Monthly Archives: October 2019

McAfee to Launch Decentralized Token Exchange With No Restrictions

On the heels of launching his crypto platform, McAfee Magic, the former antivirus software tycoon John McAfee plans to launch a distributed exchange on Monday, October 7. ‘McAfeedex’ will run on the Ethereum blockchain and McAfee insists the exchange will have no restrictions. Also Read: Protesters Wield Tools of Freedom as Hong Kong Imposes Dictatorship John McAfee Is Launching a Decentralized Exchange Called McAfeedex In June John McAfee launched a digital currency access point that combines manual and bot trading across eight exchanges on one interface. McAfee […]

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Liechtenstein’s Parliament Unanimously Approves New Blockchain Act

Liechtenstein’s Parliament unanimously passed the Blockchain Act, making it the first country to have comprehensive regulation of the token economy. Liechtenstein’s Parliament has unanimously passed the Act on Tokens and Entities Providing Services Based on Trusted Technologies (TVTG), also known as the Blockchain Act. Pioneer in comprehensive regulation On Oct. 3, the Parliament of Liechtenstein approved the Blockchain Act, which aims to improve investor protection, combat money laundering and establish clarity. The new law will enter into force on Jan. 1, 2020. The parliament’s announcement claims that […]

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Former US Army Interpreter Gets 30 Years for Dark Web Fentanyl Trade

Former Iraqi interpreter for the U.S. military sentenced to 30 years in jail for selling fentanyl on the dark web, taking payment in crypto. A former interpreter for the United States military forces was sentenced to 30 years in jail for dealing fentanyl, which led to the death of a U.S. Marine. Drugs paid for with cryptocurrencies According to a Reuters report from Oct. 3, a former Iraqi U.S interpreter was sentenced to 30 years in federal prison without the possibility of parole for using the darknet […]

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Tether and Bitfinex Expect a Market Manipulation Lawsuit: Official

Tether and its affiliate exchange Bitfinex announce that they are prepared to fight lawsuits alleging that USDT is involved in market manipulation. Stablecoin firm Tether and its affiliate exchange Bitfinex anticipate a lawsuit alleging that Tether token (USDT) is involved in market manipulation as the result of an unpublished paper. Tether and Bitfinex to defend its position On Oct. 5, both Tether and Bitfinex published statements claiming that they had become aware of an unreleased paper “falsely positing that Tether issuances are responsible for manipulating the cryptocurrency […]

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Turkish Government Freezes Over 3 Million Bank Accounts

Hundreds of thousands of businesses and individuals with tax obligations to the Turkish state have received foreclosure notices this week informing them about their frozen bank accounts. The government of Turkey, which is struggling with financial and economic problems under geopolitical pressure, is likely to push even more of its citizens towards cryptocurrencies with the move that comes instead of the promised help to restructure the debt. Also read: Russia Regulates Digital Rights, Advances Other Crypto-Related Bills Millions of Taxpayers Receive Foreclosure Notices Around 2.5 million taxpayers […]

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The Lightning Conference Preview in Six Stories

Between October 19 and October 20, 2019, The Lightning Conference will turn the city of Berlin, Germany, into the bona fide world capital of the Lightning Network. The event is an opportunity for developers, investors and enthusiastic community members to get together and exchange their experiences with Bitcoin’s second layer payment network. For the first time since its early-2018 Bitcoin mainnet launch, representatives and fans of all four major Lightning implementations (Lightning Labs’ lnd, Blockstream’s c-lightning, ACINQ’s eclair and Nayuta’s Ptarmigan) will get together and discuss their […]

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What’s Next for the Industry as ‘Crypto Winter’ Thaws?

Was the impact of the “crypto winter” on the entire industry positive or negative? Take a look in an in-depth analysis. It’s hard to tell who was the first to coin — if you’ll forgive the pun — the name for the dramatic price drop of Bitcoin (BTC) and altcoins as the “crypto winter.” But the name accurately captures the simultaneous collapse of around 2,000 global cryptocurrencies that lost a total of 80% of their aggregate market cap.  The term “crypto winter” probably came into more widespread […]

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Most Top-20 Coins See Slight Red as Bitcoin Price Slips Below $8.1K

Crypto markets are slightly red today, with only 2 out of the top 20 coins by market cap seeing gains and BTC price dipping below $8,100. Saturday, Oct. 5 — crypto markets are trading sideways today, with most of the top 20 coins by market cap seeing losses and Bitcoin (BTC) dipping below $8,100. Only three coins out of the top 20 cryptos are up over the past 24 hours at press time, with Iota (MIOTA) seeing the largest gains of over 2.3%. In contrast, Algorand (ALGO), […]

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Crypto Insurance a Promising Sector Despite Caution of Major Players

As cyber security becomes prevalent in the crypto space, can major insurance companies provide users with a much-needed safety net? The growth in popularity of cryptocurrencies has, in many ways, outpaced the infrastructure built to support it. In terms of security, cryptocurrency exchanges that serve both as a marketplace and a store of the digital assets have become a hacker’s favorite target. Now that the cryptocurrency market has grown to its current capitalization of more than $200 billion, demand for crypto insurance is gaining traction. Already, big-time […]

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Protesters Wield Tools of Freedom as Hong Kong Imposes Dictatorship

Four months of protests continue in Hong Kong as the world is witnessing the biggest uprising of political dissent in the territory since the 1997 ‘handover’ from Britain to China. Protesters have recently embraced wearing Guy Fawkes masks but on October 3, Hong Kong’s current Chief Executive, Carrie Lam, implemented colonial-era emergency powers banning the use of masks. Lam also told Hong Kong residents the government can “make any regulations whatsoever” and since she enacted the laws the public has been livid. Also Read: Hong Kong Protest […]

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