Indian Supreme Court Wraps up Crypto Hearing for the Year

The Supreme Court of India called on for hearing on Monday the writ petitions challenging the banking restriction by the Reserve Bank of India (RBI). After hearing from the RBI’s counsel, the court wrapped up the case for the year. Its decision follows Lok Sabha, the lower house of the Indian parliament, revealing that a crypto bill will not be discussed this year. Also read: Indian Government Delays Introducing Crypto Bill Supreme Court Sets New Date The case against the crypto banking restriction by India’s central bank was scheduled for…

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Presidential Candidate Andrew Yang Discusses His Plan for Cryptocurrencies

Presidential candidate Andrew Yang has detailed his plans to regulate the digital economy if he were to become the President of the United States. Yang’s recent blog post called “Regulating technology firms in the 21st century,” explains how the candidate believes current American legislators are out of touch with innovative technologies. Also Read: Andrew Yang’s ‘Freedom Dividend’ Is Not Only Unnecessary, It’s Unethical Andrew Yang Explains How He Would Handle Cryptocurrencies if He Were President The 2020 Democratic Presidential candidate Andrew Yang wholeheartedly believes technology has outpaced the American government’s…

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US to Strictly Enforce Crypto Rules Similar to FATF Guidelines

The U.S. government will strictly enforce the rules on cryptocurrencies similar to the standards recommended by the Financial Action Task Force (FATF). The Financial Crimes Enforcement Network has reaffirmed that its “Travel” rule applies to cryptocurrencies. Meanwhile, the Federal Reserve has flagged stablecoin as a potential risk to the U.S. financial system in a new report. Also read: Crypto Jobs on the Rise, Thousands Listed Fincen Expects Compliance The U.S. Financial Crimes Enforcement Network (Fincen) will strictly enforce anti-money laundering (AML) rules on cryptocurrencies, Director Kenneth Blanco reportedly said on…

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The Bolt-A-Thon Sequel to Spark Lightning Innovation

From December 6 to 8, 2019, the second edition of the Bolt-A-Thon will take place in the natural habitat of Bitcoin and the Lightning Network — the internet. The Lightning-centered hackathon and conference is a follow-up to the inaugural event in April 2019, where many creative ideas were presented and many Lightning-focused projects made tangible progress — for instance, after the multi-platform payments service Bottle Pay won the Bolt-A-Thon, it went on to raise $2 million to boost development. Speakers at the event, who will be making their presentations via…

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Researcher Breaks Mimblewimble, Deanonymizing 96% of Grin Transactions

The Mimblewimble privacy technology used by cryptocurrencies such as Beam and Grin is broken. That’s the claim of researcher Ivan Bogatyy who has published a report documenting his findings. In it, he reveals how he was able to deanonymize 96% of all Grin transactions just by running a node at a cost of around $60. Bogatyy asserts that the flaw is fatal, effectively breaking Mimblewimble. Also read: IRS Dispels Crypto Tax Confusion Mimblewimble Is ‘Fundamentally Flawed’ “Mimblewimble should no longer be considered a viable alternative to Zcash or Monero when…

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Nexinter – Profit Sharing Crypto Exchange

Nexinter launch as the first profit sharing fiat-crypto and custodian exchange in the world. Today, Nexinter, the digital fiat-crypto and custodian exchange, has announced that it will be the first profit sharing digital exchange in the world. 75% of the Nexinter’s profits from any operation or revenue stream on the platform will be returned to the community in a reward system. There will be two components that determine the reward to the community: time and volume. The time reward component will be active in 2020, and the more days an…

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Coinex Chain Launches Two Tokens Anchored to BTC and BCH

On November 15, the digital currency trading platform Coinex announced the launch of two Coinex Chain tokens that are anchored to BTC and BCH. The two collateralized coins will be used for trading on the Coinex Dex and will be traded in the name of the original assets respectively. Also read: Bitcoin.com Joins the Coinex Chain Pre-Election Node Process Coinex Chain Launches Tokens Anchored to BTC and BCH During the last few years, stablecoins collateralized by fiat have been extremely popular but decentralized finance (defi) concepts and other types of…

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Video: Connie Gallippi on BitGive and Bitcoin Charity

Connie Gallippi is yet another example of an accomplished professional who discovered Bitcoin, fell down the rabbit hole, and decided to pursue a new life in which her skills and knowledge generate satoshis instead of U.S. dollars. After attending the inaugural Bitcoin Foundation conference with her brother in 2013, Gallippi came up with the idea of creating a nonprofit organization which collects donations in bitcoin and helps various humanitarian causes around the world. She launched BitGive. “I was at a senior level in my former career, but being in that…

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With Christmas Approaching, Here Are Some Travel Sites Accepting Crypto

Traveling for the Christmas holidays is something anyone would enjoy. Dealing with travel arrangements, however, can be a headache. For crypto enthusiasts, being able to pay for airplane tickets, hotel bookings and car rentals with cryptocurrency is a relief, because it’s convenient and it’s safe. Numerous travel sites accept digital coins these days. Also read: Bitcoin ATM in Miami Airport Raises Questions About Traveling With Crypto How to Pay for Your Trip With Cryptocurrency The travel industry, unlike other, more conservative sectors, has been relatively quick to realize the potential…

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On Lightning, Messaging Apps Emerge as Growing Use Case

“Does instant messaging over Lightning have killer application potential?” Lightning Labs developer Joost Jager asked his Twitter followers this rhetorical when he debuted a demo for his Lightning Network messaging application, Whatsat. Does instant messaging over Lightning have killer application potential? The world needs censorship-resistant chatting and with Lightning, compensating the network for message relay comes naturally.https://t.co/TnLI4yjM16 pic.twitter.com/GseuU4KyZo — Joost Jager (@joostjgr) November 2, 2019 Your average Bitcoiner probably wouldn’t think of messaging as one of Lightning’s killer use cases, at least not before micropayments, streaming payments and the like.…

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