SEC Charges John McAfee Over Fraudulently Promoting ICOs on Twitter
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On the 5th of October 2020, the Securities and Exchange Commission, SEC, charged businessman and computer programmer John McAfee for fraudulently touting ICOs. McAfee is the developer of the eponymous anti-virus software. The computer programmer advertised seven initial coin offerings to his...
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By: Wayne Jones
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#AntiFraud #ICO #ICOFraud #VirtualCurrencies
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On the 5th of October 2020, the Securities and Exchange Commission, SEC, charged businessman and computer programmer John McAfee for fraudulently touting ICOs. McAfee is the developer of the eponymous anti-virus software. The computer programmer advertised seven initial coin offerings to his...
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By: Wayne Jones
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#AntiFraud #ICO #ICOFraud #VirtualCurrencies
UK Financial Watchdog FCA Bans Crypto Derivatives for Retail Consumers
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On Oct 6, 2020, the UK Financial Conduct Authority (FCA) prohibited the sale of crypto-derivatives to retail customers. The ban designed to offer adequate protection to retail clients applies to all domestic and overseas crypto businesses operating within the United Kingdom.
The FCA...
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By: Wayne Jones
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#CryptoAssets #CryptoDerivatives #Cybercrime #ETNs #UK
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On Oct 6, 2020, the UK Financial Conduct Authority (FCA) prohibited the sale of crypto-derivatives to retail customers. The ban designed to offer adequate protection to retail clients applies to all domestic and overseas crypto businesses operating within the United Kingdom.
The FCA...
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By: Wayne Jones
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#CryptoAssets #CryptoDerivatives #Cybercrime #ETNs #UK
Bank of Canada Reports the Risks in CBDCs, Especially Storage
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The Bank of Canada recently delivered a report on the risks and benefits of a central bank digital currency.
In its October 5 report, The Bank of Canada wrote that digital currency (CBDC) based on anonymous tokens would pose a particular security risk. These risks, it continued, arise from how...
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By: Wayne Jones
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#CBDCs #DigitalYuan #EWallets #EuropeanCentralBank
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The Bank of Canada recently delivered a report on the risks and benefits of a central bank digital currency.
In its October 5 report, The Bank of Canada wrote that digital currency (CBDC) based on anonymous tokens would pose a particular security risk. These risks, it continued, arise from how...
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By: Wayne Jones
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#CBDCs #DigitalYuan #EWallets #EuropeanCentralBank
China Central Bank Reveals Official Results for First Digital Yuan Trials
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At the virtual SIBOS banking meeting, People's Bank of China (PBC) Deputy Governor Fan Yi Fei shared figures about the digital yuan trials. There have been over 3,000,000 exchanges adding up to RMB 1.1 billion ($160 million) through to late August utilizing the central bank digital...
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By: Wayne Jones
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#CBDC #Covid19 #DigitalCurrency #PFMI #SIBOS
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At the virtual SIBOS banking meeting, People's Bank of China (PBC) Deputy Governor Fan Yi Fei shared figures about the digital yuan trials. There have been over 3,000,000 exchanges adding up to RMB 1.1 billion ($160 million) through to late August utilizing the central bank digital...
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By: Wayne Jones
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#CBDC #Covid19 #DigitalCurrency #PFMI #SIBOS
MetaMask Exceeds 1M Users, Introduces Gas Saving DeFi Token Swaps
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On Oct 6, 2020, the world’s most popular ETH-based wallet, MetaMask, introduced a token swaps feature to offer the widest variety of tokens across DeFi.
The new feature will initially be available on the MetaMask extension on the Firefox browser, but will soon be rolled out to other browsers a...
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By: Wayne Jones
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#CryptoWallets #DeFiPulse #DeFiToken #DEX #Uniswap
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On Oct 6, 2020, the world’s most popular ETH-based wallet, MetaMask, introduced a token swaps feature to offer the widest variety of tokens across DeFi.
The new feature will initially be available on the MetaMask extension on the Firefox browser, but will soon be rolled out to other browsers a...
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By: Wayne Jones
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#CryptoWallets #DeFiPulse #DeFiToken #DEX #Uniswap
BRD Gets Over 6 Million Users, Fueled by Massive Crypto Growth in Latin America and India
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BRD, a mobile cryptocurrency wallet, announced recently that its users are more than six million globally. It attributes this upsurge to the immense growth of crypto use in Latin America and India. Following this momentum, the organization hopes to arrive at 10 million clients by...
