Fed Chairman Shows Support For Private Crypto Transactions

Fed Chairman Jerome Powell testified this morning in front of the House Financial Services Committee, on the state of the U.S. economy and monetary policy. During his testimony, Chairman Powell acknowledged the need for privacy, and private crypto transactions, sparking bullish sentiment on social media. FED says privacy is a must for widespread crypto adoption BREAKING: Fed Chairman Jerome Powell just came out in favor of private transactions for digital currencies. He specifically said “ARead More The post appeared first on Bitcoinist.com.

Zcash Surges as Community Votes to Redistribute Crypto Mining Rewards

Proposals to distribute crypto mining rewards to project development have been coming thick and fast recently. Zcash is the latest community to agree to do this and the privacy token is surging today as a result. Crypto Mining Rewards Redistributed A group that supports the development of Zcash announced that the community has voted to distribute 20% of the ZEC mining rewards back into the development of the project. Electric Coin Company (ECC) recently tweetedRead More The post appeared first on Bitcoinist.com.

Mimblewimble Attacked Using $60 Per Week on AWS

mimblewimble hacked for less than $60 on AWS

Ivan Bogatyy of Dragonfly Research says he was able to use as little as $60 per week on Amazon Web Services (AWS) to expose a critical vulnerability on the Mimblewimble (MW) privacy architecture. This flaw in the MW protocol may dent the network’s aspiration of being a viable alternative to other privacy-focused blockchains like ZCash and Monero. Massive Mimblewimble Flaw Uncovered In a Medium post published on Monday (November 18, 2019), Bogatty revealed that he

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Privacy Coins Must Change to Survive as Delistings Loom

bitcoin privacy coin

Privacy coins are facing a threat over the latest regulatory requirements for transparency. Relatively well-accepted assets like Dash (DASH), Monero (XMR), and ZCash (ZEC) will have to comply with almost impossible demands, reported Bloomberg. Anonymity Gets Discouraged Coins that allow the obscuring of transactions and offer wallets with anonymity features may be the next target of regulators. For DASH, XMR, and ZEC, this may be especially damaging, as the three assets are just picking up

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Crypto Inflation Figures Show Why Bitcoin is King Above Others Like ZEC and XRP

bitcoin crown

The high inflation figures for altcoins like ZCash (ZEC) and XRP are providing yet another basis for the “bitcoin is king” argument. Indiscriminate Dumping Hurting Altcoin Value Tweeting on Friday (September 13, 2019), economic and crypto analyst, Alex Krüger highlighted the relationship between high inflation figures and poor price performance for certain altcoins. Crypto inflation rates, as measured by @viewbasecom. There is a disproportionate percentage of $ZEC and $XRP pouring into the market. No wonder

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Bitcoin Donations Pour In For Julian Assange After Arrest

Figures from across cryptocurrency were lobbying for donations to WikiLeaks founder Julian Assange April 11 as UK police arrested him after Ecuador rescinded his asylum. Ecuador President: Assange ‘Violated’ Terms Assange, who had been resident at the Ecuadorian embassy in London for seven years, suddenly found himself in police custody Thursday morning after the country’s president reversed his claim. The reason, Lenin Moreno claimed, was Assange’s alleged violations of the terms of his shelter, which

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Zcash Discloses Inflation Bug That Could Have Created Infinite Tokens

zcash

Privacy-focussed cryptocurrency, Zcash, has disclosed an inflation bug, discovered 11 months ago, which affected its own and several other privacy-coins. Though the Zcash vulnerability has now been remedied, it took 8 months after discovery, and some coins remain exposed. Zero Knowledge Last March, a Zcash engineer noticed a mistake in a cryptography paper describing certain ‘zero knowledge’ proofs. Zcash (ZEC) and several other coins, use these proofs to enable many of their privacy features. The

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eToro Adds ZCash (ZEC) to Growing List of Altcoin Offerings

Social trading and multi-asset brokerage company eToro has added ZCash (ZEC) to its extensive list of cryptocurrency offerings — bringing the total number of said assets up to 14. Zcash is a privacy-focused cryptocurrency project not dissimilar to Bitcoin (BTC). Both projects share a total fixed supply of 21 million coins. Though transactions on the ZCash blockchain are transparent, the option exists to utilize a form of zero-knowledge proof called zk-SNARKs — the project’s claim

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First Ever Mimblewimble-Based Privacy Coin Beam Goes Live

Beam announced its live mainnet launch just in time for the 10th anniversary of Bitcoin. Based on the Mimblewimble protocol, the brand-new cryptocurrency has a few lofty goals, and among them is to make cryptocurrency transactions “drastically” more confidential. Another noteworthy aspect about the cryptocurrency that could end up rivaling Zcash and Monero is that Beam is the first ever project to implement the ‘Mimblewimble’ protocol. This was a widely applauded blockchain protocol proposed anonymously

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Bitcoin Private (BTCP)…Privately Pre-Mined 2 Million Coins for Its Founders

The creator of altcoin Bitcoin Private (BTCP) was battling accusations his project was a “scam” December 24 after an investigation revealed over 2 million ‘secret’ coins. Coinmetrics: There Are 2.04M ‘Extra’ BTCP BTCP , a so-called “fork merge” of the Bitcoin and ZClassic blockchains, fell 20 percent after research group Coinmetrics published the information Sunday. After analyzing the BTCP blockchain, the company claims, it became apparent an extra 2.04 million coins were mined during its

