Goodcat49

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About Goodcat49

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  1. Mt.Gox Hack + BTC-e: The Biggest Money Laundering Scheme in Bitcoin FinCEN and Greek police have revealed new details about the case of $4 billion money laundering via BTC-e exchange. BTC-e appeared to be connected with 300,000 BTC stolen from Mt. Gox. As we reported yesterday, the largest Russian cryptocurrency exchange, BTC-e, froze all services soon after the arrest of its owner and administrator. On July 25, Greek police arrested Alexander Vinnik in Thessaloniki, Greece, on a US warrant. The BTC-e exchange had gone offline sometime Tuesday morning, July 26, and remains unavailable. Read the full article: https://coinidol.com/mtgox-btce-the-biggest-money-laundering-in-bitcoin/
  2. S7 Airlines Launches Blockchain-based Payment System The S7 Airline has launched an Ethereum Blockchain-based platform for automatic payments settlement with third party airline ticket sales companies. S7 announced that it has already used a new Blockchain-based system to sell over 100 tickets. In an official statement, S7’s representatives say: "The implementation of the Ethereum platform has opened up opportunities for a significant optimization of business processes for both the airline and its partners, and the speed of settlements has grown from 14 days to 23 seconds." Read the full article: https://coinidol.com/s7-airlines-launches-blockchain-payment-system/
  3. Owner Of Russia's Largest BTC Exchange Arrested – Money May Be Lost The largest Russian cryptocurrency exchange, -e, froze all transactions soon after the arrest one of its co-owners. -e user funds may be lost. Yesterday, July 25, Greek police arrested 38-year-old Russian citizen Alexander Vinnik, who turned out to be a co-owner of one of the largest and most popular Bitcoin exchanges in Russia. He was arrested in Thessaloniki, Greece, on a US warrant, on suspicion of laundering $4 million via Bitcoin transactions. According to a report by Bits.media, the -e exchange had gone offline sometime Tuesday morning, July 26, and remains unavailable. The first message from the team of -e stating that the exchange is offline due to "unscheduled technical work" appeared on its official Twitter page one hour later. Read the full article: https://coinidol.com/owner-of-btc-e-arrested/
  4. ICOs To Be Regulated The Same As IPOs in the US The SEC (The Securities and Exchange Commission) has decided to regulate Initial Coin Offerings (ICO) in the same way as Initial Public Offerings (IPO) of traditional shares. Now, each organization using distributed ledger or blockchain technology that wants to offer and sell its own digital token in the US will be required to be registered. After a closer study, the SEC issued an investigative report cautioning market participants that offers and sales of digital assets by "virtual" organizations are subject to the requirements of US federal securities laws. Read the full article: https://coinidol.com/icos-to-be-regulated-as-ipos-in-the-us/
  5. Bitcoin Segregated Witness Activation. What's Next? By Sunday, July 23, more than 95% of miners had voted for Segregated Witness, defined in BIP 141, activation. Now, almost all the miners are supporting SegWit. Mining pools that have not yet joined in support of BIP91 or BIP141 remain in the minority and their blocks will be ignored by the Network until they update their software. The full article here: https://coinidol.com/segregated-witness-activation/
  6. Scientists Propose Using Blockchain In Dairy Products Industry Scientists from St. Petersburg, Russia, have created a new Blockchain-based system to protect dairy products from counterfeiting. The scientists set a goal of creating a system using Blockchain technology, the implementation of which does not require large investments from enterprises. Thus, the additional security measures would not force buyers to overpay for the milk they are buying. Read the full article: https://coinidol.com/blockchain-in-dairy-products-industry/
  7. BIP 91 Locks In and Bitcoin Price Rises Sharply The Bitcoin price rose sharply after Bitcoin Improvement Proposal 91 (BIP 91) was locked in yesterday evening. Charlie Lee, the founder of Litecoin, who has great experience in cryptocurrency Segwit, predicted before that when BIP91 locks in and pools signal SegWit, BTC price will rally hard and it actually did. Read the full article: https://coinidol.com/bip-91-locks-in-and-bitcoin-price-rises-sharply/
  8. How Businesses In Russia Accept Bitcoin and Pay Taxes The government of Russia is still discussing the possibility of official acceptance of cryptocurrencies. However, several businesses are already accepting Bitcoin payments and claim that they do it absolutely legally. But how? Businesses in Russia show growing interest in accepting cryptocurrencies for their goods and services. Several retailers and restaurants have announced that they are already accepting Bitcoin payments, while some others plan to do so. Read the full article: https://coinidol.com/businesses-in-russia-accept-bitcoin-and-pay-taxes/
