Bitcoin Cash Captured More Than 10% of Darknet Sales Last Month

2019 was an interesting year for darknet markets (DNMs) and a number of marketplaces closed for a variety of reasons. Despite the closures, crypto payments on DNMs doubled for the first time in five years. Moreover, statistics from the blockchain analytics provider 1000x Group show digital currencies like bitcoin cash (BCH) have joined BTC’s dominant role within the deep web. Also Read: BCH Merchant Directories Now List 4,300 Bitcoin Cash-Accepting Businesses 1000x Group Data Shows An Uptick of Bitcoin Cash Used for Darknet Sales There’s been a number of reports…

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Australia’s Blockchain Roadmap Isn’t Music to Everyone’s Ears, Draws Criticism

So far, 2020 has been a year of cryptocurrency regulation… Now, Australia has unveiled its five-year blockchain strategy. So far, 2020 has been a year of cryptocurrency regulation: The European Union, the United Kingdom and Singapore have officially introduced their approaches to the burgeoning industry. Now, Australia has published its national roadmap, hoping to become a global blockchain leader.  Last Friday, Australia’s Department of Industry, Science, Energy and Resources launched the national blockchain roadmap — a 50-page document that defines how blockchain technology could benefit the local economy over the…

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Bitgo to Offer Regulated Crypto Custody in Switzerland and Germany

European crypto exchanges, as well as other companies with significant crypto holdings they need to protect, now have another option for cold storing their digital fortune. Bitgo is expanding out of the U.S. and into Europe with two new companies in Switzerland and Germany. Also Read: German Fintechs Rush to Offer Crypto Custody Services Under New Law Bitgo Expands to Switzerland and Germany Bitgo, which provides institutional clients with security and financial services for digital assets, has announced that the company is expanding its international presence with two custodial entities…

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Blockstack Pauses App Mining Pilot Due to Challenges in Running Program

Privacy-centric computing network and app ecosystem Blockstack has paused its App Mining pilot due to a range of challenges. Privacy-centric computing network and app ecosystem Blockstack has paused its App Mining pilot due to a range of challenges. Rolled out in 2018, the App Mining project is designed to incentivize developers to build apps on Blockstack. Although the startup has ostensibly seen a healthy app growth throughout 2019 — from 46 to more than 400 apps so far, — it admitted an array of challenges in running a program of…

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SEC Commissioner CryptoMom Explains Planned ICO Safe Harbor to Cointelegraph

SEC Commissioner Hester Peirce aka CryptoMom tells Cointelegraph about her hopes for her new safe harbor proposal for cryptocurrencies in decentralized networks. Commissioner Hester Peirce of the United States Securities and Exchange Commission is known for her work on the regulator’s approach to crypto, enough to have earned the moniker “CryptoMom.” On Thursday, Feb. 6, she presented a new proposal looking to build a safe harbor for networks in their infancy seeking to avoid classification as securities. On Feb. 10, Cointelegraph got the chance to speak with the commissioner at…

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Crypto Crime Doubled in 2019, but Still Under 1% of Transactions

Cryptocurrency darknet proves to be resilient in a new report, yet over 99% of cryptocurrency transactions are legal. It’s a new decade with an old problem for law enforcement officials: How do you stop cybercriminals from stealing billions of dollars in cryptocurrency and using it for illicit purposes? These kinds of criminal activities range from selling illicit drugs, firearms, documents, identities and ransom schemes, to flat out stealing assets — more than $40 billion was noted as fraudulent in the first nine months of 2019, according to a Chainalysis report. …

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Crypto Is ‘Hot’ Right Now as Traders Explain Price Moves

Two Crypto traders are optimistic on recent market price moves, with possible further upside to come. Beginning a rally at the start of 2020, Bitcoin (BTC) and the rest of the crypto market continue to fly upward, showing little signs of slowing down. The “crypto market is hot right now, and what stands out to me the most is that there are plenty of altcoins that are still running even with the strength $BTC is displaying right now,” CNBC crypto trader and Twitter personality BigCheds told Cointelegraph in a message…

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Users of Bitcoin.com Exchange Can Win Rewards Worth $25,000 in Gocrypto Trading Competition

Gocrypto enables businesses with physical or online stores to accept instant crypto payments from different digital wallets with millions of users. To help introduce the SLP token to even more users, Bitcoin.com Exchange is hosting a trading competition where you can win rewards worth $25,000 in GOC. Also Read: Gocrypto SLP Token Starts Trading on Bitcoin.com Exchange GOC Trading Competition Bitcoin.com Exchange is launching a new trading competition to celebrate its partnership with Gocrypto. In total, users can win $25,000 worth of GOC in prizes in this event. The trading…

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US Congressman Challenges Fed Chair on Threat of China’s Digital Currency

U.S. Congressman Bill Foster urges the head of the Federal Reserve to accelerate plans for central bank digital currency at semiannual monetary policy hearing. United States Congressman Bill Foster (D-IL) has questioned the Chair of the Federal Reserve Jerome H. Powell on U.S’s central bank digital currency (CBDC) progress at a hearing on monetary policy earlier today.  Foster hopes for a digital dollar Foster began his questioning by asking Powell: “Do you think that establishing a digital dollar would help ensure that the U.S. dollar continues to serve as the…

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A Million EPayments Accounts Frozen Due to Regulation Control

UK regulator FCA has suspended ePayments operations due to anti-money-laundering controls, freezing a million accounts. EPayments Systems Ltd, a United Kingdom-authorized electronic money institution, must suspend online payment operations due to the Financial Conduct Authority’s anti-money-laundering (AML) procedures.  EPayments has released a short statement on its website and has sent out emails to its customers to give a few details on the FCA’s regulatory checks. This regulation has frozen ePayments one million user accounts and has banned new account openings.  “Following discussions with the FCA, ePayments has agreed to suspend…

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