Jul 31, 2019 at 10:52
Bitcoin is on the Verge of Becoming Centralized
Today, Bitcoin mining activity seems to be a hurdle for most anonymous participants due to the massive competition originating from the giant pools. So far, some of the biggest miners we have in the industry include BTC.com, F2Pool, AntPool, BTC.TOP, Poolin, Huibi.pool, SlushPool, ViaBTC and many others. However, the largest share of about 40% is currently taken by only three companies, of which two of these (BTC.com and Antpool) are managed by one company (Bitmain). This has brought a lot of queries in the blockchain and digital asset industry and has left people thinking that the flagship crypto is on the brink of becoming a centralized cryptocurrency.
Jul 30, 2019 at 13:03
Over 10,000 Bitcoin Users Get Warning Letters From IRS
The US federal government revenue service, the Internal Revenue Service (IRS), has started the exercise of emailing around 10,000 letters to different Bitcoin and cryptoasset holders that have maybe failed to pay or report taxes and income on digital asset transactions. They are trying to warn them to act in accordance with the federal tax laws, The WSJ reports.