CTO as Crypto Stays 95% Down Says Ripple’s XRP Sell-Offs ‘Negligible’

The senior executive of the blockchain payment network Ripple has publicly defended the company against fresh criticism of its related cryptocurrency, XRP. David Schwartz, chief technology officer of Ripple, dismissed a suggestion that XRP was planned as a revenue stream for the company in an ongoing debate on Twitter. Schwartz: XRP does not make Ripple richer The argument followed further tweets from sources including ex-Bitcoin Core developer Peter Todd, who had been told by Ripple partners that they were not willing to use XRP. No one buys XRP to give…

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What is Qtum (QTUM) Cryptocurrency : The Basics For Beginner .

What is Qtum (QTUM)? Qtum, pronounced “Quantum” is an open-source, decentralized Blockchain platform and Value Transfer Protocol. It can execute smart contracts on multiple virtual machines and run environments with Proof-of-Stake consensus. Qtum is a hybrid of both Bitcoin and Ethereum, which combines Ethereum smart contracts with the stable blockchain of Bitcoin. It is build from Bitcoin’s core code, and modified to work with Ethereum Virtual Machine (EVM). All this while replacing Proof-of Work with Proof-of-Stake as consensus mechanism. QTUM is official cryptocurrency of Qtum Blockchain platform. QTUM serves its function as…

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Apple To Remove Mobile Dapp Browser From App Store.

Google previously reported dropped MetaMask from its Android app store, Ethereum-based decentralized application (DApp) client. While Apple may now force Coinbase to remove its crypto wallet application from the DApp browser feature. On December 28, a Reddit post shows that Coinbase, headquartered in the United States, advised its customers that to conform to Apple ‘s mobile App Store policy, it may be urged from its wallet application to remove the DApp browser feature. Armstrong also said consumers participating in using DApps on mobile devices from Apple may need to ask…

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Bithumb Crypto Exchange Litigates a $68.9M tax bill

Big South Korean cryptocurrency exchange Bithumb is reportedly searching for a $68.9 million (80 billion won) tax bill to pursue administrative litigation. KoreaHerald, an English-speaking local news service, announced on Dec. 29 that the local tax office handed over 80 billion won in trade taxes. The first such occurrence in South Korea The report reports that the National Tax Service pressured the exchange to pay the withholding taxes on foreign customers ‘ trading activities according to documents released by Bithumb’s largest shareholder Vidente through the financial supervisory services. Also, Vidente officially discovered the tax earlier this…

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