Author: Jacob Dunn

February 7th: Crypto news brief

It’s time again for our daily crypto news roundup. Here’s the latest from the world of cryptocurrency! Thanks for reading! Cryptopia – A Cryptocurrency Utopia in Puerto Rico? Puerto Rico offers an unparalleled tax incentive: no federal personal income taxes, no capital gains, and favorable business taxes. However, there are serious caveats. This tax break only applies to capital gains earned in Puerto Rico — so you’ll have to move there before becoming a Bitcoin billionaire. You’ll also lose your right to vote in federal elections. Entrepreneurs saw in this an opportunity, while also feeling a sense of urgency. Read...

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Bank for International Settlements GM Calls for Bitcoin Supervision

Agustin Carstens, general manager of the Bank for International Settlements gave a lecture calling on central banks to monitor Bitcoin. While it’s obvious that there is tension between global financial institutions and cryptocurrency, the debate currency debate still rages. Central bankers’ skepticism is understandable — cryptocurrency may be undermining the power of central banks and changing the way we transact. Real value of fiat currency Carstens gave a lecture at the Goethe University in Frankfurt am Main, Germany. During his presentation, the banker drew attention to how tech innovation and the popularity of cryptocurrency affect finance — especially central banks. He emphasized...

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Hackers stole $20,000 of crypto coins through a T-Mobile account, lawsuit alleges

Carlos Tapang of the US state of Washington has filed a lawsuit against T-Mobile. A lack of security allegedly allowed cybercriminals to hijack his mobile account and steal thousands of dollars worth of cryptocurrency tokens. Once the hackers had gained control of his mobile account, hackers changed the password on one of Tapang’s accounts and stole 19.6 BitConnect coins and one thousand OmiseGo tokens.  Allowed wrongdoers access Carlos Tapang accuses T-Mobile of “improperly allowing wrongdoers to access” his wireless account on November 7th, 2017, according to Verge. Once the hackers had access, They then canceled Tapang’s number and transferred...

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February 6th: Crypto news brief

Here are the day’s headlines. Today was a big day in crypto news. China might adopt Ripple after banning foreign and domestic cryptocurrency exchanges, the US Senate heard testimony from key regulatory agencies in the US on how to regulate Bitcoin, meanwhile, the market continues to drop. Let’s hope the market settles a bit tomorrow! Thanks for reading! Will China adopt Ripple? China is infamous for its unfriendly stance towards cryptocurrencies, and especially ICOs. The unstoppable wave of regulations in the country has caused and continue to cause serious effects in the crypto market. Last year, the country shook the...

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Update: Market up after US financial watchdogs weigh in on crypto

US Senate Committee on Banking, Housing, and Urban Affairs held a fact-finding hearing today on how best to regulate cryptocurrency. Chairmen from the Securities and Exchange Commission (SEC), and the Commodities Futures Trading Commission (CFTC) fielded questions from Senators about how to understand digital currency, and how the agencies will address the emerging investment asset. Chairman of the SEC, John Clayton, and CFTC Chairman J. Christopher Giancarlo presented what each of their agencies has already done to address market manipulation, and securities fraud. However, questions remain about how to understand cryptocurrency, and whose jurisdiction it falls under. Clayton views...

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