Why Binance.com.au is Now Delivering Flowers

Leading cryptocurrency exchange Binance has lost a dispute over the domain name ‘binance.com.au’ to an Australian florist trading under the name Binancé. On June 17, the World Intellectual Property Organization (WIPO) denied a complaint filed by the exchange in April, finding that Binance had “not discharged its onus of demonstrating the Respondent does not have rights or a legitimate interest in the disputed domain name.” WIPO concluded that “no good purpose would be served by addressing” the exchange’s request at this time, ruling in favor of the florist’s claim to…

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Julian Assange Extradition and the Freedom of Bitcoin – Bitcoin Magazine

WikiLeaks founder Julian Assange is currently being held on remand in a London maximum-security prison, solely on the basis of a U.S. extradition request. Assange has been charged with 17 counts of espionage related to WikiLeaks’ 2010 to 2011 publications concerning the U.S. wars in Iraq and Afghanistan, embarrassing U.S. diplomatic communications and evidence of torture in the Guantanamo Bay detention camp. Assange’s U.S. extradition case is recognized by free speech groups as the most important press freedom case of the 21st century. As the aggressive judicial overreach of this…

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Jim Rogers Discusses Bitcoin as Money and Why Governments Will Stop Crypto

Jim Rogers, who cofounded the Quantum Fund with billionaire investor George Soros, has shared his view on bitcoin, its use as money, and governments’ response to the growing use of cryptocurrency. He predicts that central banks will not let uncontrolled money be used. Jim Rogers Talks Bitcoin Famous investor Jim Rogers shared his prediction about the future bitcoin and cryptocurrency in an interview with Asahi Shimbun Singapore branch manager Koji Nishimura, published on Friday. Rogers cofounded the Quantum Fund in 1973 with billionaire investor George Soros, which was considered one…

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Ethereum Update Indicates 2.0 Still Coming Along

A recent post on Ethereum’s blog shows the network’s version 2.0 is still coming, noting several developments since its last update. “Aside from written updates […] and other public summaries, client teams, contributors, and community members/prospective-validators have been busy,” said a June 23 post on the Ethereum blog. Ethereum 2.0 still en route A long time coming, Ethereum 2.0, or ETH 2.0, still has not yet gone live with the network’s transition into proof-of-stake, or PoS, consensus.  The network’s blog posted its 12th ETH 2.0 update recently, stating a team…

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Bancor’s Bug Exposes Dangerously Common Practice in Ethereum DeFi

A vulnerability discovered on Bancor on June 18 would have allowed hackers to simply drain the funds of anyone who interacted with its smart contracts. The exploit relied on the concept of withdrawal authorization, introduced in the ERC-20 standard. This allows various Ethereum (ETH) DApps to automatically withdraw money from users’ wallets. As Oded Leiba, a research engineer at ZenGo, wrote, the fund withdrawal function on Bancor’s smart contract was mistakenly set so that anyone could call it. Bancor acted preemptively to “steal” user funds before malicious parties could intervene.…

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CryptoAltum, The CFD Trading Platform With 1:500 Leverage

CryptoAltum, a popular MT5 platform, executes trades using market execution with all trades filled at the best available price in the market. The company uses Fill or Kill orders meaning orders are filled entirely at the best available price, with no partial fills and a 100% execution rate. Fills All Trades Automatically The company fills all trades automatically with no dealing desk intervention. Traders can enter and liquidate positions at any time. The maximum amount of open orders users can have on their accounts include having up to 200 open…

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Proof-of-Work vs. Proof-of-Stake for Scaling Blockchains

Most people in the cryptocurrency world are aware that network validation often comes in one of two forms: proof-of-work or proof-of-stake. There are others, but these systems are common and power many of the most popular blockchains. They take the same basic problem — verifying transactions — and solve it in unique ways. However, both offer different solutions to the ongoing debate over scaling. Does one have a true advantage over the other, or are they just different philosophies? We’ll take a look at both.  Proof-of-work, explained Most people have…

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SBI Ripple Asia CEO Expects Greater ODL Expansion into Asia by 2021

Asia may be the next proving ground for crypto firm Ripple to reach with its cross-border payments corridor. In a June 18 interview on the YouTube channel Thinking Crypto, Adam Traidman, CEO of SBI Ripple Asia—a subsidiary of Japanese financial services giant SBI Holdings—said Ripple has started to roll out its On-Demand Liquidity (ODL) solution in Asia.  According to Traidman, SBI Ripple Asia has started “limited trial and pilot projects” with various companies for Ripple’s payment corridor, with greater expansion forecast for 2021. “I expect that probably later this year,…

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New Zealand Police Seize $91 Million From Russian Bitcoin Exchange Operator

Police in New Zealand confiscated NZ$140 million ($91 million) from Russian bitcoin exchange operator Alexander Vinnik. Vinnik is the alleged owner of the collapsed BTC-e exchange. The funds were seized from bank accounts held by Canton Business Corporation, a New Zealand-registered company managing the exchange. Police said on Monday it is the biggest seizure in the history of the force. Vinnik is accused by U.S. prosecutors of laundering billions of dollars for criminal syndicates through the platform. He denies the charges. He was arrested in Greece in 2017 while holidaying…

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