Monthly Archives: January 2020

British Telecoms Giant Latest Member to Bail on Libra Association

Vodafone and Libra confirm that the British telecom giant will leave the Libra Association. Adding to a lengthy list of departures last fall, telecom giant Vodafone has departed the Libra association, a spokesperson from Vodafone confirmed to Cointelegraph in an email on Jan. 21, 2020.  The representative said: “Vodafone Group has decided to withdraw from the Libra Association. We have said from the outset that Vodafone’s desire is to make a genuine contribution to extending financial inclusion. We remain fully committed to that goal and feel that […]

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Why User Experience Is Crypto’s True ‘Killer App’

There’s been a lot of buzz in the space recently about the importance of user experience. Kim Dotcom’s proclamation that “Mass utility is going to lead to mass adoption,” speaks to this. Peter Schiff’s bitcoin wallet fiasco, CZ’s claim that centralized exchanges are safer than private wallets, and promises of a still undependable Lightning Network as salvation all point to the same. As cashless payment systems proliferate around the globe, one thing becomes crystal clear: crypto doesn’t need a killer app – it is the killer app. […]

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Ether, XRP, and DASH Push Higher as the Altcoin Market Gains Momentum

Large-cap altcoins have staged strong rallies over the past week, pushing the altcoin market cap higher and closer to bull market territory. Altcoins have been stealing the show recently, as some large caps have seen tremendous surges along the field. Bitcoin Cash ABC (BCH), Bitcoin Cash SV (BSV), Dash (DASH), and Ethereum Classic (ETC) have all shown increases of more than a hundred percent recently but it is a bit premature to be calling for celebrations at the new altcoin season? Perhaps no, but at least it’s […]

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Circle’s Jeremy Allaire: Asset Tokenization Will Go Mainstream in Two Years

Circle’s CEO, Jeremy Allaire, projected that in the next two or three years the possibility of securitization of assets through tokenization will become more realistic. Jeremy Allaire, CEO of crypto payments firm Circle, projected that in the next two or three years the securitization of assets through tokenization will become much more realistic. Speaking at the World Economic Forum in Davos on Jan. 21, Allaire and Neha Narula, the director of the Digital Currency Initiative in the MIT Media Lab, discussed how tokenization can make liquid assets […]

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How Not to Lose Your Coins in 2020: Alternative Recovery Methods

We explore the state-of-the-art in safe storage of cryptocurrency as debates sparked by Peter Schiff’s alleged loss of his funds continue. When Peter Schiff claimed that his wallet lost his Bitcoin (BTC), many in the crypto community were skeptical. While some believe that Schiff simply lost his password, others, like Ethereum co-founder Vitalik Buterin, highlighted that losing private keys remains an important issue for cryptocurrency users. Being your own bank is hard Keeping custody of your own cryptocurrency is quite complex, especially for non-tech savvy users. Most […]

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Deribit Releases Specifics of New KYC Policy Following Move to Panama

Deribit, a crypto futures and options exchange moving from the Netherlands to Panama to avoid new E.U. regulations, has clarified its new AML policy. Deribit, a crypto futures and options exchange that is moving from the Netherlands to Panama to avoid Europe’s new Anti-Money Laundering law has released its newly updated Know Your Customer (KYC) policy. In a Jan. 17 blog post, Deribit clearly said that its relocation to Panama has been mainly caused by the new Anti-Money Laundering Directive (5AMLD), a major European law that aims […]

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Finance Will Fall Behind Without Innovation, Experts at Davos WEF Say

The world of mainstream finance may fall behind without technological innovation, according to multiple experts’ comments at the Davos WEF. If mainstream finance does not adopt new technologies, such as those seen in blockchain and crypto, they will fall behind, according to a few experts’ comments at the World Economic Forum (WEF) in Davos Switzerland.  Answering a question on comparing this year’s event to last year’s, Monero’s former lead maintainer Riccardo Spagni noted the same presence of “old school” bank and regulatory personalities.  Spagni, also known as […]

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EGifter First BitPay Merchant To Accept XRP Cryptocurrency

EGifter becomes the first merchant to accept XRP through BitPay, creating new and practical uses for the digital asset. BitPay, a leading provider of Bitcoin and cryptocurrency payment services, announced on Jan. 21 the launch of XRP payments and cross-border transfers. BitPay has also added support for XRP — the cryptocurrency used by Ripple’s payment network — to the BitPay Wallet app.  Although rumors were circulating on Jan. 20 across Twitter and Reddit that BitPay had added support for XRP, the company officially confirmed its work with […]

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Huobi Debuts Crypto Brokerage as Its Institutional Arm Grows 400% Since Q3 2019

Huobi, the fifth-largest crypto exchange by daily trading volume, will now provide crypto brokerage service to its institutional clients. Major cryptocurrency exchange Huobi is launching its first licensed digital asset brokerage, Huobi Brokerage. Huobi, the fifth-largest crypto exchange by daily trading volume as of press time, will now provide brokerage service to its institutional clients, the firm said in a Jan. 21 press release to Cointelegraph. Huobi Brokerage provides simultaneous access to other exchanges and OTC desks via smart order routing Announcing the news at the annual […]

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UK Tax Agency to Pay $100K for Blockchain Surveillance Software

On January 17, the UK tax agency Her Majesty’s Revenue and Customs (HMRC) published a job opportunity for a private contractor to design a cryptocurrency blockchain analysis tool. According to the listing, the contract is for one year and HMRC will pay the contractor $100,000 for software that can “identify and cluster crypto asset transactions.” Also read: Britain’s Tax Authority Updates Crypto Guidelines HMRC Wants a Blockchain Analysis Tool and Is Willing to Pay $100,000 Governments worldwide have been cracking down on cryptocurrency holders in order to […]

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