Monthly Archives: April 2019

Coinbase Reveals Hot Wallet Coverage Up to $225 Mln Via Lloyd’s of London Broker

Coinbase has revealed details of its insurance coverage for its hot wallet crypto holdings, reportedly covering a $255 million limit via a Lloyd’s of London-registered broker. Major American cryptocurrency exchange Coinbase has revealed details of its insurance coverage for its hot wallet crypto holdings, reportedly covering a $255 million limit via a Lloyd’s of London-registered broker. The details were disclosed in an official blog post from Coinbase’s Chief Information Security Officer (CISO) Philip Martin on April 2. According to Martin, Coinbase has held an insurance policy covering […]

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A Guilty Verdict, Impatient Creditors and a Resurrecting Movement: Mt. Gox Saga Continues

A recap of the latest news surrounding the Mt. Gox saga. It is one of the biggest cryptocurrency hacks of all time and still remains the biggest Bitcoin (BTC) hack the world has ever seen. The 2011, a security breach on Mt. Gox’s platform, the now-defunct Japanese cryptocurrency exchange, saw 850,000 Bitcoin stolen. Although 200,000 BTC have since been recovered, the subsequent closure of the exchange in 2014 left 24,000 creditors in its wake. Eight years later, the story continues with its villainized ex-CEO, Mark Karpeles, at […]

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Brian Kelly Says Next Target for Bitcoin is $6,000, With Crypto Markets Bottoming

Cryptocurrency bull Brian Kelly has predicted that the next Bitcoin target is going to be $6,000. Brian Kelly, the founder and CEO of digital currency investment firm BKCM LLC, said that the next Bitcoin (BTC) target is going to be $6,000, CNBC reported on April 2. During an interview on CNBC’s “Futures Now” show, Kelly stated that “probably a reasonable target [for Bitcoin] is close to $6,000 for this move.” Kelly’s statement comes in the wake of a price surge elast night when the leading coin skyrocketed […]

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Puerto Rico Approves Combination Bank for Fiat and Digital Assets

The San Juan Mercantile Bank & Trust International (SJMBT), a new bank in Puerto Rico catering to cryptocurrency traders, is now fully operational. SJMBT announced its receipt of all appropriate licensing from Puerto Rican regulatory officials to begin offering “fiat and digital asset custody and settlement services,” which are “to be integrated with the trading platforms offered by its affiliate, the San Juan Mercantile Exchange (SJMX).” The combination of both fiat and digital asset services may be an advantageous offering for SJMBT customers. “Deposits of fiat currency […]

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Austrian Economics Minister: ‘We Do Not Need Regulation for Blockchain’

Austrian Minister for Digital and Economic Affairs Margarete Schramboeck said that “we do not need regulation for blockchain.” Austrian Minister for Digital and Economic Affairs, Margarete Schramboeck said that “we do not need regulation for blockchain,” technology-focused media outlet Trending Topics reported on April 2. Schramboeck — who previously served as CEO of major Austrian fixed and mobile network operator A1 Telekom Austria — delivered her comments during the ANON Blockchain Summit discussion panel dedicated to “The role of government in the age of blockchain”. Speaking about […]

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Global Blockchain Applications in Telecoms to Generate $1.37 Billion by 2024: Report

Irish global market research firm Research and Markets added a report on global blockchain adoption in the telecoms industry. Global blockchain applications in telecom will generate $1.37 billion in revenue by 2024, according to a press release by Research and Markets published on April 2. The report, dubbed “Global Blockchain in Telecom Market Forecast up to 2024,” Irish global market research store Research and Markets forecasts blockchain adoption in telecoms to grow at a compound annual growth rate (CAGR) of 77.9 percent during the forecast period. According […]

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Crescent Cash Becomes the Third BCH Light Client to Adopt Cash Accounts

There’s a new open source bitcoin cash (BCH) wallet called Crescent Cash which uses the Cash Accounts protocol by default. The new application was designed by the programmer Pokkst who built the wallet for simplicity by allowing BCH users to send funds to a specific username as opposed to a long alphanumeric address. Also read: Bitcoin Cash Markets and Network Gather Strong Momentum in Q1 Crescent Cash Wallet Supports Cash Accounts by Default On Monday, April 1, the programmer behind the recently published Bchgallery wallet released a […]

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The Latest Brave Browser Beta Features Brave Ads for Testing

The latest Brave Browser Beta apparently features Brave Ads available for testing (the Beta version of the browser is a separate install and will not affect an existing installation of the official Brave browser if already installed!). After activating Brave Rewards users can opt in to view private ads and will be able to claim BAT tokens accumulated for having viewed ads. At the moment the only setting you have available for the Brave Ads is the number of ads you will be shown per hour (1 […]

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Paxful Introduces AI-Powered, Biometric Verification to Improve KYC and AML

The peer-to-peer bitcoin marketplace Paxful announced today, April 2, 2019, that it’s introducing AI-powered identity verification to help improve know-your-customer (KYC) and anti-money laundering (AML) procedures on the platform. Teaming up with Jumio, a digital identity and address verification company, Paxful is hoping that this added verification will help to minimize fraud risk. Speaking to Bitcoin Magazine, Ray Youssef, co-founder and CEO of Paxful, said that the platform was already emphasizing account verification as a way to prevent fraud. “Prior to implementing Jumio, we had a zero-tolerance […]

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Ernst & Young Argues That Crypto Exchange QuadrigaCX Should Be Placed in Bankruptcy

Ernst & Young has argued that the now-shuttered Canadian crypto exchange QuadrigaCX should be placed in bankruptcy rather than undergo restructuring. Big Four audit firm Ernst & Young (EY) has argued that the now-shuttered Canadian crypto exchange QuadrigaCX should be placed in bankruptcy instead of being restructured as part of ongoing creditor protection proceedings. EY proposed the course of action in its “Fourth Report of the Monitor” filed with the Supreme Court of Nova Scotia on April 1. As previously reported, QuadrigaCX reported it had lost access […]

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