Bitcoin.com Update: Dev Fund Proposal ‘Will Not Go Through’ Without More Agreement

The BCH infrastructure funding proposal initially announced by Jiang Zhuoer on January 22 will not go through as planned without greater agreement in the Bitcoin Cash community, Bitcoin.com has announced via a read.cash post uploaded today. Also Read: Heated Debate Continues Over Bitcoin Cash Infrastructure Funding Plan Bitcoin.com Will Not Support Plan Without Greater Agreement in BCH Ecosystem Bitcoin.com has now announced it will not be going through with the original proposal for infrastructure funding until a greater agreement can be reached among ecosystem participants. In a post to the…

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Hearing Concluded: Indian Supreme Court Deliberates on Crypto vs RBI Case

The Indian supreme court has finished hearing the crypto vs. Reserve Bank of India (RBI) case. The hearing concluded on Tuesday with the counsel for the Internet and Mobile Association of India wrapping up his arguments, followed by arguments by the counsel representing crypto exchanges. The court is now in deliberation. Also read: Regulatory Roundup — New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies IAMAI Concludes Arguments in Supreme Court The supreme court of India resumed hearing the crypto vs. RBI case on Tuesday morning. The…

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Swiss Bank Julius Baer Offers New Digital Asset Services With Licensed Crypto Bank SEBA

Switzerland, a nation that’s been quite positive towards crypto business, is facilitating the integration between its traditional financial sector and the blockchain industry. With greater regulatory clarity and stability coming, established banks are plucking up the courage to offer digital asset products and services helped by local fintechs. Also read: Companies Keep Flocking to Swiss Crypto Valley, Over 1,000 Jobs Added in a Year Century-Old Swiss Bank Provides Clients With Crypto Storage and Transaction Solutions Crypto banking has been expanding through partnerships within the industry, but it’s also promising to…

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Rebranded Localcryptos Lets You Cash Out BTC Peer to Peer – Minus the Hassle of KYC 

If you’ve ever had a sudden need for fiat while all in crypto, you’ll understand the difficulty of cashing out without KYC-ing away your identity and that of your unborn children. Localbitcoins is now an AML hellhole, Bisq is great if you’re happy to wait two days for a trade, which leaves what exactly? Localcryptos.com. That’s what. Also read: A Bitcoin War Is Brewing Over KYC What’s the Deal With Localcryptos? Before its rebrand, Localcryptos (LC) went by the name of Localethereum. Launched in Australia in 2017, the platform’s addition…

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Governments and Enterprises Can’t Get Enough of Blockchain – The Gateway to Bitcoin

Governments have long been wary of Bitcoin, while expressing admiration for its innovative ledger system. This trend can be traced back till 2014, when the “blockchain not bitcoin” mantra was coined. Six years on and that sentiment is being backed by action as governments and businesses the world over commission blockchain initiatives. Are these entities genuinely bullish on blockchain? Or are they simply trying to stay relevant and capitalize on tech trends? Also read: US Tax Advisor Tells Crypto Customers to Self-Report on Taxes, Even If Imperfectly National and Enterprise…

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Localcryptos Lets You Cash Out BTC P2P – Minus the KYC 

If you’ve ever had a sudden need for fiat while all in crypto, you’ll understand the difficulty of cashing out without KYC-ing away your identity and that of your unborn children. Localbitcoins is now an AML hellhole, Bisq is great if you’re happy to wait two days for a trade, which leaves what exactly? Localcryptos.com. That’s what. Also read: A Bitcoin War Is Brewing Over KYC What’s the Deal With Localcryptos? Before its rebrand, Localcryptos (LC) went by the name of Localethereum. Launched in Australia in 2017, the platform’s addition…

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Governments and Enterprises Can’t Get Enough of Blockchain

Governments have long been wary of Bitcoin, while expressing admiration for its innovative ledger system. This trend can be traced back till 2014, when the “blockchain not bitcoin” mantra was coined. Six years on and that sentiment is being backed by action as governments and businesses the world over commission blockchain initiatives. Are these entities genuinely bullish on blockchain? Or are they simply trying to stay relevant and capitalize on tech trends? Also read: US Tax Advisor Tells Crypto Customers to Self-Report on Taxes, Even If Imperfectly National and Enterprise…

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Heated Debate Continues Over Bitcoin Cash Infrastructure Funding Plan

Last Wednesday, the founder of the mining operation Btc.top announced a proposal that would fund Bitcoin Cash (BCH) development over the course of six months. Over the last five days, the funding plan has been the most dominant conversation within the BCH ecosystem, as supporters debate the merits of the miner’s proposal. This week, BCH community members heard from the developer Imaginary Username, Bitcoin Unlimited’s Peter Rizun, and an opposing mining operation that dislikes the funding plan’s details. Also Read: Bitcoin Cash Miners Plan $6M Development Fund by Leveraging Block…

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Ukraine to Oversee Crypto Transactions Above $1,200, Sees Opportunities in Legalization Not Risks

Cryptocurrency transactions in Ukraine will be strictly monitored by the state, although the country’s finance minister admits that it’s not digital coins but fiat cash that criminals and corrupt officials are more likely to use. The legalization of cryptocurrencies remains a priority in Kiev as the government has indicated its clear understanding that the benefits outweigh the risks. Also read: New Ukrainian Law Says ‘Virtual Assets’ Can Be Used for Payments Exchanges and Banks to Collect and Keep User Data Operations conducted by crypto companies and other entities dealing with…

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More Than 77 Crypto Projects Claim to Be Backed by Physical Gold – After 30 Failed

The last few years have seen the creation of blockchain projects that claim to have tokens backed by physical gold. In October, Coinshares and Blockchain.com launched a digital gold token (DGLD) backed by physical gold that uses BTC’s security. Tether just announced a new token called tether gold (XAUT), which will be listed for trading on Bitfinex. The company that created the dominant stablecoin USDT claims a single XAUT token represents one troy fine ounce of gold. Also read: Data Shows $25 Billion Worth of Bitcoin and Ether Held by…

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