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CipherTrace Reveals $1.4 Billion Worth of Crypto Assets Stolen in the First Five Months of 2020

CipherTrace Reveals $1.4 Billion Worth of Crypto Assets Stolen in the First Five Months of 2020

Digital currency tracker CipherTrace has declared the valuation of cryptocurrency-related frauds in the first 5 months of 2020 to be $1.4 billion. This figure can spark insecurity among crypto investors but paying attention to security models can prevent such losses in the future. Several businesses particularly those geared towards blockchain technology experienced quantifiable economic downturns. Some of these downturns are just coming to limelight with the CipherTrace reports released on June 2.

US Treasury Official says IRS is Assessing Models for Crypto Tax Reporting Rules

US Treasury Official says IRS is Assessing Models for Crypto Tax Reporting Rules

The IRS is developing domestic reporting rules for cryptocurrency taxation and assessing different models, according to a Treasury Department official at an OECD event.

Bitmain Launches Cheaper Mining Machines After Bitcoin Halving and Losing Market Share to MicroBT

Bitmain Launches Cheaper Mining Machines After Bitcoin Halving and Losing Market Share to MicroBT

Bitmain has launched a cheaper version of a Bitcoin mining machine, Antminer T19, compared to its more pricy predecessor Antminer S19. Bitmain has been losing its market share to its rival, MicroBT, which launched its M30S++ Bitcoin miner in April this year. The Antminer T19 has a hashrate/ mining power of 84 terahash per second (TH/s), and power efficiency of 37.5 joules per terahash (J/TH). The price of this new mining machine is around $1750, while the S19 costs around $1785.

IOTA Foundation and Jaguar Land Rover Introduce Open-Source DLT Framework

IOTA Foundation and Jaguar Land Rover Introduce Open-Source DLT Framework

IOTA Foundation, a distributed-ledger technology developer, and Jaguar Land Rover, a leading British luxury car manufacturer, have introduced IOTA Access.

Samsung Silently Adds Bitcoin Support for Blockchain Phones

Samsung Silently Adds Bitcoin Support for Blockchain Phones

Samsung recently added Bitcoin to the Blockchain Keystore, on the blockchain-enabled smartphones. Samsung’s Galaxy S10 range launched in March with the “Blockchain Keystore” feature offering the storage of cryptocurrencies and transactions for Ether and ERC-20 tokens.

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