Recent Blockchain Issues

seosi (35)in #crypto • 5 years ago

Hello! I'm RM's manager!

Today we will inform you about the news of the blockchain in March ^^

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First news.

#1. [How to Stop the Next Quadriga: Make Exchanges Prove Their Reserves]

What differentiates bitcoin from its analog cousin, gold?
You might respond ‘divisibility’ or ‘portability.’ You would be correct. But what really differentiates it?
The answer, of course, is auditability.

One potential solution is to demand that exchanges issue periodic proofs that they actually have
dominion over assets owed to depositors
only one exchange routinely carries out these attestations — the London-based Coinfloor.

Sources : Nic Carter / Conindesk
https://www.coindesk.com/how-to-stop-the-next-quadriga-make-exchanges-prove-their-reserves

Second news.

#2. [IRS Crypto Summit Was About the Exchange of Ideas, Not Tax Guidance]

On the IRS side, numerous agency employees filled the auditorium with questions of their own, asking for
clarity on how blockchain forensics works on a technical level, how privacy coins differ from cryptocurrencies
like bitcoin (BTC) and even just what specifically they could do to simplify the process for taxpayers.

Calculations and filing / Sophistication

Sources : Nikhilesh De / Coindesk
https://www.coindesk.com/irs-crypto-summit-was-about-the-exchange-of-ideas-not-tax-guidance

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