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China Walks Back Hardline Media Rhetoric Toward Crypto and Blockchain

[ad_1] Earlier this week, a story published by Chinese state-run media outlet Xinhua featured some pro-Bitcoin comments that referred to the flagship digital currency as being the world’s “first successful application of blockchain technology.”This latest endorsement comes against the backdrop of China’s stringent anti-crypto stance, wherein the country’s lawmakers implemented a blanket ban on its local cryptocurrency exchanges as well as initial coin offerings back in 2017.The aforementioned Xinhua article
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BitMEX Email Data Leak Fallout Is Serious, Many Users Already Affected

[ad_1] On the first day of November, it came to light that popular crypto derivatives exchange BitMEX had accidentally leaked sensitive data related to its users, which occurred as a result of the company failing to apply a blind copy protocol to its mass mail servers.The lapse was acknowledged by the firm just a few hours later. BitMEX’s deputy chief operating officer, Vivien Khoo, released a statement saying that BitMEX had
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How Blockchain Disrupts Global Business | Sibos 2019

[ad_1] Blockchain technology is reshaping the face of our global financial system, and it goes far beyond cryptocurrencies alone.Since Bitcoin’s arrival, the conventional finance world has been intrigued by blockchain, Bitcoin’s underlying disruptive technology. Now we are seeing that intrigue being transformed into a full-fledged and active public interest, and the potential onset of popular mass adoption.But why is the white-collar financial world interested in adopting the very technology that
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China Is Pushing Blockchain Adoption, Seizing the Momentum From US

[ad_1] Recently, the National People’s Congress in China cleared a new law that will allow local authorities to start regulating all of the country’s cryptography-related activities starting from Jan. 1, 2020. By creating a new regulatory framework, the Chinese government is looking to establish a uniform standard for mainstream application of cryptographic techniques and the management of passwords and other sensitive data.The initial proposal for the law was published all
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The Curious Case of AT&T, Seth Shapiro’s SIM Card and a Stolen $1.8M

[ad_1] Over the past week, the global crypto community bore witness to a unique case wherein California resident and blockchain entrepreneur Seth Shapiro filed a lawsuit against American telecom giant AT&T — alleging that a couple of the firm’s employees had perpetrated a nefarious SIM-swap scheme that resulted in the former losing $1.8 million in various crypto assets.Shapiro, who is a two-time Emmy Award-winner, as well as an author and
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Regulatory ‘Gray Area’ in China

[ad_1]  Earlier in October 2019, Binance announced a fiat on-ramp for crypto trading via Chinese payment services Alipay and WeChat. This move was part of the exchange giant’s peer-to-peer (P2P) trading rollout for Bitcoin (BTC), Ether (ETH) and Tether (USDT) against the Chinese yuan.The public nature of this announcement did bring questions to the fore regarding the use of payment channels like Alipay and WeChat for crypto trading. Alipay did, in
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Block.One Slapped With $24M Fine — Cost of Doing Business?

[ad_1] On Sept. 30, the United States Securities and Exchange Commission (SEC) announced that it had reached a civil settlement with EOS parent company Block.One following an investigation into violations of the SEC’s security offering regulations. The decision has sparked a new conversation around blockchain, and whether the sector’s apparent flaunting of regulations is brashness or simply the fact that in the worst of cases, the SEC’s teeth aren’t as sharp
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Research Claims EOS Network Can Freeze, Block.one Denies Any Errors

[ad_1] Within the past few weeks, EOS blockchain protocol users have been experiencing periodic problems with network access. A recent article written by pseudonymous smart-contract developer and security engineer Dexaran described the apparent root of the problem: an inexpensive technique that allows hackers to “congest” the network — or put it into a low-efficiency mode — with just a few dollar’s worth of EOS.Seemingly, that exploit allowed a hacker to
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Bitcoin Owners Are Giving Away Altcoins to Support TOR Project

[ad_1] On the lighter side of things in the cryptosphere, some Bitcoin (BTC) owners have been donating altcoins to the TOR Project — a nonprofit organization primarily responsible for running “The Onion Router.”For some Bitcoiners, the trend is a way of killing two birds with one stone — supporting the TOR Project and getting rid of “shitcoins.” As for the latter half of the equation, Bitcoiners appear keen to extend the
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PNC Bank Using Ripple XCurrent — Is Interest in Blockchain Rising?

[ad_1] Stablecoins have a goal of putting an end to the recent volatility of the crypto market — and in doing so, they have opened the door to crypto usage for institutional investors, which has long been considered an important milestone on the road to mainstream adoption. One of the ways that institutional investors are looking to implement crypto solutions is in cross-border payments and remittances. The RippleNet blockchain is one