New FCC Rules Could Block Your E-Wallet
On June 14, a three-judge panel of the D.C. Court of Appeals rendered a surprise 2-to-1 decision that handed the Federal Communications Commission (FCC) complete authority to enforce Net Neutrality. FCC as a ‘Social Regulator’. It was a surprise because only a partial FCC victory was predicted. But, as the Mercatus Center’s tech expert Brent Skorup....
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The Bitcoin Core development team released version 0.1 of its wallet software packages for all platforms this morning. The wallet was made available via the BitTorrent protocol, specifically to better serve regions of the world where Bitcoin.org official servers are either banned or hard to access. Among the goodies bundled in the new release were faster block transfer and a new way of setting transaction fees (details follow). Faster Block Chain Sync. The new wallet drastically improves the speed of the initial block chain synchronization. This method is called "headers first," and....
Nicolas Cary, CEO of Blockchain (not to be confused with the bitcoin block chain), has taken to the Twitter-waves to tease the company's brand-spanking-new Blockchain Wallet application for Apple iOS devices. "Reddit asks. Reddit gets," Cary's tweet read with a sneak peak screenshot: Cary's tweet today comes just a couple of weeks following Apple's reveal of iOS 8 - the latest iteration of the company's mobile operating system. Shortly after the company seeded the software beta to developers, they released an amended list of App Store rules. In those rules, community members almost....
The Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Treasury Department, has unveiled its proposed rules on transactions involving cryptocurrency wallets. Experts in the crypto community have weighed in on what the new proposed regulation means, what crypto owners should do, and which wallets are affected. FinCEN’s New Rules for Crypto Wallets The U.S. Department of the Treasury announced Friday that the Financial Crimes Enforcement Network (FinCEN) has proposed new rules “aimed at closing anti-money laundering regulatory gaps for certain convertible virtual....
Coinbase, the bitcoin wallet and exchange payment processor, has announced that it will begin processing off-block chain microtransactions. These transactions will be free for users, and once a user has accumulated 0.01 BTC they can withdraw funds, which then incurs the normal block chain fees. The new microtransactions are handled internally at Coinbase and are instant. For instance, you can even send a unit as small as a Satoshi (0.00000001 BTC). This will be a useful feature for Coinbase users because while miner's fees are relatively low for most transactions, they become significant....
The UK Treasury has said that it won’t seek to impose anti-money laundering (AML) rules on digital currency wallet providers in a bid to avoid overburdening those services. The remarks were issued last week in a report that detailed the UK government's plans to tackle money laundering and terrorist financing risks more broadly. According to the report, the UK Treasury plans to bring digital currency exchange firms "into anti-money laundering regulation", reinforcing plans first announced last year. However, an outstanding question at the time related to whether these rules would....