Popular Discussion Board 4chan Now Accepts Cryptocurrencies for Passes

Popular Discussion Board 4chan Now Accepts Cryptocurrencies for Passes

News This week cryptocurrency enthusiasts were pleased to hear that the infamous imageboard 4chan now accepts four different digital assets for its website pass. The $20 annual pass allows users to bypass captcha verifications when posting on 4chan and now users can purchase passes with BCH, BTC, ETH, and LTC. Also read: Meet Cash-ID: The Open Protocol That Uses Bitcoin Cash Keys for Identity 4chan Accepts Four Cryptocurrencies for Captcha Passes The notorious forum 4chan is an interesting place on the web where people discuss topics like video games, anime, politics, and of course dank memes. Some would say that 4Chan is basically a meme and shitposting factory filled with lots of online humor, styled in a puke green text color. Cryptocurrency enthusiasts this week have noticed the popular website now accepts four cryptocurrencies using the Coinbase Commerce platform. Users can purchase a $20 4chan Pass using either bitcoin cash (BCH), bitcoin core (BTC), ethereum (ETH), or litecoin (LTC). 4chan uses Coinbase Commerce to accept digital currencies. Crypto Fans Are No Strangers to 4chan’s Social Engagement Because 4chan users can basically post anonymously, the platform uses the captcha system to combat script bots from spreading spam all over the forum. Without a 4chan pass, posting and replying to forum threads is constantly interrupted by captcha requests. A 4chan pass allows users to bypass typing captcha verifications when using the discussion boards for an entire year. 4chan passes were originally a community idea that helps to support funding the censorship-free forum. “Passes cost $20 per year, which is about $1.67 per month—or less than a single 20 oz bottle of soda,” the 4chan administrators explain. Cryptocurrency supporters on Reddit and Twitter appreciate the fact that the internet’s infamous shitposting discussion board is opening up to accepting various digital currencies. Moreover, a good portion of Bitcoin fans are supporters of dank memes, Rickrolling, doge, and Pepe the frog. What do you think about 4chan accepting cryptocurrencies for passes? Let us know your thoughts on this subject in the comment section below. Images via Pixabay, and 4chan’s discussion/image board.  At news.Bitcoin.com all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take a look at the comment to approve it.…

Chris Dodds, Charles Schwab Board Member, Is Joining Coinbase’s Board

Chris Dodds, Charles Schwab Board Member, Is Joining Coinbase’s Board

Left to right, Brian Armstrong and Chris Dodds.I’m pleased to announce that Chris Dodds, who serves on the Board of Directors of The Charles Schwab Corporation and as a senior private equity advisor, is joining the Coinbase Board of Directors. Chris brings world-class leadership skills, deep knowledge of the financial services industry, and significant financial and accounting experience. His extensive expertise will be an asset to the Coinbase leadership team as we focus on scaling our business. Chris started a 21-year journey with Schwab in 1986, holding a variety of financial positions in treasury, corporate development, and financial planning and analysis throughout his tenure at the company. He served as Vice President of Corporate Finance and Mergers and Acquisitions from 1989 to 1993, and Treasurer from 1993 to 1997. Chris was also the company’s Corporate Controller, followed by eight years as Chief Financial Officer from 1999 until 2007. He transitioned to serving as a Director of Schwab Bank in 2007, and joined the Board of The Charles Schwab Corporation in 2014, where he serves as Chairman of the Risk Committee. In 2008, Chris became a senior advisor in the Financial Services practice at The Carlyle Group, a private equity firm. After 10 years there, he transitioned to The Cynosure Group, another private equity firm, where he currently serves as a senior advisor. His addition to the Coinbase board is part of our effort to expand our financial services capabilities as we head into this next chapter for the company and the cryptocurrency industry as a whole. Welcome Chris!

