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Read MoreMonth: February 2018
A New Smartphone Aims to Keep Your Crypto Safe
With large and small-scale cyber attacks costing exchanges and individuals their hard-earned digital currencies, one company is releasing a smartphone aimed at securing your investments from even the most skilled would-be cryptocurrency thieves. One Phone to Secure Them All Sikur, a cybersecurity firm based in Germany, has released a smartphone designed to protect your cryptocurrency from even the most skillful hackers. Unveiled today at the Mobile World Congress in Barcelona, the SIKURPhone features — in addition to a 5.5-inch full-HD display and 13-megapixel rear camera — a built-in cryptocurrency software…
Read MoreLas Vegas Strippers Accept Bitcoin via QR Tattoos
There has been a lot of talk recently about the missing representation of women in the male-dominated cryptocurrency ecosystem. While Las Vegas strippers are not the representation some hoped for, they are an example of how bitcoin can help working women control their financial affairs and avoid potential problems with prudish banks. Also Read: Bitpay Bans Payments to Merchants of Explicit Content, Cloud-Mining and Gambling Bitcoin Dancers A Las Vegas news show has featured a segment on an adult entertainment venue in the city which enables its dancers to get…
Read MoreJustice Dept Looks to Develop ‘Cryptocurrency Strategy’
Over the past few months, the U.S. government and its special agencies have been ramping up their efforts to try to regulate bitcoin and digital currencies. This week the Justice Department’s Deputy Attorney General Rod Rosenstein spoke about cryptocurrencies at the Financial Services Roundtable this Monday in Washington, DC. Also read: Sixth Grader Writes a 57-Page Book About Bitcoin The Justice Department’s Cybercrimes Task Force Will Develop a Cryptocurrency Focused Strategy According to multiple reports, the Justice Department is planning to launch a comprehensive strategy for cryptocurrencies. In a caucus filled…
Read MoreCrashes And Failed Payments: Peter Todd Urges Caution Over Lightning Network
Bitcoin Core developer Peter Todd has delivered a frank appraisal of the Lightning Network, suggesting it is technically insufficient in its current form. Lightning’s Growing Pains Writing about his “initial impressions” of Lightning’s testnet implementation on Twitter Monday, Todd questioned aspects including operational resilience and programming language. “Initial impressions of Lightning on testnet: c-lightning segfaults a lot, and when it’s not crashing payments fail more often than not. Writing it in C – a notoriously dangerous language – doesn’t strike me as a good idea,” he wrote. Initial impressions of…
Read MoreRapper 50 Cent Isn’t a Bitcoin Millionaire After All
You may be able to find rapper 50 Cent in the club with a bottle full of bub’, and he may have what you need — just as long as what you need isn’t Bitcoin. Disappointing fans of both rap and digital currency everywhere, it turns out that Curtis James Jackson III — commonly known by his rap handle 50 Cent — isn’t a Bitcoin millionaire after all. Or so he claims. As was originally reported by TMZ, 50 Cent was one of the first rappers to accept the dominant digital…
Read MoreAnother Thai Bank Shuts Down Accounts of Local Crypto Exchange
Another major Thai bank is reportedly terminating transactions involving cryptocurrencies through the bank accounts of a local crypto exchange. This decision follows a similar move by another major Thai bank, Bangkok Bank, to terminate the same exchange’s bank accounts. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Second Bank Closes Account of Crypto Exchange A major Thai financial institution, the state-owned Krungthai Bank, has “shut down crypto trade accounts,” the Bangkok Post reported on Monday. The bank has become the second in Thailand “to terminate transactions involving cryptocurrencies trading…
Read MoreThe Case of Apple Co-Founder Steve Wozniak’s Stolen Bitcoins
Apple co-founder Steve Wozniak has long been a fan of Bitcoin and cryptocurrency, citing their purity as attractive in a manipulative world. In fact, he’s added to his already sizable fortune with some shrewd Bitcoin trades. He too, however, has fallen victim to fraud. ‘It Was That Easy!’ Apple co-founder Steve Wozniak is a big fan of Bitcoin — or, at least, he used to be. Wozniak first bought into Bitcoin when it was worth $700, before flipping it for massive profits during the digital currency’s monumental run-up. Woz found Bitcoin…
Read MoreBitwala Launching Full-Fledged Crypto-Friendly Banking Service with Debit Card
Bitwala has announced that it is launching a new banking service with real debit cards. Its application with the Federal Financial Supervisory Authority of Germany (Bafin) is pending. Once approved, customers’ funds will be guaranteed up to €100,000. The move follows the suspension of the company’s prepaid Visa cards. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Bitwala’s New Banking Service Blockchain-based payment service provider Bitwala announced on Monday that it is building an online bank account service, “enabling a seamless transition between the crypto and fiat worlds.” The account…
Read MoreChinese Entrepreneur Warns Against Mining and ICO Bans
Angel investor and Founder of Chinese app Meitu, Cai Wensheng, has published criticisms of the central government’s expanding regulatory crackdown on cryptocurrencies via Wechat. Mr. Wensheng warns that heavy-handed regulatory policies may squander the opportunity for China to maintain a significant presence in the burgeoning global cryptocurrency sector, in addition to arguing that many of the challenges faced by cryptocurrencies are indicative of the typical “development process” experienced by emerging monetary forms. Also Read: Cryptocurrency Exchange Poloniex Has Been Bought by Circle Meiti Founder Argues Mining Could Comprise Major Chinese Export…
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