• Buterin wants bitcoin-ether DEX
    People,  Technology

    Vitalik Buterin: Lack of bitcoin-ether bridge ‘embarrassing’

    In a candid tweet, the Ethereum co-founder said it was ‘embarrassing that we still can’t easily move between the two largest crypto ecosystems trustlessly’

    Ethereum co-founder Vitalik Buterin has called for a decentralized exchange to be built that enables swaps between bitcoin and ether. At present, those who want to convert their BTC into ETH, or vice versa, have little choice but to rely on centralized crypto exchanges, which often charge fees.

  • McAfee 2020 presidential campaign website
    People,  Politics

    ‘Don’t Vote McAfee’: A presidential ‘un-hopeful’ talks privacy and why the president is powerless

    Presidential candidate and controversial crypto enthusiast John McAfee spoke to Modern Consensus about the importance of privacy, DEXs and, of course, the Kennedy assassinations

    Before the presidential campaign, John McAfee had long been known in the crypto space for his contentious Twitter account, where he used to promote altcoins in between tweets about bitcoin’s price (with infamous phallic bets) and alternate history. Now, however, the altcoin promotions are off the table—but the conspiracy theory claims are definitely not—as McAfee gears up for a 2020 U.S. presidential campaign that has the catchy slogan, “Don’t Vote McAfee.”

  • The Financial Action Task Force (FATF) Plenary in session (via FATF).
    Regulation

    New customer identification rules pose a problem for cryptocurrency exchanges

    The Financial Action Task Force’s action requires strong customer identification, transaction monitoring and reporting

    The Financial Action Task Force (FATF) issued a final recommendation on June 24 that effectively forces all 38 member countries—and many others besides—to impose strict anti-money laundering (AML) requirements with substantial know your customer (KYC) data on cryptocurrencies that attempt to end the anonymity built into their DNA ever since Bitcoin.

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