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Coinbase Slammed For Venezuela ZCash Airdrop Being an ‘Advertising Strategy’

Venezuela Coinbase

US cryptocurrency exchange Coinbase has received intense criticism for giving Venezuelan families a grand total of $1 per day – in altcoin ZCash, which it added to its books days previously. Scroogebase? In a blog post December 11, executives claimed that the initiative dubbed the “12 Days of Coinbase,” was meant to “empower those who don’t have enough.” Coinbase completed a rollout of ZCash to its own traders December 5, the price of which currently

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Trezor Model T Now Supports 10 More Cryptos Including Monero, Ripple

Popular cryptocurrency hardware wallet Trezor has introduced two firmware updates on both of its models – Trezor Model T and Trezor One. The move comes shortly after the wallet enabled its users to exchange directly through its interface. Trezor Model T Supports More Cryptocurrencies According to the official release, the new firmware for Trezor Model T will support a wider range of different cryptocurrencies. These include Monero, Cardano, Stellar, Ripple, Tezos, Decred, Lisk, Zencash, Groestlcoin,

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Expect More Crypto Hedge Funds To Close in 2018… But Not For Why You Think.

Expect More Crypto Hedge Funds To Close in 2018... But Not For Why You Think.

In a recent tweet thread, Anthony “Pomp” Pompliano, co-founder of Multicoin Capital, outlines why many of crypto hedge funds might be closing their doors in 2018. Most people would expect that the bear market and the prices would be the number one reason why most hedge funds are closing up shop. While this is certainly a factor, Pomp believes that it has to do more with the fee structures that the funds set-up in 2017. In

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Cryptocurrency and Blockchain Businesses Aim to Scrape Perfection

Cryptocurrency and Blockchain Businesses Aim to Scrape Perfection

Is it possible to for cryptocurrency and blockchain technologies to close in on perfection? One commentator notes that perfection is “utopic,” and difficult to define in unclear world of crypto and blockchain. The Chief Operating Officer at the Wall Street Blockchain Alliance, Steven Ehrlich, ventured into answering these inevitable questions in an article for Forbes. According to Erlich, in the current state of the industry, not much can be anticipated. The measures they’re most often wrong

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Cryptocurrency and Blockchain Businesses Aim to Scrape Perfection

Cryptocurrency and Blockchain Businesses Aim to Scrape Perfection

Is it possible to for cryptocurrency and blockchain technologies to close in on perfection? One commentator notes that perfection is “utopic,” and difficult to define in unclear world of crypto and blockchain. The Chief Operating Officer at the Wall Street Blockchain Alliance, Steven Ehrlich, ventured into answering these inevitable questions in an article for Forbes. According to Erlich, in the current state of the industry, not much can be anticipated. The measures they’re most often wrong

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Lamassu Unveils New Line of Bitcoin, Cryptocurrency ATMs

On September 24th, Lamassu announced the introduction of their new line of cryptocurrency ATMs to the public. Lamassu calls its new line of ATMs, “Sintra.” The ATMs herald a new line of ATMs as another crucial step in crypto’s march towards widespread consumer use and accessibility.  Growing Industry According to CoinATMrader.com, there are currently roughly 3,750 crypto ATMs installed worldwide. Lamassu has been producing cryptocurrency ATMs since 2013 when they produced their first, which was called

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Kraken Introduces ‘Block Trading’ OTC Option for Trades of $100K or More

Kraken Introduces Block Trading OTC Option for Trades of $100,000 or More

A short post on the Kraken blog announced a major addition to the exchange. Kraken introduced a block trading option for those who are ready to bet $100,000 or more on crypto. Block Trades by Definition Venture capitalists, investment firms, family offices, and high net-worth individual investors are often willing to gamble hundreds of thousands — perhaps millions— on the cryptocurrency market. Yet the current infrastructure doesn’t always allow it. Such high-value investments are called “block trades,”

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US DEA ‘Actually Wants’ Criminals to Keep Using Bitcoin

DEA

A US Drug Enforcement Administration agent has told mainstream press she “wants” criminals to use cryptocurrencies because it makes them easier to track. ‘I Want Them To Keep Using Them’ Speaking to Bloomberg August 7, Lilita Infante, who takes part in the agency’s 10-person Cyber Investigative Task Force, said investigators had “a lot of tools” to monitor criminal activity thanks to Blockchain. “The blockchain actually gives us a lot of tools to be able to

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Comino Brings Plug-and-Play Simplicity to Cryptocurrency Mining [Interview]

As interest in cryptocurrencies continues to grow, so too does interest in cryptocurrency mining. Unfortunately, there can be a significant learning curve involved. Comino aims to change that with their line of completely pre-assembled devices that work with plug-and-play simplicity. Bitcoinist recently sat down with Comino co-founder and CEO Evgeny Vlasov to learn more about these game-changing devices.  Bitcoinist: First and foremost, what sets your miners apart from the competition? EV: First of all, we assemble

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Coinbase ‘Exploring’ New Cryptocurrency Additions, Kraken Trolls as Prices React

Coinbase, the largest US-based digital currency exchange, has officially announced that it is “exploring the addition” of five new cryptocurrencies to its platform. The five cryptocurrencies being considered are Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), and 0x (ZRX).  Remaining Transparent Coinbase’s announcement claims to arrive for both employees and the public at the same time. Notes Coinbase: We are making this announcement internally at Coinbase and to the public at the

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