This week’s top story is about a Bitcoin trading platform that offers no sign-up and a frictionless Know-Your-Customer (KYC) process.
With TDXP, deposit funds are waived to start trading. No need to wait multiple business days for a digital currency to execute a trade unlike the traditional process. It only takes custody upon the execution of the trade.
TDXP leverages the instant transaction capability of Bitcoin to do so. It is an application that understands the transparency, accountability and payment capabilities of Bitcoin.
Meanwhile in the U.S., prosecutors say Ethereum developer Virgil Griffith knew he was helping North Korea evade sanctions.
Griffith was arrested a year ago at the Los Angeles International Airport in California after attending a conference in North Korea. He allegedly “provided highly technical information to North Korea,” knowing that this information could be used to help the country launder money and evade sanctions.
Prosecutors have argued against his defense’s attempts to dismiss the case, saying he knowingly and willfully broke the law with his actions.
Griffith was charged for violating the International Emergency Economic Powers Act (IEEPA). He was released on a US$1 million bond in January 2020, and faces up to 20 years in prison if convicted.
Vacation rental giant Airbnb is planning to integrate blockchain technology and digital currency.
Despite its previous rejection of digital currencies, Airbnb is exploring several applications of the blockchain technology.
The filing of its IPO prospectus filed with the U.S. Securities and Exchange Commission (SEC) shows Airbnb may be changing its mind. Airbnb is among a number of international companies to begin accepting digital currencies in the wake of the pandemic like payments firm Paypal.
This week, the very first episode of CoinGeek Backstage premieres on Streamanity. The episode features CoinGeek Historian Kurt Wuckert Jr. chat with Bitcoin Association Founding President Jimmy Nguyen. Also in the episode, Patrick Thompson interviews economist, writer, investor and technology visionary George Gilder.
New to Bitcoin? Check out CoinGeek’s Bitcoin for Beginners section, the ultimate resource guide to learn more about Bitcoin—as originally envisioned by Satoshi Nakamoto—and blockchain.