“This could open doors to over 800,000 stores and 3 million web shops on Shopify and WooCommerce, as well as anyone else seeking a way to accept decentralized stablecoins as payment.
Shop owners can also currently earn a DAI savings rate of 7.5%.”
“Status version 1 is live—combining a peer-to-peer messenger, cryptocurrency wallet, and Ethereum-enabled browser into a single decentralized, private and secure communication and payment tool for both iOS and Android.
With Status, we’re building not just a tool for private and secure communication, but a gateway into an emerging ecosystem of distributed applications that embodies what is possible with decentralized technologies today.
We believe apps like Status represent the future of the web—enabling an internet that can uphold human rights, and providing a path toward more open and equitable systems.”
See Also: Torus Launches to Bring One-Click Login to Web 3.0
“In addition to the crypto media site Coin Ninja, Harmon created the bitcoin mixer Helix. In its indictment, Department of Justice prosecutors refer to Helix as a ‘money transmitting and money laundering business.’
Justice Department Assistant Attorney General Brian Benczkowski made the department’s views on bitcoin mixers clear. ‘This indictment underscores that seeking to obscure virtual currency transactions in this way is a crime.’
Harmon’s case raises pressing questions about developer liability in the crypto industry. Many bitcoin experts are concerned this could establish a precedent where simply creating a bitcoin mixer is seen, in itself, as a money-laundering conspiracy.”
See Also: ‘Full Transparency Not Ideal for Cryptocurrency’ Says Chainalysis Exec
See Also: Could a Digital Dollar Compete on Privacy? Fed Chairman Powell Hints It Might
“Decentraland, Cryptovoxels and The Sandbox all together have seen a total trading volume of 944.506 dollars. In terms of trading volume Decentraland is absolutely the biggest player out there. This virtual world will launch on February 20th and is getting lots of traction from investors and gamers alike.
User generated content is getting a new meaning, as ownership will break users free from the traditional ‘consumer role’. No longer are players merely consumers, but they are contributors to a virtual world in which creation and contribution has real value.“
“The investment is partly geared toward a recently launched product that helps crypto exchanges win banking relationships.
The product, Elliptic Discovery, provides a bill of health for over 200 crypto exchanges worldwide, covering everything from how they conduct know-your-customer (KYC) checks to whether they’re regulated in the first place.
Previously, a bank just didn’t know much about the exchange that was wanting to open an account with them. This will give them insights into how risky or otherwise a given crypto exchange is.”
“IOTA Foundation recommended users close their Trinity wallets Thursday after multiple reports of fund theft. IOTA said that it is working with law enforcement and cybersecurity experts to investigate a coordinated attack, resulting in stolen funds.
Most evidence is pointing towards seed theft, cause still unknown and under investigation.”
“Over 6.9 million Britons were tracked by a company formerly associated with Cambridge Analytica.
Because of the nature of these sites, this can reveal very sensitive characteristics about a person’s financial circumstances, and health. It is inexcusable that people seeking help for addiction, disability, and poverty on council websites can be profiled by private companies.
Brave notes in its report that Google ‘owns all five of the top embedded elements loaded by UK council websites,’ which gives the tech giant the power to know what virtually anyone in the UK views on council sites.”
“The GAO recommended the IRS add a note saying its 2019 FAQs are not binding guidance, clarify third-party reporting requirements and clarify the reporting requirements around FATCA.
Part of the 2019 guidance is not authoritative because it was not published in the Internal Revenue Bulletin (IRB). IRS has stated that only guidance published in the IRB is IRS’s authoritative interpretation of the law. IRS did not make clear to taxpayers that this part of the guidance is not authoritative and is subject to change.”
See Also: IRS Does Not Consider Fortnite Money as Virtual Currency After All