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Crypto News

July 08, 2019

Over the next few weeks, the US Internal Revenue Service (IRS) is expected to present an updated version of its Bitcoin and other cryptocurrency guidelines. Changes to the document were made under pressure from a group of more than 20 congressmen, who in April called for clearer answers on the taxation of this class of assets, writes WSJ.

Shares in the Scottish brewery BrewDog are now available to investors for Bitcoin and almost a dozen other cryptocurrencies, according to a company press release earlier this week.

Sale of shares for cryptocurrencies started in the framework of the new investment round of the Equity for Punks campaign and will last until April of next year. In addition to Bitcoin, you can also purchase them for Bitcoin Cash, Bitcoin SV, Ethereum, Litecoin, Omisego, Qtum, Augur, Ripple and 0x.

Software developer BlockStream announced that the Green Wallet mobile wallet now supports third-party Liquid Network. According to the company’s blog post, wallet users can now store, send and receive Liquid Bitcoin (L-BTC) and other digital assets released on the Liquid sidechain.

Ukrainian hacker was selling account passwords of crypto exchanges. In the Cherkasy region, the cyberpolice exposed a young man who spread malware to steal confidential information. This was reported in the communication department of the police of Cherkasy region.

CME will change the benchmark rate and index associated with Ethereum. The Chicago Mercantile Exchange Group (CME) will change the benchmark rate and index associated with the Ethereum cryptocurrency

A blockchain summit will be held at Alliance University in India. India will host a large-scale summit on cryptocurrencies. The event was organized by Alliance University specialists, who reported that a meeting with experts would take place even against the backdrop of the ban on digital assets in the country.

A few days ago, the European trading platform Bittrex announced the listing of EOS cryptocurrency. Twitter says that the cryptocurrency exchange has opened EOS wallets, and trading will begin soon.

EOS New York, which is one of 21 block producers (Block Producer or BP) of the EOS blockchain, participated in this process, demonstrating how BP can also help expand and improve the system.

Unfortunately, EOS-trading will not be available to users from the United States, since the listing concerns only Bittrex International. Also, they will lose the ability to use cryptocurrency. EOS is one of another 32 cryptocurrencies limited in the US market.

AMB Crypto notes that over the past seven months, the market capitalization of a steymbcoin Gemini Dollar (GUSD) has decreased by 88%. It seems that this is due to significant competition from such coins as Tether and Paxos.

In December 2018, the capitalization of the GUSD coin was $ 103.91 million, and now it has dropped to $ 12.23 million.

On the other hand, the capitalization of the stablecoin Tether, which is still in opposition to the Attorney General’s office in New York, is $ 3.66 billion. Stable Coin Paxos Standard also firmly holds its position, although it is not as strong as Tether — $ 158.6 million.

It seems that now GUSD does not attract the audience, as the creators, owners of the Gemini exchange, the Winkloss brothers hoped for.

At the end of June, the Chinese mining giant Bitmain completed the signing of option contracts for shares with its employees, preparing for the upcoming IPO. This is reported by local media, citing sources in the company. They noted that previously it was supposed to provide an opportunity to participate in the property of the company only to employees who joined it until October 2015, and some key technical specialists.

“But this time, all employees who worked in the company by the beginning of 2018 with certain ranks will be given options. This means that almost all employees will be given the opportunity to participate in the company, ”explained a source from Bitmain.

The second largest bank in South Korea, Shinhan Bank, will redouble its efforts to track cryptocurrency traders’ accounts. It is reported that the bank plans to increase the number of employees controlling such accounts, as well as continue to develop systems related to fraud detection and transaction monitoring.

In addition, Shinhan Bank will work on the creation of artificial intelligence systems to detect suspicious activity. The ultimate goal of the bank is a complete ban on anonymous cryptocurrency transactions in the country.

Deputy Governor of the Bank of Japan Masayoshi Amamiya (Masayoshi Amamiya) believes that central banks will not be able to use the issue of digital currencies (CBDC) to conduct an effective policy of negative interest rates.

In addition to the Bank of Japan, for example, the European Central Bank adheres to a similar policy. Regulators seek to make money “cheaper” in this way in order to disperse inflation. In Japan, the economy has for many years been struggling with deflation, which has a negative effect on domestic demand, and the eurozone cannot approach its planned annual inflation rate of 2%.

According to Amamiya, if central banks release digital currencies and apply negative interest rates to them, households and companies will turn to cash to avoid paying for CBDC storage.

The developers of cryptocurrency Monero in recent days revealed information about nine vulnerabilities, writes The Next Web. One of them supposedly allowed XMR coins to be stolen from exchanges.

Up until March, malicious miners Monero hypothetically could create special blocks to use them for crediting XMR fake deposits to third-party wallets in the amount set by the organizer of the attack.

“We believe that this vulnerability can be used to steal money from cryptocurrency exchanges,” said a security researcher who first reported vulnerabilities through the HackerOne portal. Subsequently, for his discovery, he received an award of 45 XMR ($ 4,100).

Information was also disclosed about the five vectors of DoS attacks, and one of the vulnerabilities was rated as “critical”.

Alex Zaskalov
Ex Pi

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