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Meet Smartwords – Distributed Backup for Cryptocurrency Keys

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On the first day of the three-day event Satoshi’s Vision Conference in Tokyo the creator of a project called Safewords presented a new solution to safeguard cryptocurrency ”passwords”. Smartwords is a 2-out-of-3 distributed backup kit for your mnemonic seed words.  Also read: Zhao Dong Recounts How He Lost 9,000 BTC Safewords – a 2/3 Distributed Backup … Read more

Bitcoin Adoption Grows in Ugandan Capital City of Kampala

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Abc News has published a report detailing the rising popularity of bitcoin among the citizenry of the Ugandan capital city of Kampala. The report describes many Ugandan bitcoin adopters as professionals seeking a supplementary income, in addition to jobless millennials seeking a means to escape a life of minimal economic opportunity. Also Read: Study: 70% of Crypto … Read more

Rubles Can Buy You Petro Maduro Says While Denominating Venezuela’s Currency

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El Petro, the Venezuelan cryptocurrency, can now be purchased with Russian rubles, among other fiat currencies, President Nicolás Maduro announced. Companies from many countries, including the United States, want to buy the oil-backed crypto, he added. Venezuela’s head of state also said he decided to denominate the national currency, the bolivar.  Also read: Venezuela Recruiting … Read more

Twitter CEO Jack Dorsey Hails Bitcoin as the Future of Global Finance

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Jack Dorsey, the brains behind Twitter and Square, has once again expressed his support for cryptocurrencies. In his most recent interview, Dorsey predicted that Bitcoin will be the only currency used for internet transactions in the coming 5-10 years. Speaking with British publication The Times, Dorsey said that even with the value slump that Bitcoin … Read more

Payza Faces Major Money Laundering Charges in the US

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Most people are familiar with the company Payza. This particular service provider integrated cryptocurrency payments quite some time ago. It now seems the US government has taken a rather harsh course of action against Payza. The company faces charges of running an unlicensed money services business. US Government Cracks Down on Payza Any company dealing … Read more

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