Telx Technologies, a telecommunication company, has introduced the world’s first SIM card to send cryptocurrency via text message. Instead of using a wallet addresses, the agenda is to use a phone number to identify the people involved in a transaction. Telx will provide its service to more than 180 countries. The SIM card will support...Read More
Bitcoin, cryptocurrencies, and blockchain technology have become mainstream terms and are now featured in most dictionaries. Crypto-related terms have a lot of value when they are tethered to a web domain, and these days digital currency domains are prime real estate, with some selling for up to seven figures. Also read: How to Create Non-Fungible...Read More
The supposed coordination of governments and tech companies to create a one-world, cashless society is often viewed as little more than fodder for silly Youtube conspiracy videos. After all, cash is still king in daily life, even in extremely high-tech, innovative societies like Japan. Upon closer examination, though, current realities like Australia’s proposed cash transaction...Read More
As regulatory pressure continues to mount against Facebook’s proposed cryptocurrency Libra, at least three companies that are part of the governing association of Libra are contemplating withdrawing their support for the much-hyped stablecoin. According to Financial Times, two members of the Libra Association may leave the community altogether. Also, one member is allegedly concerned that...Read More
A new age of banking is imminent. Legacy models will be forced to follow suit or become obsolete in the eyes of value holders worldwide, as new bitcoin and crypto services take over, seeking to implement blockchain systems with an eye on convenience and financial inclusion. Announcements of stablecoins and exchange services from giants Binance,...Read More
Leading blockchain analysis firm Chainalysis has just revealed new tools to help cryptocurrency companies stay compliant with regulators. The firm’s existing “Know Your Transaction” (KYT) platform will now provide real-time alerts to companies using it.The alerts will give the company accepting payment with a reading of how likely Chainalysis deems to the funds to have...Read More
Starting today, Coinbase Wallet users can use their favorite decentralized apps (dapps) on any desktop browser with Coinbase Wallet’s WalletLink. WalletLink acts as a secure bridge between your Coinbase Wallet app and your desktop browser. To get started, all you have to do is scan a WalletLink QR code with your Wallet app. You can...Read More
Japan is a prominent country for blockchain and cryptocurrency activity. So much even that government officials are building a new type of infrastructure. It is labeled as the “SWIFT of cryptocurrency”, although living up to those expectations won’t be easy. This new network will be used on an international scale and aims to thwart money...Read More
Crypto exchanges with the lowest rating still dominate the industry, according to crypto analysis and pricing data provider, CryptoCompare. D-E Rated Crypto Exchanges Account for 64% of Trading Volume On Wednesday, CryptoCompare published a report on crypto exchange’s activity in July. According to the research, exchanges with lower ratings accounted for about two-thirds of the...Read More
Belgium’s Financial Services Authority (FSMA) has added new warnings to its list of firms thought to be involved with crypto-related fraud. The financial watchdog has now alerted the nation’s investing public to a total of 121 different scam cryptocurrency-focused investment prospects since it started listing them in early 2018.The FMSA is one of the few...Read More
SBU (Security Service of Ukraine) detectives have discovered a cryptocurrency mining operation at one of the nation’s nuclear power plants. The agency has reason to believe that it was officials at the facility that had installed the unauthorised hardware.The SBU alleges that the internet connection installed to facilitate the mining operation posed a significant security...Read More
Cryptocurrency markets fell hard on August 21 following the $700 price drop bitcoin core (BTC) saw during the early morning trading sessions. Most digital assets have lost 2-8% in value as the overall market valuation of all 2,000+ coins has plunged to $263 billion. Crypto price movements have been following a trend of strong volatility,...Read More
The G7 is meeting next week to explore the regulations around Bitcoin and other cryptocurrencies. Unsurprisingly, Anthony Pompliano is not worried. G7 to Discuss Bitcoin Next week, the G7 is scheduled and this time the leaders of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States will set aside some time to...Read More
Silk Road founder Ross Ulbricht has spent six years in prison and has 34 years and two life sentences to go unless a petition spearheaded by his mother and sister lead to a grant of clemency. 195K Signatures and Counting For Ulbricht A petition seeking clemency for Silk Road founder Ross Ulbricht is quickly approaching...Read More
After hearing the arguments against the banking restriction by the Reserve Bank of India (RBI) in detail, the Indian supreme court directed the central bank to reply to the representations filed by crypto exchanges. Since the RBI has not adequately answered them, the court set a new date to resume hearing the case. Also read:...Read More
