Day: January 3, 2020

Proof of Keys Day Returns on Bitcoin’s 11th Birthday

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Last year’s inaugural Proof of Keys day didn’t see massive amounts of bitcoin withdrawn judging by onchain data – but it did serve to educate a community. Trace Mayer’s call to arms also put exchanges on notice, with some disabling withdrawals, citing unscheduled maintenance. Here’s what the crypto community has to say about today’s event, which coincides with another watershed – Bitcoin’s 11th birthday. Also read: A Deep Dive Into Satoshi’s 11-Year Old Bitcoin Genesis Block Proof of Keys Day MKII “All you HODLers of Last Resort, I encourage you…

Even If Blockchain Can’t Secure Land Rights, It Got Us Talking About Them

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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. Anand Aanchal is a land specialist and blockchain expert at the World Bank. Last spring, Anand Aanchal of the World Bank spoke to the teething problems of blockchain. “Tech can look big and flashy, and like it can solve all our problems … but the Big Mac burger never matches up to the one in the ad,” she said at a World Bank conference…

NY Court Orders Telegram to Produce ICO Documents Ahead of CEO’s Deposition

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Telegram has been ordered by a judge to hand over financials concerning its $1.7 billion initial coin offering (ICO).  District Judge P. Kevin Castel of the New York Southern District Court ordered Telegram to respond by the end of day Friday following a request Thursday by the U.S. Securities and Exchange Commission (SEC). The SEC said the investment information is necessary ahead of next week’s deposement of three Telegram employees, including founder and CEO Pavel Durov. “Defendants’ refusal to fully disclose and answer questions about their disposition of the $1.7…

NY Court Orders Telegram to Produce ICO Documents Ahead of CEO’s Deposition

boss

Telegram has been ordered by a judge to hand over financials concerning its $1.7 billion initial coin offering (ICO).  District Judge P. Kevin Castel of the New York Southern District Court ordered Telegram to respond by the end of day Friday following a request Thursday by the U.S. Securities and Exchange Commission (SEC). The SEC said the investment information is necessary ahead of next week’s deposement of three Telegram employees, including founder and CEO Pavel Durov. “Defendants’ refusal to fully disclose and answer questions about their disposition of the $1.7…

Price Analysis Jan 03: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XTZ, XLM

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Bitcoin is en-route to flipping the $7.4K resistance to support and the sharp rebound from key support levels on most major cryptocurrencies is a positive sign. Bitcoin started the new year on a weak note and looked to be losing ground. However, the news of the killing of Iran’s General Qasem Soleimani, in an airstrike ordered by the US President Donald Trump, caused a reversal in Bitcoin’s price. This shows that the market participants have again turned to cryptocurrencies in times of uncertainty and escalating geopolitical tensions. In other news,…

Bitcoin Selling for $24,000 per BTC in Iran as US Tensions Escalate

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Iran-based sellers on peer-to-peer trading platform LocalBitcoins are currently asking for around 1 billion Iranian rials or over $24,000 per Bitcoin (BTC) — well over its 2017 all-time high — as tensions reach a boiling point between Washington and Tehran. LocalBitcoins lowest offers per BTC. Source: LocalBitcoins Bitcoin price soars in Iranian rials The staggering premium in Iran relative to current global market price — around $7,350 — comes in the wake of an airstrike at Baghdad’s airport ordered by United States President Donald Trump that killed the head of the…

When DeFi Meets Neo Banking, This Thing Gets Interesting

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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. Varun is co-founder and CEO of Juno, a neo bank that provides users a high yield account for savings. Prior to Juno, he co-founded Nuo, a decentralised debt protocol and BeeWise, a credit analytics platform. 2019 was clearly the year of decentralised finance (DeFi) and “earning interest” was its killer app. It’s time to take this mainstream and 2020 promises to be a defining…

Bitcoin Jumps 5%, Gaining With Gold, After US Kills Top Iranian Official

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Bitcoin jumped the most in two weeks after a U.S. drone strike killed a top Iranian military commander, fueling speculation that heightened geopolitical turmoil might spur demand for the cryptocurrency in 2020.  The digital asset’s price jumped 5 percent Friday to $7,300 as of 16:07 universal coordinated time (11:07 a.m. in New York). The surge, which appeared to follow gains in oil and gold prices, pushed bitcoin into positive territory for the year-to-date, now up 2.2 percent. Mati Greenspan, founder of the cryptocurrency-focused research firm Quantum Economics, noted in an…

2019 to 2020: Insiders, Outsiders and Experimenters in Crypto Regulation: Part 2

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This is the second part of a three-part series that covers the regulatory landscape for digital currencies in 2019 and looks at the prospects of 2020. While the first chapter in the series looked at the “Insiders,” this installment covers the prospects for the so-called “Outsiders” — i.e., China, Russia, India and the developing world. Unlike the Insiders, which built the modern financial system on top of the U.S. dollar in the 1940s, the Outsiders pay for access to that system due to varying historical and geopolitical reasons. Crypto: The…

BusKill Is a DIY Tool to Lock Down Your Laptop

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Operational security, or opsec, is key if you’re doing anything on crypto exchanges and this new trick – essentially a DIY hack – can make you a bit safer in a crowded cafe. Created by software engineer Michael Altfield, the tool, called BusKill, uses a simple USB key and a few lines of code to activate your laptop’s lockdown process, or, in an emergency, a full disk wipe. “Let’s consider a scenario: You’re at a public location (let’s say a cafe) while necessarily authenticated into some super important service (let’s…