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23 Jan

Facebook and Calibra’s David Marcus: The Problem of Global Unbanked Is “Unacceptable”

Facebook And Calibra’s David Marcus: The Problem Of Global Unbanked Is “Unacceptable”

At the World Economic Forum panel discussing digital currencies, the conversation topics included Central Bank Digital Currencies (CBDCs). Calibra’s David Marcus highlighted that regardless of the nature of digital currency, these discussions are key to innovate cross-border payments and solve the issue of the unbanked.Benoît Coeuré, head of the Bank of I

23 Jan

BIS: No Evidence of Mass Transition From CBDC Research to Pilots and Experiments

BIS: No Evidence Of Mass Transition From CBDC Research To Pilots And Experiments

A new survey from the Bank of International Settlements (BIS) revealed that only 10% of central banks are likely to issue a central bank digital currency (CBDC) for the general public in the short term.According to a report the BIS shared with Cointelegraph on Jan. 23, the bank surveyed 66 central banks from around the world to investigate their eagerness to

23 Jan

Greece Extradites Alleged Launderer of $4B in BTC Alexander Vinnik to France

Greece Extradites Alleged Launderer Of $4B In BTC Alexander Vinnik To France

Greece’s Council of State ruled for the extradition to France of former operator of now-shuttered crypto exchange BTC-e and Russian national Alexander Vinnik.English-language local news outlet Greek Reporter reported on the court’s decision on Jan. 23. Yesterday, Russian news agency TASS reported that Russian Foreign Minister Sergey Lavrov protested:Conti

23 Jan

Central Banks Are Increasingly Dabbling in Digital Currencies

Central Banks Are Increasingly Dabbling In Digital Currencies

. Central Banks Are Increasingly Dabbling in Digital Currencies -- Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify (NYSE:SPOT) or Pocket Cast.An increasing number of central banks are looking into issuing digital currencies, according to the Bank for International Settlements

23 Jan

Industry Leaders at Crypto Valley Summit See Major Role for Blockchain in Traceability

Industry Leaders At Crypto Valley Summit See Major Role For Blockchain In Traceability

At the Crypto Valley Summit during the World Economic Forum in Davos, ecological sustainability for the future is one of the primary talking points. Even though blockchain is on the fringes of global discussion, several experts see its usage in traceability as one of the key technologies for improving sustainability.Supply chain blockchain solutions allow tra

23 Jan

Chiliz Launches Crypto Exchange for Trading Sports Fan Tokens

Chiliz Launches Crypto Exchange For Trading Sports Fan Tokens

Malta-based sports blockchain venture Chiliz is launching a cryptocurrency exchange for sports and entertainment tokens.In a press release shared with Cointelegraph on Jan. 23, Chiliz detailed that the new exchange — — will roll out in February after the beginning of Fan Token Offerings​ ​for all of the ​​ partner teams​. is a tokenized fan-vo

23 Jan

Crypto Exchange Liquidity and Why It Matters, Explained

Crypto Exchange Liquidity And Why It Matters, Explained

We’ve discussed at length the benefits of higher liquidity and some of the risks of low liquidity, but it’s worth making those risks explicit, as well as mentioning some of the potential benefits of low liquidity for a trader.Fundamentally, lower liquidity leads to less stable prices for an asset, meaning that slippage and price manipulation are risks in

23 Jan

Deloitte Approves Gemini Crypto Exchange in High-Level Security Evaluation

Deloitte Approves Gemini Crypto Exchange In High-Level Security Evaluation

U.S.-based crypto exchange and custodian Gemini has finished a SOC 2 Type 2 evaluation, proving the operation’s security.“The Type 2 is the highest level of security compliance that any organization can demonstrate,” Gemini’s head of risk, Gemini Yusuf Hussain, told Cointelegraph in an interview about the Jan. 23 announcement.Coin

