Coin Telegraph

Seoul Office Launch Party

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Seoul Office Launch Party

[ VIDEO POST ] Date: 2019-09-25 19:15:49 | Duration: 3:45 | Views: 2520 | Likes: 74 | Dislikes: 10

Cointelegraph just launched a new representative office! Guess where? A little hint: this country is one of the most flourishing crypto economies in the world.

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Cointelegraph covers everything Bitcoin, bringing you the latest news, prices, breakthroughs, and analysis, with emphasis on expert opinion and commentary from the digital currency community.

Coin Telegraph Bitcoin/Blockchain News

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Times Square Billboard Calls for Release of Silk Road Founder

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The ‘Free Ross’ movement has hired a billboard in New York’s Times Square as part of its campaign for the release of the Silk Road darknet market founder Ross Ulbricht.

According to the Twitter account ‘Clemency for Ross’ the billboard will display the message and image for several months. The account emphasized that the billboard was funded by “a generous supporter” and not from donations to the site.

Ulbricht is currently into his seventh year behind bars in a double life sentence. Without clemency he will never be released. 

‘Free Ross’ billboard sprouts in Times Square

Ulbricht, now 36 years old, was arrested and incarcerated in 2013 for establishing and operating the notorious darknet marketplace ‘Silk Road.’

Ulbricht was found guilty of seven charges including drug trafficking, money laundering, computer hacking, criminal enterprise, and aiding and abetting the distribution of narcotics over the internet, and sentenced to two life sentences with no parole.

Ulbricht proposes solution to encrypted child porn

Even from behind bars, and without access to the internet, Ulbricht has still been contributing to the cryptocurrency community via friends who publish his writings online.

On May 20, Ulbricht’s medium account posted an article proposing a solution to ‘the content problem’ on encrypted platforms — the challenge of removing harmful content in an automated fashion that doesn’t require manually sifting through such.

Ulbricht writes that many large platforms already deploy algorithms such as artificial neural networks (ANNs) to moderate content, recommending that the operators of encrypted platforms utilize zero-knowledge proofs in conjunction with ANNs to identify content depicting child abuse.

The former Silk Road operator recommends partnering with law enforcement to train the ‘ZKANN’ system to identify child pornography using seized media, before launching the system to the public.



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Coin Telegraph Bitcoin/Blockchain News

CRYPTO NEWS #5: Blockchain development and Bitcoin expansion

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CRYPTO NEWS #5: Blockchain development and Bitcoin expansion

[ VIDEO POST ] Date: 2017-10-16 06:11:38 | Duration: 6:28 | Views: 3817 | Likes: 24 | Dislikes: 8

Latest plans and predictions over the last week including:
– Price of the Bitcoin
– Pharma industry development
– New Japanese investors
– Different expert’s opinion on Bitcoin and their forecasts
– Wall street expansion

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Coin Telegraph Bitcoin/Blockchain News

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Enterprise Blockchain Market Will Hit $21.07 Billion By 2025, Says Fortune Business Insights

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A new study from Fortune Business Insights, a company offering market studies and consulting services, estimates the blockchain technology market will reach $21 Billion by 2025, according to GlobeNewswire’s report on May 12.  It stated that: 

“The blockchain technology market size stood at USD 1.64 billion in 2017, and is projected to reach USD 21.07 billion by the end of 2025 […] exhibiting a CAGR of 38.4% during 2018-2025.”

Reasons behind the expansion

The main reason for the growth of the global blockchain technology market, according to the Fortune Business Insights report, is that more enterprises worldwide are increasing their investment in blockchain research and development from within.

The research also expects that rising interest from public or government authorities for growing research and regulatory approvals of products in the market will also accelerate the expansion of the blockchain industry. 

Source: Fortune Business Insight 

Companies would generate the largest revenue in the coming years

The Report says IBM would be the dominant player in the enterprise blockchain field. Other key players also include companies such as the Linux Foundation, Chain Inc., Oracle Corporation, Fintech & Blockchain Software House, Deloitte, Consensus Systems, Microsoft Corporation, Schvey, Inc., Altoros, Bits, Inc., Altoros, and VironIT. 

The report examined various global industries, including government, healthcare, and banking, financial services, and insurance, or BFSI. It pointed out that:

“BFSI industry emerged as an early adopter of blockchain technology with the introduction of Bitcoin in 2009-10.”

As Cointelegraph reported previously, despite the current global markets recession and increasing unemployment rates, many blockchain jobs continue to rise due to the booming industry.

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Coin Telegraph Bitcoin/Blockchain News

Who Owns Crypto?

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Who Owns Crypto?

[ VIDEO POST ] Date: 2018-11-01 17:47:18 | Duration: 2:38 | Views: 6892 | Likes: 219 | Dislikes: 9

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Who Owns Crypto?

Coin Telegraph Bitcoin/Blockchain News

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Guide Highlights Patchwork of Crypto Tax Laws in Latin America

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Research from Latin American crypto exchange Buda has highlighted a patchwork of laws, confused regulations and unusual concepts governing crypto taxation in the region.

Buda has provided a series of tax guidelines outlining measures crypto traders should take into consideration when looking to comply with the authorities in Chile, Colombia, Peru, and Argentina.

