roadrunner

Russian authorities have blocked a number of websites related to cryptocurrency ahead of the country’s crypto regulation taking effect. A popular exchange aggregator website has already been blocked twice and has now received a third notice. Russia Determined to Block Crypto Sites Russia’s Federal Service for Supervision of Communications, Information Technology and Mass Media (Roskomnadzor) has blocked popular Russian cryptocurrency exchange monitoring website Bestchange.ru for the third time. The platform informed its users via Facebook on Wednesday: Dear subscribers, our Bestchange.ru domain has again been blocked in the Russian Federation. Unfortunately, regional prosecutors continue to sue to block Bestchange and other sites for mentioning the bitcoin cryptocurrency. Bestchange.ru further explained that it had been investigating how to unblock its domain but testing may take some time. The free website helps users find the best offers online, including the best rates for cryptocurrencies, electronic money, and internet banking. The service, launched in 2007, is not restricted to just cryptocurrency. According to bits.media, this is the third time Roskomnadzor has blocked Bestchange.ru. The first time was in 2017, which was canceled in 2018. The second time was in March last year when the Kuibyshevsky District Court of Omsk issued an order to block Bestchange.ru along with other cryptocurrency exchange websites. It was canceled in May of the same year. “According to a court ruling, information about bitcoin was considered prohibited, as it contradicted federal laws of the Russian Federation,” the publication noted. The third time started when the Kotlas city court ordered the blocking of seven cryptocurrency websites in January. Roskomnadzor reportedly received the court decision on June 23 and immediately sent out notices about the blocking. The publication reported on June 24 that the owners of the sites bitok.shop, lavka-flowers.ru, cryptorussia.ru, prostocoin.com, cryptowikipedia.ru, bestchange.ru and coinpost.ru received notifications that they “distribute information prohibited in the Russian Federation” and will be included in Roskomnadzor’s registry of blocked websites. In addition, news.Bitcoin.com previously reported that six crypto websites and two news sites were blocked by the Russian media watchdog. Bestchange.ru did not shut down, however, as the management decided to appeal the court decision. The court is expected to pass the case to a higher court on Aug. 27. Nonetheless, Roskomnadzor sent out another notice on Aug. 26 about the blocking of the site. According to the news outlet, Roskomnadzor’s action is not related to the crypto regulation recently signed into law by President Vladimir Putin, which will enter into force on Jan. 1 next year. The new law gives legal status to cryptocurrency but prohibits its use for payments of goods and services. What do you think about Russia blocking crypto-related sites? Let us know in the comments section below. The post Russia Blocks Cryptocurrency Websites Ahead of Regulation appeared first on Bitcoin News. View the full article

Beleaguered Ethereum Classic (ETC) blockchain suffered yet another 51% attack on August 29. The latest attack caused the reorganization of over 7,000 blocks and this corresponds to approximately two days of mining. At the time of reporting, it was not clear if there had been any double-spending as was the case in the last attack. In that attack, it was reported that the Okex exchange suffered a loss of $5.6 million directly as a result. A statement revealing the attack adds that “all lost blocks will be removed from the immature balance and we will check all payouts for dropped transactions.” Meanwhile, in their initial comments on the latest attack, developers working on ETC are attributing ongoing attacks to the network’s known vulnerabilities. “ETC is ~3% of the overall ETH network hash rate. We are well aware of potential repeated attacks while solutions such as “reorg caps” and the subsequent ECIPs are being tested and evaluated. If you haven’t already please increase (which most have) please raise confs above ~10K,” reads a Twitter statement from the main ETC team. Furthermore, the statement urges miners, exchanges, and other service providers to keep “confirmation requirements levels well above 7k for now.” Meanwhile, the timing of the latest attack is certain to raise eyebrows. The latest network attack, which is the third time this has happened in a month, occurred shortly after some community members had announced the addition of two new Ethereum Classic Improvements Proposals (ECIP). Proposed by Input-OutputHK, the first ECIP introduces a checkpoint system to prevent the possibility of another attack while the second one proposes a decentralized treasury. However, following the last attack, the ETC community had been split on the way forward and particularly over the second proposal. After heated exchanges, it appears the Charles Hoskinson’s camp, which favors the controversial proposition, has prevailed. Interestingly, however, news of the latest attack appears to have had a little effect on the ETC price. At the time of writing, the ETC traded at $6.71 marginally down from the $6.74 at around the time the breach was discovered. Still, there is a real possibility that some exchanges will delist the token following this attack. Okex has already stated that it will “consider delisting ETC, pending the results of the Ethereum Classic community’s work to improve the security of its chain.” The latest attack might now force the exchange to act on the threat. Do you think the ETC community is doing enough to stop these attacks? Share your thoughts in the comments section. The post Ethereum Classic Suffers 51% Attack Again: Delisting Risk Amplified appeared first on Bitcoin News. View the full article

The Polkadot token, which recently underwent a redenomination, has seen its value more than double in less than seven days. Now with a reported (but unverified) circulating supply of 897,657,920 tokens, the Dot token claims its place as the fifth-ranked token. At the time of writing, the token traded at $6.23, which translates to a market capitalisation of $5.63 billion. This market capitalisation is just about enough for Dot to displace the Link token from its current position. Coinmarketcap officially ranks the token at number 2172. The market capitalisation of a token or coin is determined by multiplying the price of a token with the circulating supply. Information on the Coinmarketcap website suggests “the organisation has not sufficiently verified the circulating supply and resulting market cap yet.” Still, there is another metric which seemingly supports Dot’s status as a top tier token–the traded volumes. According to Coinmarketcap data, the Dot token’s traded volumes on August 27 surged to $1,4 billion, a figure higher than Chainlink’s volumes of $1.28 billion on the same day. In fact, Dot’s 24 hour traded volumes have been exceeding $480 million since August 22. Yet, before this spike, the token’s previous traded volumes did not exceed $50 million. According to the data, on August 20 and 21 the token’s traded volumes were $48.8 million and $49.3 million respectively. These are the only known trades to occur just before the redenomination event. Meanwhile, in a public notice explaining the process of redenomination on August 17, the team at Polkadot Network said: “the redenomination of the token (was) scheduled to occur on 21 August 2020 at 16:40 UTC block number 1,248,328.” The Dot token is used for governance, staking and bonding on the Polkadot network. The community had voted for the redenomination to take place on August 21. The notice adds that after redenomination, the “New Dot is 100 times smaller than DOT (OLD).” Similar to a Share Split Similar to a share split, a redenomination ordinarily increases the circulating supply of a token while market capitalisation remains unchanged. The notice also attempts to clarify this point. However, immediately after redenomination, the price of the token went up from the closing price of $2.88 on August 21 to $4.48 the following day. The token has since peaked at $6.79, which was recorded on August 27. In the meantime, Dot’s price surge comes after the Polkadot Network team previously warned that “some unscrupulous exchanges may choose to enact the redenomination prior to the date agreed by the Polkadot community.” At the time, the Polkadot team said such an act would result in the token trading “at approximately 100 times lower than the actual market price.” The statement, which does not provide the names of exchanges behind this plot, also adds: “We believe such action is irresponsible, possibly constituting fraud through deceptive advertising and certainly puts Polkadot stakeholders at risk.” Binance and Kraken are reportedly the two exchanges accused of listing the token on August 18, three days before the agreed-upon redenomination. Although the notice explained the redenomination process, some supporters of the token were still not unsure of the circulating supply before August 21. For instance, one Reddit user, SalesFromTheCrypt asked: I know tomorrow is redenomination day, so the total supply goes from 10M to 1B and I read on their website at least 20% (is) withheld for infrastructure. That means as of tomorrow it should be no more than 800M, could be less. But, it is also an inflationary token. Let’s hope someone more knowledgeable replies because I made sure to scoop up a bag. However, other users (possibly holders of the token) expressed confidence it would be worth billions and that it would immediately feature in top ten of the best ranked digital assets. Polkadot is the flagship project of Web3 Foundation, a Swiss Foundation founded to facilitate a fully functional and user-friendly decentralized web. What do you think of Polkadot’s price pump? Share your thoughts in the comments section below. The post Polkadot Top 10 Redenomination Shot: Is the Token Now Bigger Than Chainlink? appeared first on Bitcoin News. View the full article

