Day: August 29, 2019

BitTorrent’s Live Streaming Platform to Use Crypto Incentives for Content Creators

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BitTorrent will soon introduce its own live streaming platform, called BLive. The streaming service will use blockchain and cryptocurrencies to operate. Offering a range of features, BLive will introduce a gifting mechanism. Users can use BitTorrent’s digital coin BTT and other cryptocurrencies to tip the person broadcasting the stream. Broadcasters will also be encouraged to increase their number of users because an increase in users will mean more crypto earning for the broadcasters. The streaming service will initially provide the following services: audio and video livestreams, a messaging system to…

Cryptocurrency Makes Criminals Harder to Catch

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Neil Wals, chief of the United Nations Office on Drugs and Crime Global Cybercrime Program, warned that cryptocurrencies have made combating money laundering significantly harder. Australian news outlet ABC reported on Aug. 29 that Wals said cryptocurrencies make fighting cybercrime, money laundering and financing of terrorism harder.  Wals expressed the idea that criminals using crypto assets include global child sexual exploitation networks, which he says are more widespread than much of the public understands. Crypto adds a layer of secrecy He believes that cryptocurrencies add a layer of secrecy, which…

Bitcoin Bullish Bias Intact despite $950 Drop – Here’s Why

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Bitcoin has dropped towards the $9,300 level for the first time in the last 30 days as investors continue to explore traditionally perceived safe-haven assets against global market risks. The benchmark cryptocurrency plunged by $950 within a matter of a few hours. The move downhill coincided with the expiration of CME bitcoin futures contract, which typically sends the bitcoin prices lowers across the top spot exchanges. It also occurred at the time when bitcoin’s rival assets, including gold, traded near their record highs. Euro Pacific Capital CEO Peter Schiff used…

Enterprise Ethereum Alliance Publishes on Blockchain Uses in Telecoms

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The Enterprise Ethereum Alliance (EEA), an organization that aims to establish standards in the blockchain sector, has published a collection of use cases for blockchain in telecommunications. Blockchain solutions for telecoms The EEA shared the announcement with Cointelegraph on Aug. 28. According to the announcement, the new document on blockchain solutions in the telecom industry was created by the EEA Telecom Special Interest Group (SIG).  This document is free and open to the public, and reportedly contains information on how blockchain technology can streamline business transactions and internal operations in…

Bitcoin Price Targets 3-Week Losing Streak in $14 Billion Overnight Wipeout – CCN Markets

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Bitcoin price fell sharply on Thursday’s trading to land around the $9,500 level. | Source: Shutterstock By CCN Markets: The bitcoin price crumbled overnight, breaching the psychological barrier of $10k and dropping as low as $9,334 on Coinbase. The fall marked a nine percent collapse in a matter of hours, wiping out a total of $14 billion in BTC market capitalization.  The collapse is primarily a technical move coupled with low trading interest on the CME bitcoin futures platform. On the long-term, however, bitcoin is building a strong, consolidated base,…

Bitcoin Trading and Payments Are Tax-Free

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Portugal’s Tax Authority has clarified that both cryptocurrency trading and payments in crypto will not be taxed in the country, Cointelegraph en Español reported on Aug. 27. According to a report published on Aug. 26 by Portuguese business newspaper Jornal de Negócios, the Portuguese Tax and Customs Authority have confirmed that crypto transactions or payments are exempt from Value Added Tax (VAT). The agency reportedly provided the clarification to a local crypto mining company, publishing an official ruling document. In the document, the authority states that the exchange of crypto for…

“Patria Remesa”: Venezuela’s New Remittance Cryptocurrency Platform

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The Venezuelan government just announced a new state-run cryptocurrency remittance platform called Patria Remesa, according to an official press release. The platform allows the people of Venezuela who are working abroad to send money back to the country. The National Superintendent of Cryptoactives, Joselit Ramírez, announced in a radio program broadcast by Radio Nacional de Venezuela (RNV) that the crypto remittance platform is fully operational now. He further ensured the safety of the funds, saying that sending remittances through the government’s oil-backed crypto is safer and inexpensive compared to all…

Andreas Antonopoulos Announces New ‘Mastering Lightning Network’ Book

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Andreas Antonopoulos announced his new “Mastering Lightning Network” book, co-authored by René Pickhardt and Lightning Labs CTO, Olaoluwa Osuntokun. Antonopoulos, Osuntokun and Pickhardt announced their new book, “Mastering Lightning Network,” in a YouTube video published on Aug. 28. In the video, Antonopoulos noted that the three will start writing in September and that they expect to need about a year to release it. He also noted: “We’re inviting everyone in the community to help us with contributions.” On a quest for Lightning Network education Pickhardt explained that what motivated him to…

Brad Garlinghouse Explains the Massive XRP Sales

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Photo: Christopher Michel / Flickr The XRP crypto has encountered a lot of bearish volatility lately. The token closely linked to the Ripple FinTech Company has made many analysts think that its bearish trend has resulted from Ripple selling a large number of tokens onto the markets every quarter. The third biggest crypto, XRP, registered some activity recently but that never affected its price considerably. The XRP whales continued to remain quite active in the digital assets markets. All that happened despite the constant sideways price movement of Ripple’s native…

Bitcoin Dev Reveals Multisig UI Teaser for Hardware Wallets, Full Nodes

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The organizer of a Bitcoin (BTC) programming boot camp has published a multisignature (multisig) user interface (UI) proof-of-concept for both hardware wallets and full nodes. Justin Moon published a quick guide to using the prototype UI on Twitter on Aug. 28, together with the full software code on GitHub.  Lowering entry barriers for Bitcoin Wallets that are protected by multisig technology require more than one private key to access the wallet and are thus thought to be much less vulnerable to security breaches, given that no single party possesses all…