Crypto

The Human Rights Foundation Is Now Funding Bitcoin Privacy Development, Starting With CoinSwap

The Human Rights Foundation (HRF) was already promoting Bitcoin’s privacy features. Now, it will also fund the development of them. HRF, the New York-based nonprofit that promotes and protects human rights globally, has launched a fund to support Bitcoin developers who make the Bitcoin network more private, decentralized and resilient. The first grant, worth close to $50,000, has been gifted ...

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ION, Microsoft’s Decentralized Identity System, Launches Beta On Bitcoin Mainnet

ION, a Microsoft-led decentralized identity system built on top of Bitcoin, has officially been moved to beta on Bitcoin’s mainnet today. The news was shared in a release by Casa, a Bitcoin self-custody provider and project collaborator. First announced in May 2019, the Layer 2 network features its own node structure and is being built as an open-source project. As ...

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Emphasizing User Friendliness With Sovereignty, Casa Launches Free Wallet

Today, Bitcoin custody solution provider Casa has launched a free wallet service aimed at new users. This app provides a retooled version of the basic wallet it offers its members, designed to be simple to use but without all of the premium services included in Casa’s more advanced products. “We’re excited about launching a free and simple bitcoin wallet that ...

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With Rising Interest in Plan B Services, River Financial Raises $5.7 Million

River Financial, a Bitcoin-based financial institution, has reported average monthly volume increases of 80 percent, a doubling of clients each month since January 2020 and has recently closed a $5.7 million seed round to continue development of its suite of bitcoin financial services. It partly attributes this growth to the unbridled economic stimulation efforts undertaken by central banks this year. ...

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OKCoin, BitMEX Operator Grant $150,000 to Core Developer Amiti Uttarwar

As the saying goes: when it rains, it pours. And lately, the Bitcoin Core development community appears to be experiencing a welcomed shower. Today, cryptocurrency exchange OKCoin and HDR Global Trading Limited, which operates the cryptocurrency exchange BitMEX, announced a $150,000 grant for Core developer Amiti Uttarwar. The donation follows similar gifts from both donors, as well as others, that ...

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Australian Government Publishes Update on Cryptocurrency and ICO Rules | Bitcoin Magazine

Australian Government Publishes Update on Cryptocurrency and ICO Rules The Australian Securities and Investments Commission (ASIC) has published an update on how it intends to regulate crypto-related businesses and initial coin offerings (ICOs). In this guideline, the financial regulator outlines requirements that need to be followed for cryptocurrency businesses to be compliant with the ASIC Act. This update is noteworthy ...

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Man Sentenced for Illegal Money Transmission Services on LocalBitcoins | Bitcoin Magazine

Man Sentenced for Illegal Money Transmission Services on LocalBitcoins U.S. citizen Morgan Rockcoons has been sentenced to fines and prison time for running unlicensed money exchange services on LocalBitcoins. Advertising himself on the peer-to-peer bitcoin trading network, Rockcoons made more than 1,000 transactions with hundreds of different users. The U.S. Department of Justice (DoJ) pursued him on charges of not ...

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Exploring Illegal Mining Camps in Western China | Bitcoin Magazine

Exploring Illegal Mining Camps in Western China This article was originally published by 8btc and written by Vincent He. Although China has shut down bitcoin trading platforms and deemed them illegal, its attitude toward bitcoin mining is still ambiguous. Now, 70 percent of the world’s bitcoins are produced in China, while 70 percent of China’s “stock” are in Sichuan, a ...

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Chinese Listed Companies and Bitcoin Mining: Partner or Predator? | Bitcoin Magazine

Chinese Listed Companies and Bitcoin Mining: Partner or Predator? This article was originally published by 8btc and written by Lylian Teng. Some Chinese listed companies have jumped on the bandwagon of bitcoin mining following the bitcoin bull run throughout 2017, either under the guise of cloud computing or providing mining hosting services, in an effort to bypass regulations considering the ...

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BlockFi Adds Gemini Dollar Stablecoin Support | Bitcoin Magazine

BlockFi Adds Gemini Dollar Stablecoin Support Crypto lender BlockFi is rolling out support for the gemini dollar (GUSD) stablecoin, claiming an expected initial annual percentage yield (APY) of 6.2 percent for non-U.S. customers. Founded in late 2017, BlockFi is a U.S.-based startup company that issues loans backed by various cryptocurrencies to its users. This practice allows users to generate cash ...

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