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By: Wayne Jones
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#Bitcoin #Covid19 #CryptocurrencyWallets #EastVentures #Ethereum #SBI
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BRD, a mobile cryptocurrency wallet, announced recently that its users are more than six million globally. It attributes this upsurge to the immense growth of crypto use in Latin America and India. Following this momentum, the organization hopes to arrive at 10 million clients by...
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By: Wayne Jones
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#Bitcoin #Covid19 #CryptocurrencyWallets #EastVentures #Ethereum #SBI
Ripple May Relocate Due to US Harsh Cryptocurrency Regulations
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On the 6th of October 2020, Chris Larsen, Ripple co-founder, pointed out that Ripple is considering relocating to Europe or Asia. Ripple moving out of the US is due to the increasing frustrations at lack of regulatory clarity on blockchain and cryptocurrencies in the US.
According to Larsen,...
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By: Wayne Jones
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#CryptoFirm #RippleLawsuit #SEC #XRP
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On the 6th of October 2020, Chris Larsen, Ripple co-founder, pointed out that Ripple is considering relocating to Europe or Asia. Ripple moving out of the US is due to the increasing frustrations at lack of regulatory clarity on blockchain and cryptocurrencies in the US.
According to Larsen,...
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By: Wayne Jones
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#CryptoFirm #RippleLawsuit #SEC #XRP
Central Banks and BIS Publish First CBDC Report on Key Principles and Core Features
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Together with the Bank for International Settlements (BIS), seven central banks published a report today. It outlines the basic principles necessary for publicly available CBDCs to help central banks meet their public policy objectives.
Central banks have provided the public with a...
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By: Wayne Jones
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#BankOfCanada #BankOfEurope #BankOfJapan #BIS #FederalReserve #SverigesRiksbank #SwissNationalBank
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Together with the Bank for International Settlements (BIS), seven central banks published a report today. It outlines the basic principles necessary for publicly available CBDCs to help central banks meet their public policy objectives.
Central banks have provided the public with a...
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By: Wayne Jones
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#BankOfCanada #BankOfEurope #BankOfJapan #BIS #FederalReserve #SverigesRiksbank #SwissNationalBank
Second Vulnerability in Bitcoin Lightning Network Discovered, Users to Upgrade Immediately
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Developers have discovered a new vulnerability in the Bitcoin Lightning Network node software, according to a recent publication. Lightning Network (LN) Node Operators, who may have earlier versions of LND released before October 1, 2020, are asked to update their software...
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By: Wayne Jones
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#Bitfinex #BTCLightningNetwork #CoinGate #LightningLabs #NodeOperators
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Developers have discovered a new vulnerability in the Bitcoin Lightning Network node software, according to a recent publication. Lightning Network (LN) Node Operators, who may have earlier versions of LND released before October 1, 2020, are asked to update their software...
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By: Wayne Jones
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#Bitfinex #BTCLightningNetwork #CoinGate #LightningLabs #NodeOperators
The US Establishes New Crypto Enforcement Network Focused on Scammers
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The cryptocurrency sector is recently attracting attention from the US authorities. On the 9th of October 2020, a report from the US justice department said it aims to deal with upcoming threats and crypto enforcement challenges facing digital currencies. The department of justice also reported...
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By: Wayne Jones
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#CryptoAdoption #CryptoEnforcement #CyberDigitalTaskForce #DOJ
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The cryptocurrency sector is recently attracting attention from the US authorities. On the 9th of October 2020, a report from the US justice department said it aims to deal with upcoming threats and crypto enforcement challenges facing digital currencies. The department of justice also reported...
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By: Wayne Jones
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#CryptoAdoption #CryptoEnforcement #CyberDigitalTaskForce #DOJ
Pierce Challenges SEC's Conservative Approach to Crypto
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Hester Pierce, Commissioner for the US Securities and Exchange Commission, known as "Crypto Mom," said the regulator's more conservative approach to crypto must change as people become more interested in space.
Peirce commented that the crypto landscape is changing rapidly, and although they...
