Day: December 19, 2019

Don’t Withdraw Bitcoin From Binance to Privacy Wallets, User Warns

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Binance Singapore has purportedly abruptly suspended a Bitcoin withdrawal from a trader using a wallet with a coin-mixing service, a harsh reminder that large exchanges aren’t the best place to hold coins if one values anonymity and accessibility.  Binance Account Suspended Twitter user Catxolotl (@bittlecat) received a message from Binance Singapore informing them that their Bitcoin withdrawals were suspended due to “risk management.” The reason? The company believed the individual was using coin-mixing service CoinJoin, part of the privacy-focused wallet Wasabi. “I’m very concerned that Binance knew I was sending…

Don’t Withdraw Bitcoin From Binance to Privacy Wallets, User Warns

boss

Binance Singapore has purportedly abruptly suspended a Bitcoin withdrawal from a trader using a wallet with a coin-mixing service, a harsh reminder that large exchanges aren’t the best place to hold coins if one values anonymity and accessibility.  Binance Account Suspended Twitter user Catxolotl (@bittlecat) received a message from Binance Singapore informing them that their Bitcoin withdrawals were suspended due to “risk management.” The reason? The company believed the individual was using coin-mixing service CoinJoin, part of the privacy-focused wallet Wasabi. “I’m very concerned that Binance knew I was sending…

Dragonfly Capital, Paradigm Buy $27.5M Stake in Governing MakerDAO’s Future

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Venture funds Dragonfly Capital and Paradigm have acquired $27.5 million worth of MKR tokens and plan to take part in the Maker Protocol’s governance system. Announced Thursday by the Maker Foundation, the $27.5 million raised will fund the foundation’s efforts to promote dai adoption in China and the broader Asia region. It’s expected Dragonfly and Paradigm, who already have a strong presence in the region, will advise on the expansion. “Dai continues to be the stablecoin of choice in all global markets for its decentralization and overall stability,” said Rune Christensen,…

Dragonfly Capital, Paradigm Buy $27.5M Stake in Governing MakerDAO’s Future

boss

Venture funds Dragonfly Capital and Paradigm have acquired $27.5 million worth of MKR tokens and plan to take part in the Maker Protocol’s governance system. Announced Thursday by the Maker Foundation, the $27.5 million raised will fund the foundation’s efforts to promote dai adoption in China and the broader Asia region. It’s expected Dragonfly and Paradigm, who already have a strong presence in the region, will advise on the expansion. “Dai continues to be the stablecoin of choice in all global markets for its decentralization and overall stability,” said Rune Christensen,…

Why Bitcoin Outperformed Gold by a Staggering 50% in 2019

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2019 has been quite the year for assets across the board — from Bitcoin and equities to gold and real estate, a majority of investments have made gains since January 1st. Related Reading: Here’s How Bitcoin Price Could Hit $20,000 By as Early as March: Analyst An interesting trend to watch this year has been gold’s strong price action, specifically the precious metal’s relation to moves in the stock market and also to Bitcoin. This trend may imply that gold will continue to surge into 2020, especially on the back…

Iran Wants to Create Crypto to Confront ‘Economic Hegemony’ of US

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Iran’s President has proposed to create a Muslim cryptocurrency as one of a number of means to confront the economic dominance of the United States. Speaking at an Islamic conference in Malaysia on Dec. 19, Iranian President Hassan Rouhani called Muslim nations to strengthen financial and trade cooperation and to cut their reliance on U.S. dollar, according to a report by The Associated Press (AP). New Muslim cryptocurrency to confront “U.S. economic hegemony” As Rouhani argued that U.S. economic sanctions are the “main tools of domineering hegemony and bullying” of…

MARKETS DAILY: Bullish Bitcoin Dreams and a 2019 to Remember

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With bitcoin first dipping, then spiking up 10% yesterday, we’re talking market action, new Federal Reserve comments, the challenges of exchange and taking a look at CoinDesk’s annual most influential list… No time to listen? Scroll down for the full episode transcript with links. More ways to Listen or Subscribe (MP3 Download Here) Crypto, Regulatory and Wall Street News Roundup DEX’s & CEX’s (Decentralized and Centralized Exchanges) with Sebastian Sinclair Our Most Influential People of 2019 On Today’s episode, it’s Bitcoin’s BIg Bounce, DEX’s and CEX’s,  and a look at our…

Blockbuster or a Bust? Tickets Industry Lines Up Around the Blockchain

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Ticketmaster, one of the largest event ticket distributors in the world, announced in October 2018 that it had acquired Upgraded, a blockchain technology company specializing in live event ticketing. By applying blockchain technology, Ticketmaster set out to solve some of the biggest challenges facing the billion-dollar ticketing industry. For example, the company intends to use blockchain to provide event creators with more control and visibility over ticket distribution, while protecting fans against fraudulent tickets.  On Dec. 9, Ticketmaster’s vice president of blockchain products and Upgraded’s former CEO, Sandy Khaund, discussed…

How Decentralized Tech Can End the Privacy Crisis in 2020

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This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Tor Bair is the Head of Growth for Enigma, an open-source, decentralized protocol for secure computation that allows smart contracts to use private, encrypted data as inputs. After a dizzying year for our industry – one full of twists, turns, and tumult – it’s time to get our bearings and see where we stand. Has the acceptance and adoption of blockchains and digital currencies…

James Ferguson on Decentralized Gaming’s Next Moves

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This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. James Ferguson is CEO of Immutable, the creators of Gods Unchained. Growing up, CEO of Immutable James Ferguson’s favorite game was Runescape (a fantasy game). He said he found ways to run arbitration schemes in the MMORPG’s medieval economy and amassed a horde of virtual gold. After spending thousands of hours on game play, however, he realized his new-found wealth couldn’t be traded outside…