Free Bitcoin 2020

Free Bitcoin 2020
Earn Free Bitcoin Daily in Internet 2020 Learn different ways to earn Bitcoins by completing simple tasks, Captcha’s and sell your Bitcoins for real money.

What is Bitcoin? Bitcoin is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was released as open-source software in 2009.
The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency.
Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services in legal or black markets.
Bitcoins in its pure essence is money. It is digital currency that serves the same functions and pu…

Centre Obliges Government Request, Freezes Address With $100,000 USDC

Centre Obliges Government Request, Freezes Address With $100,000 USDC

Centre Consortium has blacklisted an ethereum address holding $100,000 in USDC, a move that the entity says was “in response to a request from law enforcement.”

A joint venture between Circle and Coinbase, Centre is the issuer of the dollar-pegged USDC stablecoin, which runs on the Ethereum blockchain. It may be the first time that an address has been blacklisted.

According to a record of transactions on Etherscan, Centre called a “blacklist(address investor)” function on the address in question. The action effectively froze all the money in the address. It’s not clear who owns it.

Blacklisting means an address will no longer be able to receive or send USD Coin (USDC) through the stablecoin’s smart contracts, Centre explains on its website. All USDC balances held in blacklisted addresses may be lost forever, it adds.

“Centre can confirm it blacklisted an address in response to a request from law enforcement,” a Circle spokesperson, speaking on behalf of Centre, was quoted as saying by industry media.

“While we cannot comment on the specifics of law enforcement requests, Centre complies with binding court orders that have appropriate jurisdiction over the organization,” the spokesperson said.

Centre’s relationship with government authorities is something that throws into doubt the “myth” of decentralization commonly associated with cryptocurrency. It shows how heavily government whims have been imposed upon investors and exchanges.

This new wave of regulation poses a contradiction in that some of cryptocurrency’s strongest traits have always been privacy and autonomy.

Now, as Centre demonstrates, individuals looking to operate in an insular system, away from a central bank and state oversight, are increasingly confronted with new top-down demands, which include the freezing accounts.

However, the blacklisted address appears to have a shady history. A comment to the address alleges:

Hello unknown thief, you are in contact with this eth address 0xEeC84548aAd50A465963bB501e39160c58366692 and you stole 10,000 Loopring Coin (750 euros) from my wallet. I am now giving you a chance to send the 10,000 Loopring Coin back to me. You already know my [ethereum] address. If you do not do this, I will report you anywhere with your two known addresses.

Officials at Centre did not disclose the reasons that led to the blacklisting, as demanded by the law enforcement agencies.

What do you think about Centre blacklisting this address? Let us know in the comments section below.

The post Centre Obliges Government Request, Freezes Address With $100,000 USDC appeared first on Bitcoin News.

from Bitcoin News


Hot News

Free Bitcoin 2020

Defcon Speaker Discusses Liberating $300K Worth of Bitcoin From an Encrypted File