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| March 23, 2019

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Tron Partners With Tether to Launch TRC20-Based Stablecoin

March 4, 2019 |

Tron Partners With Tether to Launch a TRC20-Based Version of the USDT Stablecoin

Tether (USDT), the seventh most valuable crypto asset by market cap, has shrugged off attempts by newer stablecoins to usurp it. Now, a new version of tether is coming to the Tron network.

Also Read: Gibraltar Exchange to List Bitcoin Cash Fiat Trading Pairs

Tether to Trade on Tron

Tron is officially partnering with Tether to launch a TRC20-based version of the USDT stablecoin, according to a statement from both ventures. Adding the dollar-pegged coin to its blockchain is meant to elevate Tron’s existing ecosystem of decentralized applications (dapps), improve overall value storage, and increase its decentralized dxchange (DEX) liquidity. It is also said to make the network more accessible to enterprise-level partners and institutional investors. The companies expect to implement USDT on Tron by early Q2 2019.

Tron Partners With Tether to Launch TRC20-Based Stablecoin

“We are pleased to announce this collaboration with the Tron Foundation. This integration underlines our commitment to furthering innovation within the cryptocurrency space as we continue to anticipate the needs and demands of the digital asset community,” commented Jean-Louis van der Velde, chief executive officer of Tether.

Tokens Used for Stablecoins, Games, Torrents

TRC‌20 is a technical standard used for smart contracts on the blockchain for implementing tokens with the Tron Virtual Machine (TVM), similar to Ethereum’s ERC‌20. “Our collaboration with Tether to bring a USDT TRC20 token to Tron will bring incredible stability and confidence to users,” said Justin Sun, founder of Tron and CEO of Bittorrent. “As we perform and execute on our vision, they can easily redeem their tokens for US dollars.”

Tron Partners With Tether to Launch TRC20-Based Stablecoin

In the Daily on Monday we reported that Tron Arcade and Mixmarvel have teamed up to bring the online game Slither.io to the blockchain. Hypersnakes, the blockchain version of the multiplayer worm-like game, allows players to compete and earn TRX without a wallet, making it easier to acquire the cryptocurrency. The Bittorrent token (BTT) is another example of a digital coin based on the Tron protocol.

What do you think about Tron partnering with Tether? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post Tron Partners With Tether to Launch TRC20-Based Stablecoin appeared first on Bitcoin News.

Bitcoin News

Crypto Exchange Circle Partners With Financial Surveillance Provider Nice Actimize

February 27, 2019 |

Crypto Exchange Circle Partners With Financial Surveillance Provider Nice Actimize

On Feb. 27, Boston-based cryptocurrency finance firm Circle announced a partnership with Nice Actimize financial crime detection and prevention technologies unit. Circle follows other large cryptocurrency exchanges that have opted to add a compliance and surveillance solution.

Also read: Bitcoin Whales Have Accumulated Thousands of Coins in the Last 2 Months

Goldman Sachs-Backed Crypto Exchange Partners With Compliance and Surveillance Unit

Circle believes there is a need for regulation in the crypto market ecosystem so the Goldman Sachs-backed firm has decided to partner with a compliance and surveillance entity called Nice Actimize. The financial crime, risk and compliance solutions manager Nice is one of the largest service providers to government regulators and financial institutions. Circle explains in its press release that the company selected the Nice Cloud Markets Surveillance (MS) solution in order to fight against market manipulation. The firm wants its $ 3 billion in monthly trading protected from fraudulent schemes like pump n’ dumps, insider trading, and layering.

Crypto Exchange Circle Partners With Financial Surveillance Provider Nice Actimize

The Nice MS solution claims to give companies the ability to track and detect sophisticated forms of market manipulation, the firm details. According to the company, the tools help alert system managers to “all significant threats to crypto trading.” In addition, the system removes false positives in the market by giving exchanges the capacity to tailor alerts to their clients’ trading activity.

