Day: September 19, 2019

Iran Considers New System of Annual Registration for Crypto Miners

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Iran’s cabinet is looking into a proposal to register cryptocurrency miners on a year-to-year basis. According to documents reported by Coindesk on Sept. 19, a draft proposal to register crypto mining operations is currently on its way to official approval in Tehran. The proposed licenses would require information on employment, rent agreements and other business activities.  The requirements seem designed to allow the Iranian government to curtail unsavory activities related to crypto while continuing to profit from an industry thriving in a country facing international sanctions and inflation — economic factors that…

North Korea Expected to Launch Its Own Cryptocurrency Similar to Bitcoin

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North Korea has set plans in motion to create its own cryptocurrency that will be similar to Bitcoin or other cryptocurrencies. The crypto will help the country avoid international sanctions and evade the global US-dominated financial system. North Korea to Introduce Own Crypto A representative of the regime has indicated that the planned cryptocurrency will be the same as the other cryptocurrencies. Alejandro Cao de Benos, the head of the country’s crypto conferences, said that they are currently evaluating products that will offer the digital currency value. For now, the…

Zuckerberg Dines With US Democrats Concerned Over Facebook’s Libra

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Facebook’s Mark Zuckerberg had dinner with a handful of United States lawmakers, where he was met with intense scrutiny of Facebook’s proposed Libra stablecoin project. Zuckerberg grilled by Democratic lawmakers According to an article by the Washington Post, on Sept. 19, the Democratic Senator Mark R. Warner said that during a Sept. 18 dinner with Democratic lawmakers, Zuckerberg heard “consistent concerns about privacy, concerns around vile content and how it came to be dealt with.”  The U.S. senator added that members asked specific questions about Facebook’s plans to launch Libra…

Abra Takes Bitcoin Adoption to 6,000 Retail Outlets in the Philippines

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Bitcoin wallet provider and investment platform Abra says people can now buy cryptocurrencies at any 7-Eleven outlet in the Philippines. The news is the latest development in efforts to make cryptocurrencies more easily accessible to users in markets across the world. Buy Bitcoin at Any 7-Eleven in the Philippines Abra announced the news via a blog post on its website on Wednesday (September 18, 2019). According to the statement, Abra has inked a partnership deal with ECPay which allows users to purchase bitcoin and other Abra-supported assets from over 6,000…

Square Crypto Completes Inaugural Developer Team With Three New Hires

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Square Crypto has hired Valentine Wallace, Jeffrey Czyz and Arik Sosman to its inaugural developer team. The crypto-focused branch of Jack Dorsey’s payment company announced the appointments in a series of tweets on Sept. 19. Wallace joined the company from Lightning Labs, Czyz came from Google and Sosman from Facebook’s Libra. With the latest hires, Square Crypto said it has completed its inaugural developer team. The next step: public opinion The public is now being urged to participate in the decision-making process for its first project. “There’s no project we won’t consider,…

Future Mainstream Spending Possibilities For Bitcoin

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Looking at cryptocurrencies as investable assets has become the norm nowadays, and with good reason. More than becoming any sort of viable alternative to traditional fiat currency, cryptocurrencies have instead become commodities that we can buy, hold, and sell in the hopes of financial gain. This is at least partly because of Bitcoin’s early failure to go mainstream, however, and in this regard we shouldn’t necessarily expect things to stay the same. While some understandably remain dubious of its long-term potential to, say, replace the dollar or euro, Bitcoin(BTC)trade is…

Bitcoin Cash Learns Block Size Economics, Ver Says BCH Not Restricted

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Those who have followed the Bitcoin saga from the very beginning know that it’s a mistake in 2019 to only pay attention to the so-called “grandfather cryptocurrency,” as that would mean ignoring Bitcoin’s many relatives (and competitors) that share the same DNA. Bitcoin Cash (BCH), when it comes down to brass tacks, is similar to Bitcoin in most ways, but with one large distinction — it’s bigger block size of 32 megabytes. This is a result of BCH innovator Roger Ver’s idea that scaling should be possible on-chain, without third-party accelerators like the…

SEC Chair Clayton: Bitcoin Needs ‘Better Regulation’ Before Major Exchange Listing

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Better regulation is needed around bitcoin markets before they can be traded on major exchanges, the head of the U.S. Securities and Exchange Commission said on Thursday. Speaking at CNBC’s Delivering Alpha conference, SEC Chairman Jay Clayton said investors are “sorely mistaken” if they think bitcoin and other cryptocurrencies undergo the same price discovery practices as products on top exchanges like the Nasdaq or New York Stock Exchange. “We have to get to a place, in my view — just speaking for myself — we have to get to a…

SEC Chair Clayton: Bitcoin Needs ‘Better Regulation’ Before Major Exchange Listing

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Better regulation is needed around bitcoin markets before they can be traded on major exchanges, the head of the U.S. Securities and Exchange Commission said on Thursday. Speaking at CNBC’s Delivering Alpha conference, SEC Chairman Jay Clayton said investors are “sorely mistaken” if they think bitcoin and other cryptocurrencies undergo the same price discovery practices as products on top exchanges like the Nasdaq or New York Stock Exchange. “We have to get to a place, in my view — just speaking for myself — we have to get to a…

ELVN Messenger Founder Alex Reinhardt To Launch An IEO At CoinsBit

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The average user spends almost seven hours a day online, with messengers and social media accounting for much of this time. Yet, despite their popularity, social apps are widely seen as the source of numerous problems, from cyberbullying to the spread of extremism. The new blockchain startup ELVN, which will hold its third IEO round on Coinsbit on September 25, 2019, sets out to restore trust in messengers. Social media needs fixing – in more ways than one Social media and messengers are among the most maligned phenomena of the…