Monthly Archives: March 2020

Major South Korean Crypto Exchanges Help Police In Child Porn Investigation

South Korean cryptocurrency exchanges are reportedly aiding local police in a child-porn ring investigation. Four South Korean cryptocurrency exchanges reportedly are assisting local law enforcement authorities in the investigation of the so-called “nth rooms” case that has grabbed headlines nationwide. According to the report published on March 25 by Chainnews, Upbit, Bithumb, Coinone, and Korbit collaborated with the police in an attempt to reveal the identity of those involved in the child porn scandal. South Korean police had said that about 10,000 people had joined the Telegram groups […]

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IOSCO Board Unveils Report Detailing Stablecoins and Securities Regulations

The IOSCO board has released a report on stablecoin guidelines as they pertain to global regulations. The board of the International Organization of Commissions, or IOSCO, recently unveiled a write-up on stablecoins as they may overlap with current market regulations, including securities laws.   Listing several other reports and touchpoints, the IOSCO board pointed toward stablecoin structure in its March 2020 report: “Ultimately, the applicability of any IOSCO Principles or Standards to global stablecoin proposals, including those similar to the Hypothetical Case Study, will depend on their specific […]

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Mt. Gox Trustee Reveals Draft Rehabilitation Plan

Mt Gox trustee drafts rehabilitation plan that would see claims in fiat currency, BTC, and BCH processed in their requested form. The trustee for the defunct Mt. Gox cryptocurrency exchange has drafted a rehabilitation plan for creditors. The plan will see claims for fiat currencies, Bitcoin (BTC), and Bitcoin Cash (BCH) honored in their requested form, while all other crypto assets “will be liquidated into cash to the extent possible.” Mt. Gox trustee to liquidate all crypto excluding BTC and BCH Funds will be allocated toward the […]

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Tone Vays Says Proposed Digital USD is Nothing New

Trader and YouTuber Tone Vays said the U.S. Fed’s new digital dollar is nothing different than the current system. Markets trader and YouTuber, Tone Vays, says the United States’ digital dollar proposal is no different than the current system, except for its ties to the country’s federal reserve.  “There is nothing technologically new here, whatsoever,” Vays said in a March 24 YouTube video, referencing the U.S. digital dollar proposal.  “The only difference is that now, it’s like a pass-through from the Fed — as if the Fed […]

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Globalism Has Failed, Long Live Crypto

What effects does the global pandemic have on our lives, and what could help us to survive? A global pandemic has changed the world. I write this on lockdown, unable to leave my home. A global pandemic has stripped the entire state of California and over 1.5 billion people globally from our rights and freedoms in an attempt to save lives. Businesses are being shut down, people are being laid off. Even I had to step down from my position of vice president at a cloud computing […]

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VR World Somnium Space Sells 110 ETH of Virtual Land

VR platform Somnium Space sold 110 ETH worth of digital land during the first seven days of a 10-week offering. Somnium Space sold 110 Ethereum (ETH) worth of virtual land plots during the first seven days of its multi-week affair.  “During the first week of Road to SLO we have sold a total of 25 parcels for 110 ETH,” a Somnium representative told Cointelegraph. “Moreover we have seen a record high sale of a Bundle of 10 parcels from one user to another for whooping 100 ETH.” […]

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Mt Gox Bitcoins: Trustee Plans to Distribute BTC and BCH, Liquidate Forks Into Cash

On March 24, the Mt Gox creditors’ trustee from Tokyo, Nobuaki Kobayashi, disclosed a newly written rehabilitation plan for claimants looking to access some of the funds they lost in 2013. According to the new plan, Mt Gox claimants will get BTC and BCH assets alongside the possibility of receiving fiat currencies as well. Kobayashi’s latest document notes that other crypto assets will be “liquidated into cash,” but the draft does not disclose what types of digital currencies will be sold. Also read: Can’t Lock Down Bitcoin: […]

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Why Today’s BTC Difficulty Adjustment May Cause the Price to Plunge

Bitcoin mining’s difficulty will decrease tomorrow, and it may be an ominous sign for the coin’s price. On March 25, Bitcoin (BTC) mining difficulty will decrease. The last time a downward adjustment took place, Bitcoin price plummeted more than 50% percent. Bitcoin difficulty Bitcoin’s difficulty is designed to adjust every 2016 blocks — or approximately every two weeks. This adjustment is based on changes in the network’s hashrate, and occurs regularly in an attempt to ensure that the network continues to solve new blocks at a rate […]

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Just Like Bitcoin Before It, Cardano Is Banned from Wikipedia

Charles Hoskinson says Wikipedia won’t let Cardano have its own page despite it being “the most cited of all of the peer reviewed coinsâ€�. On March 24, Cardano (ADA) founder, Charles Hoskinson, streamed a YouTube video titled “On Wikipedia,” in which he berated Wikipedia for applying arbitrary commercial censorship against Cardano. Wikipedia’s censorship of Bitcoin may have led to Satoshi’s disappearance Censorship of cryptocurrency projects is as old as the industry itself. Back in 2010, even Satoshi Nakamoto was frustrated with Wikipedia’s editors for removing Bitcoin’s wiki […]

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Square Lowers Its Q1 Estimates by $800M Despite Bitcoin Success

Square, Inc. is forced to adjust first-quarter estimates by $800 million due to the coronavirus crisis despite Bitcoin’s growth. Square’s Bitcoin (BTC) revenue continues to grow, even as the popular payments app lowers its first-quarter revenue estimates by $800 million due to the coronavirus crisis. According to a company announcement on March 24, COVID-19 was not a factor in the company’s growth until around 10 days ago: “While the beginning of March was relatively in line with the company’s expectations, over the trailing ten-day period Seller GPV […]

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