Category: Forks

10,000 American Cryptocurrency Owners Will Receive Warning Letters From the IRS

10,000 American Cryptocurrency Owners Will Receive Warning Letters From the IRSOn July 26, the U.S. Internal Revenue Service (IRS) announced that the tax agency has started sending letters to American cryptocurrency owners advising them to pay their taxes. According to the organization, three types of letters will be sent to more than 10,000 taxpayers by the end of August. The news follows the recent IRS […]

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Bitcoin Cash Milestones: Delivered Code, Upgrades and Platform Development

Bitcoin Cash Milestones: Delivered Code, Upgrades, and Platform DevelopmentBitcoin Cash (BCH) platform and protocol development have seen a lot of delivered code and projects over the last two years. The upgrades will help Bitcoin Cash scale to the masses, and many of the added features are protocol developments that are unique to BCH. Also read: Indian Government Breaks Silence on Crypto Regulation BCH […]

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Node40 Executive Explains What to Expect When the IRS Issues Its New Crypto Policy

Node40 Executive Explains What to Expect When the IRS Issues Its New Crypto PolicyLast May, the U.S. Internal Revenue Service (IRS) revealed it would be issuing new tax guidance and rules about the tax treatment of digital assets and forks. IRS Commissioner Charles Rettig told congressional leaders that the agency has made it a priority to issue crypto-related tax guidance. This week news.Bitcoin.com spoke with Sean Ryan, CTO […]

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Active Development for Most Bitcoin Forks Evaporates

Active Development for Most Bitcoin Forks EvaporatesA report published by Electric Capital has estimated that the number of developers working on public cryptocurrencies has doubled since January 2018. The research found that Ethereum has the largest development team of all established crypto assets, with 216 developers contributing to its codebase each month on average. Also Read: EY Executive Says Bitcoin Has […]

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Coinbase Reveals Its Procedure for Handling Contentious Forks

Coinbase Reveals How the Exchange Manages Contentious ForksOn Feb. 20, the San Francisco-based cryptocurrency exchange Coinbase gave the public an inside look at how the company deals with contentious forks. Coinbase engineer Breck Stodghill specifically discussed how the trading platform dealt with the Bitcoin Cash (BCH) split on November 15, 2018. Also read: ‘Bitcoin Killer’ Onecoin Is Ashes But Investigations Continue to […]

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Orca Pool Mining Operation Aims to Defend Altcoins and Forks From Attacks

Mining Operation Orca Pool Aims to Defend Altcoins and Forks from AttacksLast November the Bitcoin Cash (BCH) community witnessed a hash war that resulted in a bifurcation of the main chain. The spat saw one of the first examples of the alpha miner strategy and an attempt to truly test Nakamoto consensus. About a week before the fork, a new mining operation was announced called Shark […]

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Bitcoin’s Social Contract Must Be Resilient to the Whims of Future Generations

Bitcoin's Social Contract Must Be Resilient to the Whims of Future GenerationsOver the last few years, infighting and different visions has led to significant divides within the Bitcoin community, weakening the network effects no matter which chain you support. With all the arguments about scaling, privacy, consensus changes and the various forks, it is amazing that these public networks are still thriving. Nevertheless, the people who […]

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Report Claims 85% of the Monero Network Dominated by ASIC Miners

Report Claims 85% of the Monero Network Overshadowed by ASIC MinersOver the last few years, certain cryptocurrency networks have tried to block ASIC mining with many fruitless attempts to forge ASIC-resistant protocols. Multiple cryptocurrency developers have attempted to brick ASIC miners, but with scant success. A perfect example is the privacy-centric digital currency Monero, a project that has tried to fork the software multiple times […]

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Mystery Bitcoin Miners Are Altering Mining Pool Dominance

Mystery Bitcoin Miners Shift Mining Pool Dominance ImmenselyDuring the first month of 2019, studies have revealed the growing trend of unknown miners processing blocks on the Bitcoin Core (BTC) network. A few years ago, most mining pools began revealing their identity via the coinbase parameter when they found a block. Over the last two years, however, unknown miners have started to dominate […]

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The Difference Between Custodial and Noncustodial Cryptocurrency Services

The Difference Between Custodial and Noncustodial Cryptocurrency ServicesSince the Bitcoin Cash (BCH) fork occurred recently, it’s a good time to discuss the difference between custodial and noncustodial cryptocurrency services. Newcomers to the digital asset economy often get confused when they hear about a blockchain split and may wonder how they should handle the outcome. Individuals should note that the best solution depends […]

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Chopsticks API Gives BCH Application Developers Options During a Contentious Fork

Chopsticks API Gives BCH Application Developers Options During a Contentious ForkOn Thursday, September 27, Eminent.ly developers announced the launch of an application programming interface (API) called Chopsticks.cash. The Chopsticks API is for application developers or advanced users that are worried about the possibility of a contentious fork this November. Also Read: Developers Unveil Two New Bitcoin Cash Full Node Clients Written in Go Chopsticks API Allows […]

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A Snapshot of Cryptocurrency Forks Shows the Biggest Winners and Losers

A Snapshot of Cryptocurrency Forks Shows the Biggest Winners and LosersForking cryptocurrencies, usually Bitcoin or one of its offshoots, was all the rage 12 months ago. Today, the spate of new forks has dwindled to a trickle. With the benefit of hindsight, and armed with over a year’s worth of data, it’s possible to determine which forks succeeded and why. Also read: Six New and Improved […]

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Bitcoin ETF Rejection Sparks Firm’s Public Protest

Bitcoin ETF Rejection Sparks Firm’s Public ProtestSmarting from its bitcoin exchange traded fund (ETF) denial by the United States Securities and Exchange Commission (SEC), Van Eck is pushing back in a formal letter of protest. A public response published on the SEC’s site methodically addresses each concern the regulator used in its rejection: valuation, liquidity, custody, arbitrage, and manipulation. Also read: […]

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Bitcoin Cash Developers Debate an Idea Called Pre-Consensus

Bitcoin Cash Developers Debate an Idea Called Pre-ConsensusThis past Thursday, the lead developer of Bitcoin ABC, Amaury Séchet, published a paper on the social media platform Yours.org about a protocol technique called ‘pre-consensus.’ According to Séchet, and other BCH developers like Bitcoin Unlimited’s Peter Rizun, pre-consensus could improve block propagation time, benefit zero-confirmation reliability and help delegate decisions tethered to consensus conditions. […]

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A Look at the Long and Annoying Process of Claiming Bitcoin Forks

Over the past year, there has been a lot of forked coins based on the Bitcoin Core (BTC) codebase in various forms and with all types of interesting names. There are anywhere between 40-70 forked coins in the ecosystem that are worth a few bucks, while some of them are worthless and not worth the […]

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Cryptocurrency Firm Circle Sees Institutional Interest Spike 30%

Cryptocurrency Firm Circle Sees Institutional Interest Spike 30% Last MayThis week the cryptocurrency firm Circle revealed it has seen a significant uptick in institutional interest. According to Circle CEO and co-founder, Jeremy Allaire says even though cryptocurrency markets were down in during the month of May the company saw a 30 percent spike from institutional clients last month. Also read: Meet Three More Applications That […]

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