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In today’s edition of The Daily we feature another recent example of venture capital infusion into the cryptocurrency space as Japan’s SBI invests in the BRD wallet. We also cover a recent security vulnerability that was detected on the P2P exchange Localbitcoins, and a new AML/KYC compliance solution for stablecoins. Also Read: Galaxy Digital Is … Read more
Cryptocurrencies tend to attract a lot of attention from criminals. This is primarily due to their perceived anonymity and privacy aspects. Several blockchain analysis companies specialize in ensuring such criminal activity cannot take place. Chainalysis has now confirmed they are launching a similar service for stablecoins. A remarkable development, although one that also makes a … Read more
The number of unique addresses on the Bitcoin Core (BTC) network is constantly growing but only 37 percent of them are “economically relevant,” according to a recent study by Chainalysis. The vast majority of them – 86 percent – are controlled by service providers and the rest are used by private investors. Another key finding … Read more
On Oct. 17, the world’s largest cryptocurrency exchange by volume, Binance, announced a partnership with blockchain surveillance company Chainalysis. According to the exchange, Chainalysis has implemented a compliance solution that meets regulatory guidelines worldwide. Also read: Bizarro World: Federated Sidechain Technology Promoted Over Nakamoto Consensus Binance Is Using Chainalysis for Compliance According to a press … Read more
In a drastic turn of events, Ethereum, the world’s second largest cryptocurrency by total market capitalization, has seen a drop of more than 11% in its relative value during the past 24-hours. As is clear from the chart below, Ether’s downward slide started yesterday afternoon when within a couple of hours the currency stooped from … Read more
Two research firms released compelling data on the state of Bitcoin Core (BTC). Chainalysis revealed 36% of BTC in circulation is lost, likely lost, or unmined. The percentage of BTC held by speculators is 22%, while investors accounted for a steady 30%. The United States government, and especially its Internal Revenue Service (IRS), reportedly account … Read more
A study has detected stability in the amounts of bitcoin held for both speculation and investment during the last several months through August. Also in The Daily, Opera launches its much-vaunted desktop browser with built-in crypto wallet, a new service offers Venezuelans SMS-controlled platform for cryptocurrency remittances, and website-building platform Wix integrates coin payments for … Read more
Bitcoin will replace cash and card payments in the near future. This is a statement you’ve heard often. From its ease of use to the elimination of third-party payment processors, Bitcoin could be the ultimate payment method for the future. However, according to recent research, the reality on the ground is quite different. The research … Read more
When the indictment of Russian intelligence officers for interfering with the US election broke, the recriminations were swift. Not only had the 12 allegedly hacked the Democratic National Committee, but they’d had the temerity to do so using servers paid with cryptocurrency. When politicians and mainstream media began finger pointing, they had only one culprit … Read more
In today’s edition of Bitcoin in Brief, we cover two decentralized exchanges – an Irish team that’s launching its Local Token Exchange and the already operating Bancor that has reported a security breach and admitted the loss of $12.5 million worth of coins. Also, hackers in China have mined cryptos worth $2 million using malware … Read more