Category: Cryptocurrency
-
A Commentary On FinCEN’s Proposed KYC Requirements
Policy Division Financial Crimes Enforcement Network P.O. Box 39 Vienna, VA 22183 FinCEN Docket No. FINCEN-2020-0020, RIN 1506-AB47 January 4, 2020 Dear Sir or Madam, The proposed regulations on currency transaction reports and record-keeping seem to require that banks and money services businesses (MSBs) be able to prove that an identified counterparty to a transaction…
-
Not Your Node, Not Your Validation
From afar, the Terracotta Army seems to exhibit homogeneous redundancy, but each soldier’s unique facial features portrays a rather diverse army. Source. Part 1: The Redundant Reminder Of Node Redundancy “It won’t succeed unless the user experience is simply better than trusted third parties, but we need to start the education process with the very…
-
Proof Of Keys: A Critical Test For Bitcoin
Proof of Keys day was initially created as a test for exchanges and other third-party custodians — a way for individuals to ensure that third parties holding bitcoin weren’t operating as a fractional reserve. Let’s face it: It’s likely that many third-party bitcoin custodians are doing just that, and Proof of Keys day is unlikely…
-
Massive Exodus of Bitcoin Continues to Leave Exchanges, Over 87,900 BTC Withdrawn in 30 Days
Despite the bitcoin price high, there continues to be a massive exodus of bitcoin leaving exchanges. Onchain data shows exchanges are being drained like a sieve and during the last 30 days, 87,954 bitcoin was withdrawn from the top crypto trading platforms. Back in December 2019, it was reported that the San Francisco-based exchange Coinbase…
-
Massive Exodus of Bitcoin Continues to Leave Exchanges, Over 87,900 BTC Withdrawn in 30 Days
Despite the bitcoin price high, there continues to be a massive exodus of bitcoin leaving exchanges. Onchain data shows exchanges are being drained like a sieve and during the last 30 days, 87,954 bitcoin was withdrawn from the top crypto trading platforms. Back in December 2019, it was reported that the San Francisco-based exchange Coinbase…
-
1,000 Decade-Old Dormant Bitcoins Moved Today on Bitcoin’s 12th Anniversary
12 years ago, Bitcoin’s inventor Satoshi Nakamoto launched the network after revealing the cryptocurrency concept via the white paper a few months prior. At approximately 18:15:05 UTC, the network launched its first block and since then, over 664,000 bitcoin blocks have been mined. Moreover, on the 12th anniversary of the network coming to life, a…
-
Celebs and crypto in 2020: Blockchain cities, Bitcoin newbies and Twitter trolling
2020 saw a number of celebrities make waves in the crypto space, from crypto-powered cities and SEC lawsuits to Bitcoin newcomers.
-
Bitcoin Will Rise Above $100,000 In 2021
2020 was unforgettable, especially for Bitcoin. To help memorialize this year for our readers, we asked our network of contributors to reflect on Bitcoin’s price action, technological development, community growth and more in 2020, and to reflect on what all of this might mean for 2021. These writers responded with a collection of thoughtful and…
-
Crypto Art Of Resistance: Remember, Remember The Legacy Of The Cypherpunks
In the last months we have witnessed an upswing in the non-fungible token (NFT) art scene. More artists, collectors and curators are pushing into this promising market, which features unique and timestamped artistic creations based on blockchain technology. Since an extended and misunderstood definition of the term “crypto art” is clearly emerging as a result…
-
Bitcoin’s 2020 In Tech
Seemingly undisturbed by 2020’s craziness, and largely unfazed by bitcoin’s wild price swings that concluded with new all-time highs in December, Bitcoin’s technical community continues to plow ahead. Bitcoin’s software and the many projects around it were gradually improved throughout the year, as software was optimized, bugs fixed and privacy leaks patched. The bulk of…