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By: Wayne Jones
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#DeFi #FederalReserve #KPPU #SEC #USSECCrypto
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Hester Pierce, Commissioner for the US Securities and Exchange Commission, known as "Crypto Mom," said the regulator's more conservative approach to crypto must change as people become more interested in space.
Peirce commented that the crypto landscape is changing rapidly, and although they...
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By: Wayne Jones
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#DeFi #FederalReserve #KPPU #SEC #USSECCrypto
Ethereum Congestion: 96% of DeFi Transaction Volume on the Blockchain
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Ethereum currently hosts almost all decentralized financial transactions (DeFi). However, congestion and soaring gas prices slow down activity, which could cause competitors on the popular blockchain network to increase according to a new report.
DappRadar released a report this week showing...
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By: Wayne Jones
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#CompoundFinance #DeFi #EOSProtocol #GasPrices #Sushiswap #Uniswap
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Ethereum currently hosts almost all decentralized financial transactions (DeFi). However, congestion and soaring gas prices slow down activity, which could cause competitors on the popular blockchain network to increase according to a new report.
DappRadar released a report this week showing...
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By: Wayne Jones
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#CompoundFinance #DeFi #EOSProtocol #GasPrices #Sushiswap #Uniswap
Digital Yen Issuing should Follow Japan's Central Bank Law Change
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Japan wants to adopt a law on issuing foreign digital currency to a central bank in line with the currency commissioner next door. The digital yen will not bring down the US dollar anytime soon, but the Chinese currency's growing popularity is evident in both world reserves and international...
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By: Wayne Jones
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#BankOfJapan #CBDC #CentralBank #DLT #Japan
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Japan wants to adopt a law on issuing foreign digital currency to a central bank in line with the currency commissioner next door. The digital yen will not bring down the US dollar anytime soon, but the Chinese currency's growing popularity is evident in both world reserves and international...
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By: Wayne Jones
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#BankOfJapan #CBDC #CentralBank #DLT #Japan
G7 Set to Oppose the Facebook Libra Over Improper Regulations
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According to a draft G7 statement, financial leaders from the world's seven largest economies will be against posting the stable Libra on Facebook until its adequate regulation.
The draft preparations gear towards meet finance ministers and central bank governors in the US, Canada, Japan,...
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By: Wayne Jones
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#CBDC #FSB #MoneyLaundering #StablecoinRegulations #Stablecoins
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According to a draft G7 statement, financial leaders from the world's seven largest economies will be against posting the stable Libra on Facebook until its adequate regulation.
The draft preparations gear towards meet finance ministers and central bank governors in the US, Canada, Japan,...
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By: Wayne Jones
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#CBDC #FSB #MoneyLaundering #StablecoinRegulations #Stablecoins
Bitcoin Worth $6.7 Billion Now Held by Public Companies
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Around $ 6.7 billion in BTC is currently in the hands of public companies, including US software giant MicroStrategy. According to Bitcoin Treasuries, Galaxy is Jack Dorsey, Square's digital asset manager and payment processing platform. Included in this number are some of the companies that hold...
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By: Wayne Jones
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#BitcoinTreasuries #GrayScaleInvestmentAssetManagers #GrayscaleBitcoinTrust #MicroStrategy #Square
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Around $ 6.7 billion in BTC is currently in the hands of public companies, including US software giant MicroStrategy. According to Bitcoin Treasuries, Galaxy is Jack Dorsey, Square's digital asset manager and payment processing platform. Included in this number are some of the companies that hold...
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By: Wayne Jones
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#BitcoinTreasuries #GrayScaleInvestmentAssetManagers #GrayscaleBitcoinTrust #MicroStrategy #Square
Russia Regulator Blocks P2P Crypto Platform LocalBitcoins
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On Oct 14, 2020, news emerged that Russia telecom regulator Roskomnadzor had blocked the P2P Bitcoin trading platform LocalBitcoins.
Users of the over-the-counter trading website had started complaining about problems with accessing LocalBitcoins as early as late...
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By: Wayne Jones
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#BestChange #BTC #CryptoAdoption #LocalBitcoins #NinjaTrader #P2P
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On Oct 14, 2020, news emerged that Russia telecom regulator Roskomnadzor had blocked the P2P Bitcoin trading platform LocalBitcoins.
