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Crypto Exchange Kraken: Law Enforcement Requests Hit a New High in 2019

Posted on January 8, 2020January 8, 2020 by Julie Williams

In its usual manner, the highly popular crypto exchange Kraken just released its latest compliance team’s transparency report for last year. The 2019 transparency report is targeted at the global law enforcement requests for the just-concluded business year. Kraken happily took to its Twitter account to share a general picture of the past year with regard to the exchange’s brushes with law enforcement agencies. A sneak peek at the report shows that law enforcement requests…

Coinbase CEO Brian Armstrong Predicts Rise of Privacy Coins in Upcoming Decade

Posted on January 8, 2020January 8, 2020 by Omri Shabath

In a blog post titled ‘What will happen to cryptocurrency in the 2020s’ published on January 3rd, Brian Armstrong, the co-founder and CEO of Coinbase, discussed cryptocurrency and its future. Armstrong wrote in the post that he thinks one of the popular blockchain networks will see an increase in privacy features and stated that he believes privacy coins will undergo a mainstream adoption in the coming decade. Armstrong further elaborates in the blog post that…

CEO of Crypto Firm Longfin to Pay $400K in Settlement with SEC

Posted on January 7, 2020January 7, 2020 by Julie Williams

An update from the courtroom shows that Venkata S. Meenavalli, the CEO of the embattled crypto firm Longfin, has finally yielded to paying a disgorgement fine of $400,000. The case filed against the supposed cryptocurrency firm last year by the SEC at the US district court for the southern district of New York alleged that Longfin Corp. and its acting chief executive officer misinterpreted their finances and lied to obtain a listing on the Nasdaq….

Bitmain’s Deposed CEO Micree Zhan Takes Power Struggle to the Courtroom

Posted on January 6, 2020January 6, 2020 by Julie Williams

Micree Zhan, the former executive director of Bitmain Technologies Ltd., is yet poised to achieve his goal of ‘restoring order’ in the crypto mining firm. Standing adamantly by his social media post in November last year – when the news of his ousting came out – Zhan is ready to give war to whoever wants war. “If someone wants war, we’ll give them war,” he posted at the time. And the war just got fiercer….

International Monetary Fund Says the Philippines to Become Key Crypto Market

Posted on January 6, 2020January 6, 2020 by Julie Williams

The crypto community wrapped up the year 2019 with a bit of good cryptocurrency news from the International Monetary Fund (IMF). As usual, the agency released its country report for the just concluded year, 2019, dubbed “Technical Assistance Report – Monetary and Financial Statistics Mission.” Only this time, the paper was focused on the Philippines’ impact on the global crypto industry and vice versa. “The Philippines may become an important market for crypto assets,” says…

Bitcoin Developer: Ethereum to Power 2020’s Most Interesting Crypto Project

Posted on January 5, 2020January 5, 2020 by Rehan Yousaf

Gavin Andersen, a software developer who gained prominence from having worked for the development of Bitcoin, recently stated that for the past two years, the most interesting things for him were built on Ethereum. In a tweet posted by the IT expert on January 1st, Andersen elaborates that he found CryptoKitties, a blockchain game that allows users to purchase and maintain virtual pets, as the most interesting project related to cryptocurrency in the year 2018….

Burger King Venezuela Partners with Dash to Enable Crypto Payment Options

Posted on January 5, 2020January 5, 2020 by Rehan Yousaf

Dash has yet again stroked a major partnership deal in Latin America. This time, it has partnered with Cryptobuyer to install crypto point of sale terminals at Burger King food stores. This new deal will allow the customers of Burger King to pay for their order using digital currency. The Panama-based Cryptobuyer will work to provide a payment solution in crypto that accepts digital currencies like Dash and Bitcoin. This method of instant payment is…

Bitcoin’s Winning Decade: 9 Million Percent Growth in 10 Years

Posted on January 5, 2020January 5, 2020 by Julie Williams

Undoubtedly, the journey has not been all rosy for the world’s most celebrated cryptocurrency, Bitcoin. In fact, Bitcoin’s journey through the last decade was lined with many highs and lows – literally. That said, statistics also showed that the virtual currency grew by 9 million percent in the just-concluded decade. Yes, you read right! An industry based on innovative financial technology ridden with both good and bad players will definitely have its moments. But if…

Ryuk Ransomware Attack Paralyzes US Coast Guard System for 30 Hours

Posted on January 2, 2020January 2, 2020 by Rehan Yousaf

The U.S. Coast Guard has issued a warning after its monitoring system was compromised by a “Ryuk” ransomware that left the system stunned for 30 hours. It is yet to be ascertained whether the attackers made a demand for any ransom; usually, Ryuk ransomware is followed by a demand for a ransom in crypto. The warning was issued on the marine safety bulletin platform after the attackers had targeted an unnamed facility. An initial investigation…

Europol Official: Monero Remains Anonymous Untraceable Privacy Coin

Posted on January 2, 2020January 2, 2020 by Rehan Yousaf

The European Union Agency for Law Enforcement Cooperation, also known as Europol, has confirmed that Monero transactions remain anonymous as the agency is following the development of privacy coins. Jerek Jakubcek, a strategic analyst of Europol’s European Cyber Crime Centre (EC3), shared the details during a Blockchain Alliance webinar that crypto transactions conducted on Monero cannot be traced or recorded. Jakubcek went on by saying that these privacy obstacles have prevented investigators from tracking locations…

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