The Time Bitcoin (BTC) Accidentally Forked in March 2013, and Someone Sent a $10,000 Double Spend at That Exact Moment

October 23, 2019  /  by Zachary Mashiach
In the middle of March 2013, Bitcoin (BTC) experienced its only accidental split, or fork, in history. A fork happens when there are two chains running simultaneously, which can lead to loss of miner revenue, loss of funds due to transactions being sent between different chains, and malicious double spends. Indeed, a fork is one… Read more

Blockstream’s Adam Back Predicts Bitcoin Sidechains May Replace Altcoins

October 23, 2019  /  by Crypto.IQ
Bitcoin (BTC) pioneer Adam Back talked about Bitcoin’s sidechains and their potential impact on the current altcoin market at the Transylvania Crypto Conference. The main idea is that additional functionality built on top of Bitcoin’s blockchain via sidechains could make many of the altcoins unnecessary. Bitcoin Sidechains The Future The first whitepaper for Bitcoin sidechains… Read more

Dutch Bank ING Experts Warn That a Central Bank-Backed Digital Currency Will Do More Harm Than Good

October 22, 2019  /  by Crypto.IQ
Banking and financial experts from Dutch bank ING have indicated that soon they will offer a fully-fledged central bank cryptocurrency. They predict that this could be a reality in the next five years. ING’s lead economist for digital finance Teunis Bronsens and chief economist Mark Cliffe gave insight on the merits and drawbacks of a… Read more

Overstock Founder Patrick Byrne’s Wild Story: Affair With a Russian Spy While Acting As An Informant For The FBI, Flees The Country To Escape The Deep State, and Dumps All of His Stock for Crypto and Precious Metals To Save Overstock When the Economy Collapses

October 21, 2019  /  by Zachary Mashiach
Patrick M. Byrne launched Overstock in 1999, an e-commerce store similar to Amazon that has grown into a company with $1.8 billion of annual revenue and over $400 million of assets. Notably, Overstock became the first major retailer to accept Bitcoin (BTC) payments in January 2014. Also, Overstock has made $175 million of investments into… Read more

The Crypto Lending Industry Has Learned from the Mistakes of the Past and Is Now Nearly 100% Collateralized, Paving the Way for Rapid Growth

October 18, 2019  /  by Zachary Mashiach
Uncollateralized Loans And Market Volatility Turned Early Crypto Lending Into A Disaster The early days of the crypto lending industry were for the most part disastrous. Borrowers and lenders interacted on peer to peer platforms like BTCJam and BitLendingClub. Borrowers would apply for a loan by explaining what they needed the loan for and by… Read more

IRS Issues New Cryptocurrency Tax Guidance And Fixes Nothing, Cryptocurrency Users Given The Choice Of Abandoning Cryptocurrency Or Breaking The Law

October 12, 2019  /  by Zachary Mashiach
For the first time since 2014, the Internal Revenue Service (IRS) has issued new cryptocurrency tax guidance, following a Congressional request to clarify cryptocurrency tax rules.  Right off the bat, the IRS declares that cryptocurrency is taxed as property, rather than as currency, meaning that every single cryptocurrency transaction involves capital gains and losses. This… Read more

Former Antivirus Software Mogul John McAfee to Launch a Decentralized Exchange Without Restrictions

October 8, 2019  /  by Crypto.IQ
In June, antivirus software tycoon John McAfee unveiled a cryptocurrency access point that incorporates bot and manual trading across exchanges on a single interface. The tycoon has now indicated that he is launching a decentralized exchange on October 7th. The product called McAfeeDex will run on the Ethereum blockchain. McAfeeDex will be free for everyone… Read more

RSK Acquires Taringa and Brings Bitcoin to Social Media

October 1, 2019  /  by Crypto.IQ
IOVLabs’ subsidiary RSK has announced that it is acquiring social media platform Taringa which will give it access to over 30 million users on the site. Taringa will provide RSK with access to its user base with unlimited information and data. This will be vital in testing and distributing new decentralized apps and infrastructure powered… Read more

10 Ways to Minimize Your Crypto Tax Liability

September 27, 2019  /  by Mike Torres
Since the IRS started cracking down on crypto taxes, traders and users alike have been scrambling to get their affairs in order. As with regular taxes, there are various ways to reduce your crypto taxes. So, if you want to keep the IRS’ hands away from your sweet crypto gains, read on! Sell your assets… Read more

Fold Brings BTC Cashback and Lightning Payments in $2.5 Million Raise

September 26, 2019  /  by Crypto.IQ
Crypto payment startup Fold has reportedly indicated that they have raised $2.5 million in a funding round from investors. Craft Ventures, Slow Ventures, CoinShares, Fulgur Ventures, and Goldcrest Capital, among others, led the funding round.  As part of the capital raise the firm will launch an updated version of the Fold App that supports debit… Read more
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