We analyse 186 sources, 248630 news
Putin Issues Cryptocurrency Regulation Adoption Mandate
HIGHLIGHT

Putin Issues Cryptocurrency Regulation Adoption Mandate

Russian President, Vladimir Putin, ordered the government to ratify and enforce federal laws pertaining to cryptocurrency with 1 July 2019 as the deadline; introduced amendments to AML laws
Crypto Exchanges Update: OKEx Amplifies Leverage and Binance 'DEX' Reduces ‘Issue’ and ‘List’ Fees
HIGHLIGHT

Crypto Exchanges Update: OKEx Amplifies Leverage and Binance 'DEX' Reduces ‘Issue’ and ‘List’ Fees

OKEx implemented adjustments to increase leverage on margin trading to 5x on leading trading pairs in its platform. Binance decreased token fees on its decentralized exchange testnet
Electroneum Introduces a Smartphone that Rewards Users with ETN
HIGHLIGHT

Electroneum Introduces a Smartphone that Rewards Users with ETN

The newly launched M1 is Electroneum’s Android-based smartphone that incentivizes users with Electroneum tokens (ETN). ETN can be used to purchase airtime and data, and also for shopping. An M1 costs $80 and is said to be initially available only in South Africa
Hot

Researcher Breaks Mimblewimble, Deanonymizing 96% of Grin Transactions

The Mimblewimble privacy technology used by cryptocurrencies such as Beam and Grin is broken. That’s the claim of researcher Ivan Bogatyy who has published a report documenting his findings. In it, he reveals how he was able to deanonymize 96% of all Grin transactions just by running a node at a cost of around $60. Bogatyy asserts that the flaw is fatal, effectively breaking Mimblewimble. Also read: IRS Dispels Crypto Tax Confusion Mimblewimble Is ‘Fundamentally Flawed’ “Mimblewimble should no longer be considered a viable alternative to Zcash or Monero when it comes to privacy.” That’s the belief of Ivan Bogatyy after deanonymizing the bulk of all Grin transactions that propagated to his node during a test. A weakness in the Mimblewimble technology, which obfuscates all transactions by default, has long been theorized. Now, Bogatyy professes to have proven this, causing him to recommend that “Mimblewimble should not be relied upon for robust privacy.” Although the attack does not reveal the amounts being sent, it unveils which addresses are sending funds to other addresses, effectively rendering Mimblewimble obsolete, if a patch cannot be found. Moreover, Bogatyy claims had he been running multiple nodes, he would have been able to record an even higher success rate than the 96% he posted. How the Attack Works Cryptocurrencies such as Grin and Beam utilize a number of privacy techniques including Coinjoin, which all transactions are appended to, before being added to a new block, the contents of which cannot be reconstructed at that stage to determine the origin of the inputs and outputs. Bogatyy’s solution is to attack the transactions as they’re broadcast to Coinjoin to be mixed. He explains: Because transactions are continually being created and broadcasted from separate places, if you run a sniffer node that picks up all transactions before cut-through aggregation is finished, it’s trivial to unwind the CoinJoin. Any sniffer node can just observe the network and take note of the original transactions before they get aggregated. Grin’s developers were aware of this attack vector when constructing the cryptocurrency and took measures to thwart it through the use of additional privacy tools including Dandelion. This technology conceals the IP address of transactors and thwarts sniffer nodes that attempt to eavesdrop on network activity. But because Dandelion transactions are automatically aggregated by nodes that receive them, prior to entering Coinjoin, Bogatyy found a way to intercept them at this early stage and link them to their original sender. Through increasing the number of peers his node connects to (the default is eight), the researcher was able to escalate his access, effectively granting him supernode status. This provided unprecedented oversight of Dandelion transactions, and the ability to disaggregate them before they reached Coinjoin. Bogatyy linked 96% of transactions while connected to 200 peers out of a possible 3,000, but points out the ease of connecting to all 3,000 nodes had he spent more on the attack, noting: The same attack works by launching 3000 separate nodes with unique IPs, each only connected to one peer. As long as I’m sniffing all the transaction data and dumping it into a central master database, the attack works just the same. Grin developer David Burkett praised the quality of research in Bogatyy’s report, but added: “none of this is “news”. I’m actually surprised only 96% was traceable. There are a number of ways to help break linkability in Grin, but none are implemented and released yet. As I always say, don’t use Grin if you require privacy – it’s not there yet.” A Sliver of Salvation for Grin Despite making grim reading for Grin and other Mimblewimble coins, Bogatyy’s report does provide a glimmer of light. He is at pains to point out the other qualities that are inherent to Grin, such as its ability to conceal transaction amounts, though this will be of small comfort to users who were relying on Mimblewimble to obfuscate the path of their transactions. The researcher suggests that Mimblewimble could be combined with another privacy protocol that conceals the transaction graph altogether, but that would be a significant undertaking to implement and is not feasible at this time. This suggestion was echoed by Charlie Lee, whose Litecoin project is looking to introduce Mimblewimble through a collaboration with Beam. As Bogatyy concludes, “it’s clear that Mimblewimble on its own is not strong enough to confer robust privacy.” Grin has fallen 10% since the report was published earlier today, and beam 6%. One small crumb of consolation to Grin’s developers is that the exploit could not have been revealed at a better time: the project has just received a 50 BTC donation to fund its development courtesy of an early bitcoin miner. Thanks to this $420,000 war chest, it has the means to fight back in the hope of engineering a solution. Do you think Grin’s developers will be able to find a solution to this problem? Let us know in the comments section below. Images courtesy of Shutterstock and Coincodex. Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see what’s happening in the industry. The post Researcher Breaks Mimblewimble, Deanonymizing 96% of Grin Transactions appeared first on Bitcoin News.
Bitcoin News

