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Hackers have been trading an encrypted Bitcoin wallet on forums and underground marketplaces in hopes of recovering the stash of cryptocurrency.
As Project Libra provided the possibility of a 'GlobalCoin' or world currency, the interest in crypto catapulted as Facebook's idea sparked issues of consumer protection, safety, and soundness in the... banking system, monetary policy, and the status of the U. S. dollar as the world reserve currency.
Russia’s bill to regulate cryptocurrencies has been signed into law by President Vladimir Putin. The new law gives legal status to cryptocurrency but prohibits its use as a means of payment. Russian... Crypto Bill Signed Into Law Russian President Vladimir Putin signed into law Friday the bill that regulates digital financial asset (DFA) transactions, Russian […] The post Putin Signs Law Giving Cryptocurrency Legal Status in Russia appeared first on Bitcoin News.
Coronavirus face mask protestors are employing new tactics to comply with local requirements that mandate the use of face covers indoors. Anti-maskers are using face masks made of materials that don't... offer any protection against the coronavirus droplets and aerosols that might circulate freely in the air. To the dismay of doctors, face mask protestors wrongly claim that face mask mandates are about compliance, not safety. It's mid-July 2020, and you'd think everyone should have mastered the simple techniques and behaviors that can increase one's safety and reduce the risk of being infected with the novel coronavirus by now. Social distancing, frequent hand washing, and face masks are the three things you can do to limit the spread. Once you've retrained yourself to adhering to these...
The hack targeted a number of high-profile accounts on the microblogging service
Here's another byproduct of the coronavirus pandemic that's unfolding right now and which most people might not even be aware of: The US is experiencing a coin shortage. This is partly a result of the... US Mint cutting production amid the pandemic, but retailers are also dealing with a shortage of money as a result of dramatic interruptions in the normal flow of consumers buying things and their money changing hands. This is leading retailers around the country to start posting signs encouraging customers to use exact change or banning payments in cash altogether. When I pulled up to the drive-thru of a donut place near my apartment today, I was greeted by a sign posted on the menu board outside that I haven't seen anywhere else during the coronavirus pandemic yet. It explained to customers...
Banks in Spain are reportedly closing accounts they suspect belong to cryptocurrency traders, particularly users of the LocalBitcoins peer-to-peer exchange - and may have been doing so "since November... last year." Per a report from media outlet Criptonoticias, an experienced crypto trader who asked to remain anonymous says that "between 30 and 40 LocalBitcoin
A new survey of about 800 institutional investors in the U.S. and Europe shows strong cryptocurrency adoption, particularly bitcoin. About 80% of institutions said they find cryptocurrency appealing,... and 60% believe cryptocurrencies have a place in their portfolios. Crypto Appeals to 80% of Institutions Surveyed Fidelity Digital Assets, the cryptocurrency arm of Fidelity Investments, announced […] The post 80% of US and European Institutional Investors Find Cryptocurrency Appealing: Survey appeared first on Bitcoin News.
Coca-Cola Amatil and Centrapay have partnered to allow vending machine purchases to be made through the Sylo Smart Wallet.
There's a popular meme that shows Bitcoin on a perpetual rollercoaster. It's true: The world's largest cryptocurrency by market cap is a very volatile asset. But it's not often that Bitcoin goes up... past the $10,000 mark. On Monday, it happened again, and this time it may carry special significance. The price swiftly rose from roughly $9,620 to $10,180 late on Monday according to CoinMarketCap, before settling down at about $10,100. Other cryptocurrencies, including Ethereum and XRP, are in the green as well, with the total value of all cryptocurrencies hovering around the $285 billion mark.
China has passed the country’s long-awaited civil code which expands the scope of inheritance rights to include cryptocurrency, such as bitcoin. Inherited cryptocurrencies will be protected under... the new law. Meanwhile, several Chinese courts have recently ruled that bitcoin and ethereum are properties protected by law. Inherited Cryptocurrencies Protected by Law The third session of […] The post China Passes Law Protecting Cryptocurrency Inheritance appeared first on Bitcoin News.
