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The mainstream has caught a whiff of the gains cryptocurrencies like bitcoin and ethereum have seen, but many people are not aware of the passive income crypto users are getting as well. While financial incumbents are giving people with savings accounts a measly 0.35% to 0.60%, digital currencies can give people 1-17% or even more […]Powered by WPeMatico
Hodling in difficult times has historically proven to be a long-term winning strategy. Keeping your cryptocurrency in your own cold storage is by default a good idea as far as security is concerned. But if you don’t trust yourself to not lose a small hardware device or a piece of paper, then there are alternatives […]
The post If You Don’t Trust Yourself, These Crypto Vaults Will Help You Hodl Safely appeared first on Bitcoin News.
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When the first cryptocurrency exchanges sprung up in late 2010, multisig wallets had yet to be invented. As a result, a single private key was commonly used to control all customer funds. Today, multisig has been complemented by sophisticated solutions such as Unbound Tech’s CASP, which uses secure multi-party computation. Despite these innovations, many exchanges […]
The post From Single Key to Sophisticated Computation: The Evolution of Crypto Exchange Custody appeared first on Bitcoin News.
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A software developer recently launched a new Simple Ledger Protocol (SLP) tipping bot for Telegram chats that allows anyone to tip any SLP token using the application. The developer and Reddit user ‘Maxwell10206’ revealed the platform on Monday and people can join the Mint SLP Telegram chat group to learn more about the bot’s functionality. […]
The post Mint Bot Allows Telegram Users to Tip People in Chat Rooms With Any SLP Token appeared first on Bitcoin News.
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Fintech companies in the Federal Republic are quickly moving to develop and offer custodial solutions for digital assets under the new German legislation that will allow banks to store, transfer and trade cryptocurrencies next year. Berlin-based Solarisbank has established a subsidiary that will focus exclusively on the niche. The new entity and another German startup, […]
The post German Fintechs Rush to Offer Crypto Custody Services Under New Law appeared first on Bitcoin News.
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The U.S. Internal Revenue Service (IRS) has issued long-awaited guidance on the tax treatment of cryptocurrencies. It is generally described by the crypto community as a mixed bag since some parts are useful while others have raised many more questions, particularly how cryptocurrencies from hard forks and airdrops are taxed. Also read: 10 Tax Tools […]
The post IRS Issues New Crypto Tax Guidance After 5 Years – Experts Weigh In appeared first on Bitcoin News.
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On August 15, the San Francisco-based digital currency exchange Coinbase announced that it had acquired the cryptocurrency custody service Xapo’s institutional branch. The business move puts Coinbase in the limelight, making it the largest custodial service for digital assets worldwide, with more than $7 billion under custody. Also Read: Hong Kong Protest Leader Hopes to […]
The post How Coinbase Quietly Became the World’s Biggest Bitcoin Bank appeared first on Bitcoin News.
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With bitcoin ownership, it’s very important to back up your mnemonic seed phrase in order to restore your funds in case of an emergency. For instance, a device holding a wallet can be broken, get lost or stolen and the backup is the only way to retrieve the funds after these mishaps. The following is […]
The post Broken Phone? Don’t Sweat It — Restore a Bitcoin Wallet in Minutes appeared first on Bitcoin News.
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Coinbase has announced support for bitcoin core (BTC) in the company’s noncustodial wallet. The wallet was originally originally dedicated to ethereum (ETH), ethereum classic (ETC), ERC721 and ERC20 tokens. The San Francisco based company plans to add more currencies to the wallet in the near future. Also Read: The Daily: F1 Team Gets Crypto Sponsor, Dubai […]
The post Coinbase Noncustodial Wallet Adds BTC Support and Plans to Add More Assets appeared first on Bitcoin News.
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News wires buzzed this week when the National Association of Securities Dealers Automated Quotations (Nasdaq) announced its pending purchase of Swedish crypto-friendly stock exchange Cinnober. Nasdaq made “an USD 190m all cash recommended public offer” to the exchange, which it terms a major “financial technology provider to brokers, exchanges and clearing houses worldwide.” It could […]
The post $10 Trillion US Exchange Takes a Step Toward Crypto: Nasdaq Bids for Cinnober appeared first on Bitcoin News.
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