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Investigating Digital Assets in Japan Stymied by Nature of Crypto

Source Node: https://cointelegraph.com/news/investigating-digital-assets-in-japan-stymied-by-nature-of-crypto
Time Stamp: April 6, 2020 10:06 PM - Modified On: May 21, 2021 - Published By:
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According to top government officials in Japan, the current national tax system is not yet capable of accepting declarations of digital assets, potentially leading to outflows overseas.In a Q&A session at the Financial Statements Committee on April 6, Representative Shun Otokita of the Japan Innovation Party pointed out the importance of market research for the introduction of separate taxes for crypto currencies.Otokita was concerned with the current high-tax system in Japan. He acknowledged that it would be difficult to quickly change the tax code to apply to digital assets, and

Ethereum DApps: How to Listen for Events

Source Node: https://medium.com/better-programming/ethereum-dapps-how-to-listen-for-events-c4fa1a67cf81?source=rss-------8-----------------cryptocurrency
Time Stamp: April 6, 2020 11:28 AM - Modified On: May 21, 2021 - Published By:
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Using the instance we created in step 2, we can subscribe to listen out for any events that it emits.Figure 4: Subscribe to ‘MyEvent’As stated earlier, the event we want to listen for is called MyEvent, and figure 4 shows us how. Our myContract instance has an accessor called events from which we can target MyEvent. This is an asynchronous function that returns a promise, and it’s called every time MyEvent is emitted.Line 3 defines what happens once data has been returned from the promise. Here we’re simply logging the

April Fools, Celebrity Scams, & Manipulated Markets: Bad Crypto News of the Week

Source Node: https://cointelegraph.com/news/april-fools-celebrity-scams-manipulated-markets-bad-crypto-news-of-the-week
Time Stamp: April 4, 2020 3:56 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin seems to be settling happily above $6,000 and is currently just north of $6,500 again. Let’s hope we’ve seen the last of those $5,000 movements and we’re ready for a steady climb back to double figures before the halving in mid-May. It’s getting closer.In the meantime, the Federal Reserve now appears to have merged into the federal government. An opinion piece in Bloomberg has described how an alphabet soup of financial programs intended to help the economy through the current crisis is allowing the government to buy up securities

South African National Blockchain Alliance Holds Online Launch

Source Node: https://cointelegraph.com/news/south-african-national-blockchain-alliance-holds-online-launch
Time Stamp: April 3, 2020 1:56 PM - Modified On: May 21, 2021 - Published By:
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The South African National Blockchain Alliance carried out an online livestream launch while the country is in the midst of a 21-day lockdown to curb the spread of the coronavirus pandemic. The organization was due to be launched at the beginning of April in Johannesburg but had to be taken online as South Africa and the world tackles a global health crisis.The launch happened during a livestream on YouTube on April 3, which included a panel of speakers elaborating on how SANBA will help nurture blockchain-focused startups and companies that

Stellar Will Give 2.5 Million Lumens To Charities to Help During Crisis

Source Node: https://cointelegraph.com/news/stellar-will-give-25-million-lumens-to-charities-to-help-during-crisis
Time Stamp: April 2, 2020 8:24 PM - Modified On: August 29, 2021 - Published By:
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The Stellar Development Foundation has committed up to 2.5 million Lumens to six non-profit organizations to help out during the coronavirus crisis — and they’re calling on the community to help. The SDF will kick the initiative off by donating 100,000 XLM each to six charities, with the remaining funds used to match community contributions on a one-to-one basis throughout April. Strong balance sheetSDF CEO Denelle Dixon told Cointelegraph the Foundation was lucky enough to be in a strong financial position to be able to help:“We're in the fortunate position of having

What to Expect When You’re Expecting… the Bitcoin Block Halving

Source Node: https://cointelegraph.com/news/what-to-expect-when-youre-expecting-the-bitcoin-block-halving
Time Stamp: April 2, 2020 4:39 PM - Modified On: August 29, 2021 - Published By:
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Many industry experts hold varied expectations for Bitcoin’s price following the block reward halving in May, proving 2020 is anything but mundane. “On both prior occasions, Bitcoin surged to a new all-time high within 12 months, with the latest coming in December 2017 when the price reached about $20,000, which was followed by a massive decline,” Bill Herrmann, CEO of alternative investment banking firm, Wilshire Phoenix, told Cointelegraph in an email on March 10. Herrmann also pointed out that Bitcoin’s market has matured compared to past years, noting that information available to

