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Nearly six months after parting ways with its auditor, Tether has finally produced a third-party report proclaiming that its cryptocurrency is fully backed by U.S. dollars – with some big caveats. The state of Tether’s reserves has been the subject of controversy for months, with online critics claiming the company has been issuing more tokens …

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On Wednesday, roughly 35 billion Korean won (around $31 million) in cryptocurrency was stolen by hackers from the South Korea-based exchange Bithumb. Although the breach may not be as significant as the $530 million hack of the Coincheck exchange earlier this year, the fact that Bithumb now ranks as the sixth biggest trading venue in …

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Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. Whether bitcoin or its imitators eventually achieve global ubiquity, they have already achieved success in one …

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Have modern internet companies gone too far? According to mathematician and Blockstream research director, Andrew Poelstra, the answer is unequivocally yes. In his view, companies are simply now vacuuming up troves of customer data, which they then sell to others without the owner’s knowledge or benefit. (Think how Instagram owns user images, or Target acquires huge amounts of …

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To most banks in the U.S., cryptocurrency businesses are pariahs. To Metropolitan Commercial Bank, they’re “pioneers.” At least, that’s how the New York financial institution’s chief technology officer, Nick Rosenberg, describes them. “We’re certainly very interested in growing this vertical,” Rosenberg told CoinDesk of the bank’s crypto clientele. “We’ve learned that it’s a serious industry. …

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To most banks in the U.S., cryptocurrency businesses are pariahs. To Metropolitan Commercial Bank, they’re “pioneers.” At least, that’s how the New York financial institution’s chief technology officer, Nick Rosenberg, describes them. “We’re certainly very interested in growing this vertical,” Rosenberg told CoinDesk of the bank’s crypto clientele. “We’ve learned that it’s a serious industry. …

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Talk to any three blockchain entrepreneurs, and at least one of them will pitch a way for internet users to own their own data. Recent privacy debacles at Yahoo, Equifax and Facebook have driven home the realization that anyone with a smartphone is walking, talking, searching, eating, posting, browsing fodder for advertisers, machine learning algorithms …

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So, your token is being sent to a new blockchain… Far from an elaborate crypto scam, the decision to carry out this process, known as a “token migration” or “token swap,” has become increasingly popular among blockchain projects. Notably, two of the top 25 cryptocurrencies trading globally – Tron and EOS – are in the …

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The developer team behind ethereum is considering possible changes to a planned rollout of new technology upgrades. Addressing rumors that such plans are now under review, ethereum creator Vitalik Buterin told a meeting of the platform’s open-source developers Friday that the idea is that the team might seek to alter the sequence in which Casper and sharding, …

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A bird? A plane? No, that’s just a giant penis spouting flaming bitcoin. Such is the canvas at Satoshi’s Place, a web app that allows savvy users to create digital pictures by sending small amounts of bitcoin. In the weeks since its release, the graffiti tool has become the site of territorial battles of pixel-space, …

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The EOS blockchain is now live. At press time, the blockchain has received more than the 150 million votes needed to determine the individuals or entities that will maintain the distributed network, the world’s fifth largest by total value, thus ending a weeks-long process that had been among the most complex the evolving cryptocurrency market …

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A blockchain project is facing an uproar from community members who say the team has been undermining the value of the token it used to raise millions. The controversy around Quantstamp, maker of a protocol that seeks to decentralize smart contracts auditing, reached a fever pitch late last week, with acrimony spilling into the project’s …

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Young women coders in Afghanistan are getting a chance to use ethereum’s cryptocurrency. Revealed exclusively to CoinDesk, Code to Inspire (CTI), a non-profit for teaching women in Afghanistan to write code, has partnered with the Bounties Network to allow students to accept ether (ETH) for fixing vulnerabilities for businesses or projects posting bounties. And according …

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Visit any EOS Telegram channel and some version of this question will pop up again and again: Is the mainnet live yet? While the EOS blockchain technically launched on June 10 at 13:00 UTC, the answer to that question is effectively no. That’s because the crypto tokens created by Block.one’s $4 billion EOS initial coin …

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Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. A common thought experiment in the crypto community is to ponder how cryptocurrencies would fare in …

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In several countries throughout Africa, citizens are spending an average of 27 cents to top up their mobile airtime, and they’re using a crypto token to do it. That might sound strange to many in the crypto industry, since the vision of today’s blockchains allowing the movement of millions of microtransactions across the globe has …

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Tanzeel Akhtar is an independent British journalist whose work has been published in the Wall Street Journal, CNBC, FT Alphaville, Investing.com, Forbes, Euromoney and Citywire. With over 1,560 cryptocurrencies for investors to choose from, the abundance can seem overwhelming. But it also raises an interesting question: How important is it to have exposure to a …

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MelissaSweet1, a camgirl in Arizona, started accepting cryptocurrency as payment for her erotic webcam performances three years ago. But usually, she would promptly convert it into fiat. Until last year that is, when she started squirreling away the digital coins in a hardware wallet. Rather than simply an expedient way to get paid, crypto became …

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Ethereum is transparent to the core. Much like bitcoin, the platform uses this transparency as part of its security – with it in some ways ensuring that users cannot fake transactions. However, new anxieties are emerging regarding this transparency and the potential problems that such data exposure might have for businesses. In the past, these …

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Almost one week after initiating, one of the largest, strangest experiments in global crypto governance hesitated as it neared its culmination. While EOS, a new blockchain created by Block.One, which raised approximately $4 billion to build it, had effectively turned the code over to its users as of last Saturday, into Friday, the fruits of …

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