Online Cash Bitcoin Could Challenge Governments, Banks

Minimalist · Apr 19, 2020

UK Crypto Cop: Law Enforcement Must Understand Bitcoin

After sentencing a man who sold drugs on the dark web, police officer Phil Ariss offers lessons from policing crypto crime for four years.
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https://cointelegraph.com/news/uk-crypto-cop-law-enforcement-must-understand-bitcoin

guest · Apr 20, 2020

How Bitcoin Is Changing Online Businesses
April 19, 2020
https://www.cryptoglobe.com/latest/2020/04/how-bitcoin-is-changing-online-businesses/

Bitcoin has been around for more than ten years now. During this time, there was a lot of noise about how the future of this cryptocurrency was bleak. Governments and banks warned against the use of this “bubble that was going to burst” and advocated regular means of transaction processing.

Now, thanks to Bitcoin, online businesses are finally able to reach markets previously unattainable to them. While faster transactions, more security, and anonymity are all well and good, it is international payments without boundaries that will truly revolutionize the way online businesses operate.
Smaller online businesses accept digital money as well. So what are these benefits they’re after? [...]
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Minimalist · Apr 20, 2020

Libra Scales Back Cryptocurrency Plans Amidst Furore

Facebook-backed cryptocurrency association to issue digital versions of single currencies, stepping back from controversial synthetic coin scheme
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https://www.silicon.co.uk/workspace/libra-cryptocurrency-340166

guest · Apr 21, 2020

Hacker Returns $25 Million Worth Of Cryptos They Stole From DForce
April 21, 2020
https://zycrypto.com/hacker-returns-25-million-worth-of-cryptos-they-stole-from-dforce/

Over the weekend, something really severe happened to dForce, decentralized finance protocol. A hacker managed to gain unauthorized access to the network and drained its wallets dry. Following the hack, it was found that a total of $25 million in cryptos was stolen.
As a matter of fact, the $25 million stolen by the hacker represented the entire holdings within the network, meaning that dForce was effective bankrupted by the hack. However, things seem to be looking up for the network.
Returning The Loot
Apparently, the hacker who stole the cryptos has decided to give them back, something that has taken many by price. Billions of dollars worth of cryptos are stolen by hackers every year, but it’s not every time that the hackers decided to return the loot. This one has.
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Minimalist · Apr 25, 2020

Crypto Industry Divided Over Introducing Circuit Breakers on Exchanges

Recent turbulence has brought traditional tools such as circuit breakers to the forefront of crypto community discussions.
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https://cointelegraph.com/news/cryp...ver-introducing-circuit-breakers-on-exchanges

Minimalist · Apr 25, 2020

Traders Buy Oil Futures With Crypto Amid Record Volatility

The Binance-owned crypto derivatives exchange, FTX, has introduced oil futures following the recent record crash in U.S. oil prices — which fell as low as minus-$40 on April 20.
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https://cointelegraph.com/news/traders-buy-oil-futures-with-crypto-amid-record-volatility

guest · Apr 25, 2020

XRP Giveaway Scams May Have Stolen Over $1.5 Million
April 25, 2020
https://www.cryptoglobe.com/latest/2020/04/xrp-giveaway-scams-may-have-stolen-over-1-5-million/

Researchers from “community-driven” XRP data aggregator xrplorer have claimed on social media that XRP giveaway scams may have stolen over 8.5 million tokens from users, worth over $1.5 million.

According to their data, since 2019 the scammers have already managed to steal 8.5 million XRP from users via fake giveaway scams that use fake celebrity endorsements and see them pose as prominent community members on social media to steal the funds.
The funds are then reportedly cashed out through popular cryptoassets exchanges, according to the researchers.
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Minimalist · Apr 26, 2020

Major Donations Are Coming From Crypto Industry to Fight COVID-19

These crypto firms are joining the fight against COVID-19. Will this move highlight the benefits of cryptocurrencies and establish the industry?
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https://cointelegraph.com/news/major-donations-are-coming-from-crypto-industry-to-fight-covid-19

guest · Apr 28, 2020

Payment Service Provider Checkout.com to Join Facebook's Libra Association
April 28, 2020
https://www.nytimes.com/reuters/2020/04/28/technology/28reuters-checkout-com-libra.html

Global payment service provider Checkout.com said on Tuesday it would join Libra Association, the entity managing the Facebook-led effort to build global digital currency Libra.
"The Libra project holds the promise of increasing financial inclusion for billions of unbanked people", the company said in a statement.
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Checkout.com joins the Libra association

guest · May 5, 2020

Dutch Central Bank to Crypto Firms: Register in 2 Weeks or Shut Down
May 5, 2020
https://www.coindesk.com/dutch-central-bank-to-crypto-firms-register-in-2-weeks-or-shut-down

De Nederlandsche Bank (DNB) is moving to quickly enforce enhanced Dutch anti-money laundering (AML) laws, which passed the Dutch Parliament last month to comply with the European Union’s AML directives and standards set by the Financial Action Task Force.

