Online Cash Bitcoin Could Challenge Governments, Banks

Minimalist · Sep 12, 2019

Iranian Crypto Miners Tax Exempt If They Repatriate Offshore Earnings

Cryptocurrency miners in Iran will be eligible for a tax exemption if they agree to repatriate their overseas earnings, according to Iran's National Tax Administration (INTA).
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https://cointelegraph.com/news/iranian-crypto-miners-tax-exempt-if-they-repatriate-offshore-earnings

Minimalist · Sep 12, 2019

The Various Cryptocurrencies — A Framework to Understanding Crypto-assets

On coinmarketcap alone, there are 2,347 unique cryptocurrencies listed as of September 3, 2019. While each coin claims to be unique in its own way, the majority of all cryptocurrencies can be categorized under one of these 4 types:
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https://hackernoon.com/4-types-of-cryptocurrencies-a-framework-to-think-about-cryptoassets-2fw531xl

Minimalist · Sep 12, 2019

MIT CSAIL’s Notary is an architecture for running apps on secure USB hardware

Ever heard of a hardware wallet? It’s a type of blockchain device that stores a user’s private keys in a locked-down microchip, often to stash cryptocurrencies like bitcoin from exchanges. The wallets are plug-and-play, physically durable, and highly reconfigurable, which is why researchers believe they could help usher in a more secure digital future if adopted at scale.

But they’re not perfect. That’s why a team of scientists at MIT’s Computer Science and Artificial Intelligence Lab (CSAIL) developed Notary, a hardware wallet architecture they claim eliminates common bugs affecting security devices. The source code is available on GitHub, and the team pegs the cost of production hardware between $50 and $150.
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https://venturebeat.com/2019/09/11/...ture-for-running-apps-on-secure-usb-hardware/

ronjor · Sep 12, 2019

France says it ‘cannot authorize’ Facebook’s libra project on European soil

Elizabeth Schulze@eschulze9 12 Sep 2019
French Finance Minister Bruno Le Maire said Thursday Facebook’s proposed cryptocurrency libra would put the sovereignty of governments at risk.
“In these conditions, we cannot authorize the development of libra on European soil,” Le Maire said.
Le Maire has been an outspoken opponent of libra since Facebook unveiled the project in June.
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guest · Sep 12, 2019

Fearing recession, millennials prefer investing in cryptocurrencies
September 12, 2019
https://coingeek.com/fearing-recession-millennials-prefer-investing-in-cryptocurrencies/

With recent talk about a possible recession in 2020, more millennials and Gen Zers are believing that the way to protect themselves and their assets is to turn to cryptocurrencies. This according to a survey conducted by the social investment platform eToro.

The survey, which was released on Tuesday, showed that 70% of the Gen Z and Millennial generations believe that a recession is on the horizon.
The survey found that 40% of Millennials, those who are born between 1980 and 1995, declared that they were intending to invest in crypto assets, while 50% of those in the Gen Z group, those born in 1995 or later, would prefer to invest in real estate.
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Minimalist · Sep 13, 2019

How to Earn Crypto Playing by Playing Quake 3?

Quake and crypto fans rejoice! Now you can now earn NANO by playing the classic video game, Quake 3, right in your web browser.
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https://hackernoon.com/gamers-can-earn-nano-playing-quake-3-with-free-to-play-nanoquakejs-lskv329n

Minimalist · Sep 13, 2019

Facebook’s Crypto Launching in H2 2020, Says Libra Association Chief

The head of the nonprofit organization behind Facebook’s Libra digital currency has said the company is committed to launching it and clearing regulatory hurdles.
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https://cointelegraph.com/news/facebooks-crypto-launching-in-h2-2020-says-libra-association-chief

ronjor · Sep 13, 2019

Germany against allowing Facebook's Libra in Europe: Der Spiegel

September 13, 2019
BERLIN (Reuters) - The German government is against giving regulatory approval for Facebook’s Libra digital currency in the European Union, Der Spiegel magazine reported on Friday, citing a member of Chancellor Angela Merkel’s conservatives.
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guest · Sep 13, 2019

Researchers Have Issued A Serious Bitcoin Security Warning
September 12, 2019
https://www.forbes.com/sites/billyb...serious-bitcoin-qr-code-warning/#7ae134146d12

Now, researchers have warned a staggering four out of the first five results returned when asking Google for a "bitcoin qr generator" led to scam websites–potentially furthering negative public perception around bitcoin and cryptocurrency.
If a user of one of these scam sites tries to generate a QR code for their own bitcoin address, it will create a QR code for the scammer’s wallet, researchers from ZenGo, a bitcoin and cryptocurrency wallet provider, found.

