How Society Thrived Before Mass Taxation, and How It Still Can

Many people in the U.S. and elsewhere think of the income tax as some kind of timeless staple of society. The truth is, it was only first instituted in the United States as a permanent fixture in 1913. It stands to ask then, how all the progress that was made prior and the bustling growth of metropolises like New York City, were even possible. In the current climate of highly confusing tax regulations where the opportunity-laden world of crypto is concerned, it stands to ask once again if there is…

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Jailed Deepdotweb Admin Denies Earning $15M From Darknet Links

In an interview from prison, one of Deepdotweb’s operators has disputed the $15 million allegedly made from “illegal” referral links, claiming “There was no such amount.” Currently on remand in France, Israeli citizen Tal Prihar stands accused of directing visitors towards darknet markets (DNMs) in his role as Deepdotweb administrator. The popular site published articles about darknet drug busts, new onion services and other stories related to online marketplaces. The 38-year-old believes he is the victim of a U.S. witch hunt. Also read: 6 Darknet Markets for the Crypto Curious…

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6 Months Before Halving Signs Indicate Bitcoin Miners Are Hoarding

The great bitcoin reward halvings are coming and many newcomers have not experienced a halving event unless they joined the crypto community prior to 2016. A few speculators believe bitcoin miners and whales are hoarding coins right now until after the adjustment so prices will be driven up. Moreover, for the first time, crypto proponents will observe how both BTC and BCH deal with the reward reduction as both networks are mined by some of the same pools. Also read: Generation QE: How Central Banks Create Money From Thin Air…

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From FUD to FOMO – China State Newspaper Says Bitcoin Is ‘Successful’

A major Chinese daily has published an article about Bitcoin. The publication describes the first cryptocurrency as a successful application of the blockchain technology. It provides its readers with the basics they need to know about Bitcoin and highlights some of its main characteristics. Also read: Crypto Banks Gain Regulatory Recognition Across the Globe Xinhua Daily: Bitcoin Is One of the Hottest Topics If there’s one thing that distinguishes democracies from other government regimes, at least at first glance, it’s the speed with which the executive power can bring its…

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Generation QE: How Central Banks Create Money From Thin Air

This year the public has seen a lot of the expansive monetary policy taking place with 37 central banks participating in monetary easing. Unfortunately, most people don’t understand the methods central banks like the Federal Reserve use to increase the money supply and never take the time to understand the process. The following is an in-depth look at how the Federal Reserve or any central bank “prints money” by adding credit to banks’ deposits, lowering the fed funds rate target, and using large-scale open market operations to purchase securities and…

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Bitcoin Demand Model Reveals a ‘Clear Growth Trend’ (Since 2011)

The overall chart of Bitcoin demand has shown a clear growth trend, with demand in dollar terms increasing by 2.2 times each year.  BTC Demand May Become Self-Fulfilling Prophecy The big mystery for Bitcoin is whether the reward halving would cause a significant price rally. Skeptics see the possibility as rather distant. Attached a slightly different approach which might help understanding bitcoin demand dynamics. Demand is modeled, taking into account the ‘flow’. According to the model, since 2011, demand (in $) is increasing with about 1.00215x per day or about…

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Bakkt Bitcoin Custody Now Available to all Institutional Clients

Bakkt joins the field of institutional-grade bitcoin custody service providers after obtaining approval from regulators in New York. Meanwhile, the Bitcoin futures product launched by the Intercontinental Exchange (ICE) subsidiary continues to set new records. Bakkt Warehouse Obtains NYDFS Green Light Bakkt COO Adam White announced the news via a blog post published on Monday (November 11, 2019). According to the announcement, the New York Department of Financial Services (NYDFS) has given Bakkt the go-ahead to begin offering its enterprise-grade bitcoin custody services to institutional clients. Before the approval, Bakkt’s…

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Crypto Jobs on the Rise, Thousands Listed

The number of job vacancies in the crypto industry is growing but fewer people are searching for them, according to a major U.S. job listing website. Thousands of jobs relating to Bitcoin, cryptocurrency, and blockchain technology are currently available as new employers seek to enter the space and existing players expand operations. Also read: China Now Censors Anti-Blockchain Sentiment, Educates Public on Bitcoin More Jobs, Fewer Searches Jobs in the field of cryptocurrency and blockchain technology are on the rise, according to Indeed, a leading job listing platform and search…

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Canadian Stablecoin CUSD Officially Launched by BVCI

A stablecoin pegged to the US dollar, but aimed at the Canadian market, has been officially launched by Blockchain Venture Capital, Inc. CUSD Combines US Dollar Backing with Canadian Demand CUSD is the newest fiat-based stablecoin backed by the greenback, and secured by a US-based banking institution. New coins are only issued corresponding to funds in a dedicated escrow account. At the official launch, 100 million CUSD was issued. The CUSD stablecoin is different from other fiat-derived crypto coins on the market. For one, it runs on the BVC-chain, a…

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Blockchain Spending in China to Exceed $2 Billion by 2023

China’s blockchain spending is expected to see rapid growth in the next three years and exceed the $2 billion figure by the end of 2023, according to a report carried out by market intelligence firm IDC. IDC Data Confirms China’s Blockchain Plan The IDC report comes shortly after Chinese President Xi Jinping himself endorsed the distributed ledger technology (DLT). He hinted that China shouldn’t stay aloof from the blockchain revolution. IDC estimated that China’s spending on blockchain projects would note a compound annual growth rate of 65.7% from 2018 to…

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