SEC Calls Out Status of Telegram’s TON, Doubting Development

Telegram lawsuit update shows the SEC bashing TON’s blockchain development and lack of Gram token use cases. In the latest from U.S. Security and Exchange Commission’s (SEC) ongoing lawsuit against Telegram for its offering of Gram tokens, the commission bashes the messaging service’s blockchain and related token. In a lengthy filing with the court of the Southern District of New York the SEC responded to Telegram’s earlier motion for summary judgment. In it, the SEC disparaged the Telegram Open Network (TON) — Telegram’s blockchain — as well as the operation’s…

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Jack Dorsey’s Square Awarded Patent for Real-Time Crypto-to-Fiat Swaps

Financial services and mobile payment company Square gets a patent to turn fiat into crypto in real-time point-of-sale transactions. Financial services and mobile payment company Square thinks it has found a way to turn fiat into crypto in real-time point-of-sale transactions.  How it works  On Jan. 21, the United States Patent Office awarded Square a patent for a technology that the team argues cracks a present barrier in merchant transactions:  “All cryptocurrencies face the same drawback in that they are not widely accepted. Presently, cryptocurrencies, like bitcoin, are not accepted…

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Is Samsung About To Partner With This Crypto Startup?

We can’t officially confirm it, but a credible source suggests yes. It’s funny what business leaders can and can’t tell the press. Cointelegraph caught up with Alexander Drummond, co-founder of crypto-enabled payments company GatePay, at the 50th edition of the World Economic Forum in Davos, Switzerland this week. Drummond was one of several crypto entrepreneurs presenting his company on stage at the CV Labs event on Tuesday. Drummond’s pitch for GatePay goes something like this: retail customers should be able to pay for products with any means of exchange they…

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2019 Saw Most Exchange Attacks Ever, With Hackers Becoming More Savvy

As cryptocurrency exchanges beef up their security to defend themselves against cyberattacks, hackers are responding in kind by amping up their techniques — and the data shows that they’re finding success. Cryptocurrency exchanges faced more successful attacks in 2019 than in any other year since bitcoin began trading on public exchanges in 2011, according to data compiled for a recent report from blockchain analytics firm Chainalysis. While the 11 attacks recorded in 2019 nearly doubled those conducted in 2018, the total damage ($282.6 million stolen in cryptocurrency in 2019 versus…

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Davos: Giancarlo’s Digital Dollar Project Will Focus on Benefits of a US CBDC

Former CFTC chairman J. Christopher Giancarlo has some new remarks regarding his Digital Dollar initiative, speaking in Davos. The former chairman of the United States Commodity Futures Trading Commission (CFTC) has some new remarks regarding his Digital Dollar initiative, speaking in Davos. On Jan. 22, Ex-CFTC chairman J. Christopher Giancarlo confirmed that the Digital Dollar project will consider the advantages of a United States’ central bank digital currency (CBDC), according to written remarks for a Davos event hosted by industry media outlet The Block. At the event, Giancarlo is scheduled…

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India Central Bank Says It Hasn’t Banned Crypto

India’s central bank, RBI, says it banned regulated crypto offerings, not overall cryptocurrency usage in the country. The Reserve Bank of India (RBI) said regulated entities cannot offer crypto assets in the country, but that does not equate to an overall digital asset ban. In a Jan. 21 article, The Economic Times of India cited a document the RBI submitted to the country’s supreme court in September, which said: “Firstly, the RBI has not prohibited VCs (virtual currencies) in the country. The RBI has directed the entities regulated by it…

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Telegram CEO: Apple’s iCloud Is “Now Officially a Surveillance Tool”

Pavel Durov, founder and CEO of cloud-based messenger Telegram, says that Apple’s cloud service iCloud is “now officially a surveillance tool.” Pavel Durov, founder and CEO of major encrypted messenger Telegram, argues that Apple’s cloud service iCloud is “now officially a surveillance tool.” Citing a Jan. 21 Reuters report, Durov claimed that applications like WhatsApp — which rely on iCloud to store private messages — are “part of the problem.” Telegram CEO delivered his verdict in a post on his official Telegram channel on Jan. 21: “iCloud is now officially…

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Price Analysis Jan 22: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XLM, ADA

Traders are taking a break after the most recent volatility which suggests that most major cryptocurrencies will remain range-bound for the next few days. Recently Hiromi Yamaoka, the former head of payments and settlements at the Bank of Japan, said that Facebook’s Libra has forced central banks to research and consider issuing central bank digital currencies (CBDC). Currently China is leading the race in developing a CBDC but it appears that other nations are now attempting to play catch up. In a press release, the Bank of England said that…

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Venezuelans Selling Petro on LocalBitcoins at Half the Official Price

Around 6 to 8 million Venezuelans were airdropped half a Petro each by the government, with many trying to sell it for half the official price. Venezuelans are reportedly selling the state-launched Petro (PTR) cryptocurrency that was airdropped to them recently. Though the government claims to have fixed the value of one PTR at $60, the market price on LocalBitcoins is reported to be only half of that. According to a Reddit thread, Venezuelans are turning to LocalBitcoins to sell their airdropped Petro amid disastrous economic conditions. This follows an…

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As Australia Burns, Cointelegraph and Oxygen Seven Raise Relief Funds

As megablazes ravage Australia, Cointelegraph and Oxygen Seven have partnered in a Bitcoin fundraising effort. As megablazes ravage Australia, destroying vast amounts of land and wildlife, Cointelegraph and Oxygen Seven have partnered in a Bitcoin fundraising effort to benefit recovery efforts in the country. Fighting fire with fundraising The announcement between Cointelegraph and Oxygen Seven came last week. Through a page on Cointelegraph’s website, users can make anonymous or attributed donations in Bitcoin. The Bitcoin wallet address belongs to Oxygen Seven, which in turn is contributing all of the funds…

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