Basic Attention Token to implement KYC-free on-chain payouts

In a recent community call, Basic Attention Token (BAT) founder Brendan Eich said the platform would implement on-chain BAT payouts without Know-Your-Customer (KYC). This development, he adds, is part of BAT’s ongoing roadmap, which aims to streamline rewards for Brave browser users while preserving their privacy. Introducing on-chain payouts represents a significant advancement for BAT. It offers users the convenience of receiving BAT rewards without revealing their identity. This could, in turn, enhance user experience. However, the ideal platform for on-chain payouts is still being discussed. Brendan said they are…

Montenegro Basic Court Again Approves Terra Founder Do Kwon’s $427K Bail Request in Fake Passport Case

In March, Kwon, along with former Terra executive Han Chang-joon, were arrested in Montenegro for allegedly attempting to travel with falsified documents. Authorities in South Korea had been searching for Kwon after his multi-billion dollar crypto enterprise collapsed in May last year. Since his arrest, both South Korea and the U.S. have requested Kwon’s extradition to face criminal charges following his trial in Montenegro. Source

Report: Well Known Crypto Firms Still Not Adhering to Basic Governance Standards

Many of the most well-known crypto firms are not adhering to basic governance standards, the findings of a Bloomberg survey have shown. Only 31 out of the 60 polled firms “currently procure a full financial audit or reserve attestations from an independent auditor.” Industry participants have said many crypto firms are not audited because the “Big Four” accounting firms are not willing to have them as clients. Many Crypto Firms Lack Independent Boards Some of the most influential cryptocurrency firms are not adhering to established corporate governance standards and many…

Chinese Supreme Court Allows Use of Virtual Assets to Settle Basic Debts Despite Cryptocurrency Ban

The apex Chinese court has ruled that virtual assets can be used to settle basic debts, despite the country’s ban on cryptocurrency transactions. The decision was made during a conference held by the Supreme People’s Court of China earlier this year, media reports said.  According to the court, cryptocurrencies share some similarities with virtual properties, and if the parties involved in a case agree to use small amounts of cryptocurrencies to settle their debts, the contract will be considered valid by the Chinese courts. However, if the cryptocurrency transaction cannot…

Crypto Wallet Machankura Lets Africans Use Bitcoin With Basic Mobile Phones – Crypto Projects to Watch 2023

So far, Machankura has debuted in eight African countries – Nigeria, Ghana, Kenya, Malawi, Namibia, South Africa, Uganda and Zambia, – where more than a third of the African population currently lives. Ngako wants it in all 54, but he understands how ambitious a goal that is. The service has only managed to attract 3,000 users but Ngako expects an inflection point is around the corner. Original

5 basic principles of finance you should know

Learning the principles of finance is essential for managing personal and business finances, making informed investment decisions and understanding the economy. Here are five basic principles of finance that you should know. Time value of money This principle suggests that a dollar received today is worth more than a dollar received in the future due to the potential to earn interest or investment returns. It is the foundation of many financial decisions, including investment strategies and loan repayment plans. For example, if an investor bought 1 Bitcoin (BTC) for $10,000 in…

Underpriced Cryptocurrencies to Watch Out for: Snowfall Protocol (SNW), Basic Attention (BAT) and Decentraland (MANA)!

Place/Date: – December 10th, 2022 at 11:16 pm UTC · 4 min read Source: Snowfall Protocol Undervalued cryptocurrency assets are a gem. They allow you to invest at a low price so you can make profits when the cryptocurrency achieves its true long-term value. In other words, investing in an undervalued cryptocurrency is like buying an asset at a discounted price. In today’s blog post, we will take a closer look at three undervalued cryptocurrencies that you should consider investing in as we head into 2023. These Cryptos include Snowfall…

We could use crypto regulation — but let’s start with basic definitions

As a crypto CEO, I know how often our sector is misunderstood and criticized. Sometimes, the criticism is deserved because we have not always done our part to shine a light on the utility and use cases powering positive change. But other times, it’s based on the assumption that all players in this industry are the same, which is just not true.  Recently, skepticism reached new heights with the epic crash of FTX, one of the largest crypto exchanges in the world — and perhaps the largest-ever example of the…

Developers could have prevented crypto’s 2022 hacks if they took basic security measures

Users losing funds due to malicious activity is hardly unknown on Ethereum. In fact, it is the very reason researchers recently developed a proposal to introduce a type of token that is reversible in the event of a hack or other unsavory behaviors.  Specifically, the suggestion would see the creation of an ERC-20R and ERC-721R, which would be modified versions of the standards that govern both regular Ethereum tokens and nonfungible tokens (NFTs). The premise goes like this: this new standard would allow users to make a “freeze request” on…

Enhance Basic Tech Capacity & Provide All-encompassing Products & Services

ViaBTC has been one of the pioneers in the crypto industry with an illustrious track record. Recently we caught up with the CEO, Haipo Yang and asked him a few questions about the company, its mission and plans for the future. Read the excerpt of the interview below. Q [NewsBTC]: ViaBTC is a pioneer in the crypto industry, having been around since 2016 – what was the idea behind launching ViaBTC? A [Haipo Yang]: I had my first introduction to Bitcoin and open-source software around 2011. At the time, fascinated…