The Cryptocurrency Open Patent Alliance (COPA), a newly formed organization that “seeks to remove patents and litigation as a barrier to growth in crypto”, has demanded proof from Craig Wright that he is Bitcoin creator Satoshi Nakamoto before founding member Square will countenance removing the Bitcoin whitepaper from its website. The letter, sent from COPA to Wright’s lawyers, asks nine questions it says Wright must answer if he wants to assert what he says is his copyright over the Bitcoin whitepaper, an assertion that elicited a strong response from the cryptocurrency community two weeks ago and saw the Bitcoin whitepaper uploaded on several sites, including FullyCrypto.
U.S. cryptocurrency traders are once more on the receiving end of erroneous Inland Revenue Service (IRS) letters claiming they owe money over unpaid taxes. The CryptoTrader.tax website has posted on its blog about a cryptocurrency trader who received a CP2000 Notice stating that he had to pay $127,000 for underreporting his 2018 income, when in fact it was the IRS that owed him money. CryptoTrader.tax has reported that “dozens of individuals” have come forward in recent days with concerns over their own CP2000 forms, illustrating once again that the IRS are still not getting to grips with cryptocurrency exchange data.
Read the full article at FullyCrypto: https://fullycrypto.com/cp2000-forms-erroneously-issued-to-crypto-traders-again
Esteemed investment advice service The Motley Fool has performed an astonishing U-turn and purchased $5 million worth of Bitcoin with the intention of seeing it through until it goes 10x. The site, which has savaged Bitcoin on a regular basis for years, announced the shock news yesterday in a move that is so uncharacteristic that this author had to check it wasn’t April Fool’s Day.
Read the full article at FullyCrypto: https://fullycrypto.com/motley-fool-buys-5-million-in-bitcoin-in-shock-u-turn
Users of cryptocurrency portfolio app Blockfolio were met with an unsavory start to the day after hackers infiltrated an RSS feed and used the notification settings to post racist comments and purported links to child pornography. The hackers also replaced the Bitcoin name with a racist name in an incident that, while not raising user funds, is a reminder that hacks of all sorts are possible in the space.
Read the full article at FullyCrypto: https://fullycrypto.com/blockfolio-hacked-and-racist-message-sent-to-users
Christie’s, one of the world’s most famous auction houses, is preparing to take its first step onto the blockchain as it auctions off an artistic representation of the codebase behind Bitcoin’s creation. A painting, one of a collection by artist Robert Alice, features a portion of the code that launched Bitcoin back in 2009, and will be auctioned off alongside a non-fungible token (NFT) on October 7.
Read the full article at FullyCrypto: https://fullycrypto.com/christies-to-auction-bitcoin-code-painting-and-nft
Dogecoin enjoyed a 1,000% pump last week on the back of the WallStreetBets crowd finding out about cryptocurrency (before Robinhood stopped them), but many bought in at the top and have seen massive losses since. However, plenty are publicly sticking to their guns while predicting that the moon is still in sight, but what are the chances that they will end up being the next generation of DOGE bagholders instead of newly minted millionaires?
Read the full article at FullyCrypto: https://fullycrypto.com/doge-buyers-delusional-bagholders-or-future-millionaires
Microsoft last week identified a new malware that could steal the contents of cryptocurrency wallets on Windows machines. Called Anubis, the malware is not related to the Android malware of the same name that appeared in 2018, and for now appears to have a narrow and specific range of targets, although the new Anubis malware could be used for more widespread attacks in the future.
Read the full article at FullyCrypto: https://fullycrypto.com/new-anubis-malware-could-steal-your-crypto
Timing the end of a market cycle is the secret to trading on all time frames, particularly so in an alt season. You don’t want to have stacked a whole load of BTC through alt coins only to lose it because you mistime the move back into BTC. but how can you tell when an alt season is coming to an end and it’s time for Bitcoin to take center stage again?
Read the full article at FullyCrypto: https://fullycrypto.com/alt-season-how-to-tell-when-its-over
In an interview with FamilyOffice, Michael Saylor revealed that he believes a seven-digit price tag for bitcoin is very apparent. Saylor's company, Microstrategy, already owns more than 90,000 BTC worth around $5 billion.
Read the full article at FullyCrypto: https://fullycrypto.com/michael-saylor-bitcoin-flashes-screaming-buy-signal
BitMEX has finally taken a long awaited step toward legitimacy and announced that it is to introduce KYC after years of resisting such measures. In a sign of the increasing presence of regulation in the cryptocurrency space, the Cayman Island-based exchange, which has come in for criticism from financial authorities worldwide over its lack of regulation, has bowed to pressure and announced a User Verification Programme beginning on August 28.
Read the full article at FullyCrypto: https://fullycrypto.com/bitmex-to-introduce-kyc-program