The science of mine and thine – the science of justice – is the science of all human rights; of all a man’s rights of person and property; of all his rights to life, liberty, and the pursuit of happiness. The essay “Natural Law- The Science of Justice” or a “Treatise on Natural Law, Natural Justice, Natural Rights, Natural Liberty, and Natural Society; Showing That All Legislation Whatsoever Is an Absurdity, a Usurpation, and a Crime” was published in 1882. It has been published on various venues and is reprinted here on Bitcoin.com for historical preservation. The opinions expressed in this article are the author’s own. Bitcoin.com is not responsible for or liable for any opinions, content, accuracy or quality within the historical editorial. Section I. It is the science which alone can tell any man what he can, and cannot, do; what he can, and cannot, have; what he can, and cannot, say, without infringing the rights of any other person. It is the science of peace; and the only science of peace; since it is the science which alone can tell us on what conditions mankind can live in peace, or ought to live in peace, with each other. These conditions are simply these: viz., first, that each man shall do, towards every other, all that justice requires him to do; as, for example, that he shall pay his debts, that he shall return borrowed or stolen property to its owner, and that he shall make reparation for any injury he may have done to the person or property of another. The second condition is, that each man shall abstain from doing to another, anything which justice forbids him to do; as, for example, that he shall abstain from committing theft, robbery, arson, murder, or any other crime against the person or property of another. So long as these conditions are fulfilled, men are at peace, and ought to remain at peace, with each other. But when either of these conditions is violated, men are at war. And they must necessarily remain at war until justice is re-established. Through all time, so far as history informs us, wherever mankind has attempted to live in peace with each other, both the natural instincts, and the collective wisdom of the human race, have acknowledged and prescribed, as an indispensable condition, obedience to this one only universal obligation: viz., that each should live honestly towards every other. The ancient maxim makes the sum of a man’s legal duty to his fellow men to be simply this: “To live honestly, to hurt no one, to give to every one his due.” This entire maxim is really expressed in the single words, to live honestly; since to live honestly is to hurt no one, and give to every one his due. Section II. Man, no doubt, owes many other moral duties to his fellow-men; such as to feed the hungry, clothe the naked, shelter the homeless, care for the sick, protect the defenceless, assist the weak, and enlighten the ignorant. But these are simply moral duties, of which each man must be his own judge, in each particular case, as to whether, and how, and how far, he can, or will, perform them. But of his legal duty – that is, of his duty to live honestly towards his fellow men – his fellow men not only may judge, but, for their own protection, must judge. And, if need be, they may rightfully compel him to perform it. They may do this, acting singly, or in concert. They may do it on the instant, as the necessity arises, or deliberately and systematically if they prefer to do so, and the exigency will admit of it. Section III. Although it is the right of anybody and everybody – of any one man, or set of men, no less than another – to repel injustice, and compel justice, for themselves, and for all who may be wronged, yet to avoid the errors that are liable to result from haste and passion, and that everybody, who desires it, may rest secure in the assurance of protection, without a resort to force, it is evidently desirable that men should associate, so far as they freely and voluntarily can do so, for the maintenance of justice among themselves, and for mutual protection against other wrong-doers. It is also in the highest degree desirable that they should agree upon some plan or system of judicial proceedings, which, in the trial of causes, should secure caution, deliberation, thorough investigation, and, as far as possible, freedom from every influence but the simple desire to do justice. Yet such associations can be rightful and desirable only in so far as they are purely voluntary. No man can rightfully be coerced into joining one, or supporting one, against his will. His own interest, his own judgement, and his own conscience alone must determine whether he will join this association, or that; or whether he will join any. If he chooses to depend, for the protection of his own rights, solely upon himself, and upon such voluntary assistance as other persons may freely offer to him when the necessity for it arises, he has a perfect right to do so. And this course would be a reasonably safe one for him to follow, so long as he himself should manifest the ordinary readiness of mankind, in like cases, to go to the assistance and defense of injured persons; and should also himself “live honestly, hurt no one, and give to every one his due.” For such a man is reasonably sure of always giving friends and defenders enough in case of need, whether he shall have joined any association, or not. Certainly, no man can rightfully be required to join, or support, an association whose protection he does not desire. Nor can any man be reasonably or rightfully expected to join, or support, any association whose plans, or method of proceeding, he does not approve, as likely to accomplish its professed purpose of maintaining justice, and at the same time, itself avoid doing injustice. To join, or support, one that would, in his opinion, be inefficient, would be absurd. To join or support one that, in his opinion, would itself do injustice, would be criminal. He must, therefore, be left at the same liberty to join, or not to join, an association for this purpose, as for any other, according as his own interest, discretion, or conscience shall dictate. An association for mutual protection against injustice is like an association for mutual protection against fire or shipwreck. And there is no more right or reason in compelling any man to join or support one of these associations, against his will, his judgment, or his conscience than there is in compelling him to join or support any other, whose benefits (if it offer any) he does not want, or whose purposes or methods he does not approve. Section IV. No objection can be made to these voluntary associations upon the ground that they would lack that knowledge of justice, as a science, which would be necessary to enable them to maintain justice, and themselves avoid doing injustice. Honesty, justice, natural law, is usually a very plain and simple matter, easily understood by common minds. Those who desire to know what it is, in any particular case, seldom have to go far to find it. It is true, it must be learned, like any other science. But it is also true that it is very easily learned. Although as illimitable in its applications as the infinite relations and dealings of men with each other, it is, nevertheless, made up of a few simple elementary principles, of the truth and justice of which every ordinary mind has an almost intuitive perception. And almost all men have the same perceptions of what constitutes justice, or of what justice requires when they understand alike the facts from which their inferences are to be drawn. Men living in contact with each other, and having intercourse together, cannot avoid learning natural law, to a very great extent, even if they would. The dealings of men with men, their separate possessions and their individual wants, and the disposition of every man to demand, and insist upon, whatever he believes to be his due, and to resent and resist all invasions of what he believes to be his rights, are continually forcing upon their minds the questions, Is this act just? or is it unjust? Is this thing mine? or is it his? And these are questions of natural law; questions which, in regard to the great mass of cases, are answered alike by the human mind everywhere. Children learn the fundamental principles of natural law at a very early age. Thus, they very early understand that one child must not, without just cause, strike or otherwise hurt, another; that one child must not assume any arbitrary control or domination over another; that one child must not, either by force, deceit, or stealth, obtain possession of anything that belongs to another; that if one child commits any of these wrongs against another, it is not only the right of the injured child to resist, and, if need be, punish the wrongdoer, and compel him to make reparation, but that it is also the right, and the moral duty, of all other children, and all other persons, to assist the injured party in defending his rights, and redressing his wrongs. These are fundamental principles of natural law, which govern the most important transactions of man with man. Yet children learn them earlier than they learn that three and three are six, or five and five [equals] ten. Their childish plays, even, could not be carried on without a constant regard to them; and it is equally impossible for persons of any age to live together in peace on any other conditions. It would be no extravagance to say that, in most cases, if not in all, mankind at large, young and old, learn this natural law long before they have learned the meanings of the words by which we describe it. In truth, it would be impossible to make them understand the real meanings of the words, if they did not understand the nature of the thing itself. To make them understand the meanings of the words justice and injustice before knowing the nature of the things themselves, would be as impossible as it would be to make them understand the meanings of the words heat and cold, wet and dry, light and darkness, white and black, one and two, before knowing the nature of the things themselves. Men necessarily must know sentiments and ideas, no less than material things, before they can know the meanings of the words by which we describe them. What do you think about Natural Law? Let us know what you think about this subject in the comments below. The post Lysander Spooner: Natural Law – The Science of Justice appeared first on Bitcoin News. View the full article

The decentralized finance (defi) crypto asset tied to the Yearn Finance project has smashed records this week, as the coin touched a high of $30,324 on Saturday evening. Yearn’s token YFI has been recently added to the Aave platform and the project’s founder, Andre Cronje, is currently talking about collaborating with the exchange FTX. Yearn Finance and the project’s native token YFI has jumped significantly in value since news.Bitcoin.com last reported on the project. Last week, YFI made headlines for outpacing bitcoin (BTC) by price per coin, as the YFI token value spiked to $16k on August 20. On Friday, YFI was averaging around $17-18k per coin, and the value leaped even higher during Saturday afternoon’s (ET) trading sessions. According to market data, YFI touched an all-time high of over $30,324 on August 29 at 8:15 p.m. ET. Presently, the value is hovering around $30,007 at the time of publication. This week, an individual on Twitter, asked the Yearn Finance founder why he was talking with the FTX exchange CEO Sam Bankman-Fried. Andre Cronje did not detail what Yearn Finance and FTX were collaborating on, but he did confirm that some kind of partnership was in place. “Guess the cat is out of the bag,” Cronje tweeted. “But just so that there is some expectation management, this is a long roadmap that we are working on, so it won’t be anything anytime soon. But there will be something very sexy in the future.” The Ethereum-based token YFI crossed the $30,000 price zone on Saturday, August 29, 2020, at approximately 8:15 p.m. ET. In addition to the FTX topic, the defi token YFI was also recently listed on the lending platform Aave this week. Aave has also been making headlines in recent days for its total value locked (TVL), and the project’s electronic money license granted by the UK’s Financial Conduct Authority (FCA). Yearn Finance has also revealed a new insurance primitive this week called “yinsure.finance.” The Yearn development team published an article about the yinsure.finance subject which states: We will systematically be releasing yinsure.finance, a prototype for a new kind of tokenized insurance. Over the course of the last 24 hours, YFI has gained over 44% in value outshining most other token assets. Despite the fact that YFI has climbed far higher than BTC’s all-time high in 2017 ($19,600), people should understand and be aware that there are only 30,000 YFI compared to BTC’s 21 million. In fact, out of the current 30,000 supply of YFI, there are really only 29,962.791 tokens in circulation today. YFI has seen massive trade volume this week as well, as Saturday’s global YFI trade volume topped $500 million. What do you think about YFI’s token topping $25k on Saturday? Let us know what you think about this subject in the comments section below. The post Defi Project Yearn Finance Smashes Records as Native Token Surpasses $30K appeared first on Bitcoin News. View the full article

