Paul Sztorc’s new proposal for a Bitcoin hard fork has caused a great deal of discussion in ‘crypto land’, the technical merits and purpose behind it being only part of the reason, there is also the considerable financial implications for everyday users. The fork, called eCash and scheduled for August 2026, could unexpectedly create untold tax obligations on millions of Bitcoin holders, even those that simply choose not to adopt the new asset. Hard forks (a concept often heard in the crypto ecosystem) are used to split an existing Blockchain into two competing chains, generating a new digital asset and
The post New Bitcoin Hard Fork Proposal Raises Tax Concerns Because eCash Plan Could Mean Unexpected Liabilities for Holders appeared first on The Merkle News.
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Amid the controversy surrounding the Ordinals project and the debate over what types of data should be stored on the Bitcoin blockchain, the network mined its largest block, nearly 4 MB in size, containing just 63 transactions. One of the transactions was a 3.94 MB Ordinal inscription featuring an image of a wizard, and the […]
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Hard forks and airdrops are forms of passive income strategies, which are essentially free giveaways of particular tokens to users.
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CELO price gained 50% ahead of the network’s May 19 ‘Donut’ hardfork which will help increase interoperability and lower gas fees.
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Analysts expect Ethereum price to rally to new all-time highs after the Berlin upgrade results in a drip in gas fees and a surge in DeFi activity.
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Following Dogecoin’s lead, Ethereum Classic rallied to a new all-time high and Bitcoin Cash price doubled as altcoin forks start to gain traction.
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The pending hard fork will take the first steps in addressing Ether’s high transaction fees.
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Search online for ‘possible creators of Bitcoin’ and Bit Gold creator Nick Szabo will always appear near the top of the list. His long history in the cypherpunk space, his writings on money, digital cash, and smart contracts, and some facts about his past have often been used to create a compelling picture that he […]
The post Why Nick Szabo Probably Isn’t Satoshi appeared first on Bitcoin News.
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The past day for Verge (XVG) represents yet another fiasco for the highly controversial Dogecoin fork. Hackers have managed to mine an XVG block every second through a timestamp exploitation coupled with a 51% attack. To make matters worse, hasty developer responses have actually rendered the network even more incapable through an ineffective hard fork. Since yesterday, hackers have mined over 17,000 XVG blocks. This translates to over 20 million XVG, a bag worth over US$1 million. The developer has already asserted that these coins will not be reverted, blacklisted, or burnt, making the hack absolutely successful. The hack took place
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The fork of Bitcoin Cash sparked a wave of airdrops and bitcoin-related fork projects in 2017. A new project, World Bitcoin (WBTC), is to fork at block 503,888 on or around January 12. Unlike other hard forks introducing new features to overcome Bitcoin’s limitations, WBTC will focus on building a ”global application infrastructure”, according to its […]
The post New Year, New Forks: World Bitcoin and Bitcoin Candy Expected Soon appeared first on Bitcoin News.
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