India cracks down on darknet drug deals using crypto tracking
India’s NCB forms a special task force and initiates digital forensics training to tackle the growing misuse of cryptocurrencies in drug trafficking.
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Tiny 500Gh home Bitcoin mining device produced a block, earning over $200K BTC
The device, called a ‘Bitaxe,’ successfully mined a block even though its chances were only 1 out of 1 billion every ten minutes.
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Former White House official will lead Ripple’s policy and government arm
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The ethics of the metaverse: Privacy, ownership and control
As the metaverse continues to grow and evolve, it is essential that we consider and address the ethical questions and challenges it raises. 132 Total views 2 Total shares Own this piece of history Collect this article as an NFTThe metaverse, a virtual environment that simulates reality, offers complex moral dilemmas regarding privacy, ownership and…
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Washington Utility Stops Accepting Applications for Crypto Mining
A customer-owned utilities company in rural Washington has stopped accepting applications for electricity from crypto mining and similar blockchain operations, the Seattle Times reported July 30. The Franklin Public Utility District commissioners (PUD) have approved a moratorium that will allow time for staff to investigate the impact of cryptocurrency mining on the electrical system before…
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Implementing the double-edged sword of KYC is a must for crypto exchanges
During 2017’s bull market, most crypto services lacked the proper Know Your Customer and Anti-Money Laundering measures. Even in 2020, 56% of the analyzed 800 cryptocurrency exchanges and over-the-counter trading desks followed weak KYC practices, according to a CipherTrace report. However, the current digital asset rally has turned the crypto market upside down.As a result,…
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Fish food? Data shows retail investors are buying Bitcoin, whales are selling
Bitcoin (BTC) staged an impressive recovery after dropping to its three-month low of $42,333 on Dec. 4, rising to as high as $51,000 since. The BTC price retracement primarily surfaced due to increased buying activity among addresses that hold less than 1 BTC. In contrast, the Bitcoin wallets with balances between 1,000 BTC and 10,000 BTC…
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Crypto community members will likely be familiar with mantras such as "Don't trust, verify!" or the "law of code." Both refer to the promises of greater transparency and audibility and to a technology that offers to replace fallible, corruptible powerful actors with an actually functional rules-based order, secured through deterministic computation. The desire to dispense with…
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