CryptoCurrency News, Rumors, and Chatter

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  IRS Issues New Crypto Tax Guidance After 5 Years – Experts Weigh In
  news • • CryptoNews  

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  The U.S. Internal Revenue Service (IRS) has issued long-awaited guidance on the tax treatment of cryptocurrencies. It is generally described by the crypto community as a mixed bag since some parts are useful while others have raised many more questions, particularly how cryptocurrencies from hard forks and airdrops are taxed. Also read: 10 Tax Tools […] The post IRS Issues New Crypto Tax Guidance After 5 Years – Experts Weigh In appeared first on Bitcoin News. https://news.bitcoin.com/irs-issues-new-crypto-tax-guidance-after-5-years-experts-weigh-in/
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  Circle Drops Poloniex Leaving US Crypto Traders High and Dry
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  According to a blog post published by Circle, the cryptocurrency firm is releasing its subsidiary exchange Poloniex which is now owned by an “Asian investment group.” The trading platform will become an independent company called Polo Digital Assets, Ltd., and after November 1, 2019, U.S. residents will no longer be able to use the platform. […] The post Circle Drops Poloniex Leaving US Crypto Traders High and Dry appeared first on Bitcoin News. https://news.bitcoin.com/circle-drops-poloniex-leaving-us-crypto-traders-high-and-dry/
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  Russia Blocks 2 Crypto News Websites
  news • • CryptoNews  

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  Russian authorities have restricted access to a couple of cryptocurrency news outlets. The formal reasons for the censorship move are different in each case but the end result is the same. In both, regulators have acted on the basis of a law that empowers them to block online sources of information that have been banned […] The post Russia Blocks 2 Crypto News Websites appeared first on Bitcoin News. https://news.bitcoin.com/russia-blocks-2-crypto-news-websites/
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  6 Darknet Markets for the Crypto Curious
  news • • CryptoNews  

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  If you’ve got a few thousand satoshis burning a hole in your wallet, the darknet beckons. There’s no obligation to spend a single sat while scouring the darker recesses of the web, but it’s nice to know that should you get the urge, your crypto’s good. There are few certainties when shopping on darknet markets […] The post 6 Darknet Markets for the Crypto Curious appeared first on Bitcoin News. https://news.bitcoin.com/6-darknet-markets-for-the-crypto-curious/
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  Telegram Offers to Postpone Launch of the TON Network
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  Telegram, which was surprised with a last minute restraining order on the sale of its tokens in the U.S., is now ready to delay the launch of the TON network until the spring of next year. The company has informed the New York court reviewing the case that it can suspend all operations with grams […] The post Telegram Offers to Postpone Launch of the TON Network appeared first on Bitcoin News. https://news.bitcoin.com/telegram-offers-to-postpone-the-launch-of-the-ton-network/
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  Ethereum Name Service Adds Infrastructure for Multi-Currency Support
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  On October 16, the Ethereum Name Service (ENS) announced multi-currency support and integration with 15 platforms and wallets. The fusion will provide users with the ability to use a single ENS name across a wide spectrum of crypto applications alongside leveraging a variety of digital assets. Also read: Honestnode Founder Discusses the First Stablecoin Built […] The post Ethereum Name Service Adds Infrastructure for Multi-Currency Support appeared first on Bitcoin News. https://news.bitcoin.com/ethereum-name-service-adds-infrastructure-for-multi-currency-support/
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  **POLONIEX US Shutdown** October 18, 2019
  • melt  

