Tag: Blockchain

According to local media, a Swedish cryptocurrency trader is anticipating receiving a tax bill of approximately $1 million after conducting approximately $2.9 million worth of trades across tens of thousands of transactions made since 2014. The trader claims that the tax bill will equate to 300 percent of the profits he has earned rather than 30 percent due to failing to report the price that he paid for his cryptocurrency. Also Read: Airdrop Causes Exchange to Accidentally Send BTC to Customers Swedish Trader Faces $1 Million Tax Bill After Failing to…

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Tuesday’s installment of The Daily details new tools that are helping users safely navigate the cryptocurrency ecosystem. From making an informed decision about which exchanges to trust to tracking blockchain transactions with Enjinx, we cover a selection of developments from across the cryptosphere, before finishing with a trip to the darknet where KYC documents are allegedly up for sale. Also read: How to Buy Bitcoin Anonymously 100 Crypto Exchanges’ Security Assessed Over the last few months, Crypto Exchange Ranks (CER) has been shining a light on the practices of the exchanges…

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A South Korean crypto exchange mistakenly sent its customers BTC and other cryptocurrencies due to an error during an airdrop. Some users immediately sold the coins, causing the prices of a number of cryptocurrencies on the exchange to sharply fall. The exchange said, however, that the majority of customers have agreed to return the funds. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Airdrop Error South Korean cryptocurrency exchange Coinzest reportedly sent its customers BTC and other cryptocurrencies while trying to airdrop WGT tokens. The exchange posted…

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Buying bitcoin is not a revolutionary act. Nor should it be. And yet the way statists, apparatchiks and politicians bang on, you’d think the mere act of acquiring digital currency was akin to receiving the keys to a pandora’s box in which lurks every illicit artifact known to man. One day, these dinosaurs will begrudgingly concede that buying bitcoin is no more seditious than buying a soda with a $20 bill. But until then, you’ll want to preserve your privacy when acquiring cryptocurrency. Also read: Wasabi’s Privacy-Focused BTC Wallet Aims to Make…

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Have you ever thought about creating a cryptocurrency giveaway during a hosted event? Now you can create your own crypto-based sweepstakes with Bitcoin.com’s event paper wallet generator. With Bitcoin.com’s Golden Ticket program and open source code, the software allows anyone to develop fantastic tickets funded with bitcoin cash (BCH). Also Read: Peer-to-Peer Trading Platform Bitquick Implements Bitcoin Cash Support Create Your Own Bitcoin Cash Giveaway With Bitcoin.com’s Golden Ticket Software At Bitcoin.com we love to spread cryptocurrency awareness. In order to further grow adoption in a fun way this month, we…

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Last year, Sindri Stefansson was arrested for his part in what has been described as the biggest heist Iceland has seen – over $2 million worth of Bitcoin mining equipment stolen in an operation that left police baffled. He has now been jailed for four and a half years along with his team of thieves.  Also read: Iceland’s ‘Big Bitcoin Heist’: Suspects Charged With Over $2M in Stolen Mining Rigs ‘Big Bitcoin Heist’ Sindri Por Stefansson hit headlines last year after managing to escape from his jail cell following his arrest…

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