HashChain Technology Cryptocurrency Accounting Software Globally Available (NewsWire.ca)
VANCOUVER, March 5, 2018 /CNW/ – HashChain Technology Inc. (“HashChain” or the “Company”) (TSXV: KASH; OTCQB: HSSHF), who acquired the assets of NODE40, LLC on January 30, 2018, today announced their blockchain accounting software, NODE40 Balance, is expanding its services to meet the needs of global cryptocurrency investors as many countries tighten their tax laws around cryptocurrency transactions. NODE40 Balance is available to cryptocurrency users around the globe. Node40 Balance is a Software-as-a-Service (SAAS) that helps cryptocurrency users to meet tax requirements in their respective countries by analyzing the blockchain to retroactively report capital gains and losses for Bitcoin, Bitcoin Cash, Ethereum, Litecoin and DASH.
Here’s Why Ripple Is Soaring Today — and Why the Gains Won’t Last (The Motley Fool)
Ripple (XRP-USD) has been soaring over the weekend. As of 8:30 a.m. EST on Monday morning, the popular cryptocurrency had gained 18% over the past 24 hours. The move reversed a negative trend, bringing Ripple’s XRP coins back to prices not seen since Feb. 25 — a virtual eternity in the ultra-volatile world of cryptocurrency prices. This time, Ripple’s chart is ticking upward on rumors that the dominant Coinbase platform might add support for this digital currency someday soon.
Rich Casino Introduces Ethereum Payment Option (CasinoCityTimes.com)
Rich Casino, the innovative gaming site, is now offering payouts via the Ethereum cryptocurrency. Renowned for its comprehensive library of games and technology standards, Rich Casino’s integration with Ethereum allows it to achieve higher payout and transaction rates. Ethereum is perceived as the fastest cryptocurrency on the market, with an average block time of around 14 seconds, compared to the 10 minutes it takes for bitcoin transactions. Rich Casino’s more than one million global customers are able to play hundreds of top table games and slots from leading developers such as Microgaming, Betsoft and Pragmatic Play. The Curacao-based site is determined to also offer a range of payment services that suit player requirements. “We put a lot of emphasis on customer satisfaction as a core value, and that means allowing people to access their funds however they wish,” said Gwen Adams, Rich Casino spokesperson.
PayPal Files Patent For System To Speed Up Cryptocurrency Transaction Times (CoinTelegraph.com)
U.S.-based payments giant PayPal has filed a patent with the U.S. Patent and Trademark Office (USPTO), published on March 1, to increase the speed of cryptocurrency payments. The patent describes an “Expedited Virtual Currency Transaction System”, involving the use of secondary private keys to shorten wait times for transactions between consumers and merchants. The patent’s inventors are listed as Cheng Tian and Sandy Lynn Godsey of San Jose, California, with PayPal Inc. listed as the applicant. According to the patent, PayPal is attempting to solve the problem of slow transaction times for cryptocurrency trades that have led potential crypto users to “instead choose to perform the transaction using traditional payment methods rather than virtual currency:” “Issues like this have slowed the adoption of virtual currencies despite their advantages” the patent states.
Coinbase Hit by Lawsuit Over Alleged Insider Trading (CoinDesk.com)
Cryptocurrency exchange Coinbase has been hit by a class action lawsuit over alleged insider trading during its launch of bitcoin cash. According to a court document dated last Thursday, the case has been brought by Jeffery Berk, representing a group of investors that placed trading orders on Coinbase or its order book trading platform GDAX from Dec. 19-21, 2017. Based on the complaint, the case takes aim at Coinbase’s launch of bitcoin cash (BCH) trading in the same month, with the plaintiffs accusing the company of tipping off insiders ahead of the formal launch. As such, the group accuses the firm of negligence, and is seeking damages, the amount of which will be decided at trial.
The IRS Is Cracking Down On Cryptocurrency Transactions. Here’s What That Means For You (Time.com)
Investors aren’t the only ones interested in big cryptocurrency profits. The IRS has a growing curiosity about them too. And that could spell trouble for cryptocurrency investors who made out like bandits in 2017, when Bitcoin and altcoins enjoyed a break-out year. Recently, the popular cryptocurrency exchange Coinbase capitulated to the IRS and the courts and announced that it would send requested transaction information on approximately 13,000 of its users. This is to comply with a court order issued in November. “Coinbase fought this summons in court in an effort to protect its customers, and the industry as a whole, from unwarranted intrusions from the government,” the company wrote in its announcement to customers.
Over $1: XRP Rises As Ripple-Coinbase Rumors Renew (CoinDesk.com)
The price of the third-largest cryptocurrency by total value is up 16 percent Monday, buoyed by speculation it could soon see a major exchange listing. Indeed, comments on social media indicate investors now expect XRP price to extend Monday’s gains ahead of an alleged appearance by CEO Brad Garlinghouse on CNBC’s “Fast Money” Tuesday. Also said to be on the program is Coinbase COO Asiff Hirji, a possible coincidence that’s raising conjecture the major U.S. exchange will add support for XRP trading. Currently, Coinbase offers trading for bitcoin, bitcoin cash, litecoin and ether, meaning the addition of XRP could enable a new outlet for retail trading. Still, while details about the appearance are scant (it’s not clear if the two will be appearing together, and neither has tweeted plans for the show), XRP is trading at $1.05, having appreciated 16 percent in the last 24 hours, according to data provider CoinMarketCap.
Ethereum will overtake Bitcoin in market cap, says Roger Ver (Crypto-lines.com)
Roger Ver, one of the first investors in Bitcoin and a staunch advocate of Bitcoin cash has claimed that Ethereum will overtake Bitcoin in market capitalization in the near future. Roger who is well known in crypto circles and a controversial figure made these remarks in a recent interview. He believes Ethereum has surpassed Bitcoin on many metrics. So far the Ethereum platform is cheaper and has faster confirmations. Ver has specifically been impressed by Ethereum’s developers and has high praise for the new changes they are trying to implement. He believes Bitcoin no longer holds the position of the ‘top dog.’ In the interview, he says Ethereum’s advantage lies in its upcoming innovations coupled with network improvements that are much needed.
PR: Electroneum Launches Groundbreaking Mobile Miner (News.Bitcoin.com)
After a successful week exhibiting at Mobile World Congress in Barcelona, Electroneum has launched its groundbreaking mobile miner, which will open the world of cryptocurrency up to billions of smartphone owners around the world. Currently, cryptocurrency is largely too difficult to obtain and spend for most people, especially in the developing world. The Electroneum project’s core aim is to achieve global mass adoption of cryptocurrency, and one of its main mechanisms to do this is the long awaited mobile miner. Electroneum’s mobile miner allows anyone with a smartphone to earn a few US$ worth of cryptocurrency every month by mining Electroneum.
Taiwan Airline Accepts Bitcoin Seeing ‘Bright Future’ for Tourism Sector (Bitcoinist.com)
FAT’s announcement on February 28th states that the airline will accept cryptocurrency payments, namely Bitcoin, for tickets and related travel services as it looks to become a pioneer in cryptocurrency adoption within the country’s aviation industry. Passengers can now use Bitcoin in a convenient and discounted trading experience to pay for more than 20,000 flights. The airline’s president, Zhang Gangwei, explained that his company has “a bright vision for the future of cryptocurrency” as it proved to be “a significant transaction tool” over the past year.