Petitions to End RBI Crypto Banking Ban Advancing in India

A lawyer representing the Internet and Mobile Association of India in its writ petition against the RBI banking ban has shared new details of the progress to lift the ban with news.Bitcoin.com. The supreme court recognizes the urgency of hearing the RBI case without waiting for the Indian government to introduce crypto regulation. Also read: Indian… Continue reading Petitions to End RBI Crypto Banking Ban Advancing in India

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Decentralized Databases Could Address Blockchain’s Scalability Issues

Blockchains are slow and bottlenecked by limited scalability. Meanwhile, decentralized databases maintain many of the benefits of a blockchain while potentially addressing scalability. Are these systems a viable alternative? Blockchains have become more and more mainstream in the enterprise environment. Walmart is testing supply chain solutions to track lettuce, Spotify acquired Mediachain to test content… Continue reading Decentralized Databases Could Address Blockchain’s Scalability Issues

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Bitfinex Partnered With at Least 6 Different Banks During 2018

22 months since Wells Fargo suspended the processing of withdrawals sent by four Taiwanese banks that service Bitfinex, the platform remains among the top 20 exchanges by adjusted volume. While Bitfinex hosted more than $5 billion in trade this past month, the exchange has struggled to establish reliable banking partners, with traders seeking to deposit… Continue reading Bitfinex Partnered With at Least 6 Different Banks During 2018

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Crypto Mining Could Bring Russia $1B in Taxes, Report Suggests

Using its excess energy generating capacity to mine cryptocurrencies, Russia can increase its budget receipts by more than $1 billion dollars in annual tax revenue. The estimate comes from a report that also calls for the establishment of a Russian crypto valley.   Also read: Defying Crypto Winter, Swiss Crypto Valley Grows to 750 Companies… Continue reading Crypto Mining Could Bring Russia $1B in Taxes, Report Suggests

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Italian Court Orders Bitgrail Founder to Refund $170M of ‘Missing’ Cryptocurrency

An Italian court has ruled that Francesco Firano, founder of defunct cryptocurrency exchange Bitgrail, was at fault for the disappearance of $170 million worth of the nano digital currency on his exchange last year. Firano, who called himself “The Bomber,” is now “required to return as much of the assets to his customers as possible.” Also… Continue reading Italian Court Orders Bitgrail Founder to Refund $170M of ‘Missing’ Cryptocurrency

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Van Eck Associates CEO: Bitcoin Investors Will Add Gold This Year

Gold and bitcoin markets have have attracted comparisons for some time now, with gold investors taking an interest in the cryptocurrency during the 2017 bull market. But some of these investors are now reintroducing gold to their portfolio, according to Jan Van Eck of Van Eck Associates.  Also read: 8 Food Delivery Sites That Accept Cryptocurrency… Continue reading Van Eck Associates CEO: Bitcoin Investors Will Add Gold This Year

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Bitcoin Mixing Concept Payjoin Makes a ‘Huge Mess’ for Blockchain Surveillance

On Jan. 24, Adam Gibson, author of Waxwing’s Joinmarket blog, wrote about an interesting Coinjoin concept called Payjoin. The protocol further obfuscates the ownership of UTXO inputs during a Coinjoin transaction mixing cycle. According to Gibson, the Payjoin technique is “another nail in the coffin of blockchain analysis.” Also read: Mystery Bitcoin Miners Are Altering Mining… Continue reading Bitcoin Mixing Concept Payjoin Makes a ‘Huge Mess’ for Blockchain Surveillance

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Consortium of 11 Indian Banks Launch Blockchain-Linked Funding for Small Businesses

Eleven Indian banks have joined an initiative that may change the way small businesses obtain loans, via blockchain. The blockchain-linked loan system will focus on small and medium enterprises and aims to remove communication barriers between India’s largest banking providers. Blockchain-Linked Funding Aimed for SMEs A consortium of India’s eleven largest banks launched the first… Continue reading Consortium of 11 Indian Banks Launch Blockchain-Linked Funding for Small Businesses

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