Millennial and Male: 3 Crypto Card Issuers Profile Their Average User

Platforms offering debit cards that can be topped up with cryptocurrency have enjoyed growing popularity in the crypto community. They provide a payment solution for those who earn and own digital coins, enabling in-store and online crypto payments. Their expanding user base provides a snapshot of the kind of people who spend crypto on a daily basis and what they like to buy. Also read: Crypto Debit Card Targets Generation Z With a Promise of Financial Freedom Highly Educated, Overachieving Foodies Three European companies with crypto card products shared what…

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Keeping Your Assets Safe — Crypto Insurance May Soon Become the Norm

Modern crypto exchanges often have audited financials, chief compliance officers, and seek out regulators without hesitation. Will insurance be the next step? If the crypto sector is to attract more institutional investors, it will need to provide more insurance solutions. This point was driven home anew with the recent news that the Gemini crypto exchange has launched a captive insurance company, Nakamoto Ltd., to insure its Gemini Custody business for up to $200 million — reportedly the largest amount for any crypto custody service in the world.  This new insurer…

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Paypal Pullout Prompts Pornhub to Add Tether as Payment Option for Its Adult Models

The porn industry is seen by many as a perfect fit for widespread cryptocurrency usage as it suffers from financial censorship far more than most businesses. When Paypal stopped servicing Pornhub models, the company hinted it might turn to digital currency as an alternative and now this has been accomplished with the Tether stablecoin USDT. Also Read: Pornhub Suggests Crypto Payments After Paypal Censors Model Payouts Pornhub Turns to Tether as Payment Method Pornhub, part of the Canada, Montreal-headquartered online adult entertainment conglomerate Mindgeek, has announced that they have added…

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Accused Bitcoin Launderer Vinnik Reportedly Arrives at French Hospital

According to a Facebook post by Alexander Vinnik’s lawyer, Zoe Konstantopoulou, the alleged BTC-e money launderer has successfully been extradited to France. According to a Facebook post by Alexander Vinnik’s lawyer, Zoe Konstantopoulou, the alleged BTC-e money launderer has successfully been extradited to France.  Social media update In a post on the social media site at UTC 8:10, Konstantopoulou wrote:  “Alexander is at Hotel Dieu Hospital in Paris, as my French colleague informed me, while the Greek authorities are hiding and pretending to know nothing. She hasn’t been allowed to…

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Kik Representative Will Give Deposition in SEC Case on Jan. 28

The U.S. SEC has requested that Kik Interactive Inc. provided detailed information about its operations since it released its native token, Kin. The United States Securities Exchange Commission (SEC) has requested a deposition from a representative of Kik Interactive Inc. to provide detailed information about its operations since releasing native token Kin. Kik Interactive, the Canadian company behind the Kik messenger application, has been dragged into a long-standing legal battle with the U.S. regulator. The SEC claims that the company violated securities laws when it carried out Kik’s token distribution…

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Securities Regulator of India Bets on Blockchain

The chairman of the securities market regulator of India urges exploration of the best possible usages of blockchain for security markets. The Chairman of Security and Exchange Board of India(SEBI), Ajay Tyagi makes a bet on blockchain technology and urges exploration of the best possible usage of blockchain in securities markets. SEBI is the regulator of the Indian securities market. On Jan 23, speaking at a research conference on ‘Changing Landscape of Securities Market’ organized by the National Institute of Securities Markets, Patalganj, Tyagi said that applications of blockchain, artificial…

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How Payswap Can Confuse Blockchain Analysts, Benefiting Bitcoin Privacy for All

Although Satoshi Nakamoto’s white paper suggests that privacy was a design goal of the Bitcoin protocol, blockchain analysis can often break users’ privacy. This is a problem. Bitcoin users might not necessarily want the world to know where they spend their money, what they earn or how much they own, while businesses may not want to leak transaction details to competitors — to name some examples. But there are solutions to regain privacy. A new solution was proposed on the bitcoin-dev mailing list this week, by the Bitcoin and Lightning…

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Litecoin ‘Digital Silver’ Narrative Is Proven Wrong, New Data Shows

Data shows Litecoin is not “digital silver” but a slight correlation between LTC and silver can provide insight into the digital asset’s future returns. The start of 2020 has seen considerable gains in the cryptocurrency market as a whole. Recently, Bitcoin (BTC) price reached a 2-month record high crossing above the $9,000 mark as well as other cryptocurrencies such as Litecoin (LTC) reaching $62.80 which is the highest price seen since mid-November 2018. Cryptocurrency market weekly overview. Source: Coin360 Cryptocurrencies’ volatile behavior is one of the main concerns raised by…

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Chainalysis Finds Exchanges Bolstering Security While Hackers Refine Attacks

A Chainalysis report finds more exchange hacks in 2019, but less money stolen than in heists from previous years. A Chainalysis report has found an increase in number of exchange hacks in 2019, though less crypto was actually stolen than in previous years. The findings In the report, Chainalysis includes only exchange attacks (excluding wallet providers, payment processors, etc.). The firm includes hacks against technical vulnerabilities, deceptive attacks, like social engineering, and attacks that they confirmed and measured in value. It also includes hacks from private sources, so long as…

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Bitcoin Cash Miner Jiang Zhuoer Answers Infrastructure Funding Questions

On Wednesday, Btc.top founder Jiang Zhuoer disclosed that five mining operations had plans to donate roughly $6 million in coinbase rewards (depending on market prices) to developers building Bitcoin Cash infrastructure. The news was met with mixed reviews as some of the specifics of the deal were scrutinized and the miner funding subject has been the topic of debate across the entire cryptosphere. On Jan. 23, Zhuoer discussed the developer fund idea in an Ask-Me-Anything (AMA) appearance on Reddit. Also Read: Bitcoin Cash Sees Mining Pool Shift and Hashrate Surpass…

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