Cryptocurrencies Not Currently Viable for Terrorism Financing: Think Tank

Cryptocurrencies are not well-suited for the needs of terrorist groups, United States nonprofit think tank RAND Corporation states in a report published on March 27. The report, dubbed “Terrorist Use of Cryptocurrencies: Technical and Organizational Barriers and Future Threats,” is focused on two main angles — how terrorists use cryptocurrencies in their current state and how could they possibly use them in the future as the industry evolves. The authors believe that cryptocurrencies currently pose no significant threat as a means of terrorism financing. However, if cryptocurrencies started providing anonymity…

Speak Out: Discussing the Top Cryptocurrencies

There are over 2,100 cryptocurrencies available on the market, and none of them ever reached the high level that Bitcoin or Ethereum have established. But does this mean they cannot be replaced in the future? Today we invite you to discuss the biggest and the most promising coins. Reply in the comments below! Source link

You Can Now Donate to the Tor Project in 9 Different Cryptocurrencies

The Tor Project, a digital anonymity-focused nonprofit, is now accepting cryptocurrency donations directly, with donors able to take advantage of nearly 10 different options to send funds. A donations page on Tor’s website with a list of crypto addresses has been available since March 18. Tor fundraising director Sarah Stevenson told CoinDesk that the company had already accepted bitcoin for a number of years. What’s new is that previously, these donations were accepted through BitPay, a company that converts crypto payments to fiat before passing it on to its merchant…

Proof-of-Stake Cryptocurrencies Have $4 Billion in Staked Funds: Diar

An increasing trend in cryptocurrency looks set to continue as major proof-of-stake (PoS) projects launch in 2019, industry newsletter Diar noted in its latest weekly digest on March 18. PoS, an algorithm used in many well-known cryptocurrencies such as Eos (EOS), Dash (DASH) and Tron (TRON), is accounting for a rising amount of value in the ecosystem. This year, half a dozen more PoS projects will launch, Diar notes, on the back of the debut effort from Cosmos (ATOM), a PoS project that raised $17 million in its initial coin…

Major Cryptocurrencies See Slight Gains, Palladium Hits $1,600 for The First Time

Tuesday, March 19 — cryptocurrency markets are mostly trading in the green zone, with Bitcoin (BTC) hovering above the $4,000 mark. Market visualization from Coin360 During the day, BTC has been trading in a narrow corridor between $4,031 and $4,082. At press time, the leading coin is trading at around $4,059, up around 0.62 percent on the day. Today, major cryptocurrency exchange Binance announced that its new service “Binance Lite” will enable the exchange’s Australian customers to purchase Bitcoin with fiat currency from supported newsagents. Bitcoin 7-day price chart. Source:…

Cryptocurrencies Surge 30%-100%. Why Momentum Can Boost Bitcoin Price

Bitcoin has remained relatively stable in the $3,800 to $3,900 range over the past week while crypto assets like Enjin Coin (ENJ), Litecoin (LTC), ICON (ICX), and Kyber Network (KNC) surged by 30 percent to 100 percent. 7-Day Price Chart of Kyber Network (Source: Coinmarketcap.com) Off of the reported partnership between Enjin and Samsung, the price of Kyber Network spiked by 60 percent overnight. In late January, the Enjin team revealed that it integrated Kyber, Changelly, and Bancor to convert 200 tokens from thousands of trading pairs natively on the…

French Financial Regulator Proposes Ban on Anonymous Cryptocurrencies

The head of the Finance Committee of France’s National Assembly, Eric Woerth, is suggesting a ban on anonymous cryptocurrencies, or so-called privacy coins. Woerth expressed his position in a recent report on crypto assets and blockchain technology. In a forward to the report, Woerth considers the introduction of a ban on digital currencies that provide greater anonymity to users, stating: “It would also have been appropriate to propose a ban on the dissemination and trade in [cryptocurrencies built] to ensure complete anonymity by preventing any identification procedure by design. […]…

Ernst & Young Introduces Tax Tool for Reporting Cryptocurrencies

Big Four auditing and professional services firm Ernst & Young EY) has launched a tool for accounting and preparing taxes on cryptocurrency holdings, according to a press release published on Mar. 4. The new tool called EY Crypto-Asset Accounting and Tax (CAAT) is designed to improve accounting and tax calculations for digital currency transactions by both institutional customers that have cryptocurrency on their balance sheets and individuals who trade crypto assets on a smaller scale. The service will be available for those who use EY TaxChat and to EY Private Client…

Major Cryptocurrencies See Green While US Crude Futures Hit New High for 2019

Wednesday, Feb. 20 —  cryptocurrency markets are turning around for the green after trading sideways at the beginning of the day. Almost all top 20 coins are seeing minor gains, according to data from CoinMarketCap. Market visualization from Coin360 Earlier today, Bitcoin (BTC) broke the $4,000 threshold, reaching the $4,010 mark. However, at press time the leading cryptocurrency is trading under $4,000 at around $3,981, having gained just around 1 percent over the last 24 hours. On its weekly chart, BTC saw its lowest price point of around $3,618 on…

Cryptocurrencies May ‘Upend the Digital World,’ Says Institutional Investor Consultancy

Crypto represents a sound investment for institutional investors in the long term, consultancy firm Cambridge Associates has advised, according to a Bloomberg report on Feb. 18. Boston-based Cambridge Associates, which specializes in pension and endowment consultancy, reportedly works with institutions that collectively advise over $300 billion, with $30 million under management. In a research note published today, analysts at the firm reportedly wrote that: “Despite the challenges, we believe that it is worthwhile for investors to begin exploring this area today with an eye toward the long term. Though these…