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BNB Jumps on New Binance Project, Venus, Announcement
19.8.2019
Source: Binance, Instagram
Binance coin (BNB), the native token of major cryptocurrency exchange Binance, jumped by more than 3% in two hours following the announcement that the company "plans to initiate an open blockchain project, Venus."
At pixel time (07:20 UTC), BNB trades at c. USD 28.92....
US and Swiss Regulators to Talk 'Complicated' Libra Subject This Week
19.8.2019
Six members of the American House of Representatives’ Financial Services Committee are traveling to Switzerland this week for talks on Facebook’s forthcoming Libra token and “other cryptocurrency projects.”
The group will meet Swiss regulators later this week, and will be led by committee...
The Road of the Bitcoin Family: ‘We’re Spending Bitcoin for 2.5 Years’
18.8.2019
The Bitcoin Family. Source: Instagram, thebitcoinfamily
The Bitcoin Family of five (Didi and Romaine Taihuttu, and their children Joli, Juna and Jessa) are on the road again. But why and how it all started? What have they learned along the way?
This is what Didi told us.
Cryptonews.com: In February...
Digital Piggy Banks And Books: How Crypto Industry Targets Kids
18.8.2019
While there are not many things that everyone in the cryptocurrency community can agree on, there is a shared belief that decentralized digital currencies will play an integral role in the future of money. As a result, a handful of companies are building their business on products that aim...
War For Control Over Money: How Can Governments Respond to Crypto?
17.8.2019
Governments have never really been big fans of crypto. Sure, the odd finance minister and president has praised blockchain technology or even cryptocurrencies themselves on the rare occasion, but generally the overall mood has been one of suspicion and even outright hostility.
And now, with...
20 Crypto Jokes on the Way Back to USD 20K per Bitcoin
17.8.2019
This week in Bitcoin news: BTC dropped to USD 10.5K, while Ether and XRP remained steady and BCH rallied, then it dropped below USD 10K, then it went above USD 10K...This happened a few more times. Your first visit to the Cryptoworld? No need for a heart attack, this is normal around here....
Want to Buy ‘Virgin Bitcoin’? Be Ready to Pay 20% More, Says CEO
16.8.2019
Buyers of so-called "virgin bitcoins" are paying up to 20% more for coins with no transaction history, Flex Yan, CEO of Babel Finance, a Hong Kong-based crypto financial services company, claims.
In a recent opinion piece, published by Bitcoin Magazine, he said that demand for the virgin coins...
'Learn From My Mistakes,' Says BBC Reporter Who Lost GBP 25K in Crypto
16.8.2019
Monty Munford. Source: Twitter, @montymunford
The Cryptoverse witnessed yet another story of man meets crypto, man buys crypto, man makes a single mistake, crypto gets stolen.
Monty Munford, reporter for BBC, the Economist and the founder of tech consultancy MOB76 shared with the world in...
Ponzi Accused of USD 2B Heist & BTC Crash, Analysts Disagree
16.8.2019
In the past couple of days, the Cryptoverse was filled with discussions about an alleged Chinese ponzi scheme selling bitcoin and causing a crash, but according to cryptocurrency analyst group TokenAnalyst, that may not be the reason.
Dovey Wan, a founding partner of California-based investment...
Bitcoin and Altcoins at Continued Risk of Weakness
16.8.2019
After a strong decline, bitcoin price recovered above the USD 10,000 resistance level. BTC/USD even traded above USD 10,150, but it struggled to gain strength above USD 10,350 and USD 10,400. As a result, the bears took back control and pushed the price back below the USD 10,000 support level....
Binance Removes US Resident Ban, Plans US Launch in "a Month or Two"
16.8.2019
Source: a screenshot, Instagram/Binance
As Binance CEO confirmed that its American branch will open within “a month or two,” the exchange also appears to have removed the previously reported ban for U.S. residents on its main trading platform.
In an interview with Cheddar on Thursday, Binance...
Coinbase to ‘Store 5% of all the BTC in the World’ Following Xapo Deal
16.8.2019
Brian Armstrong, CEO of Coinbase. Major American cryptocurrency exchange and wallet Coinbase has bought the custody interests of Xapo, a company famous for stashing its rich clients’ crypto holdings in a secret Swiss former military bunker, located underneath a mountain.
Coinbase paid USD...
Crypto Exchanges bitFlyer, GMO Coin Branch Out into Property, Sport
16.8.2019
GMO Coin has teamed up with professional football club FC Ryukyu. Japanese cryptocurrency exchanges are looking to expand the scope of their activities – venturing out into the world of sport and real estate.
Sumitomo Mitsui Trust Bank, the banking arm of the Sumitomo Corp. business empire,...
Are Decentralized Autonomous Organizations Back?
15.8.2019
Despite the infamous ‘The DAO’ hack, which somewhat tainted the name of decentralized autonomous organizations, DAOs have been witnessing a resurgence in the past twelve months.
At least this is what Circle Research analysts claim in their 2Q2019 Crypto Retrospective Report.
A decentralized...
Ripple Gives Away USD 263M in XRP that Lost 27% of its Value this Year
15.8.2019
Source: iStock/isa_ozdere
Xpring, Ripple’s investment vehicle, said it made a XRP 1 billion (USD 263 million) grant to the in-browser payment processing startup Coil.
The goal of this grant is two-fold: drive the adoption of XRP and improve Coil’s business model so to enable the creators...
Why US BTC ETFs Matter if ‘No One Cares’ About European ETNs and ETPs
15.8.2019
As a new round of decisions by the U.S. Securities and Exchange Commission (SEC) on bitcoin-backed exchange traded funds (ETFs) is expected in the coming months, questions are now being asked on why it even matters.
In an interview on Bloomberg TV on Wednesday with Hunter Horsley, CEO of Bitwise...
Bitcoin As a Safe Haven Case Still Lacks Proof
15.8.2019
As the global markets went down, discussion have been lead about bitcoin (BTC) as a safe haven – with many not believing it to be so.
As bitcoin climbed while stocks were falling, some in cryptoverse argued it was acting like a safe haven in a manner similar to gold, while others denied that...
What to Do if You Just Got a Crypto Tax Letter from the IRS
15.8.2019
Have you just woken up to find a letter from America’s top tax authority, the Internal Revenue Service (IRS) in your mailbox, asking you to pay tax on your crypto earnings… and come to the sad realization that you’re not having a nightmare?
Scores of American cryptocurrency traders have received...
Bitcoin and Altcoins Breakdown Could Trigger Additional Losses
15.8.2019
This week, we saw a steady decline in bitcoin price below the USD 11,200 and USD 11,000 support levels. Yesterday, we discussed the chances of bearish continuation below the USD 10,500 support area. BTC/USD did move down and fell significantly below the USD 10,000 support. Also, altcoins failed...
Crypto, Blockchain Progress Continues in Argentina, Venezuela, Ecuador
15.8.2019
Source: iStock/Anson_iStock
Cryptocurrency prices may be falling, but Bitcoin, altcoins and blockchain technology are still trying to gather momentum in Latin America.
Reports from Argentina continue to claim that citizens are flocking to bitcoin as an alternative to the fast-depreciating peso –...