Asia’s Love Affair With Blockchain Is Blossoming

Far away from western eyes, Asian blockchain projects are thriving. A vibrant ecosystem of public and permissioned chains has sprung to life in Asia, aided by government and big business endorsement of distributed ledger technology (DLT). Many of these chains are virtually unknown outside of the region, yet enjoy high profile partnerships and endorsements in their native territory. Also read: Germans Rush to Buy Gold as Draft Bill Threatens to Restrict Purchases Asian Nations Are Big on Blockchain It’s not just China that’s issued a green light to blockchain, if…

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Mainstream Media’s Hit Piece on Hitmen Fails Miserably

Mainstream media is probably one of the worst mediums for factual information because it’s typically filled with ignorance and propaganda. When it comes to cryptocurrencies, darknet markets, and encryption, conventional news outlets publish hit pieces that are beyond absurd. On December 27, Harper’s Magazine published a feature report called “Click Here to Kill,” which described the author’s perception of alleged “online murder markets.” Ironically, the 7,500-word feature never actually found any real assassins and no one was murdered. Also read: Dark Net Markets Are Booming From Better Quality & Safety…

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Huobi Indonesia Launches Trading Between Indonesian Rupiah and Tether

Cryptocurrency exchange Huobi is launching a local gateway in Indonesia to enable fiat-to-crypto trading between the Indonesian Rupiah and Tether. Cryptocurrency exchange Huobi is launching a fiat gateway in Indonesia to enable fiat-to-crypto trading between the Indonesian Rupiah (IDR) and Tether (USDT). In a Dec. 27 press release, the Huobi Group announced that the launch of the new fiat-currency gateway will make it possible for Indonesian investors to utilize the IDR to trade more than 250 cryptocurrencies available on its Indonesian subsidiary, Huobi Indonesia. Senior director of Huobi Cloud David…

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What’s Next For YouTubers Impacted By Crypto-Related Content Ban?

YouTubers turn to decentralized video platforms as an alternative to YouTube, while lawyers chime in on the matter On Dec. 23, thousands of YouTubers received emails from the video giant notifying them that their crypto-related videos had suddenly been deleted from the platform. The ban, which lasted about four days before YouTube began reinstating videos, impacted YouTubers whose channels reached thousands of subscribers, as well as those with smaller audiences. Unsurprisingly, many of the YouTubers impacted have now turned to decentralized video platforms to share their content. Creating engaging and…

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User Reports Reveal Visa and Mastercard Outages During the Holidays

Having problems with payments around Christmas can be frustrating, especially for those who leave gift buying till the last minute. With calmer markets this holiday season, the crypto ecosystem has been operating relatively smoothly, with few exceptions. The fiat world, however, saw some glitches that affected card payments in particular. Also read: New Ukrainian Law Says ‘Virtual Assets’ Can Be Used for Payments Complaints About Payments and ATM Issues Users of Visa and Mastercard, the world’s leading payment processors, have complained about their cards not working right before Christmas Day.…

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Bitfinex Beefs-up KYC Requirements, Asks Users for Additional Info

Bitfinex steps up KYC requirements, asking verified users for proof of residence, and the source and use of their funds. Cryptocurrency exchange, Bitfinex, has reportedly strengthened its know your customer (KYC) requirements, sending an email to verified users asking for more identifying information. Additional personal data requested According to a Dec. 27 report from the Block, the purpose of the email from Bitfinex was to enhance the exchange’s due-diligence procedures, and bring all of its client accounts “to the same level.” Verified users were apparently asked to share information on…

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Lightning Network Traffic Analysis Raises Questions Over Fees and Privacy

A new research paper provides what is perhaps the most informative series of snapshots simulating Lightning Network traffic over the past year. The paper, titled “A Cryptoeconomic Traffic Analysis of Bitcoin’s Lightning Network,” was written by a trio of Hungarian researchers: Ferenc Béres of the Institute for Computer Science and Control, István A. Seres of Eötvös Loránd University and András A. Benczúr of Széchenyi István University.  Using a Lightning Network traffic simulator created for this research to imitate the network’s flow of transactions, the paper concludes that the current rate…

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As FATF Regulations Galvanize, Crypto Mixing Applications Are Targeted

Since the inception of Bitcoin, governments have tried to keep track of all the transactions taking place on the public blockchain. As the years progressed, authorities have shown a distaste for cryptocurrency mixing applications like Coinjoin. On Dec. 19, a Binance customer couldn’t withdraw his bitcoin because the exchange told him he used the mixing wallet Wasabi. Eventually, the customer got his funds back, but only after promising not to deposit to a tumbling wallet again. Also Read: European Crypto Exchange Bitbay Ends Monero Trading due to Anonymity Features Coin…

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No Bail for Ethereum Researcher Turned North Korea Advisor Following Incriminating Texts

NY courts rejected bail for ETH researcher Virgil Griffith after he allegedly taught crypto to North Koreans and renounced his U.S. status via text. Ethereum Foundation researcher Virgil Griffith has reportedly been denied bail in New York. Currently detained, Griffith is appealing the action.  “Griffith was presented yesterday and ordered detained,” James Margolin, the chief public information officer for the U.S. Attorney’s Office in Southern District of New York, told Cointelegraph in an email on Dec. 27. “He is appealing and there will be [a] hearing before Judge Broderick,” Margolin…

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Chinese Regulators Worry About Crypto Resurgence, Issue New Warning

Chinese securities regulators in Beijing have urged authorities to carry out relevant actions aimed at preventing the usage of cryptocurrencies by the public. China’s securities regulators has urged Beijing authorities to carry out relevant actions aimed at preventing the usage of cryptocurrencies by the public. In a Dec. 27 announcement on the China Securities Regulatory Commission (CSRC) website pointed out the risks of the resurgence of digital currencies, such as the escalation of crypto trading activities, digital currency mortgage provision and introduction of zero-interest loans, as well as serious violations…

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