Bitcoin Gold 51% Attacked – Network Loses $70,000 in Double Spends

The Bitcoin Gold (BTG) network suffered another set of 51% attacks on January 23-24, as roughly 29 blocks were removed in two deep blockchain reorganizations (reorgs). Reports indicate that more than 7,000 BTG was double spent as the chain suffered a loss of $70,000 in two days. Also read: Bitcoin Gold Hacked for $18 Million Bitcoin Gold Sees Two Deep Blockchain Reorgs With 29 Blocks Replaced In May 2018, the Bitcoin Gold (BTG) blockchain was 51% attacked for the first time suffering a loss of more than $18 million. BTG…

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Dubai Launching Crypto Valley in Tax-Free Zone

A Dubai government authority has announced that it is launching a crypto valley in the country’s free zone there is no personal or corporate income tax. With the help of its partners from the Swiss crypto valley, Dubai will offer a variety of services such as incubation for startups, coworking facilities, blockchain training, education, events, mentoring and funding. Also read: Regulatory Roundup — New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies Crypto Valley in Dubai’s Free Zone DMCC (Dubai Multi Commodities Centre), a Dubai government entity,…

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Everybody’s Staking But Who’s Using Proof of Stake Blockchains?

The primary use case for staking blockchains is staking. That is their raison d’être, and thousands of cryptocurrency holders have utilized this provision to increase their holdings by earning staking rewards. As the total amount of staked tokens trends towards 80% for some blockchains, however, it raises questions as to what other utility these chains provide. Also read: The Fallout From Onecoin’s Ponzi Scheme Continues to Impact Investors Two Thirds of All Staking Coins Are Locked Up The total market cap of all Proof of Stake (PoS) coins stands at…

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Indian Prime Minister Modi Awards Young Entrepreneur for Cryptocurrency App

India’s Prime Minister Narendra Modi has awarded a young entrepreneur for her cryptocurrency price tracking application while the government is still deliberating on the country’s crypto policies. News.Bitcoin.com caught up with the award recipient to find out more about her app. Meanwhile, the Reserve Bank of India (RBI) is being challenged in the supreme court regarding its crypto action. Also read: Regulatory Roundup — New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies Modi Awards Creator of Crypto App While the Indian government is deliberating on whether…

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How to Obscure Bitcoin Cash Transaction Data by Leveraging Cashfusion

Bitcoin Cash developers recently released the alpha software for Cashfusion, a privacy-preserving feature added to the Electron Cash wallet. During the last week, crypto proponents and developers have been testing the protocol regularly in order to find issues and provide the Cashfusion team with feedback. News.Bitcoin.com tested the alpha version of Cashfusion so readers can get a glimpse at how the feature works and how you can fuse transactions on your own. Also read: How to Create Custom SLP Tokens With the Bitcoin.com Mint Cashfusion Privacy: A New Realm of…

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ECB Keeps Subzero Interest Rates and Open-Ended QE Worth €20B a Month and Launches Policy Review

The European Central Bank (ECB) has launched an extensive review that will examine a wide range of its policies by the end of this year. Under its new president, Christine Lagarde, the bank will try to establish why its monetary stimulus has failed to achieve the Eurozone’s goal of close to 2% inflation. Sharing few details, Lagarde indicated the ECB will go on pushing towards the threshold as the institution’s governing body kept a key interest rate below zero and pledged to continue to inject billions into Europe’s economy. Also…

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Bitpay Users Can Now Purchase Crypto With Fiat In-App

On January 23, the cryptocurrency payment firm Bitpay announced it will be allowing customers to purchase digital assets using the Bitpay platform. The Atlanta-based company partnered with fiat-to-crypto payment processor Simplex to offer the crypto purchasing experience. Bitpay says the latest feature will provide an “all-in-one solution” for cryptocurrency-related activities. Also Read: Bitcoin.com Partners With Mecon Cash, Enabling Withdrawal at ATMs Across South Korea Bitpay App Now Allows Crypto Purchases Bitpay has been a leading cryptocurrency payment processor since the firm was founded in 2011 by Stephen Pair and Tony…

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Alexander Vinnik Accused of Laundering Billions Through BTC-e Extradited to France

Alexander Vinnik, the Russian-born IT specialist who spent over two years in detention in Greece, where he was arrested on a U.S. warrant, is now in Paris. The alleged BTC-e operator, suspected of laundering at least $4 billion through the now defunct crypto exchange, has been handed over to France after the Greek judiciary turned down a plea against his extradition. Also read: Russian Opposition Leader Navalny Raises $700,000 in Crypto Donations From a Greek Hospital to a French On Thursday, law enforcement officials took Alexander Vinnik from a Greek…

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BCH Community Leaders Bitcoin.com and Jonald Fyookball Clarify Positions on Funding Proposal

Since Btc.top founder Jiang Zhuoer revealed an infrastructure funding proposal from five major mining pools last week, which would fund BCH devs via redirection of 12.5% of BCH coinbase rewards, the Bitcoin Cash community has been understandably bustling with debate, discussion, and suggestions. Reactions have ranged from calling the move a “tax” that is incongruous with the foundational values of bitcoin, to support and ideas on how to best implement the plan. While the inundation of opinion and emotion has been noisy, a few prominent community leaders and groups with…

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Iran Issues More Than 1,000 Cryptocurrency Mining Licenses

The Iranian government has reportedly issued more than 1,000 licenses for cryptocurrency mining since it began regulating the industry. A number of large mining farms have set up in the country, but high electricity tariffs have kept many small investors away. Also read: Regulatory Roundup — New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies 1,000+ Licenses Granted to Miners An official with Iran’s ICT Guild Organization, Amir Hossein Saeedi Naeini, has revealed the state of the country’s cryptocurrency mining industry, the Financial Tribune reported Friday. In…

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