Crypto Digest V3 - IRS Forces Data from Coinbase Identity NOT Safe, Bitcoin implementing sidechain tech drivechain, ETH postpones privacy hardfork, Wall Street analysis BTC, Microsoft resumes accepting BTC

Photocred: Cointelegraph.com

#Identity not safe from IRS on #coinbase .

The department of Justice submitted a request on behalf of the Internal Revenue Service to CA Northern District Court. #IRS
"The IRS wants records of Coinbase customers with any addresses, telephone numbers, email domains, and bank accounts all in the United States. The records/documents being requested include but are not confined to users’ profiles and preferences; history and security settings; payment methods; and information pertinent to funding for wallets, vaults and accounts."

https://www.crypto-news.net/federal-court-grants-irs-authority-to-demand-identities-of-bitcoin-users-at-coinbase/

Bitcoin #implementing side #chain tech, rival for ETH projects?

I am curious to see more on this development, and to see how it effects the long battled position. Especially with ETH gaining so much market cap, and holding such stability in these months. I have a feeling this could put BTC back safely as direct ruler. Yet, still in October the #Metropolis fork will jank the chain once again.

https://www.crypto-news.net/second-layer-developments-promise-major-changes-for-bitcoin/

Ethereum postpones scalability hard and security hard fork Metropolis.

Two phases, Frontier and Homestead on ETH's roadmap have already been implemented. Metropolis is proposed to be rolled out in two steps Byzantium and Constantinople. Testing includes Zero Knowledge proof which enables fully anonymous transactions between two parties, which is so secure supposedly quantum computing can not even hack. This fork also proposes doubling block times to around 30 seconds, rather than the current 15.

https://www.crypto-news.net/ethereum-prepares-for-metropolis-update-postpones-first-step/

Wall street analyst Tom Lee calls for BTC to double this year.

Despite many other heads of wall street claiming bitcoin to be in a "bubble." The interesting thing about this, is those calling it a bubble still can be found deep in the purchase logs on exchanges.

“We still think the easiest way to look at Bitcoin, on a long term basis, is as a store of value. As the millennials generate income, they’re going to use it as a replacement for gold. If Bitcoin gets 5 percent of the gold market, that’s roughly $50 000 (per Bitcoin).”

https://cointelegraph.com/news/wall-street-strategist-tom-lee-says-bitcoin-could-easily-double-in-2018

Microsoft resumes BTC payments

After the 30% drop in price of BTC, #Microsoft halted payments in BTC. Microsoft is now resuming accepting BTC as #payment after sorting payment system difficulties regarding volatility. I wonder what took place during that meeting, and if they have decided to accumulate BTC, or if they are #cashing it out quickly.

https://www.coindesk.com/microsoft-resumes-bitcoin-payments-after-halt-over-instability/

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