Blacklists Aren’t Enough To Stop Crypto Fraud

The security experts at BlockShow Asia 2019 agree: creating a unified blacklist for scammers and fraudsters is not only difficult, but it’s not enough to solve these issues within the crypto space. Cryptocurrency service providers like exchanges already maintain their own separate blacklists. Combining these into one list may...

Central Bank of China Starts Trials to Restrict Large Cash Transactions

The People’s Bank of China (PBOC) announced that it will pilot a restriction on large-scale cash transactions in three different regions across the country, with one expert calling the move paving the way for its upcoming digital Renminbi token (RMB). On Nov. 14, local news outlet Xinhuanet reported that...

Bitcoin Price Slips Below $8,600 While Tezos Jumps 11%

Thursday Nov. 14 — Cryptocurrency markets are largely trading sideways, with Tezos being the only top-20 coin showing notables gains of more than 11%. Cryptocurrency market daily overview. Source: Coin360 Bitcoin (BTC) has been showing little price movement over the last few days and recently sipped below the $8,600 price...

Iranian Grid Explains Electrical Costs Will Fluctuate for Bitcoin Miners

Throughout the course of 2019, Iran’s government and the country’s energy officials have been creating new guidelines for bitcoin miners setting up data facilities in the oil-rich nation. On Wednesday, Mostafa Rajabi, a spokesperson for Iran’s Energy Ministry, described a new price model for mining operations and prices per...

Ingenico Partners with Pundi X to Unlock Android-Based Crypto Payments

French payment firm Ingenico has partnered with Singapore-based crypto startup Pundi X to enable its customers to receive payments in crypto using smartphones.  Pundi X has integrated its point-of-sale payment gateway (XPOS) into Ingenico’s mobile portable POS solution APOS A8, the firm announced on Nov. 12. Through this partnership,...

BRICS Nations Discuss Creation of New Crypto For Unified Payment System

According to one official in attendance, members of international association BRICS discussed the creation of a new cryptocurrency at a recent summit. On Nov. 14, Russian financial news outlet RBC reported that the director-general of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev said that the BRICS Business Council...

Instant Crypto Exchange Changelly Secures Access to SLP Tokens

Instant cryptocurrency exchange Changelly will start to use digital asset rates from Bitcoin.com’s trading platform. This will ensure better prices for Changelly users and help increase the reach of all SLP tokens that are exclusively listed on Bitcoin.com Exchange. Also Read: Universal Protocol Alliance to List Mega-Utility Token on...

Two US Men Arrested For Stealing Social Media Accounts and Crypto via SIM Swapping

The United States Department of Justice has arrested and charged two Massachusetts men for allegedly taking over victims’ social media accounts and stealing cryptocurrency. According to the announcement on Nov. 14, the two — Eric Meiggs and Declan Harrington — were charged with one count of conspiracy, eight counts...

Blockchain.com Loan Desk On Track to Lend Over $120 Million In November

United Kingdom-based cryptocurrency data and wallet provider Blockchain.com is reportedly on track to lend out more than $120 million this month. On Nov. 14, the Block reported that Blockchain.com has been quietly building its loan desk to be competitive with firms like Genesis Global Trading and BlockFi. CEO of...

Andreessen Horowitz Leads $25M Funding Round for Crypto Lending Startup

Venture capital firm Andreessen Horowitz has led a $25 million funding round for crypto lending startup Compound. On Nov. 14, Fortune reported that Compound, a decentralized finance (DeFi) lending protocol, secured $25 million in an investment round led by Andreessen Horowitz’s a16z, with participation from other top investors including...