Welcome Jonathan Kellner, Managing Director of Coinbase’s Institutional Coverage Group

Welcome Jonathan Kellner, Managing Director of Coinbase’s Institutional Coverage Group

As crypto continues to mature and evolve into a fully fledged, tradable asset class, institutional investors of all types will play a critical role in the market. These participants will range from crypto-first institutions such as token issuers and crypto hedge funds, to more traditional finance players such as hedge funds, banks, asset managers and family offices. Each will have a role to play, and each will have different needs. As Coinbase continues to grow and act as the bridge between traditional finance and crypto world, we’re committed to bringing on leaders who can help us chart a course through these previously uncharted waters. Today we welcome Jonathan Kellner, who will join us as Managing Director of our Institutional Coverage Group. Jonathan brings more than two decades of financial markets experience to his role. Most recently he served as CEO of Instinet, an early pioneer of electronic trading and execution services. In his new role at Coinbase, Jonathan will take charge of our institutional sales and support organizations, and will play an integral role in bringing our suite of institutional crypto trading products to professional investors. Prior to his appointment as CEO of Instinet in 2008, Jonathan led the company’s U.S. Sales Trading Group, as well as previously holding key positions at Charles Schwab & Co. and Morgan Stanley throughout his career. Please join us in welcoming Jonathan to Coinbase!

Ukrainian Legislator Urges Parliament to Cut Crypto Taxes Until 2030

Ukrainian Legislator Urges Parliament to Cut Crypto Taxes Until 2030

A Ukrainian legislator has urged parliament during a speech on Monday, October 1 to review his alternative bill on cryptocurrencies that offers to freeze taxes for crypto traders up to 2030. MP Yuriy Derevyanko, a member of the anti-corruption Movement of New Forces founded back in 2017 by former Georgian politician Mikheil Saakashvili, introduced his version of the bill at the conciliation board of The Verkhovna Rada of Ukraine, the country’s unicameral parliament. “The bill provides tax exemptions for all the participants of crypto market up to 31 December, 2029,” Derevyanko stated. He further explained the importance of such a decision for the Ukrainian economy: “I believe we need to impose a moratorium on taxation of [the crypto] area for the next 10 years. We have to regulate and legalize this segment, which will become an engine for a new economy.” The alternative bill, registered September 27, offers slightly different definitions for cryptocurrencies, blockchain, mining, and tokens. According to the document, tax holidays will refer to all income from crypto deals both for individuals and entities. Derevyanko’s document opposes the main bill, which several MPs of president Petro Poroshenko’s party has put forward earlier this September. Per the above graphic, the main difference between the two bills consists of their approach to taxation. As Cointelegraph has explained, the first draft offers a five percent tax for individuals and legal entities operating with virtual currency assets, such as coins and tokens. Starting January 1, 2024, the tax for business revenues from crypto will rise up to 18 percent. This, the document states, might help Ukraine draw an additional 1.27 billion hryvnia ($43 million) to the budget annually from 2019-2024. As Cointelegraph reported earlier, Ukraine has repeatedly expressed its desire to create a national digital currency tied to local fiat (hryvnia). Ukraine’s draft cryptocurrency legislation also contains regulatory provisions against money laundering, terrorist financing, and other criminal activities. Earlier in June, Ukrainian police arrested four men who were suspected of running at least six fake cryptocurrency exchanges. Later, the authorities questioned users allegedly deceived by fraudulent exchanges.

