US Army Seeks Blockchain Experts Who Can Trace Bitcoin in Real-Time

The United States Army Contracting Command of New Jersey has issued a pre-solicitation notice for cryptocurrency investigation service providers. The United States Army Contracting Command (ACC) of New Jersey has issued a pre-solicitation notice for cryptocurrency investigation service providers.  As a pre-solicitation, posted on July 25, the notice and the ACC’s responses do not bind ACC to solicit or award a contract. For use in criminal investigations According to the ACC, the cryptocurrency analytics solution is being sought for use by the U.S. Army Criminal Investigation Command (USACIDC) for use…

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Bitcoin Is the Fraud? JPMorgan Metals Desk Fixed Gold Prices for Years

A new investigation is focusing on thousands of illegal moves by the bank’s precious metals desk over an eight-year period. The United States’ largest bank faced fresh ridicule from Bitcoin (BTC) circles this week after prosecutors said traders had conducted more market fraud. As Bloomberg reported on Sept. 16, JPMorgan Chase is facing an inquiry over the behavior of at least a dozen precious metals traders.  JPMorgan performed “thousands” of illegal moves According to investigators, the employees willfully engaged in price-fixing of precious metals on thousands of occasions. Both market…

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20% of Affluent UK Millennials Have Invested in Bitcoin: New Survey

A new survey of affluent millennials in the United Kingdom discovered that 20% have invested in Bitcoin and other cryptocurrencies. London-based law firm Michelmores LLP has surveyed affluent millennials in the United Kingdom and discovered that 20% have invested in Bitcoin (BTC) and other cryptocurrencies.  The survey, reported by FXStreet on Sept. 17, revealed that among those born between 1981 and 1996 with investable assets of £25,000 ($31,000) or more, 20% had invested in the new asset class. Almost 7 times the national average As FXStreet notes, this 20% figure…

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Hedera Hashgraph Launches Mainnet Open Beta and Token Distribution

Distributed ledger platform Hedera Hashgraph announces the launch of the public Open Access to its mainnet beta and the start of HBAR tokens distribution. Enterprise-grade distributed ledger platform Hedera Hashgraph announced the launch of the public Open Access (OA) to its mainnet beta. According to Hedera’s blog post published on Sept. 16, during the OA period, anyone from the general public can create an account while developers can start building decentralized applications, also known as DApps, on the platform. The post continues: “With hundreds of developers already building on the…

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Discovering Bitcoin Part 1: About Time

As anticipated in the introduction to this series, we will start exploring the period of monetary (pseudo)history prior to fiat money, which we call “Plan A,” focusing on the topic of time and on the question “When?” There won’t be much cryptography or computer science in what follows: It will all sound very simple, even … primitive! Indeed, I would ask you, dear reader, to try to forget your advanced education and your civilized manners, and pretend, just for a few minutes, to be a fish-eating caveman. This is the…

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Discovering Bitcoin: A Brief Overview From Cavemen to the Lightning Network

Welcome to the introduction to a series of seven articles, entitled “Discovering Bitcoin: A Brief Overview From Cavemen to the Lightning Network.” “Did You Just Say Seven?” I know what you are thinking, dear reader: Seven articles outlining the history of Bitcoin is too much for your busy schedule and too little to do justice to such an ambitious subtitle. As for your schedule, just relax: Today is Monday and, before next Sunday, you have exactly seven days, one for each article. Bitcoin Magazine suggested that I keep each article…

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Chinese Regulators Demand Cleanup of Bitcoin Mining in Inner Mongolia

This article was originally published by 8btc and written by Lylian Teng. China’s Inner Mongolia Autonomous Region has recently issued a notice demanding a cleanup of bitcoin mining operations within the region where it is concentrated. As local cryptocurrency news outlet ChainNews reported on September 14, 2019, five departments of Inner Mongolia’s government have issued a notice to rectify the bitcoin mining industry within the province. “The ‘mining’ industry of virtual currency belongs to the pseudo-financial innovation unrelated to the real economy, and should not be supported,” according to ChainNews’…

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State Document Reveals Details of Iran’s Cryptocurrency Mining Regulations

Iran’s Ministry of Industry, Mine and Trade is close to finalizing a document that paves the way for legitimizing cryptocurrency mining for local and foreign citizens in the foreseeable future. In early August 2019, Iranian President Hassan Rouhani’s cabinet issued a directive that recognized cryptocurrency mining as an industry for the first time and defined general tenets. Among other things, the directive obligated the ministry to come up with a framework based on which cryptocurrency miners could start working transparently. Previously, those miners had been operating without any state supervision.…

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Bitcoin Hashrate, SegWit Transactions Continue to Reach All-Time Highs

Bitcoin miners are reeling out a higher hashrate than ever as new hardware comes online, and SegWit is keeping pace — cresting 50 percent of network activity over the weekend. The network’s hashrate has continued its steady upward climb, and according to various data sources, is hovering just below 100 exahashes per second (that means that, every second, about 100 quintillion guesses are made to find the next block in the chain). As hashrate rises, difficulty is following closely behind at 11.89 T, and BTC.com expects it to jump to…

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Canada Revenue Agency Audits QuadrigaCX’s Corporate Tax Returns

The Canada Revenue Agency is auditing the corporate tax returns filed by QuadrigaCX, the now-defunct Canadian cryptocurrency exchange. The Canada Revenue Agency (CRA), the country’s tax authority, is auditing the corporate tax returns filed by QuadrigaCX, the now-defunct Canadian cryptocurrency exchange.  CRA’s request for documents and information is significant According to an article by the Globe and Mail on Sept. 16, QuadrigaCX is now being audited by the CRA which has requested the tax returns from Oct. 1, 2015, to Sept. 30, 2018. The Canadian exchange has been generating headlines…

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