"These sites generate a QR code that encodes an address controlled by the scammers, instead of the one requested by the user, thus directing all payments for this QR code to the scammers," ZenGo's Tal Be'ery wrote in a blog post.
"[As QR] codes are not humanly readable, it opens an avenue for fraud," added ZenGo's Tal Be'ery.
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ZenGo: QR Code Degenerators: Unmasking a Crypto Scam

guest · Sep 14, 2019

200,000 Bitcoin Lost in Mt. Gox Hack Can be Recovered, Russian Law Firm Claims
September 13, 2019
https://www.cryptoglobe.com/latest/...00-bitcoin-lost-mt-gox-hack-can-be-recovered/

Russian law firm Zheleznikov and Partners (ZP) claims that 200,000 BTC, worth more than $2 billion, lost in the infamous Mt. Gox hack of 2014 is recoverable.

ZP claims to have identified Russians nationals who received stolen bitcoin from the hack, and said that law enforcement could cut a deal with such individuals to return the funds to creditors. The law firm also contacted Mt. Gox creditors earlier in the year, outlining how they could take legal action against the Russian nationals to obtain the stolen bitcoin.
While ZP Legal may be providing a way for Mt. Gox creditors to obtain more than $2 billion in lost funds, the firm is planning to charge up to 75% of the recovered sum if their legal action proves successful.
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Minimalist · Sep 14, 2019

Chinese Authorities Plan Crackdown on Crypto Mining in Inner Mongolia

Regulators in the Chinese autonomous province of Inner Mongolia have issued a notice demanding a clean-up of the province’s crypto mining enterprises.
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https://cointelegraph.com/news/chinese-authorities-plan-crackdown-on-crypto-mining-in-inner-mongolia

Minimalist · Sep 14, 2019

Hacker Spends $1K to Win Over $110K in EOS Betting Game Using REX

A hacker spent $1,000 in EOS to steal more than $110,000 in cryptocurrency through an exploit of EOS gambling game EOSPlay.
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https://cointelegraph.com/news/hacker-spends-1k-to-win-over-110k-in-eos-betting-game-using-rex

guest · Sep 14, 2019

French Crypto Exchange Coinhouse Suffers Phishing Attack, User Names and Emails Accessed
September 14, 2019
https://www.cryptoglobe.com/latest/...ing-attack-user-names-and-emails-compromised/

French cryptocurrency exchange Coinhouse says that it underwent a phishing attack, during which hackers gained access to its client mail distribution database.
Coinhouse Phishing Scam
According to tweets published to the official Coinhouse account , hackers managed to gain access to the client database containing names and email addresses. The hackers then used this information to begin phishing attacks against users, leading Coinhouse to advise its customers not to click or respond to emails about the exchange.

However, the exchange acknowledged that users may have already been affected by the hack. They recommended any clients who gave credentials to the scam email to change their identifiers on other websites in order to prevent any further loss.
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guest · Sep 14, 2019

LocalBitcoins Claims Tor Browser Leaves Users Vulnerable to Crypto Theft
September 13, 2019
https://www.cryptoglobe.com/latest/...wser-leaves-users-vulnerable-to-crypto-theft/

Peer-to-peer bitcoin exchange LocalBitcoins has called into question the efficacy of traders using its services relying on the Tor browser to ensure anonymity.

Compliance expert - and, presumably also a Tor user - Richard Bensberg tweeted a screenshot of a banner that appeared to the site's visitors starkly stating that "A Tor browser exposes you to the risk of having your bitcoins stolen.”

Localbitcoins has really lost the plot pic.twitter.com/tNxtbLEr3t
— Richard Bensberg (@richardbensberg) September 9, 2019
In response to said tweet, representatives of LocalBitcoins clarified that the message did not relate to an issue regarding Tor contravening its terms of service, and was solely an advisory. However, when pressed, it offered no clarification was given on exactly why it was concerned.
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Minimalist · Sep 15, 2019

Crypto News From the Spanish-Speaking World: Sept. 8–14 in Review

The Spanish-speaking world sees major cryptocurrency and blockchain developments with Uruguay approving a new bill that could be applied positively to ICOs, Cuba using crypto to access the global economy and Venezuela finally installing its first Bitcoin (BTC) ATM.
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https://cointelegraph.com/news/crypto-news-from-the-spanish-speaking-world-sept-814-in-review

Minimalist · Sep 15, 2019

Aventus Announces Ethereum-Based Protocol to Enhance Ticketing Industry

The digital assets-focused blockchain-based protocol, Aventus, revealed its next code release Aventus Classic designed to create a more equitable and transparent ticketing industry.
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https://cointelegraph.com/news/aven...-based-protocol-to-enhance-ticketing-industry

