by Peter Smith, Last week I sent a letter on behalf of Blockchain.com to Treasury Secretary Steve Mnuchin (embedded below), outlining my concerns regarding FinCEN’s anticipated rules related to self-custodied wallets. Since then, FinCEN released a set of proposed rules that has been widely commented on in the crypto space. The good news is that the proposal published by FinCEN on Friday is less onerous than we had anticipated. For a great synopsis of the proposed rules, I recommend reading Compound General Counsel Jake Chervinsky’s thread on twitter. Here are some of my thoughts about…
Day: December 25, 2020
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Binance enables SegWit support for Bitcoin deposits as adoption grows
Binance, one of the world’s largest cryptocurrency exchange by volume, has incorporated Segregated Witness, or SegWit, support for Bitcoin (BTC) deposits. The SegWit support was extended to deposits on Christmas Eve, Binance said in an official statement. The protocol upgrade was initially enabled only for withdrawals. Effective immediately, Binance users can transfer funds to a SegWit (bech32) address by selecting the BTC (SegWit) network. Binance explained: “Please note SegWit should help reduce fees; however, if you incorrectly send incompatible assets to the address, your funds will not be recoverable and…
Ethereum 2.0 Updates Bitcoin And Altcoins Latest Price News Hindi
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How the Halving Impacted Bitcoin? – Blockchain News, Opinion, TV and Jobs
Bitcoin halving is undeniably a huge event for the entire crypto comminute and one that has had great consequences, not just on Bitcoin. As the year comes to an end, we can really see the real consequences of the halving that occurred on May 11, 2020. In this article, we take a look at the halving and how it impacted Bitcoin over the course of 2020. Bitcoin Halving The role that miners have in the blockchain network is a good introduction to Bitcoin in general and how it is different from…
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Portnoy’s small business relief fund now accepting Bitcoin, crypto donations
Barstool Media’s Dave Portnoy is accepting Bitcoin (BTC) and cryptocurrency donations for his small-business relief fund. Less than 24 hours after integration, the crypto community has responded with incredible generosity. The Barstool Fund launched last week to raise money for small businesses impacted by the Covid-19 pandemic. At the time of writing, the Fund had raised nearly $5.3 million to help 14 businesses. More than 53,000 donors have contributed. For tax reasons, the campaign is scheduled to run until the end of the year. A huge chunk of those donations…
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The View on Bitcoin From Inside Fidelity Digital Assets, feat. Ria Bhutoria
The director of research at Fidelity Digital Assets gives her take on the crypto space. Ria Bhutoria is the director of research at Fidelity Digital Assets. In this conversation she gives listeners a look at how one of the most important institutional players in the space has viewed the evolution of bitcoin over the past year. Original