Crypto Exchange UpBit’s Operator Launches Custody Service with Ledger

DXM, subsidiary of UpBit stakeholder Dunamu, works with crypto cybersecurity firm Ledger to launch an institutional crypto asset custody service. DXM, a financial services subsidiary of South Korean fintech firm Dunamu, has worked with crypto cybersecurity firm Ledger to launch an institutional crypto asset custody service. The partnership and the new custodian Industry news outlet TheBlock reported on Dec. 4 that DXM plans to launch the custodian under the name Upbit Safe and that Ledger Vault, Ledger’s custody arm, will support the initiative with its technology. Upbit safe will reportedly…

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Crypto Loans See Solid Growth, Platforms Attract Community Interest

The crypto loans industry is a relatively new sector, and yet many platforms have already established themselves. It may seem surprising, but platforms designed for loans and lending through the use of cryptocurrencies are a relatively new development for the crypto industry. Each platform adheres to its own strategy, but the idea shared by all is that users put their cryptocurrency into an automated smart contract as collateral for a loan.  The contract tracks accrued interest and credit payments and also prevents anyone from interfering in this process. Unlike traditional…

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Onecoin Websites Suspended as the $4 Billion Ponzi Crumbles

The MLM monitoring publication behindmlm.com revealed on Dec. 1 that the infamous Ponzi scheme Onecoin’s website onecoin.eu has gone offline. According to the domain host Eurid, the onecoin.eu domain name is currently “under legal investigation.” Onecoin’s website going offline follows the recent arrest of the operation’s cofounder Konstantin Ignatov. Also read: Part Deux! Onecoin Buyer Beware: The Definitive Ponzi Exposé Onecoin Operations Come to a Halt For five years the Onecoin Ponzi, a scam that was promoted as a cryptocurrency, managed to attract more than $4 billion worldwide from investors.…

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This Cryptocurrency Seems Designed For A Post-State Society

“It’s obvious that nation-states can’t handle all our identities for all our lives.” Upstart crypto company Saga wants to issue a new global currency on the blockchain. Just don’t call it a stablecoin. Saga’s SGA digital currency relies on an international reserve asset called Special Drawing Rights (SDR), which was introduced by the International Monetary Fund in 1969. This is a conventional basket of major world currencies — the US dollar, the euro, the British pound sterling, the Japanese yen, and the Chinese renminbi — that central banks around the…

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Tim Draper Calls For Ross Ulbricht’s Release: ‘We Need Entrepreneurs Like That Guy!’

It’s not everyday a billionaire calls for the release of a criminal. Tim Draper’s doing it twice. One of the most successful investors in the world is calling for the release of convicted criminal Ross Ulbricht. Following up on a September 21 tweet by Tim Draper that was completely sympathetic to the imprisoned Silk Road creator, Fred Schebesta of the Crypto Finder video podcast took a moment to ask the billionaire his latest feelings on the matter. Draper gave an effusive response: Free Ross, baby! Get him out. We need…

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Video: Justin S. Wales on How the First Amendment Protects Bitcoin

In a tweet he posted on November 25, 2019, Carlton Fields Senior Counsel Justin S. Wales announced the publication of a unique research paper which linked bitcoin transactions with free speech and the First Amendment of the U.S. Constitution. The paper, which was co-authored with veteran First Amendment lawyer Richard J. Ovelmen, is part of Volume 74 of University of Miami Law Review. It’s called “Bitcoin is Speech: Notes Toward Developing the Conceptual Contours of Its Protection Under the First Amendment.” “I wrote this article alongside my colleague Richard J.…

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The Fed’s Money Creation System Is Fueling One of the Biggest Heists in History

Since mid-September, the Federal Reserve has injected three trillion U.S. dollars into the hands of private banks and Wall Street. Despite the fact that massive amounts of money was created out of thin air, the central bank still believes repurchase agreements (repos) are needed to tame the turbulent economy. Nearly every day the Federal Reserve Bank of New York gives primary lenders billions of dollars. Like clockwork on Tuesday, December 3, the entity introduced another $95.56 billion to private institutions. Also read: Despite St. Louis Branch Warnings, New York Fed…

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AirSwap Offers Up to $20,000 For Its Bug Bounty

Decentralized exchange protocol AirSwap announced that it is running a bug bounty program with rewards up to $20,000 in DAI. Ethereum (ETH) decentralized exchange protocol AirSwap announced that it is running a  bug bounty program with rewards up to 20,000 DAI (worth $20,000). It begins now and continues indefinitely. On Dec. 4, the AirSwap team said that the value of the bug bounty rewards will depend on the severity of the bug found, according to the OWASP risk rating methodology and as judged by the AirSwap team. The AirSwap bug…

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Bitfinex Allows Lightning Network Shopping on Bitrefill with Bitcoin

Cryptocurrency exchange Bitfinex and crypto store Bitrefill have partnered to allow the trading platform’s clients to shop with Bitcoin over Lightning Network. Cryptocurrency exchange Bitfinex and crypto store Bitrefill partnered to allow the trading platform’s clients to shop with Bitcoin (BTC) over the Lightning Network. According to a press release published on Dec. 4, Bitfinex users can instantly pay for a variety of services with Bitcoin that they hold on the exchange as of today. A Lightning B2B settlement system Per the press release, the companies attribute the development to…

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Dash Decides to Update Dash Explorer to Improved Insight API

A marketing manager at decentralized payment solution Dash announced that the Dash Explorer will be updated to Insight on January 7th, 2020. Michael Seitz, marketing manager at decentralized payment solution Dash, announced that the Dash Explorer will be updated to Insight on January 7th, 2020. In a Dec. 4 blog post, Seitz explained that Dash has made the internal decision to update the current explorer.dash.org, which is based on the Abe application programming interface (API). the old API is reportedly “outdated and has limited functionality in comparison to the new…

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