Facebook Wins, Facebook Losses, and More Security News This Week

The Facebook breach, 3-D printed guns on Broadway, and more security news this...

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Proposed Crypto Mining Moratorium Rejected by County in Montana
Sep30

Proposed Crypto Mining Moratorium Rejected by County in Montana

Montana’s second most populous county, Missoula County, has rejected the proposal for a moratorium on cryptocurrency operations. The proposal was first presented at a public hearing in June but was postponed for three months. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Proposed Crypto Moratorium Rejected Missoula County’s board of commissioners held a public hearing Thursday to...

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BTC: 36% in Circulation Lost, 23% Held by Speculators, US Tax Authority Monitoring
Sep30

BTC: 36% in Circulation Lost, 23% Held by Speculators, US Tax Authority Monitoring

Two research firms released compelling data on the state of Bitcoin Core (BTC). Chainalysis revealed 36% of BTC in circulation is lost, likely lost, or unmined. The percentage of BTC held by speculators is 22%, while investors accounted for a steady 30%. The United States government, and especially its Internal Revenue Service (IRS), reportedly account for 20% of spending ($5.7 million out a collective total of $28.8 million) for...

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New POS Terminal by Pundix Allows Nigerians to Make Purchases in Bitcoin
Sep30

New POS Terminal by Pundix Allows Nigerians to Make Purchases in Bitcoin

Indonesian cryptocurrency and payments company Pundix has introduced a point of sale terminal at a shop in Nigeria, allowing people in the West African country to make purchases using cryptocurrency, including bitcoin. The move is seen as key to scaling up cryptocurrency adoption and development in Africa’s biggest bitcoin market. Also read: Payments Platform Wirex Launches Iban For Spanish and French Users, Doubles Account...

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SEC, CFTC, FBI Take Action Against Bitcoin-Funded Securities Dealer 1Broker
Sep30

SEC, CFTC, FBI Take Action Against Bitcoin-Funded Securities Dealer 1Broker

Three U.S. agencies have taken action against international bitcoin-funded securities dealer 1pool Ltd., aka 1Broker. The Securities and Exchange Commission (SEC) says 1Broker violated federal securities laws. The Commodity Futures Trading Commission (CFTC) says it violated the Commodity Exchange Act. Meanwhile, the company says it is working on letting customers withdraw their funds. Also read: 160 Crypto Exchanges Seek to Enter...

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