Monthly Archives: April 2018

Ethereum Devs Publish Upgrade Proposal To Move Network Away From Mining-Related Issues

Recent Ethereum Improvement Proposal reveals Casper FFG network update, which seeks to move the network away from issues associated with crypto mining. Developers of Ethereum (ETH), the largest altcoin by market capitalization, have published Ethereum Improvement Proposal (EIP) #1011 on Friday, April 20, to create a hybrid system of consensus that seeks to push the network away from issues associated with crypto mining. The proposal consists of specifications for implementing the Hybrid Casper the Friendly Finality Gadget (FFG) network update, which will combine Proof-of-Work (PoW) with Proof-of-Stake […]

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Indian Exchange Coinsecure Prepares Customer Claims Process Following $3.5 mln Theft

Indian BTC exchange Coinsecure says it has started working on the claims process for funds lost by 11,000 customers in a $3.5 mln theft earlier this month. Indian Bitcoin (BTC) exchange Coinsecure says it has started work on the claims process for customer funds lost in the theft of 438 BTC ($3.5 mln) from the exchange’s wallet earlier this month, in an update posted on its website April 21. The Coinsecure Team said it has been “flooded with calls and emails” regarding disbursement of the stolen funds, […]

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If You’re a Wikipedia Contributor, Owning Cryptocurrency May Be a Conflict of Interest

The web’s favorite crowdsourced encyclopedia has just edited its own behavioral guidelines. Wikipedia’s “Conflict of interest” (COI) page outlining etiquette for its 140,000 active editors now includes a reference to cryptocurrency. If you’re editing pages about crypto, the mere act of owning cryptocurrency may preclude you from doing so. Also read: Telegram Urges Paper Airplane Protest, Pussy Riot Activist Arrested Wikipedia Is Conflicted on Cryptocurrency According to Wikipedia, any external relationship its contributors hold – including a relationship with cryptocurrency – could present a conflict of interest. Its […]

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WikiLeaks Store Loses Coinbase Support, Still Processing Sales

WikiLeaks has had to find alternative solutions for its online shop. On April 20, 2018, the whistle-blowing document depository revealed in a tweet that Coinbase has shut down the WikiLeaks’ online store account. Even with  Coinbase out as a payment processor, WikiLeaks’ online shop is still able to use  CoinPayments.net for cryptocurrency payments, accepting both bitcoin and a variety of altcoins. The organization also still accepts donations in bitcoin, litecoin, ether, monero and zcash. Coinbase Bails on WikiLeaks The organization claims that Coinbase sent them a memo “without […]

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Total Crypto Market Cap Hits 7-Week High At $400 Bln, BTC Holds Near $9K

Crypto markets see mixed greens and reds today, with BTC still holding near $9K and ETH moving past $630 The crypto market is continuing to grow with only slight dips today, April 23, as Bitcoin (BTC) remains close to $9,000 after two weeks of gains and total market cap hits a 7-week high, according to data from CoinMarketCap. Crypto market visualization from coin360.io BTC is currently trading at around $8,840, down around 0.70 percent over a 24 hour period to press time, according to data from Cointelegraph’s […]

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How British Financial Regulator Creates A Foundation For UK Cryptocurrency Adoption

The foundations are slowly being laid for further cryptocurrency development and adoption in the UK. Traditional financial institutions and big banks in the UK haven’t been overly supportive of cryptocurrencies over the years, but change could be on the horizon. 2018 has seen a big move for positive regulatory action towards cryptocurrencies around the world and England’s Financial Conduct Authority (FCA) has embraced this change as well. In March the FCA announced that it had launched a cryptocurrency task force in association with the Bank of England […]

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India Divided on Whether to Ban Crypto Use

As India works on the bill to regulate cryptocurrencies, each government department has its own opinion on whether to ban the use of crypto, including bitcoin. The Finance Ministry, the Reserve Bank of India (RBI), the Income Tax Department, and the Special Investigation Team have voiced their opinions on the upcoming bill. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales No Consensus Among Regulators India is preparing a bill on the regulation of cryptocurrency. “The bill has been drafted and consultation has […]

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Cryptocurrencies: cheapair.com To Change Bitcoin Payment Processors

The Background Cheapair.com was the first in the travel industry to make the move to taking Bitcoin payments in 2013. Both flight and hotel bookings have been able to be made with the Bitcoin Cryptocurrency. However, the online travel agency has recently announced to its customers – on the 20th April 2018 – through the company blog that it will be changing the backend of its payment processing. Jeff Klee, CEO, told customers that their current provider – Coinbase – will stop supporting the way that cheapair.com […]

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Goldman Sachs Hires Crypto Trader As VP Of Digital Assets ‘In Response To Client Interest’

Crypto trader Justin Schmidt will join Goldman Sachs as the head of their digital asset markets for guiding customers in crypto Goldman Sachs has hired crypto trader Justin Schmidt as vice president of digital asset markets of their securities division in order to help clients navigate cryptocurrencies, Bloomberg reports today, April 23. Schmidt, an MIT Computer Science Masters graduate, had previously worked at financial institutions WorldQuant LLC, LMR Partners, and Seven Eight Capital. His LinkedIn laconically shows him working  in “Crypto” since 2017. Goldman Sachs spokesperson Tiffany […]

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Circle Doubles Minimum Bitcoin Trade To $500K As CEO Says Volumes Will Rise

Circle’s CEO is bullish on Bitcoin trading making a comeback as the company doubles its trade minimum to $500,000. The over-the-counter (OTC) trading platform of Goldman Sachs-backed financial services startup Circle doubled its minimum Bitcoin trade amount to $500,000 amid what it calls a “robust market”, Business Insider reports Monday, April 23. In comments to Business Insider, Circle CEO Jeremy Allaire said the move preempts a U-turn in crypto trading markets, which saw volumes decline in Q1 this year as Bitcoin and altcoin asset prices fell. “The […]

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