Seychelles-Based Bitcoin Transfers Continue to Gain Dominance, Analysts Find

Crystal Blockchain reports that crypto transfers in the Republic of Seychelles keep growing as regulatory pressure increases for the G20. A new report released on Tuesday by Crystal Blockchain attempts to categorize cross-border transactions of Bitcoin based on their “country of origin,” which may have important implications for the FATF Travel Rule. The analysts used direct exchange-to-exchange transactions and their country of incorporation to categorize Bitcoin (BTC) transfers by their provenance. Despite the fact that Bitcoin is fundamentally borderless by nature, and that a country of incorporation does not fully…

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Self-Healing Blockchains Are Cure for Sharding’s Scalability Woes

Self-healing blockchains are the only way to create a truly decentralized world within the decade. The world is eagerly waiting for a next-generation, high-performance, permissionless blockchain, and this blockchain should be able to industrially scale all decentralized applications. So far, the crypto community has witnessed: Peer-to-peer blockchain networks that use all the peers to validate transactions and provide computation and storage — or traditional blockchains — such as Bitcoin and Ethereum. P2P blockchain networks that shard transactions, computation and storage — or sharding blockchains — such as Ethereum 2.0 and…

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Two OneCoin Promoters Found Dead in Mexico

Two promoters of $4 billion crypto exit scam OneCoin have been found dead in Mexico. Two promoters of a major cryptocurrency exit scam, OneCoin, have been found dead in Mazatlan, Sinaloa Mexico. Oscar Brito Ibarra and Ignacio Ibarra, two major OneCoin promoters, were apparently kidnapped and killed in Mexico, Cointelegraph en Español reports on July 14. According to the report, the two men were promoting OneCoin as a payment method for a local car firm, the Latin American Automotive Marketing Company, or CLA. The terrifying news was first reported by…

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Gemini Unveils Hardware Key Compatibility on Mobile App

U.S.-based exchange Gemini announced hardware key compatibility on its mobile application, bolstering security capabilities for customers. Gemini revealed hardware security key functionality for its mobile application, giving customers compatibility with devices such as Yubikey for added security.  Thanks to WebAuthn compatibility on Gemini’s app, iOS and Android “Gemini customers can now use USB and near-field communication, or NFC, security keys to securely sign into the Gemini Mobile App,” the exchange said in a July 14 statement provided to Cointelegraph.  The addition bolsters two-factor authentication  Two-factor authentication, or 2FA, allows for…

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PayPal Letter Seems to Confirm Crypto Capability Rumors

Global payments giant PayPal could indeed be developing a crypto-based solution, this document shows. PayPal has confirmed that it is developing capabilities in the cryptocurrency space, according to a letter to the European Commission. Originally submitted on March 20, the document was intended as a response to the European Commission’s public consultation on building an EU framework for markets in crypto-assets, whose feedback period lasted from December 2019 through March 2020.  In the letter, the payments giant admitted to “continuously monitoring and evaluating global developments in the crypto and blockchain/distributed…

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Paxful Reaches the $4.6B Milestone in P2P Bitcoin Trading Volume

Peer-to-peer Bitcoin trading platform Paxful crossed the $4.6 billion trading volume threshold as the company is entering its fifth year. Peer-to-peer Bitcoin (BTC) marketplace Paxful announced on July 14 that its platform has witnessed another surge in trade volume, hitting the $4.6 billion mark and reaching over 4.5 million wallet registrations. Paxful is also forecasting an additional two million users by the end of 2020, as the company is entering its 5th anniversary. Emerging markets play a large role  Ray Youseff, the CEO of Paxful, noted that emerging markets in…

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Chainlink Integrates With Social Network Led by Distributed Computing Pioneer

An alternative social networking platform that aims to give users control over their data is integrating Chainlink data oracles. Revolution Populi, a social network led by David Gelernter, a futurist and a distributed computing pioneer, is integrating Chainlink (LINK) data oracles. Revolution Populi is trying to displace Facebook by creating a social network where users can post and share information about their lives “but advertisers pay them, not Facebook.” The network is just the first of many distributed apps that the company plans to release in the near future. A…

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Shariah Law Opens to Crypto Trading, but Full Adoption Highly Unlikely

The Islamic world seems primed for widespread digital asset adoption, as well-respected scholars claim that crypto trading is fully compatible with Sharia law. Even though in most western countries today, matters related to religion and money have been independent of one another. However, in Islam, especially those following the Shariah code of ethics, the two are intertwined inextricably. Also, in the past, there have been serious efforts to introduce crypto within the world of Shariah-based cooperative finance, such as the Stellar Network and Halal Chain. By and large, this market…

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Bitcoin Mining Difficulty Hits Record High of 17.3 Trillion

Just two months after May’s Bitcoin halving event, both hash rate and difficulty have shrugged off post halving dips to hit new all-time highs. Following last week’s record-high Bitcoin hash rate, the latest difficulty adjustment saw a change of +9.89%, bringing the level to a new all-time high of over 17.3 trillion on July 13. Despite a lack of recent significant Bitcoin (BTC) price action, the fundamentals securing the network are as healthy as they’ve ever been. This is more positive news for investors concerned about a previous drop in…

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US Army Seeks a Cloud-Based Solution to Track Illicit Crypto Activities

The U.S. Army Criminal Investigation Division Command plans to use a web application to track and trace cryptocurrency transitions. The United States Army Criminal Investigation Division Command (USACIDC) is seeking a Software-as-as-Service web application to help them track and trace illicit cryptocurrency transactions. According to a statement of work published on July 10, the USACIDC along with the Major Cybercrime Unit and FBI will use the application to detect activities such as fraud, extortion and money laundering carried out using cryptocurrencies.  The organization is taking bids for developed, tested and…

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