Report: Binance Discussing Subsidiary in South Korea

Major cryptocurrency exchange Binance could launch a cryptocurrency exchange subsidiary in South Korea, Block In Press reports. So far, however, the exchange has remained tight-lipped. Binance CEO Changpeng Zhao (CZ) told the news outlet that there’s nothing concrete to announce at the moment but confirmed that the exchange was working with local partners. But an…

BitMEX Research Confirms Lightning ‘Justice’ Works

The Lightning Network, as Bitcoin’s second layer for instant payments and greater transaction privacy, requires a matching degree of security robustness. However, due to the differences in its architecture from Bitcoin, the means to guarantee the honesty of participants can’t rely on the same Nakamoto Consensus design. The intricacies of payment channels and network synchronization…

First City in Canada to Trial Bitcoin Tax Payments

Canadian citizens in the city of Richmond Hill will soon have the choice to pay their municipal taxes in bitcoin. In partnership with Coinberry exchange, Richmond Hill is the first city and the second Canadian municipality to offer the option. Innisfil, a town of 36,000 just outside of Toronto, announced its own year-long trial in…

BTCPay Server Launches Tor Crowdfunding Campaign

In a show of open-source solidarity, the trustless Bitcoin payment processor BTCPay Server is launching a crowdfunding campaign for the privacy-preserving Tor browser, a fundraise which, its benefactor hopes, will demonstrate the impact of bitcoin-based fundraising and the community’s support for open-source initiatives. BTCPay Server began as a project to offer people a self-hosted, feeless…

Bitcoin Magazine’s Week in Review

Bitcoin Magazine‘s Week in Review brings you the most critical, interesting and popular news stories affecting Bitcoin this week. Regulation Canadian Government Releases Final AML Regulations for Crypto Businesses The government of Canada introduced its final AML regulations on July 10, 2019. The new regulations will impact exchanges, digital platforms, custodial wallets, ICOs, utility and…