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New Evidence Escalates Panic as RBI Still Limits Bank Withdrawals


Customers of a cooperative bank with 137 branches across India still do not know the fate of their money, which was restricted by the central bank. Evidence of alleged bank fraud has since surfaced, but the RBI still insists that India’s banking system is safe, despite many citizens being...

New Bitcoin Payment Solution to Emerge in Germany After BitPay's Exit


A new cryptocurrency payment solution is in the works in Germany after major crypto payment processor BitPay left this market earlier this year. Salamantex, an Austrian payment service provider, and TEN31, a fintech arm of German bank WEG Bank, agreed to cooperate and now aim to start accepting...

Telegram's Blockchain 'Could Open a New Era' + 9 More Crypto News


Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Blockchain News Telegram Open Network (TON), developed my major messaging app Telegram, could open a new era of blockchains capable...

IRS Releases ‘Tax Cheat’ Info Raising Concerns About Crypto Theft


The U.S. Internal Revenue Service (IRS) released a new report and infographic on Thursday illustrating unpaid or underpaid taxes for the years 2011 – 2013. The numbers reflect estimates based on the last such findings, for the years 2008 – 2010. With commissioner Chuck Rettig citing...

Hidden Lightning Network Bug Allowed Spending of ‘Fake’ Bitcoins


A bug discovered in the Lightning Network in June, which allowed lightning bitcoins not backed by actual bitcoins to be spent, has officially been addressed in a new dev full disclosure report released on Friday. The problem has reportedly been remedied, but the security oversight casts doubts...

Traders Bemoan New Localbitcoins Identity Requirements


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...

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