J.P. Morgan Chase CEO Jamie Dimon has declared that he does not mind paying higher taxes as long as they are used where they are “most effective”. His comment comes as something of a bolt from the blue in the midst of a polarizing debate on whether the highest-earning Americans should be required to pay a top marginal tax rate of 70 percent as proposed by a number of prominent House Democrats. Speaking to CNBC on Wednesday, Dimon said: I believe that individuals earning the most can afford to pay more, and I have no problem paying higher taxes to address
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The post IPSX Launches Global IP Address Marketplace to Solve a Billion Dollar Problem appeared first on CCN
ConsenSys backed “sustainable journalism” marketplace Civil isn’t raising as much as it had hoped in its ICO. Civil’s ambitious plans have been picked apart by, you guessed it, journalists.
Free Press or Censorship
Civil’s approach to revolutionizing journalism has been questioned in a recent post by Financial Times’ Alphaville. Like many blockchain platforms, Civil’s design is based on the ever-growing concept of “crypto-economics,” reward and monetization of activities using cryptocurrency tokens or coins.
A public study conducted via a survey of over 7,400 gamers has recently been published, finding, “important links between loot box spending and problem gambling.” Published by the Australian Environment and Communications Reference Committee (ECRC), the survey was written in response to a scholarly journal published in Nature Human Behaviour, titled, “Video game loot boxes […]
New York Attorney General, Barbara Underwood has spoken out about a distinct lack of customer care seen within many cryptocurrency exchanges, a statement that very much goes against many exchanges moves towards becoming a safe haven for cryptocurrency investors.
Underwood believes that the nature of exchanges means they do not have the customers best interests at heart and therefore customers are not protected against the threats of the cryptosphere. Moreover, Underwood believes that manipulation is still rife within many exchanges, which in turn is causing further problems elsewhere.
Cryptocurrency is rife with problems, we know that, otherwise Bitcoin would have been adopted years ago. The good thing is, a lot of these problems can and will be addressed. When we think of problems, we think of things like hacks, security, volatility and accessibility. Regarding cryptocurrency funding on the other hand though, a founder of Ethereum, Vitalik Buterin has located a major problem in a paper, co-written by Zoë Hitzig of Harvard University.
The problem, free riders.
Zeeshan Feroz, CEO of Coinbase UK, spoke with CCN recently about the recent developments in the cryptocurrency exchange industry and the space as a whole. Feroz has been with Coinbase since February 2017 and notes that the UK is the company’s fastest growing market. After opening a London office in March of last year the
The post Interview: Coinbase UK CEO Explains Why a Lack of Regulation is the Biggest Problem Facing Cryptocurrency appeared first on CCN
A newly released study asserts a large amount of electricity is eaten up as Bitcoin00 is exchanged and mined. The author suggests these consumption habits could be churning out enough carbon emissions to affect global climate change.
The relationship between Bitcoin00 and energy has always been somewhat complicated.
Many people have come to odds with miners who set up operations in smaller towns and communities and promise big opportunities, but instead throw power grids into disarray by consuming large amounts of electricity.
Capital gains on crypto transactions are easy to track, one at a time. What about when there are thousands?
Cryptocurrency capital gains taxes are becoming a point of interest for governments. In 2017, which will likely come to be known as the year crypto went mainstream, the combined market cap for all cryptocurrencies rocketed up from 15 billion to over 600 billion dollars. This kind of growth is hard to ignore — not just for the day traders and blockchain evangelists but for governments as well. This article focuses on how the United States specifically approaches crypto taxation.
Thailand is taking a rather proactive approach towards regulating the field of cryptocurrencies. In search of legislative balance, the country passed a new law which is putting an end to a long-standing debate.
Currency or Security? Why Not Both?
Skipping the debate that regulators across the world are seemingly unable to settle on, Thailand has passed an entirely new law defining digital assets as both currencies and securities — depending on their intended purpose.
Under the Digital Asset Business Decree, as the law is dubbed, regulators define two types of digital assets. “Cryptocurrencies” are used as a medium for exchanging goods, while “digital tokens” are defined as rights to take part in an investment or to receive specific goods.
Anti-fraud software company MetaCert has a fix for the simplistic yet frequently effective rackets that have come to plague cryptocurrency’s online communities: Twitter scams.
Cryptonite, as it’s playfully dubbed, is MetaCert’s solution to safeguard users from the fraudulent accounts that orchestrate fake giveaways under the guise of industry leaders. Typically, these accounts masquerade as the blockchain industry’s high-profile individuals. Within the Twitter statuses of the individuals in question, these fraudsters mimic verified accounts with picture-perfect doppelgängers, advertising giveaways that ask users to send cryptocurrencies, usually bitcoin or ether, to an address to receive a larger sum in return.
As Ethereum (ETH) struggles to break free of its steep downward trend, rumors of a new Bitmain ASIC mining rig continues to hold the price down.
A Changing Landscape for Ethereum Mining
Rumors are swirling through the cryptocurrency market in regards to a new ASIC mining rig from Bitmain, built specifically for Ethereum mining.
According to a CNBC report cited by TechCrunch, the rumors surfaced after analyst Christopher Rolland visited China and learned of a new Ethereum-dedicated ASIC chip in development. Wrote Rolland in a note to clients:
In case you hadn’t noticed, identity management is broken.
We have been looking for ways to prove that we are who we say we are quickly and safely for years, and it isn’t working. It’s one problem that the Cupertino, California-based blockchain technology startup ShoCard is hoping to solve.
If you sold tokens to unaccredited investors, or otherwise have not complied with the federal securities laws, make it right before the SEC finds you.
In the world of today, facial recognition is quite a common feature and is being used by almost one and all. From banks to visitors at home, start-ups to large organizations, this technology is now also being used to gain access to mobile devices and social media platforms as well.
The basic proposition of this technology is very simple; the user’s facial features are recorded in a database, and every time a user accesses his/her account, the image is checked with that in the records. If both the images match, the user has the permission to log in.
On today’s episode of The Cryptoverse:
1. And Is Poloniex having trouble with withdrawals?
2. It looks like AlphaBay has closed for good
3. There’s evidence that the Bitcoin network has been under sustained spam attack
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