MIT Professor: Blockchain Is Good on Its Own but Not Good for Voting

Computer scientist Ronald Rivest has said that blockchain is not the right technology for voting, although it can find proper application in a number of other areas. Computer scientist Ronald Rivest has said that blockchain is not the right technology for voting, although it can find proper application in a number of other areas. Rivest delivered his opinion at the RSA Security Conference, held in San Francisco earlier this week, technology-focused news outlet ITWire reported on Feb. 28. Rivest — who is a cryptography expert and a professor at the…

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Price Analysis Feb 28: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LINK

If the bulls successfully defend the 200-day moving average on several major cryptocurrencies it might offer buying opportunities for traders. Recently, the chairman of Virgin Galactic Chamath Palihapitiya said that “everybody should probably have 1% of their assets in Bitcoin,” as it is “an uncorrelated hedge” to the excesses in the financial industry. He did not approve of the strategy to buy Bitcoin only when the equity markets are down. Instead, he said that investors should keep a long-term view on Bitcoin and consider it as “insurance”. Fundstrat’s Tom Lee…

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Secure Encryption Key Management Modules, Explained

The encryption process generates cryptographic keys that are used to lock (encrypt) and unlock (decrypt) data. There are two forms of encryption keys: symmetric and asymmetric. Key management providers, examples While many exchanges or custodians still operate a multisig cold wallet approach, there are now several key management providers on the market. Unbound Tech is the first to offer a virtual HSM, called Crypto Asset Security Platform, or CASP, using secure MPC. It distributes private keys and transaction approval, validation and signing, among multiple approvers — including offline participation and…

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ICE Reveals Cryptocurrency Intelligence Program Targeting P2P and Darknet Markets

Budget proposals have revealed the existence of a ‘Cryptocurrency Intelligence Program’ within the US Immigration and Customs Enforcement agency. The United States Immigration and Customs Enforcement (ICE) has revealed the existence of a Cryptocurrency Intelligence Program (CIP) in the agency’s 2021 budget proposal. The proposal states that the CIP seeks to identify unlicensed capital flows taking place across peer-to-peer (P2P) marketplaces, online forums, and darknet markets. The CIP was developed by ICE’s Bulk Cash Smuggling Center (BCSC). “The BCSC has developed a Cryptocurrency Intelligence Program (CIP) which identifies unlicensed money…

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‘A Drop-in Replacement for ABC’ – BCH Devs Release Bitcoin Cash Node Software

On February 27, a group of developers behind the Bitcoin Cash Node implementation released the first version of the project’s codebase. The new client is essentially a drop-in replacement for Bitcoin ABC 0.21.0, as the code aims to disable the Infrastructure Funding Proposal (IFP). Also Read: BCH Funding Debate: Developers Plan to Launch IFP-Free Version of Bitcoin ABC Bitcoin Cash Node Unveils Code and Rebrands The Bitcoin Cash (BCH) community was introduced to the open source codebase for a new full node project called the Bitcoin Cash Node on Thursday.…

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Bitfinex Completes Another $100M Loan Facility Repayment to Tether

Major crypto exchange Bitfinex has repaid another $100 million of the loan facility to stablecoin operator Tether. Hours after experiencing a major denial of service attacks (DDoS) attack, Bitfinex has announced it repaid another part of the loan facility to Tether. In a Feb. 28 blog post, Bitfinex revealed that the cryptocurrency exchange repaid $100 million of outstanding loan facility to major stablecoin operator Tether (USDT). Similarly to a previous repayment in July 2019, Bitfinex processed the transaction in fiat via wire transfer wired to Tether’s bank account. According to…

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Grammy-Nominated Artist Akon to Launch Cryptocurrency on Stellar

Multi platinum-selling artist Akon will launch his Akoin cryptocurrency on the Stellar network. Multi platinum-selling recording artist Akon has chosen to build his Akoin cryptocurrency ecosystem on top of the Stellar blockchain. Akoin co-founder and president Jon Karas said they chose to launch the project on Stellar due to sharing similar values. “Akoin selected Stellar’s distributed, hybrid blockchain due to a shared vision for creating global financial inclusion, particularly in areas such as Africa,” he explained in a Feb. 28 announcement. Part of Stellar’s mission is to help bank the…

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Blockchain Firm AVA Labs Acquires Private Investments Platform Investery

Blockchain firm AVA Labs acquired private investment platform Investery to further expand its operations. Blockchain firm AVA Labs acquired private investment platform Investery to further expand its operations. AVA Labs told Cointelegraph on Feb. 27 that the acquisition will enhance its financial offering by enabling access to private asset platforms and the issuance of private financial assets. Furthermore, Investery’s existing partnerships will also transition over to AVA. An expansion to private financial asset management Acquiring Investery will expand AVA Labs’ capabilities in managing private financial assets. The acquired firm provides…

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Crypto Contributes to Money Laundering Problems in Latin America, Report

Amid a major economic downgrade, countries in Latin America suffer increasingly from money laundering through crypto, a new report says. Amid a major economic downturn, countries in Latin America (LATAM) are increasingly suffering from money laundering through cryptocurrencies, a new report says. Cryptocurrencies like Bitcoin (BTC) have become a major tool of organized crime groups and hackers in LATAM countries, according to a Feb. 27 report issued by threat intelligence firm IntSights. Titled “The Dark Side of Latin America,” the report claims that LATAM countries top the list of the…

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Why Banks Aren’t Banking Your Crypto Startup

Blockchain integration into the banking industry will raise the quality of banking services and improve the customer experience. Your bank, no matter how neo or how challenger, can’t bank Bitcoin (BTC). They could bank blockchain companies, adding value and providing services for the space, which would be good for both the bank and the clients, but they are afraid of repercussions from regulators and their partners. Since many smaller banks use “correspondent banks,” whose direct access to the Federal Reserve system’s FedWire and other official payment rails they leverage, they…

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