DNB’s speedy regulatory flex – the Dutch Upper House passed its “amended” Fourth Anti-Money Laundering Directive (AMLD4) laws on April 21 – threatens firms that convert crypto and fiat or offer crypto custody services with immediate cease-and-desist orders if they do not register by the deadline. Crypto-to-crypto companies do not need to register.
The deadline comes as Dutch crypto firms level heavy criticism at a law they call burdensome to the industry at large.

Firms that fail to register “must therefore cease your existing activities” on May 18 and face fines and “enforcement action,” DNB wrote in its press release. The release noted a draft application was sufficient to fulfill the registration needs for the mid-May date.
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guest · May 8, 2020

mood said: ↑

Google Bans 49 Fake Chrome Extensions for Stealing Crypto Data
April 15, 2020
https://www.financemagnates.com/cry...e-chrome-extensions-for-stealing-crypto-data/
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More crypto-stealing Chrome extensions swatted by Google
May 8, 2020
https://nakedsecurity.sophos.com/20...stealing-chrome-extensions-swatted-by-google/

Malicious extensions for the Chrome browser continue to spring up just as quickly as the search giant cuts them down. This month, another batch appeared.

Talking to Naked Security, Denley explained that he finds new ones each day. He pointed us to this Pastebin entry showing the original 49 he reported in April, along with another 22. The new ones impersonated the Ledger, KeepKey, MetaMask, and Jaxx wallets. The IDs on the left are extension IDs, which show up at the end of an extension’s URL when viewed in the Chrome store.

Google had already taken down most of the offending wallets at the time of writing, and has been generally pretty responsive, according to Denley, who said:

Yeah, they have been, for the majority. Actioned my reports within 24 hours.
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guest · May 12, 2020

ronjor said: ↑

Cryptocurrency’s bad day continues as the SEC blocks Telegram’s $1.7 billion planned token sale
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Judge Halts Telegram Token Issuance in Injunction Requested by SEC
March 24, 2020
https://www.coindesk.com/judge-halts-telegram-token-issuance-in-injunction-requested-by-sec

In a preliminary injunction dated March 24, U.S. District Judge P. Kevin Castel, of the Southern District of New York, said the SEC had demonstrated a plausible case that Telegram had sold unregistered securities. The regulator sued Telegram in October 2019, alleging the company violated federal law when it raised nearly $2 billion in a 2018 token sale.

“The Court finds that the SEC has shown a substantial likelihood of success in proving that the contracts and understandings at issue, including the sale of 2.9 billion Grams to 175 purchasers in exchange for $1.7 billion, are part of a larger scheme to distribute those Grams into a secondary public market, which would be supported by Telegram’s ongoing efforts,” the judge wrote.
He pointed to the $1.7 billion proceeds from the sale in his 44-page opinion, writing that Telegram created a project to “maximize the amount initial purchasers would be willing to pay” for tokens by building a structure to maximize the purchasers’ profit upon resale.
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guest · May 12, 2020

TON is officially dead
Telegram Abandons TON Blockchain Project After Court Fight With SEC
May 12, 2020
https://www.coindesk.com/judge-halts-telegram-token-issuance-in-injunction-requested-by-sec

Telegram founder Pavel Durov wrote in his public channel Tuesday that the Telegram Open Network (TON) project would be discontinued due to the company's ongoing legal fight with the U.S. Securities and Exchange Commission (SEC).

"Today is a sad day for us here at Telegram. We are announcing the discontinuation of our blockchain project. Below is a summary of what it was and why we had to abandon it," he wrote.
An accompanying blog post said the SEC's winning of a preliminary injunction in a U.S. court led to the decision because it barred Telegram from launching TON or distributing its gram tokens. The move is an abrupt shift for Telegram, which said less than two weeks ago it would be launching the network in April 2021.