Bitcoin is a virtual currency that’s as good as the traditional bills that we use. Because it’s already accepted, security features have to be embedded in the application or software that manages it. Many developers had designed the system that makes it impossible to break into it so that no one can steal your money....Read More
Facebook’s Libra project has been questioned by European Union anti-trust regulators. They are concerned about the project, popularly referred to as a cryptocurrency, restricting competition.Libra has been subject to immense scrutiny already from global policy and law makers. In fact, the company recently admitted that the regulatory pressure might force it to postpone or even...Read More
On August 19, the combined SHA-256 hashrate between the BCH and BTC networks touched a massive high of over 91 exahash per second (EH/s). One notable contribution to today’s network hashrates is the manufacturing of next-generation mining rigs that produce a significant number of terahash. Currently, the top machine released this summer is Pangolin’s Microbt...Read More
Today, we’re partnering with the Polkadot Network to accelerate the adoption and decentralization of Polkadot tokens (“DOTs”) as it aims to solve the challenges of cross-blockchain interoperability and create a new paradigm for on-chain governance. When the integration is complete, Blockchain’s over 41M Wallets will not only be able to store, send, and receive DOTs,...Read More
While government organizations are yet to choose sides for drafting crypto-related regulations, crypto-exchanges (that predominantly serve as the front door to crypto-adoption) must keep up with changing requirements, or risk shifting to different geographies. On a similar note, Veronica McGregor, ShapeShift’s Chief Legal Officer, spoke about the ongoing regulatory chaos and how the Switzerland-based crypto-exchange...Read More
A voting platform built on Ethereum blockchain – Horizon State – has been shut down indefinitely. As soon as the company winded operations, its native cryptocurrency dubbed Decision Token (HST) faced a significant setback as it plummeted 56%. On their official Facebook page, the blockchain startup based in Australia said they are shutting down operations...Read More
A recent run-up in the bitcoin price has been credited to a string of events: the US-China trade war, determined monetary easing by central banks, price manipulation via Tether’s stablecoin USDT, Facebook’s plans to launch its cryptocurrency, as well as a weakening Renminbi. But another factor may be lifting bitcoin as well: altcoins.New York-based Ark Investment...Read More
The Indian supreme court heard the case against the crypto banking restriction by the Reserve Bank of India (RBI) in detail Tuesday. After many arguments challenging the RBI’s power over crypto were presented, the counsel for the central bank began making the case against cryptocurrency. Also read: RBI’s Power Over Crypto Challenged at Length in...Read More
For the longest time, Bitcoin (BTC) has been viewed as something with no inherent value.Legendary investor Warren Buffett, for instance, once called the cryptocurrency “rat poison squared”, later explaining that there isn’t much inherent value in the project. Other notable players in finance and politics, including U.S. President Donald Trump, have echoed this analysis, using...Read More
Former rivals may unite to back Facebook’s cryptocurrency’s effort. According to the brothers, the partnership will further their vision of mainstream cryptocurrency adoption. Identical twins Cameron and Tyler Winklevoss – who are perhaps most famous for accusing their former Harvard classmate Mark Zuckerberg of stealing their idea for what has become the world’s largest social...Read More
Crypto vs RBI case resumed hearing today, 20/8/2019 in Supreme Court, Court No. 5. Ashim Sood, counsel for the Internet and Mobile Association of India (IAMAI), questioned RBI’ ban on Cryptocurrency stating FATF guidelines suppress the illicit side of Crypto assets and earlier docs of RBI shows no study took place. Mr. Nakul Dewan, Ld....Read More
On August 19th, Matic network announced to collaborate with ernold to create more scalable, robust, and secure blockchains for the Web 3.0 frontier. Matic network also aims for collaborative future between different blockchains, as opposed to a zero-sum game ridden with the excessive competition. The platform is majorly interested in Random Block Producer selection approach...Read More
Crypto-related services tend to become popular during the first few months. Sustaining such a trend is often very difficult Convenience plays a crucial role for users across the globe. ParJar might be checking a lot of the right boxes in this regard. The Telegram-based service allows for conveniently exchanging dozens of cryptocurrencies. The ParJar Service...Read More
There are many reasons why the Philippines is becoming increasingly crypto-friendly. Not only has its central bank registered more crypto exchanges recently, but the Securities and Exchange Commission has also been actively finalizing crypto guidelines. The country has an active crypto community, and one of its largest banks has engaged in multiple crypto projects. Also...Read More
Cryptocurrency derivatives exchange BitMEX has discontinued offering services to the users of three countries. Fun fact: it has offices in those regions. BitMEX said in a statement issued today that it is limiting access to users residing in Seychelles, Hong Kong, and Bermuda. The Seychelles-based exchange stated that it decided to go ahead with its decision...Read More
