Heated Debate Continues Over Bitcoin Cash Infrastructure Funding Plan

Last Wednesday, the founder of the mining operation Btc.top announced a proposal that would fund Bitcoin Cash (BCH) development over the course of six months. Over the last five days, the funding plan has been the most dominant conversation within the BCH ecosystem, as supporters debate the merits of the miner’s proposal. This week, BCH community members heard from the developer Imaginary Username, Bitcoin Unlimited’s Peter Rizun, and an opposing mining operation that dislikes the funding plan’s details. Also Read: Bitcoin Cash Miners Plan $6M Development Fund by Leveraging Block…

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Ukraine to Oversee Crypto Transactions Above $1,200, Sees Opportunities in Legalization Not Risks

Cryptocurrency transactions in Ukraine will be strictly monitored by the state, although the country’s finance minister admits that it’s not digital coins but fiat cash that criminals and corrupt officials are more likely to use. The legalization of cryptocurrencies remains a priority in Kiev as the government has indicated its clear understanding that the benefits outweigh the risks. Also read: New Ukrainian Law Says ‘Virtual Assets’ Can Be Used for Payments Exchanges and Banks to Collect and Keep User Data Operations conducted by crypto companies and other entities dealing with…

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More Than 77 Crypto Projects Claim to Be Backed by Physical Gold – After 30 Failed

The last few years have seen the creation of blockchain projects that claim to have tokens backed by physical gold. In October, Coinshares and Blockchain.com launched a digital gold token (DGLD) backed by physical gold that uses BTC’s security. Tether just announced a new token called tether gold (XAUT), which will be listed for trading on Bitfinex. The company that created the dominant stablecoin USDT claims a single XAUT token represents one troy fine ounce of gold. Also read: Data Shows $25 Billion Worth of Bitcoin and Ether Held by…

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5 Online Casinos That Accept Bitcoin Cash

Digital cash was the original use case for bitcoin, and it remains the primary one for bitcoin cash (BCH) today. The ability to send funds anywhere in the world quickly and cheaply has made bitcoin cash a popular choice for online casino players. There are scores of gaming sites where you can deposit BCH and other cryptos and then withdraw your winnings in the same manner. Here’s a snapshot of what these crypto-friendly sites have to offer. Also read: How to Create Custom SLP Tokens With the Bitcoin.com Mint Mintdice…

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Spill Your Sats: US Tax Advisor Tells Crypto Customers to Self-Report on Taxes, Even If Imperfectly

Tax season for United States residents is fast approaching, and the IRS wants to know about everyone’s involvement in the crypto space. Thanks to a recently updated income tax form including a question about crypto activity, tax preparation companies like H&R Block are advising filers to be sure to disclose their details. The service maintains that providing any information, even if imperfect, could result more lenient treatment from the much-feared collection agency. Also Read: Lawmakers Want Answers From IRS, Citing Major Issues With Crypto Tax Guidance The New, Critical Question…

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Dubai Launching Crypto Valley in Tax-Free Zone – No Personal or Corporate Income Tax

A Dubai government authority has announced that it is launching a crypto valley in the country’s free zone where there is no personal or corporate income tax. With the help of its partners from the Swiss crypto valley, Dubai will offer a variety of services such as incubation for startups, coworking facilities, blockchain training, education, events, mentoring and funding. Also read: Regulatory Roundup — New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies Crypto Valley in Dubai’s Free Zone DMCC (Dubai Multi Commodities Centre), a Dubai government…

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Spill Your Sats: H&R Block Tells Crypto Customers to Self-Report on Taxes, Even If Imperfectly

Tax season for United States residents is fast approaching, and the IRS wants to know about everyone’s involvement in the crypto space. Thanks to a recently updated income tax form including a question about crypto activity, tax preparation companies like H&R Block are advising filers to be sure to disclose their details. The service maintains that providing any information, even if imperfect, could result more lenient treatment from the much-feared collection agency. Also Read: Lawmakers Want Answers From IRS, Citing Major Issues With Crypto Tax Guidance The New, Critical Question…

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More Than 77 Crypto Projects Claim to Be Backed by Physical Gold

The last few years have seen the creation of blockchain projects that claim to have tokens backed by physical gold. In October, Coinshares and Blockchain.com launched a digital gold token (DGLD) backed by physical gold that uses BTC’s security. Tether just announced a new token called tether gold (XAUT), which will be listed for trading on Bitfinex. The company that created the dominant stablecoin USDT claims a single XAUT token represents one troy fine ounce of gold. Also read: Data Shows $25 Billion Worth of Bitcoin and Ether Held by…

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Bitcoin Gold 51% Attacked – Network Loses $70,000 in Double Spends

The Bitcoin Gold (BTG) network suffered another set of 51% attacks on January 23-24, as roughly 29 blocks were removed in two deep blockchain reorganizations (reorgs). Reports indicate that more than 7,000 BTG was double spent as the chain suffered a loss of $70,000 in two days. Also read: Bitcoin Gold Hacked for $18 Million Bitcoin Gold Sees Two Deep Blockchain Reorgs With 29 Blocks Replaced In May 2018, the Bitcoin Gold (BTG) blockchain was 51% attacked for the first time suffering a loss of more than $18 million. BTG…

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Dubai Launching Crypto Valley in Tax-Free Zone

A Dubai government authority has announced that it is launching a crypto valley in the country’s free zone there is no personal or corporate income tax. With the help of its partners from the Swiss crypto valley, Dubai will offer a variety of services such as incubation for startups, coworking facilities, blockchain training, education, events, mentoring and funding. Also read: Regulatory Roundup — New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies Crypto Valley in Dubai’s Free Zone DMCC (Dubai Multi Commodities Centre), a Dubai government entity,…

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