Day: June 25, 2020

A number of members in the cryptocurrency community, typically people who are paid in crypto assets, have tried a myriad of prepaid cards that can be credited with digital currencies like bitcoin. The following post is a review on the Crypto.com prepaid Visa card in order to give our readers some perspective on how the card operates. During the last four years, I’ve grown accustomed to leveraging prepaid cards that can be loaded with cryptocurrencies like bitcoin and ethereum. In the early days, there were only a few cards for…

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The Kleiman v. Wright case is seemingly headed to trial on July 6, 2020, after Judge Beth Bloom ruled against the Kleiman’s attempt to levy sanctions against Craig Wright, the man who claims to be Satoshi Nakamoto. It seems Wright has claimed that a licensed clinical psychologist diagnosed him with “Autism Spectrum Disorder with high intellectual skills,” so the Judge dismissed the sanctions charges. Judge Bloom noted that it takes more than just inconsistencies, contradictory statements, and suspicions to levy sanctions against Wright’s testimony. Craig Wright and the representatives from…

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Scandal-hit crypto card issuer Wirecard AG, a firm that has filed for insolvency because of its missing $2.1 billion – but customer funds appear to be safe, for now. The news comes just two days after former chief executive officer Markus Braun was arrested by German police on allegations of falsifying accounts and market manipulation. Braun, who quit as CEO on June 19, has since been released on €5 million ($5.6 million) bail. In a brief statement Thursday, Wirecard said that its new management led by new CEO James Freis…

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US lawmakers have introduced the Lawful Access to Encrypted Data Act to ensure law enforcement can access encrypted information. This bill is “a full-frontal nuclear assault on encryption in the United States,” one expert says. It requires manufacturers of encrypted devices and operating systems to have the ability to decrypt data upon request, creating a backdoor requirement. Lawful Access to Encrypted Data Act Senate Judiciary Committee Chairman Lindsey Graham and U.S. Senators Tom Cotton and Marsha Blackburn introduced the Lawful Access to Encrypted Data Act on Tuesday. The new bill…

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A few months ago news.Bitcoin.com reported on the web portal read.cash, a blogging website fueled by bitcoin cash that rewards users in crypto for producing content. Just recently, read.cash initiated a fund that aims to provide the blog’s regular users with more paid upvotes by raising funds through a “collective initiative.” On June 25, read.cash revealed that the fund has raised over $100,000 so far. There’s a web portal called read.cash that allows people to fund content creators with bitcoin cash (BCH) payments. News.Bitcoin.com reported on the project months ago,…

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Australian residents can now pay for bitcoin at more than 3,500 national post offices. The new service launched by Bitcoin.com.au is aimed at promoting cryptocurrencies to mainstream audiences, alongside established businesses and organizations. On June 24, 2020, the firm Bitcoin.com.au announced a partnership with the local Australia Post. The collaboration makes it so Australian residents can purchase bitcoin (BTC) effortlessly at 3,500 national post offices. Essentially, each branch member will accept EFTPOS payments and Australian dollars for crypto-asset purchases stemming from Bitcoin.com.au and the Post Billpay service. Purchases will be…

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Bitcoin miners on Tuesday transfered nearly 3,000 bitcoin, worth around $28 million, directly into exchange wallets. Several thousand others were likely moved via over-the-counter (OTC) deals. Direct exchange transfers represent the largest flow of bitcoin (BTC) from miners to such platforms in over a year, according to Glassnode data. The bulk of the volume of 2,650 BTC was sent to Bitfinex exchange, it said. Miners moving funds to crypto exchanges en masse usually indicates intent to sell. The large transfers coincided with a sharp drop in the price of bitcoin…

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