The Daily: Critical Bug Found in Beam Wallet, Wirex Adds Another Cryptocurrency

In Friday’s edition of The Daily, we cover the news about a vulnerability found in the Beam Wallet days after the launch of the Mimblewimble-based coin. Also, crypto card provider Wirex has added waves to its list of supported cryptocurrencies, and digital asset exchange Exmo has registered an increase in the number of Belarusian users following Binance’s move to restrict their access to its platform. Also read: Trust Wallet Adds BCH, 35,000 Merchants Get Access to Crypto Payments Critical Vulnerability in the Beam Wallet The developers of Beam, a new…

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PR: Bitex Global Launches XBX on Global Exchanges

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. As per the reports, Bitex has launched its cryptocurrency in worldwide cryptocurrency exchanges, coin namely XBX which is now accessible for trading. So now it’s the right time to change your coins which you don’t need into XBX. As cryptocurrency is the evolving aspect of future payments, Bitex is offering you a solution…

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Indian Bank Forcing Customers to Agree to Anti-Cryptocurrency Policy

An Indian bank is reportedly forcing customers to agree that they “will not deal with any transactions related to cryptocurrency including bitcoins” when signing up for an account. In addition, there are reports of banks blocking accounts of their existing customers if they are found to have made crypto-related transactions. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Account Opening Agreement Amid banking restrictions imposed by India’s central bank, the Reserve Bank of India (RBI), a major bank in the country, is reportedly asking customers to…

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Query the Bitcoin Cash Blockchain With Bitcoin.com’s Dedicated Bitdb Node

Over six months ago, Bitcoin.com launched a dedicated development page for programmers working on the Bitcoin Cash (BCH) network. More recently, our web portal further added the literature “Mastering Bitcoin Cash,” a comprehensive overview of BCH basics and technical operation of the protocol. In order to ring in the New Year, Bitcoin.com has added a dedicated Bitdb node and explorer this week that can query the BCH chain. Also Read: Nick Szabo: Central Banks May Turn to Cryptocurrency Reserves Over Gold Bitcoin.com Adds Dedicated Bitdb Node for the Bitcoin Cash Network…

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Run Bank Run

As we know, a number of French cities have been the scene of protest recently. The protesters, distinguished by their yellow vests, have been increasingly creative in their tactics and now seem to have a new plan.  The idea is that if enough people withdraw all their money from the bank at the same time they might be able to force a liquidity crunch requiring government intervention, possibly crashing the Euro, and send a unified message to authorities. While I’m no fan of the fractional reserve banking system, I’m not sure that…

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Block Propagation Startup Bloxroute Partners With Mining Operation Rawpool

On Thursday, Bloxroute Labs announced a partnership with the China-based mining operation Rawpool Group and global video communication software firm Yeecall. Both Rawpool and Yeecall plan to be the first cryptocurrency businesses to adopt Bloxroute’s product, dubbed the Blockchain Distribution Network version one. Also Read: Nick Szabo: Central Banks May Turn to Cryptocurrency Reserves Over Gold Bloxroute Labs Gathers Two Partners  Bloxroute is a company that claims it can provide blockchain networks with better efficiency by propagating blocks in a neutral manner. According to the Bloxroute whitepaper, the Blockchain Distribution Network…

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China Announces New Regulations for Blockchain Companies to ‘Promote Healthy Development’

China is coming down hard on blockchain companies, even though the government appears to favor blockchain over cryptocurrency. The Cyberspace Administration of China (CAC) announced new regulations on Jan. 10 that will compel blockchain platforms to eliminate “undesirable” content while giving authorities access to private stored data and to check the identity of users. Also read: Bitcoin Goes on Sale in 24 French Tobacco Stores ‘Rules to Promote Healthy Development of Blockchain Industry’ China’s Internet Information Service Management Measures, which come into force on February 15, will “promote the healthy development…

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Here’s Why 51% Attacks Don’t Affect Price

51% attacks are catastrophic in the cryptocurrency world–or are they? 51% attacks may be a little bit scary but here’s why they don’t affect price. The Ethereum Classic 51% Attack Ethereum Classic, one of the most popular altcoins by market cap, just succumbed to a 51% attack. A situation in which one mining entity gained control of over half the network’s hash rate caused double spending of thousands of ETC on several exchanges including Bitrue, Gate.io, and, most notably, Coinbase. Coinbase posted on its Twitter account that the exchange had…

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Bitwise Asset Management Files With SEC for New Bitcoin ETF

Bitwise Asset Management is the latest American financial firm to seek regulatory permission for launching a bitcoin ETF. The company thinks it should succeed in getting the SEC’s approval, which all other applicants have failed to do so far, by utilizing a new model for the instrument. Also Read: UK Crypto Ventures Raised Over $255 Million VC Funding in 2018 Bitwise Bitcoin ETF Trust Bitwise Asset Management, a provider of a number of crypto index funds, announced on Thursday, Jan. 10 that it has filed an initial registration statement with…

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