Monthly Archives: March 2020

Human Readability and Privacy: BCH Can Be Sent by Email With Tips Tool, No Usernames Required

Tips.Bitcoin.com allows users of crypto to tip BCH to friends and family via email address, arguably cutting out some of the inconvenience associated with standard bitcoin address formats. Unlike Coinbase Wallet’s new username option, which achieves similar ease for transactions, sending keys via email does not require a centralized database of usernames connected to crypto wallets. The tips method is a means for using bitcoin in this fashion, and there are hints the process will become even more streamlined in the future, enabling customizable QR code payments […]

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Binance Reverses Vote in Apparent Steem Takeover, Steemit Comms Head Resigns

Binance has reversed its vote in what appeared to comprise a coordinated move to take over the Steem blockchain to the benefit of Tron’s Justin Sun. On March 3, Binance CEO Changpeng Zhao announced that the exchange had removed its votes that contributed to a sudden shift of control over the Steem blockchain. Earlier today, leading exchanges Binance, Huobi, and Poloniex came under fire for allegedly mobilizing customer deposits to vote in what has been described as a hostile takeover of popular crypto blogging platform Steemit. Steemit’s […]

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US Treasury Meets With Crypto Leaders to Discuss Industry Challenges

The United States Treasury met with prominent figures from the cryptocurrency space to discuss regulatory challenges. The United States Department of the Treasury met with prominent figures from the cryptocurrency space to discuss regulatory challenges. The Treasury announced on Mar. 2 that it along with industry thought leaders and compliance experts discussed the supervision of crypto assets. Secretary of the Treasury Steven Mnuchin said that the U.S. welcomes responsible innovation with the potential to improve the efficiency of the financial system. Still, he also highlighted the need […]

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Bitcoin Holds $8.7K as Concern Mounts Over Coronavirus Stocks ‘Party’

Reaction to financial stimulus promises among market investors is “unbelievable,â€� one commentator says, as Bitcoin firmly avoids celebrating. Bitcoin (BTC) continued to fluctuate around its key 200-day moving average price on March 3 as traders expressed mounting concern over traditional markets. Cryptocurrency market daily overview. Source: Coin360 BTC price shuns exuberance  Data from Coin360 and Cointelegraph Markets revealed a less volatile day for BTC/USD on Tuesday, press time levels centering on $8,750. After gaining 3.2% during trading on Monday, Bitcoin broadly held onto higher levels but had […]

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US Charges North Korea-Linked Chinese Nationals for Laundering Over $100 Million in Stolen Cryptocurrency

The U.S. government has charged two Chinese nationals involved in laundering stolen cryptocurrency worth $100 million from an exchange allegedly for the benefit of North Korea. They are linked to the U.S.-designated North Korean state-sponsored Lazarus Group. A total of 113 cryptocurrency accounts and addresses used to launder funds have been identified. Also read: SEC Karate-Chops Steven Seagal Over Promoting Cryptocurrency Touted as the Next Gen Bitcoin US Sanctions Two Chinese Nationals The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced Monday that […]

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US Court says $250 Million Stolen from Unnamed Exchanges

A case filed in the United States District Court last year alleges two people stole $250 million worth of virtual currency. Cryptocurrency companies may constantly be trying to improve their usability and security, but when there’s a weakness for hackers to exploit, they go big or go home. According to court documents released by Seamus Hughes at Program on Extremism, the United States District Court for the District of Columbia already convened a grand jury to issue an indictment against two individuals in a massive crypto theft.  […]

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Coinbase and Messari Employees Working Remotely due to Coronavirus

The spread of COVID-19 is causing cryptocurrency firms to implement new policies to protect employees. Just one week after releasing its plan for the coronavirus spread worldwide, Coinbase is recommending its employees prepare for the next phase, and they’re not the only ones. Coinbase CEO  Brian Armstrong sent out a Tweet to his 300K+ followers on Mar. 2 indicating the crypto firm would be directing certain employees to work from home. Within an hour, the founder of Messari, Ryan Selkis, posted a similar message stating the company […]

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Bitcoin Is Financial Instrument, Clarifies Germany, Crypto Custodians Qualify as Financial Institutions

The Federal Financial Supervisory Authority of Germany, Bafin, has issued guidance to clarify the status of cryptocurrencies and the regulations that apply to related business activities. The recommendations are based on the country’s current legislation, taking into account the latest changes. Also read: Turkey to Inspect Cryptocurrency Exchanges as Part of Government Offensive Against Online Gambling The Keepers of Your Crypto Are Financial Institutions in Germany The guidance document concentrates on the requirements for the providers of crypto custody services operating in the Federal Republic. Starting from […]

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Belgium Startup Launches Smart Chip Hardware Wallet for SLP-Based Tokens

On March 1, the Simple Ledger Protocol (SLP) developers’ Twitter account revealed a new hardware wallet card for SLP tokens created by the Belgium-based company Satoshichip. The newly designed product is the first SLP token hardware wallet on the market and it works natively with the Electron Cash SLP wallet. Also read: 13 Crypto Debit Cards You Can Use Right Now A Bitcoin Cash Hardware Wallet With a Secure Chip and Low Form Factor The Bitcoin Cash (BCH) community was pleased to hear about a new Simple […]

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US Government Sanctions Two Chinese Nationals in Connection With Lazarus Group Hack

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two Chinese nationals accused of laundering cryptocurrency that was stolen in a 2018 crypto exchange hack. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two Chinese nationals accused of laundering cryptocurrency that was stolen in a 2018 crypto exchange hack. At the same time, the Department of Justice announced an indictment for money laundering against the same two individuals. Their activity is linked to Lazarus Group, a hacking group […]

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