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Bitcoin Mining Operations Offer New Strategies Before Reward Reduction
10.12.2019
As the reward halving approaches, bitcoin miners are preparing new strategies so customers can reap the most profits from their hashrate services. On December 3, the mining operation Poolin introduced a hashrate auto-switch feature so clients can automatically switch between BTC and BCH mining....
Circle Warns Poloniex US Customer Assets May Be Sent to the Government
5.12.2019
As part of its release of the cryptocurrency exchange Poloniex, Circle may begin charging fees to Poloniex US customers. And the company warns that any unclaimed digital assets, those in dormant accounts, may be sent to state governments, consistent with relevant regulations for abandoned property....
Coinbase Patents AI Compliance System to Monitor and Flag Accounts
29.11.2019
Popular U.S. cryptocurrency exchange Coinbase received a patent November 19, for an AI-driven compliance system which would monitor customer accounts, flagging those deemed non-compliant and recategorizing them for corrective action. Described as a “compliance determination and enforcement...
US Judge Denies Customer’s Plea to Quash IRS Bitstamp Inquiry
28.11.2019
A Washington Western District Court judge has rejected petitioner William Zietzke’s appeal to stop the U.S. Internal Revenue Service (IRS) from accessing his Bitstamp trade data. An IRS summons invoked Zietzke to file a petition to quash the tax agency’s investigation into his private...
Survey: 58% of German Banks Charge Negative Interest Rates
24.11.2019
Germany’s central bank, the Deutsche Bundesbank, has conducted a survey of banks charging negative interest rates on customer deposits. Some are charging retail customers as well as corporate clients. An independent price comparison portal shows which banks are currently charging for deposits...
The Bank of Google Wants Your Spending Data
16.11.2019
The multinational technology giant Google has plans to get into the banking industry according to multiple reports that reveal the firm intends to work with Stanford Federal Credit Union and Citigroup. However, analysts assert that Google is not jumping into banking for revenue purposes and...
How We Perform Frontend Testing on StackPath’s Customer Portal
15.11.2019
Nice post from Thomas Ladd about how their front-end team does testing. The list feels like a nice place to be:
TypeScript - A language, but you're essentially getting various testing for free (passing the right arguments and types of variables)
Jest - Unit tests. JavaScript functions are doing...
Ripple’s ODL Witnesses Mammoth Growth and Customer Satisfaction
9.11.2019
Ripple, the enterprise blockchain solution launched in 2012, ended its yearly conference ‘Swell’ on November 8, 2019. In the conference, Ripple announced some of their upcoming plans and the market status of their customers. Among them, there were ODL (On-demand-liquidity) customers, including...
Ridiculous Crypto Regulations Are an Enemy of Bitcoin
7.11.2019
One of the biggest privacy issues in today’s society revolves around the use of overreaching know-your-customer (KYC) and anti-money laundering (AML) laws. Despite the fact that many cryptocurrencies were designed to avoid these invasive practices, KYC and AML guidelines bolstered...
UK-Based Electric Bike Company Launches SLP Reward Token
5.11.2019
On November 5, Cryptophyl.com, the SLP-centric trading platform, announced a commercial partnership with the bicycle company Toba Electric Bikes using SLP technology. Toba sells electric bikes for bitcoin cash and the company’s SLP token will be used for customer rewards. Moreover, Cryptophyl...
Huobi Global to Freeze US Customer Accounts by Mid-November
5.11.2019
Huobi Global has announced that it will freeze all U.S. customer accounts on Nov. 13, nudging American users toward its other platform, HBUS
Hackers Take Over BitMEX Twitter, but Customer Funds Reportedly Safe
1.11.2019
Email leak: BitMEX says customer funds safe, as trolls take over company Twitter
Bad for Business: How KYC/AML Makes Everyone a ‘Terrorist’
22.10.2019
Two reports from risk solutions group Lexisnexis assert that anti-money laundering (AML) and know your customer (KYC) policies can negatively affect a business’s bottom line and customer service significantly. A recent trip to the local post office for a money order certainly had a negative...
AT&T Customer Files Case Against the Firm For Causing $1.8 Million Loss
20.10.2019
A complaint has been filed against telecom giant AT&T by a customer accusing the firm of channelizing an employee-aided SIM swap, which has caused the complainant a loss of $1.8 million, including crypto assets theft. The complaint has been filed by Seth Shapiro who is a well-known Californian...
Rare Joint Statement From U.S. Regulators Proves Crypto Centralization Is Here
17.10.2019
The U.S. SEC, Fincen and CFTC issued a rare joint statement Friday addressing regulation of “activities involving digital assets.” Citing crypto’s perceived role in money laundering and terrorism, the regulatory power trio prescribed stricter adherence to anti-money laundering...
Facebook’s Libra Project is “Walled Garden”, Says Ripple’s SVP of Customer Success
30.9.2019
Voicing negative sentiments about the upcoming Facebook’s Libra project, Marcus Treacher, Senior Vice President of Customer Success at Ripple, said, that highly guarded and centralized structure of Libra is not in line with the principles of cryptocurrency. Just so you know, Libra project is backed...
Traders Bemoan New Localbitcoins Identity Requirements
28.9.2019
Recent data shows that countries with corrupt governments have a strong correlation with Localbitcoins trade volumes. However, even though the over-the-counter (OTC) marketplace Localbitcoins has grown massive over the years, traders are complaining about heightened know-your-customer/anti-money...
Panic at 137 Bank Branches as RBI Limits Withdrawals to ₹1,000
25.9.2019
The Reserve Bank of India has imposed regulatory restrictions on a cooperative bank with 137 branches across India, including limiting customer withdrawals to a total of 1,000 rupees (approximately $14) per account for six months. Police personnel had to be deployed to control angry customers...
Binance Ventures into Crypto Lending to Attract Customer Deposits with 15% Annual Interest
27.8.2019
Binance ventures into the lending sector to attract customer deposits The new proposal is named as Binance Lending Beginning from 27th August, the annualized borrow margin loan fee will increase for ETC from 7.3% to 14.6% The world’s biggest cryptocurrency exchange, Binance has launched...
Miller Lite Teams With Blockchain Firm for Customer Engagement Game
22.8.2019
Miller Lite has partnered with a blockchain marketing company for a promotional game that utilizes blockchain and crypto collectibles