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  POLONIEX US Shutdown October 18, 2019, US persons will no longer be able to create, or complete the set-up, of a new Poloniex account. November 1, 2019, you will no longer be able to execute trades and should no longer deposit assets. Full customer email here: Hello Poloniex Customer, We are writing to inform you that Poloniex is spinning out from Circle into a new company called Polo Digital Assets, Ltd. This new company will have the full backing of a major Asian investment group, who intends to focus on the needs of global crypto traders. Unfortunately, the Poloniex spin out will not include US customers, so Circle is winding down access to the Poloniex exchange for you and other US customers. Here is the wind down schedule: October 18, 2019, US persons will no longer be able to create, or complete the set-up, of a new Poloniex account. November 1, 2019, you will no longer be able to execute trades and should no longer deposit assets. You will be able to access and withdraw your cryptocurrencies, through Circle until at least December 15, 2019. The full announcement can be found here and our Customer Support Team is available to answer any questions you may have. Simply reply to this message and we will get back to you. Team Poloniex
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  CME Bitcoin Futures Sees Institutional Interest and Demand from Asia
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  Global markets business CME Group said that institutional interest toward the firm’s Bitcoin futures is thriving and 2019’s third-quarter data showed a record number of open interest. Moreover, despite the lackluster start, the Intercontinental Exchange’s (ICE) Bakkt platform has seen an increase in interest with the company’s physically-settled bitcoin futures product. Also read: Honestnode Founder […] The post CME Bitcoin Futures Sees Institutional Interest and Demand from Asia appeared first on Bitcoin News. https://news.bitcoin.com/cme-bitcoin-futures-sees-institutional-interest-and-demand-from-asia/
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  Global Crisis Looms as IMF Report Cites Its Own Policy as Dangerous
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  In a new report by the International Monetary Fund (IMF) entitled “Global Financial Stability Report: Lower for Longer,” the group gives an overview of the current debt-ridden and precarious state of affairs in global economics. Not lost on some economists, however, is the irony that these modern realities are the direct result of policies historically […] The post Global Crisis Looms as IMF Report Cites Its Own Policy as Dangerous appeared first on Bitcoin News. https://news.bitcoin.com/global-crisis-looms-as-imf-report-cites-its-own-policy-as-dangerous/
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  SEC Wants Second Look at Bitwise Bitcoin ETF Proposal
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  The U.S. Securities and Exchange Commission (SEC) is reviewing its order issued last week pertaining to a rejected proposal for a bitcoin exchange-traded fund (ETF). The proposal was filed by NYSE Arca for the Bitwise Bitcoin ETF Trust. Meanwhile, the SEC is also evaluating a proposed rule change for a different type of bitcoin ETF. […] The post SEC Wants Second Look at Bitwise Bitcoin ETF Proposal appeared first on Bitcoin News. https://news.bitcoin.com/sec-wants-second-look-at-bitwise-bitcoin-etf/
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  Alleged Las Vegas Scammer Charged for $11 Million Crypto Binary Options Ponzi
  news • • CryptoNews  

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  A Las Vegas man is charged with raising at least $11 million from cryptocurrency investors he promised to trade binary options for, and make gains of up to 300%. According to the charges the money was sent from new clients to previous ones in a classic Ponzi scheme manner. Also Read: Binance to Add Bitcoin […] The post Alleged Las Vegas Scammer Charged for $11 Million Crypto Binary Options Ponzi appeared first on Bitcoin News. https://news.bitcoin.com/alleged-las-vegas-scammer-charged-for-11-million-crypto-binary-options-ponzi/
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  SLP Token Ecosystem Built on Bitcoin Cash Continues to Blossom
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  The Simple Ledger Protocol (SLP) has come a long way since its inception and more than 4,900 SLP tokens have been created to date. During the last few months, SLP usage has grown significantly with people constructing various types of unique ideas that create more use cases for these token concepts. Also read: SEC Commissioner […] The post SLP Token Ecosystem Built on Bitcoin Cash Continues to Blossom appeared first on Bitcoin News. https://news.bitcoin.com/slp-token-ecosystem-built-on-bitcoin-cash-continues-to-blossom/
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  104 Addresses Hold 70% of Tether, Research Reveals
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  The ownership of tether (USDT) turns out to be quite concentrated. According to a recent report, a few addresses control the bulk of the stablecoin, which is widely used by bitcoin traders. The finding comes on top of fresh accusations of creating a bubble levied in a lawsuit against tether’s operators. That adds to the […] The post 104 Addresses Hold 70% of Tether, Research Reveals appeared first on Bitcoin News. https://news.bitcoin.com/104-addresses-hold-70-of-tether-research-reveals/
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  Bitcoin ATM in Miami Airport Raises Questions About Traveling With Crypto
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  Miami based bitcoin ATM maker Bitstop has recently installed Miami International Airport’s first crypto ATM, according to a press release issued October 15. The installation adds to the 106 machines the company has already placed across the U.S. Further, it raises important questions about the benefits and legality of traveling with crypto in lieu of […] The post Bitcoin ATM in Miami Airport Raises Questions About Traveling With Crypto appeared first on Bitcoin News. https://news.bitcoin.com/bitcoin-atm-in-miami-airport-raises-questions-about-traveling-with-crypto/
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  Smart Contract Blockchains Are Struggling to Scale
  news • • CryptoNews  

