Category Archives: Crypto Daily

A “Law-Abiding” Blockchain Alternative for India’s Financial Exchanges

On April 5, 2018, a blow to bitcoin occurred when the Reserve Bank of India (RBI) banned banks and regulated financial entities from dealing with cryptocurrency. Despite the media report that 10 percent of Bitcoin transactions happen in India, the news does not come as a surprise, considering how the nation has clamped down on cryptocurrency regulation so far this year. Since 2013, the nation’s financial regulators have warned about the difficulties of controlling cryptocurrencies and, like most other stricter regulatory governments, preventing the new asset classes’ […]

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Nano to Match $1M in Legal Fund Donations to Support BitGrail Hack Victims

The battle over who was at fault when millions of nano (XRB) vanished from an Italian cryptocurrency exchange earlier this year rages on. In the latest twist to the story, the Nano Foundation is launching a legal fund to support the victims and says it will match up to $1 million in donations. Stepping back, in February 2018, 17 million XRB, worth $170 million at the time, went missing from BitGrail, rendering the exchange insolvent. Accusations and speculation followed. BitGrail owner Francesco Firano (better known by his […]

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14-Year-Old Developer Builds Uncensorable Voting Platform

This week news.Bitcoin.com spoke with Alex Pasfield a fourteen-year-old developer who created a new tool called ‘Bitcoin Voice,’ a platform that enables uncensorable voting for subjects within the bitcoin cash community. Also Read: Bitcoin Cash Tip Bots Are Making Rounds Across Social Media Bitcoin Voice: A Verifiable Voting Record of Blockchain Users Weighted by Their Transaction Amounts News.Bitcoin.com spoke with a fourteen-year-old developer who has been working on cryptocurrency projects lately and who has been coding since the age of nine. Recently Pasfield, otherwise known as ‘Plain Crypto’(@Plaincrypt), […]

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Bitcoin Mining Manufacturer Canaan May Seek an IPO in Hong Kong or the US

Securities investors may be able to get more exposure to the bitcoin market soon as one of the leading mining producers, Canaan, is thinking about going public. Everyday people may soon be able to mine cryptocurrency right on their smart TVs, if the company has its way. Also Read: Stanford, Wharton and Georgetown Expand Bitcoin Business Classes Canaan Rules out IPO on Chinese Stock Exchanges? Canaan Creative Co. Ltd, the Chinese company behind the Avalon lineup of hardware equipment which produces ASIC mining chips and rigs, is […]

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Over 50 Teams Enter £5 Million Bitcoin Cash Tokenization Contest

A great multitude of groups have entered the race to tokenize bitcoin cash (BCH). Developers are energized by a £5 million prize to bring this functionality to the cryptocurrency’s ecosystem, which means we might soon see smart contracts implemented with BCH. Also Read: Stanford, Wharton and Georgetown Expand Bitcoin Business Classes £5 Million in Bitcoin Cash Prize More than 50 teams have entered a bitcoin cash (BCH) tokenization challenge, which is meant to help make the cryptocurrency into a “cornerstone of a globally distributed economy.” The contest […]

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$1.6 Billion Chinese Fund Launches in Support of Blockchain Startups

Blockchain startups in China now have a new source of funding they can tap into. Today, April 9, 2018, the Xiong’An Global Blockchain Innovation Fund launched with $1.6 billion (10 billion yuan) to funnel into promising Chinese blockchain startups. The announcement took place during the grand opening of the Hangzhou Blockchain Industrial Park in China. The industrial park, which will also serve as an incubation center for the startups, is located in one of the biggest tech hubs in China, Hangzhou city in Zhejiang province, home to […]

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Venezuela Approves Decree on the Use of Cryptocurrencies

Venezuela’s National Constituent Assembly has approved the decree on the use of cryptocurrencies and the country’s new “oil-backed” currency, after repeatedly declaring the Petro illegal. The new currency began its initial coin offering last month as the Venezuelan president continues to strongly push its use. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Decree on Cryptocurrencies Approved The Venezuelan National Constituent Assembly (ANC) has approved the draft Constituent Decree on Cryptoassets and the Petro, the country’s government announced last week. The decree was presented […]

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Here’s How Taxes Are Harming Bitcoin’s Usefulness as a Payment Method

While most of the early buzz around Bitcoin centered on it as a new, fast, cheap and permissionless method of online payment, the focus has moved from medium of exchange to store of value over the past few years. It’s clear that bitcoin is useful for censorship-resistant payments that may not otherwise be possible without this new technology, but much more of the recent hype has been around tracking the price more than anything else at this point. Although general activity on the Bitcoin network has continued […]

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The @Bitcoin Twitter Account Is Back

The suspension on Sunday of @Bitcoin, one of the oldest and most popular Twitter accounts, has raised a raft of questions. Suspensions of high profile Twitter accounts are rare and are usually accompanied by some sort of official explanation, with doxxing or harassment usually cited. With no official word on why @Bitcoin was suspended and then reassigned, speculation has abounded. But in the last few hours, signs have emerged that the account has been reactivated and returned to its original owner. Also read: Who Controls the @Bitcoin Twitter […]

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New “Know-Your-Transaction” Tool Enables Enhanced Blockchain Investigation

Cryptocurrency investigation enterprise Chainalysis is releasing a product called Know Your Transaction (KYT) designed to help businesses track customers that may be involved in illicit cryptocurrency-related activity. The company’s clientele includes the Federal Bureau of Investigation (FBI), the Drug Enforcement Administration (DEA) and Europol. Per a recent blog post, Chainalysis stated that it holds a lot of faith in both cryptocurrencies and blockchain technology: “Blockchains create new ways for people to build trust among themselves and transact using cryptocurrencies. Cryptocurrencies have, in turn, inspired people to reimagine […]

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