Bitcoin Cash Captured More Than 10% of Darknet Sales Last Month

2019 was an interesting year for darknet markets (DNMs) and a number of marketplaces closed for a variety of reasons. Despite the closures, crypto payments on DNMs doubled for the first time in five years. Moreover, statistics from the blockchain analytics provider 1000x Group show digital currencies like bitcoin cash (BCH) have joined BTC’s dominant role within the deep web. Also Read: BCH Merchant Directories Now List 4,300 Bitcoin Cash-Accepting Businesses 1000x Group Data Shows An Uptick of Bitcoin Cash Used for Darknet Sales There’s been a number of reports…

Read More

Australia’s Blockchain Roadmap Isn’t Music to Everyone’s Ears, Draws Criticism

So far, 2020 has been a year of cryptocurrency regulation… Now, Australia has unveiled its five-year blockchain strategy. So far, 2020 has been a year of cryptocurrency regulation: The European Union, the United Kingdom and Singapore have officially introduced their approaches to the burgeoning industry. Now, Australia has published its national roadmap, hoping to become a global blockchain leader.  Last Friday, Australia’s Department of Industry, Science, Energy and Resources launched the national blockchain roadmap — a 50-page document that defines how blockchain technology could benefit the local economy over the…

Read More

CIA Has Had Keys to Global Communication Encryption Since WWII

Through Crypto AG, the U.S. government has spied on the world for more than half a century, proving the need for private crypto and blockchain solutions. As the crypto and blockchain space investigates seemingly private solutions for payments and messaging, the U.S. Central Intelligence Agency, or CIA, has had the backdoor to one of the world’s major encryption systems since World War II.  Beginning in WWII, Swiss company Crypto AG operated as a seemingly neutral party that developed encrypted communications solutions for over 120 different countries over much of the…

Read More

Central Bank Digital Currencies Are Good for Bitcoin, Barry Silbert Says

Central bank digital currencies would positively impact non-central bank crypto like Bitcoin, Grayscale Investment CEO Barry Silbert believes. Bitcoin (BTC) would benefit from global central banks issuing their own cryptocurrencies, the founder at the world’s largest digital asset manager believes. Barry Silbert, founder and CEO of digital currency asset manager Grayscale Investments and blockchain venture capital firm Digital Currency Group (DCG), has again expressed his bullish stance on Bitcoin in the latest Grayscale investor call on Feb. 12. During the call titled “The State of Digital Currencies,” Silbert spoke of…

Read More

Bitgo to Offer Regulated Crypto Custody in Switzerland and Germany

European crypto exchanges, as well as other companies with significant crypto holdings they need to protect, now have another option for cold storing their digital fortune. Bitgo is expanding out of the U.S. and into Europe with two new companies in Switzerland and Germany. Also Read: German Fintechs Rush to Offer Crypto Custody Services Under New Law Bitgo Expands to Switzerland and Germany Bitgo, which provides institutional clients with security and financial services for digital assets, has announced that the company is expanding its international presence with two custodial entities…

Read More

Blockstack Pauses App Mining Pilot Due to Challenges in Running Program

Privacy-centric computing network and app ecosystem Blockstack has paused its App Mining pilot due to a range of challenges. Privacy-centric computing network and app ecosystem Blockstack has paused its App Mining pilot due to a range of challenges. Rolled out in 2018, the App Mining project is designed to incentivize developers to build apps on Blockstack. Although the startup has ostensibly seen a healthy app growth throughout 2019 — from 46 to more than 400 apps so far, — it admitted an array of challenges in running a program of…

Read More

SEC Commissioner CryptoMom Explains Planned ICO Safe Harbor to Cointelegraph

SEC Commissioner Hester Peirce aka CryptoMom tells Cointelegraph about her hopes for her new safe harbor proposal for cryptocurrencies in decentralized networks. Commissioner Hester Peirce of the United States Securities and Exchange Commission is known for her work on the regulator’s approach to crypto, enough to have earned the moniker “CryptoMom.” On Thursday, Feb. 6, she presented a new proposal looking to build a safe harbor for networks in their infancy seeking to avoid classification as securities. On Feb. 10, Cointelegraph got the chance to speak with the commissioner at…

Read More

Crypto Crime Doubled in 2019, but Still Under 1% of Transactions

Cryptocurrency darknet proves to be resilient in a new report, yet over 99% of cryptocurrency transactions are legal. It’s a new decade with an old problem for law enforcement officials: How do you stop cybercriminals from stealing billions of dollars in cryptocurrency and using it for illicit purposes? These kinds of criminal activities range from selling illicit drugs, firearms, documents, identities and ransom schemes, to flat out stealing assets — more than $40 billion was noted as fraudulent in the first nine months of 2019, according to a Chainalysis report. …

Read More

Crypto Is ‘Hot’ Right Now as Traders Explain Price Moves

Two Crypto traders are optimistic on recent market price moves, with possible further upside to come. Beginning a rally at the start of 2020, Bitcoin (BTC) and the rest of the crypto market continue to fly upward, showing little signs of slowing down. The “crypto market is hot right now, and what stands out to me the most is that there are plenty of altcoins that are still running even with the strength $BTC is displaying right now,” CNBC crypto trader and Twitter personality BigCheds told Cointelegraph in a message…

Read More

Users of Bitcoin.com Exchange Can Win Rewards Worth $25,000 in Gocrypto Trading Competition

Gocrypto enables businesses with physical or online stores to accept instant crypto payments from different digital wallets with millions of users. To help introduce the SLP token to even more users, Bitcoin.com Exchange is hosting a trading competition where you can win rewards worth $25,000 in GOC. Also Read: Gocrypto SLP Token Starts Trading on Bitcoin.com Exchange GOC Trading Competition Bitcoin.com Exchange is launching a new trading competition to celebrate its partnership with Gocrypto. In total, users can win $25,000 worth of GOC in prizes in this event. The trading…

Read More