In various countries in the region, there are different interpretations and concepts regarding what type of good or asset is considered to be a cryptocurrency.

Crypto legal definitions in Latin America

Chile, for example, considers any crypto as “a digital or virtual asset”; Colombia as an “immaterial good”; Peru as a “movable asset,” while in Argentina, there is no official definition at the moment.

The guide highlights many doubts concerning when taxes should be paid for owning cryptos or trading them.

In Peru, the authorities expect that people pay taxes on crypto when they receive payments in cryptocurrencies as a product of the recipient’s profession.

When people should pay taxes for crypto?

For Chile and Colombia, a concept called “alienate” is used, which basically means selling. The term is generally understood as being when the person no longer owns the crypto, whether they have sold, swapped, or carried out any other business with it.

Therefore, for both countries, people must pay taxes when they sell crypto.

Due to the lack of official definition by the Argentine government towards crypto, there are also no guidelines on when Argentines can pay taxes on crypto.

In the countries mentioned, local or foreign crypto exchanges are not the ones in charge of taxing on behalf of the client, since it is the responsibility of each taxpayer to declare their obligations to the local authorities.

The legal status of crypto across the region

Cointelegraph Spanish detailed at the beginning of 2020 the legal status of cryptocurrencies in various countries in Latin America.

In the case of Bolivia, for example, it is illegal to use Bitcoins or any other crypto for any transaction, since it is “a currency that is not issued and controlled by a government or authorized entity.”

Ecuador is another country in the region that banned digital assets in mid-2014. However, the laws in Ecuador do not appear to be strictly enforced towards crypto, so there are still Ecuadorians who are actively trading with Bitcoins.

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Coin Telegraph Bitcoin/Blockchain News

CZ: Charity and Stablecoins Drive Meaningful Crypto Adoption

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Speaking at Virtual Blockchain Week (VBW), Binance founder and chief executive Changpeng Zhao (CZ) argued that stablecoins and charity initiatives can drive meaningful cryptocurrency adoption.

CZ also discussed Binance Academy’s work with Chinese government institutions on blockchain projects and revealed that he hopes Binance can influence the shape of the country’s regulatory strategy 

Crypto charity programs drive adoption

During his ‘fireside chat’ with VBW’s hosts, CZ asserted that crypto-based charity programs are driving meaningful cryptocurrency adoption worldwide.

“If I’m going to give you some donation in crypto, you are more likely to go and get a wallet or register an account on an exchange to accept it,” he stated. “That type of adoption is a positive first-contact for a lot of people. So it does increase adoption.”

“We also see that it also helps the Binance reputation […] We have been much better received in a lot of […] countries due to the charity initiative. So there [is] some selfishness to it.”

Stablecoins drive adoption for merchants

Speaking with Cointelegraph afterwards, CZ said he believes that stablecoins will help to drive adoption among merchants and retailers.

“Before [stablecoins] it was like two extremes — you either stay in USD or Fiat, [or] you’re either BTC or Ethereum or BMB, and the price fluctuates against fiat,” he said, adding that crypto can be “really troublesome for a shop owner because their expenses are in fiat”.

CZ describes stablecoins as an “intermediate step,” asserting fiat-denominated tokens solve the problem for individuals and merchants who want to be in crypto but still need their expenses to be covered using fiat.

Binance looks to partner with Chinese government on DLT

When asked about Binance’s plans for its recently launched Blockchain Research Institute in Shanghai, CZ stated that the institute will focus on exploring applications for distributed ledger technologies (DLT) alongside China’s central government.

“There’s a very big push by Chinese government agencies to all learn about blockchain,” he said. “They are very smart in the sense that they said ‘Well if we’re going to understand this thing let’s understand it, let’s not be outsiders trying to regulate an expert area.”

“We are working closely with the governments there and they are very receptive,” he stated, emphasizing: “We want to be influential in that process.”

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Coin Telegraph Bitcoin/Blockchain News

Wikipedia Founder Jimmy Wales: "You Can’t Ban Blockchain. It’s Math!"

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Wikipedia Founder Jimmy Wales: "You Can’t Ban Blockchain. It’s Math!"

[ VIDEO POST ] Date: 2018-06-06 10:44:01 | Duration: 14:10 | Views: 22224 | Likes: 2056 | Dislikes: 3

We interviewed Wikipedia founder Jimmy Wales at Blockshow Berlin about all things crypto.
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Coin Telegraph Bitcoin/Blockchain News

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Kim Kardashian, NYSE crypto ecosystem and McDonald's MacCoin | Hodler's Digest

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Kim Kardashian, NYSE crypto ecosystem and McDonald's MacCoin | Hodler's Digest

[ VIDEO POST ] Date: 2018-08-05 22:56:06 | Duration: 9:23 | Views: 1396 | Likes: 111 | Dislikes: 5

Hodler’s Digest, July 29-August 5
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Kim Kardashian and the operator of the New York Stock Exchange both embrace Bitcoin, find out more in the Hodler’s Digest.

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Cointelegraph covers everything Bitcoin, bringing you the latest news, prices, breakthroughs, and analysis, with emphasis on expert opinion and commentary from the digital currency community.

Kim Kardashian’s first Bitcoin, NYSE crypto platform and MacCoin | Hodler’s Digest

Coin Telegraph Bitcoin/Blockchain News

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