Online Cash Bitcoin Could Challenge Governments, Banks

Minimalist · Aug 3, 2019

Judge to Chase: Buying Crypto on Credit Not Necessarily a Cash Advance

Southern District of New York Judge Katherine Polk Failla has ruled that purchasing cryptocurrency with a Chase Bank credit card does not necessarily count as a cash advance, as per Chase’s contract.

According to an opinion and order document dated August 1, Judge Failla has denied Chase’s motion to dismiss a number of the plaintiff’s complaints, which center on the bank charging a user cash advance fees for buying cryptocurrency with a Chase credit card.
Click to expand...

https://cointelegraph.com/news/judge-to-chase-buying-crypto-on-credit-not-necessarily-a-cash-advance

hawki · Aug 3, 2019

"Walmart Is Trying to Patent Its Own ‘Libra’ Like Digital Currency

Walmart continues to outline that the proposed digital currency project can provide a zero- or low-fee place for users to store wealth; one that can easily be redeemed and converted to store cash at selected retailers or partners. Such accounts could even be interest-bearing, the filing adds.

The digital currency could alternatively be developed so that it can be spent anywhere, the filing states, with prospective USD backing ensuring greater ease of deposits and withdrawals. It could, in another scenario, be tied to other digital currencies, rather than fiat ones..."

https://cointelegraph.com/news/walmart-is-trying-to-patent-its-own-libra-like-digital-currency

Minimalist · Aug 3, 2019

Coinbase CEO Brian Armstrong Wants to Get a Billion People Using Crypto in 10 Years

The success of cryptocurrency exchange Coinbase, the largest of its kind in the U.S., has made its founder and CEO Brain Armstrong an overnight billionaire. And as soon as the 36-year-old entrepreneur realized he’d made way more money than he ever needed, he joined the Giving Pledge, the billionaire philanthropist club created by Bill Gates and Warren Buffett, committing to give away the majority of his wealth.
Click to expand...

https://observer.com/2019/08/coinbase-ceo-brian-armstrong-cryptocurrency-economic-freedom-ten-years/

Minimalist · Aug 4, 2019

Bitwise: Facebook’s Libra Moved Bitcoin and Crypto Three Years Ahead

United States-based cryptocurrency index fund provider Bitwise declared that Facebook’s Libra stablecoin accelerated Bitcoin’s (BTC) progress by three years in a letter to investors published on its website on August 1.
Click to expand...

https://cointelegraph.com/news/bitwise-facebooks-libra-moved-bitcoin-and-crypto-three-years-ahead

Minimalist · Aug 4, 2019

FATF Regulations – Is It the End of Crypto Anonymity?

The G-20 Summit in Japan brought 20 finance ministers and central bank governors to officially commit to implementing the guidelines of the Financial Action Task Force (FATF). The lack of regulation in the crypto markets can be fertile ground for money laundering, terrorist financing, tax evasion, etc. Therefore, it is not surprising why the FATF guidelines are calling for the end of anonymity in the crypto market.
Click to expand...

https://cointelegraph.com/news/fatf-regulations-is-it-the-end-of-crypto-anonymity

Minimalist · Aug 4, 2019

Crypto lawyers weigh in on new FATF guidance

Though not legally binding, the guidance offers governments advice on how to respond to the development of virtual asset service providers (VASPs) — a categorization which includes exchanges, custodians, and hedge funds.

One of the recommendations, in particular, has caught the attention of the industry. The 'travel rule', which is currently applied to wire transfers in the US, would mean exchanges need to swap sensitive customer information when transferring funds — a policy that might not sound the death knell for cryptocurrency, but could introduce significant complications for platforms in jurisdictions that decide to introduce legislation reflecting the new guidance.
Click to expand...

https://bravenewcoin.com/insights/a...-crypto-lawyers-weigh-in-on-new-fatf-guidance

Minimalist · Aug 5, 2019

Why Is the US Not Yet a Leader in Crypto Regulation? — Experts Answer

Regulatory frameworks for Bitcoin (BTC) and other cryptocurrencies have developed differently around the globe, ranging from outright bans to so-called “crypto-friendly” legislation. Despite being an economic leader, many within the crypto industry argue that the United States in particular has not yet gained a leading position among governments actively working to regulate this new technology.
Click to expand...