Users of the over-the-counter trading website had started complaining about problems with accessing LocalBitcoins as early as late...
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By: Wayne Jones
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#BestChange #BTC #CryptoAdoption #LocalBitcoins #NinjaTrader #P2P
Electrum Wallet Users Lose 1,980 Bitcoin In Malicious App Update
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A ZDNet investigation recently discovered that malicious actors had siphoned more than $22 million worth of BTC stored in Electrum wallet apps. The hackers managed to steal the approximated 1,980 coins via a fake wallet update.
Essentially, the attackers instructed the wallet server to...
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By: Wayne Jones
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#Cybersecurity #DoS #ElectrumX #Hack #ZDNet
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A ZDNet investigation recently discovered that malicious actors had siphoned more than $22 million worth of BTC stored in Electrum wallet apps. The hackers managed to steal the approximated 1,980 coins via a fake wallet update.
Essentially, the attackers instructed the wallet server to...
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By: Wayne Jones
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#Cybersecurity #DoS #ElectrumX #Hack #ZDNet
RBA Has No Plans to Issue a CBDC, Research Still Ongoing
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Responding to concerns about monetary sovereignty, the Reserve Bank of Australia (RBA) said the public policy case for general-purpose issuance or retail CBDC in Australia remains considered.
The RBA's view, voiced by the bank's chief policy officer Tony Richards, is challenging the influx of...
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By: Wayne Jones
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#AML #CBDC #EuropeanCentralBank #KYC
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Responding to concerns about monetary sovereignty, the Reserve Bank of Australia (RBA) said the public policy case for general-purpose issuance or retail CBDC in Australia remains considered.
The RBA's view, voiced by the bank's chief policy officer Tony Richards, is challenging the influx of...
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By: Wayne Jones
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#AML #CBDC #EuropeanCentralBank #KYC
Bitcoin Plunge After OKEx Suspends Digital Assets Withdrawals
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OKEx, one of the leading exchanges for spot crypto and its derivatives, has suspended all withdrawals indefinitely and blamed the loss of connection to one of the private key holders. In an official statement released on Friday morning, the exchange said it had suspended all 4 pm Hong Kong...
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By: Wayne Jones
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#Bitcoin #Bitfinex #DigitalAssets #MoneyLaundering #Tron
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OKEx, one of the leading exchanges for spot crypto and its derivatives, has suspended all withdrawals indefinitely and blamed the loss of connection to one of the private key holders. In an official statement released on Friday morning, the exchange said it had suspended all 4 pm Hong Kong...
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By: Wayne Jones
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#Bitcoin #Bitfinex #DigitalAssets #MoneyLaundering #Tron
IOTA Releases the Final Alpha Version of IOTA Streams
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The IOTA Foundation just released the final alpha version of IOTA Streams. It is a framework that allows users to control data collected from IoT and connected devices. As stated in the publication, IOTA Streams provides detailed capabilities for data access and direct data sharing to connected...
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By: Wayne Jones
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#IotaFoundation #IotaNews #IOTAStreams #JaguarLandRover #LETS
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The IOTA Foundation just released the final alpha version of IOTA Streams. It is a framework that allows users to control data collected from IoT and connected devices. As stated in the publication, IOTA Streams provides detailed capabilities for data access and direct data sharing to connected...
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By: Wayne Jones
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#IotaFoundation #IotaNews #IOTAStreams #JaguarLandRover #LETS
Myth or Fact: Are Criminals Still Going Crazy For Cryptocurrencies?
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Just like in any other technology, criminals are turning the cryptocurrency sector to their advantage. These criminals are using cryptocurrency, a legitimate technology, to advance their illicit activities.
Bitcoins and other digital currencies are, therefore, a frequent target for many...
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By: Wayne Jones
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#Bitcoin #Cryptocurrency #CryptocurrencyATMs #CryptocurrencyExchange #Illegal
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Just like in any other technology, criminals are turning the cryptocurrency sector to their advantage. These criminals are using cryptocurrency, a legitimate technology, to advance their illicit activities.
Bitcoins and other digital currencies are, therefore, a frequent target for many...
- Read More
By: Wayne Jones
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#Bitcoin #Cryptocurrency #CryptocurrencyATMs #CryptocurrencyExchange #Illegal