South Korea’s Policy Chief Calls for Legalization of ICOs

South Korea’s Policy Chief Calls for Legalization of ICOs

The chairman of Korea’s National Policy Committee has called for the legalization of initial coin offerings (ICOs), providing that a regulatory framework is put in place. According to a report from CoinDesk Korea on Tuesday, Min Byung-Doo, who is a member of the country’s governing Democratic party, said that, with token sales becoming a global trend, “I do not want the ICO door closed completely … The state should not ignore [the issue].” The policy chief spoke earlier Tuesday during 8th plenary session of the National Assembly, at which lawmakers posed questions to the administration. In order to create trust in the industry, ICOs should also be regulated, Min stressed. However, the official pointed to reluctance on the part of the government to draw up new rules as a prevailing issue. Specifically, he said that “fraud, speculation and capital laundering must be strictly prohibited,” and the crypto industry would need to self-regulate and introduce safety standards as well. The country’s financial watchdog, the Financial Services Commission, announced a ban on ICOs in September 2017, although the law has not yet been enacted, according to the report. The lawmaker pointed to the economic advantages of token sales, saying that while there is a pessimistic view of cryptocurrencies in some quarters, many token projects are seen as having a viable future. Raising the vast sums of money that have been raised in some token sales, Min said: “We can see that the flow of investment is clearly changing compared to ICO and angel fundraising. The ICO has raised $1.7 billion for Telegram and $4 billion for Block.One, It is getting bigger and bigger.” Efforts thus far Several bills seeking to provide a legal framework for cryptocurrencies have already been proposed to the National Assembly in South Korea, with such legislation coming under the jurisdiction of the Political Affairs Committee, CoinDesk Korea previously reported. With Min being chairman of the committee and now strongly expressing his belief that ICOs should be allowed in law, the odds of regulations being passed in the near future may have just increased. However, any legal measures must pass a vote of the Politburo Committee at a future plenary session. Further, while Prime Minister Lee Nak-yeon is a supporter of blockchain technology, he has…

50-Day Moving Average Is Newest Hurdle for Battered Bitcoin Price

50-Day Moving Average Is Newest Hurdle for Battered Bitcoin Price

Bitcoin’s price looks vulnerable to modest slippage in the next 24 hours, as its persistent failure to pass a key moving average hurdle could embolden the bears. The leading cryptocurrency has been in a narrow sideways drift in recent days, with the 50-day exponential moving average (EMA) proving a tough nut to crack since Saturday. BTC’s inability to cross the 50-day hurdle indicates that the bullish move from the Sept. 19 low of $6,100 has lost momentum. As a result, the door is now open for the bears to make their presence felt over the next 24 hours, and prices could be forced down to $6,300. As of writing, BTC is changing hands at $6,580 on Bitfinex, having faced rejection at the 50-day EMA level of $6,649 earlier today. Daily chart As seen on the daily chart, the 50-day EMA has been capping the upside in BTC since late September. It is worth noting that BTC is trading below all three major moving averages – 50-day, 100-day, and 200-day EMA – which could be considered a bearish sign. However, these averages are flatlined, which indicates that BTC has lacked a clear directional bias for far too long. As a result, a big move in either direction is overdue. 4-hour chart Over on the 4-hour chart, BTC is trading just below the lower edge of the ascending triangle, meaning the bull failure at the 50-day EMA is beginning to prove costly. Furthermore, the relative strength index (RSI) has fallen back below 50.00 in bearish territory. A downside break would be confirmed if the current or the next 4-hour candle closes below the triangle support. In that case, BTC could fall quickly to $6,328 (Sept. 28 low). View BTC’s persistent failure to move past the 50-day EMA could end up yielding an ascending triangle breakdown on the 4-hour chart. An ascending triangle breakdown, if confirmed, would open up downside towards the immediate support of $6,328 (Sept. 28 low). A violation there would expose the next support, lined up at $6,100. On the higher side, acceptance above the 50-day EMA of $6,649 would put the bulls back in a commanding position. Disclosure: The author holds no cryptocurrency assets at the time of writing. Bitcoin image via Shutterstock; Charts by Trading View Join 10,000+ traders…

