nairalandcrypto-blog

[nairalandcrypto-blog]

Malta’s Regulatory Framework Has Attracted Crypto Players, but International Watchdogs and Local Opposition Are Skeptical

Malta’s Regulatory Framework Has Attracted Crypto Players, but International Watchdogs and Local Opposition Are Skeptical

Last week, the International Monetary Fund (IMF) claimed that the growth of blockchain in Malta has created major risks of money laundering and terrorism financing in the island’s economy, as per the local media.

Malta is renowned for its crypto-friendly politics, whose efforts in the field have earned it the moniker of “blockchain island.” However, its push for becoming the international crypto…

[nairalandcrypto-blog]

Ethereum Devs Delay ASIC-Resistant PoW Algorithm Decision Until Third-Party Audit

Ethereum Devs Delay ASIC-Resistant PoW Algorithm Decision Until Third-Party Audit

Ethereum (ETH) core developers have delayed the decision to implement Application-Specific Integrated Circuit (ASIC)-resistant proof-of-work (PoW) algorithm ProgPoW. According to an Ethereum core developer meeting on Feb. 1, the team wants to wait until the algorithm is audited by a third party.

Ethereum core developer Hudson Jameson declared during the call that “there is a group forming or…

[nairalandcrypto-blog]

Major UK Public Transport Provider Partners With Crypto Startup for Loyalty Program

Major UK Public Transport Provider Partners With Crypto Startup for Loyalty Program

Major United Kingdom public transport provider Go-Ahead Group Plc. is partnering with blockchain startup DOVU to introduce a tokenized rewards system for rail customers, TechCrunch reported Feb. 1.

Listed on the FTSE 250 — an index of the 101st to 350th largest companies listed on the London Stock Exchange — Go-Ahead provides over one billion rail and bus journeys in the U.K. every year. As well…

[nairalandcrypto-blog]

Cottonwood Vending Receives Bitlicense in New York

Cottonwood Vending Receives Bitlicense in New York

Cottonwood, a Bitcoin ATM operator, has confirmed in a January 31, 2019 tweet that they have received a virtual currency license from the state of New York.

A License to Sell

Cottonwood Vending LLC has gotten 2019 off to a productive start, announcing on January 31, 3019, that they have received their virtual currency license from the New York State Department of Financial Services (NYDFS) via…

[nairalandcrypto-blog]

Crypto Investors Earn Healthy Returns via PoS Protocol Despite Pessimistic Market

Crypto Investors Earn Healthy Returns via PoS Protocol Despite Pessimistic Market

While cryptocurrency market continues to be dominated by the bears, some HODLers have found a new robust way to earn money despite it. A Bloomberg report published on February 1, 2019, notes that some investors are earning interest on their crypto holdings by staking them.

PoS to the Rescue

Cryptopians are known for challenging the conventional. Staying true to this characteristic, holders of…

[nairalandcrypto-blog]

Crypto Thief Indicted in New York’s First SIM Swapping Prosecution

Crypto Thief Indicted in New York’s First SIM Swapping Prosecution

Manhattan’s District Attorney (DA) announced the indictment of an individual for stealing identities and funds, including crypto, via a process known as SIM swapping. The announcement was made in an official press release from the Manhattan District Attorney’s Office on Feb. 1.

The defendant, Dawson Bakies, has been accused of stealing the identities of over 50 victims in the United States, and…

[nairalandcrypto-blog]

Crypto Payment Processor CoinGate Adds Support for Ripple’s XRP

Crypto Payment Processor CoinGate Adds Support for Ripple’s XRP

Cryptocurrency payment processor CoinGate has added Ripple’s native token XRP to its payment options for merchants, a company tweet revealed Feb. 1.

According to the firm’s accompanying blog post, using the service “XRP coin owners can now use it as a means of payment at more than 4,500 shops online.” CoinGate notes that, by offering what it defines as the first native XRP payment processing…

[nairalandcrypto-blog]

R3 Enters the East Asian Market with SBI Holdings Partnership

R3 Enters the East Asian Market with SBI Holdings Partnership

It was announced on January 29, 2019, that R3 would be teaming up with SBI Holdings, a Japanese financial services company, to enable the use of R3’s platform in the East Asian region.

R3 Entering New Frontiers

R3 announcedon January 30, 2019, that it would be partnering with SWIFT to link a Global Payments Innovation system through a Proof-of-Work (PoW) platform. Just a day before, on January…

[nairalandcrypto-blog]

Cottonwood Vending Receives Bitlicense in New York

Cottonwood Vending Receives Bitlicense in New York

Cottonwood, a Bitcoin ATM operator, has confirmed in a January 31, 2019 tweet that they have received a virtual currency license from the state of New York.

