Online Cash Bitcoin Could Challenge Governments, Banks

Minimalist · Sep 3, 2019

HSBC processes first blockchain letter of credit

HSBC completed the first yuan-denominated blockchain-based letter of credit transaction, the bank said on Tuesday.
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https://www.itnews.com.au/news/hsbc-processes-first-blockchain-letter-of-credit-530491

ronjor · Sep 3, 2019

Dutch central bank to regulate crypto firms from January 10, orders them to register

September 3, 2019
AMSTERDAM (Reuters) - The Dutch central bank announced on Tuesday it would begin regulating companies that offer crypto-currency services beginning on Jan. 10 and said they must register to remain in business.
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Minimalist · Sep 3, 2019

Security Think Tank: Risk mitigation is key to blockchain becoming mainstream

A solution in search of a problem, blockchain is often associated with cryptocurrency, which is, arguably, the single worst application of the “immutable” ledger that defines the technology. Supply chains are a much better use, due to the high levels of integrity and availability provided by a blockchain.
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https://www.computerweekly.com/opin...tion-is-key-to-blockchain-becoming-mainstream

guest · Sep 4, 2019

Interest in cryptocurrencies in Japan continues to drop
September 4, 2019
https://coingeek.com/interest-in-cryptocurrencies-in-japan-continues-to-drop/

On September 3, the Financial Services Agency (FSA) of Japan announced that they have received fewer inquiries related to cryptocurrencies in the last quarter as compared to the previous one. This is the fifth straight quarter that the number of enquiries has decreased according to the country’s financial regulator.

In comparison to the previous quarter, the number of inquiries dropped from 574 to 494 in just three months. The decrease seems to be centered around the crypto depression that has been in effect over the last eight weeks. This has seen a decline in the value of these currencies while increased regulation by Japanese authorities tightens.
This has become a growing pattern in Japan. The FSA has been increasing its regulatory power, thus leading to a depressed digital currency environment.
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Crypto enquiries in Japan continue to drop for the 5th quarter in a row

Minimalist · Sep 4, 2019

Bahama Blockchain Company Raises Crypto for Hurricane Dorian Relief

PO8, a blockchain company headquartered in the Bahamas, is asking the crypto and blockchain communities to help them bring relief to the victims of Hurricane Dorian. The firm made its appeal in a blog post on Sept. 2.
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https://cointelegraph.com/news/bahama-blockchain-company-raises-crypto-for-hurricane-dorian-relief

guest · Sep 5, 2019

No, NASA Did Not Say It's Developing Its Own Cryptocurrency
September 5, 2019
https://gizmodo.com/no-nasa-did-not-say-its-developing-its-own-cryptocurre-1837910258

On Wednesday, Bloomberg reporter and tall lost son of Gizmodo William Turton tweeted that the “NSA is working to build quantum resistant crypto,” based on comments made by Anne Neuberger, who now leads the NSA’s Cybersecurity Directorate [...]
“NSA” stands for National Security Agency, a government agency long known for its work on encryption. It does not, as you might have already deduced, stand for NASA. That key detail eluded Forbes contributor Naeem Aslam, who concluded from Turton’s 29-word tweet that the American space agency was developing a cryptocurrency.

Oh my goodness....a Forbes contributor wrote an entire article about my tweet below, but thought I said NASA instead of the NSA (???) https://t.co/hWRMuJcE24 https://t.co/wbgAkAOKC9
— William Turton (@WilliamTurton) September 5, 2019
Aslam did not immediately respond to our request for comment on why he thought “NSA” meant “NASA” and “crypto” obviously meant “cryptocurrency.”

Cointelegraph picked up the non-news. As did Dutch website Alles Over Crypto, Switzerland’s the Cryptonomist, and Finance Magnates, which describes itself as a “global B2B provider of multi-asset trading news.”
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guest · Sep 5, 2019

mood said: ↑

Marshall Islands forges ahead with national cryptocurrency
November 12, 2018
https://thenextweb.com/hardfork/2018/11/12/marshall-islands-cryptocurrency-2/
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A tiny Pacific island nation is about to issue its own cryptocurrency
September 5, 2019
https://www.technologyreview.com/f/...ion-is-about-to-issue-its-own-cryptocurrency/

The Republic of the Marshall Islands is pressing forward with a controversial plan to issue its own cryptocurrency, which it says will be legal tender along with the US dollar.
The news: Despite significant skepticism about the plan, the government still plans to issue the currency, called the Marshallese sovereign (SOV for short), according to a new essay in CoinDesk by David Paul, a top advisor to President Hilda Heine (pictured above).

Governments across the world are wrestling with whether they should issue sovereign currency in digital form.
But Paul and other proponents also saw something else: a way to become more connected to the global financial system.