One of China’s biggest banks recently opened up registration for wallets using the country’s central bank-backed digital currency. There are four levels of the wallet, according to reports. However, the bank took the offer down a few hours later. China’s Digital Currency Wallet Launch China Construction Bank (CCB), one of the country’s largest state-owned banks, reportedly launched a digital renminbi wallet in its official app Saturday, Sina reported citing a 21st Century Business Herald reporter. Users in the areas where the digital yuan is being tested, such as those in Shenzhen, reportedly could register for the wallet. The bank’s user agreement explains that the services provided by the digital renminbi wallet include payment, redemption, transfer, and credit card recharge, the publication detailed, adding that there are four levels of the digital renminbi wallet with varying balance and payment limits. Screenshots of the CCB’s digital renminbi wallet, courtesy of 21st Century Business Herald. This wallet management screen shows the wallet ID, current balance, a balance limit of 500,000 yuan ($72,829), a single payment limit of 50,000 yuan, a daily cumulative payment limit of 100,000 yuan, and an annual cumulative payment limit of 500,000 yuan. According to the publication, the second digital renminbi wallet level has an annual cumulative payment limit of 300,000 yuan, the third 50,000 yuan, and the fourth 10,000 yuan. The bank issues each wallet with a unique identification number linked to the customer’s information, including their name, password, mobile phone number, email address, customer number, and bank card number, the news outlet noted. The CCB’s digital renminbi wallet launch did not last long, however. Several people told Caixin publication a few hours later that the wallet was “quietly closed again,” with a message roughly translated as: “the service has not officially launched externally, so stay tuned.” Nonetheless, the publication reported that many Wechat users were able to sign up for the wallet during the few hours it was available and they posted screenshots of wallet activation and recharge pages. The Chinese government previously explained that the country’s four major state-run banks had started large-scale internal testing of the digital renminbi wallet. Besides China Construction Bank, Bank of China, Industrial and Commercial Bank of China, and Agricultural Bank of China are piloting the digital renminbi with the central bank in major cities. Trials are set to begin in even more cities, including Beijing, Hong Kong, and Macau. The digital yuan will also be tested at the 2022 Winter Olympics games in Beijing. CCTV reported on Thursday that in Suzhou, some government officials have received part of their salaries in digital currency. What do you think about China’s central bank digital currency? Let us know in the comments section below. The post Major Chinese Bank Launches Central Bank Digital Currency Wallet Briefly appeared first on Bitcoin News. View the full article

Ever since the darknet market (DNM) Empire went under, DNM patrons have been scrambling to find reliable marketplaces on the deep web. On forums, individuals are discussing which markets are safe, the logistics of how to use different DNMs, and how much they lost from Empire Market’s exit scam aftermath. Years ago, after the infamous DNMs Alphabay and Hansa went under, Dream was the top dog for a while but it eventually bit the dust. In the fall of 2019, deep web visitors leveraged DNMs like Tochka, Apollon, Cannazon, Cryptonia, Grey Market, and Empire Market. While Empire grew massively, six months ago Apollon shuddered during the second week of February 2020. Since Apollon’s exit scam, the king of darknet markets in 2020, except for Russia’s Hydra marketplace, was Empire Market as it was considered very trustworthy. That was up until August 22, 2020, when Empire Market went offline and many individuals cast blame at a distributed denial-of-service (DDoS) attack. Two days ago, news.Bitcoin.com reported on how a majority of people now assume that Empire Market officially exit scammed. It has also been alleged that the Empire moderators got away with $30 million in digital assets like monero (XMR) and bitcoin (BTC). The Reddit forum r/darknet is littered with posts about the Icarus marketplace. Since the exit, DNM patrons have been discussing the subject regularly on the Reddit forum r/darknet and the underground forum Dread. There are a great number of posts discussing the marketplace Icarus, but many are complaining of trust issues. Others believe Icarus is untrustworthy, as one Reddit thread says “LOL Icarus right now… I’m so excited to lose more money.” Another person responded: “Glad I went to White House Market, seems more secure.” The marketplace Darkmarket on the invisible web is the first DNM operated by women according to Dark.fail’s recent review of existing DNMs. Photo via: Dark.fail. On Friday afternoon, the operator of the website Dark.fail told his Twitter followers about a number of relevant DNMs that exist today. Out of the 11 DNMs Dark.fail mentioned, each one had a different trait or methods of operation. First, he mentioned Darkmarket, the first underground marketplace run by women. “They accept Bitcoin and Monero, and run on the Eckmar marketplace script,” said Dark.fail. “I normally do not trust Eckmar markets, but this team is trusted by most major vendors. 1400 vendors, 220k users, according to their counts.” The analyst said that Cannazon is a “cannabis-only market,” but has a friendly user guide. “White House Market is widely seen as the most secure,” the researcher continued. “PGP is required and they only use Monero. There is no hot wallet, withdrawals are processed once per day. It’s harder to use than Empire was, but many people who take OPSEC seriously vouch for it. 68k active buyers, 1700 vendors.” “Monopoly Market focuses on quality over quantity,” Dark.fail says. “They only allow the most trusted vendors in, 132 are there currently. Snazzy design, friendly tutorials, bitcoin, and monero are accepted.” Photo via: Dark.fail. After that Dark.fail mentioned Monopoly Market, and said that the operation is dedicated to “quality over quantity.” The analyst also mentioned in the tweet that his entire Twitter thread is “not an endorsement” for any markets and the “thread is for researchers only.” The Twitter thread further said: Torrez is a ‘community driven’ market which accepts zcash, monero, bitcoin, and litecoin. They support multisig transactions, allowing users to avoid centralized market escrow. Multisig remains a difficult UX hurdle for most DNM users. 286 vendors, 13k customers, 200 days online. Dark.fail also discussed Asean Market, Canada HQ, Tor Market, and the Deepsea Market. The thread ends with a summary concerning the largest DNM that stems from Russia. “Hydra is the darknet’s longest-running cryptomarket,” Dark.fail stressed. “Don’t speak Russian? You’re out of luck. Rather than smuggling product in the mail, Hydra vendors hide their wares in secret caches in Russian cities which buyers pick up. Hydra is working to launch an English version soon.” Similarly to a number of posts on the Reddit forum r/darknet, Dark.fail also warned people about Icarus Market. The Twitter account said that he believes Icarus Market “will scam.” “Naive darknet users are rushing into new, unproven sites that are shilling forums like mad,” he added on Friday. What do you think about the end of Empire Market and the great search for trustworthy DNMs? Let us know in the comments section below. The post After Empire’s Exit Scam, Darknet Market Patrons Scramble to Find Alternatives appeared first on Bitcoin News. View the full article

A record 3.5 million crypto wallet app downloads were recorded in July 2020, representing an increase of 81% when compared to the same period last year. In addition, the number of active users went up by 110% between January 1 and August 19, 2020. According to a report authored by Madeline Lenahan of Apptoppia, the increase in the number of crypto apps downloads is observed right after countries began imposing lockdown measures in the wake of Covid-19. In the previous year, the number of downloads averaged just under two million, with the month of May and June being the only time when this mark is passed. Explaining this year’s increasing downloads, Lenahan, says “they didn’t think it would last but were surprised to see that the trend has persisted for a few months.” Lenahan offers another possible reason for the growth in wallet downloads: “Cryptocurrency is becoming increasingly mainstream in emerging markets, particularly in regions of Africa. Crypto.com, for instance, has seen a 339% increase in new installations from Nigeria in the past 90 days. Coinbase has seen a 113% increase there.” Apptoppia’s data shows that Coinbase and Crypto.com have the highest number of users per day with 969,000 and 576,000, respectively. Some of the wallet applications making it into the top ten include Blockchain, Luno, BCH, BRD, Trust and Binance. Also, recent data from Bitcoin.com shows Nigeria accounting for a greater number of Bitcoin.com Wallet downloads between August 10 and 16. From the total number of downloads of 18,613, Nigeria had 3,473 wallets ahead of the United States, which had 2,802 downloads. The same data shows India in the third position with 1,420. Both Apptoppia and Bitcoin.com show that Nigeria is cementing its position as one of the biggest cryptocurrency markets in the world. Meanwhile, in his comments on the increasing download of wallets, mobile app developer Adem Bilican said: “Mobile is the way to go for blockchain and cryptocurrencies mass adoption, I am super happy to see these numbers.” Lenahan believes August is likely to set another record as the rate growth appears “real and is lasting.” What do you of the increased wallet downloads so far this year? Share your thoughts in the comments section below The post 3.5 Million+ Crypto Wallets Downloaded in July, Active Users up 110% in the Year appeared first on Bitcoin News. View the full article

A survey of Argentina’s citizens shows that 73% believe cryptocurrency is the most effective saving method in the current economic crisis, such as to hedge against high inflation. Strong Crypto Sentiment in Argentina Global peer-to-peer (P2P) bitcoin marketplace Paxful released the results of a cryptocurrency survey in Argentina on Friday. “Argentina’s sentiment on cryptocurrency remains strong with citizens turning to digital assets as a way to hedge against inflation,” Paxful described. “Argentines are willing to venture into new forms of investment due to the need to protect the value of their financial savings. This comes as a result of the economic crisis going on in the country.” Citing the survey results, the company says: It revealed that 73.4% of participants considered that, in the current economic scenario, cryptocurrencies are the most effective way to save and protect their funds. The survey was conducted by Cripto 247 on behalf of Paxful in June. A total of 1,113 Argentine citizens between the ages of 18 and over 55 participated, 85.6% of whom were male, Paxful told news.Bitcoin.com. Out of all respondents, 69.5% said they had invested at least once in cryptocurrency, with the main reason being its ability “to provide an economic shelter from the depreciation of the local currency due to inflation (42.7%).” Furthermore, 67.8% of those surveyed believe that “cryptocurrency investments are extremely safe” compared to their local currency. In addition, respondents were specifically questioned about bitcoin. Of those who had invested in BTC, 53.9% said the cryptocurrency’s global potential was the reason. Meanwhile, 50.6% said decentralization was the main factor and 49.1% said they invested because of bitcoin’s “overall ability to provide security within an otherwise tumultuous banking system.” While the BTC trading volume in the Argentine peso (ARS) on Paxful is still small, Magdiela Rivas, Paxful’s Latin America Manager, detailed: During this year we have observed a major increase in the operations carried out by Argentine users on our platform, especially since the pandemic started, registering an increase of 37.5% in the volume compared to the previous periods. According to Coin.dance, only 2 BTC were traded in the Argentine peso on Paxful in the week ending Aug. 22, whereas 48 BTC were traded on Localbitcoins, a competing P2P bitcoin marketplace. Argentine crypto traders also have access to other popular trading platforms that support ARS, such as Binance, Okex, and Bitso. The Paxful Argentina survey shows that “there is still a learning curve to cryptocurrency usage within the country,” the company added. Out of the 30.5% of respondents who said they had not invested in cryptocurrency, 24.2% said it was due to “a lack of understanding of its operation and applicability.” In addition, 12.8% said they did not possess the funds to invest while 7.7% cited fear of the “unknown new currency” as the primary reason. What do you think about crypto adoption in Argentina? Let us know in the comments section below. The post 73% of Argentines Say Cryptocurrency Best for Saving in Economic Crisis: Survey appeared first on Bitcoin News. View the full article

