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19 Apr

NASA Considering Ethereum Blockchain for Space Exploration Project

By Daniel Zo Blockchain, Ethereum, NASA Read Comments

So far, there hasn’t been much news regarding any involvement of NASA with blockchain technology, or digital currencies. However, things are about to change, as a research project that recently received funding from NASA, will be looking for ways to leverage Ethereum’s smart contracts, to help automate spacecraft manoeuvring and avoid space debris.

NASA, which is also co-running the research and development effort of the project, has mentioned that the development may revolutionize the search for deep space probes. To put things better into perspective, NASA is investing in a project that would use blockchain and smart contract technology to not only enhance space communications, but also to make navigation efforts safer and more efficient.


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17 Apr

Less than 100 People Reported Crypto Income to IRS, Warning Issued

By Daniel Zo USA, IRS, Digital currencies, Trading, Cryptocurrency Read Comments

During the last couple of years, all around the world, there have been numerous discussions on what the proper taxation mechanism for digital currencies is. The lack of a united approach towards this issue has led to countries implementing vastly different taxation policies.

The issue goes deeper, as in the United States, citizens aren’t yet sure what approach they should consider when doing their taxes. While the IRS has provided guidance on bitcoin transactions for a couple of years, bitcoin is considered as property. This means that the purchase, trade, sale and mining of crypto can be regarded to as taxable actions.


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16 Apr

Will Crypto Prices Continue their Bullish Price Increase?

By Daniel Zo Digital currency, Cryptocurrency, Bitcoin, IRS, USA, Atlas Quantum Read Comments

The last couple of months have been nothing short of incendiary for digital currency users throughout the world. Following Bitcoin’s massive increase to $20,000 in 2017, the coin has been facing large volatility ever since. A few days ago, the bitcoin price managed to rebound more than $1,000 in less than 24 hours, after its price increased from $6,900 to over $8,000.

Economic analysts have found plausible reasons for both the decrease and increase in price. To kick things off, the price fall sustained until now, can be attributed to fear-selling, tax liability and regulatory changes. Tax liability is a bigger issue than people expected at first, considering the fact that the large price increase created massive short-term gains, which are taxable by the Internal Revenue Service (IRS), in the United States. With $590 billion in value created in 2017 alone and U.S. holders capturing roughly 30% of value growth, many had to sell in order to keep their taxes in check, and avoid any issues with the IRS.


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30 Mar

Google is developing its own Blockchain Technology for Cloud Storage and Data Servers

By Daniel Zo Blockchain, Google, Cloud Read Comments

During the last couple of years, the popularity of blockchain technology has quickly increased, with start-ups, corporations and financial institutions investing considerable amounts of money in its development.

Now, recent reports indicate that the Alphabet Inc. unit, the parent company of Google, is working on their very own blockchain to help support its cloud business, while also staying ahead of the competition. Companies mostly use blockchain technology to record transactions, and process data securely over the internet. This is a service that Google could definitely use in various ways, such as assuring customers that their data is protected, even when stored in their data centres, powering up the cloud storage facilities.


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05 Mar

Bitcoin Pizza Day Protagonist Tests out Lightning Network

By Daniel Zo Bitcoin, Lightning Network, Pizza Day Read Comments

If you have been involved in the bitcoin market, then chances are that you’ve heard of Bitcoin Pizza Day, a celebration of the time when Laszlo Hanyecz purchased two pizzas with 10,000 BTC, in order to prove that the digital currency can be used as a means of value.

When it happened, the transaction represented one of the world’s first purchases made directly via the digital currency. At current value, this is roughly worth over $100 million, a massive price for two pizzas.

Now, recent reports indicate that the early adaptor and bitcoin developer, wanted to test out the Lightning Network, a fairly controversial technology whose purpose is to run parallel to a blockchain, to speed up transactions. To do this, Hanyecz decided to purchase 2 pizzas for 0.00649 BTC, equal to $67 at the current market value. The transaction cost for this purchase using the Lightning Network was of only 6 U.S. cents, considerably lower when compared to current transaction fees for bitcoin.


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27 Feb

Self-proclaimed Bitcoin Inventor, Accused of Swindling $5 Billion in Crypto

By Daniel Zo Bitcoin, Craig Wright, Kleiman Read Comments

Craig Wright is perhaps one of the most well-known names in the digital currency industry, especially since he has proclaimed himself as the inventor of bitcoin. While Wright has never managed to prove that he is in fact Satoshi Nakamoto, he has recently come under fire, as he is being accused of swindling $5 billion worth of digital currency alongside other assets from the estate of a computer security professional.

To put things better into perspective, Craig Wright allegedly used phony contracts and signatures, to lay claim to bitcoin that had been mined by Dave Kleiman, one of Wright’s colleagues, who unfortunately died back in 2013.


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23 Feb

ICO Start-Ups to Create Ethereum Community Fund to Sponsor Projects

By Daniel Zo Ethereum, ICO Read Comments

Given its versatility, Ethereum has grown to not only be known as a digital currency, but rather as a platform for creating innovative, crypto-based projects as well. In an effort to further encourage development of apps, services and tokens on the Ethereum platform, six large blockchain-related companies alongside with a Japanese venture capital firm, have decided to create the Ethereum Community Fund (ECF).

According to recent reports, the purpose of the ECF will be to fund projects and businesses that are part of the Ethereum ecosystem. At the beginning, the community fund will start with $100 million, raised by six projects alongside the venture capital firm. Reports indicate that the Ethereum creator, Vitalik Buterin, will be part of the advisory body.


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21 Feb

Anonymous Trader Purchases $400 Million-Worth of Bitcoin

By Daniel Zo Bitcoin Read Comments

During the last couple of weeks, the digital currency market has been affected by massive price swings, which have led to high speculation, bearish trends and an overall decrease in popularity for the market.

However, things are about to change, as recent statements given by economic analysts, are predicting that prices will return to the high values that they’ve been known for. While BTC is currently priced at $10,000, this figure remains low when compared to its $20,000 all-time high, yet still much higher when compared to its value several months ago.


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09 Feb

European Commission announces Blockchain Observatory & Forum

By Daniel Zo Blockchain, EU, European Commission Read Comments

While digital currencies seem to be losing value given the massive bear going on at this moment in time, institutions, governments and international organizations throughout the world are showcasing an increased interest towards blockchain, the underlying technology of bitcoin and many other cryptocurrencies.

With this aspect in mind, recent reports indicate that the European Commission has decided to launch their very own EU Blockchain and Observatory Forum, in order to boost blockchain-related projects within the European Union. For those who do not know, the European Commission is the executive body of the EU, in charge with legislative initiative, budget management and control over other EU institutions.


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17 Jan

South Korea Considers Banning Digital Currency Trading

By Daniel Zo Cryptocurrencies, Ban, South Korea Read Comments

Leaving aside the massive growth in value for Bitcoin in 2017, the digital currency is off to a rocky start in 2018. This is mostly due to increased volatility, given the end of the holiday season, alongside with several world events, with direct consequences in the bitcoin price.

Therefore, on the 9th of January, the bitcoin price plunged by roughly 13.5%, which is approximately $2,000, following news that South Korea is actively planning to ban digital currency trading within the country.


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