Taiwan Regulators Considering Allowing Convenience Stores to Facilitate Crypto to Cash Transactions
Yesterday, Taiwan’s financial regulator, the Financial Supervisory Commission (FSC) chairman, Wellington Koo, recommended that digital currency-related cash transactions be allowed “under daily limits”. Local crypto firms have advised that the maximum daily limit be “set at NT $100,000 (3,260 USD) to NT $20,000 (652 USD)”. Kao Shih-ching, a reporter from TaipeiTimes news stated:
"With appropriate risk-control measures, cash transactions of cryptocurrencies under daily limits could be allowed in convenience stores in Taiwan, Financial Supervisory Commission (FSC) Chairman Wellington Koo (顧立雄) said on Thursday."
Read more here
Pax Stablecoin Has Controversial Backdoor That Allows Paxos To Seize Funds
Recently, a member of the Ethereum community, John Backus, discovered a backdoor that gives Paxos the capability to freeze or seize tokens if they are required to do so by law, including by court order or other legal processes. Numerous stable coin projects have been announced and launched in the past year, including two which were approved by US regulators this month. One of those projects, Paxos (PAX), will be listed on Binance. Backus stated on his twitter:
"Wow, wtf? The PAX stablecoin gives **admin write access** to law enforcement. Basically, the government can FREEZE and BURN anyone's coins!"
Read more here
Ebang Launches New Line of Uber-Efficient Bitcoin Miners
Recently, the China-based Ebang Communication, one of the world’s largest manufacturers of application-specific integrated circuit (ASIC) chips for bitcoin miners, has unveiled the next generation of its flagship product line, complete with an upgraded chip that makes significant strides in energy efficiency. Ebang made the announcement at the World Digital Mining Summit in Georgia, stating that the Ebit Miner E11, E11+, and E11++ will be available for preorder soon. On their website, Ebang stated:
"It's because of it--EBANG brings Ebit E9 + +, E10 anded in Hangzhou.In anticipation, opened its mysterious veil:Independent developed 10nm chip, ideal hash rate can be 14TH/S and 18TH/S. High computing power, low power consumption, leading the industry pioneer.The whole scene was cheering for it."
Read more here
MJAC Conference
Dear users, it’s with great pleasure that we invite you to attend the MJAC blockchain conference.
Hosting the biggest and brightest blockchain leaders, the MJAC conference will be the perfect place to learn, network and discuss the future of the crypto industry.
The event counts with a long list of sponsors and media partners. You can count on a great variety of exhibitions booths and many prominent speakers. The list of speakers includes the founder of Atlas Neue and former CCO of Ethereum Stephan Tual, Circle’s European Legal & Business Director Claire Wells, Global CMO and EMEA Managing Director at Circle Marieke Flament, Ripple’s Head of European Regulatory Relations Dan Morgan, founder of Atlas Neue Cassius Kiani, Head of ICO Advisory at NKB Group Marina Titova, CEO and Co-founder of Coinfloor Ltd Obi Nwosu, and European Marketing Lead at Coinbase Joseph-Daniel Millwood, among many others.
The event will take place November 30th on Old Billingsgate, a historical event venue located in the heart of London.
Get your tickets here (use the CC30 discount code to get 30% off)