Analysis

A new cryptocurrency wallet insurance product from Coincover offers better protection than many existing custodial solutions, the firm says. The Cardiff, U.K.-based risk management provider announced Tuesday that its insurance policy, underwritten by Lloyd’s of London, would now provide Civic wallet users up to $1 million in cover. The insurance is assigned automatically when a
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Crypto-literate public accountants are concerned their clients might face Internal Revenue Service (IRS) audits and penalties for underpaying taxes on their crypto holdings, a new survey finds. Cryptocurrency accounting service provider Blox and tax software developer Sovos conducted a survey of roughly 45 Certified Public Accountants (CPAs) familiar with crypto, finding that the majority believe
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Noelle Acheson is a veteran of company analysis and CoinDesk’s director of research. The opinions expressed in this article are the author’s own and are not investment advice. The following article originally appeared in Institutional Crypto by CoinDesk, a weekly newsletter focused on institutional investment in crypto assets. Sign up for free here. Shuttered shops. Empty streets.
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Bug bounty platform HackerOne severed ties with Medici Ventures-backed Voatz, the blockchain-based mobile voting app for breach of partnership standards.  The removal cuts off Voatz’ access to HackerOne’s network of “ethical hackers” who trade their expertise in finding code faults for cash. HackerOne partners with corporations interested in shoring up potential security vulnerabilities. Across 1,800
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After the weekend slump, many cryptocurrencies made strong gains Monday, as did major stock indexes, while the coronavirus continues to wreak havoc on the global economy. Traders weren’t confident the green flashing across all markets would last, however.   Bitcoin (BTC) climbed 8 percent and ether (ETH) gained 6 percent. Other notable performers include bitcoin SV
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Frances Coppola, a CoinDesk columnist, is a freelance writer and speaker on banking, finance and economics.  Her book “The Case for People’s Quantitative Easing” explains how modern money creation and quantitative easing work, and advocates “helicopter money” to help economies out of recession. With the advent of the coronavirus pandemic, Universal Basic Income has suddenly
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France’s central bank wants to experiment with integrating digital currencies. On March 27, the Banque de France published a request for proposals for CBDC “experiment” applications. These projects will help France’s central bank understand the risks and mechanisms of CBDCs and also contribute to the eurozone’s digital cash conversation. The call brings France to the
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Berlin-based blockchain startup Spherity has developed a decentralized identity prototype that would help people get the medicines they need while maintaining proper social distance. “We see a big opportunity when it comes to social distancing to get decentralized ID out the door,” said Spherity CEO Carsten Stocker. “Humans interact with smartphones, but governments and doctors’
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Lending platform Celsius Network has teamed up with an oracle provider to make the price feeds it uses to calculate crypto asset interest rates less centralized. Announced Monday, Celsius has subscribed to Chainlink, which connects smart contracts with real world data, as a middle pathway to decentralization, said Chainlink CEO Serey Nazarov in a telephone
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Microsoft has proposed a system that can mine cryptocurrencies using data collected from humans as they exercise or read an advertisement. In a patent application filed with the World Intellectual Property Organization (WIPO) Thursday, the American computer giant said sensors could detect activity associated with specific tasks – such as time spent viewing ads –
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Riot Blockchain is worried that COVID-19 may “seriously disrupt” its bitcoin mining operations.  The Nasdaq-listed rig builder revealed its concerns in its annual 10-K report with the Securities and Exchange Commission, filed Wednesday. Such reports always include a “general risks” section detailing worst-case business scenarios. This year, Riot added two pandemic-specific subsections to discuss COVID-19.
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The best Sundays are for long reads and deep conversations. Last week the Let’s Talk Bitcoin! Show gathered to discuss how the MakerDAO DeFi stablecoin actually works and what happened during the sudden, precipitous drop in crypto prices earlier this month. In the aftermath of the so-called “Black Thursday” crash from several weeks ago, MakerDAO’s “DAI” ethereum backed
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Big names including IBM, Oracle and the World Health Organization (WHO) are among the collaborators on an open-data hub that will use blockchain technology to check the veracity of data relating to the coronavirus pandemic. The solution, dubbed MiPasa, is launching as a “COVID-19 information highway,” said Jonathan Levi, CEO of Hacera, the company that
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