Draconian Digital Search Laws Threaten Bitcoiners Passing Through Customs

Draconian Digital Search Laws Threaten Bitcoiners Passing Through Customs

Security Draconian legislation in a series of supposedly liberal democracies is encroaching on the rights of travelers. New Zealand is the latest nation to pass laws granting customs agents unprecedented investigatory powers including the right to force travelers to disclose their passwords or face a $5,000 fine. The news has understandably been greeted with alarm by bitcoiners who have particular reason to prize their privacy. Also read: How to Protect Your Bitcoin and Your Privacy When Passing Through Customs New Zealand Presages the Shape of Border Surveillance to Come Travelers passing through customs are particularly vulnerable to state intrusion into their personal lives. Airports occupy a sort of netherworld in which the normal laws protecting citizens are relaxed under the guise of protecting national security. While preventing terrorists and other dangerous criminals from gaining entry is a justifiable reason for profiling and potentially searching new arrivals, it’s also used as a dragnet exercise. From cypherpunks to activists, anyone deemed vaguely anti-government – despite presenting no physical threat to the state – are prone to being hauled up for interrogation. Laptop inspected. Cell phone scrutinized. And now, password demanded. New Zealand’s national security measures are not usually mentioned in the same breath as those of more oppressive regimes such as the US. Its latest customs law has placed the Antipodean territory firmly in the limelight, however, and had bitcoiners vowing never to return. Travelers who refuse to produce the password to their electronic devices upon request could be handed a $5,000 fine. The Customs and Excise Act 2018 effectively authorizes “digital strip searches”. While some caveats have been introduced – the search will supposedly be limited to data stored on the device and not to connected cloud accounts – it is nevertheless a cause for concern. Concerned Cryptocurrency Holders Vow to Take Preventative Measures The number of travelers who are forced to reveal their passwords by NZ officials is relatively low; 540 devices were searched in 2017. There are fears however that the new Customs and Excise Act will lead to an increase in searches and set a dangerous precedent that could be emulated by the other Five Eyes nations, completed by Australia, Canada, the UK and the US. The quintet are parties to a multilateral…

Crypto Mining for Political Campaigns? A US Elections Agency Is Considering It

Crypto Mining for Political Campaigns? A US Elections Agency Is Considering It

The U.S. Federal Election Commission (FEC) is considering a request that, if approved, would allow people to volunteer for political campaigns by lending some of their computing power to mine cryptocurrencies. The request from OsiaNetwork LLC, quietly published in late September, is the first of its kind, and if given the thumbs-up would represent a new way for cryptocurrencies to be used to support political efforts in the U.S. The request is currently subject to a public comment period. In May 2014, the FEC gave its approval for bitcoin donations as a form of in-kind contribution to campaigns. The company wants to serve as the platform through which would-be “volunteers” can give up their devices’ processing power to mine, effectively serving as a mining pool but with a decidedly political bent. “OsiaNetwork would allow volunteers to support federal political committees by ‘pooling’ the processing power of their internet enabled devices to mine cryptocurrencies. OsiaNetwork believes that enabling individual volunteers to so ‘pool’ the processing power of their internet enabled devices would allow individuals to support their preferred candidates, which they would not otherwise be able to do,” the request states. According to the document, volunteers would designate which devices they want to use, and as long as they’re actively signed into OsiaNetwork’s website, their computing power would be used to generate new cryptocurrency. “Mining rewards will be allocated among OsiaNetwork’s clients proportionately to the number of hashes that each committee’s volunteers generate in order to solve the block that generates the mining reward,” the company explained. “OsiaNetwork will maintain a separate account for each of its clients that reflects on an ongoing basis the number of hashes generated by the individual volunteers of that particular client.” OsiaNetwork goes on to clarify that it, not the volunteers themselves, will receive the generated coins. Volunteers “will not have ownership interest in or any rights to the mining reward at any point.” Notably, the request seeks to allow political campaigns themselves to solicit such a donation option, with OsiaNetwork connecting to their websites and enabling contributors to sign up from that point. As OsiaNetwork explained: “If a federal political committee would like to allow their individual supporters to volunteer the processing power of their internet enabled devices, OsiaNetwork…