More than 1000 enterprise computer systems have been infected with a cryptojacking malware that installs a Monero mining application.
Facebook has changed the name of the digital wallet to be used with its new cryptocurrency, the latest in a number of changes to the digital currency and its ecosystem.
As interest in cryptocurrency grows among institutional investors, global investment banks, like Goldman Sachs and JPMorgan Chase, are reexamining their views about bitcoin. Goldman Sachs is hosting a... call for its clients to learn about the implications of current policies for bitcoin, gold, and inflation. Goldman Sachs’ Bitcoin Call for Clients New York City-headquartered investment […] The post Goldman Sachs Hosting Bitcoin Call as Institutional Interest in Cryptocurrency Surges appeared first on Bitcoin News.
Russian lawmakers have proposed new laws that seek to ban the use of bitcoin (BTC) and other cryptocurrencies in the country, local media reported. According to draft bills submitted by a group of... deputies to the Russian parliament recently, individuals may face up to seven years in prison and fines of up to $7,000 for […] The post Russia Proposes Law That Criminalizes Buying Bitcoin With Cash, Offenders Face 7 Years in Jail appeared first on Bitcoin News.
Cryptomining hacks aren't new by any stretch, but a string of recent incidents is raising eyebrows. ZDNet reports that culprits infected multiple European supercomputers with Monero mining malware in... the past week, including the University of Edinbur...
J.K. Rowling has been drinking a lot and you'd better believe she has some thoughts on Bitcoin. Noted TERF and author of The Cuckoo’s Calling, Rowling decided Friday was the perfect time to learn... about the cryptocurrency Bitcoin. And so, like any celebrity who wants to start her day off with a ray of positivity, she hopped on Twitter to engage. "I don’t understand bitcoin," Rowling tweeted to Coindesk's Leigh Cuen. "Please explain it to me." I don’t understand bitcoin. Please explain it to me. — J.K. Rowling (@jk_rowling) May 15, 2020 Over the course of the next several hours, as legions of crypto try-hards leapt at the opportunity to explain consensus algorithms, Rowling's nascent views on Bitcoin turned from mildly inquisitive to a friendly mocking.
Celo, a competing project to Facebook’s Libra cryptocurrency, has added 50% more new members to its alliance, bringing the total number of supporting organizations to 75. Some Celo members are also... supporters of the Libra project, such as Coinbase Ventures, Anchorage, and Andreessen Horowitz. Celo Project Adds Over 20 Members The Celo Foundation announced Tuesday […] The post 75 Companies Back Facebook Libra’s Competitor Celo appeared first on Bitcoin News.
The currency has been redesigned and other changes have been made in response to financial regulators concerned the effort could undermine the power and control of central banks.
Malaysia’s Securities Commission has given full approval to a cryptocurrency exchange operator to legally operate in the country despite the nationwide lockdown due to the coronavirus pandemic.... Recently, Japan also approved a new cryptocurrency exchange as the country continues to fight the covid-19 outbreak. Also read: IMF Declares Global Recession, 80 Countries Request Help, Trillions […] The post Malaysia Becomes the Next Country to Approve Cryptocurrency Exchange Amid Covid-19 Crisis appeared first on Bitcoin News.
The Monetary Authority of Singapore has granted an exemption from holding a license to a number of cryptocurrency companies operating in the country under the new Payment Services Act. Among the... companies benefiting from this six-month grace period are Binance, Coinbase, Gemini, Bitstamp, Luno, Upbit, and Wirex. Also read: 2x Bitcoin — Wanna Double Your […] The post Singapore Allows Crypto Companies to Operate Without a License for 6 Months appeared first on Bitcoin News.
The Securities and Exchange Commission prevailed in a key stage of its cryptocurrency enforcement crackdown, as a federal judge issued an injunction halting Telegram Group from distributing its... digital coins.
Bitcoin plunged at one point sinking through $6 000 for the first time since May as a sell-off in cryptocurrencies became a rout amid wider market turmoil sparked by the coronavirus pandemic.
Just when you thought it was secure again, Intel's digital vault falls to a new attack.
Otherwise, illegal or dubba trading will continue to flourish