Category: Bitcoin Wallets

Credit Card & Paypal Details Exposed on Darknet; Importance of Financial Privacy

Exposure of cases involving the theft of credit card details or financial services accounts is demonstrating the importance of financial privacy and freedom. As anonymous cryptocurrency Monero lead developer Riccardo Spagni stated in his presentation at Coinbase headquarters, financial privacy and security are important for the general population. The only issue is that the vast majority is struggling to see the necessity of it just yet. There are a few …
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Users Outrage Over Xapo Bitcoin Platform’s Impractical KYC Processes

Xapo, a widely utilized bitcoin wallet platform and service provider has been criticized for its impractical Know Your Customer (KYC) policies in recent weeks. Users reported various infeasible situations when depositing and withdrawing funds to their bitcoin wallets. Over the past few years, Xapo has established an active user base with a simplistic and user-friendly application, bitcoin vault service, and bitcoin debit card. As the platform grew larger in size, the …
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European Commission Proposes the Creation of a Bitcoin User Database

The European Commission, a branch of the European Union, has proposed the creation of a centralized database of Bitcoin users, their identities, wallets and financial operations.  The directive seeks  to prevent the use of the cryptocurrency to finance terrorist movements and their operations. According to the proposal, financial intelligence units (FIUs) will have access to this centralized database. If the proposal gains enough traction members of the European Union will have to …
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Coinbase Enables Credit and Debit Card Bitcoin and Ether Purchases from Australian Customers

Coinbase, The Digital Assets Company, is now accepting credit and debit card bitcoin purchases from Australian Customers. The company has been looking to expand its operations in new countries. The company has announced in their corporate blog the inclusion of Ethereum and Bitcoin buying services to Australian customers: We’re focused on creating an open financial system for the world, allowing people to easily buy and sell digital currencies anywhere in the …
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