Monthly Archives: February 2020

CoinMarketCap CEO Hosts ‘Live’ AMA on Twitter — With No Video

In a Twitter AMA, CoinMarketCap’s secretive CEO said he may be open to “more of a live formatâ€� for future AMAs. Crypto data site CoinMarketCap hosted a “liveâ€� ask me anything, or AMA, session on Twitter with company CEO and founder Brandon Chez — but the session only included Chez on Twitter standby posting comments, not on video.  “I do value my privacy, but [am] not completely opposed to trying more of a live format in the future,â€� Chez said in a tweet when asked if the […]

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Brazil’s PIX Payments System Has the Same Spirit, but Not a Blockchain Structure

Brazil’s PIX will cut out payment intermediaries, enabling peer-to-peer and business-to-business transactions in seconds. The Central Bank of Brazil made some waves last week with its new instant payment system. While not blockchain-based, the new system, dubbed PIX, nevertheless is imbued with some of blockchain’s core attributes. Money transfers have historically been slow, cumbersome and expensive. For example, Bank A takes its fee when a payment is sent and Bank B also charges its fee when the payment is received. More intermediaries mean additional fees and sometimes […]

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Australian Court Accepts Cryptocurrency Exchange Account as Security for Legal Costs

A court in Australia has agreed that a crypto exchange account can be used as security for potential legal expenses. Acknowledging the volatile nature of decentralized digital assets, the judge nevertheless conceded that cryptocurrency is a recognized form of investment in the current uncertain financial times. Also read: Court Rejects Ripple’s Bid to Dismiss Class Action Lawsuit Filed by XRP Investors $20,000 Worth of Crypto Allowed to Cover Legal Costs Hearing a defamation claim, the New South Wales District Court was recently asked by the defendant to […]

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Malta Regulator Clarifies Legal Status of Binance

Malta is keen to preserve its reputation as a blockchain hub after clarifying that leading crypto exchange Binance is not regulated by the island country In a recent interview, a Malta parliamentarian has sought to clarify the legal status of top cryptocurrency exchange Binance within the island country. Speaking to Cointelegraph, Malta’s Junior Minister for Financial Services and Digital Economy, Bartolo Clayton, reaffirmed that Binance has never been licensed in the jurisdiction: “As informed by the Malta Financial Services Authority, which is an autonomous body not a […]

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MIT Professor: Blockchain Is Good on Its Own but Not Good for Voting

Computer scientist Ronald Rivest has said that blockchain is not the right technology for voting, although it can find proper application in a number of other areas. Computer scientist Ronald Rivest has said that blockchain is not the right technology for voting, although it can find proper application in a number of other areas. Rivest delivered his opinion at the RSA Security Conference, held in San Francisco earlier this week, technology-focused news outlet ITWire reported on Feb. 28. Rivest — who is a cryptography expert and a […]

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Price Analysis Feb 28: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LINK

If the bulls successfully defend the 200-day moving average on several major cryptocurrencies it might offer buying opportunities for traders. Recently, the chairman of Virgin Galactic Chamath Palihapitiya said that “everybody should probably have 1% of their assets in Bitcoin,” as it is “an uncorrelated hedge” to the excesses in the financial industry. He did not approve of the strategy to buy Bitcoin only when the equity markets are down. Instead, he said that investors should keep a long-term view on Bitcoin and consider it as “insurance”. […]

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Catch Nomad Capitalist Live At Playa Del Carmen

For the first time in four years, the premier offshore consulting firm Nomad Capitalist is bringing you the world’s #1 offshore conference. From September 16-19, 2020, take in the beauty of Playa del Carmen, Mexico while learning how to create a life of freedom and prosperity on a global scale. Nomad Capitalist Live is four power-packed days designed to show you “what’s working now” and teach you everything from offshore tax strategies to overseas banking and offshore companies, and from second passports and residencies to hot international […]

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Secure Encryption Key Management Modules, Explained

The encryption process generates cryptographic keys that are used to lock (encrypt) and unlock (decrypt) data. There are two forms of encryption keys: symmetric and asymmetric. Key management providers, examples While many exchanges or custodians still operate a multisig cold wallet approach, there are now several key management providers on the market. Unbound Tech is the first to offer a virtual HSM, called Crypto Asset Security Platform, or CASP, using secure MPC. It distributes private keys and transaction approval, validation and signing, among multiple approvers — including […]

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ICE Reveals Cryptocurrency Intelligence Program Targeting P2P and Darknet Markets

Budget proposals have revealed the existence of a ‘Cryptocurrency Intelligence Program’ within the US Immigration and Customs Enforcement agency. The United States Immigration and Customs Enforcement (ICE) has revealed the existence of a Cryptocurrency Intelligence Program (CIP) in the agency’s 2021 budget proposal. The proposal states that the CIP seeks to identify unlicensed capital flows taking place across peer-to-peer (P2P) marketplaces, online forums, and darknet markets. The CIP was developed by ICE’s Bulk Cash Smuggling Center (BCSC). “The BCSC has developed a Cryptocurrency Intelligence Program (CIP) which […]

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Can Bitcoin Be Seized as Self-Proclaimed BTC Creator Craig Wright Claims?

Bitcoin experts elaborate on whether self-proclaimed Bitcoin creator Craig Wright’s claims that Bitcoin can be seized to accommodate court orders are true. As Cointelegraph reported yesterday, self-proclaimed Bitcoin (BTC) creator Craig Wright claims that Bitcoin can and will be seized to accommodate court orders. What follows is an analysis of whether what he says is possible and plausible. Screenshots resurfaced on Feb. 26, show that Wright claims Bitcoin will be seized without using the owner’s private keys. Instead, it will be moved through miners and nodes coordinating […]

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