Author: Phil Kornyshev

Aliant Payment Systems will start accepting Litecoin

US-based provider of merchant solutions Aliant has announced that it will add Litecoin functionality. The payment provider already offers Bitcoin and Ethereum payments to its clients. A retail terminal called Poynt is also in the works. As cryptocurrency gains popularity, effective retail solutions will increase usability and make purchases of everyday goods for BTC, ETH, and LTC a reality. Litecoin as payment for goods and services CEO Eric Brown explained that the decision to add Litecoin was due to the cryptocurrency’s increasing usefulness as an everyday payment method. Brown also believes that Litecoin is popular and has gained the trust...

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Australia’s top banks: we won’t ban buying Bitcoin

Australia’s biggest banks confirmed that there are no plans to ban buying Bitcoin with credit cards. Popular Australian banks JP Morgan, Bank of America and Citigroup have adopted a different approach that their US counterparts. No ban, but monitoring of transactions ANZ (Australia and New Zealand Banking Group) told ABC news that it “does not prohibit customers buying digital or cryptocurrencies, or accepting them as a form of payment.” However, the bank does monitor transactions for “unusual behavior” in accordance with AML responsibilities. The bank also does not interact with companies “that operate as issuers, dealers or exchanges of digital...

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Bitcoin puzzle painting solved: winner claims 4.87 BTC

In 2015 @coin_artist published a painting, which contained a hidden private key for a BTC wallet with 4.87 BTC. Whoever deciphered the private key from the painting would gain access to the money as a reward. Last week the BTC have been transferred from the address, putting an end to 3 years of treasure hunting. Verifying the claim To make sure @coin_artist didn’t empty the wallet himself, Motherboard reached out to him to verify the puzzle has been solved. In a Telegram message, it seems that someone different had alerted the author the puzzle has been solved. The winner...

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Ukrainian parliament considers separate law for mining

The government of Ukraine has been steadily working on regulation of cryptocurrencies and mining for several months now. Lawmakers have criticized recent confiscations of mining equipment by the police, who claim that the mined coins were used to finance pro-Russian separatist forces. A new proposal calls for mining to be regulated separately. Separate mining and cryptocurrencies Olexandr Danchenko, head of the Committee for Informatization and Communications in the Rada, called mining “just a calculation” and proposed to separate mining from general cryptocurrency refulation. “Ukraine’s share of the global cryptocurrency mining market has shrunk to just 3%. [We need to]...

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Binance exchange overview

Binance is a popular exchange that started operations in September 2017. Originally based in Shanghai, the project relocated to Hong Kong when the Chinese government began its crackdown on crypto exchanges. The project raised $15 million in an ICO around July 2017. Almost 20,000 users registered to take part. The company was founded by Changpeng Zhao. Before Binance, he was the Head of Development at Blockchain, Co-founder and CTO of OKCoin, and the Founder and CEO of BijieTech. The platform is designed to handle over 1.4 million order per second, which allowed Binance to skyrocket to one of the...

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