Bitcoin is a Garbage Network, Says Fortune 500 Software Developer

Bitcoin is a Garbage Network, Says Fortune 500 Software Developer

TweetShare Years of over-engineering and ethical decay has made Bitcoin a garbage network, says a Fortune 500 software developer. Bryce Weiner, known for being part of controversial altcoin projects and their subsequent failures, took a potshot at the world’s leading digital currency protocol without elaborating on it. He later admitted that he was acting humorous while…

Bitcoin Tax Confusion Has Accountants Turning to Specialized Software

Bitcoin Tax Confusion Has Accountants Turning to Specialized Software

Advertisement TweetShare Every time you convert Bitcoin to anything, be it goods or services, other cryptocurrencies, or even tax payments, it might be a taxable event, depending on your local regulations. It’s not something a lot of cryptonaughts think about when carrying out their daily lives, but potential penalties can be steep for tax evasion.…

Crypto Giant Bitmain Open Sources KYC Software Tool ‘Coconut’

Crypto Giant Bitmain Open Sources KYC Software Tool ‘Coconut’

Advertisement Bitmain, the world’s largest crypto mining firm, has opened the code for its privacy-centric know-your-customer protocol (KYC), called Coconut. Coconut uses Intel’s Enhanced Privacy ID for authentication and separates the management of identifying information and information needed to conduct business. Coconut is a response to industry fears that KYC demands might potentially compromise user…

BitMEX Takes Aim at Bitcoin Core, Will Launch Competing Software Client

BitMEX Takes Aim at Bitcoin Core, Will Launch Competing Software Client

Advertisement The research arm of cryptocurrency trading platform BitMEX has announced that it will launch its own Bitcoin software client to compete with reference implementation and industry standard Bitcoin Core. Unveiled this week in a lengthy post discussing the merits of competing software clients, BitMEX Research said that it chose to release its own BTC…

Japanese Tech Firm GMO Releases ‘Free’ Zcash Mining Software

Japanese Tech Firm GMO Releases ‘Free’ Zcash Mining Software

Advertisement Japanese tech firm GMO is expanding its nascent cryptocurrency mining operation beyond bitcoin through the release of a software client designed to mine zcash and other Equihash-based cryptocurrencies using general-purpose GPU chips. Japanese Firm Releases Zcash Mining Software Dubbed Cryptoknocker, the software has specifically been developed for mining rigs composed of Nvidia graphics cards…