Monthly Archives: April 2018

Russian Gov’t Blocks 20 Mln IP Addresses To Ban Telegram, App Still Operational

The Russian government has blocked about 20 mln IP addresses to ban Telegram: dozens of unrelated services have suffered network failures, Telegram still works. After announcing the ban of encrypted messenger Telegram last Friday, Russian telecommunications watchdog Roskomnadzor (RKN) began blocking the app Monday, April 16. In order to ban access to the messenger, the authority has blocked nearly 20 mln Google and Amazon Internet Protocol (IP) addresses as of April 17, but Russia’s Telegram users say that the app still works without applying any additional means […]

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Cambridge Analytica Reportedly Planned To Release Digital Currency

Cambridge Analytica, the data consultancy firm accused of improper access the data of millions of Facebook users, may have been planning to develop its own digital currency. Cambridge Analytica was planning to raise money by issuing a digital currency prior to becoming involved in a scandal regarding the misuse of data from Facebook, sources familiar with the matter told Reuters April 17. Sources say that Cambridge Analytica had consulted with a firm that advises companies on how to structure Initial Coin Offerings (ICOs).  While it is unknown […]

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Want to Build a Killer App for Bitcoin Cash? Look No Further

The Bitcoin Cash (BCH) network is growing relentlessly as far as infrastructure and development are concerned. So far the decentralized cryptocurrency has gained a lot of support from various exchanges and wallet providers, while other developers are building unique protocols around the BCH chain. On the development side of things there are three pretty useful tools programmers can use to contribute to the BCH environment — ‘Flowee’ the BCH API platform, ‘bitcoinj.cash’ a BCH javascript library, and the ‘Bitbox’ toolkit for bitcoin cash. Also Read: Meet Memo: An […]

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New York Attorney General Launches Inquiry Into Cryptocurrency Exchanges

As part of an effort to protect cryptocurrency investors and bring greater transparency into how cryptocurrency exchanges operate, New York Attorney General Eric Schneiderman has sent letters to 13 virtual currency exchanges requesting they disclose key information about their operations. “With cryptocurrency on the rise, consumers in New York and across the country have a right to transparency and accountability when they invest their money,” the attorney general said in a statement today, April 16, 2018. “Yet too often, consumers don’t have the basic facts they need […]

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Sharia, Taxes And Short Squeeze: Versions Behind Bitcoin’s $1000 Bounce

Bitcoin’s surprise bounce – a number of factors compound a surge in the value of preeminent cryptocurrency. Since last week crypto community celebrates the return of Bitcoin to the green with an inspiring bounce up to $1000 in value in less than an hour of trade on Thursday, 12 April. The sudden increase in Bitcoin’s value was met with much fanfare and further speculation as to what caused the massive volume in trade in the preeminent cryptocurrency. There are a number of reasons for Bitcoin’s sudden surge […]

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Philippine Senator Demands Harsher Penalties For Crypto-Involving Crimes After Local Scam

A Philippine Senator has stressed the priority of imposing stricter penalties for crimes involving crypto. Philippine opposition Senator Leila de Lima is pushing fellow senators to move forward with her bill to impose stricter penalties for cryptocurrency-related crimes, according to a press release from the Philippine Senate published April 16. De Lima, a former justice secretary, underscored the urgency of Senate Bill (SB) No. 1694, following the arrest on April 4 of two suspects for an alleged local Bitcoin scam involving P900 mln ($17.2 mln): “I hope […]

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Data, Security, Insurance: How Blockchain Is Disrupting The Health Industry

From improved security to fighting counterfeit drugs: Blockchain startups are changing the healthcare industry The health industry’s potential for Blockchain has been outlined numerous times, and new startups continue to emerge in 2018. On Monday, April 9 it was announced that a German consulting firm developed a Blockchain-based solution for the management of sensitive medical data, while a week prior to that an important industry player in the US stepped up with a foray into Blockchain as well. What exactly can Blockchain startups bring to the table? […]

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LocalBitcoins User Claims Traders Must Submit ID For ‘Significant’ Volumes, Reddit Reacts

Popular P2P trading platform Localbitcoins is facing a social media backlash after reports that it is clamping down on anonymous trading for high volumes. Social media users were rethinking patronage of peer-to-peer (P2P) trading platform LocalBitcoins today, April 17, after a trader produced evidence that personal ID was now required to buy and sell Bitcoin for some trade volumes. A Reddit thread begun by user u/yellowcuda reproduced a screenshot of the P2P marketplace in which an account holder receives a message demanding ID be submitted due to […]

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Korean Blockchain Association Reveals Self-Regulatory Rules For 14 Member Exchanges

Korean Blockchain Association proposes a set of self-regulatory rules for its member crypto exchanges in an effort to increase transparency. The Korean Blockchain Association (KBA) has recently revealed a self-regulatory framework for its member cryptocurrency exchanges to boost trading transparency, The Korea Times reports on Tuesday, April 17. The framework, announced by KBA executive Jeon Ha-jin during a press conference at the Korea Federation of Small and Medium Business (SME) in Seoul, comprises general measures to protect customers by optimizing the transparency of operations at crypto exchanges, […]

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IMF Chief Envisages Large-Scale Shift Towards Cryptocurrencies

IMF chief Christine Lagarde has dedicated her latest two blog posts on the official IMF website to cryptocurrencies. In her latest post, she outlines multiple benefits of crypto and envisages a large-scale shift away from government-issued currencies towards cryptocurrencies. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space 2 Blog Posts Dedicated to Crypto The managing director of the International Monetary Fund (IMF), Christine Lagarde, dedicated a blog post on the IMF website to the benefits of cryptocurrencies on Tuesday. This positive post follows her other post […]

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