“By issuing a currency ... that can travel the globe instantly, and that is tamper-proof and completely secure, the Marshall Islands will finally be connected to the global financial system on its own terms,” Paul writes in the new essay.
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Minimalist · Sep 7, 2019

Jack Dorsey: Twitter Has No Interest in Creating Libra-Like Crypto

Twitter and Square CEO Jack Dorsey stated that there are no plans for a platform-specific “Twitcoin” cryptocurrency, noting that he will instead focus on promoting Bitcoin (BTC).
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https://cointelegraph.com/news/jack-dorsey-twitter-has-no-interest-in-creating-libra-like-crypto

Minimalist · Sep 7, 2019

Crypto News From the Spanish-Speaking World: Sept. 2–8 in Review

The Spanish-speaking world saw some major developments this week with Spain introducing a reinforced authentication system for payments, Mexico giving fines up to $47,000 for the unauthorized use of crypto and a South Korean blockchain delegation visiting Peru.

Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph en Español.
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https://cointelegraph.com/news/crypto-news-from-the-spanish-speaking-world-sept-28-in-review

Minimalist · Sep 8, 2019

Crypto News From the German-Speaking World: Sept. 2–8 in Review

The German-speaking world continues to see lots of developments in the crypto industry, with the German government clarifying proposed regulations, Switzerland adding a new blockchain hub, while Bitcoin (BTC)-scammers are using Austrian celebrities in fake crypto ads.
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https://cointelegraph.com/news/crypto-news-from-the-german-speaking-world-sept-28-in-review

Minimalist · Sep 8, 2019

Crypto News From Japan: Sept. 2–8

Japan, one of the leading markets for cryptocurrencies, has seen a series of important developments for the cryptocurrency and blockchain industries this week. The country’s financial regulator, the Financial Services Agency (FSA), has licensed crypto-related businesses. Japanese Deputy Prime Minister and Finance Minister Taro Aso noted that regulators need to find new approaches to address emerging technologies like cryptocurrencies and blockchain.
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https://cointelegraph.com/news/crypto-news-from-japan-sept-28

Minimalist · Sep 8, 2019

Crypto Exchange Binance.US to Launch ‘in the Coming Weeks’

Major cryptocurrency exchange Binance’s United States-based branch Binance.US will launch in the coming weeks, preceded by Know Your Customer (KYC) registration a few days earlier.
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https://cointelegraph.com/news/crypto-exchange-binanceus-to-launch-in-the-coming-weeks

Minimalist · Sep 8, 2019

Crypto Exchanges Getting Hacked - Should Users Be worried?

Bitcoin literally jolted the whole currency market and definition of money itself. This was a fascinating concept that was brought about by Satoshi Nakamoto, a pseudonym. BTC introduced the world of cryptocurrency and coined the idea of crypto trading.
While a few thinkers responded positively to BTC and launched various altcoins and stablecoins to compete with the first large crypto coin, others raised concerned on the legitimacy and security aspect of the digital asset.
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https://hackernoon.com/crypto-exchanges-getting-hacked-should-users-be-worried-ctou31mq

Minimalist · Sep 8, 2019

Apple observing crypto assets

Jennifer Bailey, Apple Pay vice president spoke to CNN at an event in San Francisco this week. “We think it’s interesting. We think it has interesting long-term potential,” said Bailey.
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https://bravenewcoin.com/insights/apple-observing-crypto-assets

guest · Sep 8, 2019

Top Spanish Soccer Club Will Offer Crypto Fan Tokens
September 6, 2019
https://www.coindesk.com/top-spanish-soccer-club-will-offer-crypto-fan-tokens

Atlético de Madrid, a Spanish football (soccer) team, has partnered with Chiliz, a sports blockchain, to create Fan Tokens, a platform that will give fans special access to team merchandise, information, and experiences.
The team “finished 4th in UEFA’s Club Coefficients rankings for 2019” according to a release and will join other football teams like Juventus and West Ham United on the Socios.com fan platform.

“The Atlético de Madrid Fan Token will be priced at €2 and will be available exclusively through Socios.com in Autumn 2019 for the 19/20 season. Fan Tokens can also be hunted for free through the app’s augmented-reality geo-location feature Token Hunt,” wrote the creators.
Atlético de Madrid is just one of the many football clubs that took to the blockchain in the past two years. Top French league team, Paris Saint-Germain, issued its own cryptocurrency on Socios in 2018 and the platform plans on adding many more clubs to its roster.
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Minimalist · Sep 8, 2019

Crypto, Cash and Drugs: Crypto Use Grows as Drug Trade Digitalizes

From speculation about its inherent value to theories about it being the payment method of choice for criminals, cryptocurrency is having a tough time keeping a clean name. One of the most common accusations is that cryptocurrencies perpetuate the sale of illicit drugs, a view recently expressed by United States Treasury Secretary Steven Mnuchin. Cointelegraph takes a look at the impact of cryptocurrency on illegal drug sales and whether it should shoulder more of the blame than cash.
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https://cointelegraph.com/news/crypto-cash-and-drugs-crypto-use-grows-as-drug-trade-digitalizes

Minimalist · Sep 9, 2019

Security Think Tank: Too soon to dismiss blockchain in cyber security

Blockchain technology is finding its way into more and more areas of global business, yet the use of blockchain in the world of cyber security is still nascent. Many of the most developed use cases involve financial transactions.

