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This Is What MoneyGram is Using XRP For
8.8.2019
U.S.-based major money transfer company MoneyGram said it has already started to use Ripple's xRapid product that is aimed at minimizing liquidity costs and is powered by Ripple's XRP cryptocurrency. However, what are they using it for?
“We are using XRapid to buy a portion of our currency needs...
How Crypto YouTuber Scammed a Scammer and Donated the Money to Charity
8.8.2019
Ben Perrin. Source: a video screenshot, YouTube, BTC Sessions
When scammers try to take people’s bitcoin out of their wallets on great promises of even greater fortune, some intended victims turn the scam around on the scammer.
Such is the case with Ben Perrin, the marketing director at bitcoin...
Bitcoin Eyeing Break While Altcoins Consolidate
8.8.2019
After yesterday’s downside correction, bitcoin price found support near the USD 12,000 level. BTC/USD started a fresh increase and climbed back above the USD 11,500 resistance. The current price action is positive and it seems like the bulls are eyeing an upside break above the USD 12,000 and...
Blockchain-keen Gaming Firm Snaps up Platform With 208K Active Users
8.8.2019
Mobile gaming platform Animoca Brands has struck a deal that will see it take over digital collectibles marketplace Quidd.
The Hong Kong-based gaming company said it would be acquiring 100% of Quidd’s shares, paying an initial USD 5 million upfront to Quidd shareholders, in addition...
US Committee to Debate Crypto Tax Reform, Indians ‘Face Questionnaire’
8.8.2019
Politicians and tax regulators around the world are continuing to struggle with the thorny issue of cryptocurrency taxation – with a congressional financial committee set to debate a “tax fix” act on crypto tax in the United States and Indian authorities reportedly grilling crypto holders with...
Similarities and Differences Between Libra and Visa
7.8.2019
The founding partners of the Libra Association.
Ascannio / Shutterstock.com
In all the hype that has surrounded its Libra currency, Facebook has been able to distract attention away from an important issue. Libra is being hyped as Facebook’s bitcoin but it’s really a proposal...
Huobi and Abra Keep Their Crypto Baskets as Coinbase Bundle Closed
7.8.2019
Crypto baskets were the hot trend of the end of 2018, and multiple companies started offering their own crypto bundles. But we haven’t heard a lot about them since. Huobi, Abra and OKEx replied to our requests for comment.
As a reminder, crypto baskets come with a select suit of coins that...
Post-Halving Litecoin to Readjust its Mining Difficulty Today
7.8.2019
The 5th cryptocurrency network by market capitalization, Litecoin (LTC) had its second halving two days ago but the other network metrics haven't experienced dramatic changes as of yet. The hashrate, or the computing power of the network, corrected lower but is still a few times bigger than in...
Bitcoin and Altcoins Correcting Gains
7.8.2019
This week, we saw a strong rise in bitcoin price above the USD 11,500 and USD 12,000 resistance levels. BTC/USD even climbed above the USD 12,200 level and traded to a new monthly high near USD 12,300 before starting a downside correction. It is down more than 5% from the high and is trading below...
Binance Starts Hunting its Blackmailer, Offers Reward of 25 BTC
7.8.2019
Source: Instagram, Binance
There is a lot of noise in the cryptoverse that major cryptocurrency Binance has been breached. However, the statement by the Binance Security Team says that it's false. According to them, an unidentified individual has threatened and harassed the exchange, "demanding...
Coinbase Hit with Bitcoin Cash Negligence Wrap, Kik Hits Back at SEC
7.8.2019
An American court has ruled that cryptocurrency exchange Coinbase will be charged with negligence for allegedly making a hash of the launch of the Bitcoin Cash (BCH) token.
Bloomberg reports that San Francisco District Judge Vince Chhabria described the launch as an “incompetence born of haste,”...
An Overview of Cryptomarket in 2019
7.8.2019
Disclaimer: The text below is a sponsored article that was not written by Cryptonews.com.
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If there’s anything we have learned so far about the cryptomarket currency after the Bitcoin
craze in 2017 is that it’s highly volatile and unpredictable. Even though this makes crypto
unappealing...
South Korean Cities May Reward Cyclists with ‘Token’ Incentives
7.8.2019
Local governments across South Korea could be set to hand out “blockchain-powered tokens” to cyclists who use city-run bike-sharing programs.
Per media outlet NBN, a number of governing authorities in some of South Korea’s most populous cities – including Seoul, Busan and Incheon – are now looking...
The Bitcoin Perpetuals Swaps Market is Growing - What You Need to Know
6.8.2019
The perpetual swaps market for cryptoassets is growing. First brought to market by leading crypto derivatives exchange BitMEX in 2016, perpetual swaps on bitcoin have started to gain more traction among crypto traders in the past twelve months. Today, several exchanges offer perpetuals while market...
Mainstream Media Hails Bitcoin as Safe Haven Amidst Market Turmoil
6.8.2019
While global financial markets are in the midst of a massive turmoil, with the U.S. S&P 500 stock market index selling off more than 3%, even the mainstream media are starting to pay attention to potential bitcoin’s safe-haven properties.
Several major media outlets, ranging from Bloomberg to CNBC...
A New Market Metric Tries to Find the Best Time to Buy Bitcoin
6.8.2019
Following up on our previous overview of what three bitcoin market metrics showed last week, let’s take a look at a brand new indicator developed by the popular bitcoin analyst Willy Woo; the Bitcoin Difficulty Ribbon.
“The ribbon consists of simple moving averages on mining difficulty so we...
New Coinbase Listing Candidates Show Mixed Results
6.8.2019
What was once known as one of the most sure-fire ways to make money in the crypto space, once again proved to be a risky activity as the so-called “the Coinbase listing effect” wanes.
After the popular exchange on Monday announced that it is “exploring the addition” of eight new digital assets...
Bitcoin Rallies Past USD 12,000, Altcoins Gaining Momentum
6.8.2019
Yesterday, we saw the start of a strong rise in bitcoin price above the USD 11,200 and USD 11,500 resistance levels. Later, there was a downside correction, but dips remained supported in BTC/USD near USD 11,400. As a result, the price resumed its upward move today and climbed more than 5% above...
Samsung Galaxy Note 10 to Feature Crypto Wallet, SDK in Plans – Report
6.8.2019
What the Note 10 Plus will reportedly look like. South Korean media outlets are confirming that Samsung’s newest flagship phablet, the Samsung Galaxy Note 10, will feature a cryptocurrency wallet.
The new device, a phone-tablet, is set to be released tomorrow (August 7), and will likely feature...
Hacked BITpoint Gives Details of Attack, Reopens Doors for Business
6.8.2019
Hacked Japanese cryptocurrency exchange BITpoint has partially resumed trading – and says its investigation has found that criminals used malware to access the platform’s hot wallets.
The exchange was attacked last month, with hackers making off with some USD 32 million worth of cryptocurrencies...