Planet, a subsidiary of SK that signed a memorandum of understanding (MoU) with ICON, operates the most widely utilized mileage system in the country […]

SEC Director Vows ‘More Substantial’ Enforcement Against Illegal ICOs

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U.S. Securities and Exchange Commission (SEC) co-director of enforcement Stephanie Avakian mentioned in a Sept. 20 speech that the regulatory agency is most likely going to recommend “more substantial remedies” against those who fail to follow proper initial coin offering (ICO) registration requirements in the future According to a transcript of the speech posted on […]

Binance, Coinbase on Hiring Spree Despite Bear Market, Sign of Rapid Growth

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Binance and Coinbase, two of the largest cryptocurrency exchanges in the world by user base and daily trading volume, are on a hiring spree despite the 80 percent correction the crypto market experienced throughout 2018. Speaking to Bloomberg, Binance’s Chief Financial Officer Wei Zhou stated that the company is hiring 50 new employees in its […]

How the Bitcoin Blockchain Was Used to Track Down DNC Email Hackers

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There are still people out there that believe that bitcoin transactions are anonymous. However, the Bitcoin blockchain can be used to trace cryptocurrency transactions to specific actors and money laundering networks. Last month’s indictments against the 12 suspected Russian individuals who hacked Democratic National Committee (DNC) servers is a testament to how authorities can use […]

Cryptojacking is up 459% in 2018, and it’s the NSA’s Fault

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A report from the Cyber Threat Alliance (CTA) indicates a massive 459% increase in the rate of illegal cryptojacking, through which hackers hijack computer processing power to mine cryptocurrencies like bitcoin and monero. As CCN recently reported, the Indian government was recently targeted in a cyberattack which hijacked processing power from government website servers to […]

Tim Draper Keeps $250,000 Bitcoin Price Target, Says It Will be Bigger Than the Internet

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Billionaire Bitcoin enthusiast Tim Draper remains confident that the dominant cryptocurrency will reach his famous $250,000 price target by 2022. Tim Draper Expects Crypto Age to be ‘Bigger Than the Internet Ever Was’ The venture capitalist known for his early stakes in Tesla, Skype, and Hotmail, was interviewed by TheStreet at the Crypto-Finance-Conference in California. The talk […]