“As a leading crypto finance company, it was important that we work with a leading financial crime solutions provider like Nice Actimize which provides industry-leading solutions for the rapidly changing financial crime, risk and compliance landscape,” explained Robert Bench, Circle’s lead regulatory counsel and chief compliance officer.

Bench continued:

Circle has adopted a strong position on policy and crypto-related regulatory issues that focus on the safety of our customers and investors.

Crypto Exchange Circle Partners With Financial Surveillance Provider Nice Actimize
The Nice Actimize dashboard. “The Blotter presents flags for transactions with specific open alert types, and automatically takes the user to those alerts with just one click, allowing supervisors to electronically review and sign off on the daily trades for their business unit or trading desk, for example,” explains Nice Actimize.

Circle Joins Other Large Crypto Exchanges Adopting Surveillance Solutions

The news from Circle follows the recent and controversial Coinbase acquisition of surveillance company Neutrino revealed on Feb. 19. The Milan, Italy-based startup Neutrino has worked with various cryptocurrency organizations and global law enforcement in the past. However, there have been reports of unethical activity tied to the firm’s executives and many well known crypto luminaries have spoken out against the acquisition. Neutrino’s founders were previously part of a project called Hacking Team which sold spyware tools to government agencies in order to help silence whistleblowers and journalists. Coinbase is aware of the accusation and has responded to various crypto journalists about the situation.

“Coinbase does not condone nor will it defend the actions of Hacking Team,” explained the official email response to reporters asking about the Neutrino acquisition.

Last year, one of the largest cryptocurrency exchanges in the world by trade volume, Binance, also revealed partnerships with two compliance companies. Back in October 2018, the Malta-based exchange announced it was partnering with the blockchain forensic specialists Chainalysis. A month later Binance CFO Wei Zhou also revealed the company was integrating with Know Your Customer (KYC) verification provider Refinitiv.

Crypto Exchange Circle Partners With Financial Surveillance Provider Nice Actimize
A few of the world’s largest exchanges are partnering with compliance and surveillance providers.

Adding Traditional Elements to the Nascent Crypto Market

Circle’s decision to leverage Nice Actimize’s MS solution is based on the company’s experience with providing “proven analytic capabilities.” According to Nice, the company’s MS system utilizes a protocol called Actone, an “AI-enabled financial crime investigation management platform that serves as the next generation alert and case management platform.” Additionally, the partnership with Nice will likely extend to Circle’s subsidiary exchange Poloniex, another leading cryptocurrency trading platform by volume. The head of compliance at Circle says that traditional markets already have a robust anti-manipulation system and market surveillance options and they aim to add similar features to cryptocurrency markets.

“There are a number of market surveillance vendors that address traditional asset classes, but we needed a partner that could adapt their traditional market expertise to the unique elements of the crypto market — Nice Actimize was chosen as the partner which could offer that adaptability,” Bench concluded.

What do you think about Circle partnering with Nice in order to strategically fight market manipulation? What do you think about companies like Coinbase, Circle, and Binance working with third-party compliance and surveillance firms? Let us know what you think about this subject in the comments section below.


Image credits: Shutterstock, Pixabay, Bitcoin.com, Circle, and Nice Actimize.


Need to calculate your bitcoin holdings? Check our tools section.

The post Crypto Exchange Circle Partners With Financial Surveillance Provider Nice Actimize appeared first on Bitcoin News.

Bitcoin News

BCH Publishing App Honest Cash Partners With Patreon Alternative Bitbacker.io

February 7, 2019 |

On Wednesday, Feb. 6, the Honest Cash publishing platform powered by bitcoin cash partnered with the cryptocurrency focused Patreon alternative Bitbacker.io. The new partnership aims to bolster the Honest Cash and Bitbacker user base by providing individuals with the means to crowdfund projects while at the same time being incentivized with BCH for sharing unique content.