However, due to the inherent security attributes of decentralised, redundant ledgers, hashing/encryption, and other privacy-preserving techniques used by blockchains, security-related applications are also significant. Early forays have focused on identity, data, and the internet of things (IoT).
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https://www.computerweekly.com/opin...-soon-to-dismiss-blockchain-in-cyber-security

Minimalist · Sep 9, 2019

Is Crypto-Mining Still Profitable?

While everyone has been focused on the constant price movements of Bitcoin and other Cryptocurrencies, mining is a topic that has rarely been mentioned in recent times.
And for good reason.
Mining was no longer profitable during the year-long bear market of 2018, with Bitmain, one of the mining companies, firing 50% of its workforce.
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https://hackernoon.com/is-mining-still-profitable-fw2mu3524

Minimalist · Sep 9, 2019

10 Common Sense Definitions of the Most Common Crypto Industry Terms

Let’s bring some common sense to common crypto terms. Here are 11 key definitions to help you build your crypto vocabulary.
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https://hackernoon.com/11-key-crypto-terms-explained-xp15p31ib

ronjor · Sep 10, 2019

Swiss-based Libra will have to meet tough U.S. standards: U.S. Treasury

Brenna Hughes Neghaiwi September 10, 2019
BERN (Reuters) - The Facebook-led Libra cryptocurrency project must meet the highest standards for combating money laundering and terrorism financing if it is to get off the ground, a senior U.S. Treasury official said on Tuesday.
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Minimalist · Sep 10, 2019

Someone moved $1 billion in a single bitcoin transaction

Late on Thursday night, US Eastern time, someone made one of the biggest transactions in bitcoin history: 94,504 bitcoins. At the then-current bitcoin price of around $10,600, this transaction was worth almost exactly $1 billion. It's now worth around $967 million.
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https://arstechnica.com/tech-policy/2019/09/someone-moved-1-billion-in-a-single-bitcoin-transaction/

guest · Sep 11, 2019

Ethereum: Look Out for this Secure Cryptocurrency
September 11, 2019
https://opensourceforu.com/2019/09/ethereum-look-out-for-this-secure-cryptocurrency/

Everybody wants their money to be more secure and smart, and cryptocurrencies can ensure this in the most foolproof manner currently known. But risks and rewards are intrinsically linked, particularly in the case of the cryptocurrency market. Cryptocurrencies provide dynamically scalable and virtualised resources as services over the Internet

Ethereum, as a technology, is a powerful tool to combat the issue of spam and hacking, to protect user information as well as secure the cryptocurrency market. This solution, which is based on the Merkle Patricial Tree, enables enterprises to work more efficiently and stops the spread of fraudulent financial transactions.
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guest · Sep 11, 2019

Security vulnerabilities found in Bitcoin’s Lightning Network were exploited
September 10, 2019
https://finance.yahoo.com/news/security-vulnerabilities-found-bitcoin-lightning-171040298.html

As Bitcoin Lighting Network users await details regarding a security vulnerability found on the network late last month, developers are now warning that the vulnerability has been exploited. According to Olaoluwa Osuntokun, CTO at Lightning Labs, and ACINQ, a Lighting Network development firm, there are "confirmed instances of the vulnerability being exploited in the wild."

On August 30, 2019, Rusty Russell, an Australian software programmer and Bitcoin Lightning coder, tweeted out a warning that security issues had been discovered on the Lightning Network that could cause various projects to lose funds. The Lightning Network is an experimental second-layer scaling solution built on top of the Bitcoin Network for quicker fund transfers.
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Minimalist · Sep 11, 2019

Why Coinbase, Ripple & Other Crypto Startups May Be Losing Their Charm

However, after another year of contemplation on Bitcoin and blockchain, it seems as if the world is losing interest in Coinbase and its many crypto peers.

On LinkedIn’s latest ranking of the 50 hottest U.S. startups to work for, Coinbase has dropped from last year’s No. 3 to a humble No. 29.
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https://observer.com/2019/09/crypto-startup-coinbase-losing-linkedin-top-startup-list-bitcoin-fall/

Minimalist · Sep 11, 2019

New Study Reveals Countries With Most Registered Crypto Exchanges

The United Kingdom, the United States, Hong Kong and Singapore have the largest number of registered digital currency exchanges, according to data from Bitfury’s blockchain analytics platform Crystal.
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https://cointelegraph.com/news/new-study-reveals-countries-with-most-registered-crypto-exchanges

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