Illegal

Making DeFi mainstream: An interview with FEG token Marketing Manager Chris

Source Node: https://ambcrypto.com/making-defi-mainstream-an-interview-with-fegex-marketing-manager-chris/
Time Stamp: August 30, 2021 12:30 AM - Modified On: August 30, 2021 - Published By:
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Republished By Plato

Although the DeFi space is growing significantly, it still lacks mass adoption. Another issue faced is by novice users in the space who can fall prey to scams and rug pulls easily. FEG Token is built to provide a decentralized transaction network that operates on Ethereum and Binance Smart Chain blockchains. The multi-chain exchange, FEGex, offers decentralization and is driven by its community. In conversation with Chris, the Marketing Manager for FEG Token, we talk about the DeFi space, FEGex’s solution, FEG Token, and much more. 1. According to you,

Cuba agrees to regulate, recognize cryptos citing ‘socio-economic interest’

Source Node: https://ambcrypto.com/cuba-agrees-to-regulate-recognize-cryptos-citing-socio-economic-interest/
Time Stamp: August 27, 2021 7:30 PM - Modified On: August 27, 2021 - Published By:
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Republished By Plato

Two weeks ahead of El Salvador’s official adoption of Bitcoin as legal tender, another Latin American nation has decided to officiate the use of cryptocurrencies. According to recent reports, the Cuban government has said that it wants to “recognize and regulate” the use of digital assets in the nation. A resolution was published in the nation’s Official Gazette today, one which revealed that the Cuban Central Bank will soon be implementing rules for the use of cryptocurrencies. Additionally, it will also be determining the licensing requirements for crypto-service providers within

The A to Z on if and when Bitcoin can flip Apple

Source Node: https://ambcrypto.com/the-a-to-z-on-if-and-when-bitcoin-can-flip-apple/
Time Stamp: August 27, 2021 5:30 PM - Modified On: August 27, 2021 - Published By:
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Republished By Plato

For a long time, Bitcoin has been subjected to a lot of criticism, unnecessary skepticism, and scrutiny. Ranging from its use in illegal transactions to energy concerns and price volatility, the king coin has seen it all over the last decade. However, the crypto’s trajectory from a market cap of $1 million in 2011 to almost $1.1 trillion this year has placed it seventh on the list of the world’s biggest assets. In spite of all the FUDs and criticism, the fact remains that Bitcoin managed to reach $1 trillion

Chinese province to cut off Bitcoin miners from hydropower stations

Source Node: https://cointelegraph.com/news/chinese-province-to-cut-off-bitcoin-miners-from-hydropower-stations
Time Stamp: August 23, 2021 7:44 AM - Modified On: August 23, 2021 - Published By:
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Republished By Plato

Regulators from Yingjiang County in Yunnan, China have issued strict warnings to hydroelectric plants against supplying power to enterprises involved in Bitcoin (BTC) mining. A recent report claimed that the Office of the People’s Government of Yingjiang County issued notice to hydropower plants to strengthen oversight on Bitcoin mining operations. According to the announcement, the power plants have been given until Tuesday, Aug. 24, to delist mining companies from their grid’s “illegal” supply. After the given deadline, the county reportedly plans to “forcibly dismantle” the power supply to Bitcoin mining establishments

Blockchain Analytics Platform Antinalysis Suspends Service

Source Node: https://beincrypto.com/blockchain-analytics-platform-antinalysis-suspends-service/
Time Stamp: August 16, 2021 12:50 PM - Modified On: August 16, 2021 - Published By:
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Republished By Plato

A service created to aid dark web users in uncovering compromised BTC addresses has been shut down after gaining the attention of state regulators. Sponsored Sponsored Antinalysis, a blockchain analytics tool that allows Bitcoin addresses to e checked to criminal activity has suspended operations. According to Elliptic, the tool allows cryptocurrency launderers to see if funds will be tagged as illegal funds by regulated exchanges before making a transaction.  Elliptic provides regulated cryptocurrency exchanges tools to check customers’ deposit links to any illegal or illicit activity they may be connected to.

