A Pakistani man has been arrested in the UAE by Sharjah police officers, in collaboration with its Criminal Investigation Department, for a Bitcoin fraud worth Dh 2 million ($544,520). According to the police report, this is the first Bitcoin crime to have happened in UAE. An Indian merchant, who apparently had experience with buying bitcoin […]
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Ripple, a cryptocurrency which was released in 2012, was co-founded by Jed McCaleb and Chris Larsen. Ripple is not just a cryptocurrency though; it is a digital payment network for financial transactions as well to enable the seamless transfer of money in different forms, including Bitcoin, Yen, USD, and litecoin. Bitcoin may still be the […]
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At present, people are in the grips of euphoria when it comes to cryptocurrency. It appears to offer so much potential that it is attracting new investors daily. On the other hand, there are those who feel that cryptocurrency-mania is a bubble that is about to burst. What is evident is that the underlying blockchain […]
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Bitcoin (BTC) has introduced blockchain technology to the world. This technology improves the speed, privacy, and security with which money is transferred. BTC can be sent from one person to another without a middleman. A person’s identity is encrypted in a long string of numbers and letters, called a wallet. Some investors believe that BTC […]
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The Internal Revenue Service knows that many investors have generated great wealth with cryptocurrencies, and the agency is becoming increasingly concerned about tax evasion. In November 2016, the IRS requested that Coinbase, a popular cryptocurrency exchange, disclose information on its users. Coinbase fights summons Coinbase revealed that it had resisted the summons, fighting in court […]
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