A Major Bug In Bitcoin Software Could Have Crashed the Currency (Motherboard) “On Tuesday, the developers of Bitcoin Core—the software that effectively powers the Bitcoin blockchain—released a new version that patched a vulnerability that allowed a malicious user to crash the network, making everyone’s digital coins effectively useless. The bug has been variously described as ‘very scary,’ ‘major,’ and one of the ‘top three or four’ most serious bugs ever discovered in Bitcoin,” writes Motherboard’s Jordan Pearson. But it’s okay. Everything’s fine now. No need to ever worry about anything ever again. Now where’s our Xanax? These Oil Traders Are Trying to Overhaul the Industry With a Blockchain Venture…
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Must-reads for August 23, 2018
Here are the crypto stories you should be watching today
SEC rejects bitcoin ETFs (CNBC) Crypto bros are used to getting a lot of rejections, especially on Tinder. Now it’s the Securities and Exchange Commission turn, rejecting seven bitcoin-based exchange-traded fund. Bitcoin prices remain above $6,000, perhaps because it was mostly priced in. Obviously, everyone read the Modern Consensus piece about why the SEC shouldn’t approve such ETFs in the first place. A cryptocurrency is making huge inroads in Venezuela as inflation runs wild — and it’s not bitcoin or the petro (Business Insider) Spoiler alert: The cryptocurrency they’re talking about is Dash. Hey, maybe one of the upsides to a regime marked by terror, failed financial planning, corruption, persecution…
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This looks like someone may be in trouble for evading taxes with cryptocurrencies (via Shutterstock)Five countries join forces to crack down on crypto tax crimes
Tax authorities from US, UK, Australia, Canada, and Netherlands coordinating enforcement
A group of five nations have formed an international alliance to fight cryptocurrency-related tax crimes and money laundering schemes. The Joint Chiefs of Global Tax Enforcement, or J5, includes tax agencies from Australia, Canada, the Netherlands, the United Kingdom, and the United States. Authorities from the five countries hope the collaborative effort will increase their success in combating cross-border tax crimes. “We will work together to gather information, share intelligence, conduct operations, and build the capacity of tax crime enforcement officials,” the group said on its new page on the IRS website, adding that J5 plans on piloting new approaches and conducting joint operations against offshore tax crimes. Cryptocurrency allows…
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Australians can now buy bitcoin and ether at their local newsagents. What could possibly go wrong? (via Blueshift)1,200 Australian convenience stores now sell bitcoin and ether
Antipodes can now buy cryptocurrencies with their deodorant
Mainstreaming is weird. After being blessed by regulators as valid and viable, getting a wink of acknowledgement from Starbucks, and making some highly conspicuous appearances in the world’s stock photo supply, cryptocurrency is now available in 1,200 convenience stores across the country-continent of Australia. Like buying lotto tickets or cigarettes, Australian would-be crypto-traders can now buy bitcoin and ether over the counter with nothing more than cash, a phone number, and an email address. The minimum purchase is A$50, and there’s a 5 percent fee. Though the system only went live last week, the infrastructure has been in place for a couple of years. That’s because cryptocurrency exchange Bitcoin.com.au partnered…