Ripple Labs Inc. is being sued in an Australian court for allegedly infringing a trademark belonging to several local banks. A lawsuit filed by the New Payments Platform Australia (NPPA), a joint venture between the Reserve Bank of Australia and 13 domestic banks, claims that Ripple copied its PayID brand. NPPA’s service has been in existence for more than two years, helping to facilitate instant payments across 68 million Australian bank accounts. Ripple, issuers of the XRP cryptocurrency, launched its cross-border payments service, also called PayID, in June, in partnership with 40 businesses. According to a report by The Age, a local publication, NPPA is seeking both damages and a permanent injunction preventing Ripple from using the PayID brand in Australia. The payments platform alleges that the American crypto firm lifted its registered trademark to offer closely related services. Ripple has provisionally agreed to geoblock its service from Australia, in an initial hearing at the country’s Federal Court this week, the paper reported. “Ripple’s service is clearly offered under a mark that is substantially identical with or deceptively similar to the NPPA PayID registered trademark and in relation to the same or similar services,” said NPPA in its lawsuit. The banks, which include ANZ, Westpac and NAB, claim Ripple’s PayID service infringes the local Trademarks Act. They say it “constitutes misleading and deceptive behaviour” under Australian Consumer Law and the Australian Securities and Investment Commissions Act. NPPA said the service could “irrevocably damage” its brand. It alleges Ripple’s PayID may also be used to facilitate illegal activities “such as money laundering, terrorism financing and human rights abuse”. Ripple’s XRP digital currency is the world’s third largest, with a market capitalization of $12.25 billion. During the April to June 2020 quarter, the San Francisco-based company reported that over-the-counter sales of XRP soared 1,760% to $32.55 million from $1.75 million the previous quarter. What do you think about Ripple’s alleged trademark infringement? Let us know in the comments section below. The post Ripple Sued by 13 Australian Banks for Trademark Infringement appeared first on Bitcoin News. View the full article

The American libertarian, economist and financial commentator Peter Schiff has been criticizing bitcoin for years, as he believes “bitcoin has no real value.” However, on Thursday Schiff asked the crypto community to give some bitcoin to his 18-year old son Spencer for his birthday and explained that his son “won’t lose his” wallet. The Bitcoin community is well acquainted with Peter Schiff the economist and gold bug who has been knocking bitcoin for years. Every few days, Schiff has something to say about the cryptocurrency and it’s never anything positive. Schiff’s Wiki says that “at times, [Peter Schiff] has remarked that he sees Bitcoin not as an alternative to gold, but more as resembling the tulip mania bubble.” Despite Peter’s feelings against bitcoin, just recently his son Spencer Schiff purchased some bitcoin and does not have the same contempt for it as his father does. Spencer is also like his father, as he believes in free markets and sound economics. Spencer Schiff son of Peter Schiff is a fan of bitcoin. “The free market is the nexus of mutually-beneficial, voluntary exchanges,” Spencer tweeted on August 17. “It represents cooperation, harmony, and social cohesion. Conversely, the political system is inherently divisive. Its coercive nature creates antagonistic relationships that inevitably foster conflict,” he added. Spencer just turned 18 the other day, so his father tweeted to the Bitcoin community and asked them to send his son some satoshis for his birthday. “Since so many of you Bitcoin guys are ribbing me because my son Spencer bought bitcoin, why not really rub it in by gifting him some as a belated birthday present,” Schiff wrote on Thursday. “He turned 18 yesterday. He won’t lose his. Here’s his wallet address.” Of course, Schiff was referring to the time he lost access to his bitcoin wallet after Shapeshift founder Erik Voorhees gifted him a bitcoin in 2018. Peter Schiff going head to head with Bitcoin.com’s former communications ambassador Sterlin Lujan in a debate about bitcoin at the Students for Liberty’ – Liberty Con 2018. A number of bitcoin luminaries and experts have debated Schiff in the past or have tried to persuade him about the benefits of bitcoin. Despite the attempts from many, Schiff continues to rag on the crypto day in and day out, and he gathers a lot of attention for his statements. After Schiff’s tweet about giving Spencer some bitcoin for his birthday, the gold bug said that so far his son got around $300 worth of bitcoin. “Of course, Bitcoin has no real value, but it’s the thought that counts,” Schiff tweeted. “On behalf of my son Spencer, thanks for the generous birthday gifts.” His son Spencer has achieved a sizable following on Twitter in recent months, and he speaks fondly of bitcoin and precious metals regularly. “The simultaneous surge in the prices of gold, silver, and bitcoin represents a repudiation of global currency debasement and the regime of fiat money,” the young Schiff wrote on Twitter recently. Peter Schiff’s father Irwin Schiff. Similarly, Spencer’s dad Peter amassed quite a following from his father Irwin as well. Irwin Schiff was a well known libertarian and tax resistance advocate. Irwin also testified in 1968 before the Senate Committee on Banking and Currency when the United States decided to remove gold backing from Federal Reserve Notes (FRNs). Additionally, throughout much of his life, Irwin spent writing and promoting literature that argued income tax was immoral and unconstitutional. Unfortunately, Schiff passed away in prison serving a sentence for his tax evasion and died on October 16, 2015. “In 1976, his beliefs in free market economics, limited government, and strict interpretation of the Constitution led him to write his first book, The Biggest Con: How the Government is Fleecing You,” Peter Schiff wrote about his father in 2015. “A blistering indictment of the post-New Deal expansion of government in the United States. The book achieved accolades in the mainstream conservative world, receiving a stellar review in the Wall Street Journal, among other mainstream publications,” the gold bug added in an open letter to the public. Schiff further stated: My father was most known for his staunch opposition to the federal income tax, for which the U.S. government labeled him a ‘tax protester.’ But he had no objection to lawful, reasonable taxation. Peter Schiff may not like bitcoin, but he is a free market advocate and when his father was locked away, he told the media his dad was a “political prisoner.” All three Schiffs have criticized U.S. politicians and Federal Reserve board members for fleecing the American public on a regular basis. Despite the fact that Schiff doesn’t agree with bitcoiners, most crypto proponents do agree with his disdain toward the state’s central planners and today’s money changers. What do you think about Peter Schiff asking people to gift bitcoin to his son Spencer? Let us know what you think about this subject in the comments section below. The post Free Market Family: Goldbug Peter Schiff Asks the Bitcoin Community to Gift Crypto to His Son appeared first on Bitcoin News. 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On Thursday, 17 top Federal Reserve officials explained that the committee plans to let inflation run hotter than usual, or above the benchmark 2% rate for a duration of time. Fed Chair Jerome Powell’s speech was considered a “major policy shift” and a number of economists commented on the central bank’s move. Senior director of policy at Visa, Andy Yee, said Powell’s inflation statements were historical and people should “opt out with bitcoin.” According to the U.S. Federal Reserve, the central bank will be allowing inflation to run up higher than 2% for a period of time. The Fed also said that it wouldn’t hold a bias toward the labor markets and the central bank will hold to its new policy framework. News.Bitcoin.com recently reported on the Fed’s inflation proposal and how it aims to leverage the economy’s inflation rate. “The Committee seeks to achieve inflation that averages 2% over time and therefore judges that, following periods when inflation has been running persistently below 2%,” the Fed explained on Thursday. “Appropriate monetary policy will likely aim to achieve inflation moderately above 2% for some time,” the central bank added. Following the Fed’s major policy shift to let inflation run more rampant, a few analysts and economists commented on the central bank’s new direction. Andy Yee, a senior director of policy at Visa tweeted about the Fed’s latest move to let inflation run hotter than usual. “Jerome Powell’s speech today will be for the history books,” Yee said. The Visa executive continued: Never in the history of mankind was so much stolen from so many by so few. Opt out with Bitcoin. On Twitter, the Visa executive Yee has commented on bitcoin on numerous occasions in the past. When CNBC reported that the Fed Chair was set to deliver a “’profoundly consequential speech,” Yee said: “In 2008, Satoshi Nakamoto delivered ‘profoundly consequential’ whitepaper, changing how people view money.” Raoul Pal the chief executive officer at Real Vision also explained on Twitter that he knows that gold and bitcoin have slumped in recent days, but stressed that Jerome Powell’s comments bolster an “inherent upside skew in both assets.” Pal further added: I think [gold and bitcoin will] rise over time in inflation or deflation. Most people don’t understand the latter but is simply put, Powell has shown that there is ZERO tolerance for deflation so they will do ANYTHING to stop it, and that is good for the two hardest assets – Gold and Bitcoin. Powell WANTS inflation. Pal also added that he thinks bitcoin will outperform gold during this macroeconomic storm. “Gold can go up 2x or 3x or even 5x, while bitcoin can go up 50x or even 100x,” Pal insisted on Twitter. A great number of other free market advocates spoke out against the Fed’s manipulation after Powell’s statements. Moreover, the Fed Chair never disclosed what “moderately above 2%” actually means on Thursday. News.Bitcoin.com also reported on how Robert Kaplan, the Dallas branch Federal Reserve President said it would likely be between 2.25% to 2.5%. However, St. Louis Fed President James Bullard elaborated further on the matter. “This is a very large committee as you know, with many opinions,” Bullard said during an interview with Bloomberg. “So I don’t think you want to get into precise mathematical formulas here. But the spirit of this is that, in the committee’s judgment, it would be wise to allow inflation to be above targets for some time to make up for past misses.” What do you think about the Visa executive’s recent statement towards the Fed’s policy change? Let us know what you think in the comments below. The post Visa Exec Says ‘Opt Out With Bitcoin’ Slamming Fed’s Policy Change Toward Inflation appeared first on Bitcoin News. View the full article

