Koles Coin News: Cryptocurrency News Videos, Dec 5

This video is brought to you by CoinIdol.com in partnership with Koles Coin News Channel

E-Dinar Coin charity auction

Helping children using cryptocurrency. E-Dinar Coin launches the December charity auction – while buying E-dinar Coin until the 30th of December, 5% of the sum will be transferred to the charitable help to children's homes in Pakistan. The purpose of the action is to add a fabulous pre-Christmas mood for children.

Federal Tax Service of Russia – cryptocurrencies as foreign currencies 

No prohibit for individuals or companies from using cryptocurrencies. The Russian Federal Tax Service has published a letter on measures to control cryptocurrency circulation and exchange. Coinidol.com reports, the Federal Tax Service of Russia considers that operations with the purchase or sale of cryptocurrency should be treated as transactions with foreign currencies.

The full text of the source article by CoinIdol.com - Russian Tax Service To Treat Bitcoin As A Foreign Currency by Nina Lyon.

Coinbase & Bitcoin to improve the security for private keys

In the search of problem solving. Coinbase, ether exchange startup together with Bitcoin is seeking a patent for a security system forming part of a bitcoin host computer, according to the coindesk.com. Coinbase submitted the application in May of 2015, with software engineers Andrew Alness and James Hudon listed as inventors, and explained it: “Existing systems do not provide a solution for maintaining security over private keys while still allowing the users to checkout on a merchant page and making payments using their wallets.”

Kraken to presents competitive videos

Thirteen university teams have explained, which blockchain is better - Bitcoin or Ethereum. Leading cryptocurrency exchange Kraken has presented 5-minute videos with different proposals by students from University of North Texas, Johns Hopkins Carey Business School, Ivey Business School at Western University and other. According to the Econotimes.com, winning team with best explanations and reasonings will receive a grand prize of $10,000.