https://cointelegraph.com/news/why-is-the-us-not-yet-a-leader-in-crypto-regulation-experts-answer

Minimalist · Aug 5, 2019

Data protection watchdogs round on Libra

The UK's data protection watchdog has joined with other privacy regulators around the world in calling for more openness about Facebook's proposed Libra digital currency and infrastructure.
Click to expand...

https://www.finextra.com/newsarticle/34211/data-protection-watchdogs-round-on-libra

guest · Aug 6, 2019

UN: North Korean cryptocurrency hackers have earned up to $2 billion so far
August 6, 2019
https://thenextweb.com/hardfork/2019/08/06/north-korean-cryptocurrency-hackers-2-billion/

The financial impact of North Korea‘s hacking and cryptocurrency exploits could be much larger than first thought.
According to a UN report, seen by CNN, North Korea could have earned up to $2 billion by hacking overseas financial institutions and cryptocurrency exchanges. The report also states that North Korea used hackers to “launder stolen proceeds and [create] income to avoid international sanctions.”
Click to expand...

ronjor · Aug 7, 2019

Binance offering up to $290,000 bounty to catch cryptocurrency KYC extortionist

by Matthew Beedham
Using allegedly leaked KYC images
Click to expand...

guest · Aug 7, 2019

I tried to pay with bitcoin at a Mexico City bar—it didn’t go well
After 10 years, Bitcoin is still searching for practical applications
August 7, 2019
https://arstechnica.com/tech-policy...itcoin-at-a-mexico-city-bar-it-didnt-go-well/

The bar included a bitcoin ATM that lets users trade physical cash for bitcoins, and vice versa (there are more than 5,000 bitcoin ATMs like this around the world). Bitcoin Embassy offered a 10% discount if I paid for my tab in bitcoin.

So I inserted a 500 peso note—about $25—into the machine. I downloaded a bitcoin wallet app from Google's Play Store to my Pixel smartphone. It generated an address for receiving the funds and displayed it as a QR code the ATM could scan. A few second later, the ATM spit out a receipt stating "Bitcoin purchased: 0.00245589."
There was just one problem: my wallet app didn't show any bitcoins being received.

The next morning, I got a response: "Transactions under [1,000 pesos] are taking a day to two, in the course of today they will reach the wallet." I finally got my bitcoins around 6pm.
Yet the experience of using bitcoins to actually pay for things—supposedly its main application—remains rather rocky.
Click to expand...

ronjor · Aug 8, 2019

5 charged in connection with $2.7M Australian cryptocurrency scam

by Yessi Bello Perez
Australian police have charged five people in connection with a protracted cold call cryptocurrency investment scam that tricked more than 100 victims into losing $2.7 million.
The scam, which operated from Australia‘s Gold Coast, was busted as part of ‘Operation Quebec Walnut.’
Click to expand...

ronjor · Aug 9, 2019

Texas regulator goes after cryptocurrency firm promising 900% returns in 2 weeks

by Yessi Bello Perez
Regulators in Texas have filed a cease and desist order against a New York-based cryptocurrency business promising a 900-percent return on investment in just two weeks.
Forex and Bitcoin Trader, which was advertising on Craiglist Dallas, reportedly deals in cryptocurrency investments, commodity-based derivatives, and foreign currency trading.
Click to expand...

Minimalist · Aug 10, 2019

Telegram Vs. Facebook: The Ultimate Showdown for Crypto Supremacy

The Libra announcement sent politicians scrambling, hit the mainstream media like a hurricane, and left many crypto influencers wondering if the social network giant just turned 90% of altcoins worthless. What tiny crypto project with a few dozen programmers can stand against the combined might of not just Facebook but also the titans of the tech and payment processing world, such asUber, Lyft, Paypal, Visa and Mastercard?

