Blockchain giant Ripple announced the formation of a strategic partnership with popular money transfer company MoneyGram (MGI) today for cross-border payments and foreign exchange settlement using XRP. In a strategic partnership, Ripple will become @MoneyGram‘s global partner for cross-border payment and foreign exchange settlement, using XRP. https://t.co/4YlnFWy1ha https://t.co/aJnchpzj5k pic.twitter.com/cyald9sikr — Ripple (@Ripple) June 17, 2019 […]
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Small Cap Fantom (FTM) Becomes the Latest Project to Join Binance Chain
Fantom (FTM), a Directed Acyclic Graph (DAG) based smart contract platform that aims to solve the scalability issues of distributed ledger technologies, has become the latest project to announce its intentions to join the Binance Chain ecosystem. We are pleased to announce that we are joining the Binance chain family! We’re extremely excited to share […]
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Latest Hack Sparks Concern Whatsapp Will Never Be Secure
Facebook’s popular messaging app with 1.5 billion users in over 180 countries has another major vulnerability. Hackers were able to covertly install spyware on iOS and Android smartphones using Whatsapp with just a phone call. “All of their security issues are conveniently suitable for surveillance, and look and work a lot like backdoors,” said Telegram’s founder, who doubts Whatsapp will ever be secure.
Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request
Op Ed: Understanding the Latest FinCEN Guidance for Cryptocurrencies
On May 9, 2019, the Financial Crimes Enforcement Network (FinCEN), issued new “interpretive guidance” about how its regulations apply to businesses that conduct money transmissions in virtual currencies.
In summary, a money services business (MSB) needs to register with FinCEN, (which is free and done through Form 107); get an AML compliance policy that specifies what KYC information will be collected (and aims to catch and prevent money laundering and terrorism); designate a compliance officer to monitor transactions and file suspicious activity reports for activity that looks suspicious and file currency transaction reports for transfers over $ 10,000; and adhere to record-keeping requirements. Crypto-to-crypto or crypto-to-fiat conversion is treated in the same way.
Delphi Digital’s Latest Report Says Bitcoin’s Market Cycle Is Right on Track
Delphi Digital has returned with another installment of its unspent transaction output (UTXO) reports. Recalling its report from January of this year, the research firm says bitcoin’s market cycle is right on track. The prior report called Q1 as the bottom of the bear market, and this claim was later corroborated by Adamant Capital’s own evaluation.
As before, Delphi Digital’s evaluates UTXOs as presages of market buying and selling, and by extension, the future trajectory of the market. UTXOs is a technical way of describing the last time bitcoin was moved by looking at the last block a transaction was included in.
With Latest Partnership, Ledger Vault Offers a Fix to Crypto’s Custody Problem
Within the sphere of traditional finance, at least, crypto has a custody problem. The problem? Crypto is complicated, security is tricky and — if we’re being frank — the suits don’t know a bit from a byte (or a blockchain from a cloud server).
In fact, you could rightly say that what makes crypto, well, crypto actually makes them nervous. Unlike settling traditional assets, you can’t reverse a bitcoin transaction, the blockchain offers no internal or centralized controls and there’s no one to go to if you muck up a transaction. Bitcoin is everything that the traditional finance sector is not, so it’s understandable that Wall Street and friends would be wary of holding an asset they don’t understand and can’t control.
Here’s the Latest Blockchain Project Gaining Mainstream Attention
Every so often, the mainstream tech and investing media pick up on a new project or platform within the blockchain industry. This is precisely the case when it comes to Cosmos (ATOM), a decentralized network of independent parallel blockchains, each powered by BFT consensus algorithms… You must be a subscriber to continue reading Members can login […]
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Totino’s Becomes the Latest Sponsor of 100 Thieves
Totino’s, the delicious maker of frozen pizza rolls owned by General Mills (GIS), has become the latest sponsor to back major esports organization 100 Thieves (100T). 100 Thieves Call of Duty has drastically improved since the CWL Qualifiers. Reasons being: ✅ Acquired coach ✅ Fixed Hardpoint ✅ Checked egos But most importantly, we discovered our new go-to […]
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Bitmain Unveils Its Latest Energy-Efficient Mining Chip for Bitcoin
China-based mining giant Bitmain has announced a new mining rig that uses less power. The hardware mining manufacturer has launched a 7nm application-specific integrated circuit (ASIC) processor dubbed the BM1397.
Beyond energy efficiency, the new mining processor promises to achieve faster performance for mining cryptocurrencies that use the SHA256 algorithm for their proof of work (PoW), including Bitcoin and its hard forks.
Like the BM1391 chip that came before it, the BM1397 will be powered by the advanced semiconductor manufacturing technology called the 7nm FinFET process, integrating more than a billion transistors and “optimized for maximum efficiency."