Minimalist · Sep 15, 2019

Developers of Ethereum DEX Protocol AirSwap Disclose Critical Exploit

Ethereum (ETH) decentralized exchange protocol AirSwap’s developers announced that they have discovered a critical vulnerability in the system’s new smart contract.
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https://cointelegraph.com/news/developers-of-ethereum-dex-protocol-airswap-disclose-critical-exploit

guest · Sep 15, 2019

Wealthy Millennials Are Investing in Cryptocurrency, Research Shows
September 15, 2019
https://www.cryptoglobe.com/latest/...-millennials-are-investing-in-cryptocurrency/

Cryptocurrencies are still fledgling assets and new research shows it is the youngest generation of investors that has the best understanding of the sector.

Research by British legal firm Michelmores LLP into affluent millennials - the generation born between 1981 and 1996 - with investable assets of £25,000 ($31,000) or more, shows that 20% have invested in cryptocurrecies such as bitcoin.
This far surpasses the national average of 3%, and even rises to 29% for millennials with more than £75,000 ($93,000) worth of investable assets.
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Michelmores: Millennials, money & myths: Finance & investing

Minimalist · Sep 15, 2019

Crypto News From Brazil: Sept. 9–15 in Review

Brazil has seen another tumultuous week in the cryptocurrency industry. Several courts are going after crypto companies accused of being pyramid schemes, the country’s Securities and Exchange Commission (CVM) stated that crypto exchanges need authorization from local authorities, while a former Brazilan soccer star has become an ambassador for a newly launched cryptocurrency.
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https://cointelegraph.com/news/crypto-news-from-brazil-sept-915-in-review

Minimalist · Sep 15, 2019

Africa Using Blockchain to Drive Change: Nigeria and Kenya, Part One

Blockchain adoption in Africa is on the rise. From transportation to the gaming and lottery industries, reports of companies utilizing decentralized ledger technology (DLT) across the continent are emerging. Several stakeholders in the African blockchain scene say DLT is the key to solving the developmental issues plaguing the continent as a whole. They also believe the technology provides a platform for Africa to elevate itself to a position of greater relevance in global affairs.
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https://cointelegraph.com/news/africa-using-blockchain-to-drive-change-nigeria-and-kenya-part-one

Minimalist · Sep 16, 2019

Euro zone to step up work on public cryptocurrency

Euro zone governments and central banks are working on a long-term plan to launch a public digital currency that they hope would make redundant projects like Facebook's Libra, which is seen as a risk to financial stability, officials said on Friday.
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https://www.itnews.com.au/news/euro-zone-to-step-up-work-on-public-cryptocurrency-531019

Minimalist · Sep 16, 2019

Crypto News From the German-Speaking World: Sept. 9–15 in Review

The German-speaking world continues to see lots of developments in the crypto industry, as a Liechtenstein-based exchange is tokenizing a $25 million movie fund with actor Wesley Snipes, Austrian textile manufacturers use blockchain to go green and a Swiss crypto finance company expands its business into Asia.
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https://cointelegraph.com/news/crypto-news-from-the-german-speaking-world-sept-915-in-review

Minimalist · Sep 16, 2019

Crypto News From Asia: Sept. 9–15

In this week’s selected cryptocurrency- and blockchain-related news from Cointelegraph Japan, government and industry officials secured important appointments, while new data shows the popularity of cryptocurrencies and their favored uses in Japan and China.
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https://cointelegraph.com/news/crypto-news-from-asia-sept-915

Minimalist · Sep 16, 2019

Inside blockchain and its various applications

We explore the technology around blockchain shaping how businesses use data
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https://www.computerweekly.com/feature/Inside-blockchain-and-its-various-applications

guest · Sep 16, 2019

OKEx Korea Delisting XMR, DASH, and ZEC As Global Privacy Coin Purge Continues
September 16, 2019
https://www.cryptoglobe.com/latest/...d-zec-as-global-privacy-coin-purge-continues/

OKEx Korea announced on Monday (September 16) that it plans to delist all five privacy coins it is currently supporting.

In October 2018, the Financial Action Task Force (FATF) updated its Standards to "clarify their application to virtual assets and virtual asset service providers." And in June 2019, the FATF issued an Interpretive Note (INR. 15) to Recommendation 15 (New Technologies) that provided further clarification in this area.
In a notice posted on its website earlier today, OKEx Korea announced "End of Support" for XMR, DASH, ZEC, ZEN, and SBTC transactions since these privacy-focused coins violate FATF's travel rule as they do not allow collection of the required information.
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