But there’s a new hope on the horizon. One company on the planet has the power to take on the social media monster and win: Telegram.
Click to expand...

https://cointelegraph.com/news/telegram-vs-facebook-the-ultimate-showdown-for-crypto-supremacy

guest · Aug 10, 2019

Czech Republic to impose Europe’s strictest crypto regulation
August 9, 2019
https://coingeek.com/czech-republic-to-impose-europes-strictest-crypto-regulation/

On Thursday, it was reported that the Czech Republic is expected to enforce far stricter oversight of cryptocurrencies than is required according to laws created by the European Union. These new laws would go far beyond what is required according to the Anti-Money Laundering (AML) law that is currently accepted by member nations.

According to Hospodářské Novinylocal newspaper in the Czech Republic, the new regulations will give law enforcement and agency regulators the ability to impose hefty fines, as much as half a million koruna or about $20,000. Cryptocurrency firms that fail to register their operations with the National Trade Licensing Office would face these fines.
Click to expand...

Minimalist · Aug 10, 2019

Crypto Exchange Binance Points out a Dusting Attack Against Litecoin

Cryptocurrency exchange Binance claims that a dusting attack against fourth-biggest altcoin, Litecoin (LTC).
Click to expand...

https://cointelegraph.com/news/crypto-exchange-binance-points-out-a-dusting-attack-against-litecoin

Minimalist · Aug 10, 2019

Lawmakers circle the airport while crypto innovators move offshore

My sympathies go out to Jeremy Allaire.

He was recently asked to testify before the Senate Banking Committee as committee members discussed the future of cryptocurrency regulations. He shared the spotlight during the July 30 hearings with Rebecca Nelson, a trade and finance specialist, who offered lawmakers a 10-year overview of cryptocurrencies, and Mehrsa Baradaran, a banking law scholar, who shared her skepticism about digital currencies.

Allaire — whom I’ve never met — is the CEO of Circle, a digital currency trading company. It was he who faced the biggest challenge: He alone spoke for the entire cryptocurrency industry before a committee made up of members whose average age is 61.
Click to expand...

https://venturebeat.com/2019/08/10/...irport-while-crypto-innovators-move-offshore/

Minimalist · Aug 11, 2019

What Are Crypto Banks and How Do They Work?

Bitcoin once promised that it would help realize the lofty goal of making individuals “their own bank.” To understand the many services that banks truly provide is also to realize how preposterous this claim was in 2008, when Bitcoin’s white paper made it. More than a decade later, the grandfather cryptocurrency is still on the peripheries of traditional finance, yet the decentralized industry that it has spawned can indeed replicate many financial services on the blockchain, all of which were formerly exclusively in the realm of banks.
Click to expand...

https://cointelegraph.com/news/what-are-crypto-banks-and-how-do-they-work

Minimalist · Aug 12, 2019

US Department of Commerce Offering 6-Figure Salary to Crypto Expert

The United States Department of Commerce is looking to hire a computer scientist specializing in blockchain and identity management.
Click to expand...

https://cointelegraph.com/news/us-department-of-commerce-offering-6-figure-salary-to-crypto-expert

guest · Aug 12, 2019

China's PBOC Says Its Own Cryptocurrency Is ‘Close’ to Release
August 12, 2019
https://www.bloomberg.com/news/arti...ys-its-own-cryptocurrency-is-close-to-release

The People’s Bank of China is “close” to issuing its own cryptocurrency, according to a senior official.

The bank’s researchers have been working intensively since last year to develop systems, and the cryptocurrency is “close to being out,” Mu Changchun, deputy director of the PBOC’s payments department, said at an event held by China Finance 40 Forum over the weekend in Yichun, Heilongjiang. He didn’t give specifics on the timing.
The digital currency would also support the yuan’s circulation and internationalization, he said.

Unlike decentralized blockchain-based offerings, the PBOC’s currency is intended to give Beijing more control over its financial system.
Click to expand...

Minimalist · Aug 12, 2019

Cyber Criminals Netted $4.3B From Crypto-Related Crime in 2019: Study

Cyber criminals have netted $4.3 billion from digital currency exchanges, investors and users in 2019.