The U.S. Federal Reserve has announced a significant policy change to push up inflation. Bitcoin is set to greatly benefit from this policy change. Not only the price of bitcoin could surge past $500K, but a number of companies have also begun moving their reserves into the cryptocurrency to hedge against higher inflation. Fed Officially Set to Push Up Inflation The Federal Open Market Committee announced on Thursday significant changes to its policy strategy. The announcement coincides with Fed Chairman Jerome Powell’s speech to a virtual meeting of the annual Jackson Hole economic symposium. All 17 top Fed officials agreed to a policy of “average inflation targeting,” allowing inflation to run “moderately above 2%” for some period of time. This means the Fed will be less inclined to hike interest rates when the unemployment rate falls, CNBC noted. Powell said: Many find it counterintuitive that the Fed would want to push up inflation. However, inflation that is persistently too low can pose serious risks to the economy. While the Fed chairman did not clarify what “moderately above 2%” means, Dallas Fed President Robert Kaplan said Thursday that it meant inflation in a range of a 2.25% to 2.5% annual rate. The market has been expecting Powell’s speech about the Fed’s higher inflation policy. “When the bill comes due, there are two ways out,” Open Money Initiative co-founder Jill Carlson opined, adding that the first is to “Hurt the poor with inflation” and the second is to “Hurt the rich with taxation.” Carlson added, “The Fed just made option A the official policy.” Some people commented on Twitter that a “Historic Brrrrrrrrr” is incoming, referring to the sound that a money printing press makes when left running. Responding to the policy shift news, Capriole Investments founder Charles Edwards tweeted: The beginning of the end of fiat. Bitcoiners view the Fed’s announcement as bullish. Following Powell’s speech, a number of people took to social media to remind others of the benefits bitcoin offers. Mimesis Capital Louis Liu wrote, “Powell is friend of bitcoin,” while many others chimed in to just say “buy bitcoin.” Abra CEO Bill Barhydt commented: “Bitcoin doesn’t need the Fed to succeed but if they insist on throwing gasoline on the fire then so be it.” “The Fed, under the leadership of Jerome Powell, continues to be Bitcoin’s biggest booster,” Gemini Exchange co-founder Tyler Winklevoss wrote. He made a case on Thursday for a $500K bitcoin as “ultimately the only long-term protection against inflation.” He explained that the price of the cryptocurrency could appreciate 45 times from today’s price, meaning it could hit $500K per coin or even higher. The price of BTC stands at $11,453 at the time of writing. Some businesses have already moved their reserves into bitcoin to hedge against higher inflation. Nasdaq-listed company Microstrategy recently announced that it had converted reserves worth $250 million into bitcoin for this purpose. The company explained that it “observed distinctive properties of bitcoin that led it to believe investing in the cryptocurrency would provide not only a reasonable hedge against inflation, but also the prospect of earning a higher return than other investments.” Following Microstrategy, Canadian restaurant chain Tahini’s converted all of its cash reserves into bitcoin while software company Snappa allocated 40% of its cash reserves into the cryptocurrency. What do you think about the Fed’s new inflation policy? Let us know in the comments section below. The post Federal Reserve’s Major Policy Shift to ‘Push Up Inflation’ Could Send Bitcoin Price to $500K appeared first on Bitcoin News. View the full article

China’s Center for Information and Industry Development has revised its rankings of 37 crypto projects. Bitcoin has fallen from the previous ranking. As the Chinese government focuses on launching its central bank digital currency, the Center for Information and Industry Development (CCID), under China’s Ministry of Industry and Information Technology, continues to evaluate and rank crypto projects. The center released its 19th ranking update on Wednesday. The ranking and evaluation work is carried out every two months. A total of 37 crypto projects were evaluated and ranked overall as well as in three separate categories: basic technology, applicability, and creativity. There have been some changes in the top positions of the overall ranking. While EOS remains the center’s favorite, Tron dropped from the second spot to the fourth spot. Tron has been occupying the second spot for the past three updates — in June, April, and February. The current ranking places Ethereum second, followed by IOST, and then Tron. Bitcoin dropped two places from the 12th position to the 14th while Bitcoin Cash rose from the 34th position to the 30th. The center explained that the evaluation model has remained unchanged from the previous evaluation. The basic technology subindex accounts for 65% of the total score, the applicability or innovation subindex 20%, and the creativity subindex 15%. The crypto project rankings are compiled by the CCID (Qingdao) Blockchain Research Institute, an entity established by the CCID. Several organizations help with the evaluation work, including the CCID think tank and the China Software Evaluation Center. “The result of this assessment will allow the CCID group to provide better technical consulting services for government agencies, business enterprises, research institutes, and technology developers,” the center previously explained. As for China’s digital currency backed by the People’s Bank of China (PBOC), the Chinese Ministry of Commerce announced last week that its pilot run will be expanded to include “Guangdong-Hong Kong-Macao Greater Bay Area, Beijing-Tianjin-Hebei region, and Yangtze River Delta region.” Furthermore, the digital yuan will also be tested during the 2022 Winter Olympics games in Beijing and expanded to other regions as appropriate. Meanwhile, cryptocurrency data analytics firm Chainalysis reported that about $50 billion in cryptocurrency was moved out of China in the past 12 months as the Chinese economy suffered from trade wars and yuan devaluation. What do you think about this crypto project ranking? Let us know in the comments section below. The post Bitcoin Slips in Latest Crypto Ranking by Chinese Government-Backed Center appeared first on Bitcoin News. View the full article

The firm Digital Currency Group (DCG) is entering the mining industry, as the firm has pledged $100 million into a cryptocurrency mining firm called Foundry. The mining company Foundry was noiselessly founded in 2019 and it aims to offer capital, consulting, and intelligence to digital assets miners. Bitcoin mining is becoming a massive industry and the competition continues to heat up across the world. News.Bitcoin.com has been recently reporting on how mining firms like Marathon Patent Group and Riot Blockchain have been spending millions of dollars on mining rigs manufactured by Microbt and Bitmain. Meanwhile, the Bitcoin (BTC) network, in terms of hashrate, has also climbed to all-time highs at 130 exahash per second (EH/s) and the metric has more recently been hovering just below that rate (120EH/s). On August 27, the venture capital firm Digital Currency Group (DCG) announced it will commit $100 million into a firm called Foundry through 2021. DCG says that Foundry was developed in order to increase market efficiency and improved capital access into the thriving bitcoin mining industry. Foundry will provide three types of services to the crypto mining environment; advisory services, mining and staking, and equipment financing and procurement. DCG and Foundry’s announcement details that the company has already “extended tens of millions of dollars in equipment financing” to mining facilities in North America and other regions. Mike Colyer, the CEO of Foundry said: “We want to empower decentralized infrastructure in the new digital economy, and our work will support the development and growth of mining operations — particularly in North America” Colyer stresses that Foundry is “a business built by miners for miners” and the team has already partnered with a number of experts who are passionate toward growing the decentralized mining ecosystem further. The chief executive officer Colyer is a former Core Scientific executive. Over the years DCG’s investments have captured a wide variety of blockchain and crypto network infrastructure businesses since Barry Silbert founded the firm in 2015. “Our mission at DCG is to accelerate the development of a better financial system,” said Silbert during the announcement. “Digital asset mining and staking provide the backbone of the blockchain technology that will drive that advancement. Foundry is bringing critical resources and guidance to an essential corner of the industry,” the founder and the DCG chief executive officer added. 2020 has seen massive development into the cryptocurrency mining sector and institutional interest doesn’t seem to be abating any time soon. Hundreds of millions of dollars have poured into the mining economy and it has blossomed into a profitable venture for many. What do you think about DCG’s commitment to invest $100 million into Foundry and the mining ecosystem? Let us know what you think in the comments section below. The post Digital Currency Group Pledges $100 Million to Bolster Bitcoin Mining Industry appeared first on Bitcoin News. View the full article

