Saturday, October 24Your Daily Bitcoin & Altcoin News Portal
Voyager Digital Buys European Crypto Exchange Focused on Institutional Investors | News Bitcoin News

Voyager Digital Buys European Crypto Exchange Focused on Institutional Investors | News Bitcoin News

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Please share if you find this article interesting. Voyager Digital Buys European Crypto Exchange Focused on Institutional Investors | News Bitcoin News Crypto-asset broker Voyager Digital Ltd is buying LGO Markets, a French cryptocurrency exchange focused on corporate investors. The two firms will merge under one brand, Voyager, and their two separate native tokens, VGX and LGO, will also merge. The deal grants Voyager, a Canadian Securities Exchange-listed (CSE) firm, access to the European retail market through LGO’s Virtual Asset Service Provider licence held with the French financial regulator, industry media reports. LGO will cease to concentrate on institutional investors on Oct. 31, as it simultaneously assumes the Voyager brand. To complete the acquisition, Voyager will
Blockchain is still far from maturity, says China’s former IT minister

Blockchain is still far from maturity, says China’s former IT minister

BITCOIN
Please share if you find this article interesting. Blockchain is still far from maturity, says China’s former IT minister Wu Zhongze, China's former vice-minister for Science and Technology and a well-known digital economics expert, believes that blockchain technology is still quite young. During an interview with The Paper, the former IT minister also stated that there was still “not much difference between where China and leading economies such as the United States and Europe” stand in terms of developing blockchain-based ecosystems. Wu noted, however, that China has improved across a number of sectors that are necessary for blockchain development, including hardware manufacturing, platform and security services, industry investment, and financial development, adding: "With th
IPFS lead explains how malicious files are eliminated from its network

IPFS lead explains how malicious files are eliminated from its network

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Please share if you find this article interesting. IPFS lead explains how malicious files are eliminated from its network The InterPlanetary File System, or IPFS, helps decentralize the internet by making files available across multiple locations instead of through a single centralized point of failure. What happens if someone reports a problematic IPFS file, however? Dietrich Ayala, ecosystem lead for IPFS, explained the process: "Let's say there's a URL, or an IPFS content ID as we call them — there's an IPFS address that we have identified to be malicious or dangerous somehow," Ayala told Cointelegraph. If this sort of problem were to occur on the standard centralized internet, the URL would likely be added to a blacklist and ultimately be made inaccessible by the server hosti
Prepping for Next Year’s Travel Rule: 25 US Crypto Service Providers Publish Compliance Solutions Paper | Regulation Bitcoin News

Prepping for Next Year’s Travel Rule: 25 US Crypto Service Providers Publish Compliance Solutions Paper | Regulation Bitcoin News

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Please share if you find this article interesting. Prepping for Next Year’s Travel Rule: 25 US Crypto Service Providers Publish Compliance Solutions Paper | Regulation Bitcoin News A great number of cryptocurrency businesses are preparing for the upcoming Financial Action Task Force (FATF) rules toward cryptocurrencies, specifically the Travel Rule. This month 25 Virtual Asset Service Providers (VASPs) published a paper that outlines how American-based VASPs aim to comply with the FATF Travel Rule. Digital currency companies, otherwise known as Virtual Asset Service Providers (VASPs) in the eyes of global regulators are concerned about regulation and compliance this year. In fact, in the recent report written by the Digital Currency Group (DCG), the survey’s findings indicate o
Charles Hoskinson calls for a different kind of apoliticism than Brian Armstrong

Charles Hoskinson calls for a different kind of apoliticism than Brian Armstrong

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Please share if you find this article interesting. Charles Hoskinson calls for a different kind of apoliticism than Brian Armstrong “My first thought was he must have been hacked”, said Hoskinson, reflecting on opening an email he received from David Barrett, the CEO of Expensify, urging him to vote for Joe Biden: Source: Twitter.Hoskinson later discovered that he was not the only recipient of the email at IOHK, but was rather a part of a bulk email blast sent to all of his company's employees. Hoskinson remembered using Expensify, a platform which provides companies with expense management tools, in the early days of IOHK, but could not immediately recall if they were still using it. He mentioned in a 10-minute YouTube diatribe: “I don't think in the history of doing business —
Attack of the bots! Paxful fights off thousands of automated threats