Also Read: Many Self-Proclaimed Bitcoin Inventors and Satoshi Clues Were Debunked in 2018

Honest Cash and Bitbacker Team Up

In November, news.Bitcoin.com reported on the launch of a new BCH powered publishing platform called Honest Cash. The platform arrived soon after the Nov. 15 BCH blockchain split and the popular blogging platform moved on to support the altcoin BSV. A month later our newsdesk spoke with the creator of the cryptocurrency-fueled Patreon alternative Bitbacker.io and explained how users can crowdfund projects with BCH and BTC. Adrian Barwicki, CEO of Honest Cash, and Jonathan Silverblood, founder of Bitbacker, explained during the partnership announcement that the ultimate goal is to create a larger audience.

“The relationship provides users of both Honest Cash and Bitbacker a larger audience reach — Both users will now have the potential to earn pledges and secure backing within both platforms,” explained the team’s announcement.

BCH Publishing App Honest Cash Partners With Patreon Alternative Bitbacker.io
Adrian Barwicki, CEO of Honest Cash, and Jonathan Silverblood, founder of Bitbacker, just announced they will be releasing a series of blog posts to inform users about the partnership integrations in the near future.

Crypto Powered Applications See Improvement and Growth

Both platforms have been adding a lot of improvements over the last few weeks. For instance, Honest Cash has seen significant growth as the BCH application has encouraged any kind of content including video, images, art, and prose. Some Honest Cash users have made upwards of $ 1,000 per content piece in bitcoin cash tips. Moreover, the platform recently added a native BCH wallet providing Honest Cash users with the ability to generate a new wallet and import existing BCH keys with custom HD derivation path support.

BCH Publishing App Honest Cash Partners With Patreon Alternative Bitbacker.io
The Honest Cash publishing platform allows people to post all kinds of content like video, blogs, scripts, art, and photos.

Bitbacker.io has seen a lot of growth as well, as many cryptocurrency advocates have switched from Patreon to the alternative application. The platform supports BCH, LTC, Smart, and BTC while providing a variety of the same features the centralized website Patreon supplies. LTC integration was also recently applied to the crowdfunding platform. Jonathan Silverblood spoke with news.Bitcoin.com back in December, when he explained that Bitbacker is able to charge close to 1 percent, while in contrast fiat-based platforms like Patreon and Youtube charge 10-30 percent.

BCH Publishing App Honest Cash Partners With Patreon Alternative Bitbacker.io
Bitbacker.io is a crypto based alternative to Patreon. The platform supports BCH, Smart, LTC, and BTC.

Both Barwicki and Silverblood say they will soon be releasing a series of blog posts to inform users of both platforms detailing exactly what and when integrations will be made. The team says that the partnership is proof that when two innovative communities and developers support each other “incredible things happen.”

What do you think about the partnership between Bitbacker.io and Honest Cash? Let us know what you think about this project in the comments section below.


Image credits: Shutterstock, Bitbacker.io, Pixabay, and Honest Cash. 


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH, and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post BCH Publishing App Honest Cash Partners With Patreon Alternative Bitbacker.io appeared first on Bitcoin News.

Bitcoin News

PR: Bitcoin.com Partners With CryptoTag to Bring Space Grade Security to the Bitcoin.com Store

February 7, 2019 |

Bitcoin.com Partners With CryptoTag to Bring Space Grade Security to the Bitcoin.com Store

This is a press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Your security and legacy is not something to be taken lightly. This is why Bitcoin.com have partnered with the security experts at CRYPTOTAG to bring their cutting edge private key and seed backup solution to the Bitcoin.com Store.

The CRYPTOTAG Starter Kit gives you the tools you need to store your private keys and recovery seed on space-grade titanium. Built to be indestructible.

Here is what the CRYPTOTAG team had to say:

‘’Our solution is an unique patented system that we tested thoroughly. We constructed CRYPTOTAG in such a way that all the components work together guaranteeing the best result for our customers.’’

