Monthly Archives: January 2020

Crypto Derivatives Exchange Leaves EU for Panama, Expands KYC

Crypto exchange Deribit leaves the Netherlands for Panama to avoid demanding EU regulations that the Dutch nation might adopt. Crypto derivatives exchange Deribit is leaving the European Union for Panama to avoid new AML rules while changing its Know Your Customer (KYC) requirements.  Deribit B.V., the current Netherlands-based company responsible for the Deribit.com exchange, will officially delegate the trading platform to its daughter company, DRB Panama Inc. on Feb. 10, 2020, a Jan. 9 statement from Deribit said.  Changing regulatory winds  Deribit has decided to transfer to […]

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Telecom Giant Telefonica Pilots Blockchain Access on 8,000 Spanish Firms

Telecom giant Telefonica partners with the local Association of Science and Technology Parks to grant to about 8,000 firms in Spain access to its blockchain. Spanish telecommunications giant Telefonica has reportedly partnered with the local Association of Science and Technology Parks (APTE) to grant access to its blockchain to about 8,000 firms in Spain. According to a report published by telecom news outlet TotalTele on Jan. 9, Telefonica will deploy nodes of its Hyperledger-based blockchain at APTE’s 52 sites. During the three-month-long testing period, firms will be […]

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US SEC Traces $3.5M Back To Alleged Fraudster Behind Fake Crypto Mine

The U.S. SEC charges Donald Blakstad for using a fake crypto mining business and two other companies to fraudulently gain $3.5 million. Recent charges from the U.S. Securities and Exchange Commission (SEC) tied three parties to $3.5 million in fraudulent activities.  The SEC has pressed charges of fraud against Donald Blakstad, crypto mining outfit Energy Sources International Corporation (ESI) and vehicle part company Xact Holdings Corporation, according to a Jan. 8 document from the commission.  The document described ESI as “a purported cryptocurrency mining operation.” Millions swindled […]

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KPMG Leader Predicts IoT and Blockchain Will Be Used To Manage Climate Change

KPMG lead predicts blockchain and IoT will enable effective climate management in 2020, a topic to be discussed during Davos. Accounting giant KPMG’s US blockchain lead, Arun Ghosh, predicts that blockchain, combined with the Internet of Things (IoT) will be used to manage climate change in 2020.  IoT is a term for systems of interrelated devices that are embedded with sensors, software and network connectivity that enables them to collect and exchange data. According to a list of 6 blockchain predictions KPMG shared with Cointelegraph, Ghosh noted: […]

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Oman’s Largest Port Joins IBM’s Blockchain Shipping Platform TradeLens

Oman’s largest port joins IBM and Maersk blockchain-based TradeLens platform to enhance customer experience and improve trade flows. On Jan. 8 the Times of Oman reported that the Port of Salalah joined TradeLens, the blockchain-based supply chain platform launched in 2018 by shipping giant Maersk and IBM.  An IBM spokesperson told Cointelegraph the addition of the Port of Salalah puts TradeLens at more than 90 ports and terminals, with over 150 participants in total on the platform.  According to the Times, The Port of Salalah is Oman’s […]

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Ethereum, Tron and EOS Control 98% of All Dapp Volume

2019 was a good year for dapps and a particularly good one for Tron and Ethereum. That’s the upshot of Dapp Review’s new report into crypto-powered decentralized applications. The sprawling research document inspects the major dapp networks in forensic detail and provides key takeaways. The headline-grabber is the revelation that Tron, EOS, and Ethereum accrued $23 billion in dapp volume last year, with Tron leapfrogging EOS along the way to establish itself as the de facto dapp network for recreational use. Also read: Researcher’s Scathing Lightning Network […]

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Why Proof of Reserves Is Important to Bitcoin

Bitcoin is a movement founded on individual monetary sovereignty, transparency and peer-to-peer auditability enabled by a breakthrough in technology. It launched at a time when trust in the world’s financial institutions was at an all-time low and struck a chord. Bitcoin’s success has led to profits, which has, in turn, led to complacency. Today, people are once again placing their trust in new crypto institutions, some of which have done very little to earn that privilege. Over $4.4 billion was lost as a result of crypto exit […]

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Bithumb May Pour Over $8M Into South Korea’s Regulation-Free Zone

Bithumb shows interest in a 10 billion won investment into South Korea’s regulatory free zone in Busan. Bithumb, one of the world’s largest cryptocurrency exchanges, could invest more than $8 million into South Korea’s regulatory sandbox.  Via its daughter company GCX Alliance, Bithumb has shown intent to put 10 billion won ($8 million) into South Korea’s “regulatory free zone” in Busan, according to reporting from Seoul on Jan. 9.  Regulation-free zone South Korea’s second-largest city, Busan, has been the subject of prior headlines for its status as […]

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Bitcoin Hash Rate Hits All-Time High Behind Price Rise, Private Pools in China

I probably don’t need to tell you that bitcoin’s price is up in the new year. But did you know that the bitcoin mining hash rate and difficulty are climbing too? On January 5, 2020, Bitcoin’s hash rate struck a new all-time high of 117 exahashes per second (EH/s) (that is, miners are producing roughly 117,000,000,000,000,000,000 hashes every second in hopes of finding the next block for the network). Mining difficulty has risen in tandem, setting a new all time high of 13.79 T on the second […]

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Bugs Found in Compiler for Readable Ethereum Smart Contracts, Team Downplays Concerns

Critical Ethereum 2.0 smart contract not affected by the bugs, developers argue. A Jan. 8 post published by the Ethereum Foundation (EF) revealed that developers are working on a new implementation of the Vyper compiler, due to “multiple serious bugs” in the existing version. The Vyperlang team responded by noting that existing Vyper smart contracts were not affected by these bugs. Vyper is an alternative programming language for Ethereum originally conceived by Vitalik Buterin. It focuses on being as human-readable as possible, even at the cost of […]

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