Beware! Scammers Are Out for Crypto Amid the Coronavirus Pandemic

Source Node: https://cointelegraph.com/news/beware-scammers-are-out-for-crypto-amid-the-coronavirus-pandemic
Time Stamp: April 2, 2020 3:52 PM - Modified On: August 29, 2021 - Published By:
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As the world continues to battle with the deadly coronavirus pandemic, immoral cybercriminals are once again on the prowl. This time, they are using the chaos and fear through phishing techniques and sophisticated malware hacks to access people’s crypto holdings.On March 27, residents in the United Kingdom received warnings from their local councils “to be on their guard against a series of scams attempting to take advantage of the coronavirus outbreak.” Scammers have been using other tricks to lure victims, including the use of false Bitcoin (BTC) donation channels, fake

Ethereum Founder Tells Bitcoin Dev: BTC Wasn’t Always ‘Digital Gold’

Source Node: https://cointelegraph.com/news/ethereum-founder-tells-bitcoin-dev-btc-wasnt-always-digital-gold
Time Stamp: April 1, 2020 7:21 PM - Modified On: August 29, 2021 - Published By:
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Ethereum co-founder Vitalik Buterin was involved in a spat with a Bitcoin developer on Twitter yesterday, when he suggested BTC was originally designed to be P2P cash, not digital gold.Replying to Blockstream employee Zack Voell who claimed that Bitcoin was, is, and always shall be digital gold, Buterin pointed out the narrative had changed since 2011:“I joined Bitcoin land in 2011 and back then I remember a clear vibe that Bitcoin was P2P cash first and gold second.”Source: Twitter: Vitalik Buterin, Zack VoellButerin’s view that Bitcoin was originally intended to

Amended Ripple Class-Action Covers Possibility XRP Is Not a Security

Source Node: https://cointelegraph.com/news/amended-ripple-class-action-covers-possibility-xrp-is-not-a-security
Time Stamp: April 1, 2020 11:07 AM - Modified On: August 29, 2021 - Published By:
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An amendment to the class-action lawsuit against Ripple, filed March 25, included additional claims of false advertising and unfair competition, “under the alternative theory that XRP is not a security.”The disgruntled investors’ sixth and seventh claims for relief would appear to be a direct hedge in the event that the judge rules against the original suit suggesting that XRP was illegally sold as an unregistered security.Hedging their betsThe filing included two additional claims for relief, in relation to alleged false advertising and unfair competition, both in violation of the California

Cardano’s Byron Reboot Goes Live, Paving Way to Shelley Mainnet

Source Node: https://cointelegraph.com/news/cardanos-byron-reboot-goes-live-paving-way-to-shelley-mainnet
Time Stamp: April 1, 2020 8:17 AM - Modified On: August 29, 2021 - Published By:
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Proof-of-stake (PoS) blockchain Cardano (ADA) went live with its Byron reboot yesterday, March 30, as the project prepares its transition to the Shelley mainnet.Announced by Cardano’s developer, the peer-to-peer technology firm Input Output Hong Kong (IOHK), the reboot involves a series of updates to major components of the Cardano network — the Cardano node, explorer, and Daedalus wallet backend, which is being spun out as a new version, Daedalus Flight.A process, not an eventIn an outline of the reboot’s significance, which has taken 18 months to complete, IOHK explained that

Bitcoin Codebase Preserved for 1,000 Years in Archive Under Arctic Ice

Source Node: https://cointelegraph.com/news/bitcoin-codebase-preserved-for-1-000-years-in-archive-under-arctic-ice
Time Stamp: April 1, 2020 6:55 AM - Modified On: August 29, 2021 - Published By:
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A snapshot of the Bitcoin codebase will be encoded onto film reels and stored for a thousand years under the arctic ice in Svalbard, Norway. The move is part of the GitHub Archive Program, with a mission to preserve open-source software, for future generations to learn about the culture of today.GitHub has partnered with institutions such as the Software Heritage Foundation, Arctic World Archive, and Oxford University’s Bodleian Library to ensure the long-term preservation of code, which could otherwise be abandoned, forgotten or lost.With the ephemeral nature of much of