October 31

“The Universal Login beta version is now on mainnet. This means we are that much closer to your dapp having a vastly improved on-boarding process for users.

Universal Login solves many user on-boarding problems all at once. With Universal Login, there is no download needed, you get a seamless fiat-to-cryptocurrency on-ramp, there’s built-in recoverability, and simplified transaction fees.”

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In the list of the most used methods of online payment systems in Italy, Bitcoin comes in a strong, third place, just behind PayPal and the Italian reloadable prepaid card service PostePay.

Bitcoin is used more than 215,800 times per month for online purchases in Italy, while American Express is used just 189,000 per month. Visa, Mastercard, and other credit cards lag with only 33,950 online transactions per month.”

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“Multi-Collateral Dai (MCD) will be released on November 18, and along with its new features will come a very important change in terminology: “Collateralized Debt Position (CDP)” will be replaced with “Vault.”

Additionally, to help users and others distinguish between Dai generated via SCD and Dai generated via MCD, we will begin referring to SCD-generated Dai as Sai, and MCD-generated Dai as Dai.”

Crypto futures trading volume now reportedly amounts to nearly 50% of the value of spot trading on crypto markets. Citing volume data from 13 major global crypto exchanges, Bloomberg reported on a massive growth of cryptocurrency futures markets Oct. 31.”

“The trustee in charge of refunding users who lost money in the implosion of Bitcoin (BTC) exchange Mt. Gox has again extended the submission deadline for claims. Kobayashi confirmed the plan just one day before the current deadline arrived.

In a statement released on Oct. 28, Nobuaki Kobayashi said that the high volume of problematic requests for money meant that a five-month extension was inevitable.”

“The joint initiative being launched is called ReclaimCrypto, and combines the latest blockchain forensic techniques with the more established world of legal investigation and asset recovery.

So far, there is no one place where victims can go and get help.

Coinfirm’s bread and butter is anti-money laundering (AML) within crypto networks, done by analyzing the history of transactions using various smarts and big-data analytics.

Coinfirm’s partner, Kroll, takes a more “traditional” approach, which might involve producing court orders to get an internet service provider to reveal details about an IP address, or using former FBI and CIA operatives to scour the dark web for activity involving stolen funds.”

“While some see it as helpful validation, others worry that crypto is diverging further from its anti-authoritarian roots.

Given China’s mass detention centers currently being used to “re-educate” over a million Chinese Muslims, this bitcoiner feared local minorities will face even harsher conditions under a fully integrated financial system controlled by the government.”

“Knabu will run know-your-customer (KYC), know-your-business (KYB) and anti-money laundering (AML) checks on customers, encrypt the data, and send it to Factom to be recorded on the ethereum and bitcoin blockchains.

The average cost of regulatory compliance for a bank is about 30 percent of its budget. … We’re a blockchain-first company and felt that it was necessary to demonstrate the features that can remodel that.

In the future, Knabu aims to also test reporting capital reserves on Factom’s blockchain.”

“The new outpost will join Binance’s current mainland China office in Shanghai. It’s not clear what exactly the office will do or when it will open.

This comes just one year after China’s censorship firewall blocked access to the Binance website.”

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