Bitcoin tanks more than 10% to below $11,000; South Korea announces details on crypto tax

Bitcoin and other major digital currencies dropped sharply Monday morning.

Bitcoin briefly tumbled to a low near $10,050 on Coinbase Monday afternoon ET, marking a loss of about 11 percent over the last 24 hours. Bitcoin traded near $10,192 as of 4:28 p.m. on Coinbase, the leading U.S. marketplace for buying and selling major digital currencies.

Ethereum fell below the psychologically key $1,000 level again and traded about 10 percent lower near $943, according to CoinMarketCap.

Transactions Speeds: How Do Cryptocurrencies Stack Up To Visa or PayPal?

Cryptocurrency bag holders often boast that their network transaction speeds are faster than mainstream payment methods, such as Visa or Paypal. As cryptocurrencies continue to rise in popularity, it will be important to determine which blockchain payment networks could eventually become the “new Visa.” While both sides continue to debate their arguments, we jumped through the hard data and created a unique visual to highlight transaction speeds across several different payment networks.

Brazil may write new laws with data stored on the ethereum blockchain

Popular petitions are an integral, but impractical, part of Brazil’s already complex electoral system, which has been blamed for plunging the country into a political crisis. Such petitions in their current form present an intractable logistical problem: How to collect and verify signatures from 145 million voters across a landmass larger than the mainland United States?
Brazilian legislators now are turning to ethereum to solve that issue in one of the first uses of a cryptocurrency by a political system. The project is spearheaded by an unlikely pair: Ricardo Fernandes Paixão, a soft-spoken legislative adviser at the Brazilian congress and a university lecturer, and Everton Fraga, a nose-ring sporting designer and programmer with the Ethereum Foundation. Both were in Cancún last fall, attending the annual conference for programmers interested in the ethereum world, DevCon.