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Regulation: It’s good for you, but it’s going to hurt. That seemed to be the main takeaway for the cryptocurrency industry from Monday’s Business of Blockchain conference at the Massachusetts Institute of Technology (MIT). On the one hand, the event was clouded by speculation that the U.S. Securities and Exchange Commission (SEC) may go as …

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For over two years, Coinbase users in Wyoming have been unable access their cryptocurrency. “I’d venture to guess I lost $100,000 to this bullshit law,” one resident complained on Reddit. It was out of the blue, too, when in June 2015 the U.S.-based exchange suddenly suspended services for Wyoming residents. This was after state regulators …

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Don’t call it a comeback. Tezos, the blockchain project backed by the largest ever initial coin offering (ICO) at the time of its 2017 launch, hasn’t exactly been able to translate its hype into success as yet. Hamstrung by series of legal woes, the open-source software, designed for blockchain governance, has spent months ironically held …

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Building enterprise blockchains can be a pain in the neck. Since the technology is so new, much of its underlying infrastructure isn’t yet stable or automated, and as such, it demands that developers spend time rebuilding. The executives of Elemential know that headache well, and as such, are using their company to simplify the process …

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Andrea Tinianow, Esq. is chief innovation officer at Global Kompass Strategies and was, until January, head of the Delaware Blockchain Initiative. David Adlerstein is a corporate attorney at Wachtell, Lipton, Rosen & Katz.   The views expressed in this article are solely those of the authors. Over many decades, the State of Delaware has established …

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In the Lord of the Rings trilogy, “mithril” is a rare, indestructible metal whose beauty never tarnishes; in the real world, however, it’s the name of three different blockchain projects, all of which are trying to score pop culture points with investors. It’s of little surprise that the name has proven so hot in the …

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Progress reports on blockchain projects in the banking and insurance sectors offered an illuminating comparison at the Blockchain Expo in London Thursday.   While bankers came across as browbeaten and anxious, their cousins in insurance were anything but. Indeed, the tone for banking was set on a panel looking at the potential of blockchain for …

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Trust, but verify. Borrowed from a Russian writer, it’s one of crypto’s most widely embraced slogans, though one that’s becoming even more relevant on social media, where battling factions bent on promoting the next great high-tech investment are now turning the very symbols meant to protect users against them. Whether it’s an account impersonating the world’s largest …

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$27 million. That’s how much revenue LocalBitcoins is now generating annually off a business that started back in 2011, all with an investment of just a few thousand dollars. One of the longest-running and most controversial bitcoin companiess, the decidedly low-fi website now has roughly 20 employees worldwide and 4 million registered accounts. And reflecting …

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After a seemingly unending period of blockchain R&D, major enterprises are eager to edge their technology toward production. At least that was the sentiment at Blockchain Expo Global on Tuesday, where attendees at the Olympia London venue assembled to hear from experts in supply chain tracking, energy, logistics, freight and more – all of whom have …

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The Slavic god of lightning, Perun, is entering the ethereum ecosystem (in spirit at least). Inspired by bitcoin’s lightning network, a group of researchers hailing from Warsaw have unveiled a new white paper entitled “Foundations of State Channel Networks,” which outlines a protocol designed to help ethereum scale to support higher volumes of more complex smart contracts. …

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It turns out investors are interested in central banking alternatives. Announced Wednesday, Basis (formerly known as Basecoin) has raised $133 million (most of which was reported last week in an SEC filing) in an initial coin offering (ICO), a round that featured an all-star cast of investors originally first revealed by CoinDesk back in October. But if that …

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“The least evil.” That’s how one ethereum user described the latest effort to recover $264 million in cryptocurrency lost due to a code fault in a popular ethereum wallet. But while the recovery efforts that have proliferated since the November incident have been so far shunned, a new effort, now documented in code, aims for a …

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Tim Enneking is managing director at Crypto Asset Management, which oversees Crypto Asset Fund, a regulated US cryptocurrency trading fund. The number of initial coin offerings (ICOs) is growing rapidly, having raised an astounding $5.6 billion in 2017 alone. More outrageous is that, by most estimates, over half of the ICOs launched in 2017 have already failed. …

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Jon P. Brose is a partner and Brett R. Cotler is an associate in the blockchain and cryptocurrency practice at the law firm of Seward & Kissel. The following article is an exclusive contribution to CoinDesk’s Crypto and Taxes 2018 series. Like so much else in cryptocurrency taxation, the rules for crypto funds – pooled investment vehicles that seek above-market returns from digital asset …

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Bitcoin isn’t for payments? While that may be the popular narrative of late, don’t tell that to Bellatorra Skin Care, a luxury brand that has found the opposite as it’s expanded internationally into markets such as China and India. Not only is bitcoin (which has seen years of declining interest from merchants as the network bumped …

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Imagine a way to expand bitcoin payments to millions per second. Now, imagine a clunky, command-line interface. That’s the extent of the divide between the vision enabled by bitcoin’s best-yet scaling solution, the lightning network, and the current state of its design. But while that’s daunting, developers are moving ahead on designs to make the …

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Zac McClure is the Co-founder of TokenTax, a cryptocurrency tax startup. The following article is an exclusive contribution to CoinDesk’s Crypto and Taxes 2018 series. 2017 was a banner year for cryptocurrency–an expansive bull market, exciting new coins, and an explosion of crypto-related services. As cryptocurrencies finally reached the mainstream, regulators and governments have stepped …

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Kirk Phillips is an entrepreneur, certified public accountant (CPA) and author of “The Ultimate Bitcoin Business Guide: For Entrepreneurs & Business Advisors.” The following article is an exclusive contribution to CoinDesk’s Crypto and Taxes 2018 series. Your attempt to get clarity around crypto tax brain teasers can result in some surprising and unexpected tax liabilities at …

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It turns out, Vitalik wasn’t exactly joking. Sure, that might be what most people thought when ethereum’s creator published a controversial proposal on April Fool’s Day, but the post has prompted a very real, very serious conversation about whether the underlying economics of the world’s second-largest cryptocurrency should be altered. In fact, in the weeks since …

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