White House Advisory Says Cryptocurrencies Used for Fentanyl Purchases
The White House issued two advisories on drug purchases in the U.S. Wednesday, using the communications to make specific references to the role of cryptocurrencies in such transactions.
UK Pension and Welfare Agency Examining Blockchain and DLT
The United Kingdom pension and welfare agency has identified blockchain and distributed ledger technology (DLT) as technologies that could disrupt the payments industry.
Standard Chartered Makes Letter of Credit Transaction Using Blockchain
London-based bank and financial services firm Standard Chartered has completed its first cross-border blockchain letter of credit transaction in the oil industry with Thai state-owned oil giant PTT Group.
Amlo goes high-tech to tackle laundering
Pol Maj Gen Preecha Charoensahayanon sees cryptocurrency as a new challenge of the Anti-Money Laundering Office (Amlo) under his leadership.
MIT’s AI Lab Analyzed 200,000 Bitcoin Transactions. Only 2% Were ‘Illicit’
Blockchain analytics firm Elliptic collaborated with researchers from the Massachusetts Institute of Technology (MIT) to publish a public dataset of bitcoin transactions associated with illicit activity.
Brazil Tax Authority Requires Reporting All Bitcoin Transactions Starting Today
Beginning today, Aug. 1, Brazil citizens are obligated to report on their crypto transactions with the country’s tax authority, the Department of Federal Revenue (RFB).
Bitcoin Passes New Milestone as Network Mines 85% of Its Total Supply
Bitcoin (BTC) now has 85% of its supply in circulation as of August 1, leaving just 3.15 million new coins for the next 120 years.
Electrum Wallet Is Adding Support for Bitcoin’s Lightning Network
The popular wallet service Electrum is soon to add support for bitcoin’s lightning network.
Nobel Prize-winning economist Joseph Stiglitz weighs in on Facebook’s Libra
Nobel Prize-winning economist Joseph Stiglitz believes only a fool would trust Facebook with their money.
The volume of bitcoin transactions in the darknet may exceed $ 1 billion in 2019
In the darknet, Bitcoin is increasingly being used as a means of payment, and 2019 could be a record year for total payments in dollars. This writes Bloomberg , citing data from analytical company Chainalysis.
ITI Funds and Bitfury Team Up to Satiate Institutional Appetite for Cryptocurrencies
According to an article published by Institutional Asset Manager, on June 25, 2019, ITI Funds has collaborated with Bitfury Group to implement a process for cryptocurrencies transactions compliant with the KYC and AML procedures applicable to funds and investment management companies. This tool expands further ITI Funds’ crypto services.
Brazil Requires Crypto Exchanges to Report on User Transactions to Authorities
The Department of Federal Revenue of Brazil (RFB) has released new rules requiring that cryptocurrency exchanges inform the regulator about users' transactions in order to identify tax fraud, Cointelegraph Brazil reported on June 19.
Expert: Bitcoin has restarted the financial world
Bitcoin was created in order to solve several financial problems. That’s what a crypto-evangelist and blockchain technology advisor Sergey Sevantsyan said in an interview for LetKnow.News.
Jack Dorsey says now is our chance to build a global currency for the internet
Jack Dorsey is best known for co-founding Twitter, the micro-posting website that now has around 330 million users around the world. In 2009, the computer programmer also co-founded Square, which was originally designed to help small businesses accept credit cards.
100 Bitcoin Users Perform What Might Be Largest ‘CoinJoin’ Transaction Ever
The community behind the privacy-centric bitcoin app Wasabi Wallet recently brought together 100 people to collectively execute a “CoinJoin” transaction on bitcoin in what might be the biggest event of its kind.
Reports Suggest Bots Make A Majority Of The Transaction On DApp
The latest report published by AnChain.AI a blockchain startup, suggest that the majority of blockchain DApps are finding it difficult to strengthen the user base. As per their statistics, almost 75% of transactions on the EOS DApps are automated and are made by bots.
$778 LTC transaction costs user $17,500 in transaction fees
It appears someone sending LTC has made a grave error, by sending LTC with a rather abnormally large transaction fee across the blockchain.
CNBC’s Brian Kelly Explains Why Bitcoin Is Headed for a New All-Time High
On Wednesday (April 10), Brian Kelly, the founder and CEO of crypto hedge fund BKCM LLC, said that solid fundamentals are behind the "resurgence" of interest in Bitcoin (BTC), and explained why he believes that the Bitcoin price is headed for a new all-time high.
“Satoshi's Treasure”: how to earn $1,000,000
Cryptocurrencies are not about only transactions, trading and endless hackings of crypto exchanges. There is a huge community with a great sense of humour and of course money behind the coins. Some participants don’t even mind spending $1 million to arrange a "rat race" and unite like-minded people.
Expert: cryptocurrencies are not suitable for micropayments
Infrastructure of cryptocurrencies was not developed for a large number of micropayments. That’s what Andrei Sobol, a developer of SatoshiFund told LetKnow.News.