VC Investment in Blockchain Startups Is Up 280% So Far This Year

VC Investment in Blockchain Startups Is Up 280% So Far This Year

As the crypto industry sees a decline in initial coin offerings (ICOs) amid regulatory concerns and major losses across token markets, traditional VC investment is once more on the rise. In its latest report, blockchain research group Diar reports that blockchain and cryptocurrency-focused startups have raised nearly $3.9 billion through VC investments in the first three quarters of the year – that up 280 percent when compared to the whole of 2017, it says. Based on data from Pitchbook, the report indicates that number of deals also nearly doubled this year. VC investment in blockchain/crypto (Source: Diar/Pitchbook) Alongside the increase in VC deals, the average size of crypto and blockchain investments has increased by over $1 million in 2018. Ten of the largest blockchain and crypto investments in 2018 saw the recipient companies raise more than $1.3 billion in total venture capital. While one of the firms has a native token (DFINITY), the rest represent equity investment, says Diar. Median VC investment in blockchain/crypto (Source Diar/Pitchbook) Explaining why it believes VC has seen a sudden spike in popularity among startups seeking funding, Diar says that 70 percent of ICO tokens are now valued lower than during their respective sales. Further, “the majority of tokens have dropped in price by more than 90 percent from their all time highs,” it said. The research company also cites regulation and issues with the ICO projects themselves as further reasons for a drop in popularity of token-based fundraising, saying: “Non-equity ICOs are not only scrutinized by the regulators but the founders also have very misaligned incentives as there is no contractual obligation to deliver a product – a reality that to date seems to be the case with few launches, and even less adoption.” The amount being raised through ICOs, as well as the number of projects successfully completing token sales, “is now approaching a one year low,” according to the report. Dollars image via Shutterstock The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

CoinDesk Ranks the Top 10 U.S. Blockchain Universities and Colleges

CoinDesk Ranks the Top 10 U.S. Blockchain Universities and Colleges

1. Stanford Topping our list, Stanford continues to build on its reputation as a well-rounded leader in the field. Past interdisciplinary courses like “Digital Currency and Cybercrime,” have allowed students from Stanford’s renowned law, business, and computer science schools to collaboratively study the subject. Stanford has also established itself as a magnate for well-known professors in the industry. Kathryn Haun, a former federal prosecutor and now general partner at Andreessen Horowitz, taught a management class called “Cryptocurrency” alongside Susan Athey, a world-renowned economist. Other industry leaders have also found themselves drawn to Stanford. Balaji Srinivasan, the former CEO of Earn.com and current CTO of Coinbase, jointly taught a course on bitcoin in the computer science department. Furthermore, Stanford has attracted significant investments from the blockchain technology industry. The Ethereum foundation and others funded the Stanford Center for Blockchain Research, a five year project dedicated to working on the field’s many technical challenges. However, like all other schools, Stanford faces the challenge of retaining these talented professors as they continue to play a leading role in the development of the industry. 2. University of California, Berkeley As the only public school in CoinDesk’s rankings, UC Berkeley demonstrates that universities can stay at forefront of emerging technologies without charging sky-high tuitions. Building on its reputation as one of the top engineering schools in the country, UC Berkeley offers several high-level computer science courses on the subject. However, the school also makes an effort to offer interdisciplinary education with courses like the aptly titled “Blockchain, Cryptoeconomics, and the Future of Technology, Business and Law.” This course, which draws professors from the business, computer science, and law schools, further cements Berkeley’s reputation as a leading educator. Perhaps most importantly, UC Berkeley benefits from one of the most vibrant on-campus communities in the country. The student organization Blockchain at Berkeley both educates and builds products, performing paid consulting work for major companies like Airbus and Qualcomm. Berkeley’s law and business schools also boast their own blockchain related clubs. 3. New York University New York University was one of the first schools to offer a blockchain related course. Since 2014, professors David Yermack and Geoffrey Miller have offered the “Digital Currency, Blockchains and the Future of Financial Services” course, which focuses…