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Currency.com Accused of Exploiting KYC to Withhold Customer Funds


Know Your Customer (KYC) and Know Your Transaction (KYT) are ostensibly deployed by exchanges to combat money laundering. In practice, these provisions are used as an excuse to surveil, cajole, and threaten customers, who risk losing funds if they are unable to meet the impossibly high burden...

How to Recover Your Funds If You Lose Your Bitcoin Wallet


Losing a phone or hardware wallet containing cryptocurrency is inconvenient, but it shouldn’t be fatal. Provided you’ve backed up your private key, recovering your coins is a simple exercise. Should you find yourself in such a predicament, however, there’s a few things you should...

Bitcoin ETFs in Japan: FSA Explains New Rules for Funds Investing in Cryptos


Japan’s top financial regulator, the Financial Services Agency (FSA), has explained to news.Bitcoin.com its recently adopted rules regarding the creation and sale of cryptocurrency exchange-traded funds (ETFs). Meanwhile, Japan now has a crypto index, launched by major Japanese companies....

Some DigixDAO Investors Doubled Their Funds By Killing DAO


The price of the DigixDAO (DGD) token rallied recently as the team is closing their decentralized autonomous organization (DAO) DigixDAO this quarter and promising to buy back DGD at a higher price. Since talks about the dissolution of the DAO started in November, the price more than doubled...

Another Crypto Exchange Discourages the Use of Bitcoin Mixing Services


The cryptocurrency exchange Binance was recently scrutinized for flagging a customer’s funds because the individual had used a bitcoin mixing application. Now the platform Paxos Global is discouraging the use of crypto mixers after a customer allegedly sent coins to a mixing service. Also...

Who Funds Bitcoin Developers?


Many, many developers have contributed to Bitcoin’s growth since its birth in 2009. In other words, Bitcoin is the representation of a long line of programming work. Developers have had to look for bugs, write software updates, and assume the vital task of proposing how Bitcoin might evolve. This...

5 Online Casinos That Accept Bitcoin Cash


Digital cash was the original use case for bitcoin, and it remains the primary one for bitcoin cash (BCH) today. The ability to send funds anywhere in the world quickly and cheaply has made bitcoin cash a popular choice for online casino players. There are scores of gaming sites where you...

Panic Withdrawals at Indian Bank Over Alarming KYC Notice


Hundreds of customers went on a withdrawal spree after an Indian bank announced its revised KYC requirements. The bank’s action followed the decision by the Reserve Bank of India (RBI) to include the National Population Register letter as a valid KYC document for opening bank accounts....

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