Canada Revenue Agency Audits QuadrigaCX’s Corporate Tax Returns

The Canada Revenue Agency is auditing the corporate tax returns filed by QuadrigaCX, the now-defunct Canadian cryptocurrency exchange. The Canada Revenue Agency (CRA), the country’s tax authority, is auditing the corporate tax returns filed by QuadrigaCX, the now-defunct Canadian cryptocurrency exchange.  CRA’s request for documents and information is significant According to an article by the Globe and Mail on Sept. 16, QuadrigaCX is now being audited by the CRA which has requested the tax returns from Oct. 1, 2015, to Sept. 30, 2018. The Canadian exchange has been generating headlines…

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Here’s How Europeans Can Deal With Negative Interest Rates

Low and negative interest rates have been a burden for account holders across Europe for some time. And it’s only getting worse, as the European Central Bank just announced a new rate cut to a record low of -0.5%. Private and corporate customers in many countries on the continent don’t have a lot of options to preserve the value of their holdings, at least not in the fiat money world. However, cryptocurrencies which have seen a revival this year offer a real alternative – one that can bring income instead…

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Bug on Kraken Let Users Buy Bitcoin at Levels Below Market Price

A bug on Kraken made it possible for traders to buy and sell Bitcoin at lower and higher levels than the market price. On Sept. 13, United States-based crypto exchange Kraken experienced a bug that allowed some users to buy or sell Bitcoin (BTC) at a notably different price from Bitcoin’s actual market price due to a reported system bug. The next day, Kraken posted a Twitter thread explaining that the bug resulted from testing an unreleased advanced order type. While Bitcoin was trying to hold $10,300 mark on the…

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Harbor Tokenizes $100 Million in Real Estate Funds on Ethereum Blockchain

Blockchain startup Harbor announced a partnership with Seattle-based real estate investment firm iCap Equity to tokenize $100 million in real estate funds. The startup Harbor announced a partnership with Seattle-based real estate investment firm iCap Equity to tokenize $100 million in real estate funds. On Sept. 16, Harbor announced in a blog post that iCap Equity is using Harbor’s blockchain-enabled platform to improve its liquidity in four of its real estate funds which manages over $100 million in assets. Harbor created the tokens on the Ethereum blockchain, which represent portions…

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BIS Economist Proposes DLT-Based Financial Market Monitoring

An economist from the Bank for International Settlements has proposed new ways of supervising financial risks with distributed ledger technology. An economist of the Bank for International Settlements (BIS) has proposed new ways of supervising financial risks through distributed ledger technology (DLT). In a recently released working paper, economist Raphael Auer made the case for so-called embedded supervision, which would automatically monitor tokenized markets. This would purportedly eliminate the need for the collection, verification and delivery of companies’ related data. New forms of transparency and data credibility Per the report,…

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New Linux Malware Mines Crypto While Remaining Undetectable

Two threat analysts recently stumbled upon Skidmap, new Linux malware that keeps its cryptocurrency mining operations hidden. Two threat analysts recently stumbled upon new Linux malware that keeps its cryptocurrency mining operations hidden. On Sept. 16, Augusto Remillano II and Jakub Urbanec revealed in a post on Trend Micro, a security intelligence blog, that they found new Linux malware. According to the analysts, this malware is particularly notable because of the way it loads malicious kernel modules to hide its cryptocurrency mining operations. Malware provides hackers full access to infected…

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HTC Smartphone Adds Built-in Wallet for Bitcoin Cash

Bitcoin.com announced a partnership with Taiwanese telecommunications manufacturer HTC to support Bitcoin Cash on the Exodus 1 smartphone. Bitcoin.com announced a partnership with Taiwanese telecommunications manufacturer HTC to support Bitcoin Cash (BCH) on its flagship smartphones. In a press release on Sept. 16, Bitcoin.com announced that it and HTC would begin a long-term partnership wherein the HTC Exodus 1 will provide built-in wallet support for Bitcoin Cash. Bitcoin.com states that the phone supports BCH without having to download a BCH wallet from an app store. Current users will need to…

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BCH Microblog ‘Member’ Shows the Future of Reddit-Like Forums

Since the Bitcoin Cash upgrade in May 2018, software developers have unleashed a slew of microblogging protocols that utilize OP_return transactions. One application called Member is a BCH-based browser that makes use of these types of transactions and the extra space added to the data carrier size. While still in its infancy, the Member platform has matured into a censorship-resistant Reddit but with geolocated posts, reputational ratings, and native BCH tipping. Also Read: At Least 19 Central Banks Give Way to Monetary Easing As Economy Slows The Member Client Continues…

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Bug on Kraken Let Users Buy Bitcoin $2K Cheaper and Sell $2K Higher

Some Kraken clients were buying Bitcoin at $8,000 or selling at $12,000 due to a bug in the test of an unreleased order type. Some Kraken clients were buying Bitcoin (BTC) for $2,000 cheaper than the market price and selling it for nearly $12,000 on Sept. 13. On Friday, United States-based crypto exchange Kraken experienced a bug that allowed some users to buy or sell Bitcoin at a notably different price from Bitcoin’s actual market price due to a reported system bug.  On Sept. 14, Kraken posted a Twitter thread…

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Price Analysis 16/09: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XMR, ADA

The impending launch of Bakkt could likely determine the price of Bitcoin for the next few weeks. Many central banks across the world are racing against each other to devalue their currencies. Crypto fund executive Travis Kling believes that Bitcoin (BTC) is a great hedge against irresponsible monetary and fiscal policies of central banks and governments. Tim Draper has said that his target price of $250,000 for Bitcoin is conservative because at that price, the leading cryptocurrency will have only about 5% market share of the currency world, which may…

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