On March 16th, some cryptoverse denizens awoke to what appeared to be an email from PayPal saying to "cease any activity that results in the trading or transfer of cryptocurrency." Affected users have called into PayPal to learn that the email is a hoax. The dominant theory for now? Someone is trying to manipulate crypto prices with FUD ("Fear, uncertainty, doubt"). Also … [Read more...] about Fake PayPal ‘Crypto Warnings’ Are Being Sent Out. What Gives?
On March 1st, 2018, online payments giants PayPal filed a patent for “Expedited Virtual Currency Transaction System” with the U.S. Patent and Trademark Office (USPTO), that aims to allow instantaneous crypto payments. The proposed transaction system will introduce secondary private keys to shorten transaction times. Also see: Student Hacks Google Satellite with Blank … [Read more...] about PayPal Files Patent to Allow Instant Crypto Payments Off Blockchain
Highlighting the coming challenges of Know Your Customer (KYC) rules in the cryptocurrency trading arena, it's come to light that several of the 13 Russians recently indicted by U.S. Special Counsel Robert Mueller for election meddling in the United States were using forged identification documents to maintain cryptocurrency exchange accounts. Also see: Bitcoin Price Goes … [Read more...] about Russians Indicted for Meddling Faked Cryptocurrency Exchange Accounts
With the prospering development of cryptocurrencies, the applications for digital assets is expanding. Increasing numbers of countries and regions are now accepting digital currencies as a payment method. However, there is always an unsolved cul-de-sac associated with digital currency transactions -- in online purchases of commodities and in OTC currency exchange markets. … [Read more...] about ‘Decentralized PayPal’: Themis – the Fundamental Infrastructure of Digital Asset Commercial Trust
Could the massive bull run that took place during the summer of 2017 been spurned on by major buying volume from Peter Thiel's Founders Fund? Perhaps so, as a new report from The Wall Street Journal confirms the Founders Fund dropped millions of dollars into bitcoin just months ago. Also read: For Better or Worse, Here’s Bitsonline’s Bitcoin People of the Year 2017 Join … [Read more...] about Peter Thiel’s Founders Fund Amasses “Hundreds of Millions” in Bitcoin