Sentences with phrase «on use of cryptocurrency»

Most of the countries» governments are taking stringent measures to impose ban on the use of cryptocurrency exchanges and ICO's.

The obligatory reporting of transactions suspected to be part of money laundering and drug trafficking was also made part of the legislation in an effort to crack down on use of cryptocurrency as a medium to facilitate illegal financial activities.

«A blanket ban on the use of cryptocurrencies is not a very feasible solution as drug smuggling is a big problem, and in most cases, these transactions have nothing to do with use of cryptocurrencies.»

At first glance, this may cause fears that the United States may be the next to put a ban on the use of cryptocurrencies.

While Nigerian banks are prohibited from handling virtual currencies, the central bank is working on a white paper which will draft its official stance on use of cryptocurrencies as a payment method.

At CoinStaker we covered how the ECB was planning different regulations on the use of cryptocurrencies.

Russia has previously had a hard stance on the use of cryptocurrencies, so this shows a new state of mind regarding the advanced technology.

The State Bank of Vietnam or SBV has recently announced that they'll be placing a ban on the use of cryptocurrencies as the next year goes on.

Last Friday, Reuters reported that EU states had agreed to implement stricter rules on the use of cryptocurrencies.

Not exact matches

Meanwhile, hackers used a different method of attack last weekend to steal $ 400,000 worth of the cryptocurrency Lumens, used on the Stellar digital payment system, from an online wallet service called BlackWallet.

On its website, Verge is described as a cryptocurrency which «improves upon the Bitcoin blockchain» and uses open - source software like Tor and I2P — both of which have been used in connection to the former trading site for illicit goods, the Silk Road.

Bitcoin, one of the most popular cryptocurrencies on the market today, was being used for both investing and payment a few years ago.

As security consultant Scott Helme first noted on Sunday, sites using Texthelp's Browsealoud plugin were leeching off the computing power of those visiting the sites, in order to mine cryptocurrency.

Bitcoin investors are on alert to see whether Beijing will take further action against cryptocurrencies, such as shutting down bitcoin «mines», the energy - hungry operations that create bitcoin by solving mathematical problems using vast banks of computers.

Power consumption for all cryptocurrencies is on track to use more electricity in 2018 than the whole of Argentina, according to Bloomberg.

Though on Friday, Dimon told CNBC he was open to the use of cryptocurrencies if properly controlled and regulated.

The bank pointed out «new prohibitions on using credit cards to buy cryptocurrencies, implying that perhaps a substantial amount of Bitcoin buying in 2H17 had been funded with credit cards.»

Whether that assertion proves correct with respect to any digital asset that is labeled as a cryptocurrency will depend on the characteristics and use of that particular asset.

Putin, whose statements are often interpreted by Russia - watchers as a bellwether, suggested on October 10 that blockchain technology might offer «new... solutions» to the Federation's «banking sphere,» but cautioned that the «use of cryptocurrencies also carries serious risks.»

He or she used this information to approach people I knew in the cryptocurrency space with a story that was, arguably, quite ludicrous: the hospital would pull the plug on my Dad if they didn't get payment of a bill and that I, in my anguish, needed to borrow and sell 10 bitcoins immediately and would pay the friend back 15 the next morning.

A bill currently in the House of Representatives calls for a report on (and strategy to combat) the use of cryptocurrencies in financing terrorism, laundering money, evading US sanctions, and otherwise threatening American national security.

Personnel with the trading platforms are apparently suspected of having embezzled customer funds, then using them to buy cryptocurrency on other exchanges.

Le Maire elaborated about Landau's special task: «This mission will propose reorientations on the evolution of [cryptocurrency, and] regulation to better control development, prevent their use for [the] purposes of tax evasion, money laundering, or financing of criminals or terrorism.»

A bill currently in the US Senate would call on federal personnel, including from the Department of Homeland Security, to develop and share with other law enforcement bodies a threat assessment describing how cryptocurrencies could be used to support terrorist activity.

Additionally, the statement related that, following the implementation of the «real name system» (one of several special measures announced on December 28, 2017), cryptocurrency traders using anonymous accounts will be required to switch over to accounts linked to their identities or face fines.

Monero (XMR) is an open - source cryptocurrency that was initially based on the CryptoNote protocol already used by Bytecoin, which is what provides the level of anonymity that the Bitcoin code could not offer.

Early in the history of cryptocurrency, the focus tended to be more on the bad (or, at least, illegal) uses than the good ones.

Elena Sidorenko, who heads an interdepartmental working group on cryptocurrencies at the State Duma, the lower house of Russia's legislature, said it is widely known that Chinese traders use cryptocurrencies to send their revenues abroad.

