About Author:
1 Confirmation with Jeff and Dave
A graduate of English, I stumbled on cryptocurrency while trying to proofread an article for a friend back in 2011, and since then, I have been hooked! I play word games when I am less busy (I'm a pro by the way) and I am a tennis aficionado.
Major cryptocurrency exchange platform, Bitfiniex, has taken steps to monitor transactions that occur on the platform, by integrating a compliance tool, Chainalysis KYT from Chainalysis, a top blockchain analysis startup. The tool will help the crypto exchange to monitor transactions that occur on the exchange and combat money laundering and...
After a stellar 2019 performance, Tezos (XTZ) appears set to upstage Stellar (XLM) and break into the top-10 crypto rankings based on market capitalization. Meanwhile, Kraken has joined other crypto exchanges in launching XTZ staking promising returns of up to six percent. XTZ Looking to Upstage XLM According to data...
The Financial Services Board (FSB) has issued a report highlighting the potential impact of large tech firms participating in the crypto and digital payments arena. As part of its report, the FSB is calling for robust monitoring of the trend while issuing warnings related to the stability of the global...
The Reserve Bank of India (RBI), India’s central bank, has become the latest central bank with plans to launch a central bank digital currency otherwise known as CBDC. Despite looking into the possibility of launching a ‘crypto-rupee’, the RBI still maintains its anti-cryptocurrency stance. RBI Still Studying Central Bank Digital...
Cryptocurrency owners have been grappling with ways to accurately report their earnings to the U.S. Internal Revenue Service (IRS). With the pressure from the IRS on bitcoin owners to come clean with their earnings, there are suggested ways that individuals can avoid getting on the bad side of the law. ...
Major South Korean cryptocurrency exchange, UpBit, announced that over 340,000 worth of Ethereum (ETH) was transferred to an anonymous wallet. While the exchange did not explicitly mention a hack attack nor specify how the withdrawal was done, the company pledged to cover up the missing funds. UpBit Crypto Exchange Possibly...
Block reward on the Ethereum network is currently down by 1,000 ETH amid a slight increase in block time, signaling the emergence of yet another ‘difficulty bomb.’ Miners, dApp projects, and hodlers will have some decisions to make regarding the difficulty bomb even as Ethereum moves towards a pivot to...
Another Canadian cryptocurrency exchange has shut down following allegations of misappropriating client funds. Recent findings revealed that customers' money held by the crypto exchange was missing, as it was discovered that the company did not have enough funds to pay indebted customers. $16 Million Missing According to a report by...
Japan may be the latest country whose central bank is looking to launch a sovereign digital currency. However, authorities in the country say there is no rush towards creating a digital Yen even as the CBDC wars appears to be gaining momentum. BoJ Studying Modalities for Digital Yen According to...
Tron (TRX) CEO Justin Sun is the latest crypto executive to have his account terminated by a Wall Street Bank. Ex-PayPal executive Roelof Botha, also suffered a similar fate with commentators highlighting the need for greater crypto adoption amid financial censorship from mainstream actors. “Bitcoin Fixes This” Sun’s tweet was...
PayPal has ceased offering its payment services to models of the adult entertainment site, Pornhub. With PayPal dropping the pornographic streaming site, major stakeholders and other members of the cryptocurrency community believe that it is a good opportunity for the nascent industry to gain more adoption. Crypto to the Rescue ...
Heath Tarbert, the head of the United States Commodity and Futures Trading Commission (CFTC), says the country ought to be leading the global crypto market. Per a report by Law 360, Chairman Tarbert also says the country’s financial watchdogs and the U.S. Congress should consider simplifying the regulatory framework for...
Bitcoin mining giants Bitmain Technologies and Canaan Creative seem to have found a new area of competition — launching a U.S. IPO. Both companies are set to go head to head in trying to one-up the other in what could be the first-ever crypto-related public offering in the United States....
A Chinese media agency recently published a detailed article on Bitcoin on the front page of its newspaper on November 11, 2019. This development is in line with China’s latest positive stance towards cryptocurrency and blockchain technology. Some observers, however, believe that the new trend is a build-up to the...
Appearing before a hearing by a U.S. Senate Committee to discuss national security and counterterrorism, the Director of the Federal Bureau of Investigation (FBI), Christopher Wray, replied to concerns about bitcoin and other cryptocurrencies. In the hearing held on November 5, 2019, the FBI Chief stated that cryptocurrencies are already...
