Bitfi Closes Wallet Bounty Program, Removes ‘Unhackable’ From Branding

Cryptocurrency hardware wallet manufacturer Bitfi has officially closed its bounty program, according to an August 30 tweet, in addition to removing the “unhackable” claim from the wallet’s marketing materials. In its statement, the company admitted “vulnerabilities,” and yet avoided speaking about multiple alleged hacks of the device. Bitfi also confessed to hiring a “Security Manager […]

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‘Totalitarian’ – Antonopoulos Slams India’s Identity-Based Digital Currency Plans

Andreas Antonopoulos has labeled plans from India’s central bank to create an identity-based national digital currency as “incredibly dangerous” as details emerge of a fresh crackdown on cash. ‘Democracy Dies’ In comments on Twitter August 30, the well-known cryptocurrency educator said India’s history of limiting cash availability to citizens and forcing through surveillance measures via […]

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As Venezuela Takes Aim at Remittances, Bitcoiners Take Collateral Damage

The Venezuelan government is cracking down on remittance payments with a new banking mandate, one that could put the country’s Bitcoin users on an even tighter leash. In a letter “addressed to all banking institutions,” the government has ordered all domestic banks to disclose the IP addresses, financial details, transaction amounts and locations of all […]

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New Surveys Show Blockchain’s Rising Popularity Among Corporate Executives

A number of surveys have implied blockchain technology is becoming more and more popular within the eyes of global corporate executives. Recent data reveals how issues concerning trust might restrict adoption. As the blockchain industry continues to expand, more and more companies and top executives are coming around to its merits. Bitcoinist recently reported that […]

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Research Firm Satis Group Predicts Bitcoin at $144,000 in 10 Years, Bitcoin Cash at $180

Research firm Satis Group has released a new report making bold price predictions about the current leading cryptocurrencies on the market. It is attempting to create accurate valuations based on real-world data. Individual Crypto Asset Valuations As an emerging, disruptive technology that’s value isn’t yet fully understood or demonstrated, it’s increasingly difficult to give each […]

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Binance Profits Rival Nasdaq But With Only 4% of the Staff

Cryptocurrency exchange Binance continued to wow cryptocurrency commentators as data shows the platform made almost as much profit as Nasdaq in Q1 2018. 8 Months, $200 Million A comparison uploaded to Twitter by Danhua Capital managing Director Dovey Wan August 30 shows that for that period, Binance pulled in $200 million against Nasdaq’s $209 million. […]

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