Most Americans are against a digital dollar CBDC, survey reveals

U.S. citizens appear to be opposed to a digital dollar despite expressing concerns over the existing financial system. A new study by crypto mining firm Genesis Mining suggests the majority of U.S. citizens are against the introduction of a Central Bank Digital Currency. A survey conducted by Genesis mining discovered that out of the 400 participants, less than 25% agreed to the proposition that the government should abandon paper money in favor of a digital dollar, while more than half were opposed.  However, the number of CBDC proponents has nearly…

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Upstart Bitcoin Cash challenger BCHN gains miner majority ahead of fork

The Bitcoin Cash community appears to be signaling support for the upcoming BCHN fork, with 82% of hash power supporting the implementation. The potential Bitcoin Cash fork in November is looking increasingly likely, with 63% of the last 1,000 BCH blocks being mined using the community’s breakaway Bitcoin Cash Node (BCHN) implementation. BCHN appears to be ahead on multiple fronts. According to data published by Coin Dance, in total, roughly 82% of the hashrate on the Bitcoin Cash network are currently signaling support for BCHN, following recent support from the…

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How many DeFi projects still have ‘God Mode’ admin keys? More than you think

The vast majority of DeFi projects still have the ability to enter ‘God Mode’ and unilaterally make changes to pretty much everything. Twelve out of 15 of the most popular decentralized finance protocols still have access to a ‘God Mode’ admin key, according to data on review platform DeFi Watch. These full-access controls allow developers to modify or replace the smart contracts underpinning their projects, including making adjustments to user balances. While admin keys have been justified as a way to protect users’ funds and are often used with security…

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Major Indian exchange proposes new regulatory framework to avoid crypto ban

The proposal hopes to avert a blanket ban that some warn would result in the illegal trade of cryptocurrencies Major Indian cryptocurrency exchange BuyUCoin has developed a framework to regulate cryptocurrency in India that it claims has the support of “all the Indian cryptocurrency stakeholders”.  However, it is not clear yet which stakeholders helped develop the framework, or ‘sandbox’, which will be officially released on October 2. BuyUCoin, which has more than 350,000 users and handles billion-dollar transactions, described the framework as a draft set of community driven rules, propositions…

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Dave Portnoy meets Pomp: ‘Bitcoin is just one big Ponzi scheme’

Famous day trader Dave Portnoy says he misses crypto in a candid interview with Anthony Pompliano. Popular day trader and founder of Barstool Sports Dave Portnoy revealed that he bought $1.25 million worth of Bitcoin even though he thinks its “just one big Ponzi scheme” in an interview with crypto podcaster Anthony Pompliano. Portnoy summed up his view of crypto trading as: “You get in, and you just have to not be the one left holding the bag.” The sport and pop culture celebrity, whose day trading exploits have become…

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Chainlink up 30% following six-week downtrend and developer selloff

A Chainlink developer address appears to have been offloading tokens and putting downward pressure on prices. But things are looking up. Following a six week downtrend from its all-time high, LINK has rebounded 30% in the past 24 hours after a reported developer selloff resulted in downward pressure on the oracle protocol token’s price. The strong rebound in the Bitcoin price, a sea of green among DeFi coins and a new Chainlink partnership announcement have all contributed to the price increase. Chainlink’s native token had fallen over 60% from its…

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You can now trade on Uniswap without leaving Twitter

Mask Network has launched a widget allowing Twitter users to trade on Uniswap without leaving the social platform. Mask Network has launched a trading widget allowing Twitter users to access market data and trade Ethereum-based crypto assets without leaving the platform. Powered by Uniswap and CoinMarketCap, the new Mask widget brings up a window featuring market data and an interface for trading on Uniswap when users hover the mouse pointer over crypto asset tickers in posts. In a Tweet thread announcing the new widget on September 24, Mask Network (formerly…

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Mandatory KYC verification may contradict privacy laws in South Korea

Will this legal contradiction be resolved before the deadline? With the South Korean government preparing to implement know-your-customer (KYC) and anti-money laundering (AML) compliance processes, there is confusion among legal experts as to whether the requirements contradict other laws. According to Digital Today, the new requirements would contravene the existing Personal Information Protection Act, which stipulates that local companies cannot legally request social security numbers. The measure also cover financial institutions, however they can request it under exceptional circumstances, such as for major banking transactions. The Enforcement Decree of the…

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Finance Redefined: Uniswap’s bang ends in whimper, Sept. 16-23

DeFi users got a fat stimulus check, but Uniswap’s token fell short of the community’s inflated expectations. The biggest event of this week was definitely the sudden release of Uniswap’s token, UNI, which enriched many DeFi users by at least $1200 each. Uniswap gave 400 of its tokens to anyone who had ever traded with the protocol, even if the interaction somehow failed. And by “anyone” I mean “any wallet” — some people almost certainly got more than one such allocation by having multiple wallets. Sadly, I wasn’t one of…

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Coinbase wallet users targeted by new Android malware

This alien doesn’t care about taking over the Earth, but it may steal your Bitcoins and dollars. A newly discovered trojan, known as Alien, is attacking crypto apps on Android phones, including Coinbase, Blockchain.com, and Luno. This new malware strain is based on the notorious Cerberus trojan, which wreaked havoc in the Google Play store until the team responsible became complacent. Lack of continued distribution allowed Google Play Protect to almost completely eradicate Cerberus by August 2020. Alien targets 226 Android apps, mostly geared toward the banking industry. In addition to stealing…

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