Zimbabwe’s Mobile Money Operators (MMO) say they will comply with the latest directive by the central bank to shutdown mobile money agents. In addition, the MMOs will also limit mobile money transactions to $50 (Zwl $5,000) per day while users are now restricted to one mobile money account per person. The directive went into effect right after the monetary policy review by the Reserve Bank of Zimbabwe (RBZ) on August 21. In a sign that MNOs have lost an appetite to fight the RBZ, the mobile money market leader, Ecocash also said funds in “frozen agent accounts will only be liquidated into the affected agent’s formal bank account.” On top of that, the liquidation will “require RBZ approval on a case by case basis.” Ecocash has previously sought relief against RBZ directives through national courts. However, following changes to the regulations that govern MNOs in July, the RBZ now has an upper hand in its long-running battle against Ecocash. Nevertheless, while the RBZ appears to be winning, some believe the new restrictions to affect business activity. Others are even predicting that this will hasten re-dollarisation of the Zimbabwean economy. Zimbabwe abandoned dollarisation in late 2016 when it reintroduced local currency, the Zimbabwe dollar (Zwl). However, after years of economic decline and cash shortages, Zimbabweans are increasingly resorting to the US dollar again as a means of settling domestic transactions. The shutting down of mobile money agents will likely see an increase in demand and usage of the greenback and alternatives like bitcoin. Meanwhile, mobile money users are reacting to news of the directive by asking the MMOs how they will deal with cases of multiple accounts holders. Some mobile money users have more than one account registered in their name. The other accounts are usually given to minors or relatives who cannot have their own because they lack an identity document. Frustrated with the RBZ decision, some users went on Twitter to vent their anger. One user named Pola Polite said of the decision: “Its always the grass that suffers, so if my mother who stays in the countryside falls sick, it means I will need 5 days of sending money for her to survive!” Another user, Shefu Tendai said: “So this means that if my grocery is Zwl $15000 per month I will need to go to the shop 3 times. Well, my bill is 10k that means I will need to make the payments in 3 days and then do not make any other payments. [Reserve Bank of Zimbabwe] please review payment to merchants amount.” However, other users also blame Ecocash for inviting the RBZ’s latest directive. One user, Lee Ann Benard tells Ecocash: “was about time you stabilise the system and put a stop to unscrupulous dealing by greedy people. Mobile money should be linked to one’s bank account ridiculous buying your own currency at a percentage. Great move.” Meanwhile, the latest directive by the RBZ and the apparent compliance by MMOs will likely affect bitcoin traders that still accept mobile money as payment. The set daily transaction limit is far below typical daily bitcoin trades. Additionally, the dumping of mobile money as a payment method means informal bitcoin transactions will have to be conducted in person. However, with movement currently curtailed due to Covid-19 restrictions, many traders will find it hard to trade as well as they did before the new regulations. In the meantime, peer to peer trading platforms that list Ecocash as a form of payment will now be forced to drop this as a payment option. What does the latest RBZ directive mean for the future of mobile money? Tell us what you think in the comments section below. The post Zimbabwe’s Mobile Money on Life Support as Central Bank Tightens Screws: Restrictions to Affect P2P Bitcoin Trading appeared first on Bitcoin News. View the full article

Commercial banks by far pose the greatest risk of money laundering in Mexico compared to crypto-related companies, according to a new report by the country’s Financial Intelligence Unit (FIU). The study singles out what it calls the “G7 banking group”, which includes BBVA, Santander, Citibanamex, Banorte, HSBC, Scotiabank, and Inbursa, as the biggest conduits of illicit money in the South American country. Brokerage firms and foreign exchange entities have also been flagged as “high risk”, El Economista reported. The “G7 banking group” controls 80% of the assets within Mexico’s financial sector. However, Mexico’s second National Risk Assessment report did not provide figures for the potential loss from bank-linked money laundering activities. Santiago Nieto Castillo, who heads the FIU, noted that the “G7 banking group” is “the most regulated sector” in the country. But even then, “multiple banking, made up of the seven largest banks in Mexico, is the sector most likely to be used to carry out money laundering operations,” he said. Regulators throughout the world have long been suspicious that bitcoin (BTC) exchanges and other crypto companies might be liable to using their platforms to facilitate illegal financial transfers. So, authorities have been tightening screws around anti-money laundering (AML) reporting requirements for crypto exchange operators and other blockchain companies. In Mexico, digital asset firms must report transactions of more than $2,500 to the financial regulator, in line with AML requirements. This may be a one-time transaction or those that occur over a period of six months. But operating a cryptocurrency business in the country requires that one pays $35,000 in licensing fees and generate up to $100,000 in profit per year, according to a new law targeting fintech companies, which came into force in 2019. The requirements reportedly sent a number of firms underground. Now, in its latest report, Mexico’s Financial Intelligence Unit did not classify virtual assets-related risk – but that does not imply the sector is risk-free. Regulators still consider crypto susceptible to money laundering and terrorism financing, but only as an “emerging risk”. Cryptocurrency trading is booming in Mexico thanks to a combination of a lack of public confidence in the banking sector, the promise of cheap financial transfers, and other factors. Bitso, the country’s number one crypto exchange, has reportedly more than tripled trading volume during the eight months to May 2020. The platform now boasts over one million users, of which 92% are locals. What do you think about banks and money laundering in Mexico? Let us know in the comments section below. The post Banks in Mexico Pose Greater Money Laundering Risk Than Crypto Firms, Says Report appeared first on Bitcoin News. View the full article

The last few months have bolstered the price of the precious metal gold as governments worldwide have created tremendous amounts of debt and inflation. For instance, the value of gold per ounce jumped over $2k during the first week of August. Meanwhile, similarly to the physical counterparts, two blockchain tokens that claim to be backed by gold have seen significant demand and small premiums. While a handful of other ‘digital gold’ crypto coins have seen market valuations shudder this year. On August 3, 2020, the price of a single ounce of .999 gold spiked to $2,045 per unit. Since then, the precious metal per ounce lost -5.6% in value during the course of the month. Experts believe that gold’s value could jump to $3k per ounce by the year’s end if politicians and central banks continue to create economic disasters. While gold has increased considerably this year, it’s been growing much harder to obtain physical bullion, gold coins, and bars unless you buy in bulk. The spot price at the time of publication for one ounce of fine gold on Thursday, August 27, 2020, is around $1,926. The infamous gold bug and analyst Egon von Greyerz has warned investors on various occasions that in recent months that there is a “massive shortage of physical gold.” Especially when it comes to traditional gold futures markets and the London bullion market (LBMA). The LBMA is one of the largest wholesale over-the-counter markets for gold and silver worldwide. “There is a massive shortage of physical gold in the futures markets and LBMA system. As gold goes up and the holders of gold ask for physical delivery, there will be no gold available to settle the paper claims,” the analyst stressed. Another sector that has been growing fervently is the demand for gold-backed cryptocurrencies and two of these tokens are fetching a premium. During the last two weeks, the gold-backed tokens PAXG, and XAUT have seen consistent premiums over the spot price of gold between 0.5% to 3%. For instance, this year there are more than 77 crypto projects that leverage the shiny yellow precious metal. Tether Limited has issued a coin called XAUT which is trading for $1,938 per ounce as opposed to the spot price of gold’s $1,926. A single XAUT is represented by “one troy fine ounce of gold on a London Good Delivery gold bar.” XAUT carries a 0.62% premium at the time of publication. Pax Global’s pax gold (PAXG) token also carries a small premium right now over the spot price of gold today at $1,934 per PAXG. The PAXG token is also backed by one fine troy ounce London Good Delivery gold bar. As far as market valuation and trade volumes, a number of smaller gold-backed tokens pale in comparison to PAXG and XAUT tokens. In 2020, Tether Limited and Pax Global’s gold crypto products stand out above the competition. The Karatgold coin market has been incredibly bearish in 2020. The project claims it is backed by 4% of physical gold, however, Florida state regulators have investigated the project’s creators alongside regulators warning investors from South Africa and Germany. Since the start of the investigations into the KBC creators, the gold ERC20 token has slid in value considerably. For instance, during the first month of 2020 Karatgold coin (KBC) has a market capitalization of around $65 million. Today, KBC’s market cap is down to $16 million, and during the last 24 hours the token has shed -26.38%. The creators of KBC have been involved in multiple investigations involving financial regulators from a variety of countries. DGX tokens represent one gram of 99.99% gold bars cast from refiners approved by the London Bullion Market Association according to the project’s founders. Digixglobal’s digix gold token (DGX) has seen a slight market cap increase since the start of the year, as it has increased $968,892 so far. DGX only has around $200,000 a day worth of global trade volume. The token price of a single DGX has lost -6.54% in value during the last 24 hours. The project launched by Coinshares, digital gold (DGLD), is featured as an “Untracked Listing” on Coinmarketcap.com, but the website shows no market data. “Each DGLD token represents ownership of 1/10th of a fine troy ounce of gold, vaulted in Switzerland,” according to the DGLD white paper. DGLD trades on the exchange operated by Blockchain.com and the token is paired with bitcoin (BTC). A single DGLD is swapping for 0.016882 BTC ($190) at the time of publication. What do you think about gold-backed digital currencies? Let us know what you think about these projects in the comments section below. The post As Gold Prices Soar, Two Gold-Backed Tokens See Increased Demand Fetching Premiums appeared first on Bitcoin News. View the full article

