Coinme Adds BTC Purchase Function to Over 100 Coinstar Kiosks in California

With over 21,000 kiosks in the U.S., Coinstar is a popular automated service for those who want to turn their fiat coins into paper cash. 3,000 of these kiosks have been integrated with Coinme to include crypto purchase functionality, and more than 100 BTC-integrated Coinstar kiosks are now newly available in the greater Sacramento, California area. Also Read: Bitcoin ATMs Installed at 5 Major Malls in the US Over 100 Kiosks Updated With BTC Purchase Capability Coinstar found an effective business model in helping people cash in their accumulated change…

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China Issues Digital Currency Guide for Party Cadres

Understanding a complex subject should be easier with access to educational materials. With blockchain and CBDC now part of Beijing’s political vocabulary, the Communist Party of China (CPC) has issued a guide to digital currencies meant to prepare party officials for upcoming changes in the country’s financial system. Also read: China Saw $11.4 Billion in Crypto-Based Capital Flight Last Year Handbook Educates Party Functionaries About the Impact of Digital Currencies “Digital Currency: A Reader for Cadres” is part of a series of guides on various current topics, from artificial intelligence…

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NBA Star Spencer Dinwiddie Just Tokenized His Own Contract

The news that Brooklyn Nets star Spencer Dinwiddie was to roll out an Ethereum-based investment vehicle for his own contract took the NBA and crypto communities by surprise. Disregarding an NBA threat to ban him from the professional basketball league, the 26-year-old point guard – who tellingly describes himself as “a tech guy with a jumper” on Twitter – launched his unique bond on January 13 with the aid of security token platform Securitize. Also read: Close to 11 Million BTC Haven’t Moved in Over a Year An Ambitious Leap…

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Online Bullion Marketplace Onegold Sees $50 Million in Crypto Payments

On January 13, the online bullion marketplace Onegold announced the launch of a new mobile application so customers can buy, sell or redeem precious metals at any time. Since 2018, Onegold has accepted cryptocurrencies like BCH and BTC and the firm currently gives customers a 2% discount for paying with cryptocurrencies. According to Bitpay, Onegold has seen $50 million worth of crypto payments since supporting digital assets, which represents 10% of the firm’s yearly revenue. Also Read: Close to 11 Million BTC Haven’t Moved in Over a Year Onegold Sees…

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Do CoinJoins Really Require Equal Transaction Amounts for Privacy? Part One: CashFusion

Although Satoshi Nakamoto’s white paper suggests that privacy was a design goal of the Bitcoin protocol, blockchain analysis can often break users’ privacy. This is a problem. Bitcoin users might not necessarily want the world to know where they spend their money, what they earn or how much they own, while businesses may not want to leak transaction details to competitors — to name some examples. But there are solutions to regain privacy, like CoinJoin. Some of the most popular mixing solutions available today use this trick, including Wasabi Wallet…

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Close to 11 Million BTC Haven’t Moved in Over a Year

According to a new research report published by Digital Asset Data, more than 10 million BTC has been sitting dormant for a whole year. Data shows that unmoved bitcoins account for roughly 60% of the current minted supply and it’s the largest number of dormant coins since the start of 2017. Also Read: Mining Report Highlights China’s ASIC Manufacturing Improvements and Dominance 10.7 Million BTC Stays Put for a Whole Year The fintech and cryptocurrency analytics company Digital Asset Data recently published findings that show the number of bitcoins that…

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Wasabi Wallet Launches #BitcoinIsSafe Campaign to Counter Erroneous Antivirus Detections

Recently, Wasabi Wallet users have reported multiple instances in which antivirus programs identify both Wasabi and the newly integrated Bitcoin Core as “system infections.” More specifically, the computer security algorithms for Avira, Bitdefender, Kaspersky and F-Secure (and many other antivirus softwares) confuse full Bitcoin nodes with unwanted cryptocurrency mining programs that run in computer backgrounds and steal processing power (a type of malicious attack whose popularity peaked during the 2017 bull market). In response to this phenomenon, Wasabi Wallet developers have started a social media campaign — distinguished by the…

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Japan and Philippines Discuss Pro-Crypto Laws, Cooperation Among Asian Countries

Japanese Minister Naokazu Takemoto and Philippine Cabinet member Raul Lambino of Crypto Valley of Asia recently met to discuss Asian countries’ crypto regulations. They urge the Philippine Congress to introduce legislation on cryptocurrencies and security tokens, calling for cooperation among Asian countries. Also read: Regs Roundup: SEC Actions, Crypto Tax-Free in Korea, New Chinese Laws Officials From Japan and Philippines Discuss Crypto Regulations Naokazu Takemoto, Japanese Minister of State for Science and Technology Policy, visited Manila last week to meet with Secretary Raul Lambino, administrator and CEO of the Cagayan…

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On the Coast of El Salvador, Bitcoin Is Becoming the Standard

When Michael Peterson made a semi-permanent move to El Salvador, the California native’s motive was simple and, well, fittingly expected: He wanted a place to surf in the wintertime.  “I came to El Salvador on a surf trip and I just kind of fell in love,” he explained. “The water’s warm, the waves are great, the people are super friendly. So my wife and I decided to buy a house and move there — that was 14 years ago.” Now, in a less-than-expected twist, Peterson is working on bootstrapping bitcoin…

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With New Regulations, Europe’s Crypto Companies May Be Running Out of Options

European crypto companies are finding themselves in a changing regulatory environment. The new realities they have to deal with stem from the fifth edition of the European Union’s anti-money laundering directive. AMLD5 introduces stricter customer due diligence requirements and some in the industry have realized their business models, based on key principles of the crypto space, are hardly sustainable under the new rules. Also read: EU Countries Commence Crypto Regulations as Mandated by New Directive Netherlands to Introduce Licensing When New Directive Requires Only Registration Although the amendments had to…

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