Bitcoin.com Ecommerce Manager, Blake Moore, shared why he thinks CRYPTOTAG is so important:

“Accidents happen and access combinations are forgotten all of the time. CRYPTOTAG is a must-have product if legacy and security are important to you. They are a great addition to the growing range of products and services we offer.”

CRYPTOTAG is compatible with the Bitcoin.com wallet, Ledger, KeepKey and more.
Available now at the Bitcoin.com Store.

About Bitcoin.com:
Bitcoin.com is supercharged to change the world with BCH. Our suite of developer tools has been downloaded 36,000+ times from over 100 countries.
Our team is the heart and soul of the Bitcoin Cash industry. We’re committed to making BCH available to all people, whatever their age, gender, nationality or financial status.

About CRYPTOTAG.io:
CRYPTOTAG is a Dutch startup from Amsterdam. We want to contribute to a community which we believe in. That is why we have created the only premium backup system in the world made out of space-grade titanium.
We at CRYPTOTAG have one goal: empowering people to be their own bank.

Supporting Link
https://store.bitcoin.com/cryptotag

Contact Email Address
blake@bitcoin.com

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: Bitcoin.com Partners With CryptoTag to Bring Space Grade Security to the Bitcoin.com Store appeared first on Bitcoin News.

Bitcoin News

Swiss Bank Partners With Bitstamp to Enable BTC Funding and Withdrawals

January 26, 2019 |

Swiss Bank Partners With Bitstamp to Enable BTC Funding and Withdrawals

Cryptocurrency exchange Bitstamp has partnered with a Swiss bank to allow the bank’s customers to fund their dollar-denominated accounts with BTC as well as withdraw funds in the cryptocurrency. Deposited coins are converted to USD. Withdrawals are converted to BTC and transferred to the crypto wallets linked to client accounts.

Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations

The Partnership

Swiss Bank Partners With Bitstamp to Enable BTC Funding and WithdrawalsBitstamp announced on Friday that it has “partnered with Dukascopy Bank, one of the leading Swiss online banks, to enable crypto funding on their platform.” The exchange elaborated:

Dukascopy’s clients can now send bitcoins to their accounts and the crypto will be converted to US dollars, which they can use to trade on the Swiss FX Marketplace. Clients can also withdraw funds back to their cryptocurrency wallets in the form of bitcoins.

Swiss Bank Partners With Bitstamp to Enable BTC Funding and WithdrawalsGeneva-based Dukascopy Bank offers currency and precious metal (forex) trading to retail and institutional clients. Its website explains that the funding and withdrawals of BTC are offered through “crypto-fundable trading accounts,” adding that BTC is currently the only cryptocurrency supported.

Swiss Bank Partners With Bitstamp to Enable BTC Funding and Withdrawals

The bank explained that any BTC sent by clients to it will always be converted to USD. Bitstamp is responsible for exchanging fiat funds to BTC and back for the bank. “The proceeds of the BTC/USD conversion are credited in USD to the crypto-fundable client account,” the bank described, adding:

In case of withdrawal, the bank debits an amount of USD from the crypto-fundable client account, converts such amount into BTC at a current rate and transfers the bitcoins to the client wallet linked to his account.

“This partnership represents another step towards our goal of bridging the gap between crypto and traditional finance,” Bitstamp wrote. “It is further proof that our efforts in compliance and regulation continue to deliver results at a time of rapid maturation for the cryptocurrency industry.”

Dukascopy Bank’s Crypto CFD Offerings

This is not Dukascopy Bank’s first foray into the crypto space. It already provides contract for difference (CFD) “trading on price movements of cryptocurrencies, its derivatives or value estimations,” according to its website. Currently, only CFDs on BTC and ETH are available, both with a 33 percent margin requirement and a leverage ratio of 1:3.

Swiss Bank Partners With Bitstamp to Enable BTC Funding and Withdrawals

Dukascopy Bank’s website further details that customers with opened CFD positions do not own the underlying assets and the “price of cryptocurrency CFD varies significantly across different cryptocurrency exchanges.” The bank also noted that its CFD “prices on cryptocurrencies are unique and based on its ability to hedge Dukascopy positions with external counterparties.”

