Localbitcoins Updates ToS: ‘Some Situations May Require ID’

Just recently news.Bitcoin.com reported on traders who exchanged “significant” trade volume using the peer-to-peer platform, Localbitcoins, by receiving warnings to upload their identity before they could proceed trading. Now the Localbitcoins organization has updated its terms of service agreement which comes with a few new guidelines concerning ID verification and data retention. Also read: Markets Update: Cryptocurrencies … Read more

India’s Supreme Court Keeps Ban on Banks’ Crypto Services, For Now

According to a team of Indian lawyers, the Supreme Court of India refused request for a temporary injunction against restrictions imposed on banks regarding cryptocurrency by the country’s central bank. The Reserve Bank of India (RBI) issued a circular essentially banning crypto services, which will remain in place at least until a formal hearing. Also … Read more

Nouriel Roubini Is at It Again, This Time with Ethereum’s Co-Founder

Nouriel ‘Dr. Doom’ Roubini calling cryptocurrency a scam, the mother of all bubbles, and an even bigger bubble than tulip mania (yes, he did) is no longer something new. Roubini has been vocal in his opposition to both Bitcoin, calling it a scam whose intrinsic value is zero; and the blockchain, terming it unnecessary and capable of … Read more

Bitcoin Price Watch: Currency Sinks Even Lower to $8,400

The price of bitcoin has sunk even lower during the past 24 hours. Yesterday’s price stood at $8,600 – a nasty drop from last weekend’s high of $9,800. Many were expecting bitcoin to test the $10,000 mark, which didn’t occur. In fact, last week has been the worst in bitcoin’s history since early April, when … Read more

BCH-Powered Social Media Apps Launch New Features

This week the two popular Bitcoin Cash social media applications, Memo and Blockpress have rolled out a bunch of new features on each platform. Now users on both platforms can upload pictures, video, and even torrent magnets found on the Pirate Bay. Also Read: Trading Cryptocurrencies Like a Boss Takes Time and Research  Memo and Blockpress  … Read more

Research Confirms Cryptojacking Remains Very Popular Among Criminals

It has been a while since cryptojacking made media headlines. This nefarious activity allows criminals to exploit website visitors’ computing resources to mine cryptocurrencies without consent. A new report by Troy Mursch suggests Coinhive’s code is active on close to 400 websites. In most cases, this code was injected by criminals, rather than by the site owners. Cryptojacking … Read more

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