Monthly Archives: June 2019

Plea Bargain Means Silk Road 2 Admin Will Likely See No Prison Time

Following the sentencing of Thomas White, the founder of the Silk Road 2 (SR2) marketplace during the first week of April, another SR2 administrator may evade prosecution. According to reports, SR2 admin Blake Benthall cooperated with global law enforcement and may only face fines for avoiding taxes. The news of the two SR2 admins’ sentences further aggrieved Ross Ulbricht’s family who believe there’s a disparity between their son’s double life sentence and others who have seen minimal charges. Also read: Silk Road 2 Founder Finally Sentenced 5 […]

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Does Kik Stand a Chance Against the Goliath of the SEC in a US Court?

Why Kik believes it has a case against the SEC in proving that “kin” isn’t a security. It’s difficult to fight progress. Although, if you’re the United States Securities and Exchange Commission (SEC), you can at least try, which could explain why the agency has so far refrained from producing clear and favorable cryptocurrency regulation. Since February 2018, the SEC has taken to consider all initial coin offerings (ICOs) as being securities. Meanwhile, in June 2018, SEC Chairman Jay Clayton proclaimed that the commission is “not going […]

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Samsung Galaxy S10 – What’s Up With the Crypto Wallet?

Samsung’s new flagship smartphone, the Galaxy S10, had one of the most anticipated premieres this year. The launch of the high-end lineup, comprising three models, marked the 10th anniversary of the Galaxy S series, considered a benchmark in the Android world. A slew of new features were introduced for the latest model. However, the one addition that sparked great interest in the crypto community – the Samsung Blockchain Wallet – is not available to many S10 users, and where it is included, it does’t store bitcoin. Also […]

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Choose Where to Buy Cryptocurrencies Using Exchangify

Purchasing cryptocurrencies often involves using the services of a digital asset exchange. Such trading platforms typically differ in terms of features, listed coins and supported fiat currencies. Exchangify.io is a website that can help you find the best option in your region. Also read: Cryptocurrencyalerting.com Will Notify You of Price Movements Website Selects Exchanges According to Your Criteria Exchangify is an online platform that ranks dozens of crypto exchanges by daily volume, area of operations, support for fiat currencies, available payment methods, and applicable fees. You can […]

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Chainalysis: 64% of Ransomware Attackers Launder Proceeds via Crypto Exchanges

Chainalysis claims that 64% of ransomware attack cash-out strategies involve the laundering of funds via crypto exchanges. United States-based blockchain intelligence firm Chainalysis claims that 64% of ransomware attack cash-out strategies involve the laundering of funds via cryptocurrency exchanges. The data was revealed in a Chainalysis webinar attended by Cointelegraph on May 30. A ransomware attack involves the infection of a target with malware and the demand of a ransom payment — frequently denominated in cryptocurrencies. The payment is demanded in return for the ostensible delivery of […]

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Biggest Heists in Bitcoin History and How They Were Pulled Off

Bitcoin’s history is rife with hacks and heists, sometimes resulting in six-figure bitcoin losses and businesses going bankrupt, unable to pay their customers back. A new video by Bitcoin.com explores the largest bitcoin heists in history and explains how each one was pulled off. Also read: How to Earn Bitcoin Cash Income Lucrative Crime With cryptocurrencies’ steep rise in value, heists have become increasingly lucrative for hackers. The biggest targets have so far been crypto exchanges with weak security measures. Since a large number of crypto users […]

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Bahamas National Cryptocurrency Developer Says Startups Essential for Adoption

The CEO of NZIA Ltd, the firm developing the Bahamas’ central bank digital currency, said that startups will be key to its adoption The CEO of transactions firm NZIA Ltd, Jay Joe, says Bahamian tech startups will need to lead the development of Project Sand Dollar, according to a report by the Nassau Guardian on May 31. Project Sand Dollar is an initiative to tokenize the Central Bank of the Bahamas’ (CBOB) fiat currency as a central bank digital currency (CBDC), which is supposed to launch in […]

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Crypto Markets Show Signs of Recovery, While Oil Prices Slump

Cryptocurrencies have entered the green zone after seeing some losses over the past couple of days. Friday, May 31 — cryptocurrencies are on the rise again after seeing a slight correction yesterday, May 30, with EOS (EOS) being the only coin among the top-20 cryptocurrencies to register double-digit gains. Market visualization by Coin360 The leading digital currency bitcoin (BTC) is up slightly over 3% on the day, and is trading at $8,573 at press time. On its weekly chart, bitcoin saw its lowest price point at $7,924 […]

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G20 International Watchdog Says Regulators Need Better Crypto Risk Assessments

The FSB said in its latest report that regulators need to improve their risk assessment strategies to keep up with innovations in the cryptocurrency sector. G20’s international watchdog, the Switzerland-based Financial Stability Board (FSB), said in its latest report that regulators need to improve their risk assessment strategies regarding financial activity in the crypto space, according to a report by Reuters on May 31. The report noted that one potential risk assessment metric regulators could look at is banks’ and other financial entities’ degree of exposure to […]

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