  9. ICO Problems: Double-check Where You Are Sending Your Money To Soon after the launch of its Initial Coin Offering (ICO), CoinDash, a startup that supposed to create a social trading platform for crypto-markets, has announced that it was attacked by hackers and lost over $7 million in Ether. The CoinDash team stated that hackers managed to break into the system and placed a malicious Ethereum address on CoinDash’s crowdsale web page. As a result, more than 2,000 backers have sent their funds – 37,000 ETH – to the fraudulent address. Read the full article: https://coinidol.com/ico-problems-double-check/
  10. Russia To Legalize and Regulate ICOs The members of the governmental interdepartmental working group assessing the risks of cryptocurrency turnover in Russia have begun to discuss the possibility of introducing amendments to the civil law that will allow ICOs to be held in the Russian Federation. According to reports, Russian market participants believe that the legalization of cryptocurrencies can help both large companies and small businesses that are searching for investors. The law that would allow them to launch ICOs and cryptocurrency transactions with lower expenses and fees could become a springboard for the Russian economy's take-off. Read the full article: https://coinidol.com/russia-to-legalize-and-regulate-icos/
  11. SegWit2x vs BIP148: What Doesn’t Kill Bitcoin Makes It Stronger The Bitcoin price dropped sharply from $2,500 last week to $1,850 on Sunday, July 16. In the beginning of this week, Bitcoin managed to recover and moved above a level of $2,000. The Cryptocurrency community is expecting the decision on Bitcoin’s SegWit2x on July 29 and the vote will begin on July 21. However, according to recent reports, some major miners are already moving to show support in advance of another round of software testing. The world's largest producer of ASIC bitcoin mining hardware, Bitmain, has announced that all of Bitmain’s Bitcoin mining pools have already started running the new SegWit2x software. Read the full article: https://coinidol.com/segwit2x-vs-bip148-what-doesnt-kill-bitcoin/
  12. Switzerland's Leading Provider of Online Banking Offers Bitcoin Trading Swissquote, the Swiss leader in online banking, listed on the SIX Swiss Exchange, has announced the launch of a Bitcoin trading service. Swissquote announced its partnership with Europe’s first licensed digital currency exchange, Bitstamp, to offer BTC trading with EUR and USD on its platform. Now, Bitstamp is providing a full-stack solution for all of Swissquote's requirements. Read the full article: https://coinidol.com/switzerland-online-banking-offers-bitcoin-trading/
  13. Bitcoin Price: Is the Storm Over? The Bitcoin trading market has been panicky shivering this last week. The Bitcoin price has dropped sharply from $2,500 last week to $1,850 on Sunday, July 16. However, on Monday, July 17, Bitcoin’s price recovered a little and holds on at a level around $2,000. The Cryptocurrency community is expecting the decision on Bitcoin’s Segregated Witness on July 29. The vote on SegWit2x will begin on July 21 and if the number of votes for it reaches 80%, SegWit2x will be activated. Experts say that this should help to avoid Bitcoin’s chain-split on August 1, when the launch of BIP148 is scheduled. However, if the majority of Bitcoin miners does not signal support for SegWit through BIP148 on August 1st, but at least some do, Bitcoin’s blockchain will split in two, and we will see two types of Bitcoin tokens. Read the full article: https://coinidol.com/bitcoin-price-is-the-storm-over/
  14. Social Media and Blockchain: Where Everyone Has Voice and Freedom Internet has instigated a huge paradigm shift in the way we communicate with each other and participate in global discourse. Historically governments and large corporations used to boast media monopoly when it came to addressing mass audiences. Media channels were objectively too expensive to build and maintain hence big players had little competition when pushing their narratives. But everything changed at the turn of the century. Social media is a fairly new invention yet we can hardly imagine our life without them now. Today every adult human being does not only consume content without limits, but is also a content creator by default with a potential reach of millions followers. Read the full article here: https://coinidol.com/blockchain-unchaining-social-media/
  15. First Swiss Bank To Allow Its Clients to Exchange and Hold Bitcoins A Swiss private bank with 50 years of expertise in wealth management – Falcon Group – has become the first local bank to offer a new feature of blockchain asset management, including Bitcoin, to its clients. Now, Switzerland becomes more cryptocurrency friendly. A new service has become available through Falcon Group’s cooperation with Bitcoin Suisse AG, a regulated crypto financial broker based in Switzerland. The bank has already received approval from FINMA (the Swiss Financial Market Supervisory Authority) to launch this unique product. Read the full article: https://coinidol.com/first-swiss-bank-to-allow-exchange-and-hold-bitcoins/