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Researchers Propose to Implement ERC-20R/721R for Reversible Transactions
27.9.2022
Researchers at Stanford have come up with a solution to tackle the issue of crypto theft. They have put forward ERC-20R/721R as a proposal for implementation in support of reversible transactions. Their research has shown that most theft happens with strong evidence to prove the incident. However...
Reversible transactions could mitigate crypto theft — Researchers
26.9.2022
The proposal puts forward an “opt-in” token standard that would enable victims to report theft to a governance contract, with algorithms helping to identify and freeze ill-gotten gains
US Court Authorizes IRS to Issue Summons for Crypto Investors’ Records
26.9.2022
The Internal Revenue Service (IRS) has obtained a “court order authorizing summons for records relating to U.S. taxpayers who failed to report and pay taxes on cryptocurrency transactions.” The IRS commissioner commented: “The government’s ability to obtain third-party...
IRS to summon users who don't report and pay tax on crypto transactions
23.9.2022
The summons requires M.Y. Safra Bank to submit information about taxpayers who failed to report and pay their taxes on crypto
Indian Government Working on How GST Tax Could Be Applied to Crypto
22.9.2022
India’s ministry of finance is reportedly working on how the goods and services tax (GST) could apply to crypto transactions. “A better understanding of how cryptocurrencies fit into our legal system is the prerequisite for the decision on the GST rate,” a source told local...
Boba Network Partners With Avalanche, Boba AVAX L2 to Provide ‘Faster Transactions and Lower Fees’
22.9.2022
On Wednesday, the layer two scaling solution that leverages optimistic rollup technology, Boba Network has revealed it now supports the proof-of-stake (PoS) network Avalanche. According to the Boba Network team, the new Avalanche support will produce “faster transactions and lower...
Coinbase to hand out ENS usernames to simplify wallet transactions
21.9.2022
Users can get a username through Coinbase Wallet’s browser extension and use it to send and receive crypto tokens instead of the traditional address
Solana outperforms Ethereum in daily transactions in Q2: Nansen report
19.9.2022
Daily transactions in the Solana blockchain consistently increased, ending with more than 40 million daily transactions compared to Ethereum’s 1 million daily transactions between April and June
Ethereum’s Post-Merge Transfer Fees Remain Low, Since Mid-May High-Priority ETH Fees Are 93% Cheaper
17.9.2022
Following Ethereum’s transition from proof-of-work (PoW) to proof-of-stake (PoS) on September 15, the blockchain network’s transaction fees have been much lower than they were ten days before The Merge. Roughly four months ago on May 13, 2022, high-priority ether transactions could...
US Treasury Clarifies How to Comply With Regulations on Sanctioned Crypto Mixing Service Tornado Cash
17.9.2022
The U.S. Department of the Treasury has answered some questions on regulatory compliance relating to Tornado Cash, a recently sanctioned crypto mixer. The answers include how to withdraw crypto or complete transactions initiated using Tornado Cash prior to its sanction and how to deal with...
Binance Sees Record Increase in Indian Users After Government Starts Imposing New Crypto Tax
15.9.2022
The number of Indian users on cryptocurrency exchange Binance has soared after the Indian government began levying taxes on crypto transactions. Meanwhile, daily trading volumes at some major India-based cryptocurrency exchanges are down over 90% since the new tax rules took effect. Binance Sees...
Downsides of Proof-of-Work and Proof-of-Stake, explained
14.9.2022
Not all consensus mechanisms are born equal — and the differences between major blockchains can have a huge effect on gas fees and transaction speeds
Why Crypto Prices Are Becalmed Before the Coming Storm
13.9.2022
Although crypto assets are consolidating this week, the crypto space has had a very long month - coin prices have been finicky, with September beginning on a shaky note.
As more investors continue to observe, cautious optimism appears to be taking hold. Nonetheless, this week is expected to be...
South Korea Has Tracked USD 1bn Worth of Fraudulent Crypto Transactions This Year
12.9.2022
A staggering USD 1 billion worth of fraudulent crypto-related transactions has been identified in South Korea in the first half of 2022, new data shows.
According to Asia Kyungjae, the figures were compiled by the Korea Customs Service and made public by the lawmaker Kang Byung-won.
The data...
ETH Merge will change the way enterprises view Ethereum for business
8.9.2022
Industry experts explain how the Ethereum Merge will impact enterprise adoption for business use cases
Tamadoge 5% Burn on Pet Store Transactions Will See Price Rocket
6.9.2022
Tamadoge's 5% burn rate on pet store transactions can potentially drive a significant increase in TAMA price. Tamadoge is rapidly approaching its $12 million goal. The meme coin has shown no signs of slowing down after hitting the beta phase of its pre-sale. At this point, it has reached the sixth...
Australian state police sets up crypto division to trace transactions
5.9.2022
The use of crypto in criminal activity has reportedly significantly increased since the AFP made its first crypto seizure in early 2018
Can the government track Bitcoin?
4.9.2022
The law enforcers like the IRS and FBI track Bitcoin with blockchain data and collaborate with private companies in an attempt to trace criminals and taxes
Are Bitcoin transactions anonymous and traceable?
3.9.2022
Bitcoin transactions are easily traceable through blockchain explorers but do not directly reveal the identities behind Bitcoin wallet addresses
Sanctioned Russian Bank Tests In-app Operations With Digital Rubles
3.9.2022
A Russian bank, one of the country’s largest by assets, has conducted a successful trial with digital ruble transactions processed through its mobile app. The state-owned Promsvyazbank was one the institutions placed under Western sanctions earlier this year in connection with...