Apple Is Still Blocking Crypto Functionality

You can download crypto-related applications from Apple’s App Store — be that Coinbase, Binance, Blockchain, or otherwise. But even with this support, the chief executive of Coinbase, Brian Armstrong, says that the technology giant still isn’t entirely friendly towards cryptocurrency. Related Reading: Crypto Tidbits: MicroStrategy’s $250m Bitcoin Purchase, Ethereum DeFi Boom, BitMEX KYC Coinbase CEO: Apple Is Still Against Cryptocurrency In an August 22nd tweet, Brian Armstrong noted that Apple’s policies towards cryptocurrencies remain restrictive, even as Bitcoin has gained legitimacy over the years: “Apple has been very restrictive and hostile…

Roger Ver Says Twitter Blocking His Tweets About BCH

Bitcoin.com founder Roger Ver says Twitter seems to be blocking him from sending tweets about non-state issued money.  Ver said he was trying to send tweets about instant near-field communication, or NFC, payments for Bitcoin Cash (BCH) and Simple Ledger Protocol (SLP) tokens from be.cash but was unable to.  It seems Twitter is blocking me from sending certain tweets promoting non state issued money. pic.twitter.com/7JiZ6G9jXA — Roger Ver (@rogerkver) July 19, 2020 Ver, who has been pushing BCH, did not seem to be one of the users affected by the…

Why Banks Keep Blocking Cryptocurrency-Related Transactions

The COVID-19 crisis has brought many new users to the world of cryptocurrencies. One of the main concerns for users, however, is whether their bank cards may be blocked due to the purchase of a cryptocurrency, or when withdrawing funds from a crypto account. Can this risk be prevented? Since the COVID-19 outbreak and people’s subsequent desire to protect their savings, interest in cryptocurrency has continued to grow. A June 2020 survey conducted by The Tokenist found that 45% of respondents from 17 countries now prefer to invest in Bitcoin…

US Blocking Libra Has National Security Implications

Ex-federal prosecutor and now Andreessen Horowitz partner Katie Haun has argued that the United States blocking Facebook’s Libra digital currency will have national security implications. Haun’s comments were reported in a CNBC profile published on Oct. 6. “Frankly a dangerous precedent” to shut Libra down Andreessen Horowitz is a founding member of the Libra Association, the Switzerland-headquartered non-profit consortium established to govern the Libra token.  Speaking of the planned cryptocurrency, Haun noted that the social media titan’s project was facing “the same criticisms” and misperceptions that the asset class faces…

Chainalysis’ Jesse Spiro on Crypto Wallet Blocking and Its Potential Impact

More and more cryptocurrency addresses have been added to the United States Department of the Treasury’s list of Specially Designated Nationals, which are marked as being possibly associated with the global drug trade. According to the Kingpin Act, U.S. companies and individuals are banned from any type of commercial relationship with addresses on the list as well as people connected to them. The three Bitcoin (BTC) addresses that recently came under a fire belong to Chinese citizens. Less than a week after Chainanalysis rolled out a real-time suspicious transactions detector,…

Little-Known Resistance May Be Blocking Bitcoin Price Bounce

View Bitcoin continues to chart bearish lower highs along the 50-candle moving average on the 6-hour chart. The immediate bias remains bearish while the cryptocurrency is held below that average line, currently at $3,450. Recent history shows bull failures at the 6-hour 50-candle moving average are often followed by a drop below the recent low. BTC, therefore, risks printing fresh multi-week lows below $3,322 (Jan. 29 low), having faced rejection at the crucial moving average hurdle earlier today. A convincing 6-hour close above the moving average resistance will likely weaken…

Chatter Report: Zhao Says Blocking Customers ‘Not up to Us’, Lee Introduces the Term ‘Bitcoin Extremist’

News In today’s chatter report, we delve into the Bitcoin Cash community’s responses to Cheapair.com re-enabling BCH payments for their travel services. Also, Changpeng Zhao explains Binance’s decision to block users. Finally, Crypto Twitter fires back at Charlie Lee’s new term ‘Bitcoin Extremist’.  Also read: Cheapair.com Considers Bitpay as Coinbase Terminates Merchant Processing Solutions Bitcoin Cash Re-enabled on Cheapair.com Bitcoin Cash was recently re-enabled as a form of payment on travel booking website Cheapair.com and the r/btc subreddit rejoiced. While BCH payments have been re-enabled, commentator u/today_in_reddit noted that the…

Russian Draft Bill Blocking Suspicious Financial Websites ‘Could’ Cover ‘Scam’ ICOs, Experts Note

A group of Russian members of parliament (MPs) has introduced a draft bill on blocking suspicious financial websites on Tuesday, Dec. 11. Russian crypto media outlet Forklog believes it can encompass “scam” Initial Coin Offerings (ICO). According to the document, the country’s central bank will be able to call to block websites as soon as they do not comply with the current legislation. Moreover, the state bank can apply to the court in order to block the page on the basis of pre-trial settlement. Websites that fake existing banks’ URLs,…

Coinbase Uses Electromagnetic Signal Blocking Tents to Secure Crypto

It’s common knowledge throughout the cryptocurrency community the safest and most secure way for individual investors to store digital assets is via cold storage. This is either through a hardware wallet like the Ledger S Nano, an air-gapped Linux-based computer, or a paper wallet. However, according to a new exposé from Wired, leading cryptocurrency exchange, San Francisco-based Coinbase, uses similar cold storage methods, albeit with a few extra advanced security techniques to ensure assets stay safe from cybercriminals. Coinbase Private Key Generation Process is in Tents Wired journalist Tim Simonite…