Top-20 Coins Trade Sideways, Bitcoin Trades Around $8,200

After turning green earlier in the day, cryptocurrency markets have been trading sideways, with Bitcoin continuing trading around $8,200. Monday, Oct. 21 —  After turning green earlier in the day, cryptocurrency markets have been trading sideways, with Bitcoin (BTC) continuing to hover around $8,200, according to the data from Coin360. Cryptocurrency market daily overview. Source: Coin360 The leading coin, Bitcoin, is down 0.39% over the past 24 hours and is trading at around $8,186 as of press time. In terms of its monthly performance, BTC is still down almost 19%.…

Read More

Running Bitcoin Cash: An Introduction to Operating a Full Node

Setting up a Bitcoin Cash node is a fairly easy task for someone who wants to contribute to the decentralized ecosystem. There are various ways you can run a node whether it’s on a cloud, on a local machine or by leveraging a small single-board computer. The following is a simple introduction for anyone who wants to set up a full node implementation. Also Read: The Fed Plans to Inject $60 Billion per Month Into the Economy The Required Elements Needed to Run Bitcoin Cash During the last two years,…

Read More

Victim of $24 Million SIM Swap Case Writes Open Letter to FCC Chairman

SIM swapping victim Michael Terpin wrote an open letter to FCC Chairman Ajit Pai to take action against this type of fraud. SIM swapping victim Michael Terpin wrote an open letter to the United States Federal Communication Commission (FCC) Chairman Ajit Pai. In his letter, posted by Coindesk on Oct. 21, Terpin requested that the regulator take decisive action against SIM swapping and end this type of fraud. Terpin proposes to force all U.S. mobile carriers to hide customer pins and passwords from employees and oblige them to inform its…

Read More

Binance Joins Council of Internet Giant Kakao’s Blockchain Project

Cryptocurrency exchange Binance is joining the governance council of Klaytn, a blockchain project led by South Korean internet giant Kakao. Klaytn, a blockchain project led by internet giant Kakao, announced that cryptocurrency exchange Binance is joining its governance council. In a joint press release shared with Cointelegraph on Oct. 22, Binance announced that it is joining the governance council of the service-centric blockchain project, Klaytn, to further push for the mass adoption of blockchain technologies. Binance joins 24 other member companies such as LG Electronics, Unionbank of the Philippines and…

Read More

Bad for Business: How KYC/AML Makes Everyone a ‘Terrorist’

Two reports from risk solutions group Lexisnexis assert that anti-money laundering (AML) and know your customer (KYC) policies can negatively affect a business’s bottom line and customer service significantly. A recent trip to the local post office for a money order certainly had a negative effect on my own experience, thanks to the same regulations, which make paying customers feel like they are suspected terrorists just for doing business. Also Read: Bittrex Pulls Out of 31 Markets Citing Regulatory Uncertainty Everyone’s a Suspect A recent visit to my local post…

Read More

Anti-Money Laundering Laws Apply to Crypto Too, Says FinCEN Chief

FinCEN Director Kenneth Blanco says that the agency expects fintech firms that provide anonymous services to comply with Anti-Money Laundering standards. The United States Financial Crimes Enforcement Network (FinCEN) Director Kenneth Blanco spoke at the University of Georgetown where he made it clear that Anti-Money Laundering (AML) laws apply to everyone. On Oct. 21, banking trade publication American Banker reported that Blanco said that fintech firms offering cryptocurrency users anonymity must comply with AML laws “just like everyone else.” Blanco highlights responsibilities and the Bank Secrecy Act Blanco seemed to…

Read More

How to Safely Store Your Wallet Recovery Phrase

As a cryptocurrency holder, security is paramount – and you can’t be too careful when it comes to your wallet recovery phrase. Unless you want your meticulously accrued crypto to disappear into the ether (or your ether to disappear into the cryptosphere), safely stashing your wallet mnemonic is vital. You must do everything in your power to construct a fortress around your recovery phrase, which you’ll need should you misplace your smartphone or lose your wallet. Also read: Bitcoin and Mnemonics: The Art of the Secret Phrase Hide Yo Seed,…

Read More

Canadian Terminal Operator Joins Maersk and IBM’s TradeLens

Vancouver-based Global Container Terminals will use TradeLens in all four operated terminals, including two terminals in the U.S. Global Container Terminals (GCT), a container terminal operator in North America, has joined Maersk and IBM’s blockchain shipping tool TradeLens. Adding four Canadian and U.S. terminals to the platform  As part of the initiative, Vancouver-based GCT will gradually roll out the blockchain-based platform at the four terminals it operates, the firm said in a press release on Oct. 17.  GCT wants to use the platform to improve visibility on the cargo supply…

Read More

Blockchain Firm Algorand Announces Sharia Certification for Islamic Finance

The Algorand Foundation announced that its blockchain platform is now certified for Sharia-compliant financing. The Algorand Foundation announced that its blockchain platform is now certified for Sharia-compliant financing. According to a press release on Oct. 21, Islamic institutions can now start using the proof-of-stake Algorand blockchain for economic exchange, stating: “Islamic enterprises will now be able to realise new business opportunities on a platform that is congruent to their finance guidelines.” Although Algorand obtained the certification for Sharia financing, each decentralized application built on Algorand will need to be evaluated…

Read More

‘Death Cross’ Dampens $8.8K Hopes as Bitcoin Price Recovery Stalls

Bitcoin price is under threat as an impending death cross on key moving averages decreases the likelihood of a rally to $8.8K. Bitcoin price (BTC) is down around 1% on Monday, following a strong close to the week on Sunday with a move from lows of $7,875 to highs of over $8,300. The altcoins also bounced around 2% yesterday and have also failed to follow through today.   Despite the strong close to the week, Bitcoin closed the week down around half a percent and the altcoins a similar amount. With…

Read More