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  Second generation blockchains were presented as being faster, cheaper, and more scalable than Bitcoin. Third generation chains (basically anything that came after Ethereum) promised even greater optimizations. In the event, these networks have run into the same difficulties as Bitcoin, with competition for scarce resources leading to mounting costs and congestion. To tackle these problems, […] The post Smart Contract Blockchains Are Struggling to Scale appeared first on Bitcoin News. https://news.bitcoin.com/smart-contract-blockchains-are-struggling-to-scale/
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  Binance to Add Bitcoin Cash to Its Decentralized Exchange
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  Already widely available for trading across the world, bitcoin cash continues to expand into new markets and platforms. The latest venue where users can soon exchange the cryptocurrency is Binance’s decentralized exchange. The system will feature a token pegged to BCH issued on Binance Chain. Also Read: Binance Launches Peer-to-Peer Trading in China Binance DEX […] The post Binance to Add Bitcoin Cash to Its Decentralized Exchange appeared first on Bitcoin News. https://news.bitcoin.com/binance-adds-bitcoin-cash-to-its-decentralized-exchange/
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  ‘Why Are You Afraid?’ – Watch Roger Ver Debate Nouriel Roubini on Cryptocurrency
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  Starting a debate by calling nearly everyone in the room “economically illiterate” doesn’t usually end well for someone attempting to persuade an audience, but that’s just what American economist Nouriel Roubini did on Tuesday, in his debate with Bitcoin.com Executive Chairman Roger Ver. The 40-minute, high-energy volley of arguments and ad homs is as entertaining […] The post ‘Why Are You Afraid?’ – Watch Roger Ver Debate Nouriel Roubini on Cryptocurrency appeared first on Bitcoin News. https://news.bitcoin.com/why-are-you-afraid-watch-roger-ver-debate-nouriel-roubini-on-crypto/
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  Meet Be.cash: An Offline Bitcoin Cash Sending Tool
  news • • CryptoNews  

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  On October 13, software developer Tobias Ruck showed off a demo of an offline bitcoin cash (BCH) wallet tool called Be.cash. The concept provides individuals with the ability to send and sign a BCH transaction without internet service. Also read: 80% of Crypto Trade Volume Tracked by Blockchain Surveillance Be.cash: A Tool for Sending and […] The post Meet Be.cash: An Offline Bitcoin Cash Sending Tool appeared first on Bitcoin News. https://news.bitcoin.com/meet-be-cash-an-offline-bitcoin-cash-sending-tool/
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  Survey: Chinese Students Want Crypto Jobs, 8% Own Cryptocurrencies
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  A poll conducted among university students in China indicates that many of them see a bright future for cryptocurrencies in their country. A quarter of the respondents said they would seek employment in the industry that deals with digital assets and related technologies. Approximately one in 12 students already owns digital coins. Also read: Ukraine […] The post Survey: Chinese Students Want Crypto Jobs, 8% Own Cryptocurrencies appeared first on Bitcoin News. https://news.bitcoin.com/survey-chinese-students-want-crypto-jobs-8-own-cryptocurrencies/
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  Rare Joint Statement From U.S. Regulators Proves Crypto Centralization Is Here
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  The U.S. SEC, Fincen and CFTC issued a rare joint statement Friday addressing regulation of “activities involving digital assets.” Citing crypto’s perceived role in money laundering and terrorism, the regulatory power trio prescribed stricter adherence to anti-money laundering (AML) policies and know your customer (KYC) protocols. The statement is a highly visible product of the […] The post Rare Joint Statement From U.S. Regulators Proves Crypto Centralization Is Here appeared first on Bitcoin News. https://news.bitcoin.com/rare-joint-statement-from-u-s-regulators-proves-crypto-centralization-is-here/