23 Jan

Binance Invests in Taiwanese Blockchain Data Monetization Startup Numbers

Binance Invests In Taiwanese Blockchain Data Monetization Startup Numbers

Major cryptocurrency exchange Binance has invested an undisclosed sum in blockchain data monetization startup Numbers.According to a post published on Binance’s official blog on Jan. 21, Numbers aims to create an open, transparent and traceable data sharing, verification and management system. The firm’s open source application reportedly allows individua

23 Jan

Disgruntled Employee Stole Bitcoin from Japanese Project Vipstarcoin

Disgruntled Employee Stole Bitcoin From Japanese Project Vipstarcoin

Two men have been arrested in Tokyo on suspicion of defrauding IT firm Vipstar Inc. from hundreds of thousands of dollars in Bitcoin (BTC), Mainichi reported on Jan. 23. One of the suspects is a former employee who used his access to steal money from a trading fund.Yuto Onitsuka and Takuma Sasaki are accused of stealing 78 million yen (approximately $712,000)

23 Jan

Has Quebec Missed the Ship for Attracting Cryptocurrency Miners?

Has Quebec Missed The Ship For Attracting Cryptocurrency Miners?

The results of a 300 megawatt (MW) energy allocation for cryptocurrency miners, run by Canadian provincial utility provider Hydro-Québec, has failed to attract expected demand from the local industry.A Request for Proposals (RFP) for power allocation was opened in June last year, supposedly based on huge demand of around 16,000MW from miners around the world

23 Jan

World Economic Forum Debuts Framework for Central Bank Digital Currency

World Economic Forum Debuts Framework For Central Bank Digital Currency

The World Economic Forum (WEF) — together with some of the world's major central banks — has created a central bank digital currency (CBDC) policymaker toolkit.According to an announcement on Jan. 22, the toolkit is the WEF's attempt to help policy-makers understand whether deploying a CBDC would be advantageous and guide them through its design.Continue

23 Jan

Pornhub Adds Tether Stablecoin as New Crypto Payment Option

Pornhub Adds Tether Stablecoin As New Crypto Payment Option

Adult entertainment website Pornhub has added a new cryptocurrency payment option after PayPal had abruptly stopped servicing its models in late 2019.According to a Jan. 23 blog post, Pornhub now supports Tether (USDT) — a major United States dollar-pegged stablecoin — to allow instant and zero-fee payments via the crypto wallet and browser extension Tron

23 Jan

Blockvest Saved from Default Judgement in Fraud Case

Blockvest Saved From Default Judgement In Fraud Case

Blockvest, which is currently embroiled in a dangerous lawsuit with the SEC, obtained a small victory in a similar case filed by an elderly couple. However, the Jan. 21 court filing suggests that this is based on a legal technicality.The case against Blockvest was filed by Tommy and Christine Garrison, who alleged that the project violated securities law and

23 Jan

Ether Price Drop Slashed Valuation of Crypto Valley’s Top 50 Firms by 40%

Ether Price Drop Slashed Valuation Of Crypto Valley’s Top 50 Firms By 40%

The combined valuation of the top 50 blockchain-related firms in the Swiss canton of Zug — known as “Crypto Valley” within the industry — fell by nearly half in 2019.Swiss investment firm CV VC debuted a new report at the World Economic Forum in Davos, Switzerland on Jan. 22, giving an appraisal of the blockchain and cryptocurrency industries in the C

23 Jan

Peter Schiff Bungled Wallet Password, Solving ‘Bitcoin Mystery’

Peter Schiff Bungled Wallet Password, Solving ‘Bitcoin Mystery’

Famous crypto skeptic and gold bug Peter Schiff said that his “Bitcoin mystery” is solved after realizing that he mistook the pin of his Bitcoin (BTC) wallet for the password.In a tweet on Jan. 22, Schiff explained that he knows the pin of his wallet, but after the app was updated, he was logged out and he could not access his funds anymore. He also admit

