From the Blog

More IRS summonses for crypto exchange account holders

April 18, 2021

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The United States Internal Revenue Service has been hunting crypto vigorously for more than five years now, and the pace is getting faster. A couple of decades ago, the IRS was after offshore accounts, and that effort was among the most successful in the IRS’ history. Now, it’s crypto the IRS is after, and there’s […]

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SEC loses a battle to win the war? Ripple dissociates from pumping XRP

April 18, 2021

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When the United States Securities and Exchange Commission filed legal action against Ripple Labs and its top-two executives in December, alleging that its XRP coin was in fact a security and that the firm had raised over $1.38 billion through an unregistered securities offering in 2013, many wondered if XRP would even survive.  Some exchanges […]

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A nightmare on Stable Street: Centralized stablecoins may be doomed

April 18, 2021

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Over the last couple of years, we have seen a lot of interest from central banks and governments in the stablecoin market. The reason behind it lies in the development of central bank digital currencies, or CBDCs. The idea of issuing a digital alternative to cash is a great motivator for central banks. It allows […]

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The perils of suing crypto exchanges after ransomware attacks

April 18, 2021

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In October 2019, unknown hackers infiltrated a Canadian insurance company by installing the malware BitPaymer, which encrypted the firm’s data and IT systems. The hackers demanded a ransom of $1.2 million be paid in Bitcoin (BTC) in return for the decryption software needed for the firm to regain access to its systems.  The firm’s United […]

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Bitcoin on balance sheet attracts negative attention from anti-crypto banks

April 18, 2021

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MicroStrategy’s continuous Bitcoin acquisition has drawn the ire of investment banking giant HSBC. Despite being one of the largest business intelligence firms in the world, HSBC has stated that MicroStrategy is now a “virtual currency product,” a designation akin to the pseudo-Bitcoin exchange-traded fund status attached to the company on account of its sizable Bitcoin […]

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Bitcoin price drops to $52K, liquidating almost $10B

April 18, 2021

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Bitcoin (BTC) fell to sudden lows of $52,000 on April 18 in a timely reminder of how price action often follows hash rate.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView China, US rumors lead the BTC sell-off Cointelegraph Markets Pro and TradingView showed a brutal hour for Bitcoin bulls everywhere early on Sunday as the market […]

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Smart contract exploits are more ethical than hacking… or not?

April 18, 2021

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There has been a lot of talk about the recent “hacks” in the decentralized finance realm, particularly in the cases of Harvest FInance and Pickle Finance. That talk is more than necessary, considering hackers stole more than $100 million from DeFi projects in 2020, accounting for 50% of all hacks this year, according to a […]

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Venus (XVS) price aims for $100 amid rising TVL and surge in DeFi users

April 17, 2021

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Binance Smart Chain (BSC) has rapidly risen to prominence in 2021 as high transaction costs and congestion on the Ethereum (ETH) network led smaller-size investors to search for cheaper alternatives. One of the top choices to earn a yield on the BSC is Venus (XVS), an algorithmic money market and synthetic stablecoin protocol that provides […]

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Coinbase frenzy, DOGE dazzles, Bitcoin breaks records, Jim Cramer sells: Hodler’s Digest, April 11–17

April 17, 2021

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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Coinbase gets off to a rocky start as it lists […]

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Bitcoin dips under $60,000 — What’s pulling down BTC price?

April 17, 2021

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The price of Bitcoin suddenly dropped below $60,000 days after the Coinbase public listing. 92487 Total views 59 Total shares The price of Bitcoin (BTC) declined below $60,000 on April 17 after a strong rally throughout the past week in anticipation of the Coinbase public listing on Nasdaq. However, after the COIN listing, which is […]

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