Coinbase Expands Into Cross-Border Payments

American major cryptocurrency exchange Coinbase has expanded into cross-border payments. Coinbase revealed the development in a recent announcement. Coinbase customers can now transfer funds to any user with a Coinbase account around the world using Ripple (XRP) and the exchange’s stablecoin USDCoin (USDC) with no fee. The development reportedly enables users to send and receive money instantly, as well as convert them into local currency. March saw several new developments at Coinbase, including a service linking user accounts on its main platform to its Coinbase Wallet app, and a new…

How Crypto Is Taxed in the US: A Taxpayer’s Dilemma

Last year was a bear market for cryptocurrencies. Many investors who did not know how to hedge their cryptocurrency investments saw these investments lose value from the market highs of 2017. Facing the deadline to report their taxes by April 15, 2019, United States individual taxpayers may wonder what their United States tax reporting obligations are if they held, donated or sold/exchanged their cryptocurrencies at a loss during 2018. A taxpayer’s dilemma Let’s imagine a potential 2019 taxpayer sitting in front of his tax advisor and feeling embarrassed to tell…

Alt Season? Over 100 Crypto Assets Outperform Bitcoin in Q1 Surge

The first quarter of 2019 was a breath of fresh air for the cryptocurrency market, having recorded its first quarterly increase in overall network valuations since the fourth quarter of 2017. Interestingly, however, bitcoin is among the least significant price gainers so far this year while still flashing a noteworthy Q1 increase of 10 percent. What this means is that a sizable portion of the market’s recent growth came from the many other cryptocurrencies trading on exchanges today.  In fact, data from analytics provider Messari reveals that 118 cryptos increased…

Bibox Crypto Exchange Rolls Out Blockchain Project Incubator

Leading cryptocurrency exchange Bibox is launching an incubator for blockchain projects called Bibox Orbit, according to an announcement published on March 30. Estonia-based Bibox —  the ninth largest cryptocurrency exchange in terms of adjusted trading volume — has revealed that it is rolling out Bibox Orbit, an incubator for blockchain projects. The announcement does not specify the exact date of the project launch and only says that “it is aimed to provide the best growing environment for high potential blockchain projects and assist them with ecological construction and long-term development.”…

Swiss FinTech Sector Grows, While Traditional Banks Decline

A new study shows that the fintech sector in Switzerland continues to grow, while traditional financial institutions are stagnating. The report was published by SwissBanking on April 1. The report dubbed “IFZ FinTech Study 2019” was prepared by the Lucerne University of Applied Studies with an aim to show developments in the fintech industry in 2018 and analyze how banks position themselves vis-avis the fintech industry. Per the report, the Swiss fintech sector showed significant growth in 2018. With 356 active companies by the end of the year, the industry…

Lazarus Hacker Group Continues to Target Crypto Using Faked Trading Software

This article was originally published by 8btc and written by Lylian Tang. The Chinese security service provider 360 Security has issued a warning that a large number of crypto exchanges have been targeted by the North Korean hacker group Lazarus and that the number is still rising after the recent hacks of crypto exchanges DragonEx, Etbox and BiKi. 360 Core Security found that Lazarus, also known as the ATP-C-26 group, used software called “Worldbit-bot” to carry out its active attacks. The crypto exchange DragonEx fell victim to it on March…

Bitcoin Dev Demos the First Lightning-Enabled Bitcoin ATM

At the Bitcoin Association of Hong Kong’s Lightning Hack Day on March 31, 2019, Bitcoin developer Felix Weis presented a successful demonstration of his Lightning-enabled plugin for a Bitcoin ATM. Weis, who identifies himself on Twitter as a “bitcoin traveler and freelance developer,” demonstrated a Lightning-driven withdrawal using a 20 Hong Kong dollar (HKD) bill and a mobile bitcoin wallet on his cell phone. The software plugin was built in Java over the course of the hackathon weekend. How Does It Work? During the demonstration, Weis’s ATM — for which…

Technical Flags Scream ‘Buy!’ as Market Nears Key Level

Bitcoin continues to grind higher, and on Monday the flagship cryptocurrency hit its highest level in 2019. Many investors are stuck in the past looking at the wild volatility brought on by excessive speculation, and ignoring that right here right now, the Bitcoin price is showing maturity and stability – and could be primed for a major boom. Bloomberg reported that a popular technical indicator is now screaming buy after the last signal it generated prompted a 17% rally. Bitcoin’s GTI VERA Convergence Divergence Indicator is screaming “buy!” | Source:…

Tether Daily Transaction Volume Hits All-Time High

Tether (USDT), the most used fiat-pegged stablecoin, has hit an all-time high by the number of daily transactions, according to blockchain data provider Coin Metrics. On March 31, the amount of Tether transactions hit a high of 38,150, representing a new milestone in the adoption of the major stablecoin launched in 2015. All-time transaction volume of Tether. Source: Coin Metrics At press time, Tether is ranked the second top cryptocurrency by daily trading volume at $9.4 billion, while Bitcoin’s (BTC) daily trading volume amounts to $10.2 billion, according to data…

Social Media Companies Join the Crypto World

The cult of cryptocurrencies is rising with each passing day. But to understand the reason behind this, it is quintessential to know what exactly is cryptocurrency? Cryptocurrencies are digital currencies set up by groups of individuals and secured using cryptography. It is basically a form of digital ledger. Usually, cryptocurrencies are based on the technology called blockchain. A blockchain, originally block chain, is a growing list of records, called blocks, which are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data.…