Business

IOTA Urges Trinity Wallet Users to Use Seed Migration Tool

[ad_1] Responsible for one of the top performing cryptocurrencies, IOTA is continuing to release new information in response to a Feb.12 hack on its official wallet. According to a Feb. 19 status update, the IOTA Foundation strongly recommends users of the Trinity Wallet to immediately change their passwords and use the seed migration tool to protect their assets. Trinity users who opened or updated their wallets between December 17th, 2019 and
EXCHANGES

In Response to Bitcoin, Central Bank of Brazil Presents Instant Payment System Pix

[ad_1] Banco Central do Brasil has started testing a new payment network with the promise to offer Brazilians near instant transactions and many new services. Portrayed as a response to Bitcoin, the Pix system will be mandatory for major financial institutions to ensure wide coverage. The project aims to limit the use of paper money and plastic cards to reduce the costs of the national financial system. Also read: Tax
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IOTA Holders Urged To Change Wallet Passwords Now

[ad_1] After releasing an update for their compromised Trinity wallet, the IOTA Foundation is directing users to change their passwords. More steps will soon be announced to ensure funds are secure. MANY IOTA ACCOUNTS MAY BE COMPROMISED Last week the Iota Foundation stopped its network, the Tangle, after hackers stole funds from at least ten high-value accounts. The foundation soon tracked the vulnerability to the desktop version of Trinity.  The
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BCH Funding Debate: Developers Plan to Launch IFP-Free Version of Bitcoin ABC

[ad_1] On February 19, a group of well known software developers announced the launch of a new Bitcoin Cash full node with the Infrastructure Funding Plan (IFP) removed from the codebase. The news was announced on the read.cash platform by the developer Freetrader who told the public that strong demand from businesses, miners, mining pools, and developers invoked the team to create a “minimally-altered client based on Bitcoin ABC.” Also
ALTCOIN

The Latest Cryptography Advances Set to Change Blockchain

[ad_1] Cryptocurrencies could not exist without cryptography. Advances in this field can have far-reaching impacts on blockchain technology and its potential. We will examine the opinions of industry experts on the latest cryptographic advances and their potential for cryptocurrencies.Zero knowledge proofs: more than just privacyDirector of research at blockchain firm Blockstream and mathematician Andrew Poelstra told Cointelegraph that zero-knowledge proof (ZK-Proof) systems are “one of the most exciting areas of
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Upbit Continues to Freeze Crypto Withdrawals For Foreign Users

[ad_1] South Korean crypto exchange, Upbit, started to block withdrawals for its foreign users back in December 2019. Initially it was thought to be in response to the hack that took place, but now it seems it may have something to do with the company’s outstanding tax fine. Was the Upbit hack worse than initially reported? Over 6300 Chinese crypto traders have been prevented from withdrawing their funds held on
BLOCKCHAIN

United Nations Is Among New Entrants in Forbes’ 2nd Blockchain 50 List

[ad_1] Newly released Blockchain 50 list by major finance publication Forbes features some new entrants like major international association, the United Nations.Shortly after including six blockchain-focused firms into its Fintech 50 list last week, Forbes has released another compilation of 50 global enterprises actively embracing blockchain technology.Newcomers include the United Nations, China Construction Bank, Square and othersPublished on Feb. 19, the new Forbes’ Blockchain 50 list is the second release
Business

Users Pay $1M for Digital Land as 2017 ICO Finally Opens Virtual World

[ad_1] Almost three years after its ICO, Decentraland has opened its platform — a virtual world in which participants buy and sell fake land, as well as construct buildings. Over the past ten days, Decentraland gamers have purchased over $1 million worth of digital anchorage on the Ethereum-based virtual reality product, Bloomberg said in a Feb. 20 article. Decentralanders use the project’s native crypto asset, MANA, as payment within the game. Users
Business

Tax and KYC Issues Plague Upbit’s Foreign Withdrawals, Exchange Says

[ad_1] A Jinse report said that many Chinese Upbit users are finding it difficult to withdraw Korean Won ever since December. Upbit has announced to its foreign users the reasons their withdrawals are still restricted on Feb. 19  in an announcement. Upbit said in the announcement that (Know Your Customer) KYC and Korean taxation on cryptocurrency among crypto exchanges are the two main reasons behind the restriction.Long wait for the KYC
Business

Bitcoin Price Fights to Hold $9.5K to Stave Off a Trend Reversal

[ad_1] On Feb. 20 Bitcoin (BTC) price surprisingly dropped 8.85%, a move which caught many investors off guard as up to that moment the digital asset had recovered well from the President’s Day weekend correction and was trading sideways in the $10,200 range. Citing data from CoinMetrics, ARK Invest crypto analyst Yassine Elmandjra tweeted that the $1,000 price drop was the fifth largest USD correction to occur on the hourly