Sentences with phrase «virtual currency based»

XRP, the virtual currency based on the Ripple blockchain payment system, was developed to facilitate cross-border payments between institutions.

«The «confidence» in [bitcoins] or for that matter any virtual currency based on blockchain or any other technology is also limited to its initial rounds and circles only; the initial rounds are always filled with adventurists and risk seekers; the moment masses get in, the riskavoiders get in, they will need greater «confidence» for acceptance and that can come only if an «authority» issues it.»

Other virtual currencies have since been created from the same open source code as Bitcoin, including Litecoin and Dogecoin, the virtual currency based on the Doge meme.1 More are popping up every day.

With crypto mania sweeping the world, a handful of countries have stirred at the possibility of issuing their own virtual currencies based on blockchain, the technology behind Bitcoin.

Not exact matches

President Vladimir V. Putin met briefly last year with Vitalik Buterin, the founder of Ethereum, the second most widely used blockchain - based virtual currency platform after Bitcoin.

The crackdown on Seoul - based operators of some of the world's busiest virtual currency exchanges comes as the government attempts to calm frenzied demand for cryptocurrency trading in Asia's fourth largest economy.

And if you're paying your employees in Bitcoin, the IRS says that pay is now subject to withholding taxes based on the virtual currency's fair market value.

If you have swapped one virtual currency for another, you still need to report the «like - kind» exchange to the IRS and track the basis.

Before you submit your tax return to the IRS, ask yourself: What's the cost basis of your virtual currency holdings?

Hong Kong - based Binance was operating in Japan through the internet without a license for a virtual currency exchange, according to a Google translation of the Japanese - language statement.

Japan's government said on January 29 it would impose administrative measures on virtual currency exchange Coincheck after hackers stole hundreds of millions of dollars in digital assets from the Tokyo - based firm.

The trading hype has persisted despite a massive hack of Tokyo - based exchange Coincheck in January that resulted in losses of about 58 billion yen ($ 533 million) worth of virtual currency, according to Coindesk.

Jonathan Mohan, founder of BitcoinNYC, a volunteer organization based in New York that unites Bitcoin enthusiasts, says the Fed's takedown of Liberty Reserve was downright good for Bitcoin — and that many people in the Bitcoin community see the Liberty takedown as a «benefit» for virtual currencies.

The lack of detail that Bitfinex provided about the hacking drove away some large customers, such as Arthur Hayes, the founder of Bitmex, a Hong Kong - based virtual currency exchange.

With a capital base, money transmitters who deal in virtual currency will be more secure in case of a lawsuit, said Smith.

That has helped make Japan the world's biggest market for speculative virtual currency trading, said Thomas Glucksmann, Hong Kong - based head of marketing for Gatecoin, a virtual currency exchange.

At face value, the draft appeals to the sensibilities of lawmakers regarding the necessity to protect consumers and give businesses who deal in virtual currencies access to a clear set of guidelines that can be easily understood by a customer base.

«Customers should not purchase virtual currencies, digital coins, or tokens based on social media tips or sudden price spikes,» the agency wrote.

There are many potential benefits for retailers accepting payment in blockchain - based virtual currencies:

While wrongdoers unfortunately exist in all facets of society, there is no basis to conclude that virtual currency is enabling violence or other criminal activity, or that stricter regulation of virtual currency would have a meaningful impact on those activities.

According to the GAO, there are over 485,000 IRAs, worth approximately $ 49.7 billion, invested in unconventional assets, such as energy investments, equipment leasing, foreign - based assets, farming interests, precious metals, private equity, promissory notes (both secured and unsecured), real estate, and tax liens, as well as virtual currency.

After a successful trial, China is one step closer to becoming the first country in the world to issue its own blockchain - based virtual currency.

«Our growing user base will now be able to keep their money in Dash and use their Shake Debit Card for common day to day expenses, regardless of the merchant accepting virtual currency or not.

Our growing user base will now be able to keep their money in Dash and use their Shake Debit Card for common day - to - day expenses, regardless of the merchant accepting virtual currency or not.

Swiss - based UBS announced a year ago its work on a virtual currency — Utility Settlement Coin — to facilitate faster transaction settlement.

On May 7, 2017, San Francisco - based virtual currency exchange Kraken executed a large sell order for the popular cryptocurrency, Ether, which depressed the price of that currency.

The biggest differecne between the value of a Bitcoin, or virtual nickel is: Outside of the Cult and pyramid scheme of the money for nothing non-asset based day trade, not a single person recognises this as currency.

Why would anyone use a virtual currency that has no «real» value, and is based on a system run by a group of shadowy hackers?

FinTech Trends The launch of the blockchain - enabled asset trading platform Nasdaq Linq, Goldman Sachs» filing of a patent for a securities settlement system based on a new virtual currency called SETLcoin, and the continued rise of blockchain banking consortium R3 all point to a race by financial institutions to harness the power of the blockchain.

