SEC Looking to Buy a Blockchain Forensics Tool That Analyzes Smart Contracts
The U.S. Securities and Exchange Commission (SEC) is looking for a blockchain forensics tool to help it analyze smart contracts. In a call for bids to software companies on July 30, the regulator said that the tool must be able to “analyze and detail code within blockchains and other distributed ledgers.” It is also looking to identify contract changes performed with administrator passwords, in addition to issues like...
US Congressmen Want IRS to Balance Taxation and Innovation in the Cryptocurrency Space
A bipartisan quartet of US congressmen wants the IRS taxation policy not to dissuade taxpayers from participating in blockchain token staking. These politicians believe America’s ingenuity can help drive this promising staking technology. The four congressmen are Bill Foster (D) of Illinois, Darren Soto (D) of Florida, Tom Emmer (R) of Minnesota, and David Schweikert (R) of Arizona. In their letter addressed to IRS Commissioner...
Peer-to-Peer Bitcoin Trading Tops $95 Million as Sub-Saharan Africa Records All Time High
Weekly peer-to-peer bitcoin trading volumes topped $95 million globally with several countries recording new all-time highs for the year. The record trading volumes coincided with the most bullish week for cryptocurrencies with bitcoin (BTC) briefly trading above $12,000. As data from Usefultulips shows, peer to peer bitcoin trading volumes for the week topped an equivalent of $95 million. The figure surpasses $92.4 million, the...
S2F Price Model Suggests Bitcoin Price Hits $100K – Author Claims Model Is Perfectly on Track
The author of the controversial bitcoin stock-to-flow (S2F) price model said that at current prices the S2F model is “perfectly on track.” S2F shows the price could hit around $30,000 by the year’s end and by August 2021 prices could be $100,000 per bitcoin. The crypto asset bitcoin (BTC) is up over 24% over the last 30 days and up more than 16% during the last 90 days. BTC touched a 2020 high of just above $12,000...
Bitfinex Offers $400 Million in Rewards to Get Back 120,000 Stolen Bitcoins
Cryptocurrency exchange Bitfinex is offering rewards of up to $400 million to the hackers who stole almost 120,000 bitcoins from its platform in 2016 as well as anyone putting it in touch with the hackers. Up to $400 Million Reward for the Recovery of Stolen Bitcoins Bitfinex announced on Tuesday that it is offering up to $400 million in rewards for the recovery of almost 120,000 bitcoins that were stolen from its platform in August...
