Category: Coins

The Venezuelan Bolivar Tanks 24% of its Value in One Day

Dictatorship, devaluation, hyperinflation, drama. Those are just a few words to label what’s going on in Venezuela. The country, formerly described as a “socialist paradise” by the leftists in the region, is now facing the consequences of eighteen years of fiscal irresponsibility and production decay.  The government has seized key industries. But what prompted this disaster? Many people talk about the decay of oil prices, which comprises 98% of Venezuela’s …
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Judge Approves IRS Tax Information Request to Coinbase

On November 20, the American IRS (Internal Revenue Service) submitted a request to Bitcoin startup, Coinbase. The document demanded detailed financial and personal information on all of the platform’s users. Now, the judge assigned to the case has ruled in favor of the government agency. The Internal Revenue Service has a judge’s green-light to serve Coinbase, one of the biggest Bitcoin startups, with a summons for detailed information about its users. Judge Jacqueline …
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The Ethereum Foundation Has Set a New Date for Blockchain Hard Fork

The Ethereum Foundation developers have finally reached consensus on the next hard fork date after failing to establish a deadline on October 31–the date the hard fork was supposed to be officially announced. The team behind the Golang implementation of Ethereum have released the hard fork-ready client software. Ethereum, the decentralized smart contract and blockchain platform has gone through a rough patch  of late.  After delaying the hard-fork that was …
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The Next Ethereum Hard Fork Date Will be Announced on Monday

The upcoming Ethereum hard fork date will be announced on Monday after the group of core developers reached an agreement on the proposed specifications. This hard fork will be the second after the network experienced a series of DDoS (spam) attacks. Several developers and foundation members argued that the quickest, most effective way to address the issue was to fork the network, introducing changes in the cost schedule of several instructions …
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