The information will be used to develop regulation aimed at tackling the illicit use of cryptocurrencies. On Monday, two Democratic Representatives asked the Trump administration to provide more information on cryptocurrency recently seized from terrorists. According to an Aug. 26 report by The Hill, the request is related to the millions of dollars in crypto…
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Bybit has also added support for the Vietnamese language on its platform. Cryptocurrency derivatives exchange Bybit has added support for the Japanese yen and South Korean won in a bid to expand its roots in Asian markets. In an announcement on Aug. 26, Bybit said the addition of these two new fiat currency payment options…
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Careful! Those job offers you’re seeing on LinkedIn might actually be a crypto attack. Lazarus, a group of hackers who are allegedly backed by North Korea, is now reportedly attacking crypto and blockchain talent through major professional social network, LinkedIn. According to a report by the Finnish cyber security and privacy firm, F-Secure, the latest…
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The U.K.’s financial watchdog wants crypto firms to submit annual financial crime reports to help it cement a data-led approach to regulation. Cryptocurrency firms in the United Kingdom could soon be faced with more extensive Anti-Money Laundering (AML) reporting requirements. In a consultation paper published this month, the Financial Conduct Authority proposed broadening annual financial…
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Mario Havel of Paralelni Polis said Samourai’s allegations are correct. Although the privacy-focused Bitcoin (BTC) wallet Wasabi Wallet recently dismissed allegations that its anonymity features may be compromised, a third-party expert disagrees. In an August 19 blog post, Wasabi competitor Samourai claimed to have “discovered two potential privacy vulnerabilities in the Wasabi Wallet software.” Per…
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Iran is rewarding people who turn in crypto miners operating without a license. Whistleblowers helped Tavanir, Iran’s power company, shut down 1100 crypto mining farms that were allegedly operating without the proper licenses. Although Tavanir says that some of the miners were using “high levels” of subsidized electricity, their report clarified that no significant changes…
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Users are afraid they may be in the middle of an exit scam. Empire Market, a major darknet marketplace for buying and selling illicit goods, has been offline for over 48 hours as of press time. Customers have begun to raise concerns about whether a distributed denial-of-service attack is causing the site to stay offline —…
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According to an educational video from the International Monetary Fund, cryptocurrencies could be ‘the next step in the evolution of money.’ An old International Monetary Fund video explaining the benefits and disadvantages of cryptocurrency has resurfaced on social media, and many viewers are largely unimpressed. The two-minute video originally published in June 2018, which the…
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Some new upgrades to keep in mind. The Binance Chain mainnet, a blockchain software system developed by Binance and its community, is scheduled to do a hard fork upgrade around August 28 at 6:00 AM UTC. According to the company’s post on August 23, the full node runners on the mainnet are expected to switch…
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Nothing in life is free. MetaMask announced it had made updates to its products’ use license. The company stated in a press release published on its blog that the new updates will not have any impact on all end-users, most application developers and non-profits and will be free of charge for those groups. The company…
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