Finnish Regulator Gives Approval to LocalBitcoins

The regulatory body for the financial sector in Finland has given the nod of approval to LocalBitcoins. The p2p venture was registered by the Finnish Financial Services Authority (FIN-FSA) as a licensed virtual currency provider. The regulatory body gave the go-ahead to the venture after it had met and fulfilled some of the outlined requirements. The requirements to be met before the approval can be given include the implementation of the various strategies designed to combat money laundering. These are collectively known as the anti-money laundering measures (AML). Another requirement is the implementation of the Know Your Customer (KYC) policies. Then there is the proper protection and security of the assets of the investors and clients. But these are not all. There must also be compliance with LocalBitcoins management and staff with all the obligations of qualifications. Good Vibes Sebastian Sonntag is the chief executive officer of LocalBitcoins and he has stressed an important fact. That is that Finland is trusted worldwide when it comes to controlling and proper monitoring of the financial sector. He also said the new approval is going to open up countless corporate opportunities for the venture. All stakeholders are most likely going to benefit from these opportunities. For LocalBitcoins to secure a license, the venture had to put in place some strategies. These strategies were aimed at controlling capital flows. An example was in the middle of the year when the venture got rid of the option of trading digital currency for cash in person. After deleting that option, it brought about the verification of users. All these were aimed at repositioning the venture properly in preparation for the approval from the regulating agency. Also, these strategies had some other effects. For example, they led to a fall in the volume of transactions by more than a third. But in nations that had problematic currencies like Venezuela or Argentina, the trading volumes with the venture were so high that records were broken. Talk of different strokes for different folks. Big Deal Now that LocalBitcoins has been given the status of a reliable currency provider, it is now going to be seen as more trustworthy to do business with. The good and interesting about this approval is that very few platforms in all of Finland have it. So, it means a lot not just for LocalBitcoins itself but for all its customers and stakeholders. Finland as a nation is pretty strict when it comes to financial regulation. For example, it has banned other digital asset-related ventures from operating outside what has been stipulated as the official guideline. Things are actually looking up very well for LocalBitcoins of late. Now, it is gaining more ground in nations like Colombia, Peru, Venezuela, Argentina and other countries in South America. It is also doing, even more, to ensure that it becomes even more transparent. From November, it commenced the blocking of certain accounts. All these are moves were to ensure it not only gets the approval but maintains the reputation that it has carved for itself in the sector. The post Finnish Regulator Gives Approval to LocalBitcoins appeared first on Cryptovibes.com - Daily Cryptocurrency and FX News.
Cryptovibes
Virginia, USA-Based Pension Funds Invest in Crypto
HIGHLIGHT

Virginia, USA-Based Pension Funds Invest in Crypto

Morgan Creek Digital, a subsidiary of hedge fund Morgan Creek, racks up $40 mln new venture capital funding anchored by two public pension plans and a university endowment fund, a hospital system, a private foundation, and an insurance company, according to one of the firm’s founders Anthony Pompliano
DIGEST