What do you think of the partnership between Dukascopy Bank and Bitstamp? Let us know in the comments section below.


Images courtesy of Shutterstock, Bitstamp, and Dukascopy Bank.


Need to calculate your bitcoin holdings? Check our tools section.

The post Swiss Bank Partners With Bitstamp to Enable BTC Funding and Withdrawals appeared first on Bitcoin News.

Bitcoin News

PR: Bitcoin.com Partners With Anarchapulco

January 23, 2019 |

Bitcoin.com Partners With Anarchapulco

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Acapulco, Mexico – Anarchapulco is excited to announce that Bitcoin.com will be the title sponsor for Anarchapulco 2019, the world’s premiere Liberty event for voluntaryist thinkers and activists held annually in Acapulco, Mexico February 14-17, 2019.

The principle tenant of Anarchapulco is everyone is responsible for themselves and that every relationship is based on voluntary participation rather than through forced servitude or coercion. Anarchapulco 2019 will feature over 150 speakers with keynotes from Dr. Ron Paul, Judge Andrew Napolitano, Doug Casey, David Icke and Cynthia McKinney on topics from financial freedom to physical freedom.

Bitcoin.com is the premier source for everything Bitcoin related; from your personalized wallet to purchasing and selling bitcoin and bitcoin cash to the latest news in the crypto world. Bitcoin.com was started in 2015 by visionary entrepreneur Roger Ver, a fervent believer in the use of decentralized technology (blockchain) to create market-based centralization solutions for a more free world.

Ver has said “For the first time in human history, anyone can send or receive any amount of money with anyone else, anywhere on the planet, conveniently and without restriction. Bitcoin Cash and digital currencies are the best tools the world has ever seen to accomplish a better, more free world. Anarchapulco is where you can experience that free world today.”

For a full list of speakers and activities as well as tickets go to www.Anarchapulco.com

Join the conversation FB/TW/IG/YT @Anarchapulco #Anarchapulco2019 @Bitcoin

ABOUT BITCOIN.COM
Bitcoin.com is your premier source for everything Bitcoin related. We can help you buy bitcoin, choose a bitcoin wallet. You can also read the latest news, or engage with the community on our Bitcoin Forum. Please keep in mind that this is a commercial website that lists wallets, exchanges and other bitcoin related companies.

ABOUT ANARCHAPULCO

ANARCHAPULCO is the world’s premiere Liberty event for Voluntaryist thinkers and activists held annually in Acapulco, Mexico. Started by Jeff Berwick – Activist, and Host & Producer of The Dollar Vigilante and Anarchast, in 2015, the event has grown exponentially to the point where in 2019, Anarchapulco will take over the entire property of the Princess Mundo Imperial featuring non-stop action from the stage to the beach. Topics will range from entrepreneurism, libertarianism and anarcho-capitalism with experiences for all from the family unschooling center to live music and film screenings. For more information visit www.Anarchapulco.com

For interview requests or additional information please contact:
media@anarchapulco.com

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: Bitcoin.com Partners With Anarchapulco appeared first on Bitcoin News.

Bitcoin News

Block Propagation Startup Bloxroute Partners With Mining Operation Rawpool

January 11, 2019 |

Block Propagation Startup Bloxroute Partners With Mining Operation Rawpool

On Thursday, Bloxroute Labs announced a partnership with the China-based mining operation Rawpool Group and global video communication software firm Yeecall. Both Rawpool and Yeecall plan to be the first cryptocurrency businesses to adopt Bloxroute’s product, dubbed the Blockchain Distribution Network version one.