A number of university researchers published a study that demystifies the “fake deposit vulnerability” in Ethereum-based smart contracts. The findings show that over 7,000 tokens worth more than $1 billion built on top of Ethereum are vulnerable to two types of attacks that exploit smart contracts. Researchers from the University of Queensland, Beijing University of Posts and Telecommunications, Zhejiang University, and Peking University have published a paper that describes a vulnerability held by over 7,000 Ethereum-based tokens. Essentially, the tokens created have verification methods that are subpar to ERC20 contracts released after 2017. The vulnerability allows the token’s codebase to be manipulated and hackers can easily steal millions of dollars by executing the “fake deposit vulnerability.” What is worse is that there are more than 25 million smart contracts built using the Ethereum network and the researchers say only “0.36% of them have released their source code according to our dataset.” Moreover, the paper discusses that the tokens are vulnerable on both decentralized exchanges (dex) and centralized exchanges (cex) because they allow these coins to be swapped “without comprehensive verification.” The team of researchers leveraged a tool called “Deposafe,” which allows the testing of a large number of ETH-based smart contracts. “In this work, we have systematically characterized the fake deposit vulnerability in Ethereum. Deposafe, an automated tool is proposed to perform the detection and verification of the vulnerability,” the paper states. “We demonstrate the efficiency of Deposafe with experiments on a large number of smart contracts. Our observations reveal the prevalence of fake deposit vulnerability in the ERC20 smart contracts,” the university’s scholars wrote. The investigators found that 7,735 tokens can be influenced by the fake deposit vulnerability using a “Type-I attack.” While “7,716 tokens that are vulnerable to “Type-II attack” with a market cap of over $1 billion. “The number of holders and transactions would be 695K and 4.6 million respectively,” the paper stresses. The paper also identifies the dexes that have high active trading on a daily basis and could suffer from the fake deposit attack. Dex platforms listed in the researcher’s paper include Ether Delta, DDEX, and IDEX. Centralized exchanges (cex) that fall victim to the fake deposit attack could lose substantial amounts of funds. “If a cex allows these tokens to be traded without comprehensive verification, the financial loss will be tremendous,” the paper highlights. The authors of the report say that the efforts they have provided can “contribute to bring developer awareness” and hopefully “promote best operational practices across blockchains.” The listed cex platforms mentioned in the researcher’s study include companies like Kraken, Binance, and Coinbase. ERC20s who are allegedly vulnerable to the fake deposit exploit include BRC token, PWR token, BAT, HPT token, Cloudbric, RPL token, Moviecredits, and more. What do you think about the fake deposit attack? Let us know what you think about this subject in the comments section below. The post Over $1 Billion Ethereum-Based Tokens Vulnerable to ‘Fake Deposit Exploit’ appeared first on Bitcoin News. View the full article

The U.S. Securities and Exchange Commission (SEC) has amended the definition of accredited investors, such as to include those with proven financial knowledge. The broader definition will enable more people to invest in private offerings of cryptocurrency investments. SEC’s New Accredited Investor Definition The SEC announced Wednesday that it has adopted amendments to the definition of “accredited investor.” The new, broader definition will open up many cryptocurrency investments previously available only to high-net-worth individuals and institutional investors to more buyers. Grayscale Investments’ cryptocurrency products, for example, are available to accredited investors. SEC Chairman Jay Clayton commented: For the first time, individuals will be permitted to participate in our private capital markets not only based on their income or net worth, but also based on established, clear measures of financial sophistication. The SEC has also “expanded and updated the list of entities, including tribal governments and other organizations, that may qualify to participate in certain private offerings,” Clayton continued. The amendments “add a new category to the definition that permits natural persons to qualify as accredited investors based on certain professional certifications, designations or credentials or other credentials issued by an accredited educational institution, which the Commission may designate from time to time by order,” the SEC detailed. Holders in good standing of the U.S. Series 7, Series 65, and Series 82 licenses are qualifying natural persons. The SEC added that “Members of the public may wish to propose for the Commission’s consideration additional certifications, designations or credentials that satisfy the attributes set out in the new rule.” The amendments also “include as accredited investors, with respect to investments in a private fund, natural persons who are ‘knowledgeable employees’ of the fund,” the Commission noted. The changes will become effective 60 days after publication in the Federal Register. Crypto-friendly SEC Commissioner Hester Peirce, often known as crypto-mom, said the definition expansion “is a step in the right direction.” However, she expressed: “It does not assuage my concerns … Why should I, as a regulator, decide what other Americans do with their money?” She tweeted: Americans shouldn’t have to ask the SEC for permission to invest, but today’s accredited investor rule at least offers people a path to ask permission based on their education, rather than simply telling them ‘no, unless you’re rich.’ “The alleged justification is investor protection,” Peirce continued. “People can’t lose their money on investments if they aren’t allowed to invest. Yes, that is true, but where does that principle take us? Someone who does not invest at all will not lose any money on investments.” The commissioner believes that the people will still lose. “She will lose the opportunity to see her money grow more than it could sitting in a bank account. She will lose the opportunity to be part of enterprises that she believes will transform society. And she will lose her right to make decisions for herself,” Peirce opined. Her term at the SEC has recently been extended. What do you think about the SEC’s new definition of accredited investors? Let us know in the comments section below. The post SEC Redefines Accredited Investors to Include Those With Proven Knowledge appeared first on Bitcoin News. View the full article

The number of bitcoin ads appearing in major newspapers is growing. The front page of Apple Daily, a major newspaper in Hong Kong, featured a “Bitcoin will never ditch you” ad this week. Bitcoin ads also recently appeared in leading Indian newspaper The Economic Times, the Financial Times, as well as on TV. Bitcoin Ads in Major Newspapers Bitcoin appeared on the entire front page of the Apple Daily newspaper in Hong Kong on Monday. Apple Daily was founded in 1995 by media tycoon Jimmy Lai, who was arrested on Aug. 10 by the Hong Kong police on charges of violating the new controversial national security law imposed by Beijing. A Reuters Institute poll conducted last year shows that Apple Daily and its news website were the second-most used in Hong Kong. Lai also founded popular Asian clothing retailer Giordano and Hong Kong-listed media company Next Digital. Apple Daily’s bitcoin ad is partly in Chinese and English. The first English sentence featured across the top section of the front page reads, “Bitcoin will never ditch you,” accompanied by an artistic signature representation of Satoshi Nakamoto, the pseudonym of Bitcoin’s creator. Hong Kong-based journalist Aaron Mc Nicholas translated the first Chinese sentence, which states: Banks, it’s not you ditching me today. It’s me ditching you. The ad continues in English at the bottom of the page. It says: “Bitcoin is digital money. It is not issued or controlled by any government or cooperation. Nobody can stop you from transacting on the network and it cannot be shut down. Bitcoin is available to anyone regardless of their nationality, gender or beliefs. Bitcoin began with the genesis block during the financial crisis of 2009. Now its time is coming.” Many people on social media view this ad as extremely bullish for bitcoin. The U.S. Treasury Department sanctioned 11 Hong Kong and mainland officials on Aug. 8, including Hong Kong Chief Executive Carrie Lam, over the national security law. Compliance officials explained that sanctioned individuals could find their overseas bank accounts closed and bank-issued credit cards canceled by financial institutions concerned about losing access to the American financial system, SCMP publication conveyed. One Reddit user described Apple Daily as “one of the few Cantonese language, independent news sources remaining in Hong Kong,” adding that “They’re somewhat in the centre of this political storm, that includes recent sanctions on 11 government officials by the US. So it’s a very deliberate placement.” Several other users agreed. Three major newspapers feature bitcoin ads this month: Hong Kong’s Apple Daily (left), the Financial Times, and India’s The Economic Times (right). On the same day the bitcoin ad appeared on the front page of Hong Kong’s Apple Daily, an ad for cryptocurrency investing also appeared on the front page of a leading newspaper in India, The Economic Times, in Bengaluru. It was placed by Indian cryptocurrency exchange Bitbns for a promotion that ended Monday. Michael Novogratz’s Galaxy Digital placed a full-page ad in the Financial Times on Aug. 13 with a bolded headline that reads: “Now is the time to invest in bitcoin. In uncertain times, bitcoin is a hedge independent of the hegemony.” All three ads followed a bitcoin TV campaign by Grayscale Investments that kicked off on Aug. 10 on CNBC, MSNBC, FOX, and FOX Business. Within less than a week of the campaign launch, the company announced that it raked in record weekly investments of $217 million. What do you think about bitcoin ads in major newspapers? Let us know in the comments section below. The post ‘Bitcoin Will Never Ditch You’ Ad Dominates Front Page of Major Hong Kong Newspaper appeared first on Bitcoin News. View the full article

Why do we have to store our digital assets with hesitation? We’ve lost trust in many scam exchanges such as Wex, BITPoint… Maybe this is the right time to look for an exchange that doesn’t need us to deposit to trade. DEC77 is an outstanding decentralized exchange built on Ethereum’s ERC777 platform. Using 0x protocol all ERC-20 tokens can be traded. DEC777 offers the most complete trading experience of all ERC-20 tokens listed. Once on-site, users can view trading pairs and the status of various order books, and the interface gives users the ability to set up market/limit orders. Like centralized exchanges, the order book is also updated in real-time, which means that matching buyers with sellers is relatively efficient… With DEC777 you can place your order directly without depositing your tokens to the exchange, and so reduce a high amount of risk of malicious behaviour. On the other hand, we also publish DEC tokens that will be used as the main token in the DEC777 exchange. Base on the tokens, holders will get profit from DEC777 exchange as shares that is calculated on how many tokens you hold. Further more, we are going to build everything decentralized via IPFS and no central authority can control DEC777 exchange anymore. Does this sound exciting? Stand with us today and never regret it! Some information you need to know if you are an investor: Angel Seed sale: Begin from August 26 2020 to September 07 2020 Public sale: Begin from September 07 2020 to September 22 2020 – Total supply 18,000,000 tokens – Circulate 13,000,000 – locked 5,000,000 – DCF 6,777,000 – Team dev 4,333,000 – Angel invest 3,000,000 – Price 01 eth = 500 DEC The tokens will be transfered immediately when you do an investment through contract. Check out whitepaper here! Website : https://dec777.com/ https://t.me/DEC777official https://medium.com/@dec777official https://twitter.com/dec777official Supporting Link https://dec777.com/ Contact Email Dec777.com@gmail.com This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. The post DEC777 Decentralized Exchange – The Last Resort for the People Who Lost Trust in Centralized Exchange appeared first on Bitcoin News. View the full article