The Perfect Time to 'Be Greedy' and Invest (Investment and Partnership Digest, Dec 20 — 26)

Traditional Investors shift to OTC Bitcoin markets, Pantera Capital raises $115M, Peter Thiel backs a $2.1M seed round for Layer1, Medici Ventures acquires shares of Chainstone Labs, Vostok Project secures $120M, Ubique Networks partners with SLT, INCX launches in partnership with Bittrex, Issuance partners with Prime Trust, Coinbase and TokenSoft partner up, TRON Arcade to work with Gumi Cryptos
DIGEST

What Is the 'Least Speculative Investment' & Who Will Create Standards for the Crypto Industry (Investment and Partnership Digest, Dec 13 — 19)

CONSOB suspends two projects, Kakao invests in Orbs, TokenSoft invests in a SEC-compliant broker-dealer, Weiss Ratings recommends to buy BTC, France wants to invest $569M in blockchain, crypto-focused VCs invest $30M in Good Money, Tim Draper invests $1.25M in OpenNode, Waves partners with TSA, ICON partners with LayerX, BitDeer teams up with BTC.com and AntPool

China Launches Digital Bank Consortium Blockchain Investment Fund

A fintech company in China has launched a global digital bank consortium blockchain investment fund with the aim of creating a leading digital bank. China Turning Digital Cao Tong, Chair of Shenzhen’s Hande Financial Technology Holdings Co., Ltd (HDFH), made the announcement during the second China International Import Expo (CIIE) today in Shanghai, according to a press release. Delivering a key note speech, entitled “Global Investment Opportunities for China’s Digital Banks,” Tong said: Based on the investors’ accumulation of experience in the fintech sector, the fund plans to invest in and create a leading digital bank, through which it will build a global digital bank consortium blockchain. The first step is to invest in and digitally transform a bank. The second step is to build a global digital bank consortium blockchain, with the digitally transformed bank as the main node. Other parties involved in the launch are the Yillion Bank, one of four internet banks in China to receive permission from the government to engage in online credit business, and Zhongguancun Private Equity & Venture Capital Association (ZVCA). Working with domestic and international investors, the fund will be around $1 billion with a six-year investment phase and a two-year exit phase. With fintech and blockchain technology reserves and operational experience, HDFH’s Tong added that: “The fund empowers the targets through investment and fintech transformation, while building an innovative global digital bank consortium blockchain, achieving broader value for the participating digital banks.” Last month, the nation’s president Xi Jinping endorsed the blockchain, calling the country to “seize the opportunity” with embracing the technology. The race to launch the first CBDC Tong’s announcement comes at a time when China’s central bank, the People’s Bank of China (PBoC), has been working on its central bank digital currency (CBDC). In August, it was reported that the bank’s CBDC was “ready” after five years of development. Yet, in September, Yi Gang, governor of the PBoC outlined its plans for its CBDC, adding that despite rumors there was no launch date set for it. Earlier this month, though, founding managing partner of HCM Capital Jack Lee said that he expects China’s currency to launch in the next two to three months. What do you think of Tong’s comments? How do you think this will help China’s blockchain development? Images via Shutterstock The post China Launches Digital Bank Consortium Blockchain Investment Fund appeared first on Bitcoinist.com.
Bitcoinist

The Bitcoin Hedge | An Investment Against The "Everything Bubble"?

