Peer-to-peer (P2P) crypto exchange Paxful is shutting down its operations in Venezuela, apparently, to comply with U.S. economic sanctions against the leftist government of disputed president Nicolas Maduro. On Tuesday, a Paxful spokesperson told news.Bitcoin.com that the exchange will now start restricting new accounts and closing old ones, as part of the shutdown process. “Current
Market capitalization and ‘flippenings’ happen to be important reflections of value for many crypto pundits and investors. Anyone who’s been in the game since 2017 will recall the heated discussions revolving around the Ether (ETH) to Bitcoin (BTC) flippening and the same commotion was caused by Bitcoin Cash (BCH) and EOS flipping top blockchains as
“Republican_win”; “Democratic_win.” These are the parameters (and call functions) for the first smart contract escrowed bet placed on Bitcoin’s mainnet. On Sept. 8, BTCPay Server founder Nicolas Dorier and Suredbits founder Chris Stewart entered the bet on the 2020 U.S. presidential election outcome using a discrete log contract (DSL), a form of smart contract that
Privacy-oriented cryptocurrencies like Monero (XMR) do not conflict with Anti-Money Laundering laws, according to a major global law firm. Perkins Coie, a Seattle-based international law firm, published a report devoted to the AML regulation of privacy coins on Sept. 15. In the report, Perkins Coie aims to dispel the purported misconception that privacy coins like
Bakkt, a regulated platform for crypto asset custody and trading owned by Intercontinental Exchange, has reported record daily trading volumes for its physically-settled Bitcoin (BTC) futures contracts. On September 16, Bakkt announced that more than $200 million worth of BTC contracts had been traded over a single day — breaking its previous record by 36%.
In our last discussion we showed how the fragmented landscape of cross-border payments is being redefined by the power of ISO standardization, and the fresh technology approach of RippleNet. Today, cross-border payments are on the cusp of transformation. Blockchain technology and digital assets like XRP can create a more frictionless cross-border payment experience. At Ripple,
Decentralized finance (DeFi) protocol Yam Finance is relaunching on September 18. Yam Finance V2, a fork of Compound (COMP) featuring a native token with an elastic supply, burst onto the DeFi scene last month — garnering more than half a billion in assets from yield farmers within 24 hours of launching. However, the unaudited V2
Bitcoin price recently saw a $2,000 correction after months straight of surging. At the start of the selloff, signs pointed to profit-taking as the primary reason for the pullback. However, after greed turned to fear, big-money investors have begun buying the blood right out from under investors who are panic-selling the cryptocurrency at a loss.
The Takeaway Political and social upheaval around the world can lead to internet censorship and interference by powerful actors. The Open Observatory of Network Interference (OONI) is allowing people around the world to monitor internet censorship and interference in their countries in a decentralized manner for free. It has created the world’s largest open dataset
Privacy coins including Monero, Dash, Grin, and Zcash pose less of a risk of money laundering than other cryptocurrencies according to a report by a global law firm. According to a new white paper released by U.S. international law firm Perkins Coie, anti-money laundering (AML) measures taken by regulatory bodies worldwide have been sufficient to
In an online event prepared by the Litecoin Foundation on Sept. 15, Litecoin (LTC) creator Charlie Lee and CipSoft CEO Stephan Vogler announced the release of LiteBringer, a role-playing fantasy game which runs on top of the Litecoin blockchain. “It’s the first major game that utilizes the Litecoin blockchain for all of its interactions,” Lee
Popular hardware wallet company Ledger added Algorand’s ALGO token to the list of wallet-compatible assets available on its desktop app, Ledger Live, allowing holders to store and stake the asset. “The integration with Ledger Live will provide users with additional opportunities to earn passive income, ensuring the highest level of control and flexibility,” Ledger’s CEO, Pascal Gauthier,
Responding to a tweet from Cameron Winklevoss, co-founder of the Gemini crypto exchange, rock star Gene Simmons said he plans to make Bitcoin (BTC) and Ethereum (ETH) more easily accessible. “It’s easier to buy Bitcoin and Ether if you are already in the old system,” Winklevoss said in a Sept. 15 tweet, summing up a
A new way of conducting token sales spearheaded by ConsenSys Codefi achieved its first success, with the planned sale of Skale Network tokens collecting just over $5 million. As Cointelegraph reported in February, the Skale token sale was the first to be launched on the Activate platform developed by ConsenSys. Its purpose is to bootstrap
Jim Cramer, the Mad Money host and The Street co-founder, said he is “fixated” on needing to own bitcoin because he fears a “massive amount of inflation.” While he owns “so much gold,” he is adamant about leaving a bitcoin inheritance to his children. Jim Cramer to Regularly Buy Bitcoin Jim Cramer is the host
Unikrn, an initial coin offering, or ICO, from 2017, faces action from the U.S. Securities and Exchange Commision, or SEC. The SEC has accused the startup of running its ICO without going through the proper legal channels, based on a Sept. 15 statement from the regulating body. The commission claims Unikrn offered an unregistered investment opportunity.