Day: September 11, 2019

Tor Browser Users at Risk of Losing Their Bitcoins

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Finnish peer-to-peer crypto exchange LocalBitcoins has warned users about alleged security risks associated with anonymous browser Tor Browser. On Sept. 9, transactional compliance expert Richard Bensberg tweeted a screenshot of a LocalBitcoins banner warning Tor users about the risk of losing their Bitcoins (BTC), which stated: “Warning to all Tor users: A Tor browser exposes you to the risk of having your bitcoins stolen.” LocalBitcoins then responded to Bensberg, saying that while using Tor Browser is not against its terms of service, it does not recommend it for security reasons.…

Ethereum Will ‘Mega Moon’ Against Bitcoin, Predicts Trader

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Ethereum continues to languish against bitcoin. Here’s what it needs to break the downward spiral. | Source: Shutterstock To say that Ethereum is weakening against the king of cryptocurrencies would be a huge understatement. The ETH/BTC pair is down by nearly 50% year-to-date as it languishes in bear territory for 17 months and counting. The sentiment is so overwhelmingly bearish that some traders are happy to short the crypto pair. $ETH / $BTC 4Hethbtc short setup pic.twitter.com/2vH5M25M3W — Suprematic Wassie (ex_hermit) (@GothBtcSinner) September 10, 2019 Nevertheless, big accounts in the…

Iranian Crypto Miners Tax Exempt If They Repatriate Offshore Earnings

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Cryptocurrency miners in Iran will be eligible for a tax exemption if they agree to repatriate their overseas earnings, according to Iran’s National Tax Administration (INTA). Per a report by local English-lanuage news daily Financial Tribune, INTA introduced a repatriation tax exemption similar to the one it offers non-oil exporters. INTA considers cryptocurrency mining a taxable business, like any other industrial activity, and as such, believes it should follow the requirements set by the Central Bank of Iran in repatriating their overseas earnings. Per the Financial Tribune, Iranian miners think…

Tezos Foundation Issues Batch of Grants to Smart Contract, Explorer Projects

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The Tezos Foundation has issued grants to projects submitted in response to its latest request for proposals. Per a Sept. 10 announcement, the foundation has released 14 new grants to projects targeting the advancement of the Tezos project. Recipient projects prioritized developments such as applications built using Tezos smart contracts, Tezos block explorers, tools for smart contract development, Tezos-focused training resources and marketing initiatives that improve awareness of the ecosystem. Range of recipient projects that won Tezos grants The foundation accompanied the announcement with a description of the projects, of…

Blockstack Raises $23 Million USD in First Regulated Token Offering

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Blockstack has raised $23 million USD in the first-ever token offering approved by the US Securities and Exchange Commission. Blocskstack PBC, which is a decentralized computing network aiming to antiquate data breaches and trust violations, first announced the token sale in July, having received SEC approval to raise up to $28 million USD in a Reg A+ compliant offering. The breakdown of the token offering consisted of $15.5 million USD raised through the sale of  74.3 million Stacks tokens through its Reg A+ sale in the US, and an additional…

Major South Korean Mobile Carrier Launches Blockchain Project

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Union Mobile, the fourth-largest mobile carrier in South Korea, announced the launch of its blockchain project called ELYNET. Using blockchain to make communication more efficient  On Sept. 11, Union Mobile announced that ELYNET aims to use blockchain technology to make telecommunications more efficient for those users who rely on a single carrier for telecom service. ELYNET will purportedly allow users to use data communication services without roaming fees and contracts. Union Mobile’s CEO Seyong Ro explained that the platform will launch with an accompanying token, stating: “This will help us to…

VanEck Now Offering Bitcoin Financial Product for Institutional Investors

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The CEO of investment management firm VanEck Associates, Jan Van Eck, said that the company is now offering a type financial product with exposure to Bitcoin (BTC). In an interview with CNBC on Sept. 11, Van Eck said that the product offered by the firm is a broker-traded fund and is currently not available to the public, but to institutional investors only. Van Eck further specified that it will trade over-the-counter and will not trade on a national securities exchange. The broker-traded fund is called VanEck SolidX Bitcoin Trust 144A…

California City Official Uses Bitcoin Cash to Purchase Cannabis

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In California, cryptocurrency payments are making headway in the cannabis industry as Berkeley City Councilmember Ben Bartlett became the first elected official to purchase cannabis using a digital asset. On Tuesday, Bartlett utilized bitcoin cash (BCH) and Cred’s LBA token to facilitate the transaction at the Ohana Cannabis dispensary in Emeryville. Also Read: Bitmain Launches Next Gen Miner as Bitcoin Hashrate Touches 100 Exahash BCH and the Universal Dollar Stablecoin Used by an Elected Official to Purchase Cannabis in California Cryptocurrency enthusiasts have long dreamed of the cannabis industry and…

Binance.US Will Open User Registration Next Week

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Major cryptocurrency exchange Binance announced that it will open registration and deposits on its platform for United States-based clients next week, Wednesday Sept. 18. Seven days to launch On Sept. 11, Binance announced in a blog post that Binance.US will open registration and begin accepting deposits of Bitcoin (BTC), Ether (ETH), XRP, Bitcoin Cash (BCH), Litecoin (LTC) and Tether (USDT). CEO at Binance.US Catherine Coley said that following the registration opening, customers will be able to sign up for an account and select the level of verification required to achieve…

New Study Reveals Countries With Most Registered Crypto Exchanges

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The United Kingdom, the United States, Hong Kong and Singapore have the largest number of registered digital currency exchanges, according to data from Bitfury’s blockchain analytics platform Crystal. Crystal published its “Report on International Bitcoin Flows 2013–2019” on Sept. 9, in which it provides insight into cryptocurrency operations and Bitcoin (BTC) transactions around the world between Jan. 1, 2013, and June 30, 2019. U.K. and U.S. lead the rating The findings show that the largest number of registered crypto exchanges are in the U.K., the U.S., Hong Kong and Singapore.…