Drivechain Creator’s Latest Paper Sparks Debate Over Bitcoin’s Future Security
Drivechain developer Paul Sztorc has the cryptocurrency community riled up over his latest blog “Security Budget in the Long Run.” The essay discusses the economics of BTC network fees over a long period of time and suggests rather than giving up the fees to competition, a dominant protocol should collect fees “from all networks.”
Also Read: More Than 30% of BTC Traffic Stems from the Veriblock Project
Coinbase Offers $3 Worth of Zcash (ZEC) in Latest “Earn” Listing
San Francisco-based Coinbase announced Friday that privacy coin Zcash (ZEC) has become the latest project to be featured in Coinbase Earn, a new section of the website that allows users to earn cryptocurrency while learning by completing specific tasks like watching videos. While previous additions to the Earn program, like Basic Attention Token (BAT), have been welcomed by the crypto […]
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Latest XRP Ledger Release Boosts Censorship Resistance and More
Blockchain payments firm Ripple has announced the latest release of XRP Ledger, including code that toughens its resistance to alteration.
CoinDesk
CryptoDungeons Becomes the Latest Blockchain Game to Join TRON (TRX)
CryptoDungeons, a Final Fantasy-esque blockchain RPG, is the latest game to join the TRON (TRX) network via a collaboration with Tron Arcade, the project’s $ 100 million blockchain gaming fund. Excited to announce our collaboration with @CryptoDungeons https://t.co/XdaJN23svi #blockchain #crypto #gaming pic.twitter.com/OVYY8lsdNK — TRON Arcade (@TRONArcade) February 9, 2019 According to the announcement, CryptoDungeons was initially developed […]
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Zcash (ZEC) Becomes the Latest Cryptocurrency Listed on eToro
Tel Aviv-based trading app eToro announced this week that Zcash (ZEC) has become the latest altcoin to join the growing list of tradeable digital assets. Zcash is now available on eToro. As our selection of cryptocurrencies continues to grow and expand, we are happy to introduce the most recent addition: Zcash. You can now buy and sell […]
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Samsung Becomes the Latest Sponsor of Gen.G Esports
Gen.G Esports, a global esports organization that fields teams in League of Legends, PUBG, Clash Royale and Heroes of the Storm, has reportedly landed Samsung as its newest sponsor. According to a recent report by Venture Beat, the new partnership will bring the latest high-capacity, high-performance SSDs from Samsung, along with financial support to Gen.G. The report […]
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Snapparazzi – Post-ICO Journey – The Latest Announcements (CoinMarketCap, Exclusive Stack Bonus Incentive, Recruitment and App Development)
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Circle’s USDC Stablecoin Fully Dollar Backed, Says Latest Auditor’s Report
Crypto finance startup Circle’s USDC stablecoin was fully backed with fiat reserves at the close of 2018, according to auditing firm Grant Thornton.
CoinDesk
Binance Showcase Decentralized Exchange Progress in Latest Video
Binance just offered its users an in-depth sneak peek of its forthcoming decentralized exchange (DEX). Announced in March of 2018, the decentralized exchange will be built on Binance’s own Binance chain, the soon-to-be base layer for BNB, Binance’s trading currency that is currently an ERC-20 token.
A December 4, 2018, YouTube video posted by Binance’s official channel showcases the work the Binance DEX has undertaken on the project since its last update.
Displaying the exchange in a testnet view, a representative from the Binance DEX team gives viewers a rundown of its main features: its web wallet, reading interface and built-in block explorer. The DEX, he reveals, will be available for users to trial “on a testnet soon.”
One Week Later: The Latest Developments in the Bitcoin Cash Split
Bitcoin Cash, the “big block” project that forked away from the Bitcoin blockchain in August 2017, “hard forked” (split) into two different coins last week: “Bitcoin Cash ABC” (BCHABC) and “Bitcoin Cash SV” (BCHSV).
One week later, the Bitcoin Cash ABC chain has accumulated more proof of work and has been “ahead” of the Bitcoin Cash SV chain practically since the split. Its native currency, BCHABC, is also trading higher on exchanges. Most Bitcoin Cash ABC proponents, therefore, feel victorious — but not all Bitcoin Cash SV proponents consider the battle to be over just yet.
Op Ed: SEC’s Latest Declaration Creates Legal Minefield for Digital Assets
On November 16, 2018, the U.S. Securities and Exchange Commission (SEC) issued a public statement clarifying its intent to regulate activities involving the issuance and trading of digital assets. The SEC’s Statement on Digital Asset Securities Issuance and Trading pronounces that three categories of financial services that utilize blockchain or other distributed ledger technologies (DLTs) are within the purview of the SEC and require registration with the SEC unless exempt. This broad, authoritative declaration is not unexpected, as, to date, the SEC has stated that all digital assets — regardless of whether they function as alt coins or utility tokens — are securities at least initially and, thus, subject to its jurisdiction.
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