A License to Sell

Cottonwood Vending LLC has gotten 2019 off to a productive start, announcing on January 31, 3019, that they have received their virtual currency license from the New York State Department of Financial Services (NYDFS) via…

[nairalandcrypto-blog]

Crypto Investors Earn Healthy Returns via PoS Protocol Despite Pessimistic Market

Crypto Investors Earn Healthy Returns via PoS Protocol Despite Pessimistic Market

While cryptocurrency market continues to be dominated by the bears, some HODLers have found a new robust way to earn money despite it. A Bloomberg report published on February 1, 2019, notes that some investors are earning interest on their crypto holdings by staking them.

PoS to the Rescue

Cryptopians are known for challenging the conventional. Staying true to this characteristic, holders of…

[nairalandcrypto-blog]

Don’t Believe the FUD: Ethereum Can Scale

Don’t Believe the FUD: Ethereum Can Scale

Hunter Hillman is the head of growth at Connext. Steven McKie is a co-founder of Amentum Capital. Eric Olszewski is an ethereum developer.

Over the past few months, we have noticed a significant number of articles proclaiming the imminent failure and collapse of the ethereum platform due to its inability to scale and its overall lack of user traction. This is hardly a surprise; with many new…

[nairalandcrypto-blog]

Nurse Accused of Selling Drugs on Silk Road and other Darknet Marketplaces for Bitcoin

Nurse Accused of Selling Drugs on Silk Road and other Darknet Marketplaces for Bitcoin

A nurse in California has been arrested on suspicion of illegally selling opiates on the dark web on marketplaces such as Silk Road, AlphaBay, and Pandora in exchange for bitcoin since 2013. She was arrested last week and could face distribution and conspiracy charges. 

Running a Successful Illegal Pharmacy on the Dark Web

The Daily Mail reportedthat California resident Carris Alaine Markis has…

[nairalandcrypto-blog]

Cryptocurrency Winter Forces the NEM Foundation to Restructure Mode of Operation

Cryptocurrency Winter Forces the NEM Foundation to Restructure Mode of Operation

NEM Foundation, the team in charge of the NEM (XEM) blockchain project, has announced a significant change to its mode of operation due to the recent downturn in the cryptocurrency markets, according to an official announcement by the team on January 31, 2019.

NEM Foundation Restructured to Cut down Cost of Operation

As part of measures to overcome the ongoing crypto winter and enable the NEM…

[nairalandcrypto-blog]

R3 Enters the East Asian Market with SBI Holdings Partnership

R3 Enters the East Asian Market with SBI Holdings Partnership

It was announced on January 29, 2019, that R3 would be teaming up with SBI Holdings, a Japanese financial services company, to enable the use of R3’s platform in the East Asian region.

R3 Entering New Frontiers

R3 announcedon January 30, 2019, that it would be partnering with SWIFT to link a Global Payments Innovation system through a Proof-of-Work (PoW) platform. Just a day before, on January…

[nairalandcrypto-blog]

Cottonwood Vending Receives Bitlicense in New York

Cottonwood Vending Receives Bitlicense in New York

Cottonwood, a Bitcoin ATM operator, has confirmed in a January 31, 2019 tweet that they have received a virtual currency license from the state of New York.

A License to Sell

Cottonwood Vending LLC has gotten 2019 off to a productive start, announcing on January 31, 3019, that they have received their virtual currency license from the New York State Department of Financial Services (NYDFS) via…

[nairalandcrypto-blog]

How Gambling and Technology Go Hand in Hand

How Gambling and Technology Go Hand in Hand

While we sit gambling, on whatever device you use and betting on the markets you wish, we often forget what makes it possible for us to perform that task. That is of course technology, which has come a long way in terms of gambling over the past decade, let alone what happened before that.

The best new gambling sites are a long way detached from how betting off-course began back during the…

[nairalandcrypto-blog]

R3 Enters the East Asian Market with SBI Holdings Partnership

R3 Enters the East Asian Market with SBI Holdings Partnership

It was announced on January 29, 2019, that R3 would be teaming up with SBI Holdings, a Japanese financial services company, to enable the use of R3’s platform in the East Asian region.

R3 Entering New Frontiers

R3 announcedon January 30, 2019, that it would be partnering with SWIFT to link a Global Payments Innovation system through a Proof-of-Work (PoW) platform. Just a day before, on January…