Recent news broke about the publishing of ADN’s official press releases on cryptocurrency news outlets like CoinTelegraph, CCN, and BitcoinMagazine. This was soon followed by announcements revealing the successful listing of ADN Coin on premier cryptocurrency exchanges like BitForex and Coinbene. Final preparations are underway, and many in the ICO community are anticipating the launching of ADN’s mainnet. To satisfy our curiosity, we contacted Tad Einstein, CIO of ADN. He is working alongside ADN’s CTO in developing the ADN mainnet. In a Nutshell The primary purpose of the ADN platform, according to an exclusive interview with Tad, is to ”re-instill”
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.
The Understanding Bitcoin conference held in Malta from April 5 to April 7, 2019, was all about turning regular Bitcoin users into power users.
Bitcoin hardware and software is often more configurable than people realize (or they do realize this but are unable to take advantage of it). Spread throughout the conference were 18 demos by leading Bitcoin developers and experts illustrating how to make the most out of available Bitcoin tools.
For your convenience, here is an overview of all of the demos:
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There is a popular belief among people that cryptocurrencies are private and untraceable, explaining their association with illegal transactions. In truth though, this is not the case, for example with bitcoin, all transactions are recorded on a public ledger (blockchain) which allows for anyone to view and verify transactions. Monero, however, is not like bitcoin but is rather focused on untraceability. According to Monero’s website, “Monero is a secure, private, untraceable currency.” The currency uses a special cryptography to ensure privacy making all transactions untraceable.