Blockchain security company CipherTrace gave its summary crypto-related theft in its Anti-Money Laundering report that it shared with Cointelegraph on Aug. 12.
Click to expand...

https://cointelegraph.com/news/cyber-criminals-netted-43b-from-crypto-related-crime-in-2019-study

Minimalist · Aug 12, 2019

TZERO Officially Launches Public Security Token Trading оn Schedule

Retail giant Overstock’s blockchain subsidiary company, tZERO, has opened up its preferred equity security tokens — dubbed TZROP — for trading by accredited and non-accredited investors.
Click to expand...

https://cointelegraph.com/news/tzero-officially-launches-public-security-token-trading-on-schedule

guest · Aug 12, 2019

UK-Based Crypto Exchange Happy to Pay Its Employees in BTC, ETH, XRP, or LTC
August 12, 2019
https://www.cryptoglobe.com/latest/...y-to-pay-its-employees-in-btc-eth-xrp-or-ltc/

In the wake of the announcement by New Zealand's tax office, the Inland Revenue Department (IRD), that salaries and wages may be paid in cryptoassets, one UK crypto exchange has revealed that it began paying its employees in crypto earlier this year.
Until the publication of the new rulings, it was only possible under New Zealand law to pay salaries in the local currency, i.e. New Zealand dollars.

Employees were told that if chose to be paid partially or in full in crypto, they could receive the GBP equivalent of one of the four cryptocurrencie supported by the exchange: Bitcoin (BTC), Ethereum (ETH), XRP, or Litecoin (LTC).
CoinCorner says that "all employees opted to allocate a portion of their salary to Bitcoin, with one employee taking home their full salary each month in the cryptocurrency."
Danny Scott, CEO and Co-Founder of CoinCorner, had this to say:

"It’s our belief that Bitcoin is the future of money and our mission is to make it accessible to as many people as possible. [...]"
Click to expand...

Minimalist · Aug 13, 2019

Monarch creates first recurring crypto payments system

Cryptocurrency solution Monarch Wallet has launched the world’s first decentralised recurring crypto payment system, enabling the likes of Netflix and Hulu to accept crypto for memberships and subscription services.
Click to expand...

https://www.fintechfutures.com/2019/08/monarch-creates-first-recurring-crypto-payments-system/

Minimalist · Aug 13, 2019

Crypto Indices and What You Need to Know About Them. Full step guide.

When an investor has a certain amount of money, he asks himself two key questions:
1.What to invest in order to make a big profit in a growing market?
2.How to save funds if the market began to fall? How to mitigate the fall of your portfolio?
One of the most profitable solution is the index.
Click to expand...

https://hackernoon.com/yvayva-xr2p3wfm

Log in or Sign up

Online Cash Bitcoin Could Challenge Governments, Banks

Minimalist Registered Member

hawki Registered Member

Minimalist Registered Member

Minimalist Registered Member

Minimalist Registered Member

Minimalist Registered Member

Minimalist Registered Member

Minimalist Registered Member

guest Guest

ronjor Global Moderator

guest Guest

ronjor Global Moderator

ronjor Global Moderator

Minimalist Registered Member

guest Guest

Minimalist Registered Member

Minimalist Registered Member

Minimalist Registered Member

Minimalist Registered Member

guest Guest

Minimalist Registered Member

Minimalist Registered Member

guest Guest

Minimalist Registered Member

Minimalist Registered Member

Log in or Sign up

Online Cash Bitcoin Could Challenge Governments, Banks

Minimalist Registered Member

hawki Registered Member

Minimalist Registered Member

Minimalist Registered Member

Minimalist Registered Member

Minimalist Registered Member

Minimalist Registered Member

Minimalist Registered Member

guest Guest

ronjor Global Moderator

guest Guest

ronjor Global Moderator

ronjor Global Moderator

Minimalist Registered Member

guest Guest

Minimalist Registered Member

Minimalist Registered Member

Minimalist Registered Member

Minimalist Registered Member

guest Guest

Minimalist Registered Member

Minimalist Registered Member

guest Guest

Minimalist Registered Member

Minimalist Registered Member

Useful Searches