Biggest DeFi Hack in History | This Week in Crypto – Aug 16, 2021

Source Node: https://99bitcoins.com/bitcoin-news-summary-aug-16-2021/
Time Stamp: August 16, 2021 1:00 AM - Modified On: August 16, 2021 - Published By:
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Republished By Plato

The biggest DeFi hack in history takes an unexpected turn, Venmo introduces crypto cashback and can you guess where the Bitcoin Family hides their BTC? These stories and more this week in crypto. The Poly Network was the victim of a cyberattack from which $600 million in digital assets was stolen, making it the biggest DeFi hack in history. Poly Network called on crypto exchanges to blacklist any tokens coming from the hacker’s addresses, but in a strange turn of events, the hacker has since returned the stolen funds, claiming

Malaysia Launches Enforcement Action Against ‘Illegally Operating’ Binance

Source Node: https://decrypt.co/77233/malaysia-regulator-takes-enforcement-action-against-binance-for-illegal-operations
Time Stamp: July 30, 2021 6:59 AM - Modified On: July 30, 2021 - Published By:
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Republished By Plato

In brief Malaysia's financial services regulator has taken enforcement action against Binance. The Securities Commission has said Binance is still operating illegally despite being listed on an alert list since July 2020. The Malaysia Securities Commission (SC) has today taken enforcement action against Binance for allegedly operating illegally in the country. The SC claims the crypto exchange is operating illegally as a Digital Asset Exchange, without the requisite registration requirements found in Sections 7(1) and 34(1) of the Capital Markets and Services Act 2007.  “Accordingly, the SC has issued a public

Blockchain-Backed Social Media Brings More Choice for Users

Source Node: https://cointelegraph.com/news/blockchain-backed-social-media-brings-more-choice-for-users
Time Stamp: August 16, 2020 10:00 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

As people continue to rethink topics like technology development, economic measures and freedom of speech because of the COVID-19 pandemic, blockchain has now emerged as a solution for many issues. Iva Wisher, co-founder of Ignite, a decentralized microblogging platform, said blockchain may also be a solution against state-sponsored censorship in today’s pandemic-related new normal. During an interview with Cointelegraph, Wisher clarified that in general, freedom of speech means a “possibility to express any opinion, even an unpopular one, unless this opinion is not a call to violence.”The blockchain technology then could

Title Token for Blockchain Estate Registry, Part 3

Source Node: https://cointelegraph.com/news/title-token-for-blockchain-estate-registry-part-3
Time Stamp: August 8, 2020 6:00 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The advantage of the cross-blockchain protocol for public registries is that it can unite any number of existing ledgers in one ecosystem and does not need to upgrade the protocols of such blockchains. In simple terms, the protocol works as an aggregator of tokens across blockchains. The protocol conceptually comprises two major elements:The format requirements for an entry by knowing the standard of a record, the user’s machine can automatically collect records from various ledgers in one bundle.The hook, which is the algorithm that scans blocks of ledgers and extracts

Bitcoin is not Completely Banned in China: Beijing Arbitration Commission

Source Node: https://cryptopotato.com/bitcoin-is-not-completely-banned-in-china-beijing-arbitration-commission/
Time Stamp: August 1, 2020 11:04 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

China has no reservation against ‘Bitcoin activities as virtual commodities,’ the Beijing Arbitration Commission (BAC) said in a report today. The report also added that the country’s laws and regulations ‘do not prohibit’ private possession and legal circulation of BTC.Bitcoin Is Not A Currency, But A ‘Virtual Commodity’Today local non-profit arbitration organization, the Beijing Arbitration Commission, pointed out in a report that Bitcoin cannot be used as a currency. It is not a legal tender and is not issued by China’s apex monetary authority.Overall, BTC doesn’t share the same legal