Bitcoin

Cambodia May Issue A National Cryptocurrency

An established technology company is using Blockchain to dismantle Donec ullamcorper nulla non metus auctor fringilla. Cras mattis consectetur purus sit amet fermentum. Curabitur blandit tempus porttitor. Morbi leo risus, porta ac consectetur ac, vestibulum at eros. Nulla vitae elit libero, a pharetra augue. Donec ullamcorper nulla non metus auctor fringilla. Cras mattis consectetur purus … Continue reading Cambodia May Issue A National Cryptocurrency
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An established technology company is using Blockchain to dismantle

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Meanwhile, purchasers looking for precision parts have a greater chance

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Given Adobe After Effects’ impressive tools and functionality, it remains the go-to many industry professionals.

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Bitcoin

QuadrigaCX Users Request Details on How EY Lost 103 Bitcoins

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Users of now-defunct Canadian cryptocurrency exchange QuadrigaCX are requesting further information concerning the recent loss of 103 Bitcoins (BTC) during the funds’ recovery.

An unfortunate loss

As Cointelegraph reported in February, one of the Big Four accounting firms — EY (formerly branded as Ernst & Young) — was appointed by QuadrigaCX as an independent third party to monitor the proceedings in a creditor protection case.

Ey announced at the time that “Quadriga inadvertently transferred 103 Bitcoins valued at approximately $468,675 to Quadriga cold wallets, which the Company is currently unable to access.” Currently, the coins would be worth $1 million.

Industry news outlet Coindesk reported on Aug. 16 that — six months after the accident — the auditor has not yet given any insightful information concerning how the loss occurred. 

According to the article, all the information disclosed came from the report…


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Blockchain

Court Allows Blockchain.com’s Trademark Lawsuit Against Paymium to Proceed

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The New York Federal Court denied the motion to dismiss the ruling in the trademark infringement action by cryptocurrency wallet and exchange operator Blockchain.com against fintech startup Paymium and its CEO Pierre Noizat over the use of domain “blockchain.io”.

According to the court documents published on Aug. 7, the lawsuit, originally filed by Blockchain.com in September 2018, claimed that Paymium and its Blockchain.io platform not only infringed on the trademark, but also were involved in alleged unfair competition and false advertising.

Blockchain versus Blockchain

In February 2019, Paymium moved a motion “to dismiss the amended complaint for failure to state a claim upon which relief can be granted […] and for lack of personal jurisdiction over Pierre Noizat.”

In its turn, Blockchain.com successfully managed to argue that their marks were not inherently descriptive and acquired secondary meaning, and that Blockchain.com and Blockchain.io…


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Blockchain

Bitcoin SV Devs to Offer ‘Office Hours’ for Project Assistance, Consulting

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Bitcoin SV blockchain developer and blockchain organization service Open Directory creator synfonaut has launched a consulting service called Office Hours. This service connects developers in need of assistance with experienced Bitcoin SV devs, for help on Bitcoin SV projects. 

Synfonaut announced the service’s launch in a Twitter post on Aug. 15. As per the platform’s  website, users can reach out to over a dozen professional developers for help on a product or service. This apparently provides a way to chat with a knowledgeable dev, in sessions that typically take an hour.

The website also provides a separate section, with many of the same devs, for those seeking more in-depth consulting. According to the website’s description, this offering is a paid service for ongoing help or for simply hiring a developer to create a project themselves.

More…


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Blockchain

Crypto Lender Nexo Pays Token Holders Over $2.4 Million in Dividends

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Crypto lending firm Nexo has paid its token holders a total of $2,409,574.87 in dividends. Nexo reportedly has reached an annualized dividend yield of 12.73%.

Nexo announced the completion of its dividend payments in a press release on Aug. 16. According to the press release, Nexo has a user base of over 250,000. Moreover, Nexo’s dividend yield is purportedly higher than every dividend-paying stock listed on the S&P 500 market index.

Nexo apparently pays out its total dividend in two parts — 50% comes from the Nexo Base Dividend and the other 50% from the Nexo Loyalty Dividend. Nexo claims that its model is designed to reward long-term investor confidence and decrease market volatility following dividend payouts.

The Nexo MasterCard

As noted in the press release, Nexo unveiled a MasterCard-branded credit card for crypto on Aug. 2. In its announcement, Nexo claimed…


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Blockchain

US Customs and Border to Trial Blockchain Shipping Proof-of-Concept

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A United States Customs and Border Protection (CBP) advisory committee, is planning to launch a live test of its blockchain-based intellectual property rights proof of concept.

The Commercial Customs Operations Advisory Committee (COAC) will run its tests from late August to late September, per a report published on the CBP’s website. The COAC advises the Secretaries of the Department of the Treasury and Department of Homeland Security. 

The announcement specifically comes by way of COAC’s Next Generation Facilitation Subcommittee, an entity comprised of four working groups that aim to improve trade and government within the CBP.

Currently, the subcommittee is involved in three ongoing proof-of-concept projects involving blockchain technology. One of these is called the “Intellectual Property Rights Proof of Concept,” which is an attempt to run shipments via blockchain, relying…


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Ethereum

Biggest Crypto Hedge Funds and What They Tell About the Market

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The total market cap for all cryptocurrencies stands at $293 billion, and while much of this value has been generated by individual traders buying and selling their own private stashes of crypto, it’s also largely the result of big investment funds. These are companies that have crypto assets under management worth as much as $1 billion or upward, with most of them qualifying as the whales the cryptocurrency community often talks about after every market movement.

Yet, aside from simply trading Bitcoin, Ether or many other cryptocurrencies, funds also often invest venture capital (VC) in blockchain — and crypto-related startups. This makes them doubly important for the growth of the cryptocurrency industry, given that they support not only the currencies of the future, but also the platforms and companies that will harness these currencies to build entirely new financial ecosystems.


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Blockchain

FinCEN Director Addresses Casino Compliance With Obligations Regarding Crypto

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Kenneth A. Blanco, the director of the Financial Crimes Enforcement Network (FinCEN), has urged casinos to follow the agency’s guidelines in regards to suspicious convertible virtual currency (CVC) activity.

During his speech at the 12th Annual Las Vegas Anti-Money Laundering Conference on Aug. 13, Blanco addressed casinos’ compliance with the FinCEN’s guidance released in May. In their guidance, the FinCEN considered certain business models involving CVC financial institutions to help them comply with their existing obligations under the Bank Secrecy Act (BSA). The guidance, however, did not establish any new regulatory expectations or requirements.

A gap in reporting

Blanco specified two areas where CVC intersects with casinos and card clubs, which are online CVC casinos as well as physical casinos and card clubs that accept CVC for gaming. Blanco noted that casinos dealing with cryptocurrencies should consider how they will conduct…


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Blockchain

Coinbase Accidentally Saves Unencrypted Passwords of 3,420 Customers

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Major crypto platform Coinbase has emailed 3,420 Coinbase customers to disclose an accident with customer registration. Some registration details were apparently stored in clear text on the logs of Coinbase’s internal server, with affected customers now required to change their passwords.

Coinbase announced the news in an official blog post on Aug. 16. According to the announcement, Coinbase has resolved the root cause of the bug and the platform is confident that stored data was not “improperly accessed, misused, or compromised.” 

Some users’ credentials were saved when a rare signup error occurred. When users encountered this error, Coinbase would deny their registration but still save their credentials, including username, email address, proposed password and state of residence for United States-based users.

Moreover, the announcement specified that the 3,420 individuals then submitted a new registration application, in which they used the same…


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