Japan is the only one among seven major industrialized nations to tax bitcoin. There is an increasing number of critics within the country arguing that the consumption tax hurts Japan’s competitiveness, writes Toshihisa Kinouchi of Nikkei. While Japan currently ponders deeming bitcoin and virtual currencies as currencies similar to conventional fiat currencies, there is another […]
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If you’ve made a Bitcoin transfer in the last hours you probably are wondering why it still hasn’t gone through. The reason is that that the number of unconfirmed transactions on the Bitcoin blockchain is really large at the moment, so things are moving slowly. The wait time for transactions with standard network fees could take quite some time, so be aware of that when sending payments or transferring BTC between wallets. Increasing the network fee might help in moving your transfer faster than others, but with such high number of unconfirmed transactions it could still take more time than usual. There is no very apparent reason why the number of unconfirmed transaction is over 35 thousand at the moment, so it could as well be somebody testing/flooding the network with many small transactions. Issues like that are bringing up yet again the question about the increase of blocksize over the current limit of 1 MB, even though it has been a few months since we’ve last had too many unconfirmed transactions, it is issues like these that might become more common in the future due to the small block size and larger number of transactions happening.
– To check the number of unconfirmed transactions on the Bitcoin network at the moment…
Bitcoin price declines reluctantly and has not achieved a new high since Sunday. Successive lows are printing in the chart and the bulls seem to be using each as an enthusiastic buying opportunity, making for a jagged decline. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a […]
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The Melrose Police Department in Massachusetts fell prey to ransomware that spread was triggered from a malicious email opened by a member of the department. To regain access and control of the files encrypted by the cryptographically-coded ransomware, the Police Department paid one bitcoin in ransom, reports have concerned. The attack came in the form […]
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The second annual Satoshi Roundtable, a group of blockchain technology developers, investors and early adopters, discussed important issues such as block chain capacity and the scalability of bitcoin this past weekend, but according to posted comments, they did not reach any conclusions during the invitation-only event. The roundtable was limited to 75 members. Bruce Fenton, […]
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Two U.K. men who pleaded guilty to selling drugs on the Silk Road Marketplace website were each sentenced to five years in jail, according to The Express & Star in the U.K. Richard Hiley worked with Peter Ward, who was reported to be a major figure on the dark web and used the name PlutoPete. Ward […]
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South Korea’s securities exchange, the Korea Exchange (KRX) is developing a blockchain platform to link sellers and buyers to trade securities directly. Korea’s stock exchange operator is reportedly seeking to launch a platform powered by blockchain technology to stir up the off-board trading market that will also enable the trading of non-listed securities, often exchanged […]
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