How to Buy Bitcoin Anonymously

How to Buy Bitcoin AnonymouslyBuying 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 […]

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Ethereum Price Analysis: ETH Consolidating Below Crucial Barriers

ETH price declined recently below $120 and tested the key $112 support area against the US Dollar. Yesterday’s highlighted important bearish trend line is intact with resistance at $118 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently consolidating below the $118 and $120 resistance, with a few positive moves….

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Host a BCH Giveaway With Bitcoin.com’s Golden Ticket Software

Host a BCH Giveaway With Bitcoin.com's Golden Ticket SoftwareHave 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 […]

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Tax Nightmare: 10,000 Bitcoin Trades Net Swedish Man Nearly $1 Million in Taxes

By CCN.com: Linus Dunker, a Swedish crypto trader, was shocked to receive a bill for almost $1 million from the Swedish Tax Agency, claiming that the tax demand is “unreasonable.” The case is one of a growing number of cryptocurrency-related cases being taken up by the agency, with several bitcoin traders receiving tax bills for

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Ethereum On-Chain Transaction Volume Reached Record High in December 2018

On-chain transactions of Ethereum hit an all-time high in December 2018, according to a report by crypto analytics firm Diar.

The on-chain transaction value of Ethereum (ETH) hit an all time high in December 2018, crypto analytics firm Diar reports on Jan. 21.

On-chain transaction levels of the third largest cryptocurrency reached 115 million in December 2018, an all-time high excluding the activity following a hard fork caused by the DAO hack in 2016. Dair stated, “In terms of transaction count on-chain the ‘super computer’ has found stability since October bobbing between 16–17 million monthly transactions.”

On-Chain Ethereum transaction Volumes

On-Chain Ethereum transaction Volumes. Source: Diar

Conversely, the United States dollar value of the on-chain transactions is at a 22-month low. U.S. dollar value on-chain last year was $815 million, down from $1.1 billion in 2017. Diar further states:

“A 97 percent drop in on chain transaction value from peak in January versus December 2018 was by and large the cause of an 80 percent drop in Ethereum’s price.”

U.S. dollar value of on-chain transactions

U.S. dollar value of on-chain transactions. Source: Diar

Diar states that fees are unlikely to interfere with growth as Ethereum has some of the lowest fees for on-chain transactions.

The Constantinople hard fork in the Ethereum Network was recently delayed after the discovery of a security vulnerability allowing a reentrancy attack.

According to ChainSecurity, the smart contract audit firm that discovered the attack, the Constantinople upgrade introduces cheaper gas cost (transaction fees) for some operations on the Ethereum network.

An unexpected side effect allegedly enables reentrancy attacks via the use of certain commands in ETH smart contracts. A reentrancy vulnerability allows potential attackers to steal crypto from a smart contract on the network by repeatedly requesting funds from it while feeding it false data about the malicious actor’s actual ETH balance.

Following a fix by developers, Diar states that the Constantinople upgrade will decrease fees for certain types of transactions, which will allow for better storage use.

Crypto is Worthless, Fails Basic Financial Tests: Bank of England Adviser

By CCN.com: Legacy banks are not worried about crypto because it has no value and fails the fundamental tests of financial services. That’s the assessment of Huw van Steenis, the senior adviser to Bank of England Governor Mark Carney. Van Steenis says while traditional banks are always trying to fend off competition from new fintech platforms, he’s

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Russian Institutions Back Proposal to Let Companies Use Cryptocurrency

Russian Institutions Back Proposal to Let Companies Use CryptocurrenciesAn idea to allow companies from certain sectors and in some regions to use cryptocurrencies is gaining traction in Russia. The proposal has been included in a draft law prepared by the Economy Ministry, a high-ranking parliamentarian has voiced his support, and big business is discussing its implementation. Also read: No Reason to ‘Bury’ Cryptocurrencies, […]

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Peer-to-Peer Trading Platform Bitquick Implements Bitcoin Cash Support

Peer-to-Peer Trading Platform Bitquick Implements Bitcoin Cash SupportOver-the-counter marketplace Bitquick has announced the company is now supporting multiple cryptocurrencies and has officially added bitcoin cash (BCH) to the platform. Now cryptocurrency users can purchase BCH in as little three hours as traders buy and sell coins in a peer-to-peer fashion. Also Read: Regulations Have Ruined the Physical Bitcoin Industry Bitquick Exchange Adds BCH […]

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‘Satoshi Way’ Course to Prepare Crypto Developers in Ukraine

‘Satoshi Way’ Course to Prepare Crypto Developers in UkraineUkraine’s crypto business sector has decided to address the deficit of developers in the field. Several companies, the industry’s association and an educational organization have teamed up to organize a professional course that will teach students how to create solutions utilizing crypto technologies. Also read: No Reason to ‘Bury’ Cryptocurrencies, Russian PM Medvedev Says Win-Win […]

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PR: trade.io Turns up the Heat With Massive Airdrop – Attractive Trading Competition

trade.io Turns up the Heat With Massive Airdrop - Attractive Trading CompetitionCALLING ALL TRADERS!
Think you’re good at trading… Well, it’s time to put your skills to the test.

Hong Kong – Cryptocurrency exchange, trade.io, continues to make waves in the crypto space as it is set to launch a series of exciting trading competitions to add to their line-up of innovative products and services.

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South Africa Establishes a Consultation Paper to Regulate and De-Anonymize Bitcoin Transactions

By CCN.com: The South African Reserve Bank has released a consultation paper to regulate cryptocurrencies in the region. However, the government is seemingly introducing banking-like features to the crypto-markets, going against the very ethos of what Bitcoin stands for. The bank chooses to call cryptocurrencies as crypto “assets” over the former term, deeming the distinction

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eToro Wallet Review (version 4.0.1)

This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. The article is penned by Shiran Herzberg, Tel-Aviv based finance expert, entrepreneur, and Cryptocurrency enthusiast. Fascinated with current opportunities in blockchain as well as the latest advances in smart mobility.

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