See Also
ELI5 : What is Proof of Trust (PoT)?
Proof of Trust is a consensus mechanism where users “stake” the trust they’ve earned in a network in order to verify cryptocurrency transactions. In a proof of trust system, users will earn a virtual value called “trust” every time they acquire a role in the ecosystem. A highly trusted node will be able to verify […]
2014 Bitcoin and Altcoin Hacks [Part 6]
This article is part of our complete guide to Bitcoin and altcoin hacks. Here we cover Bitcoin and altcoin security incidents from the year 2014. MintPal In July 2014 Mintpal, a popular altcoin exchange at the time, got hacked and over 10,000 BTC worth of VeriCoin was stolen. Later that year over 3,700 BTC also […]
Brazil’s second highest Court rules that banks can unilaterally close cryptocurrency-related accounts
Brazil’s second highest Court, STJ, has decided in favor of Itaú Bank in a lawsuit started against them by Mercado Bitcoin, one of Brazil’s largest and oldest Bitcoin exchanges. Itaú’s defense argued that KYC and anti-money laundering regulations gave them the necessary powers to close accounts which they, unilaterally and at their sole discretion, decide […]
What is the difference between digital money and cryptocurrencies?
Cryptocurrencies are a form of digital money, but what we normally understand as digital money is represented in fiat currency. For instance, prepaid cards, virtual credit cards and other forms of digital money are simply fiat money deposited into some account under a traditional banking institution. Parents, for instance, can load up their children’s cards […]