September 18, 2019 - Smart Wealth Investments

Tiny Block Advocates Speak Up After Veriblock ‘Abuses’ Bitcoin’s Block Size

September 18, 2019 SmartWealth

The BTC community recently celebrated the fact that Segregated Witness (Segwit) transactions accounted for 50% of transactions and bech32 transactions doubled as well. However, the celebration quickly came to an end when a few Bitcoin Core developers found out where the transactions derived from and got upset at the Veriblock project for using scarce block space. Bitcoin Core developer Luke Jr urged the BTC community to reduce the block size limit. He further called Veriblock “spammers” and abusers of Segwit’s “block size increase to gain an advantage over legit Bitcoin…

Taxation Isn’t Just Theft – It’s Bad for Crypto Adoption

September 18, 2019 SmartWealth

Crypto awareness is reaching levels almost unimaginable just years ago, with telecommunications giants, big banks, mainstream media, and even professional sports teams now discussing and flouting digital assets. AT&T now allows customers to pay their phone bills in bitcoin, Japanese SMS giant Line is adding an FSA-approved crypto exchange to its hugely popular chat app, and the NFL’s Miami Dolphins have named litecoin their “official cryptocurrency.” Still, with all its wonderful attributes, it’s puzzling to some why crypto isn’t even bigger than it already is, and the answer may lie…

MasterBlock: A Unique Time-Piece With an Amazing Secret

September 18, 2019 coinmaker

The world’s first Swiss mechanical watch will soon be available for certification on a blockchain. Additionally, the project says that each and every model afterwards, will have an irresistible secret hidden within. The project is being developed by Gvchiani and Cryptolex and is called MasterBlock. This limited-edition timepiece is created to pay tribute to blockchain technology and cryptocurrencies. Its design is rather unusual, but that’s to be expected. It has a block-shaped appearance and is built with DLC titanium. The X outline is created so it reflects the monetary code…

United States Army Looking For Blockchain Experts

September 18, 2019 coinmaker

A pre-solicitation notice for crypto investigation service providers has been issued by the United States Army. In the post from July 25th, the United States Army Contracting Command (ACC) is stated that the ACC is not bind to solicit or award a contract. The ACC further clarifies that the crypto analytic solution is being pursued mainly to be used by the US Army Criminal Investigation Command (USACIDC). The blockchain experts who eventually get hired, will work to aid the USACIDC in criminal investigations and other missions related to the illegal…

Bitcoin Cash Futures Expected to Open up US Market by Q1 2020

September 18, 2019 SmartWealth

Futures contracts on bitcoin cash can be available at a CFTC-regulated exchange by the end of this year or the first quarter of 2020. This will allow institutional U.S. investors to trade on a derivative of the cryptocurrency and bring in more trading volume for BCH overall. Also Read: HTC Adds Native Bitcoin Cash Support to Its Flagship Smartphone Bitcoin.com Champions Bitcoin Cash Futures Bitcoin.com is in discussions about listing a bitcoin cash (BCH) futures contract on a new exchange with approval from the U.S. Commodity Futures Trading Commission (CFTC).…

BTC.com’s Bitcoin Mining Pool Dominance Threatened by Poolin

September 18, 2019 coinmaker

This article was originally published by 8btc and written by Lylian Teng. On September 16, 2019, BTC.com, Bitmain’s mining pool, lost its years’-long first place position to another China-based mining pool, Poolin, whose real-time hashrate read 13,378.00 PH/s at one point. BTC.com, supported by the advantages of Bitmain’s bitcoin mining machines, has been the largest bitcoin mining pool for years. In the first half of 2018, the hashrate of mining pools under Bitmain (with BTC.com, AntPool and ViaBTC included) was approaching the dreaded 51 percent threshold needed to stage a…

Discovering Bitcoin Part 3: Introducing Money

September 18, 2019 coinmaker

This is the third installment of bitcoiner Giacomo Zucco’s series “Discovering Bitcoin: A Brief Overview From Cavemen to the Lightning Network.” Read the Introduction to his series, Discovering Bitcoin Part 1: About Time and Discovering Bitcoin Part 2: About People. In this installment of the “Discovering Bitcoin” series, we will build on the previously acquired strategies of exchanging wealth, specializing production and focusing on goods with good physical “hardness,” “scaleness” and “darkness” to explore concepts of scarcity, liquidity and social “hardness.” From Barter … to Liquidity Maximization … This third…

U.S. Government Sues Snowden for Profits of Memoir, Speaking Engagements

September 18, 2019 coinmaker

Uncle Sam has filed a civil lawsuit against political exile Edward Snowden for violating CIA and NSA secrecy agreements by writing and speaking about his time at the agencies. Edward Snowden, 36, has been living in asylum in Russia since he leaked highly classified documents in 2013 which detailed the NSA’s international mass surveillance system, a digital panopticon that gave the U.S. government access to virtually any device connected to the global telecommunications grid. His recently published memoir, Permanent Record, details this whistleblowing and his near-seven year stint at the…

Snowden: US Seizing My Book Revenue is ‘Good for Bitcoin’

September 18, 2019 SmartWealth

Former U.S. National Security Agency (NSA) subcontractor Edward Snowden is being sued by the Department of Justice (DoJ) for his latest memoir. The agency won’t stop Metropolitan Books from publishing Snowden’s new book but the government will take the revenue he earns from the memoir instead. Following the book publishing fiasco, Snowden said that the outcome was “good for bitcoin.” Also read: India’s Popular ‘Who Wants to Be a Millionaire’ Show Gives Crypto a Boost US Justice Department Files Lawsuit Against Edward Snowden and Seizes Memoir Revenue The 36-year old…

10 Tax Tools to Help Crypto Owners

September 18, 2019 SmartWealth

While tax laws on cryptocurrency vary by jurisdiction, there are many useful tools to help you calculate crypto taxes, lower your tax liabilities, and simplify your filing — no matter where you are. Many of them work globally, supporting tax forms of multiple countries, and can import data directly from all major crypto exchanges. Also read: Central Banks Worldwide Testing Their Own Digital Currencies Crypto Tax Tools Tax laws and filing obligations may vary from country-to-country, state-to-state, and even city-to-city, but there are many tools that work worldwide to help…