The U.S. Securities and Exchange Commission (SEC) has published a new filing for a bitcoin fund, submitted by Fidelity Investments’ head of strategy and planning. Bitcoin Index Fund Filed With SEC The SEC published Wednesday a Notice of Exempt Offering of Securities (Form D) filing for a new bitcoin fund. The issuer is Wise Origin Bitcoin Index Fund I, incorporated in Delaware this year. The minimum investment for this new bitcoin fund that will be accepted from any outside investor is $100,000. Fidelity Brokerage Services and Fidelity Distributors Company will receive sales compensation. Peter Jubber, Head of Strategy and Planning at Fidelity Investments, is listed as “the President and a director of FD Funds GP LLC, the general partner of the issuer.” Jubber has also filed Form D with the SEC for two other funds of similar names that do not mention bitcoin: Wise Origin Fund I and Wise Origin Fund II. The former was filed in January and the latter in April. A person familiar with the matter told Bloomberg on Wednesday that the fund will be a passively-managed, bitcoin-only fund available to qualified investors. Fidelity Digital Assets, the cryptocurrency arm of Fidelity Investments, will custody the fund. “Fidelity has made a long-term commitment to the future of blockchain technology and to making digitally-native assets, such as bitcoin, more accessible to investors,” the company said in a statement to the news outlet. Wednesday’s filing seeks an exemption from registration requirements under Rule 506(B) of Regulation D for private placements. This rule allows companies to raise an unlimited amount of money and sell securities to an unlimited number of accredited investors, subject to some restrictions, such as not allowing general solicitation or advertising to the market. Fidelity’s filing comes as bitcoin is gaining popularity among institutional investors. In June, Fidelity Digital Assets released the results of a survey it conducted on institutional interest and adoption of cryptocurrencies. “Almost 80% of institutional investors find something appealing about digital assets,” the firm found. What do you think about Fidelity launching a bitcoin fund? Let us know in the comments section below. The post New SEC Filing Shows Fidelity Preparing to Launch Bitcoin Fund appeared first on Bitcoin News. View the full article

The Nasdaq-listed cryptocurrency mining company, Marathon Patent Group, has announced it will be purchasing Fastblock Mining in an all stock transaction. The firm’s letter of intent revealed Marathon will acquire Fastblock for around $22 million. The company will obtain 3,304 ASIC bitcoin miners from the deal, which will give the business a total of 5,364 Miners and an added 208 petahash per second (PH/s). A few of the top publicly listed mining companies have been making significant moves in the U.S. in order to become the country’s largest bitcoin mining operation. During the middle of August news.Bitcoin.com reported on Marathon Patent Group’s purchase of 10,500 Bitmain miners. This week on Tuesday, Riot Blockchain purchased 8,000 miners from Bitmain as well. Both firms have been going head to head in order to capture the most hashrate. The day before Riot’s announcement, Marathon revealed it acquired 1,300 ASIC machines between Bitmain Antminers and Microbt’s Whatsminer series. Marathon says the Fastblock Mining acquisition will add 208 petahash per second (PH/s) giving the firm around 394 PH/s to-date. At the time of publication, the Bitcoin network hashrate is around 120 exahash per second (EH/s). The letter of intent announced on Wednesday said that Marathon plans to acquire Fastblock Mining by leveraging an all stock transaction. Essentially Marathon utilized 8,658,009 shares of its common stock in a private placement transaction. Fastblock was created in 2014 and the cofounder Bernardo Schucman will continue to work with Marathon as the firm’s Head of Mining Operations. “[Marathon] will work with Fastblock’s management team to immediately begin expansion of the current power capacity in the Atlanta, Georgia facility from 15MwH to 45MwH,” the company’s press statement details. “The facility may be expanded up to a maximum of 100MwH of power should the Company’s expansion efforts require additional power.” “This acquisition completes the final piece of our transformation,” Marathon’s CEO Merrick Okamoto said. “We are now well capitalized, control our own future with our own facility with extremely low power costs, and now we have one of the most experienced Bitcoin mining teams to run our operations.” The letter of intent notes that the acquisition should be 100% complete by the end of September 2020 depending on customary closing conditions. Fastblock’s cofounder said the firm was in search of an investor who wanted to continue building bitcoin mining infrastructure. Schucman claims to have built or managed over 20 crypto data centers and has mined over 50,000 BTC during his tenure. “We have been actively seeking a partner that could help us build one of the largest bitcoin mining companies in North America,” Schucman concluded. What do you think about Marathon’s plans to purchase Fastblock Mining and the added 208 PH/s? Let us know what you think about this subject in the comments section below. The post Capturing Petahash: Marathon Obtains 3,300 Bitcoin Mining Rigs, Acquires Fastblock for $22 Million appeared first on Bitcoin News. View the full article

With sophisticated fraud schemes seemingly overwhelming the African crypto market, there is a growing need for players in the space to help fight this scourge. Some are responding through increased educational campaigns, which they hope will not only turn the tide against scammers but will also attract masses to cryptocurrencies. News.Bitcoin.com has reported in the past how one Nigerian fintech entity chose a popular reality television show to market bitcoin. Using the popular television show may have helped to bring the crypto into the limelight. However, more still needs to be done if ordinary people are to become fully knowledgeable about digital currencies. In this report, we zero in on one influencer who has chosen a different path to crypto education–a book that explains digital currencies in simple terms. Nathaniel Luz is the author of the book titled: “Digital is the Cash” and is the leader for Dash in Nigeria since 2017. Using a Book to Raise Awareness An award-winning libertarian, Luz says he decided to write the book after observing the yawning knowledge gap that still exists in the crypto space. According to him, current African crypto literature seems too focused on equipping readers with trading basics and tactics. Not enough is being done to educate people about the very basics of digital currencies and why they are needed digital currencies in the first place. The limited knowledge gained from such learning material is not enough to hasten adoption cryptocurrencies. According to Luz, these are some of the factors that prompted him to think about writing the book. Published in 2019, the book seeks to help Africans as well as non-Africans readers to understand the Dash cryptocurrency without burdening them with unfamiliar terms. Since publishing, the book has been distributed to regulators, universities, and many more mainstream institutions in Nigeria. Positive Feedback Commenting on the feedback he is getting, Luz expressed satisfaction with what he is seeing so far. “It’s been amazing. The (positive) feedback from the regulators, educational institutions, and organizations has been overwhelming. This campaign allows us to reach out to thousands of people in a way they’re familiar with – Hardcopy books.” The organizations targeted as part of the Dash Nigeria’s “Digital Cash Awareness Drive” include Nigeria Deposit Insurance Corporation (NDIC) as well as the Abuja Securities and Exchange Commission. The Chartered Institute of Bankers Nigeria, which also received copies of the book, is one of the organizations that has given thumps up to Luz and his team. In a letter addressed to Luz, the institute said of the book: “the publication will serve as excellent reference material for the Insititute and for users of its library.” Similarly, a library official at Obafemi Awolowo University, Ile-Ife in Nigeria, commends Luz for his efforts in trying to demystify digital currencies. “The book is indeed a rich package of information that will give all readers an easy understanding of the new digital cash system,” said the official. The English language book is also available in French, Spanish, and German. According to Luz “the book is licensed under a Creative Commons Attribution-Non-Commercial-Share Alike 4.0 International License, so anyone can reproduce it as long as it’s not for commercial purposes.” Meanwhile, the Leader of Dash in Nigeria says his organization has also partnered with the 125 member Fintech Association of Nigeria whose community “cuts across various sectors of the economy including financial services solutions providers and banks.” Another partnership has been created with Campus BCAT, a crypto educational movement sweeping through tertiary institutions in Nigeria since 2019. According to Luz, Campus BCAT has “committed to donating 1,000 copies to universities and student tech/ finance clubs across 30 tertiary institutions in Nigeria.” The campaign has also gone beyond Nigerian borders as similar “educational outreaches in Cameroon, South Africa, and Kenya also ongoing.” Besides the book, Dash Nigeria also produces educational videos in addition to its academy. Libertarian Ideals In the meantime, while espousing his libertarian ideals, Luz explains why cryptocurrencies trump fiat currencies like the Niara, which was devalued recently. “These (currency devaluation) are the problems crypto came to solve. Crypto was born out of the libertarian ideology of people having total control over their money. A P2P uncensored, borderless, permissionless system of value transfer that relies on no central authority for validation.” Luz is also of the opinion that most cryptocurrencies have deviated from these core “libertarian values” with space now dominated by “chants of bull and moon.” Still, he emphasizes his vision saying “we are not here primarily for bull and moon, we are here to secure the financial power of individuals.” According to Luz, Dash is one cryptocurrency that has remained true to these values. He says it is faster and cheaper to send remittances or make payments with Dash. What do you think of this idea to publish a booking explaining the digital currency? Share your thoughts in the comments section below. The post Dash Nigeria Takes Digital Currency Education Campaign to Regulators and Key Institutions appeared first on Bitcoin News. View the full article