#bitcoin #crypto #cryptocurrencies Check out ByBit: https://www.bybit.com/ If you haven't already, visit the link down below to stay up to date on my new startup: https://bankingforthe21stcentury.com What are your thoughts on what we discussed? Will bitcoin prosper as a hedge against traditional markets? Feel free to leave a comment below! Thank you all so much for watching the video. If you enjoyed the video, please consider dropping a like, subscribing, and ringing the bell icon. Email List: https://forms.gle/ADorNSFkkGbggJHY6 Steem User ID: @nicholasmerten https://d.tube/#!/c/nicholasmerten https://3speak.online/user/nicholasme... https://www.bitchute.com/channel/0ww1... ---------------------------------------------------------------------------------------------------------- Want to support the channel? Here are some ways how: ---------------------------------------------------------------------------------------------------------- 👨‍💻 Want to start trading a wide range of crypto? My top choice is Binance. https://goo.gl/DZVYPn 🙋‍♂️ Want to buy crypto? Get $10 of bitcoin w/ your first purchase over $100 https://goo.gl/woCYL6 💹 Interested in signing up for our newsletter? https://tinyurl.com/dashreport-signup 💰 Want to start spending crypto? Use the code RT3BSJ at https://www.spend.com/wallet/ and earn rewards! 💾 Want to secure your crypto? Check out Ledger: https://tinyurl.com/dd-ledger 🏨 Want to save up to 40% on your hotel booking? Try Travala: https://www.travala.com/ref/53EB41 📈 Want to buy stocks commission-free? Try Robinhood: https://tinyurl.com/dd-robinhood 🤝 Want to trade OTC? Caleb & Brown is my personal favorite to get started. https://tinyurl.com/otc-datadash ⚖️ Looking to buy physical gold or silver? I like Gold Silver LLC: https://tinyurl.com/goldsilver-dd 👨‍💻 Want to browse privately and earn money? Check out the Brave Browser: https://tinyurl.com/dd-brave 📝 Looking to file your crypto taxes? Check out TaxBit: https://tinyurl.com/taxes-dd 💹 Interested in price data? Check out CoinMarketCap: https://coinmarketcap.com/ 👥 Check out all of our partners: https://tinyurl.com/dd-partners Donate NANO: xrb_3y7qi1z5kcpgi9cnk4bctus155qntiy1cszfmeh9zg7eqqqjb9imebsqf33t BTC: 14DHXJa9CgeBPf6m7UeMKE9yzAYFKPW2nV ETH: 0xa34d3461ae04953489e9aa464689c022836751d0 Patreon: http://patreon.com/data_dash ---------------------------------------------------------------------------------------------------------- Join our community channels! ---------------------------------------------------------------------------------------------------------- Telegram Alerts | https://t.me/Data_Dash Telegram Discussion | https://t.me/datadash Discord: https://discord.gg/S7MtTcB ---------------------------------------------------------------------------------------------------------- For advertising, consulting, speaking, or other business inquiries ---------------------------------------------------------------------------------------------------------- WARNING: *I WILL NEVER PURSUE PROJECTS THROUGH TELEGRAM OR OTHER SOCIAL MEDIA OUTLETS. CONTACT MY EMAIL LISTED BELOW FIRST AND THEN VERIFY MY IDENTITY THROUGH A VIDEO CALL BEFORE MOVING FORWARD. THERE ARE MANY SCAMMERS IN CRYPTO. EMAIL SPOOFING IS RAMPANT, SO VERIFY MY IDENTITY THROUGH VIDEO* Feel free to reach us at contactdatadash@gmail.com Disclaimer: Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.
DataDash
DIGEST

Completed, Ranked, Ordered (Weekly Digest, Feb 25 — Mar 01)

Ethereum Constantinople: completed, Tesla or BTC, China and Coinbase Pro praising Tron, Russia to finally decide on crypto, successful investment rounds despite the crypto winter, Japanese major securities brokerage to pass a review, Swiss bank to provide crypto-related services, Coinomi's pledges of security
MEW Integrates with Bity for Crypto-to-Fiat without KYC
HIGHLIGHT

MEW Integrates with Bity for Crypto-to-Fiat without KYC

Users of newly redesigned MEW V5 can now swap bitcoin or ethereum to Swiss francs or euro, direct from the wallet, through crypto finance platform Bity. The maximum amount for crypto-to-fiat exchange is 5,000 Swiss francs (CHF), approximately $5,000. Know-your-customer verification is not required
DIGEST

Under Control (Regulatory Digest, Feb 14—20)

Updates on Shift Card, Bank of Lithuania and ETF rules in Indonesia, police to tackle some crimes in Canada India and Turkey, IIT Bombay to join Ripple's UBRI, UAE waste permit portal on blockchain, Germany's interest and Spain's skepticism, Oracle for Czech SDK.finance
ICORating
A Comprehensive List of Dapps Catalogs
OPINION

A Comprehensive List of Dapps Catalogs

Probably, this is the most extensive compilation of all dapps aggregators and targeted lists so far
Typical ICO in Q3: a Lone Closed-source dApp Idea With Unknown Founders
OPINION

Typical ICO in Q3: a Lone Closed-source dApp Idea With Unknown Founders

On November, 16, ICORating has released its Quarterly Report ICO Market Research Q3. Total sum raised by 597 ICOs is $1,819,585,090 in Q3 (in Q2, 827 projects collected $8,359,976,282). Some more prominent facts:
Why Do We Need to Wrap Bitcoin?
OPINION

Why Do We Need to Wrap Bitcoin?