Also Read: Nick Szabo: Central Banks May Turn to Cryptocurrency Reserves Over Gold

Bloxroute Labs Gathers Two Partners 

Block Propagation Startup Bloxroute Partners With Mining Operation RawpoolBloxroute is a company that claims it can provide blockchain networks with better efficiency by propagating blocks in a neutral manner. According to the Bloxroute whitepaper, the Blockchain Distribution Network (BDN) cannot favor specific nodes. Bloxroute claims the BDN deployment will enable participating nodes to maintain consensus by remaining provably neutral even when mining thousands of onchain transactions per second. On Jan. 10, the company announced it has partnered with the Chinese organization Rawpool Group and the developers of Yee Chain in order to begin node deployment in February. According to the announcement, the Bloxroute API will support both Ethereum and Bitcoin gateways.

“Rawpool and Yee Chain will be among the first adopters of the Bloxroute BDN version one available for deployment in Q1 and will participate in the first testing of the Bloxroute BDN scheduled for February,” explained Bloxroute Labs. “This test will be followed by a large-scale test in March that will include many miners and users.”

‘Faster Than Any Other Peer’

Block Propagation Startup Bloxroute Partners With Mining Operation RawpoolWhen version one of the Bloxroute BDN releases, the product will be a fully operational network with 15 nodes across five continents, the startup detailed. Further, the development team hopes to continue scaling and deploy 30-50 nodes by Q3 2019. The company believes the BDN tests in March will attract more mining pools. Bloxroute claims the company’s product is the “only layer zero scalability solution that solves the scalability problem at its core.” The software’s whitepaper asserts that mass use of the BDN network will provide network participants with the ability to propagate blocks and receive transactions “faster than any other peer.” During the announcement on Thursday, the startup explained that the mining operation Rawpool will see similar results.   

“This partnership is not only a large step towards scaling blockchains but also will allow Rawpool to immediately hear about and send blocks faster,” Bloxroute stated.

Bloxroute’s New Partners Are BCH Friendly

Bloxroute’s product will be usable by any single node and does not require majority adoption. The whitepaper claims the protocol that runs underneath the consensus layer could allow for 33 transactions per second (TPS) in contrast to Bitcoin Core’s 3 TPS. The BDN might be best suited for Bitcoin Cash (BCH) miners as Bloxroute does not require any fees or any protocol change except for increasing the block size parameter. Further, last September Rawpool was the largest BCH mining pool, and in an interview at the time, founder and chief executive of Rawpool Group David Li emphasized that he liked testing large blocks. Last year, on Sept. 11, Rawpool also published an objective evaluation of the original topological transaction ordering rule (TTOR) and canonical transaction ordering (CTOR). Yee Chain has also been friendly toward the BCH ecosystem when its Yee Wallet product developers partnered with the Bitcoin Cash Association and airdropped small fractions of BCH to its users.

What do you think about Bloxroute’s partnership with the mining operation Rawpool and Yee Chain? Let us know what you think about this subject in the comments section below.


Images credits: Shutterstock, Bloxroute, Rawpool, and Pixabay.


The Bitcoin universe is vast. So is Bitcoin.com. Check our Wiki, where you can learn everything you were afraid to ask. Or read our news coverage to stay up to date on the latest. Or delve into statistics on our helpful tools page.

The post Block Propagation Startup Bloxroute Partners With Mining Operation Rawpool appeared first on Bitcoin News.

Bitcoin News

Partner’s Greed Blamed for Murder of California Family

January 8, 2019 |

“Greed, and greed’s child, fraud” were behind the brutal murders of a California family in 2010, San Bernardino County Supervising Deputy District Attorney Sean Daugherty said as the trial of Charles Merritt began Monday. Merritt is accused of beating business partner Joseph McStay, 40, his wife Summer, 43, and their…
Newser

The Daily: Kraken Swamped by US Subpoenas, AMD Partners Crypto Studio

January 6, 2019 |

The Daily: Kraken Swamped by US Subpoenas, AMD Partners Crypto Studio

In today’s edition of The Daily, we feature a couple of stories that show how the U.S. is potentially stifling the development of the local cryptocurrency industry by burdening companies with costly compliance. We also cover a partnership between a computer chip manufacturer and a crypto studio.