TON Labs, a startup that had been running a test network, launched its own version of the network last week, dubbed "Free TON," after Telegram announced further delays.
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Minimalist · May 16, 2020

Mexican Companies Launch Crypto Donation Platform for People Impacted by COVID-19

A crypto exchange from Mexico has launched an initiative to gather COVID-19-related donations through cryptocurrencies.
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https://cointelegraph.com/news/mexi...tion-platform-for-people-impacted-by-covid-19

Minimalist · May 16, 2020

Lawsuit Claims Nvidia Misrepresented $1B in Sales to Crypto Miners

An amended complaint accuses Nvidia of misrepresenting over $1B in sales to downplay the firm’s reliance on sales to crypto miners.
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https://cointelegraph.com/news/lawsuit-claims-nvidia-misrepresented-1b-in-sales-to-crypto-miners

Minimalist · May 16, 2020

The Crypto Price-Innovation Cycle

People who’ve been in crypto for a long time view the space as evolving in cycles, alternating between periods of high activity and “crypto winters.” There have been three cycles so far. The first peaked in 2011, the second in 2013, and the third in 2017.
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https://a16z.com/2020/05/15/the-crypto-price-innovation-cycle/

Minimalist · May 16, 2020

Crypto.com Claims Its Card Is ‘Most Widely Available’ After European Expansion

Crypto.com’s debit Visa cards are now available in all EU states as the company aims for global presence.
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https://cointelegraph.com/news/cryp...ost-widely-available-after-european-expansion

Minimalist · May 16, 2020

Blockchain Is Good for More than Just Crypto. These Courses Show You How to Use It

From hacking our brains with Neuralink to having an AI do our homework, we’re living on the cutting edge of some seriously incredible tech innovations. But, if there’s one technology that everyone should be keeping a close eye on, it’s blockchain.
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https://futurism.com/blockchain-is-...t-crypto-these-courses-show-you-how-to-use-it

Minimalist · May 16, 2020

How You Could Save Money When Reporting Crypto Taxes

There is no denying that you should be paying taxes on your income from crypto, but how can you ensure that you are not paying more taxes than you owe?
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https://cointelegraph.com/news/how-you-could-save-money-when-reporting-crypto-taxes

Minimalist · May 17, 2020

Crypto Die-Hards Turn Back to Origins With Anti-Inflation Push

A crisis was supposed to be Bitcoin’s time to shine, when the need for an international currency outside the reach of central banks would prove invaluable. That hasn’t been the case.

No matter to crypto die-hards. The future is brighter than ever, especially as central banks around the world pump cash into listing economies, threatening a wave of inflation if growth were to snap back.
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https://www.bnnbloomberg.ca/crypto-die-hards-turn-back-to-origins-with-anti-inflation-push-1.1437493

Minimalist · May 17, 2020

COVID-19 Incentivizing Crypto and Leading Mainstream Adoption

The COVID-19 crisis has pushed people to seek alternative technological solutions as blockchain and crypto become more popular.
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https://cointelegraph.com/news/covid-19-incentivizing-crypto-and-leading-mainstream-adoption

Minimalist · May 17, 2020

All in on PoS Blockchains: An Overview of Crypto-Staking Networks

As Ethereum prepares to shift to a PoS blockchain, interest in staking crypto is growing. Here is a list of the biggest blockchain staking platforms.
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https://cointelegraph.com/news/all-in-on-pos-blockchains-an-overview-of-crypto-staking-networks

Minimalist · May 18, 2020

Cryptocurrency Hardware Wallets Can Get Hacked, Too

Whether you think cryptocurrency is a scam or a salvation, those digital coins can store real-world value. The safest place to keep them is in what's known as a "hardware wallet," a device like a USB drive that stores your currency and private keys locally, without connecting to the internet. But "safest" doesn't mean "perfect," which new research into two popular hardware wallets reinforces all too well.
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https://www.wired.com/story/cryptocurrency-hardware-wallets-can-get-hacked-too/

Minimalist · May 21, 2020

Crypto hedge funds struggle to recover from “bloodbath”

Volatility in cryptocurrency prices causes big losses for highly-leveraged funds.
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https://arstechnica.com/tech-policy/2020/05/crypto-hedge-funds-struggle-to-recover-from-bloodbath/

Minimalist · May 23, 2020

Crypto Healthcare Project Announces Telehealth Exchange for Remote Medicine

Cryptocurrency healthcare startup Solve.Care announced a blockchain remote medicine platform.
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https://cointelegraph.com/news/cryp...unces-telehealth-exchange-for-remote-medicine

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