BitGo, Kyber Network, MakerDAO, IDEX and many other crypto companies partnered to create a Bitcoin-backed Ethereum token, Wrapped Bitcoin. This token will represent BTC, 1 token equal to 1 BTC stored in the custody of BitGo. It could be used to trade BTC on DEXes, the whole administration will be via DAO, similar to Maker system
DIGEST

Top ICOs Raising Funds, Week 51 ’18

Total raised funding amount on Week 51 comes to $61M, which is +64.7% in comparison with the previous Week 50 ($21.5M)
DIGEST

Top Upcoming and Active ICO Projects, Week 52 ’18

In the below list you'll find some new ICO projects which have to be paid attention to: Arcana, Dataeum. We have also prepared the list of Top ICOs that are active: Eloncity, Javvy, Envoy
DIGEST

Top ICOs Raising Funds, Week 50 ’18

Total raised funding amount on Week 50 comes to $21.5M, which is -62.2% in comparison with the previous Week 49 ($56.9M)

Chinese state media: over 32,000 companies in China claim to use blockchain, but less than 10% actually do

There are 32,000 alleged blockchain companies in China but only less than 10 percent of them actually possess the technology, said one of China's most high-profile news programs, "Focus Report."  On Monday, "Focus Report" released a full episode on the prevalence of fraud in China’s blockchain and cryptocurrency space. Titled “Blockchain is not an ATM Machine,” the episode delves into how companies misuse the concept of blockchain to "further their money-grabbing schemes." Data by China’s National Internet Emergency Center (CNCERT) reveal that there are over 755 tokens on the market that are not backed by real initiatives or have hit zero after inception. The center has also identified 102 coins that allegedly swindled consumers with Ponzi schemes. Moreover, by November 15th, the number of legal rulings related to blockchain has reached a record high of 566 and many of them involve digital currencies, data from China's Supreme People's Court (SPC) shows.  In October, President Xi Jinping remarked that China should commit to accelerating the development of blockchain technology and prioritize it as a core vehicle for innovative breakthroughs. However, although Xi applauded blockchain technology, China's official position on cryptocurrency remains unclear. In fact, there has been widespread anxiety regarding cryptocurrency Initial Coin Offerings (ICO) ever since the Chinese government cracked down on illegal token issuing and crypto-related financial fraud in September 2017. “We should vigorously push for blockchain technology’s application in trade finance, public services, and other fields, but we shouldn’t allow frauds or the encircling of money in the name of blockchain,” the "Focus Report" episode says. “Relevant departments need to strengthen their regulations in the space and the public need to keep their eyes wide open for fraudulent activities.”
The Block Crypto
ESSENTIAL

An STO Lifecycle: The Complete List of Milestones

How to issue a digital security, what are the steps: a brief outline of the 12 stages that a company will take to launch an STO complying with all the legal issues
OTC & Media Activity
ESSENTIAL

OTC & Media Activity

Finrazor together with ICORating conducted researches and checked the correlation between OTC and mentions of certain words and the originality of the news
ESSENTIAL

Security Token Offerings Could Disrupt Venture-Backed Tech Startups Positively

A handful of methods exist for raising capital, from private offerings to semi-public to a full-blown IPO or ICO. Now STOs are on the rise which might just be what tech startups need to revitalize the market
Why Blockchain Technology Is Here To Stay
ESSENTIAL

Why Blockchain Technology Is Here To Stay

We keep up the tradition of giving the stage to crypto advocates to talk about the cryptoindustry. This time we will review the usefulness of blockchain technology and why it deserves a say in the modern world
ESSENTIAL

Security Token Offering 101

A Security Token Offering (STO) is a form of raising capital for a startup by distributing tokens to investors. While ICOs mainly deal in utility tokens that grant their holders access to services and products associated with respective blockchains and dapps, security tokens can be thought of as digital documents representing the investor’s rights to equity, a revenue share, debt, etc. STOs provide a better investor protection as they need to be compliant with appropriate regulations
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