Transactions

Decentralized Crypto Exchange Disables Trading Due to ‘Critical Security Vulnerability’

Source Node: https://cointelegraph.com/news/decentralized-crypto-exchange-disables-trading-due-to-critical-security-vulnerability
Time Stamp: April 8, 2020 5:04 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

The developers behind the peer-to-peer cryptocurrency trading platform Bisq have temporarily disabled services after discovering a critical security vulnerability.Formerly known as Bitsquare, Bisq is a decentralized exchange (DEX) that facilitates crypto-to-fiat trades without a formal intermediary. In a community announcement posted on April 8, the developers said that they were investigating the security issue, telling users:“If you have any active trades right now, please DO NOT send any funds.”The devs add that it is “especially important” for users not to send any funds if they are involved with any of

Investor Sues Crypto Mining Firm Riot Blockchain to Pay $728K in Legal Fees

Source Node: https://cointelegraph.com/news/investor-sues-crypto-mining-firm-riot-blockchain-to-pay-728k-in-legal-fees
Time Stamp: April 7, 2020 1:45 PM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

An investor sued Nasdaq-listed cryptocurrency mining firm Riot Blockchain for $728,200 that the investor owes in another contract breach lawsuit.According to court documents filed on April 3, the aforementioned sum is the money Riot Blockchain investor Barry Honig and consulting firm GRQ Consultants spent on the legal proceedings over the contracts between the parties. The filing reads:“All of the agreements contain robust indemnification provisions which require Defendant to defend and indemnify Mr. Honig and GRQ against any subsequent lawsuits or claims ‘with respect to any of the’ securities purchases that

Crypto Payment Network Partners With ID Screening Service

Source Node: https://cointelegraph.com/news/crypto-payment-network-partners-with-id-screening-service
Time Stamp: April 7, 2020 12:47 PM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

Cryptocurrency network TemTum is partnering with identity verification service Shufti Pro to provide Anti-Money Laundering (AML) and Know Your Customer (KYC) screening services for its customers.As part of the partnership announced on April 7, Shufti Pro will verify TemTum clients'  KYC data including date of birth, addresses, names, document numbers, document issue dates and expiration dates.EU’s 5th Anti-Money Laundering Initiative ComplianceThe partnership follows the adoption of the European Union's Fifth Anti-Money Laundering Initiative (5AMLD), which introduces new and, in some cases, tightened KYC measures on financial platforms — including cryptocurrency

P2P Protocol Aims to Simplify Crypto Wallet Transactions With Domain Names

Source Node: https://cointelegraph.com/news/p2p-protocol-aims-to-simplify-crypto-wallet-transactions-with-domain-names
Time Stamp: April 7, 2020 10:58 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

A new protocol is hoping to make peer-to-peer transactions between various wallets and cryptocurrencies simpler for users.FIO Protocol, which launched its mainnet chain on March 26, provides users with interoperable domain names instead of alphanumeric blockchain addresses.An acronym for the “Foundation For Interwallet Operability,” the FIO protocol is live on Trust Wallet and is in the process of integrating with several popular wallet providers — including Bitcoin.com, Edge, Enjin, Coinomi and Atomic.Rather than integrating directly with blockchains, the project offers a decentralized and open-source “usability layer” that integrates with services

NFT Floodgates Open With Impressive Lineup of Blockchain Games in 2020

Source Node: https://cointelegraph.com/news/nft-floodgates-open-with-impressive-lineup-of-blockchain-games-in-2020
Time Stamp: April 7, 2020 10:50 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

Blockchain in the gaming industry is one of the space’s hot topics of 2019. This year is catching the interest of both young independent developers and large corporations. Conferences and hackathons are periodically held around the world for developers to search for new ideas for integrating blockchain into games.The main advantages of blockchain are its decentralization and open-source nature, which can significantly change the gaming market. The technology is taking trust between developers and players to a new level, and users can now own and freely exchange in-game assets without

P2P Exchange Paxful Now Offers Gold Transactions

Source Node: https://insidebitcoins.com/news/p2p-exchange-paxful-now-offers-gold-transactions/256776
Time Stamp: April 7, 2020 10:21 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

Paxful, a peer-to-peer Bitcoin trading exchange, has added an option for users to now make transfers in gold.According to a post from CoinDesk, much like trading Bitcoin, users can decide when and where the trade is meant to happen. From there, funds will be sent into escrow until the trade is confirmed, and Paxful will release the funds. However, it’s worth noting that confirmation must happen within 21 days or the trade will fall through.Speaking a little on the matter was Ray Youssef, the CEO of Paxful. He said to

Japanese Tax System Not Equipped to Handle Cryptocurrencies

Source Node: https://insidebitcoins.com/news/japanese-tax-system-not-equipped-to-handle-cryptocurrencies/256762
Time Stamp: April 7, 2020 9:49 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

Japan is planning to enforce new cryptocurrency regulations in the country in May but its existing tax system may not be properly equipped to handle digital currency transactions. According to a top government official, the system still needs some tweaks before it can manage crypto taxes.Japanese taxation regime needs a changeRepresentative Shun Otokita of the Japan Innovation Party held a Q& A session at the Financial Statements Committee on April 6. Therefore, he talked about the value of market research before introducing a separate tax regime for digital currencies. He

Deutsche Bank Places Bitcoin (BTC) at the Center of All Currencies 

Source Node: https://coinfomania.com/deutsche-bank-bitcoin-center-of-all-currencies/?utm_source=rss&utm_medium=rss&utm_campaign=deutsche-bank-bitcoin-center-of-all-currencies
Time Stamp: April 7, 2020 8:44 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

As the world records more than one million confirmed cases of the novel Coronavirus, the German multinational investment bank, Deutsche Bank (DB), sees a strong need for a cashless society during this pandemic time. Current Flaws With Physical Money The use of physical cash potentially poses the risk of spreading the virus, especially dirty banknotes, according to the World Health Organization (WHO). In line with the warning, the central bank of South Korea began quarantining banknotes and even went on to destroy some notes to curb the spread of COVID-19

Secure, Controllable, Decentralized Data Sharing: An Interview With bitYoga CEO Antorweep Chakravorty

Source Node: https://coinfomania.com/interview-with-bityoga-ceo-antorweep-chakravorty/?utm_source=rss&utm_medium=rss&utm_campaign=interview-with-bityoga-ceo-antorweep-chakravorty
Time Stamp: April 7, 2020 7:34 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

Beyond its primary use case of powering cryptocurrencies, there’s no denying the priceless possibilities embedded in the underlying blockchain technology.  Coinfomania recently spoke to bitYoga CEO Antorweep Chakravorty. The Norway-based startup is a member of the EU-H2020 ARTICONF project and is piloting the adoption of blockchain technology for decentralized and secure data file sharing for the next generation of internet applications. He first spoke to us about how bitYoga got started. Antorweep was an associate professor of the University of Stavanger, Norway along with co-founder, Chunming Rong who was also

Investigating Digital Assets in Japan Stymied by Nature of Crypto

Source Node: https://cointelegraph.com/news/investigating-digital-assets-in-japan-stymied-by-nature-of-crypto
Time Stamp: April 6, 2020 10:06 PM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

According to top government officials in Japan, the current national tax system is not yet capable of accepting declarations of digital assets, potentially leading to outflows overseas.In a Q&A session at the Financial Statements Committee on April 6, Representative Shun Otokita of the Japan Innovation Party pointed out the importance of market research for the introduction of separate taxes for crypto currencies.Otokita was concerned with the current high-tax system in Japan. He acknowledged that it would be difficult to quickly change the tax code to apply to digital assets, and