Also Read: Banking Struggle Drives Bitcoin ATM Manufacturer Lamassu to Switzerland

US Authorities Issue Majority of Subpoenas to Kraken

The popular cryptocurrency exchange Kraken has released statistics about the volumes and global breakdown of its information requests from authorities during 2018. The data shows that the number of subpoenas has almost tripled from just 160 in 2017 to 475. The numbers also highlight how much of a burden complying with American demands actually is.

While the exchange reports that just about 20 percent of its clients come from the U.S., the country represented the absolute majority of requests for information it had to handle from all over the world. Following the United States’ 315 subpoenas in 2018 was the U.K. with just 61. In fact, the FBI alone issued more requests than all U.K. authorities, a total of 67. Homeland Security Investigations (HSI) was even more of a burden on the exchange with 91 information requests.

Jessie Powell, the outspoken CEO of Kraken, commented: “On the one hand, we are happy to assist to the extent legally possible in the capture and prosecution of violent criminals and thieves. On the other hand, nobody likes having a gun to their head, being forced to divert labor from one’s own objectives to somebody else’s.”

The Daily: Kraken Swamped by US Subpoenas, AMD Partners Crypto Studio

“Peek at our Compliance team’s 2018 Transparency Report. You can see why many businesses choose to block US users,” stated the Kraken team. “Cost of handling subpoenas (regardless of licenses) is quickly becoming a barrier to entry.”

“Part of why these are so taxing is that they often require a significant amount of education and back-and-forth. We’ll get requests for ‘all transactions’, which could be petabytes of data when they actually only need the withdrawals from last week for one guy,” they further explained.

Exchange Receives Flak for Kissing Up to Regulators

New York-based trading platform Gemini has launched a controversial marketing campaign across NYC. Ads posted on outdoor billboards, subway stations and taxis by the exchange are proclaiming that “The Revolution Needs Rules” and “Crypto Without Chaos” suggesting that government regulations are good for investors.

These messages that can also be seen as an attack on trading venues that can’t afford to acquire a costly “Bitlicense” have, not surprisingly, caused an uproar by the more libertarian sections of the cryptocurrency community. Some people have taken issue not just with the idea of the campaign but that such ads might encourage regulators to think that the community is actually grateful for their often heavy-handed actions.

The Daily: Kraken Swamped by US Subpoenas, AMD Partners Crypto Studio

“We believe that investors coming into cryptocurrency deserve the exact same protections as investors in more traditional markets, adhering to the same standards, practices, regulations and compliance protocols,” Chris Roan, head of marketing at Gemini reportedly told the WJS.

AMD Partners With Crypto Development Studio

The Daily: Kraken Swamped by US Subpoenas, AMD Partners Crypto StudioConsensys, the crypto software studio that was reported to cut over half of its employees last month, has teamed up with one of the companies that suffered most from the decline in the sale of GPUs to cryptocurrency miners last year – AMD.

The two sides have announced that, in collaboration with Abu Dhabi-based Halo Holdings, they will develop optimized data-center solutions for emerging blockchain workloads through the creation of W3bcloud. The initiative is focused on providing an independent cloud computing blockchain infrastructure and plans to develop optimized solutions powered by AMD hardware.

“Bolstering the compute power of blockchain networks with AMD’s leading-edge technology will be of great benefit to the scalable adoption of emerging decentralized systems around the globe,” said Joe Lubin, founder of Consensys and co-creator of Ethereum. “The combination of hardware and software will power a new infrastructure layer and enable an accelerated proliferation of blockchain technologies.”

What do you think about today’s news tidbits? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post The Daily: Kraken Swamped by US Subpoenas, AMD Partners Crypto Studio appeared first on Bitcoin News.

Bitcoin News

‘Fortnite’ partners with the NFL to bring team jerseys, gliders, more

November 5, 2018 |

“Fortnite” gamers will be able to represent their favorite NFL teams as they face off in online combat.
FOX News