Anypay Disables BTC Payments, Tether to Algorand, FinCEN Wants Social Media to Monitor Crypto

TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto news update. Anypay disables BTC payments. Scammers impersonate crypto journalists to ask for money in exchange for coverage. Tether launches on the Algorand blockchain. FinCEN talks about social platforms promoting crypto and AML measures. CrazyCalm CBD coffee donates $500 to EatBCH, and LocalCryptos decides which crypto to list with a community vote.

Anypay Disables BTC Payments

Steven Zeiler, CEO of Anypay, one of the most important cryptocurrency POS systems in Thailand, decided to withdraw BTC from the list of its supported currencies. Another video shows BTC being double-spent using a common wallet through the Anypay platform after a similar example surfaced recently. Zeiler declared BTC was “worthless” for payments and stated Anypay would not support BTC payments going forward until further notice. He explained, “this cannot happen with the other coins on our platform because there is no replace by fee feature.”

Scammers Impersonating Cryptocurrency Journalists, Asking Money for Coverage

Scammers are now impersonating cryptocurrency journalists, asking for money and offering articles and coverage of specific crypto projects in return. CoinDesk, a recognized cryptocurrency news site, alerted readers of the new scam. Scammers claim to be CoinDesk’s Executive Editor Marc Hochstein, ask for money in advance of writing an article about a cryptocurrency project, and went as far as forging fake passports and creating invoices to make the scheme credible.

Tether Launches USDT on Algorand

Anypay

Tether, the stablecoin company, launched its USDT coin on Algorand, yet another blockchain in which the popular cryptocurrency will be available. This is the latest jump for the token after also being launched on TRON last year. According to the official announcement, USDT on Algorand will have confirmation times as low as 4 seconds and super cheap fees. “Our latest collaboration with Algorand leverages the speed and security of Algorand’s protocol to give traders fast settlement and reduced counterparty risk in their fiat to digital asset transactions,” Tether CTO Paolo Ardoino explained.

FinCEN Wants Social Platform Surveillance on Cryptocurrency

Anypay

Jamal El-Hindi, the deputy director of the Financial Crimes Enforcement Network (FinCEN), called for social media to be vigilant about any cryptocurrency-based illegal uses happening on their platforms. El Hindi stated at the SIFMA 20th Anti-Money Laundering (AML) Conference in New York, “Social media and messaging platforms and others now focusing on the establishment of cryptocurrencies cannot turn a blind eye to illicit transactions that they may be fostering. The industry will have to develop its new products… to ensure appropriate transparency for law enforcement.”

CrazyCalm CBD Coffee Donates $500 to EatBCH

CrazyCalm CBD Coffee, a cryptocurrency friendly coffee company, donated $500 to the EatBCH initiative in Venezuela and South Sudan as part of its launch promotion. The company arranged to donate $5 for every coffee order to the non-profit initiative whose objective is to feed the needy in poor locations around the world (led by “José“). To aim for transparency, each one of the first 100 buyers received a direct link on the blockchain to show the contribution made with orders.

LocalCryptos Starts Community Vote to List New Currency

Anypay

LocalCryptos, the platform previously known as LocalEthereum, is preparing to add a new currency to its supported roster. The P2P cryptocurrency market is now hosting a community vote to decide which currency will be included between Dash, Litecoin, and EOS. The three were selected due to being in November of 2019 as being on LocalCryptos’ shortlist. The winning cryptocurrency will be added to LocalCryptos as its third listed currency, as the platform only supports BTC and ether right now.

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