Emanuel elaborated on the potential impact of cryptocurrencies in the film industry: «I think crowdfunding using blockchain - backed currency could work for some types of content.

Cryptocurrency mining describes the use of high - powered computers and servers to solve complex mathematical equations and, in the process, validate transactions on a blockchain network.

Local sources in Cairo are reporting that Egypt's grand mufti, Shawki Allam, issued a fatwā on New Year's Day that classifies the use of cryptocurrencies as incompatible with Sharia Law.

If that sounds similar to how Bitcoin bills itself — as a cryptocurrency that «uses peer - to - peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network,» — you're on the money.

Reasons for China tightening its grip on cryptocurrency have run the gamut from Chinese investors using bitcoin to get money out of the country, to the struggling and depreciating Yuan.

While both ether and bitcoin are cryptocurrencies and can be traded, exchanged, and transacted between users, ether is largely used to pay for services and transaction fees on the network — enabling the development and distribution of applications — while bitcoin is used more closely to an actual currency and alternative therein.

NEW YORK (Reuters)- Fidelity Investments has started allowing clients to use its website to view their holdings of bitcoin and other cryptocurrencies held through digital wallet provider Coinbase, the company said on Wednesday.

«We didn't think it was obvious to rush out a product and be first,» said CEO Jeff Sprecher on Tuesday, expressing concern about the lack of transparency at cryptocurrency exchanges, many of which will be referenced in price indexes used for cryptocurrency derivatives.

Nvidia's fourth quarter report consisted of a revenue beat on strong sales of GPUs to the datacenter end market, the gaming end market, and for use in cryptocurrency mining, McConnell said in a note.

On Tuesday the office of New York Attorney General Eric Schneiderman sent letters to 13 cryptocurrency exchanges requesting information on «their operations, use of bots, conflicts of interest, outages, and other key issues.&raquOn Tuesday the office of New York Attorney General Eric Schneiderman sent letters to 13 cryptocurrency exchanges requesting information on «their operations, use of bots, conflicts of interest, outages, and other key issues.&raquon «their operations, use of bots, conflicts of interest, outages, and other key issues.»

Tatiana Moroz was on the always fun, informative, and very popular Tom Woods Show to discuss a wide variety of topics, including how she uses cryptocurrency to support her work; being an independent musician in the Internet age; creeps in the liberty movement (shocking, right?)

Additional dialogue was given to the question of token sales and initial coin offerings (ICOs), or funding mechanisms that rely on the use of custom cryptocurrencies.

Then manufacturers and service companies receive the payment excluding the commission of the Yodse platform which varies depending on the used type of currency (1 % of the commission via Yodse tokens, 1,5 % with any other cryptocurrency and 3 % with traditional currencies).

The memo explained that all cryptocurrency purchases had been stopped as of March 28, and that users would no longer be allowed to use credit or debit cards — either business or personal — to purchase digital currencies on popular exchanges.

Our initial finding focused on «로그인 오류.hwp «or «Korean Day» lure, but once we created a signature for the particular implementation of the PostScript, we found three additional lure documents in a public malware repository tied together by the use of this exploit: two CVs and a cryptocurrency exchange - themed lure.

But here's the bearish case, in the eyes of investors that passed on the deal: The assumption that every Telegram user is interested in using cryptocurrency isn't valid.

In terms of my specific business sector, being focused primarily on cryptocurrency investing and blockchain technology, I've seen multiple blockchain type startups, which many have touted as the future, using Instagram to generate exposure for their ICOs (Initial Coin Offerings).

The Trump administration on Monday banned all use by Americans of Venezuelan cryptocurrency, saying that its introduction is intended to skirt U.S. sanctions.

KredX, launching their ICO recently on the 4th of October, say that they're here to make some changes to the way we use and interact with our Cryptocurrency.

Preston: [00:17:56] So what's so interesting here is that on one side we have Silicon Valley working at a rapid pace to create this new digital cryptocurrency and we also have governments and global authorities looking into the implications of using the similar technology whether it's the IMF or other central banks around the world that are that are talking about using some form of crypto to back their monetary baseline.

Following fresh on the heels of Coinbase warning its customers that cryptocurrency purchases made with credit cards would be treated as cash advances rather than as credit purchases, Bank of America and JPMorgan Chase have just recently forbidden their credit card customers from using their cards to purchase cryptocurrencies.

We don't know yet whether this price volatility will stop cryptocurrencies from catching on as a commonly used means of payment.