Monthly Archives: June 2020

Website Compiles List of KYC-Free Exchanges, Along With Some Warnings

The website Kycnot.me has compiled a list of cryptocurrency exchanges that do not require identity verification to preserve the independence of crypto. A new website seeking to compile an active list of every cryptocurrency exchange that welcomes traders in some capacity without forcing them to hand over personal information through know-your-customer, or KYC, verification. Kycnot.me is only concerned with exchanges that support Bitcoin (BTC) or Monero (XMR), asserting that BTC is the largest crypto asset with the most adoption and XMR offers the strongest privacy protections. Website […]

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Cryptocurrency News From Japan: June 7 – June 13 in Review

Japan’s minister of finance questioned crypto terminology, a company joined the Japan Security Token Association and more headlined news from Japan this past week. This week’s headlines from Japan included Japan’s minister of finance spurring conversation on crypto terminology, Merkle Science joining the Japan Security Token Association, Fobi Japan listing its own token, and Coincheck unveiling a digital meeting and voting solution.  Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. Japanese politician talks about crypto terminology confusion Taro Aso, Japan’s […]

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Whales Make Waves, Super Heroes Rise, and Bank Accounts Freeze: Bad Crypto News of the Week

Check out this week’s Bad Crypto podcast. Bitcoin has spent the last week bashing away at that $10,000 ceiling without quite managing to break through—even as it gained more than 1.5 percent over the last seven days. Analysts have put the failure to rise into five figures down to three factors: a meeting of the Federal Reserve’s Federal Open Market Committee which suggested that the jobs market has hit bottom; the liquidation of $14 million worth of short contracts; and an ongoing market reluctance to accept a […]

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Blackmail is Behind Multi-Million ETH Transfer Fees, Say Researchers

Researchers have concluded that the recent Ether transfers that spent over $5 million in gas fees are the result of hackers trying to extort a compromised exchange. Over the past week, the crypto community has been left befuddled by three small Ether (ETH) transfers that incurred millions of dollars in fees. However, new reports have given weight to speculation that the seven-figure fees may have been deliberately spent as part of a blackmail scheme targeting a cryptocurrency exchange, with Chinese blockchain analysis firm PeckShield concluding that the […]

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It Is Time for Databases to Get Fully Decentralized

To become truly decentralized, blockchain projects should remove dependency on the centralized cloud providers used as their data storage. Across Europe, a privacy row has been brewing over various efforts to use coronavirus contact tracing technology. Contact tracing is the cornerstone of the efforts to track the spread of COVID-19 in an attempt to prevent a second wave by quarantining those exposed to the infection. After all, it proved to be successful in China and South Korea. However, the contact tracing efforts in China and South Korea […]

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JPMorgan: Bitcoin’s Market Structure More Resilient Than Currencies, Equities, Treasuries and Gold

JPMorgan’s strategists have reportedly found bitcoin’s market structure to be more resilient than those of currencies, equities, Treasuries, and gold. In a new report on bitcoin’s stress test, JPMorgan wrote that cryptocurrencies have “longevity as an asset class.” In a new report entitled “Cryptocurrency takes its first stress test: Digital gold, pyrite, or something in between?” JPMorgan’s strategists say bitcoin is looking “mostly positive,” Bloomberg reported Friday. The report, led by head of U.S. interest rate derivatives strategy Joshua Younger and cross-asset research analyst Nikolaos Panigirtzoglou, shows […]

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Exclusive: Wilshire Differentiates its Fund From Grayscale, Says “Investors Deserve More”

Wilshire tells Cointelegraph how its publicly listed Bitcoin fund will differ from other U.S. competition. The founder of investment firm Wilshire Phoenix, William Herrmann, said his firm’s recently filed U.S. Bitcoin fund notably differs from anything else currently on the U.S. market, based on its Bitcoin price sourcing and involved third parties. In an email exchange with Cointelegraph, Herrmann didn’t mention Grayscale’s Bitcoin Trust by name, but Grayscale is the most well-known U.S. product in the space. “The digital asset market has obviously experienced exponential growth, but […]

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Survey Respondents Are Split 50/50 Between Bitcoin & Big Banks

The proportion of people who trust big banks has fallen drastically since 2017, while the support for Bitcoin has exploded — millennials lead the way. The survey results are in — there is almost an equal split on the issue of trust: Bitcoin (BTC) or big banks. There has also been an incredible change in attitudes over the past three years on the issue. Who trusts in Bitcoin? The Tokenist surveyed 4,852 respondents in 17 countries about their attitudes towards Bitcoin. It also compared its findings with […]

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Blockchain Is Evolving Like the Internet: Who Will Be the Crypto Hotmail?

Blockchain’s evolution path is similar to the invention of the internet, and we are already in its second phase. The internet started its life over 30 years ago, and since then, it has penetrated almost every aspect of our lives. Today, it underpins virtually everything we do. In fact, it’s difficult to imagine our lives without it. The march of technology continues, and we have reached a crossroads. A different technology evolution that I predict is likely to have a similar impact on all our lives is […]

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Estonia Revokes 500 Crypto Firms’ Licenses After $220 Billion Money Laundering Scandal

Estonia has canceled 500 cryptocurrency firms’ licenses, about 30% of the total, as part of a crackdown on illicit financial flows following a $220 billion money-laundering scandal involving Danske Bank. Regulators are concerned that bitcoin exchanges and other crypto companies might be liable to using their platforms to facilitate illegal transfers, Bloomberg reported. Madis Reimand, who heads the Estonian Financial Intelligence Unit (FIU), indicated that the clampdown was a pre-emptive strike aimed at cleaning up the crypto industry. He notes that the idea is not to cripple […]

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