Binance Falls From Top 10 in CryptoCompare’s New Crypto Exchange Rankings

Binance, the second-biggest crypto exchange, fell out of CryptoCompare’s new exchange rankings due to security concerns. London-based crypto data provider CryptoCompare has updated its crypto Exchange Benchmark, removing Binance cryptocurrency exchange from the list of the top 10 exchanges. Binance, the second biggest crypto exchange by daily trade volume to date, is not included in the CryptoCompare’s list as the rankings do not rely on aggregate volume data in its analysis, the firm said in a press release to Cointelegraph on Nov. 19. In order, the top 10 crypto exchanges…

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Mega-Utility Token UPT Will Offer Interest and Discounts on Trading

About to make its initial exchange listing, Universal Protocol Token (UPT) will serve as a mega-utility token, offering holders attractive interest rates when lending and borrowing, lower exchange fees, cashback and discounts on trading. Also Read: Universal Protocol Alliance to List Mega-Utility Token on Bitcoin.com Exchange Mega-Utility Token to Debut Wednesday The Universal Protocol Alliance is a group of like-minded cryptocurrency companies and blockchain organizations that want to connect different digital assets in a single network. The group has identified that many users need innovative solutions to move digital assets…

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Bitcoin Slips in KPMG Rankings, But Cryptocurrency Innovation Has Strong Showing

Cryptocurrency and blockchain firms are well-represented among a recent KPMG ranking of fintech firms. On Nov. 18, Big Four auditing firm KPMG released its 2019 Fintech100 ranking, which lists the top 100 fintech firms in the world. The list saw a drop in Bitcoin-related companies but reinforced innovation in the payments industry. As was the case in 2018, AntFinancial — owned by Jack Ma of Alibaba — led the ranking. AntFinancial controls Alipay, one of China’s leading payment systems, and is valued at $83 billion. Among the companies that offer…

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Gatehub Crypto Wallet Data Breach Compromises Passwords of 1.4M Users

Security researcher finds that password data and personal information of 1.4 million users of GateHub cryptocurrency wallet service have reportedly been dumped online. A security researcher behind the data breach index site “Have I Been Pwned” said that password data and personal information of 2.2 million users of two websites have been dumped online. On Nov. 19, Ars Technica reported that security researcher Troy Hunt confirmed that the compromised data belonged to accounts of cryptocurrency wallet, GateHub, and RuneScape bot provider EpicBot. A total of 2.2 million accounts were breached…

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Online Gaming Platform Lets Gamers Collect BTC In First-Person Shooter Game

Online gaming platform Donnerlab lets gamers hunt for Bitcoin and pick-up Satoshi cubes in a fully lightning-native multiplayer first-person shooter game. Donnerlab, an online gaming platform that builds lightning games and applications, lets gamers hunt for Bitcoin (BTC) and pick-up “Satoshi cubes.” Shoot other players and collect satoshis In a tweet on Nov. 19, Donnerlab announced the launch of its latest project, titled Bitcoin Bounty Hunt, a fully lightning-native multiplayer first-person shooter (FPS) game. The Lightning network is a payment protocol that allows for fast, micropayments between two so-called nodes…

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IRS Laughs Off Coinbase User’s ‘Surveillance Conspiracy’ in Tax Reporting Case

The U.S. Internal Revenue Service reaffirms its summons on crypto trading platform Coinbase in an income tax investigation as completely legitimate in fresh filing. The United States Internal Revenue Service (IRS) has argued that its summons on major American crypto exchange Coinbase is indeed legitimate in a recent filing. Per a Nov. 15 filing, the U.S. tax agency told a California federal court that its investigation of Coinbase customer William Zietzke is completely legitimate.  Zietzke claims summons was issued outside IRS’s authority Zietzke is attempting to quash the summons issued…

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Why Tokenized Projects Are Building on Bitcoin

Bitcoin is something you hodl. Ethereum is something you build on. At least that has long been the official narrative, with projects favoring dedicated smart contract networks over Bitcoin for spinning out dapps and second layer solutions. Like all crypto narratives, however, this one has started to shift, as projects reappraise the benefits of crafting censorship-resistant applications anchored to Bitcoin Core and Bitcoin Cash. Also read: Coinex Chain Launches Tokens Anchored to BTC and BCH Why Businesses Are Issuing Tokens on SLP Businesses of all kinds are issuing tokens on…

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HashCash to Trace Mineral Supply Chain From Congo For Car Manufacturers

HashCash Consultants partners with a group of international car, mining and battery manufacturers for blockchain-based supply chain network to track mineral origins. Blockchain company HashCash Consultants has announced a partnership with a group of international car, mining and battery manufacturers to develop a blockchain-based supply chain network to track minerals. As Business Insider reported on Nov. 18, the parties are planning to build a blockchain-based supply chain system to trace ethical sourcing of minerals used in car and battery production such as cobalt, tungsten and lithium. By doing this, the…

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‘Lost Coins’ Study Estimates BTC’s True Supply

Many people like the fact that Satoshi Nakamoto introduced a capped supply of 21 million coins when he created the Bitcoin protocol. However, there’s been a lot of speculation aimed at guessing the number of ‘lost coins’ that will never be spent. On November 19, the digital currency data and research site Coin Metrics published an in-depth study that estimates the true number of BTC’s circulating supply. Also read: Walk Like Nakamoto: 7 Anonymous Personalities in the Crypto Space Coin Metrics Estimates the Number of Lost Bitcoins According to various…

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PayPal Leads $4.2M Funding Round for Crypto Risk Management Platform

Payment processor PayPal has led a $4.2 million funding round for cryptocurrency risk management platform TRM Labs to further grow its services. Payment processor PayPal has led a $4.2 million funding round for cryptocurrency risk management platform TRM Labs. In a Nov. 19 press release TRM Labs announced that it secured $4.2 million in an investment round led by PayPal, with participation from other top investors including Initialized Capital, Blockchain Capital and Y Combinator. Building solutions to prevent crypto fraud and financial crime TRM, which was founded in 2018, aims…

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