About author: Michael Scott

Arun Nadarasa has a fascinating journey - a long fortuitous path that has led to his current intellectual challenge involving the world of cryptocurrency. Born in France, he moved to the UK with his parents in 2002 and began his Pharmacy at the University of Bath four years later. He first started working as working a community pharmacist in 2013...

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Who is John Galt? And who is Jennifer Grossman? The former is the mythical hero featured in Ayn Rand’s perennial best-selling novel Atlas Shrugged. Then there is Grossman, CEO of the Atlas Society, a research and advocacy organization that "promotes Open Objectivism; the philosophy of reason, individualism, achievement, and freedom as championed by Ayn Rand." "The principles of Objectivism, the...

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Further reflecting the ongoing uncertainty around today’s cryptocurrency tax environment, newly released court documents appear to reveal the intention of the U.S. Internal Revenue Service (IRS) to more narrowly focus its investigation in its ongoing saga on obtaining user information from Coinbase. According to the July 6 notice, the IRS is only going to be seeking records on users who...

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In an effort to foster greater versatility, stability and user friendliness in the cryptocurrency world, startup firm InPay has unleashed a feature allowing for dual-track utilization of both the Ethereum Classic and Waves platforms. Dovetailing off of a robust set of advantages such as an immutable blockchain, a large and rapidly growing community, and fast and cheap transactions, InPay holders...

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In June, U.S. authorities charged a British businessman with fraud, alleging that he was the mastermind behind a fraudulent scheme, deceiving investors through a fake trading platform called Bitcoin Store. Bitcoin Store was thought to have been “an easy-to-use and secure way of holding and trading bitcoin,” pulling several million dollars in gross sales. The SEC says that there was...

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In a move intended to further their footprint in the blockchain world, Moscow-based Waves Platform announced that it had signed a memorandum on a strategic partnership with the prominent global consultancy Deloitte CIS. The partnership is aimed at providing clients with comprehensive initial coin offering (ICO) services and customized blockchain solutions targeting towards specific business tasks. Deloitte CIS is one...

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To the glee of many crypto enthusiasts in attendance, Abigail Johnson, chief executive at Fidelity a company which manages $1.9 trillion in mutual fund assets admitted at the May Consensus Blockchain conference in New York that she’s “a huge fan of Bitcoin.” As a part of a broader presentation, Johnson went on to tell the audience that she, “loves this...

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It is widely known that Bitcoin has enjoyed immense popularity with underground crime markets because of the anonymity associated with financial transactions. Despite becoming mainstream for traditional businesses and everyday consumer commerce, crypto’s nefarious use remains strong, with ransomware and other criminal actors brazenly seeking to extort payment in bitcoin and underground markets now utilizing a variety of cryptocurrencies. The...

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With terrorist activity concerns continuing to escalate, four U.S. senators have proposed legislation that would lead to significantly expanded federal government powers to seize citizen money when traveling to or from the United States. On May 25, a bi-partisan congressional group consisting of Sens. Charles Grassley (R-Iowa), Dianne Feinstein (D-Calif.), John Cornyn (R-Texas) and Sheldon Whitehouse (D-R.I.) introduced to Congress...

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If you are familiar with the terms “Bitcoin” or “blockchain,” you’ve probably heard of Ethereum, as it has been one of the most widely covered projects in the media. This primer will provide a basic understanding of its viability and future prospects. What Is Ethereum and How Does It Work Ethereum is a decentralized, software platform based on blockchain technology...

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