Attack of the bots! Paxful fights off thousands of automated threats

BITCOIN
Please share if you find this article interesting. Attack of the bots! Paxful fights off thousands of automated threats Paxful, a peer-to-peer cryptocurrency marketplace, has successfully defended against a number of serious threats, including 220,000 bot attacks and a variety of social engineering ploys — all in the span of two months. During the same time period, hackers managed to steal around $200 million worth of cryptocurrency from the KuCoin exchange, and another unconnected attack saw $5.4 million stolen from Eterbase. Paxful said that its alleged attackers attempted to use automated bots to brute force their way into accounts belonging to the project's users: “Bots, which are reported to generate about a quarter of global Web traffic, are de facto programs that emulate
South Korean gov’t doesn’t know who will protect crypto exchanges from Kim Jong-Un’s hackers

South Korean gov’t doesn’t know who will protect crypto exchanges from Kim Jong-Un’s hackers

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Please share if you find this article interesting. South Korean gov't doesn't know who will protect crypto exchanges from Kim Jong-Un’s hackers There has been a hot political debate underway on who should take responsibility for countering North Korean hacks targeting South Korean cryptocurrency exchanges. Recently, South Korea's financial watchdog made it clear that they do not see this issue as any of their business. According to Fn News, the Financial Services Commission, or FSC, has replied to a written inquiry from the National Assembly’s Political Affairs Committee on October 23. The FSC says that they’re not responsible for the crypto stolen during attacks from hackers sponsored by the Kim Jong-un’s regime, such as Lazarus Group, on crypto exchanges. Per the report, the wa
US AML watchdog wants info on all international crypto transactions over $250

US AML watchdog wants info on all international crypto transactions over $250

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Please share if you find this article interesting. US AML watchdog wants info on all international crypto transactions over $250 The Financial Crimes Enforcement Network (FinCEN) and Federal Reserve are looking to get more information on smaller transactions than ever before.  According to a notice of proposed rulemaking published on Friday, the agencies want to lower the $3,000 threshold established in 1995 to $250 for international transactions, meaning that financial institutions would need to exchange client information alongside all transactions greater than $250 that begin or end outside of the United States. Which is to say, the Travel Rule, as it is known, would apply to quite small amounts of money changing hands. The proposed change specifically calls out "convertible v
Market Wrap: Bitcoin Pulls Back From $13K While Ether Falls on DeFi Cooling

Market Wrap: Bitcoin Pulls Back From $13K While Ether Falls on DeFi Cooling

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Market Wrap: Bitcoin Pulls Back From $13K While Ether Falls on DeFi Cooling Bitcoin has pulled back from 2020’s highs while ether slips as DeFi cools off. Bitcoin (BTC) trading around $12,919.97 as of 20:00 UTC (4 p.m. ET). Slipping 1.36% over the previous 24 hours. Bitcoin’s 24-hour range: $12,731.06-$13,192.25. Bitcoin’s price had a minor pullback Friday after hitting fresh new 2020 highs that put it above $13,000 in the past week. However, analysts and traders said they were not surprised at all by the recent moves.  Read More: Active Bitcoin Addresses at Highest Since 2017’s $20K Price Record An immediate sell-off by long-time bitcoin holders when prices hovered around $13,000 could be why bitcoin struggled to mainta
Bitcoin price rise to $500k is inevitable, Winklevoss twins say

Bitcoin price rise to $500k is inevitable, Winklevoss twins say

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Please share if you find this article interesting. Bitcoin price rise to $500k is inevitable, Winklevoss twins say Gemini crypto exchange founders Tyler and Cameron Winklevoss said that Bitcoin (BTC) will eventually hit $500,000 per coin during a recent interview with podcast host Peter McCormack. “The question in our mind is not so much does it get to $500,000, but how quickly,” Tyler told McCormack during the Oct. 23 podcast episode. His thesis takes the market cap of gold and theoretical central bank allocation into consideration. "I would sort of contend that $500,000 Bitcoin is actually pretty conservative and the game hasn't even really started," Cameron noted. MicroStrategy and others buying significant amounts of Bitcoin for their treasury reserves seems to indicate that