23 Jan

The Unstoppable Trajectory: Stablecoins Are Evolving Traditional Finances

The Unstoppable Trajectory: Stablecoins Are Evolving Traditional Finances

Stablecoins may represent crypto’s best chance of achieving mainstream success and recognition from the traditional financial systems. Just recently, the president of the European Central Bank nourished this viewpoint by stating that the institution should be proactive when it comes to digital assets. On Dec. 12, Christine Lagarde tweeted: Being ahead of t

23 Jan

EOS Climbs Above 3.6256 Level, Up 0.83%

EOS Climbs Above 3.6256 Level, Up 0.83%

EOS Climbs Above 3.6256 Level, Up 0.83% EOS rose above the $3.6256 threshold on Thursday. EOS was trading at 3.6256 by 20:30 (01:30 GMT) on the Index, up 0.83% on the day. It was the largest one-day percentage gain since January 19.The move upwards pushed EOS's market cap up to $3.4544B, or 1.41% of the total cryptocurrency market cap. At its highest, EOS'

23 Jan

The Evolution of Bitcoin's Technology Stack

The Evolution Of Bitcoin's Technology Stack

Over the last 10 years, the Bitcoin ecosystem has attracted developers to dedicate thousands of hours to improve and revamp most of its underlying codebase. Yet, Bitcoin (BTC) is largely the same. The reason for this is that its core set of consensus rules that define its monetary properties, such as its algorithmic inflation and hard-coded supply, remain unc

23 Jan

Jack Dorsey’s Square Awarded Patent for Real-Time Crypto-to-Fiat Swaps

Jack Dorsey’s Square Awarded Patent For Real-Time Crypto-to-Fiat Swaps

Financial services and mobile payment company Square (NYSE:SQ) thinks it has found a way to turn fiat into crypto in real-time point-of-sale transactions. On Jan. 21, the United States Patent Office awarded Square a patent for a technology that the team argues cracks a present barrier in merchant transactions:

23 Jan

Is Samsung About To Partner With This Crypto Startup?

Is Samsung About To Partner With This Crypto Startup?

It’s funny what business leaders can and can’t tell the press.Cointelegraph caught up with Alexander Drummond, co-founder of crypto-enabled payments company GatePay, at the 50th edition of the World Economic Forum in Davos, Switzerland this week. Drummond was one of several crypto entrepreneurs presenting his company on stage at the CV Labs event on Tuesd

23 Jan

SEC Calls Out Status of Telegram's TON, Doubting Development

SEC Calls Out Status Of Telegram's TON, Doubting Development

In the latest from U.S. Security and Exchange Commission’s (SEC) ongoing lawsuit against Telegram for its offering of Gram tokens, the commission bashes the messaging service’s blockchain and related token.In a lengthy filing with the court of the Southern (NYSE:SO) District of New York the SEC responded to Telegram’s earlier motion for summary judgment

22 Jan

India Central Bank Says It Hasn’t Banned Crypto

India Central Bank Says It Hasn’t Banned Crypto

The Reserve Bank of India (RBI) said regulated entities cannot offer crypto assets in the country, but that does not equate to an overall digital asset ban.In a Jan. 21 article, The Economic Times of India cited a document the RBI submitted to the country’s supreme court in September, which said:

22 Jan

Crypto Stablecoins Find a Toehold in Shadows of Global Trade

Crypto Stablecoins Find A Toehold In Shadows Of Global Trade

-- A controversial type of cryptocurrency is gaining in popularity among some small merchants operating in the shadows of mainstream commerce.Businesses such as importers and exporters of goods ranging from baby products to furniture in Asia and Europe are using so-called stablecoins including Tether and USD Coin, according to payment processors a

22 Jan

Telegram CEO: Apple’s iCloud Is “Now Officially a Surveillance Tool”

Telegram CEO: Apple’s ICloud Is “Now Officially A Surveillance Tool”

Pavel Durov, founder and CEO of major encrypted messenger Telegram, argues that Apple’s cloud service iCloud is “now officially a surveillance tool.”Citing a Jan. 21 report, Durov claimed that applications like WhatsApp — which rely on iCloud to store private messages — are “part of the problem.” Telegram CEO delivered his verdict in a p