Monthly Archives: January 2020

Tether Claims to Be Okay With Merger of Class-Action Lawsuits Against It

Tether says it did not deny prosecutors’ request to consolidate three lawsuits the stablecoin and its sister exchange Bitfinex are facing. Currently facing multiple lawsuits, cryptocurrency stablecoin issuer Tether (USDT) received a request from prosecutors asking for consolidation, combining three lawsuits into one, which Tether has not denied. “We did not oppose the plaintiffs’ requests to combine these frivolous claims, originally filed, respectively, in October in New York, in November in Washington and in January in New York,” reads a Tether statement shared with Cointelegraph via email […]

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Uncovering the Motives Behind North Korea’s Crypto Conference

The U.N. and other experts have warned against attending North Korea’s upcoming crypto conference, questioning the motives behind the event. On Jan. 15, the United Nations warned that attending North Korea’s cryptocurrency conference in February will likely constitute a sanctions violation. According to Reuters, this notice was issued in a confidential report that will be submitted to the U.N. Security Council later this month. The warning comes after a series of events sparked suspicion around North Korea’s growing interest in blockchain and cryptocurrency. In August, a panel […]

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Russia’s New Prime Minister Has an Opinion of Cryptocurrencies

The Russian Federation has a new prime minister, Mikhail Mishustin, with a track record of statements regarding cryptocurrencies and an affection for digitalization. A stated goal of his government will be to turn the country into a digital platform “for the people.” Time will tell, however, whether his plan encompasses the legal use of decentralized digital currencies. Also read: Direct Democracy Party to Solve Issues With Crypto Rights in Russia Russian President to Lose Powers, After Putin Mishustin was appointed head of the Russian government shortly after […]

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Cointelegraph Partners With Oxygen7 to Raise Funds for Australia Relief Efforts

Using the power of cryptocurrency and mobilizing the crypto community for good. January 16, 2020 — As a company, Cointelegraph cares about the environment and the world in which we all live. The wildfire crisis in Australia has mobilized us as an organization to take action to help the current recovery efforts down under. Cointelegraph is pleased to announce a partnership with ecological preservation organization Oxygen Seven. We have created a bitcoin donation fund with all money raised going directly to the Australian Wildfire Fund (https://aussieark.org/). Helen […]

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Chainalysis Finds Terrorists Are Refining Crypto Financing Operations

A new study by Chainalysis finds that terrorists are refining their financing operations using cryptocurrency. A new study by Chainalysis finds that terrorists are refining their financing operations using cryptocurrencies.  Faster and broader funding Earlier today, Jan. 17, the blockchain analysts identified Izz ad-Din al-Qassam Brigades (AQB), Hamas’s military arm and noted terrorist organization, as the first confirmed case of terrorists using cryptocurrency to aid their activity. AQB used a website to generate a new Bitcoin address for each donor to deposit funds. It included a how-to […]

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Video: Reviewing the Billfodl Multishard

Bitcoin Magazine reviewed the Billfodl Multishard, a two-of-three stainless steel recovery seed storage device that allows you to split your seed into three shards, ensuring that, even if someone finds one part of your phrase, they won’t be able to steal your funds. Each shard allows you to store up to 16 words of your seed phrase, and each unit tells you which 16 out of the 24 total words to load up. Shard One houses words 1 to 16, Shard Two houses words 9 to 24 […]

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Ugandan Victims of Dunamiscoins Scam Petition Gov’t for Lost Investments

Over 5,000 victims of the alleged crypto pyramid scheme Dunamiscoins have petitioned the Ugandan Parliament asking to refund money lost in the scam. Over 5,000 victims of the alleged cryptocurrency pyramid scheme Dunamiscoins have petitioned the Ugandan Parliament asking to refund money lost in the scam. Arthur Asiimwe, the leader of the petitioning group who presented the request to the Parliament’s speaker Rebecca Kadaga, claims that the government has licensed the alleged scam firm, according to an official announcement by the Parliament of Uganda on Jan. 16. […]

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Telegram CEO’s 18-Hour Deposition Transcript Is Published Online

In line with a November court ruling, Telegram CEO Pavel Durov gave a deposition regarding alleged violation of U.S. securities law by Gram token sale. Telegram CEO Pavel Durov gave a deposition regarding the company’s alleged violation of United States securities law by conducting $1.7 billion Gram token sale in 2018. In line with a relevant court order, the deposition was held on Jan. 7 and Jan. 8 before a court reporter designated by the court reporting service engaged by plaintiff represented by the United States Securities […]

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Three Days From Hearings Before India’s Supreme Court on Crypto Ban

Three days of the Supreme Court of India’s hearing on the ban on bank interactions with cryptocurrencies throughout the country. The Supreme Court of India has wrapped up the first three days in a hearing on a landmark case brought against the country’s central bank against its ban on banks’ dealings with cryptocurrency-related businesses. From Jan. 14 through 16, proceedings were focused on arguments presented by Ashim Sood, the legal counsel for the the Internet & Mobile Association of India (IAMAI). IAMAI is a not-for-profit industry body […]

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SEC’s CryptoMom Wants US to Learn From Chinese Digital Innovation

The U.S. should learn from other countries, especially China, on digital currency, says SEC commissioner Hester Peirce. The United States could learn from China’s innovations in digital currency, says Securities and Exchange commissioner Hester Peirce.  Fielding questions via webcam at this week’s Crypto Finance Conference in Switzerland, the public sector leader known as CryptoMom, called for the U.S. to:  “Learn from what other countries are doing and take the best of what they’re doing and reject the worst of what they’re doing.”  China outpacing U.S. on digital […]

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