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“# Trump bans Chinese payment apps, including AliPay and WeChat Pay ” With just two weeks left in office, President Donald Trump has sent out a new executive order targeting Chinese payment apps. The Tuesday order bars United States citizens or people located in the U.S. from using nine Chinese payment apps. It continues the White House’s…
“# With 6 hours left, Treasury logs almost 6000 comments on crypto monitoring proposal ” Despite many objections to the truncated timeframe, public comments are due tonight in response to the U.S. Treasury’s proposal to require businesses like crypto exchanges to know the identities behind wallets with which they transact. As of Sunday night, the…
“# What lies ahead for crypto and blockchain in 2021? Experts answer ” It would be fair to admit that after 2020 and all it has put us through, making any predictions for the upcoming year is most likely to be a game of blindfold. Meanwhile, I am certain that humanity has much to learn…
“# Following delisting, Dash pushes back against ‘privacy coin’ label ” A recent tweet from Dash’s official Twitter account has invited criticism that the cryptocurrency, which once advertised its privacy features, is wilting in the face of possible regulatory scrutiny. On Jan. 1, the US-based Bittrex exchange announced in a tweet that it would be…
“# Congresspeople chastise the Treasury for rushing new crypto monitoring proposal ” Nine congresspeople have signed on to a letter to Treasury Secretary Steven Mnuchin, telling him to hold his horses. The Thursday letter is in response to the Treasury’s recent proposal to make registered crypto businesses hold on to more customer information, especially when transacting with…
“# Users vs. governments: The ‘infinity war’ for blockchain privacy may be over ” The unique power of blockchain and cryptocurrency can also be considered their weakness. Crypto users gain unparalleled privacy for financial transactions through a decentralized transactional system. Governments, however, demand transparency in financial transactions for legal concerns. This creates a paradox. People…
“# Ledger users threaten legal action after hacker dumps personal data ” The hacker that breached hardware wallet provider Ledger’s marketing database earlier this year has released personal data for thousands of users, prompting many to threaten the firm with a class-action lawsuit. According to a tweet from network security firm Hudson Rock’s Alon Gal,…
“# It’s here: Treasury proposes rule to monitor crypto going to self-hosted wallets ” The Treasury has released its long-awaited proposal to restrict money services businesses, including U.S.-registered crypto exchanges, from dealing with self-hosted wallets. In a Friday evening announcement, the Treasury’s Financial Crimes Enforcement Network, or FinCEN, announced proposed rules requiring registered crypto exchanges…
“# Immutable Ethereum privacy protocol proposes governance system ” Tornado.Cash, the Ethereum mixing service that earlier this year implemented completely immutable smart contracts, has proposed a governance system powered by its own TORN tokens. According to a Dec. 18 post, the proposal will put stewardship of the protocol in the hands of its community of…
“# Waves Enterprise partners with Ontology to fix blockchain e-voting ” Waves Enterprise, a major technology company specializing in blockchain-based solutions for businesses and governments, has inked a new partner to streamline its e-voting service. According to a Dec. 16 announcement, Waves Enterprise has signed a memorandum of understanding with blockchain platform Ontology to integrate…