Cops have confirmed that these people had swindled the President of a Tokyo based marketing company, with whom they have already been transacting for a couple of months, exchanging bitcoins and virtual currencies with cash.

The Manhattan - based association of lawyers, accountants and financial professionals in the virtual - currency economy, the Digital Currency Council provides training, certification and a client - referral platform to its membership, and helps those members get connected to new opportunities in the virtual - currency markcurrency economy, the Digital Currency Council provides training, certification and a client - referral platform to its membership, and helps those members get connected to new opportunities in the virtual - currency markCurrency Council provides training, certification and a client - referral platform to its membership, and helps those members get connected to new opportunities in the virtual - currency markcurrency marketplace.

The Manhattan - based association of lawyers, accountants and financial professionals in the virtual - currency economy, the Digital Currency Council provides training, certification and a client - referral platform to its membership, and helps those members get connected to... Read morcurrency economy, the Digital Currency Council provides training, certification and a client - referral platform to its membership, and helps those members get connected to... Read morCurrency Council provides training, certification and a client - referral platform to its membership, and helps those members get connected to... Read more»

This assessment is based on observed criminal activities, investigations, and prosecutions of individuals exploiting other virtual currencies, such as e-Gold and WebMoney.

«It's really highlighting the insecurity of using any kind of telephone - based security,» said Michael Perklin, the chief information security officer at the virtual currency exchange ShapeShift, which has seen many of its employees and customers attacked.

«Based on the recent developments in the virtual currency industry, we are studying various possibilities, including investments and partnerships with other companies, in order to further strengthen our system and management, but we have not made any decisions at present,» he wrote.

With the recent injection of funds from Li Ka - shing, the Atlanta - based startup may yet establish themselves as an entity akin to PayPal, if virtual currencies gain widespread acceptance in the coming years.

But the virtual currency's struggle for legitimacy has been shaken by recent debacles, including the collapse last week of Tokyo - based Mt. Gox, once the world's dominant bitcoin exchange.

It is a blockchain - based platform with many uses and features, including smart contracts, the Ethereum Virtual Machine (EVM) and it uses its own currency called Ether which is the direct equivalent of Bitcoin.

Therefore, it is not clear how the tax base for the exchange virtual currency for assets or services will be calculated until the National Tax Agency announces a circular notice.

As used herein, «Digital Currency» means a digital asset (also called a «cryptocurrency,» «virtual currency»), such as, but not limited, bitcoin or ether, which is based on a cryptographic protocol (s) of an electronic system that may be (i) centralized or decentralized, (ii) proprietary or open - source, and (iii) used as a medium of exchange and / or store oCurrency» means a digital asset (also called a «cryptocurrency,» «virtual currency»), such as, but not limited, bitcoin or ether, which is based on a cryptographic protocol (s) of an electronic system that may be (i) centralized or decentralized, (ii) proprietary or open - source, and (iii) used as a medium of exchange and / or store ocurrency»), such as, but not limited, bitcoin or ether, which is based on a cryptographic protocol (s) of an electronic system that may be (i) centralized or decentralized, (ii) proprietary or open - source, and (iii) used as a medium of exchange and / or store of value.

The Commodity Futures Trading Commission (CFTC) recently took a series of actions confirming views expressed late last year by CFTC Chairman Timothy Massad that» [d] erivatives contracts based on a virtual currency represent one area within [the CFTC's] responsibilities.

The key element of the Streamity project is StreamDesk — a decentralized blockchain - based application that will allow users to convert virtual currencies into fiat money without any intermediaries.

She called on consumers to «avoid purchasing virtual currency or tokens based on tips shared over social media.»

Transacting in Bitcoin is also riskier because consumers are not protected against virtual currency fraud, making it a less appealing option for those mindful of the collapse of Mt. Gox, a Bitcoin trading platform that was based in Japan.

State financial regulators delved into the virtual world, granting a virtual currency license to Bitcoin dealer bitFlyer USA, allowing the wholly - owned subsidiary of Japan - based bitFlyer, Inc. to offer online digital currency exchanges, trading platforms and custodial wallet services for the Bitcoin digital currency.

The virtual currency is about more than money — the real innovation is what people are doing with the technology it is based on

One of the best ways to make money with your dating and social networking site is to build a community based on virtual currency.

Following humble beginnings at the suburban New Jersey high school they attended, myYearbook partnered with game developer Arkadium to bring Flash based games and a virtual currency, called Lunch Money, to the site.

They're introducing a virtual currency credit based system called «beans.»

«Our Flikdate technology has been engineered for a clearly defined transactional revenue model to enable us to avoid a subscription based model entirely, through the sale of a virtual currency called «Fliks.»