Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

(USA) Gross income taxation on mined / validated ETH

Was reading over this from the IRS: https://www.irs.gov/pub/irs-drop/n-14-21.pdf Specifically this: Q-8: Does a taxpayer who “mines” virtual currency (for example, uses computer resources to validate Bitcoin transactions and maintain the public Bitcoin transaction ledger) realize gross income upon receipt of the virtual currency resulting from those activities? A-8: Yes, when a taxpayer successfully “mines” virtual…
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Is anyone else not holding ANY Bitcoin?

I am fairly new to crypto, early January of this year, and my original portfolio had a big chunk of BTC. But after watching basically everything else in my portfolio outperform it, I have slowly migrated out of Bitcoin for now, at least during this bull run. The odd thing is, I can't see any…
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Report Claims the FBI Uses Bitcoin Mixers During BTC Forfeiture Processing

Over the last eight years, U.S. law enforcement has seized a great number of bitcoins and at one time, the Federal Bureau of Investigation (FBI) held one of the largest bitcoin wallets after the Silk Road takedown. A recently published report shows the FBI has started using cryptocurrency mixing applications in recent times in order […]

So yesterday I got a scam Cryptocurrency and Fintech site shut down…

DOI: Am presently a no coiner and the story explains at least one of the reasons why. There is a genuine company called Palafox Trading LLC which is a subsidiary of Citadel Securities in the USA. The genuine Palafox Trading – as I have now learnt – does not deal with the public. Someone had…
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The internet is heading towards rewarding the user instead of just exploiting them

After signing up to reddit and becoming a part of this beautiful sub I have learned an insane amount of information and this is my take on a small portion of it. Let’s start with reddit and MOONS. I know at the moment even though the amount of moons per karma has decreased incredibly it’s…
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Ether the asset is not decentralized like the Ethereum network

tldr: centralized exchanges like Coinbase, Kraken, Binance, regulate the capacity for people to jump onto the Ethereum network by allowing people to send their Ether off their exchange. What could we do if the SEC rolled in and stopped all of these Centralized exchanges from allowing the everyday user to send their Ether out of…
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Can’t recover old Parity wallet from a JSON file

Hey, so a while back I was using Parity, and I have a few of these JSON files which I'm pretty sure I used to access my wallets. I've got no phrases, nothing else, just the files. I'm pretty sure I know their passwords, but since Parity's deprecated, I can't access them. I've tried MEW,…
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Why do altcoins have poor sync performance

Having worked on several altcoin projects I can say one thing they all have in common is poor sync performance. Perhaps they were forked from Bitcoin before headers first sync was added, perhaps their code has been so hacked about that it's just too buggy. I often see obvious sync performance issues swept under the…
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First RVN rig!

submitted by /u/aawoodr [link] [comments]